The bull market will continue and hit 6,000 points at the end of the year

The long-term trend is still a bull market

In the long run, the market still shows multiple benefits.

The recent sharp and substantial appreciation of the RMB has provided a strong stimulus to the market, causing the market's capital volume and transaction volume to hit new highs. The performance of listed companies has experienced an unprecedented surge in history. The interaction of large-scale asset injections with overall listing and equity incentives has resulted in an unprecedented increase in the profitability of listed companies and a substantial increase in valuation levels.

Looking back at the stock market trends in the international market, the Dow Jones Index reached a historical high of 13,359 points on May 10, 2007, the German Frankfurt Index hit a historical high of 7,538.59 points on May 7, and the British Financial The Times Index hit a record high of 6,614.7 points on May 4, and the Paris Securities Exchange Index hit a record high of 6,081.78 points on May 7.

Among them, the Frankfurt Index has risen from 2543.15 points on February 28, 2003 to now, and the stock price index has increased by 197%; the Financial Times Index has risen from 3927.8 points on April 29, 2003 to now, and the stock price index has increased by 197%. The index has increased by 68.4%; the Paris Securities Exchange Index has increased from 2808.58 points on April 10, 2003 to now, and the stock price index has increased by 116.5%. The economic growth rate of these countries is far from that of China, and their stock prices can also rise sharply. China's economy continues to grow at a rapid pace, and it is reasonable for stock prices to rise.

This round of bull market in China’s stock market is mainly based on major and substantial changes in the fundamentals of the market and listed companies. Generally speaking, it is carried out under the concepts of value discovery, value appreciation and value investment. So far, the static P/E ratio and the dynamic P/E ratio are only more than 40 times, which is consistent with the support of the performance growth of listed companies.

Therefore, a market participant said to reporters: "The bull market is certain, and now it is basically estimated that it will reach around 6,000 points by the end of the year.