Main recommendations
Li Keqiang: Seize the opportunity brought by the Regional Comprehensive Economic Partnership Agreement and actively expand new space for international cooperation.
202 1, 5G covers key towns and villages, and China Mobile implements the "100 billion" industrial pull plan.
Market review
Market comment: The market will still keep its momentum fluctuating. We should flexibly control the participation of rhythm bands and pay attention to the rotation of plate styles.
Macro perspective: The Finance Committee meeting studied the work of standardizing the development and maintaining the stability of the bond market.
Non-ferrous industry: the profit improvement of electrolytic aluminum industry is strong, and there are opportunities for revaluation and allocation of industry leaders.
Futures information
Metal energy: gold 395. 10, down 0.17%; Copper 53530, up1.34%; Rebar 3884, up 0.99%; Rubber 14250, down 0.52%; The PVC index was 7250, down1.56%; Zheng Chun 2279, down 0.04%; Shanghai Aluminum 15665, up by 0.84%; Shanghai Nickel 1 16940, up by 0.56%; Iron ore 86 1.5, up1.35%; Coke was 2,437.5, up 2.44%; Coking coal 13 19.0, up by 0.57%; Brent oil 45.46, up1.70%;
Agricultural products: soybean oil 7720, down 0.54%; Corn 2625, up 0.04%; Palm oil 6650, down 2.58%; Zheng Mian 14260, up 0.11%; Zhengmai 2680, down 0.11%; White sugar 5055, up 0.04%; Apple 7068, down 0.69%; Jujube 9960, up1.48%;
Exchange rate: EUR/USD 1. 19, down 0.17%; USD/RMB 6.56, down 0.28%; USD/HK$ 7.75, down 0.0 1%.
Second, the key recommendation
1, Li Keqiang: Seize the opportunity reached in the Regional Comprehensive Economic Partnership Agreement and actively expand new space for international cooperation.
Event:165438+1October 20th, Li Keqiang hosted a video forum for some local government leaders to analyze the economic situation and deploy work to promote economic and social development. Li Keqiang pointed out that it is necessary to promote high-level opening-up, continue to do a good job in stabilizing foreign trade and foreign investment, and stabilize the industrial chain supply chain. Seize the opportunity reached in the Regional Comprehensive Economic Partnership Agreement, make good use of relevant rules and facilitation measures, and actively expand new space for international cooperation.
Comments: After eight years of negotiations, the Regional Comprehensive Economic Partnership Agreement was formally signed. As the largest free trade zone in the world, the signing of this agreement will play a positive role in China's opening up and foreign trade. With the recovery of the domestic economy and the easing of the external situation, it is expected that the market is expected to maintain a structural deductive market.
(investment consultant Zhong Yanling registered investment consultant certificate number: S02606 13020024)
2.202 1, 5G covers key towns and villages, and China Mobile implements the "100 billion" industrial promotion plan.
Event:165438+1On October 20th, China Mobile held the 2020 Global Partner Conference in Guangzhou. Yang Jie, the chairman of the company, revealed in his keynote speech that China Mobile will further expand the scale of the 5G network and achieve good coverage of cities, counties and some key towns in China in 20021year; Release the "5G+ Blooming Action" and implement the "100 billion" industry pull plan; Relying on the investment platform of "M&A+ equity participation+venture capital", we will strive to reach 1000 billion yuan in the next five years.
Comments: As operators increase investment in 5G construction, the coverage of 5G networks will be greatly improved, which will further enhance the application scenarios of 5G and deeply benefit related companies.
(investment consultant Zhong Yanling registered investment consultant certificate number: S02606 13020024)
Third, the market review
Market comment: The market will still keep its momentum fluctuating. We should flexibly control the participation of rhythm bands and pay attention to the rotation of plate styles.
Last Friday, the major indexes fluctuated sideways in early trading, and the GEM index was relatively strong. At the close, the Shanghai Composite Index rose 0.44% to 3,377.73 points, with a turnover of 3 127 billion yuan. The Shenzhen Component Index rose 0.54% to 13852.42 points, with a turnover of 438.3 billion yuan. The GEM index rose 0.83% to 2,667.09 points, with a turnover of 22,965.438 billion yuan. From the disk, RCS rich media, automobiles and military sectors were among the top gainers, while medical beauty, beverages and semiconductors were among the top losers. The market presents local differentiation speculation, and with the continuous improvement of policies and economic fundamentals, the current A-share operation stage is only a turning point from liquidity-driven to fundamental-driven, and the logic of medium-term improvement remains unchanged; However, the upward slope of the short-term market may slow down and local shocks will increase. In operation, it is suggested to flexibly control the participation of rhythm bands and pay attention to the rotation of plate styles. Focus on bargain hunting: new infrastructure, nonferrous metals, semiconductors, Tesla, military and other sectors. The stock market is risky, so you need to be cautious in investing.
(investment consultant? Where's Gu? Registered Investment Consultant CertificateNo.: S026066 1 1020066)
Macro perspective: The Finance Committee meeting studied the work of standardizing the development and maintaining the stability of the bond market.
Event: On June165438+1October 2/kloc-0, Liu He, member of the Political Bureau of the Communist Party of China (CPC) Central Committee, Vice Premier the State Council and director of the State Council Financial Stability and Development Committee (hereinafter referred to as the Finance Committee), presided over the 43rd meeting of the Finance Committee to study and standardize the development and maintain the stability of the bond market. Relevant responsible comrades of the member units of the Finance Committee attended the meeting.
Comments: The meeting pointed out that the CPC Central Committee and the State Council attached great importance to the healthy and sustainable development of the capital market. The reform and opening-up of China's bond market has been deepening, and its function of serving the real economy has been continuously enhanced, and the overall market has been running smoothly. The recent increase in cases of breach of contract is the result of the superposition of cyclical, institutional and behavioral factors. Adhere to the general tone of steady progress, handle the relationship between promoting development and preventing risks in accordance with the principles of marketization, legalization and internationalization, and promote the sustained and healthy development of the bond market. It can be seen from the news that the overall short-term may bring some negative effects to the bond market, but in the long run, it is still conducive to the healthy and standardized development of the bond market.
(Investment Consultant Gu registered investment consultant certificate number: S026066 1 1020066)
Non-ferrous industry: the profit improvement of electrolytic aluminum industry is strong, and there are opportunities for revaluation and allocation of industry leaders.
Non-ferrous industries: The dust of the US election is preliminary, and global inflation trading is expected to accelerate further. This round of profit improvement of electrolytic aluminum industry has a strong sustainability, and there are opportunities for revaluation and allocation of A-share electrolytic aluminum plate. It is suggested to pay attention to listed companies with strong growth, low alumina self-sufficiency rate and great performance elasticity.
(Investment Consultant Gu registered investment consultant certificate number: S026066 1 1020066)