Some bear markets are due to the fact that funds are not expected to enter the market. The good news of the market is to stimulate the return of funds to the stock market, which can be seen from the interest rate cut. Reducing RRR and interest rate will increase market liquidity, and these funds will enter other markets for investment, and the stock market will benefit from it.
We all know that pension is a very important fund, but if the fund does not flow, it will depreciate, as we all know. Therefore, in the past, social security funds mainly existed in state-owned banks and purchased government bonds. Entering A shares is to open an investment channel. At first, it was predicted that the entry of pensions into the A-share market would be limited, with the social security funds entering the market at 12% and the insurance funds at 14%. Pensions entering the market is good for the stock market, and it is a good thing in essence. After all, money enters the stock market. At the end of 20 16, the national endowment insurance funds totaled 4.36 trillion yuan, accounting for 12%, less than 300 billion yuan, accounting for 5% of the market value of A shares at that time. Moreover, the plan is included in batches, so the overall impact on the market is very limited. In short, it is good, but the impact is relatively small.
The reasons why pensions are concerned about entering the market
1. The investment feature of the pension itself is that it wants to preserve and increase its value, so it will adopt a longer-term investment method. It can also be seen from the shareholding of the social security fund that it is beneficial to some stability of the stock market itself.
2. Judging from the current position of the social security fund, the medium and long-term income is relatively stable, and some cautious investors like this kind of stock target. After the pension enters the market, it can become the focus of these investors' attention.
3. Pension allocation is not a frequent operation, and its transaction is also a correct guide to market transactions. The increase of institutional investors will also have an impact on speculative operations.