Yang Delong, chief economist of Qianhai Open Source Fund, said that the collective voice of the regulatory authorities reflected the importance attached to the stock market and helped boost market confidence.
Financial supervision department
Talking about the stock market by collective voice
Recently, the two sessions talked about the capital market when conveying the spirit of the 20th Party Congress and the spirit of The First Plenary Session of the 20th Central Committee.
The People's Bank of China pointed out that it is necessary to strengthen departmental cooperation and maintain the healthy development of the stock market, bond market and property market. The China Banking Regulatory Commission (CBRC) said that under the background of innovation and development of the real economy and steady transformation, the long-term investment value and sound foundation of the capital market will not change. The CSRC stressed that the capital market should adhere to the purpose of financial services to the real economy, comprehensively deepen reform, improve the multi-level market system, improve the functions of the capital market, increase the proportion of direct financing, expand the opening of high-level institutions, broaden the financing channels for overseas listing, strengthen pragmatic cooperation with the Hong Kong market, and accelerate the construction of a modern capital market with China characteristics.
"The collective attitude of the financial regulatory authorities will help boost market confidence." Yang Delong said that the volatility of the A-share market increased in the fourth quarter, and some leading stocks with excellent performance also fell. The voice of the regulatory authorities helps the market return to the normal valuation channel. Yang Delong pointed out that the gross domestic product (GDP) increased by 3.9% in the third quarter, 3.5 percentage points faster than that in the second quarter. While production rebounded, the leading role of new kinetic energy was highlighted, the industrial structure continued to be optimized, the three major demands of consumption, investment and export continued to rise, and the stamina of economic development was strong, which provided assistance for the stable and healthy development of the capital market.
Li Xunlei, chief economist of Zhongtai Securities, believes that the financial data in September showed that the demand for corporate loans rebounded, the real economy stabilized and rebounded, and the stock market volatility obviously underestimated the valuation level of many listed companies. As a long-term investor, it is a good opportunity to choose some high-quality blue chips and some growth stocks that meet the future development trend of the industry.
Market participants buy from themselves.
At the same time that financial regulators voiced their voices on the capital market, a number of fund companies and brokerage asset management institutions set off a wave of self-purchase, and real money and silver are optimistic about the market development prospects.
According to the statistics of Choice, only from June 65438+1October 65438+1October 07 to June 265438+1October 0, 27 institutions, including Da Rui Fund, Penghua Fund, China Merchants Fund, Huaxia Fund and southern fund, issued self-purchase announcements with a total amount of/.
In addition to the self-purchase disclosed in the periodic report, during the year, 100 fund companies or asset management institutions of securities companies issued temporary announcements on self-purchase, with a net purchase amount of 4.857 billion yuan. Among them, the bond fund has the highest net subscription amount of14.92 million yuan, accounting for 30.71%; Followed by hybrid funds, the net subscription amount is 1.448 million yuan, accounting for 29.8 1%.
Yang Delong said that fund companies, as important institutional investors in the market, have bought their own products in the downturn, which is undoubtedly a positive signal that the value of the current market has gradually been recognized by the market.
Sheng Song, chief investment director of Everbright Prudential Fund, said that every time the market drops sharply, it is a good medium-and long-term investment opportunity. We should look for certain industrial trends and pay attention to industries with good growth in the next 1~2 years. On the one hand, the transformation and upgrading of emerging industries represented by new energy and intelligent manufacturing are forming the leading force for the marginal growth of economic industries. On the other hand, from a global perspective, relevant industrial chains have already constituted China's competitive industries, which is conducive to China's progress from a manufacturing power to a manufacturing power, and its international influence is constantly improving. Among them, excellent small and medium-sized enterprises will have optimistic development prospects for a long time to come.
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