With China's official support, the main state -owned enterprises are becoming China's most popular stock trading market.
According to Bloomberg News Saturday (March 18), so far this year, the largest stock measurement standard index supported by the Chinese government has increased by 7%, which is nearly five percentage points higher than the benchmark CSI 300 index higher than the CSI 300 index.And maintain elasticity in the global banking industry.Among the top 10 stocks with the best performance of the Hang Seng China Enterprise Index, state -owned enterprises accounted for half, of which China Weitong Group rose 118%, and China Mobile rose greatly by 49%.
There are a large number of state -owned enterprises in China, and the central government directly controls 98 state -owned giants, including top banks, mobile operators and energy manufacturers.However, investors sometimes think that state -owned enterprises are inefficient and lack vitality, because the tasks of these enterprises are to support social policies rather than prioritize profits.
But after the Chinese official regrets the value of state -owned enterprises and increases support, they are attracting investors' attention.In terms of assisting the Chinese government's implementation of various economic policies -from controlling geopolitical challenges to achieving environmental goals, state -owned enterprises may play a greater role. Such expectations have also promoted investors' optimistic emotions for Chinese state -owned enterprises.
At the end of last year, after the Chinese Securities Director proposed the "Chinese characteristics valuation system" and suggested that the new company pricing method is adopted, the market attention of listed companies in the central and state -owned enterprises has increased significantly.
According to the index supplier, as of Thursday (16th), the CSI CSRC's 100 -fold income was 10 times, and the broader CSI 300 index was 14 times.In contrast, the P / E ratio of the State -owned Enterprise Index is 9.8 times.The supplier said: "Nevertheless, we still have reason to maintain cautiousness. Worries about the risk of economic recession may eventually swallow this security port. From a historical point of view, due to the crowded transaction, the rebound of state -owned enterprise shares is still short -lived.Yes, this makes some investors feel uneasy. "