(Beijing Comprehensive News) With the accelerated selling Chinese stocks and the continued decline in the Chinese stock market, the China Securities Regulatory Commission held a symposium on institutional investors to propose to create a good investment environment and guide medium and long -term funds to enter the market.
According to the official website of the China Securities Regulatory Commission, the CSRC held a symposium on the National Social Security Fund Council and some major bank insurance institutions of the National Social Security Fund on Thursday (August 24).Participation, said that medium- and long -term funds injected the source of living water into the high -quality development of the capital market.
The meeting believes that the current Chinese economy is in a critical period of stable recovery and achieve high -quality development after the epidemic. The demand for residents' wealth management, asset allocation and pension investment has continued to increase, and medium- and long -term funds are facing rare opportunities for the reform and development of capital markets.
The meeting proposes that at the time of the medium- and long -term funds such as pension, insurance funds, and bank wealth management funds, the investment in the development of equity in the development of rights and interests of the development of equity should be increased.
Affected by factors such as economic growth lower than expected and sluggish in the real estate market, China's stock market has recently surged down, and investors have accelerated their departure.Hong Kong stocks also continued to fall. Last Friday (August 18) entered a technical bear market, a 21%decrease from the high point at the beginning of the year.
According to Bloomberg, Morgan Stanley (referred to as Damo) In a research report on Thursday, it once again lowered the key indicators of mainland China and the Hong Kong stock market. This is the second time the bank has reduced the target price in three months.
Among them, Damo will be reduced to 60, the basic context goal of MSCI in June next year, which is 14%from previous forecasts.In the pessimistic forecast of the bank, the MSCI China index may fall to 40 points, or fall from the current level of about 60 points by 33%.
In addition, Damo also reduced the benchmark targets of the Hang Seng Index, Hang Seng China Enterprise Index and the CSI 300 Index in June 2024 to 18500 points, 6450 points and 4000 points, respectively.
The report said that the target of the stock index is related to the recent down -reduction of China's economic growth forecast for this and next year.Damo had previously adjusted China's economic growth forecast this year from 5%to 4.7%, and China's economic growth forecast next year also reduced from 4.5%to 4.2%.
In order to help the market transaction activity increase, more than 20 brokers in China have announced the increase in commission rates in the past two days.According to the China Fund News, more than ten Chinese securities firms including CITIC Securities and CITIC Construction Investment announced on Thursday that the transaction commission was lowered from August 28 to in response to the latest regulatory requirements of the China Securities Regulatory Commission.Subsequently, a number of securities firms such as Everbright Securities and Oriental Securities also issued similar announcements on Friday (August 25).
Each securities firms are mostly consistent. Among them, the Shanghai -Shenzhen Exchange involves A shares, B shares, and deposit vouchers.
