After China's official weekend issued a number of favorable policies, the A shares opened on Monday (August 28), the entire board skyrocketed;Sustainability is still doubtful.
Under the multi -favorable blessing, the three major A -share stock indexes collectively empty open on Monday; Among them, the Shanghai Stock Exchange Comprehensive Stock Price Index (Shanghai Index) and Shenzhen Stock Exchange's Stock Price Index (Shenzhen Index Index) High 5 Super 5 Super 5%, The GEM Index opened nearly 7%.However, the two cities fell quickly, and they walked out of high opening and low. The end of the end of the market further narrowed.
The north funds that are regarded as the "vane" of the A -share market funds continue to reduce their holdings.According to the Securities Times, Northern Global sold 8.247 billion yuan (RMB, Same as S $ 1. S $ 1. S $ 1. S $ 1. S $ 1. S $ 1. S $ 1. S $ 1. S $ 1. S $ 1. S $ 1. S $ 1. S $ 1. S $ 1. S $ 1. S $ 1. S $ 1. S $ 1.33 billion), which made investors confident.Prior to this, it was the first time that this phenomenon appeared in history for three consecutive weeks of net net sales.
In the case of investors' increasingly not optimistic situation in the Chinese economy, the Chinese stock market has continued to sluggish this year. Since May, the Shanghai Index has continued to fall, breaking a few major integers, and recently fell below 3100 points, which has severely cracking down on investors.Market confidence.Although the opening of the market rose sharply, the Shanghai Index closed on Monday, which still failed to keep 3100 points, showing that the market's possibility of the market policy may still be suspicious.
In order to activate the capital market and boost investor confidence, the Ministry of Finance and the State Administration of Taxation announced on Sunday (August 27) that they have been alternately levied on the seal of securities transactions.On the same day, the China Securities Regulatory Commission also issued several targeted policies, including staged tightening the rhythm of the first public sale (IPO), further regulating the shares reduction behavior, and the lowest rate of financing margin when investor financing and buying securities.
The website information of the China Securities Regulatory Commission shows that 10 fund companies including Huaxia Fund, Carnesses Fund, Yifangda Fund, and Guangfa Fund reported to China Securities 2,000 Bond Listing Fund (ETF) on August 11th on Friday (August 25)Collective approval.The Xinchuang theme ETF reported by the seven fund companies on August 18 was also approved in the early morning of Saturday.
17 ETFs were approved overnight, which is extremely rare in the history of public funds, which means that new incremental funds will accelerate into A shares, and the signal of the government's market rescue will be obvious.
In order to stabilize the stock market, the Chinese government has previously shot many times, but the controversy on the effect of rescue and market rescue measures continues to exist.Zuo Xiaolei, former chief economist of Galaxy Securities, said in an interview with Lianhe Morning Post that the high and low opening of A shares on Monday reflected the "consistent actions of subconsciousness" to some extent.After the government launched a favorable policy, it has formed a positive role in the market in the short term, but it will soon have a profit.Next, the market will expect state -owned assets to enter the stock market again.
China News Agency, Zhao Qingming, the vice president of China Foreign Exchange Investment Research Institute, analyzed that the stock market is more of the "barometer" of the economy. Some investors have weak economic expectations and drag their market performance.However, he also emphasized that although the A -share market opened high and low, he should not deny the positive role of favorable policies last weekend.
Zuo Xiaolei also pointed out that the stock market must be healthy and sustainable, and it is still necessary to improve the quality of listed companies, promote enterprises to become bigger and stronger, and encourage investors to hold stocks for a long time. Otherwise, the stock market will always be speculative rather than the investment market.The favorable policy is also "cure the standard and not the root cause".
As the pessimism spread, the Chinese media issued a post to the stock market investor in confidence, emphasizing that "do not be led by negative news."
The Securities Times Network, hosted by the People's Daily, has been published on Sunday (August 27).Articles with a market value of 20 trillion points with a market value of more than 3%of the A -share valuation of 1664 points in 2008, pointing out that the market sentiment has fallen to the freezing point, so that the care policies from management are gone.Consensus "is often wrong."
The article states that some investors are worried that A shares have "systemic risks", but the so -called "systemic risk" in the eyes of ordinary investors, in the eyes of value investors, it is the feeling of gold.
