welcome the new policy | a shares rose for two consecutive trading days, and the real estate sector was hot
2024-09-25
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after the "one bank, one bureau, and one commission" jointly released favorable policies, a-shares rose for two consecutive trading days. at the close of september 25, the shanghai composite index rose 1.16%, breaking through the 2,900 point mark during the session; the shenzhen component index rose 1.21%, and the chinext index rose 1.62%.
the economic herald reporter noted that the chinext index has risen by more than 7% in the past two days, leading the two markets. from the market perspective, the big financial sector continued to strengthen, with diversified financial, securities, insurance, and banking sectors all rising sharply, and steel, media and entertainment, and tourism sectors also performing positively.
in the past two trading days, 301 shandong stocks rose, accounting for 98%. among them, 113 shandong stocks rose by more than 5%, and 9 stocks such as huatedyne (000915.sz), luxin venture capital (600783.sh), and zhongji xuchuang (300308.sz) rose by more than 10%. from the industry perspective, shandong stocks in the pharmaceutical, financial, and new energy sectors have performed outstandingly in the past two days. baiyang pharmaceutical (301015.sz) has accumulated a growth of more than 10%, and qingnong commercial bank (002958.sz) has risen by more than 8%.
blue chip stocks are clearly favored by funds. huateda has fallen for four consecutive months before, and the gains in the past two days have made its market value rebound a lot. the company's performance is stable, and the social security fund is still on the list of the top ten circulating shareholders at the end of the second quarter. sun jian, chief analyst of zhejiang securities pharmaceuticals, said that the company achieved a net profit attributable to shareholders of 332 million yuan in the first half of the year, a year-on-year increase of 3.12%. its core product, icoxin vitamin ad drops, continued to maintain its position as a market leader, and second-line products such as dain iron and dain calcium also achieved significant growth performance. in the future, we continue to be optimistic about the expansion of these product channels, the continuous improvement of penetration, and the continuous enrichment of the product matrix, which will drive steady growth in revenue from 2024 to 2026.
it is reported that on the 24th, pan gongsheng, governor of the people's bank of china, li yunze, director of the state financial supervision and administration, and wu qing, chairman of the china securities regulatory commission, introduced the relevant situation of financial support for high-quality economic development at a press conference held by the state information office. they systematically elaborated on the comprehensive deepening of capital market reform and the entry of medium- and long-term funds such as insurance funds into the market. at the meeting, a series of incremental policies were announced, covering many aspects such as capital supply and system improvement, to support the development of the capital market.
it is worth noting that pan gongsheng proposed at the press conference that the central bank created structural monetary policy tools for the first time to support the capital market. this structural monetary policy tool involves two items. one is to create new monetary policy tools to support the stable development of the stock market, create securities, funds, and insurance companies to swap facilities, and support qualified securities, funds, and insurance companies to obtain liquidity from the central bank through asset pledges, which will greatly enhance the ability to obtain funds and increase stock holdings.
the second is to create a special re-loan for stock repurchase and increase holdings, guiding banks to provide loans to listed companies and major shareholders to support the repurchase and increase of stock holdings. the central bank will issue re-loans to banks, providing a 100% funding support ratio, a re-loan interest rate of 1.75%, and commercial banks will provide customers with a first-term loan quota of 300 billion yuan, which can be expanded in the future depending on the application situation.
"from the perspective of institutional arrangements, this tool allows listed companies and major shareholders to borrow from banks at an ultra-low interest rate of 2.25% for the purpose of repurchasing and increasing their holdings of listed company stocks. in the short term, it will help provide incremental funds for the stock market and boost stock market expectations and trading sentiment." ji linghao, fixed income analyst at huachuang securities, said that the two structural monetary policy tools have opened up new ideas for monetary policy, and there is still ample policy space for further increasing the amount of injection in the future.
in addition, the state financial supervision and administration bureau said that it will introduce new policies to guide more medium- and long-term funds to support the equity market. wu qing revealed that the china securities regulatory commission and other relevant departments have formulated the "guiding opinions on promoting the entry of medium- and long-term funds into the market", which will be issued in the near future. among them, there are a series of arrangements to support the entry of medium- and long-term funds into the market, focusing on the goal of "more long-term funds, longer long-term funds, and better returns", and further promoting the entry of medium- and long-term funds into the market.
(reporter shi chao of dazhong news and economic herald)
