news

citic securities' official weibo post late at night had only one word "qian" in the title: "it is confidence and the return of xinqi'er"

2024-09-27

한어Русский языкEnglishFrançaisIndonesianSanskrit日本語DeutschPortuguêsΕλληνικάespañolItalianoSuomalainenLatina

on the evening of september 26, the research department of citic securities published an article on the company’s official weibo that swept the screen. the title only had one word: qian. citic securities said in a report that china red once again exaggerated the entire market. on september 26, the september politburo meeting rarely analyzed the economic situation, the lifeline of the country, involving policies in many fields such as finance, currency, capital market, employment, and private economy. at the opening in the afternoon, the market rose across the board. all 30 citic first-level industries rose, almost all individual stocks rose, and the daily limit of 100 stocks was exceeded! it is confidence and the return of xinqi'er. the shanghai composite index broke through 3,000 points from more than 2,700 points in just 3 trading days. trading volume once again exceeded one trillion yuan, hitting a new high in the past five months. the major a-share market indexes all rose by more than 6% this week, with the shanghai composite 50 index rising by 11.86% this week.

the research department of citic securities also interpreted the key points of this political bureau meeting. the main points are as follows:

according to previous policy rules, the september politburo meeting usually rarely discusses the economy, but this meeting focuses on analyzing the economic situation, which may reflect the importance of decision-makers on increasing macro-control and strengthening counter-cyclical adjustments.

the focus of subsequent fiscal policies may be tilted towards benefiting people's livelihood and promoting consumption at the margin. helping low- and middle-income groups and boosting the trend of consumption upgrading may be the focus. the shift in the focus of fiscal expenditures will help improve the efficiency of fiscal stabilization of growth.