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under a series of favorable stimulations, a-shares were instantly detonated. from 2700 points to 3000 points, a shares only took three days!

on september 27, a-shares and hong kong stocks opened sharply higher, and market sentiment was hot. in just half an hour after the market opened, the trading volume of the two cities exceeded 500 billion yuan. the popularity of the market caused delays in the shanghai stock exchange's trading system.

bullish sentiment in the market is high, with stock index futures soaring across the board. stock index futures such as the shanghai stock exchange 50 and csi 300 soared by more than 5%, and the csi 500 and csi 1000 stock index futures soared by more than 8%. stock index futures experienced a rare overall rise in prices.

stock index futures surge across the board

on september 27, a-shares and hong kong stocks opened sharply higher in early trading. driven by the leading sectors such as financial services, liquor, and real estate, photovoltaics, lithium batteries, semiconductors and other sectors collectively rose sharply. as of the morning's close, the shanghai stock exchange index rose 2.14%, the shenzhen component index rose 6.17%, and the chinext index soared 9.33%. the half-day turnover of the shanghai and shenzhen stock markets reached 946.6 billion yuan, with more than 5,200 stocks rising in the market.

it is worth noting that just half an hour after the opening of early trading today, the trading volume of the two cities exceeded 500 billion yuan. the popularity of the market caused delays in the shanghai stock exchange's trading system. the time-sharing chart of the shanghai composite index once showed a straight line.

subsequently, the shanghai stock exchange issued an announcement saying, "the exchange is concerned that after the opening of today's stock bidding transactions, transaction confirmation was abnormally slow. the exchange has paid attention to the relevant situation as soon as possible and is investigating the relevant reasons."

despite delays on the shanghai stock exchange, stock index futures surged across the board, showing strong bullish sentiment in the market.

as of midday closing, the main contract of the shanghai composite 50 index soared 5.10%, the csi 300 stock index futures soared 6.40%, and the csi 500 and csi 1000 stock index futures soared 8.69% and 9.05% respectively. since this week, the main contract of the csi 300 index has increased by 18.35%. this morning, positions were reduced by 9,512 lots, and the transaction volume reached 101.3 billion yuan.

in addition, stimulated by the surge, stock index futures have risen sharply, which is often more common in bull markets. this implies that a large amount of funds have been buying derivatives to chase the rise in recent days, and market sentiment remains enthusiastic. specifically, the csi 1000 stock index futures has a premium of 202.09 points, the csi 500 stock index futures has a premium of 184.6 points, the csi 300 and sse 50 have a premium of 90.62 points and 76.57 points respectively, with the premium reaching a two-year high.

citic futures said that futures contracts generally show premiums in the current quarter, and the current hedging costs are low. short hedging funds can open or move positions to far-month contracts to lock in long-term hedging costs; the current intertemporal spreads have extremely converged, and intertemporal arbitrage strategies you can pay appropriate attention to the opportunity to make a wide inter-temporal spread on the left side. in terms of futures arbitrage, the premiums of ih and if have remained stable this week, so you can also pay appropriate attention to the opportunities of long 50etf and short ih (or long 300etf and short if).

several tens of billions of private equity investors have spoken out

as the market recovers across the board, a number of tens of billions of private equity funds have actively spoken out and are firmly optimistic about the market outlook.

china europe ruibo said that the two recent major conferences are specifically focused on real estate and the stock market, the two areas where people's wealth is accumulated the most. efforts in this area have the effect of getting twice the result with half the effort.

china europe ruibo believes that both a-shares and hong kong stocks already have many conditions for a bull market. for example, the overall market valuation is already at a low level, market investor sentiment is very sluggish, and a large number of stocks have broken net. these are all necessary conditions for the start of a new round of bull market. if the subsequent fiscal policy can be coordinated and consumer confidence can stabilize and rebound, then the probability of starting a new bull market here is very high.

"we continue to remind investors to sow seeds at the bottom of spring and wait patiently. the market direction is changing rapidly, and now is still a good time to make arrangements. we recommend that investors buy when the market starts, and don't come here again when the market peaks." bo said.

wang yiping, the helmsman of evolution assets, wrote in a signed article that the current market combines the characteristics of three market bottoms in history, namely the internal structural reform in 2005 (the share-trading reform focused on shareholder interests), the release of water to inject liquidity in 2008, and the liquidity injection in 2014. stocks are very cost-effective compared to bonds. each of these three characteristics has launched a major bull market in the past. now the superposition of the three indicates that the market will have a high probability of recovery.

wang yiping said: "we have emphasized the high odds of chinese assets many times before. with the introduction of this policy combination, the moment of high odds and probability has arrived. whether comparing history vertically or comparing asset classes horizontally, at the moment, china’s stock market is a rare buying spot.”

on the morning of september 27, the people's bank of china issued an announcement that starting from september 27, 2024, it will lower the deposit reserve ratio of financial institutions by 0.5 percentage points. after this reduction, the weighted average deposit reserve ratio of financial institutions will be approximately 6.6%. .

ju capital said that from the perspective of boosting capital market and investor confidence, although the rrr cut is within expectations, it is still unknown when it will be lowered. from an investment perspective, the earlier the rrr cut is implemented, the better the effect will be on investor confidence and boosting the capital market. the choice to lower the reserve requirement ratio on september 27 has an obvious intention, which is to add fuel to the stock market's return to confidence. after the reserve requirement ratio reduction, the index is expected to further expand its gains.