"west street observation" returns to 3,000 points, a-shares are different this time
2024-10-06
한어Русский языкEnglishFrançaisIndonesianSanskrit日本語DeutschPortuguêsΕλληνικάespañolItalianoSuomalainenLatina
after squatting, the a-share market performed an extreme jump. in just 4 trading days, the shanghai composite index once again returned to and stood firm at 3,000 points, completely igniting the market's trading atmosphere. whether it is policy or financial aspects, the 3,000 points this time are very different. from a mid- to long-term perspective, a-shares or xiaohe will show their sharp edges at 3,000 points.
compared with the past, the current policy benefits are more comprehensive and intensive.
the political bureau of the cpc central committee held a meeting on september 26 to analyze and study the current economic situation and plan the next economic work. the meeting pointed out that efforts should be made to complete the economic and social development goals and tasks throughout the year. the meeting emphasized the need to intensify countercyclical adjustments to fiscal and monetary policies; lower the deposit reserve ratio and implement strong interest rate cuts; promote the real estate market to stop falling and stabilize; strive to boost the capital market and vigorously guide medium and long-term funds to enter the market... the package of policies the statement has directly benefited important areas such as finance, real estate, stock markets, consumption, and employment, and has rewritten the market's expectations for china's economic development in one fell swoop.
as far as the capital market is concerned, the central bank has cut reserve requirements and interest rates to stabilize growth, providing a more relaxed monetary policy environment and expectations for the stock market. promoting the entry of medium and long-term funds into the market, strengthening patient capital, long-term investment, and creating interchange facilities for securities, funds, and insurance companies are expected to continue to improve market liquidity and directly solve the market's subsequent capital anxiety. in the future, a-shares will "not short of money".
mergers, acquisitions and restructuring are also a new highlight in this round of market conditions. with the release of the "six measures for m&a" and with the encouragement and support of policies, the activity of the m&a and reorganization market will further heat up. more listed companies will transform and upgrade through the implementation of m&a and reorganization, helping a-share listed companies to optimize their structure, industrial integration and improvement. quality and efficiency will increase, ultimately benefiting the high-quality development of the capital market.
after the new deal, the vast majority of mergers, acquisitions and reorganization cases will directly increase the profitability and technological content of the relevant listed companies, which will in turn benefit the improvement of the valuation level of listed companies. especially for some mergers, acquisitions and reorganizations involving new quality productivity, it will have a great impact on the capital market. the strong money-making effect is of great significance to the in-depth development of the market and strengthening investor confidence.
the same 3000 points, but different trading volume. trading volume is a direct reflection of the market's volatility. in the past three trading days, the daily trading volume of the a-share market has continued to exceed one trillion yuan, which is evident from the intense market trading. the "piling volume" at the bottom of a-shares is often regarded as an early signal for the market to start.
3000 points is the "old friend" of a-shares, but this time the "old friend" has a new look. non-bank finance is the vanguard of the rebound, individual stocks are in full bloom, and there is a bull market frenzy.
also different are market sentiments, where the money-making effects of capital markets are triggering a chain reaction. the account opening business of securities firms has changed from a sparse business to a busy one today. the icbc bank-securities net transfer value index soared, indicating that funds were rushing into the market. foreign capital is also ready to make a move. the goldman sachs conference call was crowded. foreign capital is actively making arrangements. no one wants to miss out on the deterministic market price of a-shares.
even after experiencing a short-term surge, the current overall valuation of a-shares is still at a historically low level. the valuations of the shanghai composite index, csi 300, csi 500 and other indexes are all lower than the historical average. it is too early to talk about "fear of heights".
policy, capital, and sentiment resonate. in the medium to long term, a-shares at 3,000 points are just the horizon. choose blue-chip stocks, learn to be patient and hold capital for the long term, and follow the trend. don't regret it until it's too late when you are bullish.
returning to 3,000 points, a shares are different this time. what is different is the reshaping of expectations.
source: beijing business daily
