A shares are quite strong!
Recently, the turmoil in US stocks has intensified. However, in the past two days, A-shares have clearly stabilized, and today they have rebounded sharply by nearly 2%. Yesterday, the net outflow of more than 10 billion foreign capital, today returned 900 million yuan.
Today, the central bank successfully issued two issues of RMB central bank bills in Hong Kong, including three-month and one-year central bank bills of 10 billion yuan each. The analysis believes that the central bank’s intention to stabilize the exchange rate is obvious.
A shares rose and regained 2900 points
Today, A-shares opened higher, and after the morning consolidation, they climbed all the way. As of the close, the Shanghai Composite Index rose 1.91%. The Shenzhen Component Index and the Growth Enterprise Index rose 2.44% and 2.28% respectively. The turnover of the two cities has increased to 512.8 billion yuan.
Liquor, food, medical and pharmaceutical, semiconductor,InsuranceThe sector is among the top gainers; among the liquor stocks,Luzhou LaojiaoDaily limit,Golden seed wine,Yanghe sharesThe increase is over 8%;Twin tower foodFood stocks such as Weiwei Foods are up and down;Ping AnSoared 2.86%,Guizhou MaotaiIt rose 4.56%.
Over 100 billion market valueLuzhou LaojiaoToday's daily limit, Shenzhen Stock Exchange bought 348 million yuan and sold 272 million yuan, three institutions to buy 151 million yuan, Galaxy Securities Shaoxing business department bought 55.16 million yuan.
Today, the two cities generally rose, rising 3,392 stocks, down 164 stocks, of which 114 stocks were up and down, 16 stocks were down, and none of the non-ST stocks had a limit.
Foreign capital returns 900 million
Foreign capital has returned.
Since April, foreign capital continued to flow out in the north, and the trade conflict has been superimposed. Yesterday, the net outflow was 10.9 billion yuan. Therefore, the recent foreign investment has attracted much attention.
However, today's northbound funds returned 907 million yuan, of which the net inflow of Shanghai Stock Connect was 340 million yuan, and the net inflow of Shenzhen Stock Connect was 567 million yuan.
The central bank issued a stable exchange rate
At the same time that A shares rose, the central bank stabilized the exchange rate in Hong Kong.
On May 15, the central bank issued a message saying that two consecutive RMB central bank bills were issued in Hong Kong that day, including three-month and one-year central bank bills of 10 billion yuan each, and the winning rates were 3.00% and 3.10% respectively. The total number of bids for the issuance exceeded 100 billion yuan, and the main body of the subscription included commercialbank, fund, investmentbank,centralbank, international financial organizations and other types of offshore market investors.
According to the analysis of the brokerage China report, in combination with the special time point of the central bank issuing a central bank bill in Hong Kong, the central bank’s policy intentions are quite promising. Since the issuance of central bank bills in Hong Kong can recover offshore renminbi liquidity, increase the offshore market interest rate, and raise the cost of shorting the renminbi, thus achieving the goal of stabilizing the exchange rate.
The fund said short-term correction is a good opportunity for layout
For today's market surge, a large fund company in Shenzhen quickly commented that the short-term rapid correction is a good opportunity for dips.
1. Fundamental and news: Although the CPI rose 2.5% slightly lower than market expectations, the PPI rose 0.9% year-on-year, and most of the industry's prices turned positive and the corporate profits were repaired. In addition, today's disk was mainly affected by the turnaround of negotiations and the impact of marginal easing.
2. Funding level: On May 14th, the medium-term loan facilitation (MLF) operation was 200 billion yuan. After deducting the 156 billion yuan MLF and 20 billion yuan reverse repurchase due on the same day, the central bank realized a net liquidity of 24 billion through open market operations. Yuan helps to stabilize market liquidity expectations.
3. Outlook for the market outlook: In the medium and long term, the tax dividends brought to the enterprises and residents will be gradually released; MSCI will increase the proportion of A-shares, and the long-term trend of foreign-funded Chinese assets will be determined and there will still be huge space; social security, The medium and long-term funds such as pensions have been continuously strengthened, and the views on the equity market are maintained.
In addition, China currently reserves a large amount of policy space, including further relaxation of monetary policy, tax cuts and reductions in fiscal policies, and accelerated state-owned enterprise reforms, which can hedge the negative impact of the news. Therefore, the short-term rapid correction is a good opportunity for dips.
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(Article source: China Fund News)