A-shares ushered in the closing battle of 2023 today, and the three major indexes collectively closed in the red, and the Shanghai Composite Index rose 068% to close at 297493 points;The Shenzhen Component Index rose 089% to close at 952469 points;The GEM index rose 063% to close at 189137 points. The market turnover reached 822.6 billion yuan, and northbound funds sold a net of 56.6 billion yuan, with a cumulative net of 43.7 billion yuan in 2023, a net ** for ten consecutive years.
Most of the industry sectors closed up, with optics and optoelectronics, consumer electronics, games, shipbuilding, electronic components, and cultural media sectors leading the gains, while aviation airports and wine industries were among the top decliners. Judging from the annual performance, the Shanghai Composite Index will fall by 37%, and the Shenzhen Component Index fell 1354%, the GEM index fell 1941%。
Today's news
Foreigners can open an A-share account The head brokerage has launched this function.
Foreigners with a new version of the permanent residence permit can open an account online!On December 28, the Chinese reporter of the brokerage company learned that a number of brokerages, including China Securities Construction Investment, have officially launched the online account opening function for foreigners holding a new version of the permanent residence permit, and this kind of people can self-service A-share ** account opening business without leaving home. Brokerage China reporters learned that previously, the Beijing Securities Regulatory Bureau issued a notice requiring securities firms in the jurisdiction to complete the adaptation of the new version of the permanent residence permit for foreigners by the end of December 2023, so as to realize the compatibility and use of the old and new versions of the permanent residence permit, and ensure that the holder can use the permanent residence permit as an identity document to handle the relevant business such as **, trading, subscription, and redemption of investment ** shares normally, so as to further improve the effectiveness of the facilitation application of the permanent residence permit. Regulators investigate the implementation of the new regulations on securities lending and lendingOn December 29, a reporter from China Securities Taurus exclusively learned from the industry that in order to understand the implementation of industry institutions to optimize securities lending transactions and refinancing ** lending transactions, the regulatory authorities recently launched a survey within the industry. Eight departments: explore the establishment of regional artificial intelligence data processing centersEight departments, including the Ministry of Industry and Information Technology, issued the "Guiding Opinions on Accelerating the Transformation and Upgrading of Traditional Manufacturing Industry". Among them, it is proposed to promote the overall transformation and upgrading of industrial parks and clusters. Promote the upgrading of digital infrastructure in national high-tech zones and science and technology industrial parks, build public service platforms, explore shared manufacturing models, and implement overall digital transformation. Led by the national advanced manufacturing cluster, we will promote the digital transformation of industrial clusters, promote the optimization of resources, flexible production capacity and industrial chain synergy, and enhance comprehensive competitiveness. Explore the construction of regional artificial intelligence data processing centers, provide massive data processing, generative artificial intelligence tool development and other services, and promote artificial intelligence to empower traditional manufacturing. Explore organizational forms such as platforms and networks, develop virtual parks and clusters across physical boundaries, and build a new industrial digital ecology that combines virtual and real industries. Central Bank: Precise and effective implementation of prudent monetary policy to increase the implementation of policies that have been introducedThe People's Bank of China announced on December 28 that the Monetary Policy Committee recently held its regular meeting for the fourth quarter of 2023. The meeting pointed out that a prudent monetary policy should be flexible, moderate, precise and effective. Different from the regular meeting in the third quarter, this meeting changed the expression of monetary policy from "precise and powerful" to "precise and effective", and implemented the latest requirements of the ** economic work conference. Ministry of Commerce: Set 2024 as the "Year of Consumption Promotion" Organize and carry out a variety of activities to promote consumptionThe "2023 Year of Consumption Boost" series of activities has achieved positive results, and the next step will be to promote the continuous expansion of consumption, and set 2024 as the "Year of Consumption Promotion". We will adhere to the two-wheel drive of "policy + activities", highlight key categories, festivals and seasons, continue to organize and carry out a variety of consumption promotion activities, create more new scenarios for the integration of business, tourism, culture and sports, and create a good consumption atmosphere.
Institutional perspectives
Guosheng**: New Year's Eve** is expected to continue, and grasp the opportunity of the current time layout
Guosheng** said that in the external environment, the Fed's interest rate hike cycle may have ended, the dollar index has weakened, the RMB exchange rate has continued to appreciate in recent days, and northbound funds have flowed into more than 13.5 billion yuan on Thursday, providing a strong boost to the market. Domestically, the Supreme People's Procuratorate has cracked down on financial fraud, market manipulation and other crimesRegulators are also encouraging listed companies to use buyback tools to actively reward investors. The internal and external market environment has been strongly improved, market confidence has been significantly boosted, and the New Year's Eve is expected to continue, seizing the opportunity of the current time point layout. In terms of allocation, we will focus on the direction of new energy photovoltaic, lithium battery and other directions where the overall high and low switching layout of funds has been adjusted in recent years, and the repair of the sector under extreme valuation can be expected. Bohai**: A**field is about to enter a performance vacuum period Bohai** research report pointed out that A**field is about to enter a performance vacuum period. At this stage, the strength of the short-term closing data is of little significance, and the fundamental information that can help in the medium and long-term judgment will be more important. As base volatility weakens, economic fundamentals will face a more sustainable sequential sequential expansion process. The improvement of household balance sheets will also boost the resilience of future demand recovery and enhance the medium- and long-term expectations of fundamentals. In terms of industry allocation, the valuation of most industries is basically in the bottom area, and there are not many fundamental catalysts under the performance vacuum period, so in terms of outlook, the driving factors at the industry level in January may still come from the capital side. Thematic opportunities at the industry level are expected to be active, and we can pay attention to the TMT sector with the electronics industry as the core under the trend of AI model from cloud to end industry, as well as the investment opportunities in the big finance, transportation and pharmaceutical industries brought about by the entry of medium and long-term funds. In addition, you can also pay attention to the investment opportunities in the high-dividend sector, the core equity product of allocation funds. GF**: The center of corporate earnings growth is expected to be repaired GF** research report said that the revenue of industrial enterprises above designated size increased by 6 percent year-on-year in November1%, 36 points. In the first 11 months of 2023, the cumulative profit of enterprises above designated size was -4 year-on-year4%, the annual negative growth is already a high probability. But judging by the current marginal changes, some positive signals are happening, and the period of the most profit pressure of the year has passed. Looking ahead, with the gradual improvement of exports, the use of additional treasury bonds after the year, and the launch of the "three major projects", the center of corporate profit growth is expected to be further repaired. Zhongyuan**: It is recommended to pay attention to investment opportunities such as software development, semiconductors, and communication services Zhongyuan** said that the current average price-earnings ratio of the Shanghai Composite Index and the ChiNext Index is 1160 times, 3142 times, which is below the median level in the past three years, and the market valuation is still in a low area, which is suitable for medium and long-term layout. The turnover of the two cities on Wednesday was 652.7 billion yuan, which was below the median daily trading volume in the past three years. The marginal improvement of the economy and the rebound of exports;CPI and PPI are running at a low level. U.S. jobs data was better, and Fed rate cut expectations were delayed. In the future, the stock index is expected to maintain a momentum pattern, while it is still necessary to pay close attention to the changes in policy, capital and external factors. We recommend investors** to focus on opportunities in sectors such as software development, semiconductors, communication services, and consumer. Shenwan Hongyuan: A-shares may exceed expectations in 2024, and there are still many policies to look forward to Wang Sheng, chief analyst of Shenwan Hongyuan Strategy, said that the market's expectations for the future are relatively low, which makes it easy to exceed expectations in 2024. In addition, Wang Sheng believes that in 2024, there are many policies to activate the capital market, improve the quality of listed companies, and attract medium and long-term funds to enter the market, and the continuous improvement of the quality of A-share listed companies will lay a solid foundation for the medium and long-term performance of the market.