Long-term funds are actively entering the market. Recently, listed companies, social security, Huijin, public offerings and other types of funds have been laid out and gradually increased their efforts to enter the market. Among them, hundreds of listed companies announced repurchase and increase their holdings, and a large number of public and private ** companies announced that they would purchase their products with their own funds, demonstrating their confidence in the long-term investment opportunities of A-shares. In the process of investment, how to improve the scientific level of investment decision-making and improve the enthusiasm and stability of investment has become an important issue worth considering.
In this context, the expert think tank represented by Kaisheng Rongying, as an important branch type of non-governmental think tank, relies on the market information and expert resources gathered, through real-time communication, remote meetings and ** Resource sharing and other diversified ways help enterprises to establish efficient connections with domain experts, so as to provide enterprises with professional investment advice and accurate system solutions, not only with high-quality information consulting services for scientific investment decision-making, but also help to form new quality productivity, for the steady development of the capital market to create new momentum and new advantages.
Multiple positive signals emerge, high-quality expert think tanks to help the steady development of the market
In recent years, the financial supply-side reform has promoted long-term incremental funds to actively enter the market, and equity assets have ushered in the first window period of allocation. On the one hand, the pace of two-way opening up of the capital market has been further accelerated, China's attractiveness to overseas investors has been continuously enhanced, and long-term investors represented by foreign capital have continued to flow into A-shares, gradually increasing their investment in China and deepening their cultivation of the Chinese market.
On the other hand, in addition to the intensive self-purchase of head public offerings such as Huaxia**, China Merchants**, and E Fund**, more positive signals have appeared on the capital side. ETFs have become an important tool for capital allocation, and commercial insurance companies will also strengthen long-term assessment and increase equity investment, which is expected to introduce more long-term funds into the capital market and promote the continuous improvement and optimization of the market investor structure.
CITIC Chief Economist Ming Ming said that the scale of China's capital market continues to expand, and medium and long-term funds can provide the market with large and stable funds, and its proportion in the equity market can be increased, which can better play the role of market "stabilizer" and reduce the risk of short-term market fluctuations.
The activity of the capital market has also boosted the confidence of foreign institutions in the development of the A** market. Wang Zonghao, head of strategy research at UBS China, pointed out in the latest China strategy report that the MSCI China Index is expected to have 15% of the space in 2024, which not only reflects foreign investors' optimism about the medium and long-term investment value of assets, but also shows their good expectations for China's economic recovery prospects.
With the continuous increase of long-term incremental funds, the transparency and information disclosure of the financial market have become the basic conditions and necessary means for the normal operation of the market and the protection of investors' rights and interests. In February 2023, the China Securities Regulatory Commission (CSRC) issued rules for the full implementation of the registration-based issuance system, abolishing the original review system and adopting an information disclosure system instead. According to the statistics of Flush iFinD, as of November 6, since the beginning of this year, 106 A-share listed companies have issued 109 announcements that the company or related parties have been investigated by the China Securities Regulatory Commission, involving 79 violations of laws and regulations, among which a listed medical company was given a warning and fined a total of 9.5 million yuan due to large-scale financial fraud and failure to disclose related party transactions as required for many years.
This also means that the information disclosure norms of enterprises will usher in stricter supervision, and the information environment of the financial market will also receive more and more attention from relevant departments. In this situation, expert think tanks, as one of the important service subjects to meet the needs of effective information and assist scientific investment decision-making, have shown great development potential. Taking Kaisheng Rongying as an example, it brings together rich human resources, and through the scientific and professional expert investment and research system, it can increase the verifiability of information disclosure and financial reports, make up for the problem of insufficient information, and help enterprises allocate resources more wisely, avoid risks, and achieve better return on investment.
It is worth mentioning that the drivers of value include investor sentiment, cognitive level, momentum and other aspects. Especially in the face of the in-depth adjustment of the market stage, it is more necessary for enterprises to accurately grasp market trends, make up for market information gaps, and make correct and scientific investment decisions.
From this point of view, the expert think tank continuously improves the scientificity and accuracy of investment decision-making by providing information consulting services such as the necessity of project investment, program feasibility and risk controllability, so that major projects, key enterprises and important industrial chains can create more value, and can guide investors to practice long-term investment and rational investment concepts from a deeper level, stabilize investor sentiment, and improve investors' cognitive level, so as to help the long-term stable development of the capital market.
At the moment of high-quality development of the financial market, the new potential energy of medium and long-term incremental funds entering the market is accumulating, and the ecological pattern of benign interaction between the capital market and medium and long-term funds is accelerating, which not only demonstrates the resilience of China's economy, but also indicates the greater development potential of the expert think tank industry. Facing the future, the strength and validity of the information services of expert think tanks will surely go deeper, and effectively promote the steady, standardized and efficient operation of China's financial market.