On February 6, A-shares were boiling and rising like a rainbow. The Shanghai Composite Index rose more than 3% throughout the day, once recovering 2,800 points during the session.
In the past few days, the China Securities Regulatory Commission has spoken out intensively on market concerns such as "two integrations", severe punishment of malicious short-selling, and fraud. All parties actively protect the market, the market continues to be positive, A-shares have changed the decline, major stock indexes have risen sharply across the board, more than 3,800 ** companies, and the full-day turnover has exceeded 920 billion yuan.
As of Feb. 6**, the Shanghai Composite Index rose 323% to close at 278949 points; The Shenzhen Index rose 622% to close at 846038 points; The GEM index rose 671% to close at 166745 points. In addition, the Beijing Stock Exchange 50 Index rose 950% to close at 81441 points; The STAR 50 Index rose 650% to close at 72080 points.
On the morning of the same day, ** Huijin Company announced that it fully recognized the value of the current A** market allocation, and has recently expanded the scope of exchange-traded open-end index ** (ETF) holdings, and will continue to increase its holdings, expand the scale of its holdings, and resolutely maintain the smooth operation of the capital market. For the re-sale of the "national team" funds, the spokesman of the China Securities Regulatory Commission said that at present, the valuation level of the A** field is at a historical low, and the medium and long-term investment value is highlighted, which has been fully recognized by investment institutions including ** Huijin Company. "We firmly support ** Huijin Company to continue to increase the scale and intensity of its holdings, and will create more convenient conditions and smoother channels for its market entry operations. ”
The national team's move and the CSRC's statement have greatly boosted market confidence. Yang Delong, chief economist of Qianhai Open Source, said that this will help change the downward trend of the market, resolve the possible liquidity crisis, and drive the market to come to the extreme. He suggested that the "national team" should increase its efforts to rescue the market, not only to support the market, but also to pull the index up and form an upward trend. It is not only necessary to buy ** ETFs such as CSI 300 and SSE 50, but also to allocate indices representing small and medium-sized caps such as the ChiNext Index and the Science and Technology Innovation Board Index.
The China Securities Regulatory Commission also said that it will continue to coordinate and guide various institutional investors such as public offerings, private placements, companies, social security, insurance institutions, and annuities to enter the market more vigorously, encourage and support listed companies to increase their repurchase and increase their holdings, introduce more incremental funds for the A** market, and make every effort to maintain the stable operation of the market.
In fact, recently, the broad-based index** represented by the SSE 50, CSI 300, CSI 500 and CSI 1000 has received a large number of institutional capital layouts. ChinaAMC believes that the medium and long-term fund layout ETF sends a positive signal to the market, which reflects the importance of the top management to the stable development of the capital market, which is conducive to the repair of short-term market sentiment and the improvement of risk appetite.
Following the previous day's response to business risks such as financing and pledge, on the afternoon of February 6, the spokesperson of the China Securities Regulatory Commission spoke again on the market securities lending business to further dispel market doubts. The China Securities Regulatory Commission (CSRC) has proposed three measures to further strengthen supervision over the securities lending business: first, suspend the scale of new refinancing securities, with the balance of existing refinancing securities as the upper limit, suspend the scale of refinancing securities of new ** companies in accordance with the law, and gradually close the stock; The second is to require the company to strengthen the management of customer trading behavior, and strictly prohibit the provision of securities lending to investors who use securities lending to implement intraday rotation trading (disguised T+0 trading); Third, we will continue to strengthen supervision and law enforcement, and will crack down on illegal activities such as improper arbitrage through the use of securities lending and borrowing transactions in accordance with the law to ensure the smooth operation of securities lending and borrowing business.
* Beijing ** client |Reporter Sun Jie.
Edited by Kuang Feng.
Process Editor: Ma Xiaoshuang.