On February 6, the collective sharply lower A-shares ushered in a positive situation, ** Huijin issued an announcement saying that ** Huijin fully recognized the current A** field allocation value, has recently expanded the scope of exchange-traded open-end index ** (ETF) holdings, and will continue to increase the intensity and scale of holdings, and resolutely maintain the smooth operation of the capital market. Affected by this, A-shares rebounded, and the three major stock indexes successfully turned up, and the index rose by more than 3%.
From the perspective of plates, medicine and biology, food and beverage, and non-ferrous metals rose first, while real estate and textiles and apparel led the two cities.
From the point of view, wind shows that there are more than 1,700 in the two cities and more than 3,500 in the two cities. As of press time, the net inflow of northbound funds exceeded 1.1 billion yuan.
Recently, A-shares have been frequent. On the evening of February 6, the China Securities Regulatory Commission said that manipulating the market to maliciously short-sell, seriously eroding the people's "money bags", has stood on the opposite side of all shareholders, disrupting the normal rhythm of healthy and stable operation. The China Securities Regulatory Commission will maintain a high-pressure posture of "zero tolerance", resolutely crack down, and let those who dare to manipulate illegally and maliciously short sellers "go bankrupt and sit in prison". In this warning, don't defy the law and take chestnuts from the fire.
In addition, the China Securities Regulatory Commission answered reporters' questions on February 5 on the relevant situation of ** pledge. The China Securities Regulatory Commission said that it will guide brokerages and other institutions to increase the flexibility of the liquidation line and promote the smooth operation of the market. Judging from the data of the Shanghai and Shenzhen stock markets, the total amount of ** pledge default liquidation since the beginning of this year is 2740320,000 yuan, accounting for a small proportion of the daily turnover of the market.
Guotai Junan said that the current low inflation and weak demand continue, and the interest rate trend in 2024 is expected to be inverted n-shaped: interest rates may continue to fall slightly at a low level before the second quarter, but the interest rate may decline slightly under the requirements of accelerating the payment of ** bonds and preventing capital idling. In the second half of the year, overseas interest rate cuts will start a cycle, and exports may improve. At the same time, the steady growth policy will continue to exert force, and the economy may gradually recover in the third quarter, and interest rates may turn upward, and fall slightly in the fourth quarter. In terms of fixed income allocation, we will focus on pure debt strategy in the short term, and value style fixed income +. If the economic recovery in the second quarter is good, you can pay attention to the growth style fixed income+.
CITIC ** believes that the current A** field once again fell into the process of liquidity cycle chain negative feedback, which has little to do with the domestic economic fundamentals and external factors disturbance, the deterioration of the trading ecology is the main reason, February is an important observation period to block the negative feedback or continuous release of risks, and there must be a strong external intervention or reversal of the expected actual policy measures to restore market confidence. In terms of allocation, it is currently recommended to continue to focus on high-quality bonus blue chips. There is a kind of "leveling" to support the bottom, the conservative position adjustment of institutions and the low-volatility and high-dividend sectors of central enterprises catalyzed by the assessment reform of the State-owned Assets Supervision and Administration Commission are the main lines of the most consensus at present. After the negative feedback is blocked, it is recommended to continue to pay attention to the high-performing blue-chip varieties in the technology, pharmaceutical, and new energy sectors whose valuations have been further revised down due to liquidity shocks in the early stage.
*Huijin Investment Co., Ltd. is a wholly state-owned company funded by the state in accordance with the Company Law of the People's Republic of China. In December 2003, ** Huijin Company was established, headquartered in Beijing, on behalf of the state to exercise the rights and obligations of investors in key financial enterprises such as state-owned commercial banks in accordance with the law. In September 2007, the Ministry of Finance issued special treasury bonds to purchase the entire equity interest of ** Huijin from the People's Bank of China, and injected the above equity into CIC as part of its capital contribution to China Investment Corporation Limited (hereinafter referred to as "CIC"). **The duties of an important shareholder of Huijin Company are exercised by ***. **The members of the board of directors and the board of supervisors of Huijin Company are appointed by *** and are responsible for ***.
*Huijin Company makes equity investment in key state-owned financial enterprises according to the authorization of the state, and exercises the rights of investors and fulfills the obligations of investors on behalf of the state in accordance with the law on behalf of the state to achieve the preservation and appreciation of state-owned financial assets. **Huijin Company does not carry out any other commercial business activities and does not interfere in the daily business activities of key state-owned financial enterprises controlled by Huijin.
As of December 31, 2022, **Huijin Company Holding and Shareholding Entities include China Development Bank, Industrial and Commercial Bank of China Shares***Agricultural Bank of China Shares***Bank of China Shares*** China Construction Bank Shares***China Everbright Group Co., Ltd., China Export & Credit Insurance Corporation, China Reinsurance (Group) Co., Ltd., China Jianyin Investment Co., Ltd., China Galaxy Financial Holdings Co., Ltd., Shenwan Hongyuan Group Shares***Xinhua Life Insurance Shares***China International Capital Shares***Hengfeng Bank Shares***Hunan Bank Shares***China Securities Construction Investment**Shares***China Galaxy Asset Management Co., Ltd., Guotai Junan Investment Management Shares***
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