The three major indexes continued to fall heavily in the afternoon, and as of **, the Shanghai Composite Index fell 092% fell below 2,900 points, and the Shenzhen Component Index fell 206%, GEM refers to **349%, continuing to hit a new low for adjustment. The two cities fell generally, with more than 4,800; The turnover of the two cities was 805.2 billion yuan, a decrease of 23.8 billion yuan from the previous day, and the northbound funds sold a net of 5 throughout the day9.2 billion yuan, and 408 million domestic capital fled600 million yuan.
On the disk, the market sentiment is extremely poor, the weight of the Chinese word is stable, and the theme concept is collectively hitting the street. The two cities only have a strong performance in the concept of state-owned assets reform of central enterprises and central enterprises; Shanghai local stocks continue to be strong; High-dividend sectors such as banking, electricity, and liquor strengthened; The new stocks and the near-end new stocks strengthened, and C Maxim once rose nearly 50%.
Investor confidence should be built and restored quickly Now is the time to suspend IPOs, major shareholders** and refinancing of listed companies to establish leveling**. An article in the China Economic Times pointed out that since the beginning of 2024, China's performance has been sluggish, and the Shanghai Composite Index has recently reached a minimum of 2,724 points. Under the frequent statements of the regulatory authorities and the "care" of relevant favorable policies, the Shanghai Composite Index returned to above 2,900 points on January 26.
Wang Changyun proposed that, first of all, before investor confidence is basically restored, IPOs, major shareholders and refinancing of listed companies can be postponed to alleviate the imbalance between supply and demand in the secondary market.
Secondly, encourage "national teams" such as social security, ** Huijin, and securities companies to enter the market to increase their holdings of A-shares, and appropriately relax the restrictions on the holding of equity assets by insurance companies.
Again, establish market leveling. Establish levelling when the first two measures are not sufficient to stabilize the market and restore investor confidence**.
The hype direction of the special valuation - gold special valuation, kit valuation, weekly special valuation, and cote valuation
Jinte valuation direction: China Army and PetroChina Capital.
Banks: China CITIC Bank, Bank of China, Bank of Xi'an, Bank of Communications.
Insurance: Ping An, Chinese Life, Chinese Insurance, China Pacific Insurance.
Brokers: China Galaxy, CICC, CITIC**, Bank of China**.
Comprehensive Finance: CNPC Capital, AVIC Industry and Finance, COFCO Capital, Gold Securities Shares.
Direction of large infrastructure (Kit estimate):
China Construction, China Communications Construction, China Railway, China Railway Construction, CRRC, China General Number, China Energy Construction, China General Number, China Railway Assembly, etc.
Cyclical stocks (weekly special valuation) direction:
Three barrels of oil: PetroChina, Sinopec, CNOOC.
Iron and steel: Baosteel, Valin Steel, Bayi Iron and Steel.
Coal: China Shenhua, China Coal Energy, Yankuang Energy.
Electricity: Yangtze Power, China Power, Three Gorges Energy.
Power equipment: NARI, China XD.
Media & Entertainment: China Science Communication, China Publishing, CITIC Publishing, China Television Media, Chinese Media, China Film.
Military industry: AVIC Survey, CSSC Technology, China Shipbuilding, CSSC Hanguang, Zhongzhi Co., Ltd., AVIC Shenfei, AVIC Xifei, Hangfa Power, China Satcom, China Satellite.
Pharmaceutical: China Pharmaceutical, Sinopharm Accord, Sinopharm: China Software, Sugon, Inspur Information, iFLYTEK.
Cotter Direction of Estimation:
Communications: China Mobile, China Unicom, China Telecom, ZTE.
Computers: China Software, Sugon, Inspur Information, iFLYTEK.
Chips: SMIC, North Huachuang, AMEC, CLP Port.