Concentrated release of good, four major news came in the early hours of this morning (130）！
1. Since the beginning of the year, A-shares have continued to be the most valuable, and the valuation has reached a historical low.
According to the data, as of January 17, 23 ** have completed the New Year's early fundraising, including 8 **type ** and 13 bond **! Judging by the data, bonds** are clearly more popular, and the current 30-year Treasury bonds*** continue to hit record highs. The increase in the past three months has exceeded 5%, which shows that there is a strong risk aversion in the demand for funds! However, the current regulatory direction requires the issuance of ** type ** and then the issuance of debt **, which obviously hopes to stabilize market confidence and is very optimistic about the current opportunities for low valuation allocation.
Second, the China Securities Regulatory Commission once again emphasizes the concept of investor-oriented.
Starting from maintaining market fairness, we systematically sort out and evaluate the main institutional arrangements of the capital market, focusing on improving the regulatory rules such as issuance pricing, quantitative trading, and lending, and clearly reflect the priority of protecting rights and interests. Protect the interests of investors, especially small and medium-sized investors. At the same time, we will further implement a comprehensive punishment system for cracking down on counterfeiting in the capital market, and intensify the investigation and handling of cases of fraudulent issuance, financial fraud, market manipulation, and insider trading. Improve the efficiency of investigation and case management.
3. The whole chain of IPO is strictly supervised and income is strictly controlled.
Promote the deepening and solidification of the first-class issuance and registration system, strengthen the supervision of the whole chain of issuance and listing, and evaluate and improve the relevant arrangements of the mechanism. On January 26, the CSRC's 2024 system work conference mentioned.
According to the analysis of the interviewees, the core of the supervision of the whole chain of issuance and listing is to strictly control the funds raised by IPOs and control the quality of listed companies from the source.
Strengthen the supervision of the whole chain of issuance and listing, improve the accuracy of review and inquiry, adhere to the principle of "declaration is responsibility", and strictly verify and deal with enterprises and related intermediaries that "break through with illness".
Fourth, the addition of good news will have a certain boost to confidence and expectations. In particular, banks and other financial sectors are not only good news, but also the favor of funds going north, which amplifies the short-term trend of the Shanghai Index.
In addition, since 2024, the Shanghai Composite Index has been continuously **, with a single-needle bottoming trend at 2,724 points, showing signs of resilience and stabilization of the market. From a technical point of view, after the Shanghai Composite Index fell below the low point in December last year and entered the oversold area this year, there is also a certain demand for technical **.
In terms of trading volume, the Shanghai Composite Index saw an increase in trading volume last Friday, indicating that the market is active. There is also a longer lower shadow support on the weekly timeframe**, and the technical signal of change has arrived, and in favourable conditions, the technical ** provides stronger support.