The index trend continued to be dismal, but the northbound did not smash the market in the past two days. Is it ** or ** forex leveling ** entry?
Three of the four major indices continued to hit new lows:
But Northbound, which has always been known for its "smart money", has not followed the smash in the past two days. Yesterday the northbound bought 1.7 billion, and today I bought 3.7 billion.
In the past six months, the northbound attitude of capital outflow has been very resolute, and even faintly shows "discrimination" against Chinese assets, and it is determined to run. Yesterday's and today's big fall, the northbound did not add fuel to the fire, is it quietly**? Or is it that foreign exchange is reflowing in a northbound channel?
A small essay circulating in the market on January 23:
According to Bloomberg, citing sources, "China is studying a number of support measures to maintain the operation of the capital market." Among the measures considered is the establishment of a levelling standard of about RMB2 trillion**, which plans to use funds mainly from institutions outside China to invest in the A** market through Shanghai-Hong Kong and Shenzhen-Hong Kong Stock Connect.
It is analytically feasible for foreign exchange to enter A-shares through the northbound channel.
The national team we often refer to Huijin Company, Securities Company, National Team Public Offering**, Social Security**, Sycamore Tree Investment of the State Administration of Foreign Exchange, etc. In 15 years, the sycamore tree under the State Administration of Foreign Exchange also made a move.
In fact, in recent years, under the background of the Federal Reserve's interest rate hikes, the export receipts of state-owned enterprises and overseas project funds are not directly settled, but are placed in the overseas branches of Chinese banks to buy US dollars and eat interest. If the Fed is expected to cut interest rates and the renminbi appreciates this year, there is a reasonable case for converting the dollar back into the renminbi. On the one hand, it should respond to exchange rate changes in advance, and on the other hand, selling the US dollar against the yuan will further push up the value of the yuan.
Starting from the idea of the above small essay, this big foreign exchange money is a decision to kill two birds with one stone through Hong Kong. As for whether there is so much as 2 trillion, it is not yet possible to see the scale of the volume.
Whether it is the North in the near future, or the national team is doing its duty, it is at least a good sign. Combined with the recent re-attribution of the four major AMCs (asset management companies), which were born for the disposal of non-performing assets by state-owned banks, and are now transferred to CIC, which is engaged in foreign exchange investment, can be said"Border troops enter the customs".Is it? Is it going to be a "big move" next?
It's also very helpless to think about it, ** to get to this point, you have to rely on analyzing clues to find confidence, when will there be another "Great Miracle Day"?