Core view
On Monday, the Shanghai and Shenzhen stock markets opened slightly higher. Near midday, the increase of market points in the two markets once exceeded 1%. The trading volume of the two markets was generally stable on the same day, and the closing price of the day had little change compared with the previous trading day.
The K value, J value and D value in the daily K-line chart of Shanghai and Shenzhen stock markets are currently stuck together. The market has not released obvious trading signals. Without policy stimulus, it is expected that the market index will continue to be in shock and adjust the market during the year.
In terms of market, the steady progress of the reform of registration system has widened the channels of equity financing for more enterprises. Under the registration system reform with information disclosure as the core, securities companies need to compact the responsibilities of intermediaries and stick to the work of “gatekeeper” in the capital market.
In terms of securities companies, the supply of securities sources has increased significantly, injecting new vitality into the securities lending business of securities companies. This requires that securities companies should actively establish cooperative relations with many securities source institutions, effectively match the supply and demand sides of securities sources, and improve the use efficiency of securities sources.
Risk tip: the hot spot switching frequency is too fast, and the pace of market reform is accelerated
Market Review
On Monday (December 13), the Shanghai and Shenzhen stock markets opened slightly higher, and the future trend was uncertain. As of the close, the Shanghai Stock Index (0.40%) closed at 3681.08 points, the Shenzhen Component Index (0.67%) closed at 15212.49 points, and the gem index (0.87%) closed at 3496.96 points. The turnover of the two markets was 1.2707 trillion, and the net purchase of funds from the North was 5.366 billion. About 1 / 2 of the 28 industries of Shenwan class I rose, and the media (Shenwan) and Building materials (Shenwan) and public utilities (Shenwan) led the rise, while banks (Shenwan), real estate (Shenwan) and national defense industry (Shenwan) led the decline. Broker II rose 0.83%, about 1 / 2 of 44 listed brokers rose, Chinalin Securities Co.Ltd(002945) , Zheshang Securities Co.Ltd(601878) , East Money Information Co.Ltd(300059) led the rise, and China Greatwall Securities Co.Ltd(002939) , Caida Securities Co.Ltd(600906) , Caitong Securities Co.Ltd(601108) led the decline.
Key news attention
The reform of the registration system continues to expand and inject more vitality into economic development.
Insurance funds were allowed to participate in securities lending business, and the supply of securities sources increased significantly.
