2021 is coming to an end. This year, bank financial management companies have strengthened investment and research capacity-building, increased equity investment, and equity financial products have emerged one after another, increasing their importance and voice in the A-share market.
Looking forward to 2022, the bank financial management company said that it is expected that the liquidity of the A-share market is abundant and the structural market will continue. Optimistic about investment opportunities in new energy and consumer industries, semiconductor, new infrastructure, medicine and other industries are also worth looking forward to.
structural market is expected to continue
In terms of market liquidity, Huihua wealth management expects that in 2022, there will be a trend migration of residents' property to the capital market, the general trend of additional allocation of Chinese assets by overseas funds will be maintained, and the overall liquidity of the A-share market is good. Suyin financial also said that the general trend of residents' asset allocation inclined to equity assets will not change.
Companies are optimistic about the A-share market. Everbright financial said that it was moderately bullish on the A-share market in 2022. It is expected that the CSI 300 index will have about 8% upward space in 2022. Bank of Jiangsu financial management said that it is expected that there will be no trend opportunity in the stock market in 2022, and the probability will maintain a wide fluctuation pattern. Affected by the policy rhythm, it is expected that the annual investment opportunities will be relatively concentrated in the first half of the year. Industrial Bank Co.Ltd(601166) Xu Hanfei, chief bond strategist of financial market business and chief analyst of xingyin financial research, said that it is expected that the stock market may still be a "structural bull market" in 2022.
optimistic about new energy and consumption sector
Under the structural market expectation, a number of bank financial management companies said they were optimistic about the long-term prosperity represented by new energy and consumer sectors.
Suyin financial said that benefiting from the implementation of the steady growth policy, it is expected that the stock market style at the beginning of 2022 will be dominated by the market style, focusing on opportunities in the real estate industry chain, new and old infrastructure and other sectors, and the industry will pay attention to real estate, household appliances, finance, power and railway. In addition, new energy and consumption are long-term boom tracks. After high performance growth and moderate digestion of overvalued values, it is expected that they will still have configuration value in 2022.
Everbright financial is also optimistic about new energy and consumer industries. On the one hand, the prosperity of new energy and semiconductor will decline relatively in 2022, but the absolute prosperity is still outstanding. On the other hand, the absolute prosperity of consumption has improved moderately, and the good competition pattern has re highlighted the advantages of the consumption sector.
Huihua financial management said that these investment directions are expected to achieve excess returns in 2022: first, the new energy industry chain under the "double carbon" goal; Second, scientific and technological innovation under the background of high-quality development (semiconductor materials, analog chips, alot, automotive electronics, military materials, etc.); Third, consumer goods industry, especially consumer goods combined with rural demand; Fourth, band investment opportunities for some high-quality companies in the middle and upper reaches.
A person from a bank financial management company told the China Securities Journal that from the perspective of valuation, the safety margin of the pharmaceutical sector is high. The pharmaceutical sector deserves attention in 2022, including the CXO sector.
According to the data of the banking financial management registration and custody center, by the end of June 2021, bank financial products had invested 1.17 trillion yuan in equity assets, accounting for 4.08% of the total assets of 28.68 trillion yuan. Industry insiders said that the bank's financial equity investment will be further improved in 2022.
(China Securities Journal)
