On March 16, the three major morning trading shocks fell, and in the afternoon, driven by the financial, wine and other sectors, the Shanghai index rose by more than 3%, the Shenzhen Composite Index rose by more than 4% to recover 12000 points, and the gem index rose by more than 5% to recover 2600 points; The transaction volume of the two cities has been enlarged, with a full day transaction of nearly 1.2 trillion. The net purchase of funds from the North once exceeded 2 billion yuan in the afternoon, and turned into a net outflow again in the late trading.
As of the close, the Shanghai index rose 3.48% to 317071 points, the Shenzhen Composite Index rose 4.02% to 1200096 points, and the gem index rose 5.2% to 263508 points; The total turnover of the two cities was 1192 billion yuan, and the net capital outflow from the North was about 80 million yuan.
On the disk, the tourism sector lifted the limit tide, and securities companies, aviation, semiconductors, software, nonferrous metals, power, real estate, insurance, banking, wine and other sectors all strengthened. Electronic identity, lithium ore, lithium battery and the concept of counting East and West are active, while the trend of covid-19 detection and covid-19 drug concept is weak.
In terms of news, according to Xinhua news agency, on March 16, the financial stability and Development Commission of the State Council held a special meeting to study the current economic situation and capital market problems. The meeting pointed out that under the current complex situation, the most critical thing is to adhere to the principle that development is the first priority for the party to govern and revitalize the country, focus on economic construction, deepen reform and expand opening-up, adhere to the principles of marketization and rule of law, adhere to the “two unwavering”, earnestly protect property rights, and fully implement the spirit of the central economic work conference and the deployment of the national “two sessions”, We will coordinate epidemic prevention and control and economic and social development, keep the economy running within a reasonable range, and keep the capital market running smoothly.
The meeting stressed that relevant departments should earnestly assume their responsibilities, actively introduce policies conducive to the market and prudently introduce contractionary policies. We should respond to the hot issues concerned by the market in a timely manner. All policies that have a significant impact on the capital market should be coordinated with the financial management department in advance to maintain the stability and consistency of policy expectations. The financial commission of the State Council will strengthen coordination and communication according to the requirements of the Party Central Committee and the State Council, and hold accountable when necessary. Financial institutions must proceed from the overall situation and firmly support the development of the real economy. Long term institutional investors are welcome to increase their shareholding ratio. All parties must deeply understand the great significance of the “two establishment”, resolutely achieve the “two maintenance”, maintain the long-term trend of China’s healthy economic development, and jointly maintain the stable development of the capital market.
Huaan Securities Co.Ltd(600909) said that during the wrestling process of internal policy reinforcement and external risk constraints, the market volatility has been amplified, and the allocation has been handled in a balanced manner. Looking forward to the third stage of market growth in the medium-term investment opportunities. On the whole, the industry configuration continues three main lines and two themes. Main line 1: the stable growth sector with strong policy certainty is the weakest constrained by external risks and can be used as a ballast for short-term balanced response. Pay attention to new and old infrastructure fields such as building materials, building decoration, urban pipe network transformation and new power grid construction, as well as real estate and banks with the initial reversal of the recent boom. Main line 2: do a good job in the opportunity layout of pulling out the valuation market in the third stage of medium-term growth. First, the growth structure continues to be strong and strong, and pay attention to double carbon, new energy (vehicles), scenery storage and electronic semiconductors. Second, national defense and military industries and computers that have the potential to benefit from valuation proliferation. Main line 3: in terms of consumption, continue to look at the overall opportunities of the pharmaceutical sector under the catalysis of many benefits, and pay attention to the opportunities related to dairy products, planting industry and chemical fertilizer with smoother price rise in the medium and long term; In terms of theme, we will continue to pay attention to investment opportunities related to the digital economy and the reform of state-owned enterprises
focus
Liu he presided over the meeting of the financial committee of the State Council to study the current situation
On March 16, the financial stability and Development Commission of the State Council held a special meeting to study the current economic situation and capital market problems. The meeting was presided over by Liu He, member of the Political Bureau of the CPC Central Committee, vice premier of the State Council and director of the finance committee, and comrades in charge of relevant departments attended the meeting.
The meeting pointed out that under the current complex situation, the most critical thing is to adhere to the principle that development is the first priority for the party to govern and revitalize the country, focus on economic construction, deepen reform and expand opening-up, adhere to the principles of marketization and rule of law, adhere to the “two unwavering”, earnestly protect property rights, and fully implement the spirit of the central economic work conference and the deployment of the national “two sessions”, We will coordinate epidemic prevention and control and economic and social development, keep the economy running within a reasonable range, and keep the capital market running smoothly.
Relevant issues were studied at the meeting. With regard to macroeconomic operation, we must implement the decision-making and deployment of the Party Central Committee, earnestly invigorate the economy in the first quarter, actively respond to monetary policies, and maintain a moderate growth in new loans. With regard to real estate enterprises, we should timely study and put forward effective risk prevention and resolution solutions, and put forward supporting measures for the transformation to a new development model. With regard to China concept shares, at present, the regulatory authorities of China and the United States have maintained good communication, have made positive progress, and are working to form a specific cooperation plan. The Chinese government continues to support all kinds of enterprises to list abroad. With regard to the governance of platform economy, relevant departments should improve the established plan in accordance with the principles of marketization, legalization and internationalization, adhere to seeking progress in stability, steadily promote and complete the rectification of large platform companies as soon as possible through standardized, transparent and predictable supervision, and set up red and green lights to promote the steady and healthy development of platform economy and improve international competitiveness. We should strengthen cooperation between Hong Kong and the mainland on financial market stability.
The meeting stressed that relevant departments should earnestly assume their responsibilities, actively introduce policies conducive to the market and prudently introduce contractionary policies. We should respond to the hot issues concerned by the market in a timely manner. All policies that have a significant impact on the capital market should be coordinated with the financial management department in advance to maintain the stability and consistency of policy expectations. The financial commission of the State Council will strengthen coordination and communication according to the requirements of the Party Central Committee and the State Council, and hold accountable when necessary. Financial institutions must proceed from the overall situation and firmly support the development of the real economy. Long term institutional investors are welcome to increase their shareholding ratio. All parties must deeply understand the great significance of the “two establishment”, resolutely achieve the “two maintenance”, maintain the long-term trend of China’s healthy economic development, and jointly maintain the stable development of the capital market. (source: Xinhua News Agency)
