Securities China News Agency on April 12, Yang Zhe of Tongtai Fund said that at present, the A-share market has reached the stage where most of the growth stocks are not expensive and the value stocks in some industries are stimulated by policies to open up room for rise, and the medium and long-term allocation value is prominent. Investors are advised to be patient. Every major market adjustment is a good opportunity for high-quality enterprises in the medium and long term to share their growth.
Yang Zhen pointed out that based on the following four points, from the medium and long-term perspective, he is still very confident in the sustained prosperity of the economy and Industry: 1. The rising international and Chinese resource products and Shenzhen Agricultural Products Group Co.Ltd(000061) prices have reached a stage that is unbearable for the world; The global currency is shrinking in stages, and output and investment are gradually recovering. Therefore, the marginal impact of high upstream prices is weakening and will gradually subside in the future; 2. The upside down of China US Treasury bond yields will last for some time, but not for long; China's long-term growth rate continues to be higher than that of the United States. After the contraction of the Federal Reserve, with the decline of the U.S. economic growth rate, it will start easing again, the yield of U.S. Treasury bonds will tend to decline, and the general trend of continuous international capital inflow into China will not change for many years; 3. There is still a lot of room for adjustment tools and policies in China. There are many options for adjustment methods that can be used. They will be introduced at the right time to support the economy through a short period of adjustment; 4. From a global perspective, many industries in China are continuously competitive, such as new energy industry chain, electric vehicle industry chain, progressive and rising advanced manufacturing industry, electronic industry, biomedical industry, etc.
