The Political Bureau of the CPC Central Committee held a meeting on April 29 to analyze and study the current economic situation and economic work.
Boosted by this, the three major A-share indexes rose sharply in the afternoon, the gem index rose by more than 4%, and the Shanghai index recovered the 3000 point mark. Northbound funds also accelerated their admission in the afternoon. As of the close, the Shanghai Composite Index closed at 304706 points, up 2.41%; Shenzhen composite index reported 1102143 points, up 3.69%; The gem index was reported at 231914 points, up 4.11%.
On the disk, individual stocks generally rose, more than 4400 stocks in the two cities closed up, less than 300 stocks fell, and more than 300 stocks rose by the limit or rose by more than 10%. The turnover of Shanghai and Shenzhen stock markets today was 965 billion yuan, 119 billion yuan higher than that of the previous trading day.
A-Shares and Hong Kong shares rose together
northbound capital late trading accelerated bottom reading
this Politburo meeting made important decisions and arrangements on the current epidemic prevention and control, macro policies, real estate, platform economy and capital market, and released a series of heavy signals
Boosted by the policy news, A-Shares rose across the board in the afternoon, individual stocks showed a general upward trend, and Internet, semiconductor and other sectors rose one after another in the afternoon; The conceptual sectors such as education, meta universe and games have strengthened; Securities companies, real estate and other weight sectors were strong throughout the day.
Among the 31 Shenwan level industries, only coal, banking, agriculture, forestry, animal husbandry and fishery closed down slightly.
In terms of Hong Kong stocks, the Hang Seng technology index led the rise. As of press time, the Hang Seng technology index rose by more than 9%, and a number of Internet technology stocks such as jd.com, BiliBili, Alibaba and meituan all rose by more than 10%.
The RMB exchange rate continued to rebound. As of press time, the onshore RMB continued to rebound against the US dollar, recovering the 6.6 mark; The offshore RMB approached 6.62, rebounding significantly from the day’s low.
Northbound funds also accelerated their admission in the afternoon, changing the trend of net outflow in the morning. As of the closing, northbound funds had bought a net 4.246 billion yuan throughout the day and sold nearly 2.5 billion yuan in the morning. In April, northbound funds accumulated a net purchase of 6.301 billion yuan.
In early trading today, although the index is still in a weak shock pattern, some weight sectors have shown obvious signs of stabilization. For example, the performance of the Baijiu sector in the first quarter of the recent period was generally good, the performance of the Jiangsu Yanghe Brewery Joint-Stock Co.Ltd(002304) Hebei Hengshui Laobaigan Liquor Co.Ltd(600559) and other stocks rose by the limit.
keep the capital market running smoothly,
promote the healthy development of platform economy
Today afternoon, the sharp rise of the A-share market is closely related to the positive boost of policies.
Everbright Securities Company Limited(601788) chief macroeconomist Gao Ruidong said that the Politburo meeting responded to many recent market concerns and released a strong signal of stabilizing expectations and markets. Specifically, there are four main points: first, strengthen confidence and strive to achieve the expected objectives of economic and social development throughout the year; Second, the rigidity and support of housing; Third, promote and support the standardized and healthy development of the platform economy; Fourth, keep the capital market running smoothly.
Pang Ming, chief strategist of Huaxing capital group, said that from the expression of the Political Bureau’s analysis and study of the current economic situation and economic work, it is clearly required that the epidemic should be prevented, the economy should be stable and development should be safe. Subsequently, all parties will fully implement the triple requirements of “steady growth”, “epidemic prevention and control” and “returning social and economic activities to normal”.
“This will help us grasp the judgment of the highest level on the current economic situation, the thinking of the next key work and the deployment of supporting policies from an overall perspective.” Pang Ming said that next, the market will pay more attention to the timing, strength and effect of specific measures successively introduced.
capital market policies are favorable and frequent
It is also worth noting that after hours yesterday, China Clearing issued a notice on reducing the charging standard of stock transaction transfer fee. The brokerage sector showed strong performance throughout the day today, with The Pacific Securities Co.Ltd(601099) , Chinalin Securities Co.Ltd(002945) and Chinalin Securities Co.Ltd(002945) trading limits, and China stock market news up more than 8%.
According to the announcement, China Securities Depository and Clearing Co., Ltd. has decided to reduce the overall stock transaction transfer fee by 50% from April 29, that is, the stock transaction transfer fee will be charged from 0.02 ‰ of the transaction amount of A-Shares in Shanghai and Shenzhen market, 0.025 ‰ of the transaction amount of A shares in Beijing market and shares of listed companies, and uniformly reduced to 0.01 ‰ of the transaction amount.
Previously, CSDCC issued a lower charge standard for A-share transaction transfer fee in July 2015, which was officially implemented on August 1, 2015. At that time, the transfer fee for A-share trading was collected from the investors of the buyer and the seller respectively by Shanghai stock exchange according to the transaction face value of 0.3 ‰ and Shenzhen stock exchange according to the transaction amount of 0.0255 ‰, which was uniformly adjusted to be collected from the investors of the buyer and the seller according to the transaction amount of 0.02 ‰.
according to the statistics of China Industrial Securities Co.Ltd(601377) strategy team, csdct adjusted the stock trading transfer fee three times on April 30, 2012, August 2, 2012 and July 9, 2015. It can be seen from the performance of A-Shares after each round of adjustment in the resumption of trading: the reduction of transfer fees for three transactions in history has boosted the short-term market. On the day after adjustment and within the second trading day / the next three trading days / the next seven trading days, the average value of the rise and fall of A-Shares is positive.
Recently, policies to promote the smooth and healthy operation of the capital market have been intensively introduced China International Capital Corporation Limited(601995) said that recently, the central bank, China Securities Regulatory Commission, China Banking and Insurance Regulatory Commission, safe and other departments have made positive statements on the economic situation and capital market environment, and resolutely maintained economic and market stability. At present, the bottom characteristics have been shown in terms of policy, valuation, capital and behavior signals. Although the short-term market may still repeat, in the medium and long term, the opportunities gradually outweigh the risks. The undervalued “steady growth” field still has a certain allocation value.
