2014-09-17

Xinhua: The Stock Market Is Safe, Foreigners Are Buying, Bull Market Is Here

....institutional investors, foreign institutions and even "national" social insurance funds are flocking to buy the dips.....

新华社17日再发两文挺股市:股市安全 看好股市行情

Xinhua News Agency: Security bullish stock market stock market

With the A-share market ushered in a long absence, moving up, various agencies running admission. The board's recently released data show that in the first seven months of 1128 the two cities a total increase of billions of dollars of assets accounts, of which only six or seven months, billions of dollars of assets accounts of institutions and individuals has increased by 638, representing year ago 57% 7 months total.

As the main force driving the current round of market prices - institutional investors, foreign institutions and even "national" social insurance funding are flocking to buy the dips, Opening, incremental funding continued admission.

Fund Opening: both value and growth stocks

"Recently, we position the Fund's played more full. Because of fear of the market is too fast, he still is not completely good layout." Private equity general manager Chen Jiwu in early July 基金凯 Stone's words revealed his recent months Quotes promising.

Recalling the trend of A shares since the third quarter, the Shanghai Composite Index [ 0.49% ] and the Shenzhen Component Index [ 0.77% ] quickly pulled two consecutive waves stock market makes up more than 13% and 10% respectively. In the dawn of the bull market is coming good expectations, institutional activity also will be increased dramatically.

A survey shows that since July Opening the way private and public funds. August positions in private equity funds accounted for more than Qi Cheng reached 88.89 percent, an increase of 19.66 percentage points from the previous month; public fund is close to 88 percent of high, some even up to ninety percent.

HSBC Jintrust Fund Manager Wang made it clear that their management of Dragon Fund and the Dynamic Strategy Fund coming period will be to maintain a high level positions, and consider both types of value stocks and growth stocks stock investment opportunities.

In Wang seems, Shanghai and Hong Kong through the introduction of low-cost overseas funds into the market, which will benefit the valuation of fixed value stocks; but from small board and GEM, despite valuations already at a high level, but those with transition policies to promote the industry, as well as their strong growth momentum of listed companies may still have performance.

A hot stock market also makes a sharp rise in the number of institutional accounts. The board's data showed the public fund in August this year, the new stock accounts reached 134, a change this year has been in a "double-digit" state. Fund account in August the number of new accounts reached 459, breaking the April and July this year, 438 to open an account record.

Foreign sweep goods: Choose transparent blue chips

Shanghai and Hong Kong is expected to start and advance through a series of reforms China has stirred the international capital pools. From early April through Hong Kong and Shanghai was officially on the agenda so far few months, foreign investors flocking.

"A passion for foreign capital investment in shares completely exceeded expectations, fund size RQFII, QFII and other surge in growth in some products more than ten times the size." Researcher Dr Bo said, April 1 to September 1, all 15 RQFII scale from 4.185 billion to $ 7.906 billion copies of copies, a net increase of 88.91%, nearly double the increase occurred. And this year, the number of new QFII accounts reached 118, close to the 2012 total annual accounts.

Specializes in crisis when foreign market, low-hunters has been praised by investors. CICC research report pointed out that overseas funds have been continuous 12 weeks of net inflows into China, showing concern for overseas investors in China have already improved significantly.

Chief strategist at UBS Securities analyst Chen Li seems the next three months despite the scale of capital inflows may be limited, but with the smooth implementation of the Shanghai and Hong Kong and the Mainland market through mechanisms warmer, A shares of the long-term is expected to "suck money" 900 billion yuan .

"From the way overseas fund operations point of view, they are likely to choose those more transparent large-cap blue chips, so the Hong Kong and Shanghai through to large-cap stocks may bring significant improvement. Moreover, the new economy stocks that are not expensive, such as environmental protection, new energy; and there is growth in the old economy stocks, such as real estate, railroad, also should be optimistic, "Chen Li judgment.

Social insurance funded admission: keen, "playing the new" and "set by"

Statistics show that this year, in June and July, the Social Security Fund rare for two consecutive months the newly opened 32 accounts. This is the first time in 14 months the Social Security Fund in the A-share market account.

At the same time, every move of insurance funds also popular concern to the industry. Data show that since February this year, the insurance fund equity investments accounted for declining from 10.63 percent, fell to 9.36 percent by the end of June of. However, from the beginning of July, the amount of venture capital equity investments compared to June increased 43093000000-847948000000 yuan, thus ending a five-month lighten up "trip."

It is worth noting that, in terms of Zengcang secondary market compared to other institutions, social security and risk capital investment interest will tend to the primary market. With the warming IPO floodgates again, and mergers and acquisitions, these funds mainly to stabilize earnings keen "to play the new" and "set by."

In June listing of new shares, a total of 35 nine shares allocated pension fund portfolio, allocated a total of 254.67 million shares; while in September the latest listing of four new shares, there are 49 combinations of social security funds to be allocated, to be allocated 69.35 million shares. Insurance funds are no exception, this year has been listed 81 new shares, 61 shares behind the emergence of venture capital in the figure, and this year there are more than 20 insurance agencies involved in the 47 listed companies in the private placement.

Experts said that social security, insurance and other "national team" long-term funds into the market not only shows that the stock market is in a safe point, but also that they want in the IPO restart, state owned enterprise reform and grab a slice. (Xinhua Daily Telegraph)

Yee Yee stock market hot how to convert

Xinhua Shanghai September 17 (Reporter Sangtong) in an A-share market laughter suddenly "Black Tuesday", the 16th, heavyweight huge downside pullback weighed on the market quickly, the two cities nearly 600 stocks fell more than 5 %, both volume hit a new high this year.

Day adjustment triggered a market panic is prudent to lighten up or take the opportunity to become the focus of investor Opening the debate. Pupil various agencies also heated debate: how to convert hot market?

"A series of economic data recently published less than expected, increasing the downward pressure on the economy." South FundChief strategist Yang Delong said that while pre-market rebound quickly accumulated a lot of profit taking, a lot of stocks subject to profit-taking pressure.

Dacheng Fund research team also believes that the sharp rise in pre-market, mainly due to over-active investment themes, from the macroeconomic point of view, the data show the economy is still in a more difficult phase, but also in the short-term liquidity is more closely stimulation Therefore rally trend is not obvious. Objectively speaking, the market needs time to rest, a correction is normal. In addition, on September 11 companies received IPO approval, a new round of IPO subscription approaching also caused some impact on the capital side.

Insiders pointed out that the stock market is both a barometer of economic data, but also a barometer of reform, only two successful overlay, in order to usher in "a quality bull" and "real bull market."

Indeed, in recent months China imports fell by accident, after the total amount of new loans and financing continuous sharp decline, the real estate market has long been a drag on investment and industrial adjustment, and further deepen the market for the second half of the downside risks to economic growth concerns. Market analysts believe that the reform can not be ignored is that the bonus is a step by step release. Accelerate the reform of state-owned enterprises of mixed ownership, FTA pilot and can be copied to the promotion of the gradual introduction of the policy, means today's Chinese economy is no longer rely solely on stimulus. When the economy towards a "new normal", you can expect the Government has sufficient reserves of tolerance and policy response to the economic slowdown.

In the State Securities [ 0.13% funding research report ] Scutellaria Dong analysts view China's economic development is no longer as before, only GDP theory, theoretically due to narrowing trading range, some cyclical stocks will be difficult to have a big development opportunities. But as to the production capacity to leverage advance, enhance the effectiveness of production, but will drive product prices, thus demonstrating the "quality of the bull market."

In fact, since the Chinese stock market since its birth, has undergone two rounds of the big bull market. For the first time since the state-owned enterprises listed predicament, the second due to the split share structure reform, the reform of state owned enterprise now expect many investors and new industries will lead nurturing or third wave of the bull market. However, in the course of the bull market formed, tangled repeatedly inevitable, as investors on the "new normal" and in-depth understanding of the establishment, will promote the restoration of market confidence.

Behind the strength of this round of the A shares, state owned enterprise reform is undoubtedly one of the important driving force. Wang Tao, chief economist at UBS Securities noted that state owned enterprise reform is not only sustainable growth and maintaining macroeconomic financial stability plays a key role in the environment, but also help to improve the profitability of the business of micro-level. "Capitalization of listed companies accounted for more than half of the state-owned background, the total market value of A shares, and therefore largely state owned enterprise reform affects the overall performance of the A-share market."

Among the many listed companies, military, petrochemical, power, railways and other reforms to be placed high expectations. This is the main reason for the recent outbreak of the defense industry and the power sector. Data show that in the past three months, outstanding defense and military sector, the overall increase of more than 30%. With the Hong Kong and Shanghai through the official gate opening in October, the largest consumer segment in liquor, food and beverage, pharmaceutical, environmental protection, which may become the mainstream market in the next stage configuration. In addition, pre-negligible growth stocks investors re-enter the field of vision.

UBS Securities and SW [ 2.02% ] said that foreign institutions on the A-share market is not the most interesting varieties underestimate the value of blue-chip stocks, growth stocks, but truly the core competitiveness. Alibaba listing popularity reflects the extent of global investor enthusiasm for growth stocks.

No comments:

Post a Comment