Commentary: The Real Estate Stock Leads The Counter Attack &Nbsp; The Stock Index Ends Three Successive Yin.

First, the market overview:

In June 2nd, the two cities opened lower and opened lower. New energy vehicle stocks went against the trend, and financial, nonferrous metals, oil and other sectors were weak.

10 points later, the real estate plate collective explosion, in the real estate stocks strong pull up, the two cities shock rise.

But the good times did not last long, the strength of the rebound was insufficient and there was no strong reinforcements. After 10:30, the two cities fell sharply and gradually fell, and the Shenzhen index fell below 10000 points. On the other hand, nonferrous metals, pharmaceuticals, chemical industry and banking stocks were heavily weighed.

In the afternoon, the opening index dropped and started to pick up, but there was no improvement in the same period.

Real estate stocks expanded in the afternoon, ranking the top of the list of Hainan's shares.

Cars, Internet of things, Shanghai and other small and medium-sized board stocks have gone up.

Late, real estate stocks rapidly pulled up, brokerage stocks rose sharply across the board red, the weight plate to join in rush, the two cities volume, strong red.

Plate view, most of the plate first suppressed after Yang, most of the plate in the afternoon turned red.

Real estate sector rose nearly 3%, becoming the first hero of the two cities that failed to fall.

The new energy vehicle sector was boosted by a favorable policy and led strongly.

Hainan, media, electronic information, gem and other small and medium-sized stocks are doing well.

However, affected by the poor global economy, the nonferrous metals sector is a big drag on the stock index, and the early performance of the strong pharmaceutical sector is showing signs of overall weakness.

Stocks showed a trend of inflation, and only 300 stocks fell in two cities.

At the close, the Shanghai stock index reported 2571.42 points, up 3.14 points, or 0.12%, and Shenzhen composite index reported 10188.14 points, up 89.69 points, or 0.89%.

According to industry news, recently, Ministry of finance, Ministry of science and technology, Ministry of industry and industry, and the national development and Reform Commission jointly issued the notice on launching pilot schemes for private subsidies for new energy vehicles, and decided to launch pilot projects for private subsidies for new energy vehicles in 5 cities such as Shanghai, Changchun, Shenzhen, Hangzhou and Hefei. The maximum subsidy for pure electric passenger cars is 60 thousand yuan.

Driven by this news, new energy vehicle stocks opened stronger, and the plate went against the trend.

Real estate business financing must be strictly audited and China's housing problem is more serious than before the financial crisis.

Market analysts pointed out that the stock market will be plunged into a negative trend in the near future. The stock index may be repeated. The adjustment process will not happen overnight. There may be a slight rebound in the short term and make a direction selection after finishing in the vicinity of the low point. The possibility of leading to the lower stage of the breakdown in the direction selection is greater. Investors should still be cautious and keep a low position to avoid the risk of adjustment.

Two, important news analysis:

(a) in May, PMI has revealed the "police report"?

According to the China logistics and purchasing Federation recently released, in May, CFLP China Manufacturing Purchasing Managers Index (PMI) was 53.9%, down 1.8 percentage points from last month.

From the 11 sub index, compared with the previous month, only finished goods inventory index rose, the increase was 3.6 percentage points, and the rest of the index dropped to varying degrees.

Among them, the purchase price index dropped the largest, reaching 13.7 percentage points; the new order index, backlog order index, purchase volume index and import index fell more obviously, the amplitude reached more than 2 percentage points; the remaining index fell little, the amplitude was more than 1 percentage points.

[Financial commenting]: the European sovereign debt crisis has hit the global financial market, and the world economic recovery is facing two bottom risks. From the domestic perspective, the three quarter has entered the consumption off-season, and the stock pressure may also increase. This may also cause the price trend to fluctuate or even oscillate.

In May, the PMI index of China's manufacturing industry remained stable, which may be a reflection of the impact of this uncertainty factor.

(two) ABC IPO's "fast March" is near the end.

A few days ago, the research report written by analysts from the Agricultural Bank's sponsor agency has been finalized. At the same time, ABC secretly invited some institutional investors based on public offering funds to make informal inquiries in Shanghai on the same day.

A Shanghai fund manager who attended the meeting revealed that the main content of the conference is that ABC has introduced its own business and IPO pricing, and has answered institutional questions.

It is reported that the invited guests included only a few large and medium sized fund holders in Shanghai and a few other large institutional investors. Some small funds and analysts were not invited.

[Financial commenting]: the rumors of ABC IPO directly cover a solid hot pot for A shares. In the case of the market still falling, the ABC IPO is close to the end and financing may be in preparation, which may make the stock index fall beyond the previous market expectations.

Therefore, investors should be prepared to welcome the thought of "darkest hour before dawn," and come in again after dawn.

(three) real estate financing will be more difficult.

The Commission has recently appealed to the sponsor representative training class to strictly examine the listing, refinancing and asset restructuring of enterprises involved in real estate business.

In other words, even if the main industry is not real estate enterprises, financing in the future will also face strict scrutiny.

This means that the capital gate for the real estate enterprises will be tightened again. This has already indicated that under the present circumstances, the financing behavior involving real estate business will be exacerbated by the stricter regulations of the SFC.

The above personage discloses, some enterprises have real estate business, but raise funds do not invest in real estate projects, if strictly enforce the relevant provisions, as long as the real estate business, listing, refinancing and asset reorganization must be strictly audited. Therefore, it is recommended that the sponsor institutions should implement the relevant regulations in strict accordance with the macro control and strict background.

[financial circles commenting]: the real estate sector will experience another "bloodbath" process that can lead to "crying and Howling".

When the game between developers and government will continue, investors should resist the temptation of their current undervalued value for the real estate sector.

(four) the 1 - year central bank rate rises unexpectedly.

A few days ago, the central bank issued a 15 billion yuan 1 year central bank vote, which was halved by 30 billion yuan last week, but the winning rate rose 8.32 basis points to 2.0096% last week.

This is the 1 - year central bank interest rate stabilized in January 19th this year after 1.9264%, after 19 weeks, the interest rate of the breed is up again.

[Financial commenting]: as the central bank's monetary policy bullets are depleted, interest rates will eventually "emerge" and meet with the public.

In particular, the recent bad weather and agricultural products (000061) frequent malicious speculation, CPI or will still be on the upward track, so the shadow of interest rate is still lingering, investors should be careful to prevent the move.

(five) the "welcome" subsidy of new energy vehicles

According to the Ministry of finance, recently, the Ministry of finance, the Ministry of science and technology, the Ministry of industry and information technology and the national development and Reform Commission jointly issued the notice on launching the pilot scheme to subsidize private cars for new energy vehicles (hereinafter referred to as the "notice"), and decided to launch private pilot projects to subsidize new energy vehicles in 5 cities such as Shanghai, Changchun, Shenzhen, Hangzhou and Hefei.

After "endless calls", the market finally welcomed the government's subsidy to new energy vehicles.

The circular clearly stated that the central government gave one-time subsidies to the private purchase, registration and use of plug-in hybrid passenger cars and pure electric passenger cars in the pilot cities.

The subsidy standard is determined according to the power battery pack energy, and the new energy vehicle satisfying the support conditions is subsidized by 3000 yuan / kWh.

The maximum subsidy of plug-in hybrid electric passenger car is 50 thousand yuan, and the maximum subsidy of pure electric passenger car is 60 thousand yuan.

The subsidy fund is allocated to the automobile production enterprise, and the new energy vehicle is sold to the private user or the leasing enterprise after deducting the subsidy price.

In the pilot period, after the scale of 50 thousand plug-in hybrid electric vehicles and the pure electric passenger cars sold by each enterprise, the central government will appropriately reduce the subsidy standard.

[Financial commenting]: new energy vehicles, like the real estate industry, can drive the development of dozens of industries in the upper and lower reaches, or perhaps because of this, the government is finally determined to vigorously subsidize this promising industry.

Investors can also pay close attention to new energy vehicle stocks in order to get better returns.