Cao Renchao: A Share Pricing Will Be Closer To &Nbsp, And Two Rivers New Area Will Bring Opportunities.

Yesterday, Cao Renchao, who was called the Hongkong folk stock god (the director of Hongkong authoritative investment commentator and the director of the Hongkong daily), came to Chongqing to introduce new books to readers. At the Monument for Liberation Marriott, Mr. Cao, wearing a fancy short sleeved shirt and smiling face, accepted an exclusive interview with reporters.

"The mainland A share market is in the second phase of the bull market."

Cao Renchao spoke with great interest. He was optimistic about mainland property stocks and bank shares. Previously, the media reported that his "A shares are still in the second bull market".

A share pricing will move closer to H-share

Reporter: from 3478 last year to 2500 now, do you think the A share market will fall?

Cao Renchao: the sharp decline has passed, and it should not be lower than 2300 points.

The market rose from 1664 points in October 2008 to 3478 points in August 2009. It is the first bull market. Now it is adjusted to a second bull market starting point. The time should be longer than the previous one. It may be two years.

Reporter: at present, some Hongkong H-shares exceed their mainland A share prices. What do you think of them?

Cao Renchao: the pricing of mainland A shares in line with Hongkong H-shares is the trend of the times. This is also the performance of China's stock market in line with international standards, because H-share is the price agreed by international investors, not the price of Hongkong H-shares previously considered, compared with the price of A shares in the mainland.

I advise Zhang Songqiao to come to the mainland for development.

Reporter: the newly built Liangjiang New Area has brought development opportunities to Chongqing. Chongqing now has many listed companies in Hongkong, including China Chongqing land, Chongqing iron and steel, Longhu real estate, Qingling automobile, Chongqing Electromechanical, Chongqing iron and steel, Changan people's livelihood logistics, etc. What do you think has investment value?

Cao Renchao: I am a good friend of Zhang Songqiao, chairman of China Chongqing land office. I have bought Zhong Yu land.

Zhang Songqiao himself is also a Chongqing man. In 1997, I advised Zhang to sell real estate in Hongkong and invest in real estate in the mainland. Now it seems that this persuasion is right.

In the Chongqing stock exchange, Longhu's real estate quality is good, and its fine positioning is unique in the mainland property sector.

Qingling automobile's competitiveness is slightly insufficient. Chongqing Steel's position in the industry is backward.

Bullish mainland property shares and bank shares

Reporter: how do you operate recently? What stocks do you have in your hand?

Cao Renchao: I sold shares of resources in the first quarter of this year, including CNOOC, Chinalco and Jiangxi copper. At present, they are mainly mainland property shares and bank shares. As for specific categories, they are inconvenient to inform, and are mainly concerned about the stocks. However, merchants bank is not among them.

There is a short-term adjustment, but in the medium to long term, the mainland property stocks are worth investment. First of all, the urbanization process in the mainland determines that the urbanization of the mainland is only 46%, while the US is 85%.

The two is the gradual increase in per capita income and the purchasing power. Data show that the US per capita is US $43 thousand, Japan is US $36 thousand, and Hongkong, China has US $29 thousand, while mainland Shanghai has only 5000 US dollars and Chongqing 2400 US dollars, and there is still much room for improvement in per capita income in the mainland.

Bullish on bank stocks is mainly due to China's economic outlook, while mainland banks are also aggressive.