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Shanghai Composite Index Will Rebound Again

2012/3/14 15:42:00 15

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[Macro Economy] the central bank stepped back and repurchased 60 billion yesterday.

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Market funds

On the face of extremely relaxed conditions, the central bank issued a continued suspension on Tuesday, which lasted for nearly 3 months.

However, the central bank increased the strength of the open market return, and the repurchase operation on that day reached 60 billion yuan, a record high since last November.

Hua Xun financial comment: Although the central bank continued to increase the size of the repurchase operation last week, it mainly aimed at the adjustment of the capital distribution, and with the increase of the ratio of the mature capital to the capital ratio and the continuous decline of the capital interest rate as the precondition, the actual easing policy orientation did not change, which will continue to slow down the support of liquidity.

The loose state of funds has supported the upward trend of stock index shocks.

But short-term capital repurchase will make the market short term capital shortage. The main fund has signs of withdrawing heavyweights in the near future, which is closely related to the maturity of some funds. Therefore, short-term market volatility is inevitable.

But the short term adjustment of capital reflow will help the market rise again.

[domestic market] more provinces and regions to promote local social security fund portfolio investment

A number of representatives of the two sessions revealed that some provinces are actively studying and promoting the place.

Social security fund

The combined investment operation.

A number of local government officials said that the competent authorities should introduce the rules for investment and operation of social security funds as soon as possible, and formulate a safe, stable and secure investment framework.

Hua Xun financial comment: Guo Shuqing, chairman of the securities and Futures Commission, expressed support for the long term funds such as social security, and the public opinion has reported more. The market is eager for the implementation of the policy so as to change the investment structure and financial environment.

As the specific measures are not yet implemented, it is only expected that the market will still maintain a balance between expectation and reality.

[company industry] Sichuan polysilicon enterprises are almost completely shut down. The Ministry of industry and commerce is anxious to open a forum.

Sichuan is the most concentrated area of polysilicon production in China.

Ministry of industry and information technology

The list of 20 polysilicon enterprises approved by the first batch of industries through the industry has been listed on the list of 6 enterprises in Sichuan.

However, at present, only Sichuan Yongxiang polysilicon company and Sichuan rennin maintain production, and the rest stop production.

Hua Xun financial comment: following the United States, India launched a "double reverse" Filing against China's PV module.

Driven by the United States and India, once the European Union follows similar measures, it will bring a fatal blow to China's photovoltaic industry. The industry is worried that the domestic photovoltaic industry will never recover.

A shares solar panels or now adjust the situation.

[foreign market] Dow rose 1.68%

16:00 AM Eastern time (Beijing time March 14th 04:00), March 13th.

Dow Jones

The industrial average rose 217.97 points, or closed at 13177.68 points, or 1.68%. The NASDAQ (micro-blog) composite index rose 56.22 points to 3039.88 points, or 1.88%, while the standard & Poor's 500 index rose 24.87 points to 1395.96 points, or 1.81%.