The Success Or Failure Of Stock Market Investors Depends On The Third Plenary Session Of The 18Th CPC Central Committee.

< p > with the "a href=" http://www.91se91.com/news/index_cj.asp "economic > /a" showing signs of stabilization, China's stock market is generally optimistic, and the Shanghai Composite Index has risen more than 9% since the end of 6.

In October, however, the index had fallen by 2%. Perhaps investors did not want to be too enthusiastic.

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< p > for those who want to predict the future, there are still too few clues.

Chinese President Xi Jinping and Premier Li Keqiang have expressed their desire to reform orally, but no specific measures have yet been disclosed.

The development research center of the State Council issued a 200 page report in October 27th calling for reforms in various fields, covering many issues such as deepening the development of the financial system and improving the efficiency of state-owned enterprises.

But analysts think the report is just a "wish list" of the central government.

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Chen Jiwu, general manager of VStone Capital Co., Shanghai P, said that the company may allocate a small amount of money for speculation.

The company manages assets of about $1 billion.

He said it would not be possible to profit by speculating on major meetings. Historical experience tells us that speculative trading based on policy meetings can last for weeks.

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If < p > > a href= "http://www.91se91.com/news/index_cj.asp" > the third Plenary Session of the 18th CPC Central Committee < /a > in deepening the policy changes on financial reform, the long-term and short-term effects on banking industry are very different.

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< p > in the long run, any action to advance the marketization of interest rate is beneficial to the banking industry, but it may bring pressure to the industry in the short term, which will aggravate the competition among banks and make them compete for more marketable interest rates.

Bank stocks have fallen as investors worry about slowing bank profits and growing maturity.

According to Shenyin Wanguo Securities strategist Peres (Gerardo Alfonso Perez), the market share of banking stocks is 0.96 times lower than 1.13 times the end of last year.

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< p > investors are expected to introduce similar long-term policies in land reform, especially in rural areas, which may boost agricultural stocks.

According to a report by Nomura, reform may give farmers more land rights.

However, Nomura said that agricultural reform is a highly controversial issue, and no significant progress is expected in the near future, which will bring greater uncertainty to the trend of agricultural stocks.

According to the analysis of Shenyin and Wanguo, the price earnings ratio of agricultural stocks is 56 times, which is 43 times higher than that of the end of last year.

Small and medium-sized agricultural stocks have generally performed well: the Yuang Longping High-Tech Agriculture Co., which sells crops, seeds and other agricultural products, has risen by 22% so far this year, while the small stock company engaged in raising cattle, Xinjiang Tianshan animal husbandry and biological engineering Limited by Share Ltd (Xinjiang Tianshan Animal Husbandry) rose by 37%. Yuan Longping, Longping

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< p > railway is also a concern in the third Plenary Session of the 18th CPC Central Committee.

China has invested heavily in railways, linking western rich provinces with developed eastern provinces and expanding the high-speed rail network.

Analysts say reform may bring benefits to small and medium enterprises that still have room to expand.

Since its rebound in July, the share price of Daqin Railway Co., a railway operator, has increased by 31%.

Alfonso of Shenyin Wanguo said that the railway industry is likely to get further policy support.

It can create jobs and is an important contributor to GDP growth.

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< p > a move that will lead to cross industry influence will be "a href=" http://www.91se91.com/news/index_cj.asp "government" /a "to re promote the efficiency of state-owned enterprises.

Lin Jinghua Amy Lin, a senior analyst at Capital Securities, said that if such reforms are carried out properly, they will really help boost the market.

Lin Jinghua pointed out that the big companies controlled by the government had seriously dragged down the market performance earlier this year.

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< p > no longer emphasizes the role of state-owned enterprises in their industries. This may also provide smaller companies with more room for growth, including companies in the oil industry.

According to Shenyang Wanguo Securities, the average price earnings ratio of medium-sized oil companies is about 76 times, which is 44 times higher than the end of 2012.

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