Gem Rose 2% Against The Market Downturn, Low Turnover Refresh Low

　　 volume

Today, the volume of the two cities has narrowed compared with the previous trading day. Shanghai The turnover was 54 billion 639 million yuan, and the Shenzhen Stock Exchange was 86 billion 241 million yuan.

　　 plate

Medical devices, mining services, agricultural services, electronic manufacturing, environmental protection projects, electrical equipment, metal products, computer applications, optoelectronics, communications services, new materials and other sectors rose earlier, and banks, coal, banks, steel and other weight plates fell earlier.

　 Individual stock

A total of 15 non ST stocks were trading in two cities, a total of 97 stocks rose by more than 5%, and no two non ST stocks were down, and 15 stocks fell more than 5%.

　 Institutional view

　　 Jufeng :

With the closing of IPO and the expansion of new three boards, the effect of capital diversion will still impact the A share market. At present, the speed of the issue of new shares has accelerated significantly. As of now, 26 companies have received approval, and 8 new shares have been purchased this week, reaching 18 next week. The management has released new shares so much that the market panic has inevitably dropped 2050 points yesterday, and has continued to seek the bottom. At present, the market is sluggish, although blue chip stocks are very low valuations, they still can not attract off court funds.

From the specific operation strategy, due to the general expectation of the market in 2014 and the low systemic risk in the market, Ding Zhenyu, a giant investor, suggested that investors should absorb three kinds of high quality targets, including: small and medium sized stocks with growth certainty, low valuation and large blue chips with stock price catalysts, and stocks with inflection points (such as LED, cold chain logistics, etc.). In addition, we should pay close attention to defensive varieties such as agriculture, consumption, retail department stores, iron and steel stocks, which are substantially discount compared with H-shares, but avoid heavy gambling.

　 Hua Xun Investment :

After a recent sharp adjustment, the market has gradually digested all kinds of bad news. More importantly, Huijin's entry into the market and the implementation of all the reform measures of the SFC are conducive to the long-term development of the capital market, and there are signs of stabilization in the short-term market above 2000 points. It is suggested that we should focus on the potential sectors such as big agriculture, big consumption, big information service industries, and various policy oriented themes, and avoid the hype of short term gains, but without performance support.

　　 Shenyin Wanguo:

On Tuesday, the market was shrinking and the main board index did not decrease significantly. However, the gem index rose by 2.19%, which completely recovered yesterday's line. Hot spots, TMT, medicine and other sectors showed strong performance. Overall, the volume of market turnover is still low, and the capital side is still a constraint. The hot spots are mainly concentrated on the small cap stocks with better growth.

　　 Ningbo Hai Shun :

Stock index continued to adjust the trend, the three consecutive trading days after the fall, today received a small Yang, turnover of 54 billion 600 million yuan, the amount of energy has shrunk to the recent low. Ningbo Hai Shun believes that there is little room for the Shanghai stock index to drop, but considering the rapid issuance of new shares, investors are advised to wait and see.

　　 Related reading

The Fed starts to cut QE global central bank position differences

Beijing morning on January 7th morning, the media analyzed the article on Monday, pointing out that with the start of the Federal Reserve's quantitative easing measures, the global central bank's consistent economic stimulus stance began to diverge in 2014.

Due to the stronger performance of US economic growth, the Federal Reserve, which is about to accept Janet Yellen, has begun to reduce the scale of asset purchases every month from January. The Bank of England is also trying to cool the country's real estate market. The ECB and the Bank of Japan tend to continue to fight weaker inflation with larger monetary action. The ECB and the Bank of England will hold policy meetings later this week.

　　 Low toxic pesticide subsidy policy will start soon.

The formulation and implementation of a number of policies indicate that the process of limiting high toxic pesticides and promoting the development of low toxic pesticides in China is accelerating. Companies producing low toxic pesticides will benefit directly.

At present, the Ministry of agriculture is working on the compilation of the national sustainable agricultural development plan, focusing on the construction of ecological balance and handling the relationship between environmental protection and agricultural production. According to industry analysis, the policy intention is obvious, mainly considering the excessive use of fertilizers in China and the food safety problems caused by pesticide toxicity. Biological pesticides and low toxic and efficient pesticides are conducive to the development of environmental protection and ecological diversity, and will usher in accelerated development.

From the recently held central economic work conference and the central rural work conference, the first document expected to be issued by the market will still focus on agriculture. Among them, the agricultural ecological environment and the sustainable development of agriculture have become the focus of attention, and the promotion of low toxicity and high efficiency and biological pesticides is conducive to ensuring the quality and ecological safety of agricultural products (000061, stock bar) from the source, and become an important starting point for them. It is also understood that the pesticide toxicity problem has aroused high-level attention in the general plan for agricultural environment prominent problems (2014-2018 years), which is being compiled by the NDRC. At the same time, the State Council will introduce water treatment and rural environmental governance plans after the introduction of the action plan for air pollution control.

Overall, after 3 to 5 years of policy guidance and support, China will basically establish a standardized high toxic pesticide fixed point operation system and low toxic and low residue pesticide subsidy policy. Recently, the Ministry of Agriculture announced that it would take further measures to prohibit the use of chlorpyrifos, chlorpyrifos and other 7 pesticides.

Analysts pointed out that the two level market, NP (002215, stock bar), Shenghua Bai Ke (600226, stock bar), Yang Nong chemical (600486, stock bar) and Changqing shares (002391, stock bar) and so on are expected to benefit.

　　 50 billion yuan intelligent water meter market is expected to open the 3 most beneficial

Guidance on accelerating the establishment and improvement of the ladder pricing system for urban residents has been released recently. The analysis points out that if the current household mechanical water meters are all replaced by intelligent water meters, the stock replacement market will be as high as about 50000000000 yuan. In the A share listed companies, the deep plough mechanical water meter industry has many years ahead of time and the layout of intelligent water meters is not a few companies in the field. Leading enterprises have three shares (300066 shares), Xintian Technology (300259, stock bar) and integrated electronics (002339, stock bar).

According to the China Securities Journal, the "opinion" pointed out that by the end of 2015, the city of the whole country should be implemented in a comprehensive way. Market analysts pointed out that the implementation of the ladder water pricing system will adopt a new water pricing method, similar to the introduction of smart meters for the implementation of ladder tariff, and intelligent water meters are expected to enter all households in an all-round way, thus driving the huge demand for intelligent water meters. According to the analysis of relevant brokerage research reports, if the current household mechanical water meters are all replaced by intelligent water meters, the stock replacement market will be as high as about 50000000000 yuan.

　 The pilot work of the comprehensive reform of the elderly service industry will start.

The Ministry of civil affairs and the national development and Reform Commission issued the notice on carrying out the comprehensive reform of the pension service industry recently, carrying out the pilot reform of the comprehensive reform of the pension service industry in the whole country, further optimizing the policy environment for the development of the pension service industry, perfecting the system and mechanism, innovating the development mode, and widening the participation of private capital in the channel. The notice also made it clear that the pilot areas should focus on supporting the development of pension services leading enterprises.

The circular points out that through the pilot reform of the comprehensive reform of the pension service industry, we will promote the pilot area to set up an old-age service system with perfect functions, moderate scale and coverage of urban and rural areas. We will create a batch of typical experience and advanced practices with various characteristics, and introduce a batch of innovative policies and measures that can be replicated and institutional and institutional innovations, so as to form a group of service organizations and industrial clusters with strong competitiveness and remarkable economic and social benefits, so as to provide demonstration experience for the development of the nationwide pension service industry.

At present, China has entered the stage of rapid development of population aging. Statistics show that by the end of 2012, China's population over the age of 60 reached 194 million, reaching 243 million in 2020 and 300 million in 2025. It is a pressing matter of the moment to actively respond to the aging of the population and accelerate the development of the pension service industry.

The industry believes that with the policy support of the state to strengthen the pension services industry, relevant supporting policies such as finance, finance, land use, taxes and fees, talents, technology and services are expected to be implemented one by one. This will directly lead to the development of related industries for the elderly, and promote the development of pension, health care, household goods, pension real estate and pension services.

　　 China lifted ban on game consoles for 13 years

On January 6th, the general office of the State Council issued a notice that it is necessary to adjust the contents of administrative examination and approval or special administrative measures for administrative measures stipulated in relevant administrative regulations and documents of the State Council in the Shanghai free trade zone. It is explicitly stipulated that allowing foreign-funded enterprises to engage in the production and sale of game and entertainment equipment, and the game entertainment equipment sold through the contents of the competent cultural department can be sold to the domestic market, which means that the ban on the game machine for 13 years has officially been lifted.

At the same time, the Ministry of industry and the Shanghai Municipal People's Government jointly issued the "opinions on further opening up value-added telecommunications business in China (Shanghai) free trade pilot area", and decided to further open up value-added telecommunications services in the pilot area.

According to the JINGWAH times, over the past few years, SONY, Microsoft and other factories have called for the opening of the Chinese game market. However, due to the excessive involvement, the lifting of the ban on the game machine has not made substantial progress. AI media consulting CEO Zhang Yi said that once the policy is released, Microsoft, SONY and Nintendo will have huge profits for the three host giants, and the domestic game console market will flourish again. {page_break}

Shanghai Free Trade Zone regulatory barriers remove value-added telecommunications open four areas

It is reported that the game ban has been implemented for 13 years and is officially lifted in the Shanghai free trade area. In addition, value-added telecommunications services, foreign entertainment establishments, Sino foreign cooperative education and training institutions may soon be able to serve the public.

The State Council recently announced the decision of the State Council to temporarily adjust administrative examination and approval or admittance special management measures stipulated in relevant administrative regulations and State Council documents in China (Shanghai) free trade pilot area. The Ministry of industry and information issued the opinions of the Shanghai Municipal People's Government of the Ministry of industry and information technology on the further opening up of value-added telecommunications services in China (Shanghai) free trade pilot area.

These two items are suffering from Shanghai for several months. Without the "decision" and "opinions", 23 open service measures have already been introduced in Shanghai free trade area, including games and entertainment equipment production and sales, performance brokers, entertainment establishments, value-added telecommunications, international transportation management, international ship management and credit investigation.

At the same time, WTO has been committed to opening up, but foreign businesses have expanded the scope of opening two businesses, which are less than 50% of the information services business, store and forwarding business, and so on. "Opinion" said that the proportion of foreign capital shares in the two businesses can be broken through by 50%. The information service business includes application stores only. This means that businesses like apple App Store are expected to be directly invested in China.

　　 The state-owned enterprises pay for the long-term incentive mechanism, and the performance appraisal focuses on three aspects.

It is reported that many departments, including the Ministry of human resources and social affairs, conduct research on the income distribution of central enterprises, and are collecting relevant information and making policy recommendations. As the central authorities, the SASAC will determine the remuneration of the central enterprises according to the performance, risks and responsibilities of the enterprises. At the same time, combined with the functional positioning of enterprises, we explore the establishment of differentiated salary distribution system.

The report said that in addition to the salary incentive mechanism, the SASAC has studied and formulated the management measures for the duties, duties and consumption of state-owned enterprises, and strengthened the management of other consumption of the responsible person. It is learnt that the medium and long term incentives should be closely linked to performance appraisal, mainly considering three factors. Performance is the foundation, creating value is the premise and the incentive level is moderate.

Huang Shuhe, deputy director of the SASAC, said that considering the complexity of the medium and long term incentives and the sensitivity of the income distribution of state-owned enterprises, the SASAC is studying the term incentive plan based on the economic value added, following the time when it is ripe, considering the complexity of the medium and long-term incentives and the sensitivity of the income distribution of state-owned enterprises.