Under The Policy Game, The Stock Market Shock Is Brewing.

< p > > on Thursday, < a href= "http://www.91se91.com" > Shanghai and Shenzhen two cities < /a > concussion low, the stock index performance is low, but there are many hot spots on the disk. < /p >
< p > lottery, ceramics, online games and other theme plates are in the leading position. The two cities have strong trading stocks of 18 stocks, 45 stocks rose more than 5%, only 1 stocks were down, but 35 stocks fell more than 5%. Plate, banks, real estate, coal and other weight plate led, is the main reason for dragging the market. < /p >
< p > at the close, the Shanghai Composite Index fell 0.74%, losing the 60 day moving average. The Shenzhen Branch index dropped slightly by 0.49%, and fell to the top of the 30 day moving average. Gem rebounded weak, short term by 5 day moving average suppression. The small and medium-sized board index (6179.499, 0, 0%) fell back, but still closed on the red plate, rising 0.37%. < /p >
< p > < strong > policy game will aggravate < /strong > /p >
< p > the executive meeting of the State Council, which was held on Wednesday, made clear three economic promotion measures, including playing the supporting role of development finance for shanty towns transformation, setting up policies and measures for Deepening Railway Investment and financing system reform and speeding up railway construction, and studying and expanding the scope of implementation of preferential policies for small and micro enterprises. < /p >
< p > some people believe that the above three a href= "http://www.91se91.com/news/index_q.asp" policy < /a > is lower than expected. In fact, from the Beijing Tianjin Hebei integration as the representative of the new urbanization, to the housing enterprises refinancing liberalization, and then to the railway, shantytowns transformation project investment...... There are various signs that fiscal policy is turning to a distinct direction and reform is still in progress, and the new round of "steady growth" is being overweight. < /p >
< p > this may be "only in the mountains", which can be seen more clearly in a global perspective. In, President of the International Monetary Fund [micro-blog] Lagarde [micro-blog] said in Washington that China's economy remained "the key driving force", even though China's current economic growth began to slow down. Speaking of China, Lagarde said that the growth rate of China's economy in 2014 is expected to be 7.5%. As the Chinese leadership has said, the most urgent task is to make economic growth more inclusive, more environmentally friendly and more sustainable. China's successful reform will bring huge dividends to China and even the world economy. < /p >
< p > in addition to the "steady growth" measures are optimistic, the dividends from the reform of state assets can continue to be concerned. Excluding banks, non bank finance and three major monopolistic industries of petroleum and petrochemical industries, the top five of the total assets of state-owned enterprises are Beijing, Shanghai, Guangdong, Shandong and Liaoning, which are 6 trillion and 350 billion yuan, 2 trillion and 560 billion yuan, 1 trillion and 690 billion yuan, 830 billion yuan and 540 billion yuan respectively. < /p >
< p > therefore, the key areas to judge the reform of state-owned enterprises will fall in six major cities and towns, namely Beijing, Shanghai, Shandong, Guangdong, Zhejiang and Jiangsu. Among them, large enterprises with hidden assets, large opportunities for asset injection and enterprises that actively introduce private capital deserve more attention. < /p >
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< p > < strong > weights are not sustainable. < /strong > < /p >
< p > since the March 12th Changyang composite index has bottomed out, the market sentiment has been repeated, but overall stability. Recently, the regulatory authorities have issued favorable reforms such as preferential shares, while actively introducing international funds, including pushing A shares into the MSCI emerging market index, expanding qualified foreign institutional investors (QFII) and RMB qualified foreign investors (RQFII). In fact, since last year, regulators have not only introduced QFII into the market, but also RQFII has been growing, and its number of accounts has been increasing continuously. International capital is now entering A shares again. At the same time, the main force of the national team Huijin and social security funds actively intervene. < /p >
< p > the reason is that the implementation of future preferred stock and A share in MSCI emerging href= a http://www.91se91.com, market /a and T+0 are all inseparable from the current strategic allocation of weight blue chips. At present, the fall of the market just provides investors with an opportunity to focus on stock selection, which is the accelerated collection stage of long line stocks. < /p >