Policy Dividends Continue To Market Will Continue To Shake Better

< p > on Tuesday, the two cities fluctuated in a narrow range, with the disk < a href= "http://www.91se91.com/news/index_c.asp" > plate > /a > differentiated.

The Shanghai stock index hit a maximum of 2061 points, with a slight fall after the 60 day average.

The Shenzhen index index has a narrow fluctuation in the market, reaching the highest 30 day moving average.

The growth rate of the gem is down, and it fluctuates around the 5 day moving average.

Plate, oil and gas reform, the Internet, military aerospace, gambling concept, the Silk Road and other theme plates rose before yesterday, the better performance of coal and color callback were obvious.

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The Shanghai composite index opened today at 2055.08 points, the highest 2061.06 points, the lowest 2043.55 points, closing at 2050.49 points, down 2.38 points, 0.12%, closing 73 billion 742 million; Shanghai stock market 335 increased, 555 home fell; today, Shenzhen stock index opened at 7321.65 points, the highest 7362.87 points, the lowest point of P, the lowest point, reported a few points, down points, a decrease, a turnover;

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< p > < strong > dividend policy continued < a href= "http://www.91se91.com/news/index_c.asp" > A shares < /a > narrow shocks better than /strong > /p >

< p > Hua Xun finance believes that 1, "2014 smart city forum" will be held in Beijing in May 15th.

Experts, scholars and entrepreneurs in related fields will gather in Beijing and will focus on promoting a number of major projects.

2, the Sichuan provincial Party committee and the Sichuan Provincial People's government recently issued the opinions on deepening the reform of state owned enterprises to promote development.

3, Shanghai ocean bureau recently agreed to the Shanghai port offshore wind power project phase 1 approved by the sea. This is the second heavy weight of offshore wind power launched after Shanghai's new energy generation subsidy policy was released in May 4th.

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< p > Hua Xun viewpoint: yesterday's amazing coal, colored and so on "a href=" http://www.91se91.com/news/index_c.asp "blue chip plate < /a" is not strong enough, which has dampened the enthusiasm of the market, but the continued release of the dividend policy will continue to push the A shares to a better state.

Strategies focus on brokerage, consumer electronics, state-owned enterprise reform and other sectors.

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< p > > "nine new countries" is the starting point and foundation stone for the reform of institutional dividend, which helps incremental capital flow into the A share market.

In the past, the State Council has issued three programmatic documents on the top level design of the capital market, and the top two programmatic documents have carried out top-level design for the development of the stock market at the national strategic level, forming a system dividend support for the A share market.

The "nine new countries" issued in May 9, 2014 are expected to shoulder the above two major programmatic documents and are more practical and more enforceable in content.

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< p > the "new country nine" has five institutional benefits.

First, encourage listed companies to establish a market value management system.

Second, improve the equity incentive system of listed companies, allowing listed companies to carry out ESOP in various ways according to the regulations.

Third, support the national social security fund as the representative of long-term investors to expand the scope and scale of investment in the capital market.

Fourth, expand the scope of qualified foreign institutional investors and qualified domestic institutional investors, and increase investment quotas and ceilings.

Fifth, we should improve the tax policy of capital market and study the tax policies that are conducive to further promoting the healthy development of the capital market.

We believe that the possible breakthroughs in tax policy are paction tax and dividend tax.

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Breaking the financial restraint has become a policy consensus, and the counter cyclical monetary policy is always in progress. < p >

According to media reports, Liu Shiyu, vice president of the central bank, said that financial interbank business and all kinds of financial products must be rectified.

The principle of financial management and rigid exchange is the most important source of high risk free interest rate and financial repression in the present market.

In addition, according to Xinhua news agency, President Zhou Xiaochuan also said at the weekend, "counter cyclical adjustment is always in progress".

In the talks, Zhou said that "some of the changes that may not be seen by the market" are consistent with the changes in the long end yield of the bond market, indicating that liquidity management is strengthening.

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< p > pformation and policy dances, "Golden Flower" and "model" fly together.

On the one hand, it is assumed that there should be no excessive expectations for the "big stimulus". On the other hand, we should not underestimate the strength brought by the series of micro stimulus policies from the quantitative change to the qualitative change.

A series of initiatives such as preferential shares, Shanghai and Hong Kong links, mergers and acquisitions policy optimization, directional reduction, and reform of state-owned enterprises will bring substantial and emotional benefits to blue chip stocks.

The introduction of the "new country nine" is the starting point and cornerstone of the dividend of the stock market system, and is also consistent with the anticipation of market optimization before the market.

From the whole investment stage, we still maintain four themes: steady growth, silk road, state owned enterprise reform, preferred stock and so on.

From the perspective of industry allocation, five golden flowers, including finance, cement, railway equipment, real estate and chemical industry, are a main thread running through the whole investment stage of big rebound.

At the same time, we should also grasp the structural opportunities of sub industries arising from the series of micro stimulus policies and business models.

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