Wen Guoqing: "Along The Way" To Cool The Stock Market Shock Intensified

The direct impetus for market growth in the past two weeks is from the APEC conference. After the Fourth Plenary Session of the fourth plenary session, the Chinese government launched the strategy of "going global". The official media continued to report the development plan of "one belt and one road". All circles were widely rumored that the Chinese version of the "Marshall plan" had been formulated by the government. The market took this opportunity to carry out the crazy short-term speculation. The recent two weeks' drive to break through the market is precisely the "Silk Road" plate index, which is closely related to the "one belt and one road".

As the start of the "Silk Road Economic Belt" and the establishment of the "maritime Silk Road" across more than 40 countries, involving 60% of the world's total economic volume, it is China's comprehensive development towards the world and become a grand blueprint for the world's economic and political power. This APEC meeting has become the platform for the formal phase of the plan. The central authorities attach great importance to it and the market will not miss it. As the carrier of the plan, the "Silk Road plate" has been roasted and thrived. In the two weeks, the plate rose by 16%, and a group of stocks rose more than 30%, and its heat was the same as that of the Shanghai free trade zone and the Haixi Economic Zone. Of course, the theme hype is timeliness, until the day when APEC starts, that is, when the concept is over.

Although Mexico announced the cancellation of the "Mexico high-speed rail" tender of China Railway Construction (601186) on Friday, it poured cold water on China's manufacturing to the world, but this is not the fundamental reason for the closing of the market. The key to the problem is the stock market game rule. High speed rail is only part of China's capacity to go abroad. Surplus The predicament is more symbolic than the essence. The crisis of our traditional industries can not be solved by a single event. The speculation of the current silk road concept is only the result of the speculation of cyclical stocks, which is far from the grand strategy of China's industrial upgrading. The technical resistance of the Shanghai Stock Index hitting 2448 points is the reason for the market to fall.

Recently, with many institutional investors to exchange views on the market, the general answer is "optimistic about the market, but do not know what to fry". It should be said that due to the drop in property, Policy easing It has brought a strong liquidity foundation to the market. It has brought the investor's bottom line. But from another point of view, the economic data has continued to slide, the US dollar index has skyrocketed and commodity prices have plummeted. No one can see clearly the logic of the continuous rise of the stock market. That is to say, even if you have money, what stocks can continue to rise, no one can say clearly. This time, the "Silk Road" stocks that we hyped up are mostly cyclical stocks with overcapacity and declining performance. In the short term, the theme of speculation can be achieved. Long term stock ownership may not be that daring. To take the hottest high-speed rail industry, even if we go abroad, we must be strict in terms of price and low price. That being the case, why don't we get better?

Of course, in the long run, " Generation by generation "And" maritime Silk Road "is not just a concept. It is an economic means and carrier for our country to rise again. It is still a long way to go before the implementation of the goal. The ideals are exciting and frustrating. This APEC meeting will lead to a fierce game between China and the United States in the face of the leading power of the world economy. The cancellation of Mexico high-speed rail's bidding is just a drag. There are still many stories behind it. The road is tortuous. Investors need to look for it again and again.

There will be plenty of opportunities for the "one belt and one way" plan. We need not be discouraged. After the following week's meeting and the full arrangement of the market, we will also find investment highlights. The next week needs patience.