Shanghai And Hong Kong Help Blue Chips Strong Market

At the close, the Shanghai Composite Index closed at 2473.67 points, up 55.50 points, or 2.30%, and Shenzhen stock index closed at 8410.22 points, up 175.35 points, or 2.13%, while the Shanghai and Shenzhen two cities traded at 435 billion 772 million yuan.

In contrast, the SME board index rose 0.69%, closing at 5533.83 points, and the gem index fell 0.51%, closing at 1514.82.

In terms of industry,

CITIC iron and steel, construction and pport index (1242.35,12.750,1.04%) rose by 3.90, 3.83% and 3.65% respectively, compared with CITIC defense industry and computer index.

They fell by 0.19% and 0.03% respectively.

In terms of concept, the Silk Road, Xinjiang regional revitalization and nuclear power nuclear power index rose by 5.02%, 4.67% and 4.04% respectively.

By contrast, food safety, garbage generation and online education index fell by 1.25%, 0.88% and 0.85% respectively.

On the news side,

On the morning of 10, the official micro-blog announced that the China Securities Regulatory Commission and the Hongkong securities and Futures Commission decided to approve the Shanghai stock exchange, The Stock Exchange of HongKong Limited, China Securities Depository and Clearing Co., Ltd. and Hongkong Central Clearing Co., Ltd. officially launched the pilot scheme for interconnection of Shanghai and Hong Kong stock exchanges.

The Shanghai and Hong Kong stock exchanges will start in November 17, 2014.

Affected by the landing of Shanghai and Hong Kong, the overall performance of blue chip stocks is strong today.

Analysts pointed out that in the short term, the opening of Shanghai and Hong Kong through the opening of the capital valve, contribute to the further interpretation of the blue chip market, the stock index is expected to continue to expand space.

From the medium to long term, Shanghai and Hong Kong will boost the internationalization of China's capital market, and help to establish the value investment philosophy of A shares and the valuation correction mechanism of large blue chips.

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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 government attaches great importance to the market, 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 going abroad is only part of the solution to China's excess capacity. The symbolic significance is greater than the essence. The crisis of China's traditional industries can not be solved on a temporary basis.

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 because of the drop in real estate and loose policy, it has brought a strong liquidity foundation to the market. It has brought the investor's integrity. But from another angle, the economic data continues to decline, the US dollar index soared and the commodity prices plummet. No one can see clearly the logic of the stock market going up continuously.

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, "one generation and one road" and "maritime Silk Road" are not just concepts. They are the economic means and carriers for our country to rise again. Only the implementation of the target still needs a long way to go. 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 trend 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, and 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.