Niu Wenxin: A Share "Mad Cow" Mode Needs Adjustment

It is said that the A share "slow cow" mode has been opened and whether the gem can sit on the "bull's head"? This is interpreted by CCTV securities information executive editor and chief news commentator Niu Wen.

Reporter: is the A share "mad cow" mode switched to "slow cow" mode?

Niu Wenxin: I think there is a need for some adjustment. This adjustment is normal. We say that the bull market is a little far away from today and tomorrow.

The bull market and bear market are a long-term trend of judgement, so judging from the long-term trend, I think the bull market has started now, and some pitions are hard to avoid.

Especially in the case of two cattle, some pitional situations are pformed into so-called mad cows. In fact, this pitional behavior needs to be adjusted, and I think this adjustment will affect the long-term stock market trend.

Reporter: in the long run, do you think the rhythm is a long term or a long time for a mad cow?

Niu Wenxin: we certainly hope to be a slow cow process, but the market has its own rules, so what is the market like, or is there a very hot situation in the near future? We can not exclude such a possibility.

But if investors see such a possibility, or see such a real market situation, we must see that market conditions are not sustainable, so be careful, callbacks are inevitable.

In fact, we have seen that after the completion of this round, the adjustment of the weekly line level has begun, and the depth of the adjustment is not clear now.

I think investors should have confidence in the stock market in the long run instead of looking at the short-term process.

Reporter: the adjustment of the weekly line level has begun, but it is still a short-term behavior. It can still be seen for a long time. But if there is a long-term perspective, what do you prefer?

Niu Wenxin: we still adhere to the strategic industries that are strongly supported by the national industrial policy, and have the industry of definite growth opportunities. I think the growth cycle of this industry should be 5 to 10 years, so now it has just begun, and it is still early from the mature period, so these industries should be highly concerned.

Niu Wenxin: there are many such emerging industries in small and medium sized boards and gem, but their size is small after all. I think the pformation of China's entire industry is not going to turn out if there are no big enterprises involved.

Therefore, we should see that there are actually some big enterprises that are engaged in such a process of new industries. The participation of large enterprises can really have enough volume to make China's economic pformation a necessary industry, so it may not be all in the small and medium sized boards. We should pay more attention to some stocks in the main board market with the concept of emerging industries, because their P / E ratio is much lower than that of the gem.

Niu Wenxin: it is very important that when we look at stocks, we say that it has a very good historical background, its traditional cash is very abundant, then it has passed on to new industries, or new industries have sprouted up in this industry. This supports more new industries, and their experience is more abundant and may turn faster, so everything is relative.

Reporter: finally, I want to listen to the point of view of finance. Now that the industry has gone through the recent surge, it is getting bigger and bigger. What do you think about the future of finance?

Niu Wenxin: finance needs a process. The real economy can only get a good financial risk, so it is better to be optimistic about the real economy rather than a good financial industry.

All recent central initiatives are aimed at reducing the financing costs of the real economy and creating a better environment for them to survive.

If this process can go smoothly, if the stock market's rise can bring a large number of equity financing and reduce the debt ratio of real economy, finance will be pformed from the high risk in the past to low risk.