Next Year, A Shares Are Worth Looking Forward To.

The SFC announced yesterday evening that 8 IPO companies would restart the IPO.

With the completion of the last 8 new shares, A share issue will be purchased according to the new rules.

In addition, yesterday's Anxin securities held the 2016 strategy report. Gao Shanwen, chief economist, predicted that China's GDP growth in 2015 will be 7%, and that the potential growth rate in 2020 will be 5%-5.5%. The slowdown in China's economic growth trend is hard to avoid.

The SFC announced yesterday evening that 8 IPO companies would restart the IPO.

After the last 8 new shares have been issued, A share issue will be purchased according to the new rules, mainly including the cancellation of the current advance payment system for the new shares, and the payment of the new shares after the determination of the number of placements.

Investors shall not be allowed to purchase new shares by full power.

At the same time, the successful rate of new shares issued by the old method is still low.

Yesterday, Anxin securities investment strategy report 2016 will be held.

Gao Shanwen, chief economist of Anxin securities, predicts that in 2015, China's potential growth rate will be 7% in GDP, and the potential growth rate in 2020 will be 5%-5.5%.

Gao Shanwen believes that there are two key reasons for the decline in growth rate. First, China's demographic dividend is disappearing, and is being pferred to a negative drag; two, the high growth driven by the industrialization of heavy chemical industry in China has begun to turn, resulting in a turning point.

The sinking.

Therefore, the potential growth rate of China's economy will continue to decline, and it will be difficult to surpass 6% by 2020.

At present, as the downward trend of traditional industries is too fast and the upward momentum of pformation is insufficient, the GDP is still declining. But when the traditional industries are exhausted, the bottom of the economy will start.

In particular, the growth rate of the third industry, especially communications and information, social security, education, sports and entertainment, public facilities and other industries, has increased.

As for inflation, Gao Shan Wen judged that due to the end of the era of high wage growth of migrant workers and the next five years, the domestic grain market will be in a bear market adjustment, and the average inflation level is in a downward trend.

He predicts that from 2016 to 2020, inflation will average from 3% to 1%, which means that when the economy is very poor,

The average level may be below 1%.

It believes that the decline in the average inflation level will bring about a decline in the interest rate center of the financial market, a large number of capital outflows and deleveraging of foreign debt, and the pressure of RMB depreciation will gradually slow down.

However, the decline in exchange rates and large capital outflows do not necessarily correspond to the decline in the stock market, which can be analogous to what happened in Japan and the United States.

The central economic work conference was held in the coming days. In December 14th, the Political Bureau of the Central Committee of the Communist Party of China held a meeting to analyze and study the economic work in 2016 and study the work of the city.

People's livelihood macro management Qing you, Zhu Zhenxin analysis, that the steady progress is expected to set the tone will not change, but in fact, more emphasis on supply side reform.

In the review and summary section, this year's expression is more optimistic than last year, downplaying the pressure and risk of the economic downturn, but emphasizing "steady and good" and "completing the main objectives and tasks of this year".

Next year, A share market shocks upward, and the market is worth looking forward to.

Xu Biao said that at the beginning of next year, there may be some opportunities for big blue chips, especially in terms of index allocation opportunities.

It believes that there are two potential forces for index allocation funds, one is long-term institutional investors such as insurance and pension.

To meet the expected rate of return, the undervalued stock market will be the main choice, and the two is the impact of A shares on the MSCI system.

Strong liquidity and large scale are the main considerations for A share to be included in the MSCI component, while large cap stocks are relatively dominant.

In this process, overseas index funds form a new allocation power.

In terms of plate layout, Xu Biao believes that two areas of technology and medical care deserve attention in the future.

Among them, scientific and technological directions include quantum communication, intelligent manufacturing and robotics, and key new materials.