Hot Money Returns To The Main Board Market, But The Growth Enterprise Market Indicates A Weak Trend.

This week, the A share market has shifted its focus upward. Gem A weak trend, especially on Friday. In this regard, insiders pointed out that this is mainly due to hot money back to the main board market. Of course, the existence of short-term pressure is not a bad thing for the medium and long term funds. Because the medium and long term funds can use short-term pressure, at a lower price, leisurely layout of the future growth of more optimistic varieties, especially emerging industry segments, medical service industry shares, the former such as diving business in the sneak stock, the latter such as Wanfu biological, Kelite and other medical service stocks.

The disk shows the concept of the Chinese prefix represented by engineering buildings and so on this week. A shares Popular varieties have greatly attracted the attention of hot money stocks. This also makes gem not only lacks the nourishment of incremental funds, but also faces the selling pressure brought by the hot money returning to the main board. Behind this trend, it shows that hot money has been reexamining the current direction of industrial development. On the one hand, with the gradual landing of PPP projects, the orders of listed companies such as engineering construction and other related industries are increasing sharply, and the future main business revenue and net profit scale are expected to increase rapidly.

On the other hand, the dividend of the mobile Internet industry has subsided, and the gem represents the lack of a market that resonates with the hot money in the market. What is even more disadvantageous is that there is no faster growth expectation and a higher valuation coordinate of A shares. Such industry development trend and valuation coordinates will push the hot money to the Sino prefix concept stocks with both the valuation of the low-lying land and the gradual growth of the PPP project.

Analysts pointed out that in the next period of time, the GEM may be difficult to have an excess yield. First, the trend of capital returning to the main board market is expected to continue. Two, because the quarterly report of the three quarter shows that although the growth of GEM listed companies is growing rapidly, the main growth momentum does not come from the growth of existing businesses, but mainly depends on the growth of the existing businesses. Merger Integration.

At present, the M & A integration policy of A shares is stricter, especially in some movie entertainment, Internet financial industry mergers and acquisitions. Against this background, gem means that it is difficult to attract new capital. Data show that after the holiday, A shares appear on the whole as a result of the backflow of funds, but the capital of the reflow mainly adds to the engineering and power sector of the main board, while the volume of the gem refers to a relatively low volume.

In the future, the traditional heavy assets industry and enterprises will see the effectiveness of our foreign strategy as a representative. This is related to the success of our capital export, output capacity and internationalization of the RMB, and the market system of our leading Eurasian integration and interoperability. Whether we can see the achievements of the double innovation (innovation and Entrepreneurship) driven by our new industry, can we see the new kinetic energy of new economic development driven by technology and entrepreneurship?

At present, from a macro point of view, we need to observe the private sector's real economy more. If private sector investment starts to recover and grow, and efficiency will start to improve, it means that China's economic transformation has really achieved initial success. At present, the growth of investment driven economy is more from government investment, PPP is more state-owned enterprises to participate more, pay more attention to the private sector. The private sector is the most efficient and most responsive to the development of the real economy.