Insisting On Value Investing And Rational Investors As King

The Shanghai and Shenzhen stock markets had a big drop in January this year, and then gradually recovered, but the market has been relatively moderate, with a slow pace up to three retreat two.

However, after entering the October, the trend has been enhanced. Over the past month, the Shanghai Composite Index has risen about 200 points, the best performance of the stock market this year.

However, this trend is still not satisfactory compared with the previous market or investors' expectations of the stock market.

Many people are discussing why the market has become so lacking in vitality and passion.

Of course, there are many answers, but in my view, the most important, or most critical, is the lack of liquidity in the market.

More frankly, in the context of accelerating expansion,

But it is very limited, basically based on the stock game, which will inevitably lead to the ups and downs of the market.

Last year, the stock market could go up. One of the most important factors was the influx of funds from various sources to the stock market. Of course, there were legitimate assets, including the leveraged funds entered through "dual financing" channels, but it is undeniable that a large number of them were illegal illegal funds.

In fact, these funds may be more than legal ones, so once they are expelled from the market, the stock market will naturally fall.

Even if the introduction of the legitimate "national team" funds, but a limited number, and second, the purpose of its entry is to stabilize the market, so the operation can not be too active, in most cases is mainly "lock up".

The opening hours of Shenzhen and Hong Kong were finally settled.

At 7 o'clock tonight, the China Securities Regulatory Commission and the Hongkong Securities Regulatory Commission jointly announced that Shenzhen Hong Kong Tong will be officially launched in December 5th.

Subsequently, the Shenzhen Stock Exchange issued the Shenzhen Hong Kong pass.

The stock list and the first batch of participants involved in the Hong Kong stock exchange business paction.

Li Daxiao, chief economist of British securities, pointed out that the opening of Shenzhen Hong Kong Tong marked the new stage of full liberalization of China's stock market, but for Chinese investors, it is still imperative to adhere to rational investment in value investing.

"The Hongkong stock market has very good boss companies, and some stocks have been undervalued in the international market for a long time. It is worth studying the value investors in the mainland and hiding a lot of investment opportunities. Meanwhile, the Hongkong market has its unique rules of operation, investor structure and investment culture, and it is worth learning from mainland investors."

Li Daxiao pointed out that, however, there are many investment risks in Hongkong stock market, which is worthy of great attention from mainland investors.

Shenzhen stock market also has many investment opportunities, and there are also some investment risks caused by overestimation of some stocks. It is worth Hongkong investors to study carefully and grasp investment opportunities to avoid investment risks.

Prior to that, Li Xiaojia, chief executive of HKEx, said at the press conference that the daily limit was set up after the opening of Shenzhen Hong Kong Tong, because the daily quota measures could still provide a buffer if there was a massive flow of capital.

"Shanghai and Hong Kong have been running smoothly and safely for two years. It is not easy to run a long period of time without being criticized too much. The total amount of cancellation reflects the high confidence in interconnection and the elimination of uncertainty. As for the maintenance of the daily quota, we intend to brake the market for everyone, so as to prevent market performance from being too violent."

Li Xiaojia said.

about

13 billion yuan, and the daily limit of HK $10 billion 500 million, Li Daxiao pointed out: "due to the experience and channels of Shanghai and Hong Kong through two years of operation, it is estimated that Shenzhen Hong Kong Tong will operate orderly.

The probability of extreme events is low. "

That evening, the Shenzhen Stock Exchange and its securities trading service company (China Chuang Ying Market Service Co., Ltd.) issued 4 business notifications, and made clear to the market the names of the participants in the Hong Kong and Shenzhen Stock Exchange, the trading day arrangement, the first batch of members participating in the business, the disclosure of the designated information and so on.