Regarding the reason for the surge in the banking sector, West China Securities (002926) believes that it is mainly due to some event-driven partial style switching to low-value industries such as finance. In the mid- to long-term perspective, the financial mixed industry will improve How to buy stocks during call auction timethe profitability and anti-cyclicality of the industry. Data such as the PMI in June also support the expectation of an economic rebound. In July, most banks began to pay dividends. The current dividend rate is about 5%, and major banks are above 6%, and there will be some incremental capital allocation; in addition, The recent regulatory special support for capital supplementation of small and medium banks, etc. These events have all raised the market’s valuation expectations for the banking industry and increased their willingness to allocate.
Since July, the pre-disclosure in the interim reports of the two cities has entered a intensive publication time window. The pre-increasing performance of the interim report is an important factor for brokers to upgrade the buy rating of listed companies. According to incomplete statistics, 37 of the companies whose ratings have been upgraded by the agency have issued interim reports, and 27 are pre-increased, accounting for more than 70%.
Soon after, Guangzhou issued the "Implementation Opinions on Promoting the Reform, Innovation and Development of State-owned Assets and State-owned Enterprises", which clearly supports state-owned capital investment and operation companies in a market-oriented way to provide public services, high-tech, ecological and environmental protection, strategic industries, and state-owned enterprises. High-quality non-state-owned enterprises whose main business can play an important supporting or complementary role make equity investment.
The 11 major sectors of the S&P 500 index rose and fell differently. 10 major sectors closed up, and 1 major sector closed down; among them, the daily consumer goods sector led the rise, followed by the non-daily consumer goods sector and the information technology sector; with the decline in oil prices, the energy sector It was the only sector that fell.
Yesterday’s daily limit stocks such as Rongda Sensitivity, Ashi Chuang, Xinya Process, and Sanan Optoelectronics did not have any premiums today. Most of them fell all the way in late trading, which caused the big technology to appear to be weakened, although there are also new transportation themes that attract The reason for the use of funds is that market sentiment has actually fallen, and it is necessary to lighten up the position in the day. Today is a new round of technology stocks, including those from the transportation powerhouses. If there is still no premium on Monday, you have to pay attention to risk spread.
The "Securities Daily" reporter noted that as of August 12, 1,151 listed companies had disclosed the 2020 semi-annual reports, of which social security funds appeared in the list of institutional investors of 72 listed companies. Compared with the number of shares held at the end of the first quarter of this year, the social security fund increased its holdings of 25 stocks, added 17 new stocks, and reduced its holdings How to buy stocks during call auction time18 in the second quarter of this year. The holdings of the other 12 stocks remained unchanged.
However, for the three policy financial institutions to play a role in counter-cyclical adjustment, they cannot do without the liquidity support of the central bank. In 2014, in order to support shantytown reconstruction, affordable housing projects, agriculture, rural areas, and small and micro enterprises, the central bank created PSL to provide liquidity to the China Development Bank, which was later extended to three policy financial institutions. PSL is similar to targeted refinancing, which mainly flows to key areas and weak links of the national economy such as agriculture, rural areas, small and micro enterprises, and shed reform. The term is generally 3-5 years. The central bank previously disclosed that the interest rate of PSL is 1%. In May 2016, the central bank formally announced that it would issue PSLs corresponding to the specific investment loans last month to three policy financial institutions at the beginning of each month.