Selected financial news

A-share indexes hit record highs! Small-cap stocks fell extensively, 60% of stocks in the bear market

Funds established at the end of last year have been rapidly building up their positions, with cumulative fundraising of more than 300 billion yuan in November

Ministry of Commerce: upgrading the capacity of traditional consumption and accelerating the cultivation of new types of consumption

CICC's overseas allocation strategy for 2021: optimistic about "pan-China concepts "Stocks"

Chinese disease control regular meeting to study and judge a number of aggregated outbreaks, Gao Fu: to y understand the grim situation

Market Hot Spot Focus

Market Review: present "two-eight" phenomenon of division, continue to embrace the big and beautiful, stock selection focusing on the quality of each plate

Macro viewpoint: Shanghai released the state-owned enterprise reform "implementation plan", the implementation of the "second mixed reform"

Machinery industry: the momentum of the manufacturing industry recovery continues to consolidate, the Sino-European agreement to promote the process of globalization

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Key stock recommendations

See the full version of the "morning market viewpoints" (customized by the month of the path: to discover the Smaller stocks fell extensively, 60% of the stocks in the bear market

The broader index rose sharply, but individual stocks were in the green. more than 10 stocks fell more than 10%, nearly 1,000 stocks fell more than 5%. The latest data show that the A stock market value of more than 100 billion shares has reached 133, a record high. However, hundreds of billions of market capitalization stocks frequently behind the new high, small market capitalization stocks but blood loss wild fall. Data show that since December 2020, more than 100 stocks fell more than 30%, nearly 2,000 stocks fell nearly 10%. At present, in the background of the major indices have new highs, but there are many stocks are still in the bear market. Data show that more than 2,600 stocks in the latest share price below the 250-day average, accounting for more than 60% of the number of stocks in the market. This data to a greater extent means that more than 60% of the stocks in the bear market.

Established at the end of last year, the fund has been quickly built up, the cumulative fund-raising in November more than 300 billion yuan

Since the beginning of the year, the rising stock market has not only inspired the pop-up fund boom, but also urged the end of last year's establishment of the next new fund to seize the market. Data show that, although the new fund building speed is different, but the end of December last year, just established a new fund "a horse first", in just a few trading days has risen more than the continuous red SSE index, building a position faster. According to statistics, since November last year, stock-type, hybrid funds have raised more than 300 billion yuan, the gradual entry of these funds into the market or spring manic market. Yang Delong, chief economist of the Qianhai Open Source Fund, believes that the current A-share market has opened the cross-year market, and gradually evolved into a spring offensive. Now look, the spring market has just opened, the central economic work conference held at the end of last year, for the economic work in 2021 to set the tone. In the first quarter, due to the low base, the economy will see a significant recovery, and listed companies will also see a significant increase in earnings, which will bring strong support for the spring market in the first quarter.

Ministry of Commerce: enhance the traditional consumption level, accelerate the cultivation of new consumption

Minister of Commerce Wang Wentao talked about the 2021 business work point of strength: to enhance the traditional consumption level, promote the consumption of commodities, smooth automobiles, home appliances, furniture and other large items of the commodity consumption chain, and to support the local to carry out the activities of the old for the new, automobile to the countryside, etc.; to expand the consumption of services, to boost the consumption of food and beverage, and to promote the quality of home services to expand the capacity. Promote the quality and expansion of domestic services. It will accelerate the cultivation of new types of consumption, encourage enterprises to use 5G, the Internet of Things and other information technologies to accelerate the digitalization and intelligent transformation of brick-and-mortar businesses, and satisfy personalized and customized consumption demand. It will unswervingly expand opening up, continue to relax market access, implement the new version of the negative list of foreign investment access and encourage foreign investment in industrial directory, promote the establishment of additional comprehensive pilot projects to expand opening up of the service industry, and innovate and upgrade the state-level economic development zones.

CICC's 2021 overseas allocation strategy: optimistic about the "pan-China concept" stocks

CICC pointed out that, looking ahead to 2021, compared to the epidemic is difficult to control, policy overdraft in Europe and the United States, the policy is more robust, the future of the initiative to adjust the space can be considerable, the ability of China to withstand a variety of risks is higher. ability is higher, and the certainty of recovery is still the highest in the world. At the same time, due to various unfavorable factors that have depressed valuations in recent years (e.g., the US-China trade dispute, instability in Hong Kong, domestic and international policy uncertainty surrounding Chinese technology companies), Chinese assets are still relatively under-accepted by overseas investors. Valuations of "pan-China" stocks are currently lower than developed markets and significantly lower than A-shares. Driven by recovering fundamentals, the valuation of "pan-China" stocks cannot be ruled out to rise further.

China's CDC held a regular meeting to study and judge a number of aggregated outbreaks, and Gao Fu: we need to y understand the grim situation

January 6, China's CDC convened the 43rd regular meeting of the first-level response to the new Crown pneumonia outbreak to analyze and judge a number of aggregated outbreaks of the new Crown pneumonia that have occurred in the country since November 2020, which is the first time in China's history that the CDC has held a regular meeting of the first-level response to the new Crown pneumonia outbreak. CDC Director Gao Fu attended the meeting via video link from the outbreak prevention and control site in Hebei. Gao pointed out that the Center should be y aware of the severe situation of the recent multi-point and local aggregation outbreaks in China, and carry out timely analysis and judgment to mobilize all units and departments of the Center to do a good job of technical and personnel reserves, and to resolutely complete the difficult task of preventing and controlling the outbreaks in the winter and spring, especially before and after the Chinese New Year.

(Investment Advisor: Lin Xu Rui, Practice Certificate No. S0260615100004)

Two, the market hot spot focus

Market review: show "two-eight" phenomenon, continue to embrace the big and beautiful, selecting stocks focus on the plate of high-quality leading

The major stock indexes continue to continue to vibrate on Thursday. Thursday, the major stock indexes continue to continue to oscillate rebound. The Shanghai index realized six consecutive sun, as of the close, the Shanghai index rose 0.71% to close at 3576.2 points; Shenzhen Chengxin index rose 1.11% to close at 15356.4 points; GEM index rose 1.52% to close at 3162.4 points. The two cities turnover 1216.5 billion, compared with the previous trading day mild volume. On the disk, engineering machinery, cobalt, lithium batteries, state-owned enterprises and other plates rose, registration system sub-new, information security, digital currency and other plates fell ahead. Overall, the market is still maintaining the structural market. Stocks in the two cities appeared "two-eight" polarization serious phenomenon, the market continues to embrace the big and beautiful, institutional embrace the phenomenon continues to be staged, but the high chips appeared to be local signs of loosening, the operation of low suction hot plate stocks are mainly, high profit taking. The idea of stock selection should be strengthened to focus on each plate quality leader. It is recommended that the market can continue to focus on the leading stocks in the plate, high market value + fund positions. Plates can focus on new infrastructure, engineering machinery, brokerage, food and beverage, lithium batteries, etc., another tip on the poor performance of high valuation theme stocks to be appropriately vigilant to avoid. The stock market is risky, investment need to be cautious.

(Investment adviser? Gou Zhixiong? Registered investment adviser certificate number: S02606611020066)

Macro viewpoint: Shanghai released the state-owned enterprise reform "implementation program" to implement the "second mixed reform"

Event: In order to comprehensively implement the CPC Central Committee, the State Council's relevant decision-making and deployment of the State-owned enterprise reform Three-year action program (2020-2022), to promote the implementation of the action program in Shanghai, combined with the development of regional comprehensive reform of state-owned enterprises experiment, Shanghai has recently studied and formulated the Shanghai Municipality to implement the "three-year action program for the reform of State-owned Enterprises (2020-2022)," the implementation of the program (hereinafter referred to as the "implementation of the program").

Comment: Shanghai's state-owned enterprises play a pivotal role in the city's economic and social development. Deepen the reform of state-owned enterprises, promote enterprise development, is the new situation to adhere to the main position of public ownership, enhance the vitality of the state-owned economy, control and influence of the inevitable choice, the reform and opening up of Shanghai and the construction of socialist modernization is of great significance to the modernization of the country to promote the protection of the people's **** with the interests also has a positive impact. In recent years, Shanghai in accordance with the CPC Central Committee, the State Council's deployment, adhere to the institutional mechanism innovation as the focus, and fully promote the reform and development of state-owned enterprises, so that the competitiveness of state-owned enterprises significantly improve the strength of the state-owned economy has been strengthened, from the news overall is good for the state-owned enterprises mixed enterprises, especially involving the Shanghai local mixed standard, more worthwhile to focus on grasping the relevant investment opportunities.

(Investment Advisor Gu Zhixiong Registered Investment Advisor Certificate No.: S02606611020066)

Mechanical industry: the momentum of the manufacturing recovery continues to be consolidated, the China-EU agreement to promote the process of globalization

Events: fixed-asset investment is further good, the high degree of prosperity of the construction machinery is supported. 2020 1-11 fixed-asset investment growth rate rose 2.6% year-on-year, while the growth rate of the construction machinery is supported by a high degree of economic growth. Investment growth rate rose 2.6% year-on-year, an increase of 0.8% year-on-year. Real estate investment benefited from the completion of the cycle and the sales side of the good, year-on-year growth rate of 6.8%; infrastructure investment basically recovered to the level of the same period last year. 1-November infrastructure investment rose 3.32% year-on-year, or 0.31 percentage points more than the 1-October expansion. In the "six stable" under the guidance of the target, is expected to continue to infrastructure, become an important driving force for stable growth.

Comment: China-EU investment agreement reached to the machinery manufacturing industry to bring new opportunities. 2020 December 30, China and European leaders *** with the announcement of the scheduled completion of the China-EU investment agreement negotiations. China-EU investment agreement, will relax market access in manufacturing and other industries, reduce investment barriers, promote trade liberalization, and promote economic globalization. The EU will open up a larger market to China to provide a more secure investment environment, will accelerate the global economic recovery, along with the overall domestic environment, the machinery manufacturing industry will get more market opportunities, is expected to continue to benefit from the relevant leading companies.

(Investment Advisor Gu Zhixiong Registered Investment Advisor Certificate No.: S02606611020066)

Three key stocks recommended

See the full version of the "morning market viewpoints" (customized by the path of the month: discovery - information - information products - information - morning market viewpoints; a single customized path: discovery - Gold Medal of appreciation shares - morning market viewpoint)