The Ministry of Commerce, the National Development and Reform Commission and the Health and Health Commission jointly issued a notice to stabilize automobile consumption. A big wave of policies is on the way, and the vehicle companies of A shares and H shares have risen sharply, becoming the vanguard of the stock market bottoming out.
Text/"Autobots" Rolling
On March 23rd, the Federal Reserve announced the opening of "unlimited" quantitative easing monetary policy to solve the current liquidity crisis. When the news came out, global stock markets rebounded sharply. On March 24th, A shares stepped out of the "V" shape, with the Shanghai Composite Index up 2.34% and the Growth Enterprise Market up 2.73%. What is rare is that among more than 5 industry sectors, the automobile category rose by 4.43% that day, ranking first in the increase list, which is a sight that has not been seen for many years.
The vehicle manufacturers with daily increase of over 5% are: china grand auto, Great Wall Motor and Beiqi Blue Valley, Changan Automobile rose by 8.33%, SAIC Group by 7.34%, Yutong Bus by 7.29%, faw xiali by 7.%, Jianghuai Automobile by 6.5%, China Heavy Duty Truck by 6.18%, jiangling motors by 5.9% and Guangzhou Automobile Group by 5.77.
H shares are equally crazy, with Dongfeng Group's shares rising by 11.9%, Brilliance China by 14.17%, Great Wall Motor by 11.95% and Geely Automobile by 1.7%. China National Heavy Duty Truck rose 5.5%, Guangzhou Automobile Group rose 7.23%, and BAIC rose 5.38%.
The reason for the general increase of vehicle listed companies is that on March 23rd, the General Office of the Ministry of Commerce, the General Office of the National Development and Reform Commission and the General Office of the National Health and Wellness Commission jointly issued the Notice on Supporting the Service Industry of Commercial Circulation Enterprises, which pointed out that in order to stabilize automobile consumption, local commercial authorities should actively promote the introduction of new car purchase subsidies, "trade-in" subsidies for automobiles, cancel the restrictions on pickup trucks entering the city, promote the convenient trading of used cars, organize automobile promotion activities, and implement automobile purchase restriction measures.
not long ago, the Ministry of industry and information technology issued the Guiding Opinions on Orderly Promoting Enterprises in the Industrial Communication Industry to Resume Work and Production, which also clearly stated that it is necessary to actively stabilize traditional bulk consumption such as automobiles, encourage areas where automobile purchases are restricted to appropriately increase the license plate quota, and drive the consumption of automobiles and related products. Subsequently, on March 2, the Ministry of Industry and Information Technology reiterated its emphasis on the above content, which shows its importance.
Wang Bin, deputy director of the Market Operation Department of the Ministry of Commerce, revealed at an online news conference held by the Ministry of Commerce that the Ministry of Commerce will work with relevant departments to study and introduce policies and measures to further stabilize automobile consumption and reduce the impact of the epidemic on automobile consumption. At the same time, all localities are encouraged to introduce measures to promote the consumption of new energy vehicles according to local conditions, increase the restrictions on the purchase of traditional vehicles and carry out the "trade-in" of vehicles to promote automobile consumption.
since last week, the resumption of work in various places has entered an accelerated stage, primary and secondary schools have resumed classes, and major supermarkets have begun to resume normal business. According to the survey data of the Federation, the traffic of some 4S stores in early March has returned to the same period last year. The Federation expects that the sales volume of passenger cars will drop by 35% in March, which is better than the expected decline of 4%-5%, and there is a significant rebound compared with February. It is expected that the market operation activities will further pick up in April.
in terms of commercial vehicles, an agency survey said that it will drop by 2% year-on-year in March, among which the demand for engineering-related vehicles is strong, and the commercial vehicle market is significantly better than the passenger car market. According to estimates, the sales volume of heavy trucks is consistent with the data trend of construction machinery and cement shipments, reflecting the strong demand for infrastructure investment in various places, and counter-cyclical regulation is playing an effect.
One of the important reasons why Great Wall Motor is in the top position is that it is a leading pickup truck company, and the three ministries and commissions proposed to cancel the restrictions on pickup trucks entering the city, which is more beneficial to it.
Another reason for Big bounce's auto stocks is the low valuation, which has released pessimism to a great extent. According to institutional calculations, taking SAIC as an example, the company's valuation has been lower than that in the 28 financial crisis, reaching the lowest level in history.
The Fed has fully learned from the experience and lessons that monetary policy was not "fast, accurate and firm" during the financial crisis in 28. This time, it announced the opening of "unlimited" loose monetary policy at the first time, obviously to nip the liquidity crisis in the bud. Although the spread of the global epidemic has not been controlled, it is difficult to estimate the extent to which the economy will decline, but solving the urgent need of liquidity is crucial to the normal operation of the global financial system. The Fed's strategy of exchanging time for space has been praised by the global capital market with actions.
how the automobile industry in China will develop in the future is also a very important issue for the regulatory authorities. Both policy and market development deserve special attention. Which enterprise can better seize the opportunity will be in an advantageous position in the further integration of the industry. (Text/"Autobot" Rolling, part of the picture source network) Copyright statement This article is the exclusive original manuscript of Autobot, and the copyright belongs to Autobot.
This article comes from the author of Chejia, car home, and does not represent car home's standpoint.