The National Frequency will trillions of major favorable policies, and the Shanghai Index quickly become popular!Which sections are expected to dance in the wind?

Zhongxin Jingwei, August 25th (Dong Xiangyi) Today, the three major A -share indexes are widely opened, and on the market, more than 2,800 shares fluttering, infrastructure, electricity, oil and gas mining and other sectors have led the rise. , But quickly turned red under the drive of the coal and oil sector.

A shares recovery, the policy is warm and winding.

The executive meeting of the State Council held on August 24, deploying the continuation policy and measures to deploy a policy of stabilizing the economy, and consolidated the foundation of economic recovery development; decided to increase the amount of policy development financial instruments and use the special debt deposit limit in accordance with the law, and then issue agricultural capital again to issue agricultural capital Subsidies and support for the issuance of debt financing of power generation enterprises; determine measures to slowly pay a group of administrative fees and support the development of private enterprises to ensure that the market entities guarantee employment; ; Deployment to do a good job of drought resistance and strengthen financial resources support.

The number of continuation policies mentioned by the National Frequency will increase, exceeding trillion. Many brokerage companies said that a series of recently stable investment policies have released a strong signal of steady growth. By driving infrastructure to promote economic recovery, policies will continue to support economic recovery, and at the same time, they can also boost market confidence.

Add code! 19 stable economic continuation policies were introduced

In the first half of this year, the State Frequently decided to deploy 33 stable economic measures in 6 aspects, and strived to promote the return of the economy to normal track and stabilized the basic economic disk.

On the 24th, the country often requires the implementation of a policy of stabilizing the economy, and then implements 19 continuation policies to form a combined effect, promote the stability of economic stability, maintain operation in a reasonable range, and strive to strive for the best results. Specifically:

The first is to increase the amount of more than 300 billion yuan on the basis of 300 billion yuan in policy development financial instruments. This can not only increase effective investment and consumption, but also help to respond to insufficient loan demand. Continue to release the reform of the loan market quotation interest rate reform and conduction effect, and reduce the cost of corporate financing and personal consumer credit.

The second is to approve a batch of mature infrastructure and other projects. The project must be effective and ensure the quality, and prevent the misappropriation of funds. Introduce measures to support the development and investment of private enterprises, and promote the healthy and sustainable development of the platform. Allows local "one city, one policy" to flexibly use credit policies such as credit to reasonably support rigid and improved housing needs. Provide convenience for business personnel to enter and exit.

Third, a group of administrative fees are paid slowly for a quarter, and local and micro enterprises and individual industrial and commercial household loan risk compensation funds are encouraged.

The fourth is to support the issuance of 200 billion yuan in energy insurance for special bonds, such as central power generation enterprises. This year, it has issued 30 billion yuan of agricultural capital subsidies to issue another 10 billion yuan.

Fifth, continue to grasp the logistics and keep it well.

Sixth, the central government is promoted and the local government is responsible for implementation.

Luo Zhiheng, chief economist of Yuekai Securities and Dean of the Institute of Research, told the "V-View Finance Report" (WeChat ID: VG-View) that from the perspective of the macro situation, the current deployment increased fiscal policies to support the real economy. Economic recovery is not as good as expected and social employment still has greater pressure. The intention is to promote demand to recover as soon as possible, stabilize the economic market, and promote employment stability.

Yang Delong, chief economist of Qianhai Open Source Fund, believes that "the State will further emphasize that it is necessary to stabilize economic growth through continuous policy measures and stabilize economic growth to protect people's livelihood. This is also an important task at present."

In response to the use of special debt deposits, Luo Zhiheng said that at the end of 2021, the balance of local government debt was about 16.7 trillion yuan, and the limit of the year was 18.2 trillion yuan. 100 million is the theoretical amount. In fact, it is also limited by project reserves and debt repayment capacity in various regions. Therefore, it is currently proposed that the use of 500 billion yuan in deposits is proposed.

Luo Zhiheng said that this year's developed regions have been affected by the real estate market, and land transfer revenue has also been impacted. The overall financial pressure is greater than in previous years. The use limit can appropriately alleviate the financial pressure in some regions and promote infrastructure.

A shares "Liu Dark Huaming another village"?

Yesterday, the A -share market was tested again. The three major stock indexes fell across the board, of which the Shanghai index fell 1.86%, and the GEM index fell 3.64%. Electronics, automobiles, and electricity equipment led the decline, with a decline of more than 4%.

The continuation policy and measures of the State Council of the Stability of the Economic Package. Will A -shares "Liu Danhua Ming Village"?

"Under the promotion of the favorable policies, the rebound was immediately touched." Li Daxiao, the British Securities, told the "V viewing report" that the policy level was introduced at the policy level last night. Following the 33 stable economic growth measures Subsequent measures, which specially involved key areas such as supporting just needs and improving housing demand, introducing measures to support the development and investment of private enterprises, and promoting the economic health and sustainable development of the platform. They all have targeted favorable policies. The stock market will have a positive response.

Yang Delong believes that due to the influence of super -expected factors this year, the economic growth rate has fallen significantly, especially in the second quarter. In the second half of the year, due to the rise in the demand for the economy itself and the policy of stimulating the economy gradually, the economy is expected to recover, but the recovery itself is still affected by many factors. The trend of economic recovery has been determined, but the strength is not high, which also affects the overall performance of the A -share market. From the perspective of the industry, the country often mentioned the industries such as electricity, agriculture, infrastructure construction. From the perspective of today's market performance, the infrastructure and power sectors have taken up the banner of leading. As of press time, Yundian International has risen by over 7%. Wait for the rise.

Chen Li, chief economist of Chuancai Securities and director of the Institute of Research, told the "V viewing report" that due to the high coal prices, most power companies bear to varying degrees of losses. It reduces the power generation cost of power companies from the side, and also helps related enterprises to increase the construction of "green power".

Agriculturally issued a 10 billion yuan agricultural subsidy, which is conducive to reducing the production costs of agricultural enterprises. Since this year, the world's extreme weather is frequent, and food safety is the top priority, so it is necessary to ensure food safety.

In addition, the approval of a batch of infrastructure and other projects, through the force of infrastructure, is conducive to play a "leverage" effect and a role in stabilizing the economy.

The market adjustment period should not be overly pessimistic

Looking forward to the market outlook, Chen Mengjie, an analyst at Guangdong Kaikai Securities, believes that the market will still be based on the vibration pattern, and the funds will not be willing to do much, but the environment with weak economic recovery+loose liquidity does not support the market significantly. Recently, the funds from the north are derived from attention. It is worth paying attention to 9.2 billion yuan on Tuesday and 6.6 billion yuan on Wednesday. Pay attention to the game with poor mobility marginal changes and poor performance.

Huaxia Fund believes that the market is not large, and the shock period can be bought at dips. The weak economic recovery is conducive to the market focusing on the growth direction of performance. The trend of high prosperity of new energy and other sectors has not seen an inflection point, and falling is still an opportunity. From the perspective of performance, the current second quarterly report shows that the core enterprise has strong market competitiveness, and the performance outlook for the third quarter is also optimistic.

Shanxi Securities believes that the current market itself is in the medium -term adjustment stage. The early rebound is more of the short repair brought by the interim report, which means that the market has returned to adjustment. With the end of the A -shares entering the interim report disclosure, the current stage of A shares needs to be paid attention to: as the steady growth tone moves down, if the real estate sales cannot be recovered, the downward pressure of the domestic economy will continue to increase; Whether it is smoothly transmitted to the stock market.

In terms of strategy, Hua'an Securities stated that there is a slight balance in the short term, but the main line of growth is still. Under the acceleration of the current industry rotation, it is recommended to have a balanced configuration, and it is optimistic about the three main lines of growth, stable growth and consumption restoration. LPR interest rates decline, short -term liquidity width, and the high prosperity of the industry continues, and the growth of the hot track is still expected to continue to dominate. In addition, the low -term adjustment of the long -term adjustment is not changed. In addition Dao such as autonomous controllable, domestic replacement, etc. In addition, the new and old infrastructure and real estate are worthy of attention as a stable growth. The main line of consumption restoration is optimistic about the structural allocation opportunities such as the aquaculture, cars, and liquor beer.

Minsheng Securities Research Report pointed out that at the moment, in view of the attention of old energy as a global transaction, it is recommended: power coal, oil and gas and electricity, and the elasticity of industrial metals (aluminum, copper) in demand expectations should not be ignored. Energy's spatial mismatch (oil transportation) and gold; reimbursement for Chinese demand is expected to pay attention: real estate, liquor, and pure alkali; the way of focusing on inflation in the growth field: national defense military workers, Yuan universe. (Zhongxin Jingwei APP)

(The views in the article are for reference only, do not constitute investment suggestions, have risks in investment, and need to be cautious to enter the market.)

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