New energy sector is favored

In the context of the market's concerns about the global stock market vibration, the A -share market is "exclusive". Although the A -share market fell sharply in the first half of this year, as of the end of June, the Shanghai Stock Exchange Index had a cumulative decline of only 7%in half a year, and the Shanghai Index returned to the 3400 -point mark. In the past 2 months, the A -share market has rebounded, and the decline has gradually narrowed. The relatively strong asset returns have also attracted more and more northbound funds to flow into the Chinese stock market, and use new energy sectors as the main investment target.

Since the second quarter, especially in recent times, under the increase in the increase in photovoltaic, lithium battery, and new energy vehicles, the northbound funds have continued to flow in. As of June 30, the market value of northbound capital holding was 2.57 trillion yuan. Among them, the net purchase volume in June reached 72.9 billion yuan, which was more than three times over May, a new high of the year.

According to foreign statistics, 30 shares have been added to the north for 7 consecutive weeks, and there are 8 new energy and chemical industries. Among them, Hualu Hengsheng was 19.57 million shares, 24.95 million shares of sea oil projects, 29.32 million shares of national porcelain materials, 6.05 million shares of Yangnong Chemical, 13.96 million shares of Hongda Xingye, 91.4 million shares of Chinese boulder, oriental Yuhong 5879 5879 Thousands of shares and Tongwei shares 44.45 million shares.

In the industry, the new energy sector is favored and is inseparable from national industrial policies.

In May of this year, the General Office of the State Council forwarded the National Development and Reform Commission and the National Energy Administration's "Implementation Plan on Promoting the High -quality Development of New Energy in the New Era" that by 2030, the total capacity of domestic wind power and solar power generation machines will reach the goal of more than 1.2 billion kilowatts. Accelerate the construction of a clean and low -carbon, safe and efficient energy system. This escorts new energy and fast development.

The domestic economic recovery is also favored by foreign capital. "With the improvement of the epidemic and the continuous release of policy effects, industrial production in various places has steadily recovered. In May, most industries and products have been rebounded. Among the 41 industries in the industry, the value -added of the 25 industries has increased, with a growth rate of 61%; The value -added growth rate of 33 industries has accelerated or reduced from last month, accounting for 80.5%. "Guan Bing, director of the Institute of Industrial Economics of the Institute of Industrial Economics, said that the steady growth of high -tech manufacturing has continued to lead the role. In May, the added value of high -tech manufacturing industry increased by 4.3%, which was 0.3 percentage points accelerated from last month. Among them, the output of new materials such as ultra -white glass, new energy vehicles, single crystal silicon, carbon fibers and their composite materials for solar industry increased by 114.9, respectively. %, 108.3%, 49.8%, 22.3%.

It is worth noting that on June 24th, the China Securities Regulatory Commission issued the "Announcement on the Integrated Fund Integrated Fund Integrated and Interconnected Related Arrangements". Subsequently, the Shanghai and Shenzhen Exchange released the implementation of the Shanghai -Shenzhen -Hong Kong Stock Connect business, which clarified that the ETF was first included in the relevant arrangements of the Shanghai -Shenzhen -Hong Kong Stock Connect. From the perspective of industry insiders, Shanghai -Shenzhen -Hong Kong Stock Connect is an important channel for China's capital market to achieve two -way opening, which is not only conducive to enriching the types of transaction products, but also provides more convenience for foreign capital to enter the Chinese capital market.

Zhang Wei, a senior analyst at Funton China manufacturing industry, said that with the previous valuation of the new energy industry, the prospects for the improvement of medium and long -term penetration rates are unchanged. At present, it is a good time to configure. Many Chinese photovoltaic companies are export -oriented enterprises. With the release of silicon material capacity in the second half of 2022, this will further stabilize the price of the industrial chain products, and the dislocation of logistics and supply chain will gradually pass. Strong light storage demand will provide guarantee for photovoltaic investment.

UBS wealth management is optimistic about energy metals and resource standards including renewable energy stocks.

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