Multiple positive boost, today (November 14) Shanghai and Shenzhen cities opened high, Shanghai refers to even the opening once took 3100 points, then the index quickly charged, but the attack is not enough, then the index ushered in the fall, the afternoon is to accelerate the diving, and even ushered in the green, the tail end of the plate, although there is a slight rebound, it is difficult to change the pattern of the whole day high and fall.
As of the end of the day in Shanghai and Shenzhen stock markets, the Shanghai index fell 0.13%, at 3083.4 points; SZCI fell 0.24%, at 11113.46 points; GEM index fell 1.25%, at 2375.21 points.
From the plate point of view, light index heavy individual stocks, big financial stupid, medicine and real estate plate to carry the banner of rising, technology stocks late power, industry and concept plate mixed, local money-making effect still exists. Industry, traditional Chinese medicine, insurance, chemical pharmaceuticals, medical equipment, decoration and building materials, securities, real estate development, banks and other plates rose ahead of the issue of stocks, web3.0, influenza, exclusive drugs, new crown drugs, hair medical and so on.
Funding, the People's Bank of China announced on November 14th, in order to maintain a reasonable abundance of liquidity in the banking system, the People's Bank of China on November 14th, 2022 carried out 5 billion yuan of 7-day reverse repurchase operations in the form of interest rate bidding, with the winning rate of 2.0%. Due to the expiration of 2 billion yuan of reverse repo today, the PBoC realized a net injection of 3 billion yuan in the open market today.
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1, according to Beijing Business News, November 14, the National Development and Reform Commission, the People's Bank of China, in conjunction with members of the inter-ministerial joint conference on the construction of the social credit system and other relevant departments (units) studied and drafted the "People's Republic of China *** and the State of the construction of the social credit system law (to the community for public consultation draft)", is now open for public comment. The Opinion Draft delineates 14 key areas of business integrity building, including the production area, circulation area and statistical area. Among them, the competent authorities in the field of production should focus on food, drugs, consumer goods, agricultural products and agricultural inputs, cross-regional cross-sector **** enjoy product quality credit information.
2, according to the Daily Economic News, November 14, the National Energy Board held the fourth quarter online news conference. The National Energy Board said that in the first three quarters, the new non-fossil energy power generation installed 94 million kilowatts or so, accounting for 82% of the new total installed capacity. The first batch of large-scale wind power photovoltaic bases have all been started, the second batch of projects are being started one after another, and the third batch of projects are now being pushed forward to review.
3, according to the national energy bureau on November 14, the national energy bureau of energy conservation and science and technology equipment, deputy director of the XuJiLin in the national energy bureau of the fourth quarter of the online news conference, said, "energy carbon peak carbon and standardization to enhance the action plan" is the field of energy to build the support of carbon peak carbon and the top level of the design of the standard system documents. In accordance with the idea of building a new type of standard system in the field of energy, taking deepening energy standardization reform as the driving force, following the principles of demand-driven, systematic layout, focusing on promoting and coordinating, promoting the synergistic development and coordination of government-led standards and standards independently developed by the market, and organizing and promoting the implementation of various tasks by carrying out research on the standard system, strengthening the standard system, carrying out demonstrations of the standard, and perfecting the standardization organization management system, the action plan will be implemented. Promote the implementation of various tasks.
4, according to the national health insurance bureau official website on the 14th news, 2022 January to September, the national basic medical insurance participation rate stabilized at 95%. The total income of the basic medical insurance fund (including maternity insurance) amounted to 214,911.8 million yuan, an increase of 5.5 percent year-on-year. The income of the basic medical insurance fund for employees (including maternity insurance) amounted to 1,469.095 billion yuan. The income of the Basic Medical Insurance Fund for Urban and Rural Residents was 680.22 billion yuan. The total expenditure of the basic medical insurance fund (including maternity insurance) amounted to RMB1,728.593 billion, a year-on-year decrease of 0.5%, mainly due to the payment of the new crown vaccine and inoculation costs in the same period last year, and a significant decrease in the relevant expenditure in the current period. Expenditures of the Employees' Basic Medical Insurance Fund (including maternity insurance) amounted to RMB 107,269.7 million, up 0.4% year-on-year, of which RMB 63,095 million was spent on maternity insurance benefits. Expenditures of the Basic Medical Insurance Fund for Urban and Rural Residents amounted to 655.896 billion yuan, a year-on-year decrease of 2.0%.
Institutional views
For the current market, Orient Securities believes that with the further introduction of the recent policy, the market confidence gradually recovered, the early stage will prioritize the attention of the policy benefit of the overshooting plate. Short-term market expectations of the economy upgraded, short-term stable growth plate win rate prevailed, to be scissors repair completed, will once again rotate to the growth plate. In the medium and long term industry direction to adhere to the wind storage, military, medicine, self-control, high-end manufacturing and other deterministic industries remain unchanged.
Guo Hai Securities said, at this stage, the A-share market has a configuration value, growth value are opportunities, real estate financing will repair economic expectations, real estate chain and consumer chain there are opportunities for overshooting rebound, the medium-term dimensions of attention to the growth plate, the segmentation of the field, including the development of security as well as the independent control of the two main lines.
Hua Fu Securities pointed out that the market style will be more biased towards value stocks. You can increase the allocation of financial, real estate leaders, liquor leaders and other sectors, of course, with long-term growth of semiconductors, military, etc. can also be concerned. In addition, the relevant policy adjustments, medical resource reserves in the prevention and control of the status of more important, so medical equipment, respiratory machines and other leading also deserve special attention.
Western Securities mentioned, from the structure, the three quarterly disclosure of the end of the market turned to the next year's economic expectations, pharmaceuticals, home appliances, food and beverage, financial and real estate industries, valuation switching market is gradually unfolding. Along with improving the level of scientific precision prevention and control, focusing on investment opportunities in the offline consumer industry benefiting from the uplift in foot traffic. Under the guidance of long-term policy objectives, resources and information security are closely related to agriculture, semiconductor, Xinchuang and military industries are still worthy of attention. Theme side suggests focusing on virtual reality, digital currency and other opportunities.
Cai Tong Securities believes that the short-term grasp of policy-driven "warm winter market"; long-term attention to the epidemic on the suppression of long-term demand for economic data repair, recommended trading time for the "market is expected to be revised + economic short-term high" two paragraphs; plate focus on Two main lines: one is the previous epidemic damage, when the bottom of the reversal of consumer services, the second is the construction of medical infrastructure.
Huaan Securities said the industry configuration is recommended to select taking into account the medium- and long-term advantages as well as short-term rebound elasticity, more specific: 1) the market rebound opportunities, is expected to grow the popularity of the track will not be absent, so you can continue to grasp the medium- and long-term advantages of the new energy track. Liquidity easing abundant sure, performance and boom comparative advantage to establish and market sentiment improvement, to the United States Nasdaq as a representative of the growth direction of high elasticity rebound mapping, growth popular track medium and long term advantage still exists, and after a sharp decline in the current valuation-performance is expected to cost-effective has been very good. Mainly can pay attention to new energy aspects of energy storage, photovoltaic, wind power, and new energy vehicles in the upstream materials and midstream manufacturing areas.
2)Consumer sector is recommended to pay attention to have long-term investment logic varieties. Such as equipment renewal refinancing related medical equipment and commercial; demand for highly resilient, stable performance and high growth, relatively high risk appetite for liquor; and pig prices in the medium and long term moderate recovery, performance elasticity is higher and has a swine fever vaccine R & D breakthroughs are expected under the animal health and vaccines.
3)Bullish on the overall market rebound background, the brokerage sector is expected to serve as the market weathervane. With the marginal optimization of the relevant domestic policy, the United States core inflation fell sharply, restricting the market rebound of the two core factors are gradually weakened, the market has appeared to be more positive rebound signals, in the context of the bullish market rebound as a whole, the brokerage industry is expected to achieve excess returns.
4)The real estate beta market catalyzed by the marginal relaxation of policy regulation is expected to continue to perform. The current real estate industry fundamentals have not stabilized, so the subsequent real estate incremental policy is still expected to be introduced, it is recommended to continue to pay attention.