Huarong Securities Zhou Celve: "Hard Landing" Or Will Be Just A Cover.

Although the continuing tightening of the real estate control policy and the continued spread of the "European debt crisis" may trigger the two global bottom up effect of the global economy, the debate over whether the Chinese economy will "hard landing" or "soft landing" is increasingly fierce. However, based on our analysis of China's industrial added value, investment, consumption and export data, we believe that in the adjustment of China's economic structure, the loss of investment will sacrifice part of GDP. However, a reasonable economic structure and effective investment growth are of vital importance to the healthy operation of the whole economy. Meanwhile, the steady growth of China's consumption and the expected increase in exports will make up for the loss of GDP in investment, so the possibility of "hard landing" of China's economy is very small.

Judging from the performance of 23 industries and 20 conceptual categories, the strategic emerging industries involved 7 fields and 23 key directions of stock rising trend.

"7 areas" - energy saving, environmental protection, new information industry, bio industry, new energy, new energy vehicles, high-end equipment manufacturing industry and new materials industry shares favored by market investors.

In the seven fields, the energy saving and environmental protection is characterized by high efficiency, energy saving, advanced environmental protection and recycling; the next generation communication network, Internet of things, triple play, new flat panel display, high performance integrated circuits and high-end software in the emerging information industry; biomedicine, biological agriculture and biological manufacturing in the "Bio Industry"; nuclear energy, solar energy, wind energy and biomass energy in "new energy"; plug in hybrid electric vehicles and pure electric vehicles in "new energy vehicles"; aerospace, marine engineering equipment and high-end intelligent equipment in the "high-end equipment manufacturing industry"; the special functions and high performance composite materials in "new materials" are stronger than the general trend and other sectors. From

This week, the GEM stocks continued to fall, and the right to post the right, some medium and long-term potential varieties of stocks have new funding intervention signs, including Le Pu medical, Anke biology and other worthy of attention.

Strategy choice

Although the tightening policy of real estate and the "European debt crisis" still bothered the two cities, they still have the potential to continue to buy in the stock market.

In particular, the 7 areas of strategic emerging industries - energy saving, environmental protection, new information industry, bio industry, new energy, new energy vehicles, high-end equipment manufacturing industry and new material industries, are favored by market investors.

Strategic recommendations:

The choice of investment varieties is closely related to the 7 fields of strategic emerging industries - energy conservation, environmental protection, new information industry, bio industry, new energy, new energy vehicles, high-end equipment manufacturing industry and new materials.