Major Indexes Of A Share Are Down, And Information Misreading Must Be Eliminated.

In the past one or two weeks, the A stock index has collapsed, and the Shanghai Stock Index weekly line is four successive Yin. It is not so much a misreading of the market's authoritative articles about the "L growth" in the next few years.

On Friday, the SFC news conference said, "supporting eligible companies in financing and mergers and acquisitions, the relevant policies have not changed. If there is any modification or adjustment in the future, it will be announced to the public through formal channels". This means that the SFC's policy adjustments to the recent market rumors will not be carried out in the short term, but there is still possibility of adjustment in the medium term.

Therefore, people do not have to fear, complain or contradict the new management policy of the management, nor worry too much that the market index will continue to fall, and will fall below the double bottom of 2638 points. Only when facing reality, seeing changes, responding positively, changing strategies, changing positions and changing stocks, and making rational arrangements, can they become the winners in the structural adjustment of the big market.

1, regulation of chaos is indeed necessary.

In just a week, we have tightened up the stock return to A shares, and cross-border mergers and acquisitions in some industries. Liu Shiyu's new combination of stock market policies is gradually showing new regulatory ideas. On the one hand, it is a "crackdown" on the concept of bad speculation, pure storytelling and even false stories in recent years. On the other hand, it also reflects the determination of the regulatory authorities to disrupt chaos and the emergence of new regulatory thinking.

Although the recent stock market pullback is larger and the market value has lost more than 3 billion, most investors are suffering from labor pains.

If all the stocks are allowed to return, then the market value of US $600 billion will be at least 4 trillion of the A share market. After that, it will be unbearable and threaten the country's foreign exchange reserves, so it is a matter of course. Otherwise, I don't know how many stocks will go on like the storm technology for 39 consecutive trading hours, big shareholders will take the opportunity to reduce their holdings and share prices will be cut off.

If the market is full, Online finance The cross-border mergers and acquisitions of games, film and television and VR have made the whole market revolve around video games and stars, and the huge cash flow of the stars; the failure of the acquisition side to cash in on the profits promise; the Internet finance has repeatedly exposed the crisis of fraud and payment; virtual reality has been blown off the raiser and only known to deceive people with fictitious stories.

If these plates are allowed to last forever, Huge increase A large number of valuable funds have been extracted from the market, which are not conducive to the real economy, but without performance support. Then, the normal financing function of the market, the reform of state-owned assets and the supply side reform will inevitably be diluted.

It can be seen that after President Liu Shiyu took office, after the registration system was postponed and the new deal was stopped after the war was stopped, it is absolutely necessary and timely to deal with all kinds of chaos, which is conducive to the long-term stability of the market and fundamentally protects the interests of investors.

It is only hoped that we should not get everything across the board. It includes individual excellent and outstanding stocks that can have a significant positive impact on the A share market. It should also support the cross-border acquisitions that are worthy of the name and benefit to the real economy.

2, the stock market is looking for a new platform in the throes.

In line with authoritative people's judgment on economic L type, and in view of the impact of the new deal on the market, I believe that this is not and can not be the beginning of the 4 version of the stock market crash. It is a new platform for the healthy development of the market through the adjustment of the band and the downshifting of the value center.

In other words, the original market generally believed that the construction of the 3000 bottom platform, look at 3600 points, it is hard to believe that.

The Shanghai composite index is likely to build a new platform at the bottom of the 2800 fluctuations. The gem and small and medium-sized boards will build the bottom platform around 2000 points and 10000 points or so.

In my opinion, after the market is squeezed, the more important thing is to build a platform in a relatively safe area to build up the basic system of issuing, trading and delisting of the stock market, so as to prevent excessive fluctuations and ups and downs of the market. It can provide value investment and growth investment, and create a good environment and atmosphere for the restructuring of state-owned assets, the supply side reform and the emerging industries that are actually conducive to the real economy. Only in this way can we attract insurance incremental funds, social security incremental funds, pension funds, and A shares after joining the MSCI international funds, enter A shares more, and have a driving effect on the huge social capital, which is conducive to the long-term development of A shares.

In view of this, investors should be clear that the task of the market at present is to conform to the new policy orientation. It is to build up the bottom and bottom up rather than rebound strongly.

To manage chaos and build platforms is a great game for management. The future of China's stock market will have a bright future.

　　 3, conform to market structure Sharp change.

The impact of the new deal on the index is obvious, while the impact on the stock structure is implicit, but the intensity is enormous. In the structural adjustment, the following plates are most affected.

The first class and the full market in the early stage are in the guesses. There are 40 lists of companies, 50 list of companies, and 60 shares of several companies. Some of them have been fired from 2 billion market capitalization to 50 or 6 billion market capitalization. These stocks obviously have no investment value.

The second category belongs to the underlying stocks of Internet finance, games, film and television, and VR industry. It is very important for the management to emphasize the service to the real economy. Therefore, the difficulties in the merger and reorganization of the listed companies will increase greatly.

The third category, small and medium sized enterprises with high and high turnover, no performance support or substantial decline in performance, it is hard to expect that they have the right to fill the market.

The fourth category, asterisk ST shares, which has been losing money for two consecutive years, is more difficult to enter the reorganization and the probability of delisting is increasing.

The fifth class and large shareholders declare that the stocks with a high proportion of reduction can not be more conscientious to run businesses, and investors should vote with feet.

The sixth category belongs to the cyclical industry, zombie enterprises, poor performance, difficult to restructure large cap stocks.

4, according to the new investment concept, we will adjust the stock and change the stock to help ourselves.

Where are the opportunities for stocks in the future?

In my opinion, the real opportunities are in emerging industries. Like HUAWEI, its smartphone market share, business revenue, profitability, growth rate, profits, taxes, R & D investment ratio and patent number have not only surpassed apple, but also made the market the first, and the volume is more equivalent to the sum of the most profitable BAT in China's Internet.

Therefore, the top priority of China's stock market is to have more and more domestic and international first-class emerging industry companies like HUAWEI.

It is true that at present, there are many new industry stocks that are fully adjusted, reasonably valued, advanced in industry and have real performance in the gem, small and medium sized boards and main board.

However, the emerging industry stocks, which are truly international and domestic, are not yet listed. They must be obtained through two ways.

The first is to spanform traditional enterprises into new industries through the reform of state-owned assets.

Do people still remember that in December 20, 2014, the Shanghai municipal government held a conference on the reform of state owned assets, complying with document No. 20, putting forward 5-8 international first-class emerging industry groups in 8-10 years and 8-10 domestic first-class emerging industry groups. At present, the quality companies that originally planned to be listed on the strategic emerging board have eliminated about 10 stocks, and more than 20 of the families have excellent quality enterprises at home and abroad. They will take advantage of the reform of state owned assets in Shanghai to replace the largest shareholder status through the spanfer of shares, such as the 29% state-owned share in the spanfer of goods and commodities, and then inject high-quality assets into a leading industry.

Why is the biggest opportunity for Shanghai to be the reform of state-owned assets? Because the reform led by the Shanghai municipal government, the SASAC, the Shanghai state owned operation platform and the various groups are the top priority for the central and State Council to grow steadily when the economy is weak. It is the most reliable, the least risk and the greatest opportunity.

The two is those real private assets restructured stocks, including ST shares, which are spanformed into emerging industry stocks.

Some stocks, the board of directors has already passed the reorganization plan, and the reorganization party itself is also a well-known emerging industry group in the world. Once the quality assets are injected into the target enterprises, its role and influence will be no less than or even surpass that of the Chinese concept stocks.