From the reduction of stamp duty on shares to the collective increase of Huijin's holdings in four major banks, to the introduction of new rules on securities lending, The "limited short" rule was improved to further combat the arrogance of the air side. From the above series of measures, A The sign of the end of the stock market policy is more and more obvious, and the Shanghai index is approaching three thousand At the time of counting the whole number, these measures really have an unusual impact.

Previously, the market had experienced detours to reduce the holdings of some restricted shares, and some of them realized indirect realization through refinancing and other tools

    According to the rules of delisting at par A Several listed real estate enterprises have triggered the conditions for delisting at par value in the stock market *ST After Blu ray touched the conditions for termination of listing, *ST Zhongtian has become another listed real estate company that triggered the delisting at par recently.

    by five month nineteen Day, excluded

    two thousand and twenty-three year A The stock market ushered in a "good start" in the first week. Behind the "good start" of the stock market, the accumulated net inflow of northbound funds in the first week exceeded two hundred Billion. As a foresight of northward capital, two thousand and twenty-three Since, the mode of continuous net buying has been started, which shows that foreign capital has two thousand and twenty-three year A The trend of the stock market is optimistic.

    two thousand and twenty-two Since, A The stock market has stepped into adjustment. In the context of the continuous downturn of the stock market, the earning effect of the whole market continues to decline, and the most affected is the new shares. past times, A With its active liquidity, the stock market has long held the view that new shares are invincible, but now the myth of new shares invincible is broken, and the new stock market has also ushered in a burst tide.

    This year nine Take month as an example. According to the statistics of institutions,

After the central bank cut the reserve requirement by 0.25% on April 15 this year, the interest rate of LPR with a term of more than five years was cut after a month. Specifically, the 1-year LPR remained unchanged, while the 5-year LPR was reduced by 15 basis points to 4.45%.

This time, the LPR of more than five years is reduced to 4.45%. In combination with the rule mentioned in the previous Notice on Issues Concerning the Adjustment of Differentiated Housing Credit Policies that the lower limit of the commercial personal housing loan interest rate for the first housing is adjusted to not be lower than the loan market quoted interest rate for the corresponding period minus 20 basis points, In fact, it means that the lower limit of the commercial individual housing loan interest rate of the first house can be reduced to 4.25%.

Compared with 1-year LPR, 5-year LPR

    The linkage between exchange rate, stock market and bond market is becoming stronger and stronger. From the market performance in recent years, there is a certain correlation between them. However, from four Since the middle and late ten days of this year, the RMB exchange rate has shown signs of weakening in succession. Both onshore and offshore RMB have lost ground six point five At the threshold, the short-term trend of continuous devaluation has also been relatively rare since this year.

    The well-known traditional Chinese medicine leader Hongri Pharmaceutical released two thousand and twenty-one Annual report. From the analysis of the data in this annual report, Hongri Pharmaceutical continues to maintain a steady growth trend. Among them, the revenue of Hongri Pharmaceutical increased year on year 18.22% , the net profit attributable to the parent company increased year on year 19.87% 。 According to the analysis of the single quarter data in the fourth quarter, the net profit attributable to the parent company in the single quarter of Hongri Pharmaceutical increased year on year 295.2% , non net profit deducted in single quarter

    Since the beginning of this year, the performance of banks and real estate stocks has been significantly resistant. Compared with the market environment in the same period, behind the resilience of banking stocks and real estate stocks, it is not only related to the partial loosening of the real estate policy environment, but also related to the valuation advantages and dividend advantages of banking stocks and real estate stocks themselves.

    Compared with the current A Compared with most industry sectors in the stock market, banking stocks and real estate stocks do have advantages in valuation and dividend yield. Take six state-owned behaviors for example. So far, ICBC TTM The dividend yield is 6.07%

    In the past, including the purchase of new shares and convertible bonds, the market was regarded as a risk-free arbitrage strategy. However, from the analysis of the performance of the new stock market since this year, the phenomenon of new stock breaking is frequent, and even the new stock breaking tide has been staged. The risk-free arbitrage phenomenon of new stock subscription in the past has become a thing of the past.

    According to the data, since this year eighty-seven Only new shares are listed, including twenty Only new shares broke on the first day. In addition, in the three month

    along with A Listed companies pay more and more attention to cash dividend ability. The dividend rate of listed companies has become one of the important bases for investors to judge the investment value of listed companies.

    With listed companies two thousand and twenty-one With the successive disclosure of annual reports, the market began to turn its attention to dividends of listed companies. According to the data, banking, steel, textile and clothing and other industries have become representative industries with high dividend yield. In addition, there are data statistics one hundred and fifteen Of listed companies