The Shanghai Composite Index rebounded for the fourth consecutive trading day after falling by 1.27% last week
It has fallen by 1.15% or 34 points until July, before the remaining three trading days of this month. However, it is estimated that after the Fed’s interest rate meeting from Tuesday to Wednesday, it is expected to cut interest rates by at least a quarter. In addition, the Central Political Bureau meeting will be held within the day, and the latest economic stimulus policy for the second half of the year is expected to be announced.
Despite the recent tightening of the housing finance policy, the industry has conjectured that the third quarter policy will still adhere to the “one city and one policy”, and some second- and third-tier cities with faster property prices will continue to tighten; but the A-share is expected It is still expected to turn over in July due to the convening of the Politburo meeting.
Unfortunately, the economic data released recently is still worrying, including the statistics bureau announced that the profits of industrial enterprises above designated size from January to June were 2,984 trillion yuan, down 2.4% year-on-year, a decrease of 0.1 percentage points from January to May. If it is only in June, the total profits of industrial enterprises will be 601.9 billion yuan, down 3.1% year-on-year, while in May it will increase by 1.1% year-on-year.
The official manufacturing PMI will be released on Wednesday (31st), and it is widely expected that it will remain around 49.4% below the peak line after May and June, reflecting that the manufacturing industry is still sluggish. On Thursday (August 1st), the Caixin Manufacturing PMI was released in July. Last month, it fell below the 49.4% of the ups and downs, which was the first time in four months. Both showed that the economy and manufacturing power were slowing.
On the other hand, the interim results have also entered a period of intensive publication, and there will be 99 A-share transcripts this week. Among them, 53 have made performance announcements, of which 17 were issued with a slight increase of 15, but there were also 9 profit warnings, a slight decrease of 4, and 4 first losses, including Jinyu Motor City. The first loss has been predicted to be 60 million to 90 million yuan.
In the first week of the opening of the Science and Technology Board last week, the overall A-shares were affected by the “blood-sucking effect” and the market was sluggish. As 25 Kechuang board companies averaged an increase of 140.2% in the first week, compared with the initial increase of other IPOs, they are still within a reasonable range. However, the stock price rise and fall limit has become 20% since this week, and it is doubtful whether it can continue to rise.
However, due to the “new” (selling new shares) science and technology board was very profitable, and took one hand (500 shares) of Anji Technology
the stock price rose nearly 3.5 times in the whole week, and recorded a book profit of 68,500 yuan; Lexin Technology has earned 46,000 to 49,000 yuan per hand last week (500 shares); only the Big Mac’s China Pass, the ability to make money is ranked in the 25th batch of the first board, and only earned 2080 in one hand. yuan. However, despite this, the second batch of 3 new shares of the company started to purchase this week, including Jingchen shares, Baichu Electronics and micro-core creatures. It is believed that it will continue to be sought after last week’s profit-making effect.
However, uncertainties and negative factors continue to stalk, including the Sino-US trade negotiations that were re-launched from Shanghai to Wednesday
The “invasion” has openedly pointed out that China wants to adopt a procrastination strategy and hopes that the US will not “invade” in the next election. Re-election, in hopes of reversing the current trade friction. If so, it is estimated that there will be a major breakthrough in this Shanghai meeting. The worse development may be that once the “invasion” can be re-elected next year, will it make the US-China trade and other relations worse, and even “invasion” will be retaliated?
In terms of internal affairs, the central bank released on Friday it was hailed as the most stringent regulatory approach for financial holding companies, and publicly solicited opinions for one month to rectify and prevent systemic financial risks. Some analysts believe that this move was due to the fact that at the beginning of last year, Anbang Insurance was taken over by the China Insurance Regulatory Commission to resolve the risks, thus offering the most stringent policy against the Financial Control Group.
On the other hand, the stock price once broke through the thousand-yuan “share king” Kweichow Moutai, and was expelled by the Guizhou Audit Office. There are more than 100 problems in 7 aspects. The Kweichow Moutai said that it will not be able to grasp the rectification.
In addition, the registration and implementation of the registration system of the Science and Technology Board, the credibility of the audit was once again tested, including the 1.89 billion yuan of huge money funds missing the mystery of Furen Pharmaceutical, triggering Ruihua Certified Public Accountants, following the Guangdong Zhengzhong Zhujiang Certified Public Accountants A total of 39 IPOs and refinancing projects were suspended for review or withdrawal, reflecting the serious problem.