is really unsolvable.
opens in the afternoon , and Hong Kong A shares once again staged a stock market crash. As of the close, A-shares finally stopped falling, the Shanghai Composite Index fell nearly 5% to 3063 points, falling below 3100 points, the first time since July 2020, the Shenzhen Component Index fell 4.36% to 11537 points, and the ChiNext Index fell 2.55%. Sentiment in the two markets fell to freezing point. stocks rose less than 250, 4,400 stocks fell, trading volume amplified to 1.1 trillion, and northbound funds sold 16 billion, making the net outflow for the seventh consecutive trading day.
Hong Kong stocks decline continues. As of press time, Hang Seng Index plummeted 6%, or 1252 points, to 18279 points, the Chinese index fell more than 7%, and the Hang Seng Index fell more than 8% at one point.
is a very familiar market. Oh, yesterday the Hang Seng Index fell by more than 11%.
The house is leaking and raining all night
In fact, the stock market trend this morning was quite stable. After the Hang Seng Technology Index fell by more than 7% during the session, it rebounded rapidly and turned red. GEM once fell by more than 2% and turned red quickly.
But a rumor in the afternoon was shocking, causing Hong Kong A-based pharmaceutical blue-chip stocks to plunge quickly, causing Hong Kong A-based market to fall, causing the already unstable Hong Kong A-based market to fall.
A shares Aier Eye Hospital and Tongce Medical both fell sharply. Tongce Medical even staged a one-line hit the limit .
Hong Kong stock Yonghe Medical fell more than 30%, Haijiya Medical fell nearly 26%, and Gushengtang fell more than 23%. On the news about
, a letter from the National Health Commission System Reform Department on requesting assistance to provide relevant research materials circulating online. The statement that the content of the content "disorderly expansion of social capital in the medical field" has caused panic among investors. How is
implemented? It is impossible to draw a conclusion yet. Relevant listed medical companies have responded to verifying the situation.
According to Pengpai, Zhong Yong, chairman of Jinxin Reproductive Medical Group Co., Ltd., said: "We have noticed market rumors and are verifying and researching. The company's current operations are normal."
According to Yinshi Finance, Wu Shijun, secretary of the board of directors of Aier Eye Hospital, just responded on his circle of friends that the country supports social medical , and has never changed. Excellent for-profit hospitals are listed for financing, using social capital to expand service supply, and meeting the multi-level needs of the people, and are not only the new force of a healthy China, but also a practitioner of charity and public welfare. Of course, both public and private sectors must operate in a standardized manner with a patient-centered manner.
Northern funds continue to flow out
It is worth noting that foreign capital, known as "smart funds", has continued to flow out recently.
After a net sale of 14.4 billion yuan yesterday, northbound funds once again sold 16 billion yuan in the whole day, ranking third in a single-day net sale, and have been net sale for 7 consecutive days, totaling 66.686 billion yuan. According to statistics, foreign capital has seen a net selling of over 10 billion yuan for the fifth time since 2022, and only 5 times in 2021.
The domestic epidemic is facing a great test
It is undeniable that the "waterfall-like" plunge in Hong Kong A-shares in the past two days is closely related to the rapid growth of the number of epidemics.
Yesterday, there were 3,507 new local confirmed cases in China and 1,647 new local asymptomatic cases.
Today, at a press conference held by the State Council Joint Prevention and Control Mechanism , Mi Feng, spokesperson of the National Health Commission , said that the world is currently experiencing the fourth wave of the new crown epidemic, with more than 10 million new cases reported every week for ten consecutive weeks. Asia is showing a rapid upward trend, with relevant countries and regions around my country constantly breaking the highest record of new cases per day, and the risk of the epidemic incoming continues to increase.
Because of the " dynamic zero " policy that my country adheres to in the epidemic, economic production activities will inevitably be affected in order to achieve this goal.
htmlOn March 13, Shenzhen and Dongguan buses and subways were suspended, and all communities in Shenzhen implemented closed management. Except for public service enterprises that guarantee citizens' lives and basic city operation and Hong Kong supply enterprises, all enterprises will work from home and suspend production and operation activities.Because the domestic economy itself faces triple pressure, under the epidemic prevention policy of "dynamic zeroing", the recurrence of the epidemic will inevitably make investors worry about the growth rate of the economy.
Zhou Maohua, a macro researcher at the Financial Market Department of Everbright Bank, said: "Local sporadic cases have significantly dragged down domestic demand for consumption. Energy commodity has high prices and uncertainty in the prospects of overseas economic recovery, etc., which do have an impact on domestic companies and consumers' expectations."
Regarding the current debate on epidemic prevention policies, Zhang Wenhong Dr. Weibo published a long article on the current domestic epidemic through Weibo on March 14, saying that my country will continue to adopt a social zeroing strategy in the near future, and suppressing the fifth wave of the epidemic that spreads very quickly at a completely controllable level. But this does not mean that we will adopt a strategy of lockdown and full detection lasting.
interest rate cut expectations were vacancies
Today, The People's Bank of China conducted 200 billion yuan of one-year MLF, with a winning rate of 2.85%, the same as before, and there was no interest rate cut.
In fact, the financial data in February was cold, and the total amount and structure of financing data in February both weakened, making the market expect that the central bank may lower the policy interest rate on March 15, but the winning interest rate of MLF is still the same today, and remains unchanged at 2.85%.
CITIC Securities Mingming Bond Research Team pointed out that credit issuance in February's financial data was not as good as market expectations, which aroused investors' attention and concern. At present, credit demand is the core constraint. There is still room for further easing of the subsequent monetary policy . Fiscal policy will increase expenditure and leverage investment. Real estate policy will focus on restoring market confidence. The bond research team clearly expects the total amount of credit in March to recover, but the range is limited; the improvement of the structure still needs to wait for the second quarter, and we need to be wary of interest rate adjustment risks at that time; but the focus of the market's current focus is still on credit contraction, and interest rates are expected to still have room for downward in the short term. What do you think about the future market of
?
Return to the fundamentals of the domestic economy . In fact, the national economic data from January to February today have great highlights, showing signs of recovery.
Under the policies of "maintaining supply and stabilizing prices" and "stabilizing market entities", the growth rate of industrial added value has accelerated its growth. 1-February, the national industrial added value of increased by 7.5% year-on-year, 3.2 percentage points faster than in December 2021 and 1.4 percentage points faster than the average growth rate in 2021 in the two years.
Under the policy of "stabilizing investment", the main areas of fixed asset investment in have been fully focused. Among them, the growth rate of infrastructure investment has increased significantly, and the manufacturing industry has maintained rapid growth. The growth rate of real estate investment that the market was more worried about some time ago also turned from negative to positive.
1 From January to February, the national fixed asset investment (excluding farmers) was 5076.3 billion yuan, an increase of 12.2% year-on-year, 7.3 percentage points faster than in 2021 and 8.3 percentage points faster than the average growth rate in 2021. By field, infrastructure investment in increased by 8.1% year-on-year, manufacturing investment increased by 20.9%, and real estate development investment increased by 3.7%.
But it is worth noting that the national commercial housing sales area is 157.03 million square meters, a year-on-year decrease of 9.6%; the sales of commercial housing sales are 154.59 billion yuan, a decrease of 19.3%. The sales end of commercial housing has not yet recovered, which may mean that the effect of loose credit still needs to be paid attention to.
1-February total retail sales of consumer goods was 7442.6 billion yuan, a year-on-year growth rate of 6.7%, significantly higher than market expectations.
Regarding the subsequent consumption trend, CITIC Securities believes that since March, 3, there have been scattered epidemics in many places, which will objectively drag down the economic recovery trend across the country. Therefore, the upward consumption growth rate that exceeded expectations in January and February may be under pressure in March.
Finally, everyone should maintain firm confidence in China's economy.
Premier Li Keqiang presided over the State Council Executive Meeting on March 14, determined the division of key tasks of the "Government Work Report", required solid and effective implementation, and promoted the economy to maintain stable operation while climbing the slope and over obstacles.
meeting emphasized that the current economic operation is facing new downward pressure and more difficulties and challenges are increasing. We must implement the decisions and arrangements of the CPC Central Committee and the State Council, coordinate epidemic prevention and control and economic and social development, strengthen cyclical regulation, put stable growth in a more prominent position, deepen reform and opening up , and strive to complete the annual economic and social development goals and tasks.One of the points emphasizes the need to closely follow changes in the international situation, the adjustment of macro-policy adjustments in major economies, commodity market trends, etc. and the impact on my country, and continuously improve response measures to ensure that economic growth, employment, prices, etc. are stable within a reasonable range.
Confidence is more expensive than gold.
