Dialogue with Han Bing, the proposed fund manager of the new equity fund of China Merchants Specialization: Around hard-core technology, the Beijing Stock Exchange has more space, and the future is a process of big waves and sand

Per reporter: Huang Xiaocong Per editor: Wu Yongyong

At the opening ceremony of the Beijing Stock Exchange and ringing the bell, Yi Huiman, chairman of the Securities Regulatory Commission, said that the CSRC will adhere to the "system, non-intervention, zero tolerance", continue to deepen the reform of the New Third Board, strive to run the Beijing Stock Exchange, and create a main position for innovative small and medium-sized enterprises. How will investors seize this historic opportunity? On the afternoon of November 15, Han Bing, the proposed fund manager of China Merchants Specialized New Equity Fund, was a guest in the live broadcast room of the daily economic news "Every Afternoon Tea" and exchanged views with netizens on hot issues such as investment opportunities related to the Beijing Stock Exchange.

China Merchants Specialized Special New Equity Fund proposes to be the fund manager Han Bing, and the interviewee provided a picture

In the live broadcast, Han Bing first talked about the industries that directly benefited after the opening of the Beijing Stock Exchange.

He said: "The entire brokerage industry is definitely positive, because there will be more small and medium-sized market capitalization companies in the future for IPOs, including some tracking services after listing, which will bring a relatively large investment opportunity to the brokerage industry." ”

"However, specific to different brokers, the impact may be different because of the layout of each business." Before we observed some large securities companies, may mainly serve some large market value companies, for this kind of small and medium-sized market value of the company may not pay much attention, but some small and medium-sized securities companies, some in this field in advance layout, with the opening of the Beijing Stock Exchange, these have an advance layout or resource reserves of brokers there are better investment opportunities. Han Bing further said.

And looking forward to the future development of the Beijing Stock Exchange, Han Bing believes: "The Beijing Stock Exchange will definitely produce a number of excellent companies, perhaps these companies grow less than 100 billion market value or trillion market value, but it can grow from 2 billion market value to 10 billion or 20 billion, in this process, on the one hand, these companies are expected to solve some of the key things we need for China's development, on the other hand, for secondary market investors, the most direct thing is to be able to enjoy the benefits brought by corporate growth." “

In addition, in the live broadcast, Han Bing also talked about some differences between the Beijing Stock Exchange and the Science and Technology Innovation Board and the ChiNext Board. Han Bing said: "The positioning differentiation of these exchanges is very clear, I think that compared with the ChiNext board and the science and technology innovation board, there may be some companies overlapping, but the overlap will not be particularly large, among which around the future hard-core science and technology innovation breakthrough areas, I think the future investment opportunities and space of the Beijing Stock Exchange will be greater." ”

So, what industries or sectors are there on the Beijing Stock Exchange that are worth investors' attention?

Han Bing believes: "Some high-tech enterprises, as well as around the energy conservation and environmental protection, emission reduction and other areas of upgrading, as well as the future consumer electronics upgrades and media culture and other service areas of the upgrade, the space is also very large, there are many sub-tracks, sub-segments there are also growth opportunities, as long as there are clear card slots on these tracks, and there are early technical reserves." “

Around the layout of these areas, Han Bing pointed out: "First of all, a core point is that we must choose excellent companies with core competitiveness, especially companies must have their own relatively unique or leading technical advantages. Secondly, the company's management should be very reliable and very dedicated. In the past few years, in fact, the entire market volatility is still relatively large, if you choose some partial theme companies, the actual performance of the degree of cash is not high, in this market fluctuations, these companies you can not hold, it is likely that in the process of fluctuations will sell at a low point, and when it rises, it has nothing to do with you. “

"In short, it is to pay attention to the underlying driving force of the company, when the industry logic has not undergone major changes, whether your corporate governance, performance and other aspects have become better, if there is, basically the stock price of these targets will be reflected in the secondary market performance." Han Bing said further.

Although the future of the Beijing Stock Exchange is very optimistic, but specific to the investment level, in fact, many investors are also aware that the risks faced are not small.

In this regard, Han Bing frankly said: "Looking back at our current point in time, for example, 5 to 10 years, the Beijing Stock Exchange will come out of a number of very good companies, from this point of view, it is a very good investment opportunity, but if you are not particularly familiar with the industry and the company, blindly buying, may also face a relatively large risk, because in the past we actually saw that there are many companies that have not developed, so this is actually a big wave of sand and sand process." ”

"Second, we see that the state's support for specialized new small and medium-sized enterprises is hierarchical, for example, some companies are 3 to 5 years is a support, some companies are 5 to 10 years, or even longer, so if the understanding and depth of research of these companies is not enough, it may not be very good to hold for 3 to 5 years, but it is possible that it will have a very strong explosiveness after a longer period of time." So from this point of view, it is a better choice to hand over to some more professional institutions to invest in this area. Han Bing suggested.

The above guest views only represent the analysis and judgment made by the guests at the time of the live broadcast in combination with the market conditions at that time, and with the changes in the market conditions and other factors, the guests' views will be adjusted according to the actual situation. Investors should carefully read the fund legal documents such as fund contracts, prospectuses, fund product information summaries, etc. before investing in the fund, fully understand the details and risk-return characteristics of fund products, and make independent decisions on fund investment and select appropriate fund products on the basis of understanding the product situation and listening to the appropriate opinions of sales agencies, according to their own risk tolerance, investment period and investment objectives.

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