Yesterday, under the favorable policy "combination fist", the three major A-share indexes were red across the board, and the Shanghai Composite Index rose more than 3% to 2,900 points.
Yesterday, the Shanghai Composite Index rose 3.03% to 2,906.11 points, the Shenzhen Component Index rose 2% to 8,856.22 points, and the ChiNext Index rose 1.45% to 1,720.78 points. 沪市成交大幅放量，成交金额达4376.8亿元，深市温和放量，成交金额4537.53亿元，两市合计成交金额约为8914.33亿元，北向资金合计净买额62.93亿元，内资主力由砸到买净流入209.94亿元。 Change the previous situation of smashing to the end.
Yesterday, only 427 companies were waiting to rise, and heavyweight stocks became the main force of market gains. The collective outbreak of "Zhongzitou" is an important force to promote the rise of the market. PetroChina has risen for the first time since July 2015, and more than 20 stocks such as China Unicom, China Communications Construction, and China Railway Assembly have risen to the limit.
Recently, there has been frequent good news about policies. On January 22, the executive meeting of the State Council proposed to take more powerful and effective measures to stabilize the market and stabilize confidence; on January 24, Wang Jianjun, vice chairman of the China Securities Regulatory Commission, said that it is necessary to build an investor-oriented capital market, so that those who defraud the listing and disrupt the market can sit in prison; on January 24, the central bank announced that it will cut the reserve requirement; on January 24, the person in charge of the State-owned Assets Supervision and Administration Commission of the State Council said at the press conference on the high-quality development of central enterprises that it will further study the inclusion of market value management in the performance appraisal of the heads of central enterprises, etc., the policy" "Combination boxing" injects a "booster" into the market.
The care of the policy has changed the long-standing decline of A-shares. In particular, the market value of central enterprises is included in the performance appraisal of their responsible persons, which is the reason for the strong rise in the Chinese prefix. 航空航天板块在去年中特估行情中表现平平，特别是板块中的中航工业和航发集团旗下公司更是逆势下跌。 It illustrates the management of the two groups, which focuses on tasks, indicators, light market capitalization, and investor concerns. This year, the State-owned Assets Supervision and Administration Commission (SASAC) will include market value management in the performance appraisal of enterprise leaders. It is the weak link in the management work of AVIC and AECC and the pain points of investors. In yesterday's high-flying market, AVIC Shenfei has been lagging behind the board index, and the end of the market is only a super-large market index, and the weak shock is up. Fortunately, the lost 100 billion market value was recovered. It turns out that the first brother of the military sector is Hangfa Power, and the market value of 100 billion yuan has been lost for more than two years, and it has not been recovered. This is known as the crown jewel of industrial manufacturing, and an important enterprise in the "stuck neck" project of the country to overcome difficulties. It can be seen that AECC has neglected the maintenance of market value.
AVIC and AECC should learn from China Shipbuilding Corporation and China Mobile Communications Group to strengthen market value management to respond to and return investors' concerns. In this round of valuation repair process of Zhongte company, it is at the forefront of the trend.
Southern, Guangzhou, January 26, 2024
