He Qiang, Central University of Finance and Economics: It is proposed to carry out a pilot project in state-owned large-cap stocks and blue-chip stocks first
China Fund News Taylor
Brothers and sisters, has it risen recently?
Today, the three major indexes rebounded after opening low, and the three major stock indexes collectively turned red at the end of the session, and the Shanghai Composite Index rose for five consecutive days! As of the close, the Shanghai Composite Index rose 0.42%, the Shenzhen Component Index rose 0.04%, and the ChiNext Index fell 0.01%.
In the market, 3,579 stocks rose, 1,569 stocks fell, and it is worth noting that no stocks fell to the limit! The fly in the ointment is that the turnover has shrunk significantly, less than 800 billion yuan. Northbound funds sold a net of 100 million yuan.
Brokerage stocks moved in the afternoon, Capital Securities pulled up the limit, and China Galaxy rose 5%.
There are two big news related to brokerages in the market.
First, according to the Daily Economic News, on the afternoon of February 19, Wu Qing, chairman of the China Securities Regulatory Commission, led a team to the business department of Galaxy Securities Financial Street and had a discussion and exchange with more than 10 representatives of individual investors. According to the reporter's understanding, Wu Qing's discussion objects are all customers of the sales department, and "they have been talking for a long time".
Second, according to Sina Finance, He Qiang, a professor at the School of Finance of the Central University of Finance and Economics, attended the CSRC's symposium on February 18 online.
He Qiang is more concerned about the "T+0" trading system, he said, some people say that T+0 is not conducive to protecting the interests of retail investors, in fact, I think this is just the opposite, T+0 trading can be stopped on the same day. The system of futures exchanges around the world is T+0, because futures trading is risky, and it is necessary to stop losses on the same day and avoid risks in time. If you find a mistake, you can correct it in time to reduce the loss, and if you are worried about the general launch of T+0, you can first carry out a pilot project in the state-owned large-cap blue chips and the Beijing Stock Exchange.
Bank stocks continued to rise at the end of the session, Agricultural Bank of China and Bank of China both hit record highs, Industrial and Commercial Bank of China and China Construction Bank approached their highs, and Bank of Ningbo rose more than 2%.
The memory chip sector rose sharply at the end of the session, Beijing Junzheng and Wanrun Technology sealed the board, and Hengshuo shares rose by more than 10%. On the news side, there is a small essay circulating in the market.
The People's Bank of China authorized the National Interbank Lending Center to announce that the loan market quotation rate (LPR) on February 20, 2024 is: 1-year LPR is 3.45%, unchanged from the previous period, and LPR over 5 years is 3.95%, down 25 basis points from the previous period.
The LPR interest rate with a maturity of more than 5 years is the reference benchmark for the pricing of personal housing loans and medium and long-term loans for enterprises, and this round of adjustment of 25bp is the largest reduction since the LPR reform.
A shares, please keep up the good work!