Suspend refinancing securities!
Since May, the three major A-share indexes have collectively declined, among which the market has fallen below the important mark of 3,000 points, and once the lowest fell to 2,904 points, once again starting the 2,900-point defense war!
At a time when market sentiment is sluggish, and at the same time, the call for the market to suspend refinancing securities is getting louder and louder, and many investors believe that if they want the short-term market to improve, they need to suspend refinancing securities, and at the same time, they must also restrict quantitative trading and crack down on short-selling power!
As a result, the village really suspended the refinancing of securities the next day, and at the same time restricted quantitative trading, releasing short-term benefits to the market!
At that time, the village said that according to the current market situation, it would approve China Securities Financial Corporation to suspend the refinancing business and further strengthen the counter-cyclical adjustment of securities lending!
There is no routine this time, and it will be implemented the next day, which is undoubtedly a big positive for the market!
Maybe you don't know what refinancing securities mean, let me briefly say:
Refinancing securities is that the company's major shareholders and brokerages lend the securities in their hands to CSI, and then the borrower pays a certain amount of interest, and then sells the securities from CSI, and then sells them short!
The meaning of securities lending is mainly that brokerages lend their own securities to retail investors or other institutions to short!
You should be able to understand that, right?
Although the current scale of securities lending is very low, the village has suspended the refinancing of securities, which has also significantly boosted the confidence of the market.
The day after the suspension of refinancing securities, the A-share market was also very powerful, with the three major indexes rising by more than 1% and falling for so long, it was time for a decent rebound, right?
Important after-hours news:
1. LONGi Green Energy has made another big move, in the context of the overall downturn in photovoltaics, it has invested 3.206 billion yuan in high-efficiency BC battery projects, and it seems that the days of photovoltaic production capacity will have to be extended!
In terms of market performance, since the last round of new energy highs, LONGi's share price has been declining, and there has been no decent rebound during the period, and the company's share price has fallen by 80% compared with the high point at the end of 2021!
2. CITIC Securities is bullish on A-shares;
CITIC Securities recently said that in the second half of the year, the A-share market will usher in the starting point of the annual rise and meet the big inflection point;
In fact, it is not a new thing for CITIC to sing long A shares, and a few months ago, it was a long A share that was about to usher in a big turning point!
I hope that in the second half of the year, A-shares will really usher in a big inflection point, right? After all, it's been a continuous correction for so long, and it's time for a decent rally
Do you think Big A will usher in a big inflection point in the second half of the year?
3. Peripheral Markets:
The three major U.S. stock indexes began to rebound, and the three major indexes rose by more than 1% during the session, and near the end of the session, they all fell to varying degrees, and the gains narrowed for a while, Tesla rebounded nearly 3%, and Apple, Nvidia shares rose more than 1%;
After the close of A-shares, the Hang Seng Technology Index continued to rise, with the Hang Seng Index rising nearly 2.6% and the Hang Seng Technology Index rising 2.3%;