Since the beginning of this year, consumer loan interest rates have continued to fall, and the consumer loan interest rate of some banks is as low as 1.88%. After the stock market soared, low-interest consumer loans have also become one of the sources of funds for some investors. Some bankers said that the number of customers who have come to inquire about consumer loans has increased significantly recently, and although they did not say it explicitly, some customers did reveal their thoughts about entering the market in their inquiries.
The Financial Times reporter learned from financial institutions that the financial management department has given window guidance to commercial banks, requiring financial institutions to attach great importance to investor suitability management and investor protection, strengthen internal control and compliance management, and strictly control leverage. Insiders stressed that bank credit funds are strictly prohibited from entering the stock market in violation of regulations, and this is a red line of financial supervision that commercial banks must adhere to.
Recently, the number of accounts opened by the brokerage business department has increased significantly, "post-90s" and "post-00s" have become the main force of the market account opening, a set of data from Hangzhou brokerage shows that in the past week, nearly seventy percent of the new accounts are post-90s and post-00s, of which about 30% are post-95 and nearly 25% after 00.
An old shareholder said: "The nephew of the post-00s generation who just opened an account has taught me a lesson yesterday, saying that old shareholders like me are too conservative and don't know how to grasp the market, so they can't make money all the time." Now young people are very fierce when they buy stocks, and we old stockholders see some of them rising by 7 or 8 points at the opening, and most of them are trembling, and most of them dare not move. These young people don't care about these, the higher they rise, the more they buy, and the newborn calves are not afraid of tigers. ”
Young people are familiar with all kinds of online loans and are the main force of various consumer loans, and they are easily infected by the market atmosphere without the baptism of the A-share storm. In this regard, a number of industry insiders reminded that ordinary investors should use spare money that does not affect daily life consumption for investment. Chen Guo of China Securities Construction Investment proposed that ordinary investors should not blindly chase the rise, do not buy indiscriminately, and do not use leverage.
On the first trading day after the National Day, the trading volume reached a new high, reaching 345 million yuan. Some brokerages reported that the increase in investors' deposits this morning was 20%-25%, and the willingness of funds to enter the market was obvious, concentrated in the existing customers, and the online activity of the APP this morning also set a new recent record. However, during the trading session, the industry is still facing the problem of unsmooth bank-securities transfers. Since most of the new accounts are opened during the National Day holiday, these new investors can only deposit and trade tomorrow. Many industry insiders predict that there will be a peak in deposits tomorrow.
Does the hot investment enthusiasm mean that the market is overheated and the risk is adjusted? According to the research report of China Securities Construction Investment, from the experience of 2015, 2019 and 2020, after the sentiment enters the euphoric zone, the market often has a process of continuing to rise in the short term. After that, as sentiment retreats, there may be some correction in the market, but this correction does not mean that the bull market is over.
In addition, in addition to retail investors running into the market, another major feature of this round of market is that ETFs are warmly sought after. Today, there are 7 ETFs with a turnover of more than 10 billion. A number of ETFs related to the Science and Technology Innovation Board and ChiNext Board rose by 20%, with a daily limit for the second consecutive day. More and more investors are realizing that it is not easy to outperform ETFs in a bull market, and it is better to buy individual stocks than to buy ETFs.
Author: Xu Jinhua
Editor: Yan Dan
Producer: Gu Jie
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