Since the "departure" on September 25, China Galaxy Securities' 2021 "Investment Youdao - Wealth Forum" has entered 12 cities such as Lanzhou, Guilin, Wuhan, Foshan, Zhongshan, etc., inviting nearly 30 heavyweight guests in the industry to have offline zero-distance dialogue with investors and strive to draw a wealth curve. On November 6th, the "Investment Youdao - Wealth Forum" came to Shenzhen, which is also the final battle of this forum.
As an investment feast prepared by China Galaxy Securities for high-net-worth customers, the "Investment Youdao - Wealth Forum" has been held for three consecutive sessions, with the theme of macro industry research, investment trading strategy and current hot industries, and inviting "strategy + public offering + private placement" to form a guest lineup. The three guests from this week's Shenzhen session are senior practitioners from the front-line of the public and private sectors, sharing insights on wealth management around many hot topics and key industries in the current capital market.
"Investment Youdao - Wealth Forum" Shenzhen Station Activity Site Image Source: China Galaxy Securities
Take the pulse of policy opportunities decode the national defense and military industry
The 14th Five-Year Plan released this year clearly put forward: "overall development and security" and "security development throughout all fields and the whole process of national development, and build a solid national security barrier". At this forum, Chen Long, deputy general manager and fund manager of the Quantitative and Derivatives Investment Department of Penghua Fund, analyzed the investment logic and industry opportunities of the national defense and military industry for investors by deeply analyzing the policy trends, operation logic and development direction of the military industry.
Chen Long first pointed out that the certain industrial chain attributes of national defense forces tools and equipment are interlinked with equipment manufacturing, materials, informatization and other industries, and the core industrial direction is divided into weapons and equipment manufacturing and national defense informatization transformation. "Specifically, weapons and equipment manufacturing refers to a number of fields including aviation, aerospace, ships and armaments, etc., and the industrial chain involves the entire chain of raw materials, parts, subsystems, assembly and design." Benefiting from the construction target of equipment installation during the "14th Five-Year Plan" period, Chen Long predicted that the scarcity of weapons and equipment will trigger valuation premium expectations. In addition, with the launch of China's national defense informatization construction in the "Fourteenth Five-Year Plan", national defense informatization will also become one of the key directions for future military investment, and due to the particularity of the military industry, the domestic independent controllable industries in this field will further accelerate their development.
Due to the close combination of the national defense and military industry and national policies, Chen Long sorted out the relevant policy documents of China's military management since the "Thirteenth Five-Year Plan" for investors in the sharing, and pointed out that before the "Thirteenth Five-Year Plan", it was the stage of finalization or small batch installation of key models of equipment in China to solve the problem from scratch. Since 2018, China has increased actual combat training to solve the problem of from existence to use and then to gradually form combat effectiveness. Looking forward to the "Fourteenth Five-Year Plan," it will be the stage of the release and installation of China's weapons and equipment, and through the large-scale loading of new types of equipment, a brand-new combat equipment system of our army will be formally formed.
Chen Long stressed that the "Fourteenth Five-Year Plan" is a strategic window period for China's weapons and equipment construction, the military industry will usher in an important industrial inflection point, the policy dividend and the trend of high industrial prosperity are already very clear, with long-term growth logic. "From a fundamental point of view, investors should pay attention to the New Year's Eve market brought about by the landing of the 2022 production scheduling plan and the valuation switch." Looking forward to the future market, Chen Long suggested that investors focus on the New Year's Eve market in this sector.
Focus on industry hotspots High-quality views continue to be output
This forum not only brilliantly presented the guests' special sharing of a specific industry sector, but also invited industry leaders to analyze the hot trends of the capital market in combination with hot events in the industry.
Dong Lianghong, chairman of Yuhui Capital, who has 24 years of investment experience and a historical management scale of 39.9 billion yuan, analyzed the investment opportunities hidden in "energy security" and "double carbon" at the forum. He said that "double carbon" represents the end of the global traditional industrial era and the beginning of a new era of development, coinciding with the time point when China is now entering a new stage of development, and at the same time it is a rare and priority area where China and developed countries can dialogue and cooperate.
Dong Lianghong expects that the future construction of the power station will enter? A period of rapid development, but also will be output to the "? belt? The countries along the road have helped them build solar power plant systems and supporting facilities, and the investment opportunities are worth paying attention to.
In addition to new energy, Dong Lianghong also said at the meeting that he was optimistic about the small and medium-sized market value stocks represented by "specialized special new", especially the related stocks focusing on the manufacturing field. In the screening of specific investment targets, he pointed out that investors should focus on enterprises whose leading products are in line with the key areas listed in the "Industrial "Four Basics" Development Catalog: that is, the market segmentation of products belongs to the core basic components of the manufacturing industry, advanced basic processes and key basic materials; or the ten key industrial fields that meet the strategy of manufacturing power are clear, and belong to the relevant products in the technology roadmap of key areas; or the products that belong to the key links of the industrial chain supply chain and key areas Or belong to the national and provincial key encouragement of development of pillars and advantageous characteristics of the industry and other fields.
Xu Ye, vice president of Shanghai Yanfu Investment Management Co., Ltd., introduced the investment strategy of quantitative investment in the sharing, and shared a scientific and objective investment method based on computer and data analysis for investors in the turbulent capital market by analyzing the development history of quantitative investment strategy, the current situation of domestic quantitative funds and the investment process and operation logic of quantitative investment strategy in the actual operation process. Xu Ye believes that although domestic quantitative private placement has sprung up in the past two years, there have been more than 10 billion quantitative private placements, and the head institutions have crossed the 100 billion mark. However, the scale of domestic quantitative investment is still far less than that of mature financial markets, and the domestic quantitative market still has great potential and space for development.
With the end of this event, this year's Wealth Forum has officially come to an end. Through the holding of this series of activities, China Galaxy Securities hopes to analyze the current macroeconomic situation at home and abroad for investors, analyze the investment opportunities and wealth allocation strategies in the A-share market, improve the choice and allocation concept of investors in the context of the asset management industry, and ultimately help investors manage investment risks and improve investment efficiency.