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Caixin, December 21:Beijing’s net purchase of funds exceeded 7.8 billion yuan, and the Shanghai Composite Index closed at 342 057 points, an increase of 0.76%.
On December 21, US stocks collectively closed overnight, and the Shanghai and Shenzhen A-share markets were flat and higher. Market sentiment is relatively active. The Central Economic Work Conference proposed a “turnover in the seed industry”. Agricultural concepts like genetically modified, corn and soybeans led the two cities strongly, and concepts like new energy vehicles and chip semiconductors also led the rise. The various indices rose one after the other: the Shanghai Stock Exchange index rose more than 0.7% to 3,420 points and the ChiNext index rose more than 3.66% to 2,880 points, a new high. Most of the drives were red, with electrical equipment leading the rise and real estate leading the decline. In terms of themes and concepts, genetically modified products increased more than 9%. The volume of transactions between the two cities was significantly higher than the previous day. Beijing Capital’s net purchases of funds exceeded 7.5 billion yuan, of which Shenzhen Stock Connect’s net purchases were about 5 billion yuan.
The Shanghai Composite Index closed at 3,420.57 points, an increase of 0.76%; the Shenzhen Component Index registered 14,134.85 points, an increase of 2.03%; the index of small and medium boards registered 9,292.68 points, an increase of 2.16%; the GEM index registered 2,882.44 points, an increase of 3.66%; the Science and Technology Index 50 registered 1,388.67 points, an increase of 2.02%.
The turnover of the Shanghai stock market was 383,899 million yuan, and that of the Shenzhen stock market was 480,532 million yuan. The total turnover of the two cities was 864,431 million yuan, which was significantly higher than the 771,273 million yuan in the previous day.
In the disco, most sectors were popular, with electrical equipment leading the rise. Huazi technology increased by 13%, Roshow technology, Longji shares, Dahao technology daily limit, military and defense industry, automobiles, leisure services, etc. rose at the top, real estate, appliances and banking Expecting the plate to close slightly. In terms of thematic concepts, stocks of concepts like genetically modified, corn and soybeans increased dramatically, while stocks of concepts like online travel and horse racing fell.
The Central Economic Work Conference held in Beijing from December 16 to 18, arranged to demand the macroeconomic policy of 2021 to maintain continuity, stability and sustainability, and maintain the necessary support for economic recovery, which means monetary policy and policy fiscal. It won’t adjust quickly in 2021.
In an interview with Caixin reporters, Wu Chaoming, chief economist at Caixin Securities, said that next year’s monetary environment is expected to be stable and flexible, monetary policy to “recede slowly” and the rate of supply growth monetary M2 is around 10%. According to the Central Conference on Economic Work, “a sound monetary policy must be flexible, precise, reasonable and adequate.” Liquidity is expected to be achieved mainly through structural tools, especially direct access to the real economy, to “maintain the same growth rate of the money supply and social financing. The economic growth rate basically coincides.”
Wu Chaoming pointed out that compared to the third-quarter monetary policy implementation report, this statement changed “the nominal GDP growth rate reflecting potential output” to “nominal economic growth rate.” There are two signal meanings: one is Increase the growth rate of the M2 money supply and the social financing scale in 2021. According to the macro-control cross-cycle design and adjustment concept, the growth rate of M2 that matches the “nominal GDP growth rate reflecting potential output” is around 9% in 2021, and will be the same as the “nominal economic growth rate” in 2021. The rate is expected to of coincident M2 growth is around 10%, only slightly lower than that of 2020 (the M2 growth rate in November was 10.7%), reflecting the continuity, stability and sustainability of the monetary politics; the second is to face 2021 Uncertainty reserves space for monetary policy and there are reserve considerations for preventive policy.
Shen Meng, chief executive of Chanson Capital, told Caixin reporters that the economic operation in 2021 is still under increased pressure and the central bank maintains moderate liquidity, which will help alleviate risks in the real economy.
The Central Economic Work Conference has identified eight key tasks for 2021, including strengthening the national strategic scientific and technological force, solving the problems of seeds and arable land, and doing a good job on peak carbon and carbon neutrality. On December 21, agricultural concepts such as genetically modified A-share, corn and soybeans led the two cities, and technology concepts such as third-generation semiconductors and SMIC concepts also led the increase. In addition, the main Longji photovoltaic stock (601012.SH) has a strong daily cap, and the share price is 85.41 yuan, a record.
Shen Meng said that thanks to the important decision of the Central Economic Work Conference to focus on scientific and technological development, it can be expected that more political support will be introduced in the future that will benefit related industries. The technology, environmental protection and ecology sectors under new development concepts, such as the substitution of national technology, are expected to become the leading hands of the overall economy. “Longi’s daily cap is primarily affected by the transfer of Hillhouse Capital shares. Compared to other new energy sources, PV is an important foundation for achieving carbon neutrality, so there is still great potential development both in politics and in the market. “
On December 21, most of the Asia-Pacific stock exchanges fell. The Nikkei 225 index registered 26,714.42 points, a decrease of 0.18%; the Korean composite index registered 2778.65 points, an increase of 0.23%; According to the Caixin press release, Hong Kong’s Hang Seng Index registered 26,431.12 points, a decrease of 0.25%.
