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On the 15th, the Regional Comprehensive Economic Partnership Agreement (RCEP) was formally signed, marking the official conclusion of the world’s largest free trade agreement. What is the impact on the stock market and which industries have benefited significantly? The broker sees this:
① Industrial securities: 15 countries signed RCEP to create the world’s largest free trade zone, opening dividends continued to be released
Industrial Securities noted that the implementation of RCEP will bring more than 95% of the tariff barriers, non-tariff barriers and investment barriers removed, greatly promoting the Asian economy represented by the two main economies of China with a population of 1.4 billion and ASEAN with a population of 600 million. Development potential is expected to become the strongest driver of global economic recovery in the middle and late stages of the epidemic; In the context of the current decline in general market preferences due to issues such as current credit debt and financial supervision, China and Japan have for the first time reached a bilateral tariff reduction agreement, which is expected to boost appetite for the market risk. . RCEP will not only help China’s exports and investments, but more than 90% of its products will reach zero tariffs, which will promote the entry into the Chinese market of more high-quality foreign products, especially the historic advance of tariff reduction. between China and Japan, which will greatly contribute to Strengthen the regional division of labor in the supply chain in the region and increase market confidence in the economic recovery.
②CICC: RCEP officially signed the advantage of China’s textile and garment industry chain will be highlighted
The CICC noted that, in view of factors such as cost and foreign trade, the trend of long-term transfer of the industrial chain to Southeast Asian countries will continue. However, China, as the largest producer and exporter of textiles, has the most complete textile and clothing industry chain among the world textile exporters. The upstream fiber, midstream fabric accessories, and downstream apparel industries are cluster in design; Catalyzed by the uncertainty brought on by the new corona epidemic, China’s high supply chain stability will also be increasingly valued by global brand customers.
③Huafu Securities: RCEP successfully signed A actions to benefit the export economy, the foreign trade concept and the shipping sector
Huafu Securities stated that the Regional Comprehensive Economic Partnership Agreement (RCEP) was officially signed yesterday. RCEP will be a recycling strategy for Asian economies. While maintaining manufacturing in Asia, it will also enhance Asian technology research and development capabilities and gradually form an Asia-dominated industrial chain. In the short term, this is a great opportunity for Asia to emerge from the economic crisis in the post-epidemic era; In the long term, the overall improvement of Asian manufacturing capabilities and economic integration will be another milestone in global regional integration after the European Union. The signing of the RCEP favors the enrichment of the options of the domestic consumer market and the reduction of corporate commercial costs. A shares are good for the export-oriented economy, foreign trade concepts, and the port and maritime sector.
④ GF Securities: RCEP landed, global trade echoed, fueling strong capex cycle
GF Securities noted that the RCEP member countries represent almost 30% of the world economy, which is currently the largest free trade agreement in force in the economy. The technological advantages of China, Japan and South Korea, the advantages of the workforce of ASEAN countries and the advantages of natural resources of Australia and New Zealand will allow the formation of deeper cooperation in the region. The signing of RCEP will have a strong demonstration effect or speed up the negotiation of TPP and TTIP. The division of labor in the region is clear and the logic of the global start of a strong capital spending cycle after the epidemic is clearer.
⑤Yuekai Securities: RCEP Signed to Boost Market Confidence, Shanghai Index Expected to Break Box
Yuekai Securities noted that the signing of RCEP by 15 countries marks the official conclusion of the world’s largest free trade agreement. The establishment of an economic super circle under China’s leadership will open up investment opportunities in related issues, helping to boost market confidence. If the thematic sector can continue to be active, it will help the general restoration of market sentiment and will also play a leading role in the Shanghai Stock Exchange Index. If the volume can be effectively amplified at the same time, after the consolidation of the short-term shock, the Shanghai Index is expected to reach the 3400 resistance area again. Compared to the Shanghai Stock Exchange Index , the ChiNext Index has stabilized in the past two trading days after two consecutive days of sharp declines on Tuesday and Wednesday, with limited short-term bearish momentum. Even if the ChiNext index continues to decline, the area below 2500-2600 points has strong support, and the space to the downside is narrowing, and a repairable bounce can be fixed in advance.
