Shanghai Index Rose 0.49% Points To 2057 Points, Beijing Tianjin Hebei Plate LED

today Shanghai and Shenzhen two cities Ups and downs, Beijing Tianjin Hebei, real estate plate strong, Internet and other theme stocks led the two cities.

As of noon, the Shanghai stock index reported 2057 points, up 0.49%, traded 59 billion 400 million; Shenzhen securities index reported 7230 points, down 0.16%, clinch a deal 63 billion 400 million.

From the industry sector, Beijing, Tianjin, Hebei, real estate, iron and steel, nuclear power and other sectors are among the top gainers, and Internet, sub new shares, transfer potential, health care and other sectors are all down.

National securities Xu Yiding believes that although the overall investment risk of the market has been reduced, there will be obvious differentiation between the plates, and the difference from the previous market operation pattern is that the blue chip sector is expected to strengthen by the favorable policies, and the small and medium sized stocks such as the strong gem in the past are likely to weaken.

Recent factors that underestimate the strength of blue chips include the following aspects.

First, recently, the management departments have officially promulgated the "preferred stock pilot management measures". The three types of listed companies can issue preferred shares publicly, including common stock as the Shanghai Stock Index 50 Index constituent stocks, the public offering preferred stock as the means of payment, the acquisition or absorption of other listed companies, and the reduction of registered capital for the purpose of repurchasing common stocks. Considering that these three types of companies are concentrated in blue chips and will enhance the performance and profit expectations of blue chips, the issuance of preferred shares will also stimulate the blue chip stock price.

Second, after the completion of the two sessions of the NPC, the guiding plan for the reform of state owned assets has been speeded up, and all these programs have actively encouraged all kinds of capital to participate in the reform of state-owned enterprises. The relevant state-owned listed companies are expected to gain greater benefits and business expansion in this round of reform. The market will also gradually improve earnings expectations for those undervalued state-owned blue chip listed companies.

Third, the Shanghai Stock Exchange recently relaxed the investment scope and shareholding ratio of QFII, and all QFII's investment holdings for single listed companies increased from 20% to 30%. The warning value of all QFII shareholding restrictions increased from 16% to 26%. Considering that QFII investment is more inclined to underestimate the value of blue chips, this is expected to introduce more long-term funds to invest in blue chips.

On the other hand, it is not conducive to Gem The investment factor is increasing.

First, the annual performance forecast for 2013 shows that the growth rate of gem is not match with expectation: the growth rate of gem is about 15%, which is significantly lower than that of 28.3. With the slowdown of economic growth this year, the growth rate of gem will further decline, but the consensus is still high. In 2014, the growth rate of gem is expected to grow to 50%. Therefore, with the growth of more gem in the first quarter of this year, the market will also reduce the growth forecast of gem this year.

Second, the current regulatory policy orientation is not conducive to the high valuation of gem. If the SFC fully promotes the reform of the GEM market in the near future, many measures may shake the current gem's high valuation system: the threshold of the gem listing will be reduced, including the financial indicators will be reduced, allowing enterprises with a certain income above a certain scale to be listed only on a one year profit record. The gem declaration enterprises are no longer limited to the 9 major industries, and the refinancing system of the gem is more flexible so as to facilitate the GEM companies to launch the "small, fast and flexible" private placement mechanism.

Therefore, Investment People should also adapt to the hot market changes and invest more in undervalued blue chips.