China News Agency, Beijing, April 7th (Reporter Chen Kangliang) On the 7th, China's A shares were long and enthusiastic, and the four major stock indexes all rose sharply. Among them, the Shanghai Composite Index rose more than 2%, breaking the 2800 mark.
As of the close, the Shanghai Composite Index reported 2820 points, an increase of 2.05%, and a turnover of 286.6 billion yuan (RMB, the same below); the Shenzhen Stock Exchange Index reached 10428 points, an increase of 3.15%, and a transaction of 445.5 billion yuan; the small and medium-sized board index reported 6857 points, up 3.4 %; GEM index reported 1969 points, up 3.31%.
Shen Zhengyang, an analyst at Northeast Securities, told reporters from China News Service that the rise in A-shares on that day was mainly due to the strengthening of the external market and the introduction of favorable policies from the Chinese government. Overnight US stocks rose 7%. Considering that the plunge of US stocks was an important interference factor for the rise of A shares, the strength of US stocks is conducive to enhancing the enthusiasm of A-share investors.
US stocks rose sharply on Monday. As of the close of the day, the Dow Jones index rose about 7.7%, the S & P 500 index rose about 7%, and the Nasdaq composite index rose about 7.3%.
Shen Zhengyang further pointed out that the People ’s Bank of China recently overweighted the RRR cut policy, which is conducive to improving market liquidity and also plays a positive role in the rise of A shares today.
The People's Bank of China announced recently that it has decided to lower the deposit reserve ratio by 1 percentage point for rural credit cooperatives, rural commercial banks, rural cooperative banks, rural banks, and urban commercial banks operating only in provincial-level administrative regions. On May 15th, it was put into place twice, with a reduction of 0.5 percentage points each time, and a total of about 400 billion yuan of long-term funds were released.
In response to the future trend of A shares, Yue Kai Securities analyst Yin Yue said that the current official growth policy of China still has more room, and it is expected that the future policy will be further strengthened; the external market has recently improved, due to liquidity tensions in the early stage As a result, the situation of concentrated asset sales has eased, and the interference of A shares has also been relatively alleviated. In addition, the overall valuation of A shares is relatively low globally, and it has valuation advantages. Overall, A-shares have multiple supports, and the Shanghai index is expected to hit the 3000-point area. (Finish)