Sino-Singapore Jingwei client, May 8: The QFII quota limit cancelled the good news. A-shares opened higher on the 8th (Friday). The Shanghai index reported 2882.71 points, an increase of 0.39%; the Shenzhen Component Index reported 10923.61 points, an increase of 0.56%. The GEM index reported 2117.87 points, an increase of 0.52%; the Shanghai 50 Index was 2864.86 points, an increase of 0.37%; the Shanghai and Shenzhen 300 reported 3943.00 points, an increase of 0.46%.

　　Shanghai and Shenzhen stock market opening performance source: Wind

　　On the disk, brokerage stocks were collectively active, and Hongta Securities led the gains; computer equipment, tourism comprehensive, instrumentation, communication equipment and other sectors rose the top. Specialized retail, plantation, insurance, agricultural products processing, park development and other sectors fell the top.

　　In terms of concept stocks, VPNs, unmanned banks, gold, digital currency, and Huawei HiSilicon have led the gains; capital leaders, REITs, eco-agriculture, ST concepts, and white sugar have fallen the most.

　　In terms of individual stocks, 2518 individual stocks rose, of which 25 individual stocks, such as Axis Research Technology, Boshen Shares, and Pace Shares, rose more than 5%. 682 stocks fell, including Jingwei shares, Ruixin Technology, ST Haoyuan and other 16 stocks fell more than 5%.

　　On the news, on May 7, the Central Bank and the State Administration of Foreign Exchange jointly issued the "Regulations on the Management of Domestic Securities and Futures Investment Funds of Foreign Institutional Investors (QFII)", which clarified and simplified the requirements for the management of domestic securities and futures investment funds of foreign institutional investors, to further facilitate Foreign investors participate in China's financial market.

　　The data shows that as of the end of the first quarter, the total number of A shares held by QFII reached 371, among which the top A shares held included Huaxi Biology, Bank of Beijing, Anhui Heli, Jiangsu Leasing, Han's Laser, Huafeng Superfiber, Star Semiconductor, Chuanyin Holdings, Astronix, Lanqi Technology, etc.

　　Industry analysis believes that since 2017, under the circumstances that the QFII and RQFII systems are not clear, the replacement of QFII and RQFII channels by Land Stock Connect is continuing. The short-term impact of the new regulations on the market may not be overestimated, but In the medium and long term, the new regulations will pave the way for future A shares to be included in MSCI and other international indexes in a larger proportion.

　　Regarding the trend of A shares in May, Chen Guo, a strategic analyst of Anxin Securities, pointed out that the core keyword of fundamental trends in the next stage is "recovery". With the end of the global economic shutdown, supported by unprecedented monetary and fiscal policies, the global economy is expected to recover, and A shares are expected to usher in a "recovery bull."

　　Dongguan Securities said that overall, the market trend has picked up in April. The stability of the domestic epidemic situation and the increased management support by the management have alleviated the market ’s concerns about the economy and overseas epidemic situation. Northbound funds returned to net inflows and other factors. It is expected that the market will continue to stabilize and stabilize in May.

　　In terms of operation, Dongxing Securities said that overall, the market in May is still dominated by structural opportunities. The most certain opportunity is still the recovery of domestic demand. The layout direction: First, autos, home appliances, new and old infrastructure in the direction of policy development Etc .; second, medicines, foods and beverages that have the necessary consumption attributes and relatively stable performance; third, are affected by the epidemic in the early stage, and now have gradually come out of the bottom and began to recover social services and delivery. In the medium and long term, we are still optimistic about the leading targets of the technology sector with a significant cycle trend. (Sino-Singapore Jingwei APP)

(The opinions in this article are for reference only, and do not constitute investment advice. Investment is risky and you need to be cautious when entering the market.)