Sino-Singapore Jingwei, December 7th. On the 7th, the three major A-share indexes collectively opened higher, with the securities sector leading the way.

  Source: Flush iFinD

  The Shanghai Stock Exchange Index rose 0.61% to 3611.22 points, the Shenzhen Component Index rose 0.62% to 14,845.02 points, and the ChiNext Index rose 0.70% to 3,49.76 points. Securities, property management, lease and sale shares, and titanium dioxide concepts led the gains. In the two cities, the EDR concept, chicken farming, and tobacco sectors were among the top decliners.

  The ratio of all trading stocks in Shanghai and Shenzhen stocks was 3089:770. There were 14 daily limit and 5 daily limit.

  As of December 6, the margin of margin trading in Shanghai and Shenzhen stocks was 1.84 trillion yuan.

The balance of financing on the day was 1.72 trillion yuan, a decrease of 555 million yuan from the previous trading day; the balance of securities lending that day was 119.135 billion yuan, a decrease of 1.917 billion yuan from the previous trading day.

  In terms of individual stocks, the daily limit shares during the call auction period are as follows: Dishengli (9.98%), Xiyi Shares (10.05%), Hunan Tianyan (10.14%), Sanyangma (9.99%), Water Shares (10.00%).

  The limit-down stocks are as follows: Dingsheng New Materials (-10.01%).

  On the evening of the 6th, the central bank announced that it would lower the deposit reserve ratio of financial institutions by 0.5 percentage points on December 15, 2021 (excluding financial institutions that have implemented a 5% deposit reserve ratio).

After this reduction, the weighted average deposit reserve ratio of financial institutions was 8.4%.

The relevant person in charge of the central bank introduced that the purpose of this RRR cut is to strengthen cross-cycle adjustment, optimize the capital structure of financial institutions, improve financial service capabilities, and better support the real economy.

The RRR cut this time is a comprehensive RRR cut, releasing a total of about 1.2 trillion yuan in long-term funds.

  Yang Delong, chief economist of Qianhai Open Source Fund, told a reporter from China-Singapore Jingwei that the central bank's RRR cut boosted my country's economic recovery and facilitated the launch of the inter-year market.

  According to Cinda Securities' analysis, the RRR cut will help brokerages to unfold the new year's market.

In the recent roadshow, investors' attention to the brokerage sector has increased significantly.

At present, the asset quality of the industry is solid, and the performance growth rate is good. We are firmly optimistic about the main line of wealth management.

  Yuekai Securities said that the history of resumptions found that the

winning rate was the highest one week after the RRR cut.

Back through history,

after lowering quasi-market performance the next day ups and downs in half, but the increase was significantly better than the GEM stock index, the market's overall performance one week after the RRR has improved, winning percentage rose to 63%,

the same business The performance of the board was better than that of the main board. After the RRR cut, the winning rate dropped significantly in the month after the RRR cut. The market has corrected. At this time, the growth rate of the GEM is also greater than that of the main board, showing greater volatility.

  Zheshang Securities believes that by reducing bank financing costs, the goal of this RRR cut is to reduce corporate financing costs, ease corporate operating pressures, and stabilize economic growth.

After the RRR cut, we need to pay attention to the steady growth of wide credit in the first quarter of 2022, that is, we continue to emphasize the “four arrows” wide credit in the first quarter of 2022: manufacturing loans, carbon reduction loans, infrastructure loans, and mortgage loans.

Reflecting market performance, as the market has previously expected, it is expected that the RRR cut will have little impact on stocks and bonds overall.

(Zhongxin Jingwei APP)

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

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