China News Agency, Beijing, April 15 (Reporter Chen Kangliang) China's A shares suffered adjustments on the 15th, and all major stock indexes fell.
The representative Shanghai Composite Index fell 0.45%, with a cumulative loss of 1.25% for the week.
As of the close of the day, the Shanghai Composite Index reported 3211 points, a decrease of 0.45%, with a turnover of 413.5 billion yuan (RMB, the same below); the Shenzhen Component Index reported 11648 points, a decrease of 0.56%, with a turnover of 497.7 billion yuan; the Small and Medium Composite Index reported 11558 points, a decrease of 497.7 billion yuan. 1.23%; ChiNext Index reported 2460 points, down 0.24%.
Wang Shuang, an analyst at Chuancai Securities, said that the overall adjustment of A-shares this week is mainly due to: the recent increase in the Fed’s interest rate hike expectations and balance sheet reduction expectations, and in the context of tightening global liquidity, capital preferences have changed, and they prefer to avoid In addition, some investors worry that repeated domestic epidemics will cause short-term disturbances to the Chinese economy.
Wang Shuang further pointed out that at the current time point, the judgment of the market should mainly focus on three aspects, one is whether there is an inflection point in inflation in the United States, the second is the implementation of China's domestic stable growth policy, and the third is when the domestic epidemic will be effectively controlled.
But overall, the overall valuation of A-shares at the current time node is lower than the historical average, and has configuration value.
In terms of specific sectors, most of the A-share sectors fell on the day, but the banking sector rose 1.42% against the trend, ranking among the top gainers.
Some industry insiders pointed out that with the continued efforts of the policies of liberalizing credit and stabilizing growth, the banking sector with sound fundamentals has a large room for valuation repair.
In addition, it is about to enter a period of intensive release of the first quarterly report, and the performance is expected to continue to catalyze the bank stock market.
Dongxing Securities analyst Lin Jinlu also said that the banking sector's full-year performance in 2022 has strong stability and certainty, mainly supported by three aspects: First, the lenient credit policy promotes banks to accelerate the expansion of their balance sheets, and net interest income is expected to maintain rapid growth; Second, the accelerated transformation of wealth management business will contribute to new profit growth points; third, the current asset quality burden is light and the safety pad is thick, which will support profitability.
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