China News Agency, Beijing, November 2 (Reporter Chen Kangliang) China's A shares continued their rally on the 2nd (Wednesday), and all major stock indexes rose.

The representative Shanghai Composite Index opened lower and moved higher that day, all the way up. Although it fell back in late trading, it finally managed to return to the 3,000-point mark.

　　Specifically, as of the close of the day, the Shanghai Composite Index reported 3,003 points, an increase of 1.15%, with a turnover of 457.6 billion yuan (RMB, the same below); the Shenzhen Component Index reported 10,877 points, an increase of 1.33%, with a turnover of 594.6 billion yuan; the ChiNext Index reported 2375 points, up 1.63%.

　　Guohai Securities analyst Hu Guopeng said that the reasons for the recent sharp rise in the market mainly include: first, the expected changes in the new crown pneumonia epidemic prevention and control policies, some provinces in China emphasize the accuracy of epidemic prevention and control, and cannot be indiscriminately closed and controlled; second, industry and Policies at the regional level have been intensively exerted. The Ministry of Finance issued the implementation opinions to support Shenzhen in exploring and innovating the fiscal policy system and management system, and actively supported Shenzhen's new local government debt limit.

In addition, the China Alcoholic Drinks Association jointly published an article with six major liquor leaders, calling on investors and consumers to view changes in the capital market rationally, alleviating pessimistic expectations in the market; third, the external environment has eased, including the recent rebound in US stocks, German The Prime Minister is about to lead a delegation to visit China, and important international conferences including the G20 Summit will be held in November. It is expected to see an opportunity to improve relations between major powers. All these have increased market risk appetite.

　　In terms of specific sectors, most industry sectors of A shares rose that day.

Among them, automobiles, photovoltaic equipment and other sectors rose 4.98% and 3.3% respectively, leading the increase.

　　In response to the future trend of A-shares, Ai Xiongfeng, an analyst at Sinolink Securities, said that the recent multiple signals indicate that the A-share market is coming out of the bottom, opening up the imagination of market reversals.

Including: First, the major shareholders of listed companies increased their holdings.

Since mid-to-late October, major shareholders of A-share listed companies have continued to issue plans to increase their holdings.

At present, the scale of net reduction of major shareholders of A-share listed companies has continued to decline, and the recent week has shown the characteristics of net increase in holdings.

Historically, the continuous release of holding increase plans and the emergence of net holdings also often occurred at the bottom of the market.

Second, the increase in share repurchase.

The number of listed companies that have recently issued repurchase plans has shown signs of a clear recovery, which historically often means that the market will come out of the bottom.

The third is the low position of private equity funds.

At the end of September, private equity fund positions were close to the low point at the end of April, and compared with the average level of more than 75% in the past three years, there is still more room to increase positions.

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