China's A-shares got off to a good start in February, and the Shanghai index hit a new high for the year

　　China News Agency, Beijing, February 1 (Reporter Chen Kangliang) On the first trading day in February, China's A-shares ended with a boom, and all major stock indexes rose. The representative Shanghai Composite Index rose nearly 1% that day, setting a new high for the year.

　　As of the close of the day, the Shanghai Composite Index was at 3284 points, an increase of 0.9%, with a turnover of 413.4 billion yuan (RMB, the same below); the Shenzhen Component Index was at 12158 points, an increase of 1.31%, with a turnover of 591.2 billion yuan; the ChiNext Index was at 2613 points , up 1.27%.

　　Most A-share sectors rose that day.

Among them, the games, Internet services and other sectors performed well, rising 3.83% and 3.55% respectively, leading the increase.

　　Recently, the International Monetary Fund (IMF) has sharply raised its forecast for China's economic growth this year to 5.2%, which is 0.8 percentage points higher than the previous forecast.

　　Shen Zhengyang, an analyst at Northeast Securities, said that the recent strengthening of A-share shocks is mainly due to more positive information.

In addition to the IMF's upward revision of China's economic growth forecast, Chinese officials recently announced that China's Manufacturing Purchasing Managers' Index (PMI) rose to 50.1% in January, returning to the expansion range.

This means that with the gradual easing of the new crown epidemic and the gradual implementation of policies to stabilize growth, China's economic environment is expected to continue to improve, which will help boost investor confidence.

　　Looking ahead, Guosen Securities analyst Wang Kai said that the recent continuous net inflow of foreign funds is an important reason for the strength of A shares.

This round of foreign capital's increased allocation of A shares is mainly due to the optimization of China's epidemic prevention policy combined with the recession of major overseas economies and expectations of RMB appreciation, and the choice of funds out of risk aversion and arbitrage needs.

According to the IMF's forecast of the global economy, among the world's major economies, China's economic expectations are "outstanding", economic fundamentals will help strengthen the continued attractiveness of foreign capital, and we are optimistic about the follow-up market of A shares.

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