China's A-shares got off to a good start in March, with the Shanghai Stock Exchange Index firmly above 3,000 points

　　China News Service, Beijing, March 1 (Reporter Chen Kangliang) On the first trading day of March, China's A-shares got off to a good start, with all major stock indexes rising.

After experiencing strength in the previous trading day, the representative Shanghai Composite Index continued to rise slightly on the 1st and stood firmly above the 3,000-point mark.

　　As of the close of the day, the Shanghai Composite Index reported 3,027 points, an increase of 0.39%; the Shenzhen Component Index reported 9,434 points, an increase of 1.12%; the GEM Index reported 1,824 points, an increase of 0.94%.

　　Liu Sijia, an analyst at Donghai Securities, said that the recent rise in the A-share market is mainly due to the fact that regulators have stepped up efforts to introduce favorable policies and increase the frequency of communication with the market. The strengthening of supervision has boosted market confidence.

　　Regarding the long-short income swap (DMA) business of private equity funds that has attracted much attention, a spokesman for the China Securities Regulatory Commission recently stated that according to data from China Securities Inter-Agency Quotation System Co., Ltd., the scale of the DMA business has declined steadily since the market opened after the Spring Festival.

In the next step, the China Securities Regulatory Commission will continue to strengthen supervision and improve the system of OTC derivatives businesses such as DMA, guide the industry to control business scale and leverage, severely crack down on illegal activities, and maintain the smooth operation of the market.

　　In terms of sectors, most A-share sectors rose that day, and the technology sector performed well.

According to statistics from financial data service provider Oriental Fortune, the consumer electronics and computer equipment sectors rose 4.2% and 3.05% respectively that day, leading the gains.

　　Looking forward to the future stock market trend, Yan Xiang, chief economist of Huafu Securities, believes that the National Two Sessions are about to be held, and it is expected that the short-term upward trend of A-shares is expected to continue; in the medium and long term, China's economic recovery and good trend remain unchanged, and the profitability of A-share listed companies this year It is expected to improve; overseas, the Federal Reserve may start an interest rate cut cycle this year, and global liquidity may improve marginally, which is good for the A-share market.

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