During the two sessions of the Chinese Communist Party, the Shanghai index fell from 3503 points to 3357 points.
During the two sessions of the Communist Party of China, the mainland stock market fell frequently, and despite the entry of the “national team” to protect the market, the stock market continued to fall. “.
According to Hong Kong‘s Apple Daily and Hong Kong Economic Journal, on March 10, mainland Weibo users were unable to search for “stock market” and “stock market plunge” in the morning, and could not search for them until the afternoon, when the ban was lifted. The content was only released in the afternoon.
According to the news, some Weibo users found that they could not find any results after entering “stock market” or “stock market plunge” in the keyword search on Weibo in the morning of 10th. However, they could search for the words “stock market surging”, “stock market soaring” and “national team entering the market” on Weibo.
Because the mainland stock market has long been known as the “policy market”, the mainland stock market usually rises during the two sessions of the Communist Party of China (CPC) to give the CPC a “good Time“, or at least not to let the stock market fall sharply, but during the current session, the stock market does not seem to give the CPC face.
The two sessions of the CCP were held in Beijing from March 4 to March 10 this year. On the opening day, the Shanghai Index fell 73 points, or 2%, and then fell for four trading days (5, 8, 9 and 10), from 3503 points on the 4th to 3357 points on the 10th, falling below the 3500-point mark.
In the face of the stock market’s unending decline, the Chinese Communist Party ordered the “national team” to enter the market to protect the market on March 9. Bloomberg reports quoted sources as saying that in order to avoid the stock market to continue to fall during the two sessions of the Chinese Communist Party, the “national team” entered to protect the market.
The mainland stock market opened lower on the 9th, with the Shanghai index opening 0.18% lower, the Shenzhen index opening 0.44% lower and the GEM opening 0.43% lower. After the opening, the two markets quickly lower, the Shanghai index once fell more than 2%, the deep into the index in the GEM finger dragged, once together fell more than 4%.
At this time, there is a “national team” large sums of money into the stock market, so that the two markets to quickly narrow the decline. Near the end of the afternoon before the market, the GEM index took the lead to turn red, the stock market showed a V-shaped reversal. But the “national team” to protect the plate did not last long, because the market sentiment is not high, after lunch, the two markets shocked lower by heavy losses. By the end of the day, the three major A-share stock indexes all fell.
CNA Securities analyst Zheng Zichun said, “The pace of China’s economic recovery is slowing …… at the same time interest rates continue to rise. Such a combination is not good for the stock market.”
Zhu Bin, an analyst at Southwest Securities, said that many leading stocks have not yet returned to the value range, the valuation is still not cheap, including newly issued funds, the allocation of incremental funds can not yet get off the ground, which is a bubble how to get up, how to burst the process.
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