A-share opening express | Three major indexes collectively open higher, leading by the insurance and other large financial sectors

On January 23rd, the three major A-share indexes collectively opened higher. As of 9:40, the Shanghai Composite Index rose%, the Shenzhen Component Index rose%, and the ChiNext Index rose%. Six departments jointly issued the "Implementation Plan for Promoting the Entry of Medium and Long-Term Funds into the Market". GF SEC pointed out that the policy aims to enhance the stability of the capital market, with sufficient stabilization policies in place. In the short term, there is a policy vacuum period, and market activity is fluctuating. With external uncertainties gradually being addressed, incremental funds are expected to enter the market, and market activity is expected to rise again. In terms of market performance, the insurance, securities, and other major financial sectors were active. Copper cable high-speed connectivity was repeatedly active, and rare earths, agricultural planting, and other sectors led the gains, with no sector in the two markets experiencing a decline. Regarding main funds, funds favored industries such as banking, diversified finance, and insurance, while funds flowed out of industries such as consumer electronics and communications equipment. Institutional Views: Looking ahead, Orient pointed out that a turning point in the medium to long term has appeared in the A-share market. With various economic policies gradually being implemented, the possibility of economic stabilization and recovery has greatly increased. More industries and companies will experience a turnaround in operations. GF SEC: Promoting the entry of medium and long-term funds into the market to enhance the intrinsic stability of the capital market, and market activity is expected to rise again. GF SEC stated that on January 22nd, with the approval of the Central Financial Committee, the Joint Implementation Plan for Promoting Medium and Long-Term Funds to Enter the Market was officially issued by the Central Financial Office, the China Securities Regulatory Commission, the Ministry of Finance, the Ministry of Human Resources and Social Security, the People's Bank of China, and the Financial Supervision Administration. Adhering to the goals and problem-oriented approach, strengthening top-level design, focusing on the present while looking to the future, the plan aims to further guide commercial insurance, social security funds, basic pension insurance, corporate (occupational) annuities, public funds, etc., to increase their entry into the market. Promoting the entry of medium and long-term funds into the market will enhance the intrinsic stability of the capital market. The entry of medium and long-term funds will help optimize investor structure, guide the establishment of a value investment and long-term investment philosophy, reduce market volatility and speculation, thereby boosting investor confidence and better fulfilling the market's resource allocation function. The policy aims to enhance the stability of the capital market, with sufficient stabilization policies in place. In the short term, there is a policy vacuum period, and market activity is fluctuating. With external uncertainties gradually being addressed, incremental funds are expected to enter the market, and market activity is expected to rise again. CITIC SEC: Subsequent entry of medium and long-term funds into the market may accelerate further. CITIC SEC pointed out that with the official implementation of the "Implementation Plan for Promoting the Entry of Medium and Long-Term Funds into the Market", specific deployment arrangements have been made for various types of medium and long-term funds entering the market, involving commercial insurance funds, pension funds, corporate annuities, public funds, etc. CITIC SEC believes that the subsequent entry of medium and long-term funds into the market may accelerate further, enhancing the intrinsic stability of the capital market. Cinda: The second wave of upward movement may be a slow start. Cinda believes that it may be the second buying point before the Spring Festival. On one hand, seasonal rules show that February is the month with the best odds of success in the first quarter. On the other hand, more importantly, March-April is a time when economic data and residents' enthusiasm for funds are likely to change. If the market position is not high before the Spring Festival, the buying point is relatively safe. However, from a trading perspective, the start of a new round of upward movement may be relatively slow, and investors can gradually increase their positions without rushing to chase the rise. Because: 1. If it is only a seasonal game, market volatility is mostly not significant, but if there is a significant upward movement in Q1, the impact of an economic turning point or residents' funds needs to be observed. Economic data in January in previous years have mostly not changed significantly, with a greater possibility of significant changes from February to June. 2. Referring to the experience of 2019-2021, each time trading volume declines, the market's initial rise is relatively slow. Orient: A turning point in the medium to long term has appeared in the A-share market. Orient pointed out that overall, a turning point in the medium to long term has appeared in the A-share market. With various economic policies gradually being implemented, the possibility of economic stabilization and recovery has greatly increased. More industries and companies will experience a turnaround in operations. The technological revolution led by artificial intelligence is rapidly developing, and Chinese companies are already leading in many fields. From an investment perspective, the broad technology sector, especially ShenZhen New Industries Biomedical Engineering on the eve of an industrial outbreak, will be the main trend in the market for some time to come and is worth investors' attention. Popular Sectors: 1. The major financial sector was active in the early trading session. The major financial sector was active in the early trading session. Hubei Biocause Pharmaceutical rose for the second consecutive day, and ChinaLin, Guosheng Financial Holding Inc., Tianfeng, I2SOFT, Shenzhen Infogem Technologies, etc., all opened higher. Analysis: On the news front, the Central Financial Office and six other departments jointly issued the "Implementation Plan for Promoting Medium and Long-Term Funds to Enter the Market," clearly stating to increase the proportion and stability of A-share investments by commercial insurance funds; steadily increase the proportion of shares in national social security funds. 2. Agricultural sector fluctuated and rose. The agricultural sector fluctuated and rose, with Wanxiang Doneed hitting the limit up, KANGNONG SEED rising over 10%, and Gansu Dunhuang Seed Group, Winall Hi-tech Seed, Hefei Fengle Seed, ShanDongDenghai Seeds, etc., following the upward trend. On the news front, the "Comprehensive Rural Revitalization Plan (2024-2027)" was recently issued. The plan proposes that by 2027, substantial progress will be made in the comprehensive revitalization of rural areas, and agriculture and rural modernization will take on a new level. By 2035, decisive progress will be made in the comprehensive revitalization of rural areas, basic achievement in agricultural modernization will be realized, and rural areas will have basic modern living conditions. 3. Copper high-speed connectors concept continued to strengthen. The concept of copper high-speed connectors continued to strengthen, with Nanjing Huamai Technology hitting the limit up for the fifth consecutive day, and Xinya Electronic rising limit up, Shenyu Communication Technology Inc.Shenzhen Woer Heat-shrinkable Material, Dongguan Dingtong Precision Metal Co., Ltd., Broadex Technologies, Suzhou Recodeal Interconnect System, Kingsignal Technology, etc. have all seen price increases.Review: On the news front, overnight the US stock copper connection giant Anfeno rose by 7%, reaching a historic high in stock price. The company's adjusted net income for the fourth quarter was $695.2 million, with market estimates at $643.2 million. Adjusted operating income for the fourth quarter was $965.7 million, with market estimates at $885.3 million. Sales for the first quarter are expected to be between $4 billion and $4.1 billion, with market estimates at $3.96 billion. This article was reprinted from Tencent Stock Selection, GMTEight Editor: Chen Wenfang.