Approaching the critical moment for a-shares

[shapanwwuom]

As of january 5, a total of 73 a-share listed companies have released 2024 annual performance forecasts, 44 of which are positive, with the proportion of forecasts being approximately 60.27%. The performance forecasts of listed companies related to machinery and equipment, consumer electronics, basic chemicals and other industries are good.

The central bank has made its latest statement.

The central bank's fourth quarter regular meeting once again emphasized that it will implement a moderately loose monetary policy in 2025 and cut reserve requirements and interest rates at appropriate times; make good use of the two structural monetary policy tools that fully support the capital market, explore normalized institutional arrangements, and maintain the stable operation of the capital market.

Among them, "opportunistic rrr cut and interest rate cut" triggered heated discussions in the market. Dong ximiao, chief researcher of china merchants union, believes that if external unstable factors increase chinese thailand data and the downward pressure on the domestic economy increases, then the timing of the rrr cut and the interest rate cut will be earlier and the intensity will be increased; if the domestic economy recovers steadily, it will be necessary to cut the rrr rate and interest rates. And the probability may decline.

Compared with the third quarter, the fourth quarter monetary policy committee regular meeting added a new expression to " prevent funds from being idle " :

"enrich and improve the monetary policy toolbox, conduct government bond sales, and pay attention to changes in long-term yields. Smooth the monetary policy transmission mechanism, improve the efficiency of fund use, and prevent funds from being idle."

data tracking cited by huachuang securities found that in the past 12 months, the scale of new deposits from non-bank institutions was approximately 6 trillion, and the funds invested by non-bank institutions into entities were approximately 3.5 trillion. The new deposits were significantly higher than the new deposits to entities. Investment, this may reflect the current accumulation of funds in non-bank institutions.