The Two Cities Continued To Boom In The Afternoon.

According to incomplete statistics, after the formal implementation of the 80% lower limit of stock base positions, a conservative estimate of about 1 trillion and 274 billion yuan "ammunition" can enter the market.

In order to stabilize economic growth, the NDRC increased investment in infrastructure.

The industry expects that in August, due to seasonal disturbance factors, the market capital surface is often slightly more relaxed than in July.

The two cities continued to soar in the afternoon, the Shanghai Stock Index soared more than 5%, and stabilized 3900 points. The two cities rose more than 2700 shares and exceeded 250 shares.

As of press release, Shanghai index rose 5.22% points to 3939.78 points.

The increase is almost 6%.

The intensity of policy stability is constantly increasing. The Shanghai Stock Exchange and Shenzhen Stock Exchange have revised the rules for margin trading. After the sale of securities, they can repay their certificates. The revised trading rules will help further maintain market order.

In August 7th, the China Securities Regulatory Commission stressed once again that it is necessary to firmly establish the overall situation, analyze the current market situation rationally and rationally, and continue to stabilize the market and stabilize people's hearts as the top priority.

At the same time, in order to stabilize economic growth, the NDRC increased investment in infrastructure, which shows that the measures to stabilize the economy in the second half of this year are steadily increasing.

Analysts say that despite the current

The operation has been gradually stabilized, but the actions of the management to stabilize the market are still continuing. The abundant means of maintaining stability have become the most favorable factors to support the stable operation of the current and late market to a certain extent.

In addition, in August 8th, the measures for the operation and management of public securities investment funds were put into effect.

The lower limit of positions was adjusted from 60% to 80%.

According to incomplete statistics, after the formal implementation of the 80% lower limit of stock base positions, a conservative estimate of about 1 trillion and 274 billion yuan "ammunition" can enter the market.

In terms of funds, last week, the net return of funds in the open market was 5 billion yuan, ending the net investment in the first two weeks.

However, the overall market capital interest rate declined slightly, indicating that the market funds were relatively loose.

The industry expects that in August, due to seasonal disturbance factors, the market capital surface is often slightly more relaxed than in July.

In addition, last weekend, the Statistics Bureau released CPI and PPI data in July, showing that CPI rose 0.3%, an increase of 1.6% compared with the same period last year, while PPI fell by 0.7%, down 5.4% from the same period last year.

It is widely expected that the tone will remain unchanged.

It is worth noting that the position of the public offering partial stock fund has dropped by 2.87%, and the position has dropped to 59.85%, which is close to the bottom level of the bear market in 2008. It is at a historical low level, and nearly 300 funds are almost in empty positions. More than one trillion yuan of funds can be put into the stock market at any time.

However, Ying Da securities Li Daxiao said that the market's worries about the two bottom still exist, and the volume is shrinking.

There are several reasons for the repeated shocks of the current market index.

First, the previously overvalued valuation needs to be adjusted; two, investor confidence needs to be repaired; three, stability and stability funds need to be deployed in order to gradually support the market through redistribution and strengthening the strength of the rescue market. These three aspects need some time.

At present, the parties need to be calm and objective about the current market situation. We should not only see that the valuation has not been adjusted to the right place, but also support some partial and favorable factors, such as prohibiting the reduction of large shareholders, suspending IPO, accelerating the entry of stability and stability, and reducing leverage.

Minsheng Securities believes that the market outlook should pay close attention to three aspects.

The first is the change of quantity.

Shrinkage is often a prelude to the change of disk, and there is still a need to continue the process of replenishment.

Secondly, from the trend, from the high point 5178 points to 4184 points to connect, forming a downward trend line, the location in the vicinity of 3800 points, pressure on the index, if the market can break through this position, means that the market is gradually out of the downward path.

Market pressure to digest is expected to have a period of time, interval shocks or will continue.

Third, the continuous decline of crude oil prices and the stabilization of commodity prices and the upward trend of industrial value added above scale will have an impact on the market.

Morgan, the chief economist of the voucher Research Institute and Zhang Jun Stanley Huaxin securities, believes that there has been a great divergence in the market whether the bull market logic is still established after a sharp correction in the market.

No matter how much divergence the market investors have, one thing is for sure. That is to say, whether it is to maintain the logic of the bull market or to return to the logic of the bull market, it is the key for the central bank to maintain a loose monetary policy in the process.

In short, first, it is necessary for the central bank to maintain a relaxed monetary policy stance in the near future to help restore confidence in the capital market, which will largely block the spread of the stock market crisis to the entire financial market and even the real economy, thereby avoiding a "balance sheet" recession in the economy.

Second, the "bottom up" or "bull" of the capital market still depends on the fundamentals of the economy. Although the policy stance of steady growth in the second half of the year will shift to a "positive fiscal policy", we have repeatedly stressed that the implementation of the "proactive fiscal policy" can not be matched by the "relatively loose monetary policy".

In the keynote of the "stability and continuity of macroeconomic policy" highlighted in the previous Politburo meeting, the central bank also affirmed the effect of monetary policy in the two quarter monetary policy report.

It believes that in the second half of the year, the economy will continue to stabilize and improve under the impetus of "double breadth" of fiscal and monetary policies, which will further promote the market of the stock market.