In the case of nearly 100 billion funds such as QFII, insurance, social security funds, whether the stock index can get rid of cowhide to finish the situation, which is the most concerned focus of the market.
Two wave majors in the history of China's stock market are related to large-scale compliance funds. In the case of Nearly 100 billion funds such as QFII, Insurance, Social Security Fund, whether the stock index can get rid of the cowhide, which is the most focused focus of the market. Nearly 100 billion funds is allowed to enter the market directly into the market, and is the latest large-scale compliance funds introduced. According to the estimates of the industry, five or six billion insurance funds have been set in the frontier area of the stock market. Although there is a certain argument for the specific capital funds of the insurance company, the actual amount used to buy stocks is definitely a gradual water increase with the increase of insurance assets. In the case of the Insurance Fund Investment Fund, the inventory of the investment fund is reduced in the second half of the year, the actual funding of the insurance company through the fund is not reduced.
It is also already a compliance fund for the arrow in the string, and it is a social security fund. Since the four institutions working for the Social Security Fund have been reported to their respective financial product programs, the National Social Security Fund Council is conducting the final review to determine the respective financial amount assigned to the four institutions. According to the relevant data analysis, the social security fund's total capital funds will be about 38 billion yuan this year, and there are more than 2 billion yuan in the city funds.
In addition, QFII is also an important force that cannot be ignored in the compliance funds introduced by large-scale. Although QFII has been involved in the stock market to some extent, new foreign institutions are still in the constant join. It is understood that in addition to the 27 QFII that have been approved, there are several waiting for approval. In QFII, which has already begun to invest in, most of the willingness to add investment quota and submit a relevant application. Up to now, QFII gets funds that can invest China's stock markets of $ 3 billion.
Fund promotion
The stock market fell from the year of April 2001, and there was no relationship with the large-scale extraction of the funds. As a stock market that is funded, the stock index is currently at 1300 points, and it is considered to be seeking to eat. After all, nearly 100 billion compliant funds were competed into the stock market, and the stock index did not make a response. Wuhan Newland analyst Rong Jidong believes that the two waves in the history of China's stock market have been introduced with large-scale compliance funds.
According to reports, the first time, due to the introduction of the compliance funds, occurred from the beginning of 1996 to May 1997. The Shanghai and Shenzhen market transforms from regional markets into a national market, attracting investors from all over the country to continue to enter the market; from May 1999, the big bull market in April 2001, and three types of companies are allowed to enter the stock market and The rapid growth of the fund power is directly related.
In fact, nearly 100 billion compliance funds that have been competed in the stock market may not introduce compliance funds into one of the stock markets. Article 3 of the Nations is to encourage compliance funds to enter the stock market, which emphasizes the development of funds to invest in the capital market in the social security fund, enterprises to supplement the pension fund, commercial insurance funds, etc. In addition, Nine State also talked about the development of funds and introducing QFII.
Can you reproduce the quality?
However, for the judgment of the current market, the investors such as funds and individual investors and individual investors are quite obvious.
Among the 122 stock directional funds that have been disclosed in the third quarter, most of them sustainably add a warehouse to the recognition of the value of the Shanghai Composite Index in 1300 points. Lin Jie, a fund researcher, the Securities Institute, the Securities Institute, further discovered that the fund founded in August and September without disclosing the three-quarter report, and their investment is more radical, and the investment opportunities are getting more and more bold.
Instead, personal investors continue to step around 1300 points. The latest survey released by the China Social Survey showed that 21% of the respondents believe that the impact of the rate of interest on the stock market would be relatively large, and 36% said they decline due to the confidence of the stock market due to the interest rate.
The industry believes that the contrast of the stock market judgment between institutions and individual investors indicates that the psychological settings that have to be changed after long-term falls still need to leave time. However, the compliance funds are constantly growing, and it is certain that the stock market has a quiet amount, and the amount of energy required to reproduce the outbreak of the vitality and vitality. Shanghai Securities News reporter Chen Jianjun
