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Financiers have recently invested 184.2 billion US dollars in wild buying of financial stocks and brokerage stocks exceeding 100 billion yuan

Financiers have recently invested 184.2 billion US dollars in wild buying of financial stocks and brokerage stocks exceeding 100 billion yuan
Original title: Financier hoarded $ 184.2 billion to buy financial stocks in the past month Source: Securities Daily reporter Su Xiangzheng In the last month, the trend of conversion into stocks 杭州桑拿 has picked up, the market has gradually become active, and leveraged funds have started to frequently add positions.Financial stocks have been intensively bought in many industries where financing customers are deployed.  According to statistics from the Securities Daily, during the period from December 7, 2019 to January 7, 2020, financial stocks in A shares were financed with a purchase amount of 184.2 billion yuan.Among them, brokerage stocks were bought 118.8 billion, accounting for up to 64.5%, reflecting the optimistic attitude of leveraged funds on the future trend of A shares.In addition, bank stocks were financed to buy 29.6 billion US dollars, accounting for 16%; insurance stocks were financed to buy 18.4 billion US dollars, accounting for 10%.  A person in charge of annuity management of a large insurance company told the Securities Daily reporter that during the recovery of the stock market, brokerage stocks were the target of high-quality allocation, especially the allocation value of leading brokerage stocks was prominent.Bank stocks have always been the heaviest holdings of risk capital.The scale, the stable dividend deeds of the bank stocks are in line with the nature of the insurance capital; the reorganization, the restructuring dividends of the existing bank stocks are mostly in the state of netting, the allocation value is high, and the security is good.  From the perspective of the financial segmentation industry, the stock market has turned warmer. In the past month, the stocks of brokerage firms have become the favorite sector for funders to buy.Specific to individual stocks, leading brokerage stocks are still the main target of financing customers.  According to the “Securities Daily” reporter, in the past month, the three securities firms of CITIC Securities, Oriental Fortune, and Nanjing Securities have all been financed with more than 10 billion yuan in purchases. Among them, the leading brokerage of CITIC Securities was financed with 16.8 billion US dollars.The purchase amount ranks first in financial stocks, and ranks second in all A-shares that have been financed to buy individual stocks.  In addition, the four stocks of CITIC Construction Investment, Caitong Securities, First Venture, and Huatai Securities were all financed to buy more than 5 billion yuan.The stocks that were purchased by financing include Zheshang Securities, Haitong Securities, Industrial Securities, Guangfa Securities, China Galaxy, etc.  Financing customers’ large purchases of securities stocks reflect to a certain extent that leveraged funds are bullish on the future trend of A shares.  Recently, China Life Security Fund, which China Life belongs to, also stated that, in comparison, the risks of A-share and H-share markets are relatively low in terms of relative or relative water level, especially in traditional industry valuations.At historically very low levels, even from the perspective of dividend yield, it has relatively good investment value.  Bank insurance shares accounted for 26% of bank stock purchases. Although bank stocks have been financed in the past month, although they are not as good as brokerage stocks, there are still many bank stocks that have attracted the attention of financing customers.According to a reporter from the Securities Daily, bank shares have been financed to buy US $ 29.6 billion in January, accounting for 16% of financial shares.  The original bank shares were financed to purchase more than joint-stock banks and city commercial banks.Among them, Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of Communications, Bank of Communications, and Construction Bank were respectively financed with purchases of 3.7 billion, 2.7 billion, 2.4 billion, 2.3 billion, and 1.6 billion.Top five.  Among the joint-stock banks, Industrial Bank, Ping An Bank, China Merchants Bank, Minsheng Bank, SPD Bank, Everbright Bank, Hua Xia Bank, etc. also all had financing purchases of more than 1 billion yuan.  It is worth noting that as of the close of January 7, there were still 22 A-share bank shares in a “broken” state.In this regard, Yang Delong, chief economist of Qianhai Open Source Fund, said that the large-scale “breaking” of the banking sector is mainly due to the fact that the bank’s profit growth has improved compared with the past few years; at the same time, the bank stock plate is relatively large.The trend is not strong. At this time, the difficulty of bank stocks is difficult to show great performance; conversion, bank stocks are less flexible, and small and medium investors are not very enthusiastic, mainly because some institutions allocate bank stocks.In Yang Delong’s view, estimates of domestic banking stocks are already at the bottom of history.  In addition to brokerage stocks and bank stocks, insurance stocks have also been “matched” by financiers.Data show that in the last month, Ping An, PICC, Xinhua Insurance, CPIC, China Life, Xishui, and Tianmao Group had 7 insurance shares, each of which was financed to buy 127.200 million, 17.700 million, 16.700 million, 8.700 million, 8.500 million, 3.500 million, 2.US $ 600 million, with a total purchase amount of US $ 18.4 billion, accounting for 10% of all financial stocks.  It is worth mentioning that the recent merger brokerage institutions said that they are optimistic about the performance of insurance stocks in the first quarter.In the insurance industry’s 2020 investment strategy, BOCI said that interest rate forecasts are expected to pick up in the short term. In 2020, it will be a “boom”. Various insurance institutions will generally use annuity insurance as their main product.Expected to achieve higher growth rates.Currently, the P / EV (market value / embedded value) of the insurance sector switching to 2020 is estimated to be only 0.8 times, optimistic about the previous performance of the insurance sector in the first quarter.  Other financial industry stocks have also been bought by financing. In addition to the three major sectors of banking, securities, and insurance, financial stocks in other sub-sectors have also been bought by financing customers to varying degrees.Among them, Shanguo Investment A in the trust stocks and Anxin Trust were respectively financed to buy 12.200 million, 9.300 million yuan.In addition, non-bank financial stocks such as AVIC Capital, Yuexiu Financial Holdings, Aijian Group, Jiangsu Leasing, Jiuding Investment, and Rendong Holdings have also been bought with varying degrees of financing.  Generally speaking, among the stocks bought by financing, whether it is banks, securities, insurance, or other non-bank finance, the leading 深圳桑拿网 stocks of all the sub-sectors in the field of financing are far ahead.  Why do financing customers get together to buy leading financial stocks?China Life Security Fund analysis believes that the overlap of leading stocks has become more stable through supply-side reforms, it is difficult to have new entrants in the financial industry, the prices of products and services have stabilized, and leading companies with good operating conditions are sufficient to increase dividends.The ability to scale.