Two trillion yuan!Shanghai and Shenzhen stock markets have finally ushered in this historic moment of daily turnover, and the turnover of Shanghai Stock Exchange has continuously exceeded one trillion.What creates this situation of daily turnover is the huge differences between investors on the future market and the style conversion between large and small stocks.The turnover of the two cities exceeded 1 trillion yuan on December 9 last year, when the two cities plummeted.
”Two trillion yuan!”Shanghai and Shenzhen stock markets have finally ushered in this historic moment of volume turnover, and the turnover of Shanghai Stock Exchange has continuously exceeded one trillion.It is the huge differences between investors on the future market and the style conversion between large and small stocks that create this “volume” situation.
The turnover of the two cities exceeded 1 trillion yuan on December 9 last year, when the two cities plummeted.However, this time, the turnover of the two markets exceeded 2 trillion, which was the market excitement period.On May 25, the Shanghai index broke 4800 points, setting a new high in this round of market.From the perspective of trading volume, the turnover of the two markets was 1079.296 billion yuan in Shanghai and 953.733 billion yuan in Shenzhen, with a total turnover of 2033.029 billion yuan.
Many analysts believe that the bull market will continue, the market will gradually enter the “bubble” period, but this is likely to trigger more powerful regulation of management, and even appear like the “twelve gold medal” or “stamp duty” in 1996.However, more market participants believe that management will only guide the market by guiding the fund to “go out to sea” and issue new shares.这并不是一个沉重的手。
Previously, Zhang Yidong’s team of industrial securities thought that the management might cool down the stock market, and stressed that late May is a key time point, and investors should pay close attention to the policy trend.Once the policy turns like “twelve gold medals” in 1996, the Shanghai stock index may face big fluctuations.
The strategy group of Changjiang Securities has also published a research report that the stamp duty may be increased in the third quarter.The current level of unilateral levy of 0.1% of stamp duty is not only a very low level in history, but also under the background that the current trading volume is constantly expanding and the state needs to open up sources after reducing the entity tax, the state has a strong incentive to improve the level of stamp duty.Stamp duty is not only a tool for the state to regulate the market, but also an important source of short-term fiscal revenue.
Peng Wensheng, chief economist of CITIC Securities, believes that in the process of promoting capital market innovation and promoting capital market to serve the real economy, we should also focus on controlling risks or controlling bubbles.
Some market participants do not agree that the market will trigger the crackdown measures.Hu Yu believes that in the near future, it will not trigger the management’s measures to suppress the bull market, which is not the essential meaning of the management.The main thing is to guide the “sluice gate” to release the flood.For example, to guide the flow of funds to value depressions, including the Hong Kong stock market, will also speed up the introduction of the registration system.