Stock operation example
According to historical data since 2007, the last month's high point of fundraising occurred in May 2015. It was also a bull market environment that boosted the scale of fund issuance. 104 new funds wereStock operation example established that month, with a total issuance scale of 3,027.4 billion yuan. This also means that this July should have surpassed the previous record.
In addition, Yuan Da introduced that the National Development and Reform Commission will further promote the resumption of work and production of foreign-funded projects and enterprises, and various aid policies are equally applicable to domestic and foreign enterprises. Continue to focus on the implementation of major foreign-funded projects, and on the basis of the implementation of the first three major foreign-funded projects, the fourth major foreign-funded projects will be launched this year. Fully implement the "Foreign Investment Law" and its implementation regulations.
In terms of sectors, the Ant Financial concept stocks staged the first trading limit wave. The medical sector NMN concept, animal vaccines, medical equipment, etc. rose at the top; the military industry, finance, environmental protection, etc., which performed strongly yesterday, were severely divided, and the sector fell in the top; funding round Move to liquor, UHV, MiniLED, fine decoration, gold, silver and other sectors.
WTI October crude oil futures closed down US$0.75, or 97%, to US$330/barrel. Brent's November crude oil futures closed down 0.73 US dollars, or 79%, to 40.06 US dollars per barrel.
Second, the fiscal deficit rate. During the period from February to April this year, the Political Bureau of the CPC Central Committee held a total of three meetings of the Political Bureau of the CPC Central Committee, focusing on fighting the epidemic and stabilizing the economy. Relevant meetings proposed that efforts should be made to achieve the annual economic and social development goals and tasks to ensure that poverty alleviation tasks are fully completed on schedule. A proactive fiscal policy should be more proactive and a prudent monetary policy should be more flexible and appropriate, appropriately increase the fiscal deficit rate, issue special treasury bonds, improve the efficiency of capital use, and truly play a key role in stabilizing the economy. Under the impact of this epidemic, the focus of future economic regulation will also be closely linked to stable growth in order to achieve six stability and six guarantees, and the expected target of the fiscal deficit rate set by the two sessions this time can also reflect the government's escort of the six stability and six guarantees. The strength of the policy is geometric. Looking back at history, the expected target of the government budget deficit rate since 2009 has been around 2-3%, while the actual deficit rate has remained at around 1-2% in 2009-14, and the deficit rate has gradually increased to 9% in 19 years since 2009. %. Comparing the changes in the government deficit rate in 2009 after the 2008 financial crisis, the average actual government deficit rate in the five years before 2009 was 0.6%, while the actual fiscal deficit rate in 2009 rose sharply to 2%. In the first quarter of 2009, the year-on-year GDP growth rate fell sharply to 4% due to the impact of the global financial crisis in 2008, reflecting the increase in domestic regulation and control. In the end, the cumulative year-on-year GDP growth rate for the whole year of 2009 rebounded to 4%. . Going back to the present, in terms of monetary policy, the central bank has lowered the winning bid rate for the 7-day reverse repo, targeted reductions in the deposit reserve ratios of some small and medium-sized banks, and financial institutions’ excess deposit reserve interest rates at the central bank. The 1-year LPR interest rate in April has been lowered. 20 BP. Historically, the average spread of 10-year Treasury bonds between China and the United States was 60BP, and now it is at 180-190BP. There is still room for RRR cuts and interest rate cuts in the future. In terms of fiscal policy, it is expected that the two meetings will raise the expected target of the fiscal deficit rate to 5%, while superimposing the issuance of special treasury bonds. Historically, the issuance of special treasury bonds generally accounted for 30% of total fiscal revenue. Last year, the national fiscal revenue was around RMB 19 trillion. Therefore, we estimate that the issuance of special treasury bonds is at least 1 trillion yuan.
From the specific data, according to the 2017 annual report, in the household appliance industry, Shenzhen Konka A, Hisense Kelon, Dongfang Electric, Langdi Group, Zhaochi, Highly, Zhejiang Meida and other companies belonged iStock operation examplen 2017 The net profit of the parent company has achieved significant growth, with a year-on-year increase of more than 50%. In addition, the performance of the leading sub-sectors such as Supor, Boss Electric, and Midea Group has maintained a steady growth trend. The net profit attributable to the parent company during the reporting period has increased year-on-year. They are 237%, 208%, 170%.