Disc observation

At the close, the Shanghai Composite Index reported 3039.67 points, up 0.31%; The Shenzhen Component Index reported 1 1629.70 points, up1.05%; Chuangzhi reported 2226.64 points, up 1.82%. From the disk, cloud office, quantum communication, domestic operating system and other sectors were among the top gainers, while hotel catering, titanium dioxide, airport shipping and other sectors were among the top losers.

market outlook

As a leading indicator of the economy, credit data has attracted much attention. According to the credit data released yesterday, the actual working day in June was only about three weeks, but the loan of RMB 5438+0.109 million in June increased by 3.34 trillion yuan compared with the same period of last year. The growth of social financing even exceeded expectations. In that month, driven by the massive issuance of local bonds and the rebound of off-balance sheet financing, social financing increased by 5.07 trillion yuan, an increase of 388.3 billion yuan year-on-year. The increase in new RMB loans and social financing both reached a new high in a single month.

In February, there may be structural changes in credit supply. Due to the spread of the epidemic and the Spring Festival holiday, the impact of the epidemic on February will be more obvious, and there will be differences in various industries. Specifically, the service industry and small and medium-sized enterprises will be greatly affected by the epidemic, and the credit demand will be reduced; Credit demand in areas related to epidemic prevention and control such as health care will increase against the trend; Capital-intensive and technology-intensive enterprises are less affected by the epidemic, and credit demand remains stable; The growth of traditional consumer credit has slowed down, but the demand for new consumer credit has increased.

The impact of future epidemic on financial data will gradually be reflected, but the supply will continue to exert its strength and the factors that stimulate credit growth will continue to increase. The central bank flexibly uses various monetary policy tools such as interest rate reduction and RRR, open market operation, refinancing and rediscount to ensure the stability of the market in the near future, and the subsequent market may shift from the expectation of monetary policy to the expectation of fiscal policy.

Operation strategy

After the securities sector has soared, we can pay attention to the leading stocks of Internet finance and the highly elastic stocks of the banking sector. Wen Fu, investment consultant, practice certificate number: S02606 1 1050006.