Anxin strategy: A shares do not have the conditions to turn from bull to bear at present

Financial Associated Press, August 22 - Anxin's strategy team today issued a document saying that from the perspective of liquidity environment, a shares do not have the conditions to turn from bull to bear, at least they have the basis of structural market. At present, some pressure points faced by a shares: the outflow of northbound funds under taper's expectation and the poor report in the consumer industry belong to the negative factors that have been expected in the early stage and last for a short time. The policy uncertainty of some industries needs to be further clarified and digested. We believe that the market may be over interpreted and worried, but in any case, it will not affect the main line of high boom and long track or high-end manufacturing represented by "Ning portfolio". In the medium and long term, the most important factor for the main line to switch is the comparison of the boom trend. In the allocation direction, continue to allocate new energy and other high boom and long-term track targets. In the short term, pay appropriate attention to the direction of benefiting from stable growth and loose policies, that is, the allocation of Ning portfolio + steady growth of transactions. The industry pays attention to: military industry, new energy, chemical industry, coal, etc. the middle line continues to be optimistic about small and medium-sized markets In the three directions of military industry and new infrastructure, pay appropriate attention to the infrastructure chain, securities companies, real estate and other directions that benefit from loose policy expectations.