TTNEWS
  • entertainment
  • Sport
  • Finance
  • tec
  • Travel
  • military
  • Parenting
  • fashion
  • game
  • history
  1. home
  2. finance

A shares, heavy strikes!

2024-11-12 19:26:36

M1 send the strongest signal!

There is a statement in the history of A shares. In the wave market opened in 2005, the significance of the M1 indicator is very strong.Since the beginning of this year, this indicator has been weak, but from the financial data in October, M1 has picked up for the first time during the year.This has brought great expectations to the market.

In October, the year-on-year growth rate of M1 balance ushered in this years first improvement. Compared with last month, the decline decreased by 1.3 percentage points to -6.1%.After M2s growth rate is the first to improve, the growth rate of M0 and M1 has also rebounded.At the same time, the gap between the growth rate between M2 and M1 has also narrowed.Analysts believe that this is a positive incentive for A shares.From the perspective of the research framework, it can be said to be a super signal.

Return

On the 11th, the Peoples Bank of China released October financial data, adding 1.4 trillion yuan, a year -on -year increase of 0.4The balance growth rate was 7.8%year -on -year, a decrease of 0.2ppt month -on -month; loans increased by 1.5 trillion yuan, an increase of 1.2 trillion yuan year -on -year.The year -on -year growth rate of M1/M2 -6.1%/+7.5%, rising 1.3ppt/0.7ppt, respectively.

Among them, the growth rate of M1 is particularly attractive.The end of the M1 ended for 9 consecutive months, and after M2 took the lead in improvement, it also ushered in a rebound.At the same time, the growth gap between M2 and M1 has also narrowed, from 14.2 percentage points last month to 13.6 percentage points.

From the historical research framework, M1s influence in the equity market is very great.The market believes that "M1 is fixed to buy and sell", because M1 once represents the vitality of corporate current deposits and the operating vitality of the enterprise; and the central bank incorporates more residents current deposits in M1, and also hopes that M1 can fully represent the business vitality of the entity department.

Macro Studies of Hongta Securities believe that this change shows that with the gradual effect of a series of new policies and measures, the active of the real economy has improved, the investment and the investment of enterprises and residentsThe willingness to consume also increases.In addition, the increase in risk preferences of stock investors has also prompted some regular deposits to be transformed into current deposits to prepare for investment, which further increased the growth rate of M1.

Minsheng Securities said that the M2 growth rate has maintained a steady recovery trend from June, and the total amount of total currency has created a good foundation for the economic backward.The difference between the difference between the M2 scissors is narrowing, or it indicates that the effect of the previous series of incremental policies has begun to appear, the improvement of consumer confidence, the improvement of corporate production activity, and the increase in the flexible funds retained on the book.

The Yangtze River Securities believes that the reason for the improvement of data is: on the one hand, the impact of "manual interest rate supplies high interest rates" has gradually subsided. On the other handThe loan is righteous year -on -year.

Trend

From the data in January this year, the M1 growth has once leapt.Data published during the Spring Festival, after the Spring Festival, the market also had a very good rebound.However, due to the superposition of various factors, the growth rate of M1 continued to turn around.So, what will happen to the follow -up trend of M1 growth?

CICC said that the currency statistical caliber is expected to usher in amendments.The monetary policy report mentioned that the study of personal current deposits and payment institutions reserved deposits were included in the M1 statistical caliber. As of September, the year-on-year growth rate of personal current deposits and payment institutions was +3.9%/-2.4%, respectively, all higher than M1-7.4%of the growth rate.If the two are included in the M1 statistics, the calculation can increase the M1 growth rate by 4.1 percentage points (from -7.4%to -3.3%).

The Yangtze River Securities believes that the regulatory level is consistent with the needs of the market at the moment.At the same time, considering the central banks statement of "promoting the reasonable rise of prices", although it is different from the simple "inflation target system" of the Abe government in Japan, it means that incremental policy and support monetary policy position may continue.From the point of view of the time window, the fiscal incremental policy has been launched on November 8th. During the year, there may be 2 trillion special bond issuance. The next step is the central banks cooperation.Both or overweight.The M1, which is determined to buy and sell, and even the fundamentals, the looseness is more loose.

Hongta Securities believes that despite the improvement of the future expectations of the company, the willingness to invest and expand by increasing debt may still be insufficient.It also needs further repair.Since late October, key economic indicators such as PMI, real estate, exports and prices in my country have shown positive signals, indicating that the economy is recovering.Financial data also reflects that the expected investment and consumption expectations of enterprises and residents are increasing, which further confirms the turning point of the economic recovery.However, the conversion from wide currency to wide credit has not been fully realized.Looking forward to the future, a series of policy tools will play a role in fiscal and debt resolution.The Peoples Bank of China has also reiterated its firm position for its supporting monetary policy.With the further efforts of fiscal and monetary policy, the pace of economic recovery is expected to accelerate.

Responsible editor: Yang Yucheng

School countermeasures: dynasty all

illegal and bad information report:0755-83514034

Email: [email protected]

- Viewpoint->

Popular information
  • Shenzhen Stock Exchange: On November 16th, the internal test of the Shenzhen City Transaction and Settlement System was launched | 2024-11-12 23:54:14
  • Guangming Dairy: On November 11th, a net purchase of 13.2155 million yuan was bought, and a total of 41.5496 million yuan was bought on the 3rd consecutive day. | 2024-11-12 23:54:17
  • "Guidelines for Non -public Issuing Company Bond Project Resolving Negative List" ushered in revised and supported enterprises related mergers and acquisitions and reorganization behaviors | 2024-11-12 23:59:36
  • Yongxin shares fell by 1.85%, and the rolling price -earnings ratio was 14.71 times | 2024-11-13 00:01:50
  • Hollying customers receive 3 institutions for investigations, including Guosheng Securities, Huatai Berry Fund, and Agricultural Bank of China Huili Fund | 2024-11-13 00:09:29
  • Countdown!Bull stocks or ST | 2024-11-13 00:11:42
  • BYD (01211.HK) closed at 1.01%on November 12 to HK $ 2.263 billion in transactions | 2024-11-13 00:16:43
  • Small!No right?On Wednesday (November 13) A shares will usher in salvation | 2024-11-13 00:39:15
  • What is the impact of the "New Tax Deal" in the property market?Latest interpretation | 2024-11-14 08:08:32
  • Si Lian Ban Daniu stocks, the price -earnings ratio is as high as 239 times!Who is buying? | 2024-11-14 08:08:35
  • Economy, finally to bottom out? | 2024-11-14 08:16:18
  • It lasted more than a thousand days!The Bank of Xinjiang was fined a director who was dissatisfied with "sitting", and the court was sentenced to two cases after the supervision department. | 2024-11-14 08:16:22
  • Soaring 54%!New energy, there is a good favorable! | 2024-11-14 08:16:26
  • Bitcoin a record history | 2024-11-14 08:16:29
  • Differentiated!The popular track "Binghuo Two Heavens" | 2024-11-14 08:16:34
  • GAC Group withdraws from BYD joint venture new energy bus company | 2024-11-14 08:37:07
  • Baoli International: The change of control rights will be opened 22.57%of the shares to be transferred | 2024-11-14 08:37:44
  • A shares are going to suffer!1.8 trillion funds trembling | 2024-11-14 08:45:06
  • Relying on Huawei to ask the world to change his life!Chairman Selis: I am afraid when I build a car with Dongfeng | 2024-11-14 08:47:41
  • Guangyunda: The business of Naval Aerospace includes CNC processed aviation parts, additive manufacturing (3D printing) aviation parts, aviation catheter | 2024-11-14 08:49:17
  • Hangzhou Steel Structure (600477) on November 13, the main funds sold 27.603 million yuan | 2024-11-14 08:52:05
  • Jin Hong Gas received financing of 21 million yuan, and bought a total of 86 million yuan in the past three days | 2024-11-14 08:52:08
  • "Black Swan" officially landed!On November 14th, the three major news in the morning this morning came out! | 2024-11-14 08:57:03
  • The "nuclear explosion" level of the property market is good!The transaction tax has been adjusted heavy, and the real estate will welcome the golden age? | 2024-11-14 08:57:06
  • Compared with reducing stamp duty!On November 14, can the A -share market continue to "attack"? | 2024-11-14 08:57:10
  • Rest reduction, the deposit interest rate is reduced again!On November 14, the four major news today continued to ferment! | 2024-11-14 08:57:21
  • "Golden Lord" Paulson announced that he will not be the US Treasury Secretary | 2024-11-14 08:57:35
  • Trump, the latest decision!American inflation suddenly accelerates!The US dollar soared, this section is under pressure!Putin and Saudi Crown Prince Call | 2024-11-14 09:05:05
  • Faraday will appoint Ma Xiao to report to Jia Yueting directly to Jia Yueting for FX Global CEO | 2024-11-14 09:05:08
  • The maximum drop is 21.07%. | 2024-11-14 09:10:21
Latest
Happy Bao | Dream of Dream Medicine Bloom -Graduate Students from our hospital won the second prize of the Capital Medical University 2024 Speech Contest Personal evaluation of the 30 -year history of the best lineup of Ma Lai can barely enter the bench The domestic "three major airlines" C919 aircraft gathered in Chengdu!Practicing flying and going north Shangguang Parents do this to break the "only performance theory", and each child can bloom unique light She, sent a letterless letter to the moon Old cup bonus super lpl champion!Attract the old We Korean aid: I want to support the championship, I want to raise children In 2025, the statutory holidays have been added for 2 days. What is the true attitude of tourism practitioners? What does the PPT look like by Lin updated?After reading it, I was cried by ugliness Beiqing: After the National Football Team Barin will return to Xiamen for the afternoon of the 15th, the 15th day of the 15th National Football Team VS Balling 23 people List exposure: Xie Wen can suspend the race!Fourth goalkeeper+flying wing failure selection The best element of the Super League announced, Wei Shihao missed, 4 people in Shanghai, Luneng 2, Wu Xi was surprised Ding Yongxun fell in love with Zhao Xuehua at first sight and loved each other for 37 years. Now the 36 -year -old son makes him worry Ye Ke has not seen Huang Xiaoming in the checkup. Paparas have been exposed to 5 months of pregnancy. The 24 -year -old Fan Ye compared the 28 -year -old Shi Yunpeng. Aspen: Mbappe has been silent after joining Real Madrid for 4 months. Only 2 interviews have been accepted in 4 months Chen Meng withdrew!Instead, Sun Yingsha was forced to have both and gave birth to 2 questions. What did Ma Lin think? It is the lowest -key county in Shanxi, with world -class famous mountains, but few people know the county name! Ye Ke promised to return the net to cancel the account again as a demon again!Huang Xiaoming is lazy, Ye Ke is alone for pregnancy! Big!Blast Yang Zi accompanied by sleeping: evidence has been obtained, involved in many popular actresses, more synthetic streams out "The Lane Family" Zhuang rushed to drive away his parents and forced Pengfei to buy a house. Only then did you know that Zhuang Chaoying was very lucky Wang Xiaofei hit Big S: A wedding with Ma Xiaomei will be re -wedd, Ma Xiaomei threw out propositions Who is the most runner -up in the World Cup?The Dutch Three Entry Finals are defeated, Argentina is tied, and the other team is the most The Clippers regretted, Harden 19+6+7, after the game, Harden walked towards the Rockets bench, hugged Ethan to pay attention to Rockets 111-103 Clippers!Player scores are released: 4 people are full, 3 people pass, 2 people pull their hips! No accident, this will become the main framework of Amurin Manchester United! Choose a rational student in kindergarten?Can "Run Run" Education really win on the starting line? British PS5 Pro price or permanent drop: the largest retail sales leading price reduction The 19 -day box office broke through 3.3 billion and won the global championship. The strongest movie this year was born. Daolang: The Macau concert is well received, and I won the two former CCTV host of Zhao Pu Li Xiaomeng. 2024 Inner Entertainment is to be exploded, only one year, the gap is obvious Lei Jun is jealous. Xiaomi SU7 has 100,000 offline and 100,000 orders. Guangzhou house tickets can buy new houses in the city!Expert: It is necessary to make the demolished households realized that in the past It is said that the Chery FR Division was established, and the headquarters is located in Shanghai Win 20 points!Du Feng won the first victory, and the new aid 23 points hit a new high. The chef should describe the job from the teachers and students and parents, and the supplier will not run away. Thirty points defeated, the CBA Journey really walked over?The three major foreign aids in Zhejiang broke out, and genius teenagers burst and burst The transformation of Jinji Co., Ltd. suffered a decline of 922 million large orders to terminate the operating pressure of 8.82 million yuan in the first three quarters. 4 games 0 goals!The number of shooters is lost, Alda is deeply trapped in the mud, and the situation of winning the championship deteriorates Crown: 0 to 4!The fatigue is shown. In the first round, Trump took Ding Junhui lightly Korean dramas have evolved to the male lead, no male lead is required The performance benchmark covers the global stock market and gold, and the world is actively configured with FOF to open the closed period CITIC Securities A shares increased by 60% of Yuexiu Capital to reduce holdings by 1% or cash out 5 billion yuan Academician Qian Qihu: The domestic shield is going to the world. I hope that the younger generation of "Chinese tunnelers" will create further glory The whole Chinese class rushes for another year!BLG is highly likely to renew the contract, ELK renewal conditions are only one The husband takes the child to buy milk powder to bring it back to the PS5 Pro, his wife asked the Internet online, and the merchant sent God to assist The most surprising seven players?Downs first!Hilde, three goals on the list! Shenzhen Chuanyin Communications under Chuanyin was awarded the title of new "Little Giant" enterprise in the national specialized specialty The stock price of the market fell by 6.43%in the afternoon of US $ 13.37 in the US real estate investment Sure enough!6 major foreign aid blessings, old acquaintances return, Zhou Peng will lead the Shenzhen team to take off The Egyptian Museum opened the night exhibition tourists with close contact with Pharaoh

©2024 ttnews All rights reserved

Privacy Policy | Service Terms | contact us