China's economic fundamentals are very resilient, and the steady and healthy development of the market has a solid foundation

2022-03-10

Recently, the global financial market is facing great pressure, and the A-share market is also affected to a certain extent. In this regard, the interviewed experts believe that the short-term disturbance of the A-share market mainly comes from external factors. The strong resilience and fundamental advantages of China's economy provide a solid foundation for the steady and healthy development of the market. "We have full confidence in China's economy." A number of listed companies told the Shanghai Securities News that they would be ready to take a variety of ways to stabilize market expectations for the company and boost investor confidence. Short term disturbance is caused by external factors On March 9, the three major indexes of the A-share market fluctuated sharply. Affected by multiple factors, the A-share index has fallen by more than 5% since March. Xun Yugen, chief economist of Haitong Securities, said that on the whole, the Asia Pacific stock market and European stock market have experienced relatively deep declines recently, and the decline of a shares is mainly dragged down by external factors. Since this year, the external factors have been negative, but the internal factors are positive. In particular, the 5.5% GDP growth target set this year is a strong support for the market. Sui Li, Secretary of the board of directors of GAC group, told reporters that this round of market fluctuations is short-term, mainly due to the impact of external factors, and can not truly reflect the fundamentals of China's economy. After this round of decline, the valuation advantages of more high-quality listed companies in the market will be more significant. It is expected that domestic steady growth policies will be intensively implemented in 2022, and all parties will actively launch policies conducive to economic stability to better support the improvement of corporate profits. According to pan Yongle, CEO Assistant and general manager of capital market department of Mingyang intelligent, the current market fluctuation has deviated from the fundamentals of the development of listed companies. "The safety margin of the company's current valuation level is relatively prominent, and it is not ruled out that a variety of ways will be adopted to further enhance investor confidence in the future." Chint Electric has taken action. On the evening of March 8, Chint announced that, based on its confidence in the future development of the company and its recognition of the value of the company, in order to boost investor confidence, the company plans to repurchase the company's shares in the form of centralized bidding transaction within the next three trading days (March 9 to March 11), with a total repurchase amount of no less than 50 million yuan and no more than 100 million yuan. The fundamentals are stable and the anti risk foundation is consolidated Although the international situation has become increasingly complex, respondents are generally optimistic about the prospects for the sustained improvement of China's economy. "China's economic development faces the triple pressure of shrinking demand, supply shock and weakening expectation, but China's economic toughness is strong and the fundamentals of long-term improvement will not change." Yan Dapeng, deputy to the National People's Congress and vice chairman of Ruike laser, is full of confidence in China's economy. China's second largest economy covid-19, China faces challenges such as complex international environment and new crown pneumonia epidemic, but Lu Qingguo's chairman of the National People's Congress and Chenguang biological chairman said that the trend of long-term economic development has not changed. The relevant person in charge of Great Wall Motors said that the current sharp fluctuation of share price is caused by many factors. I believe that the market will eventually return to a stable and healthy situation. At present, the demand of automobile terminal market is stable. After the tight supply of parts is alleviated, it will promote the rapid increase of production and sales. At present, the global economy still faces many variables. Wang Hanfeng, chief strategist of CICC, said that China is an important manufacturing country in the world and has the world's largest and relatively complete industrial chain. As long as China continues to pursue scientific and technological innovation and industrial upgrading, it will be relatively more resilient. Listed companies are optimistic about the prospects of the industry In the face of market shock, Jingke energy, which has been listed for less than two months, is full of confidence. "As a newly listed technology innovation board company, we have great confidence in the development of economy and industry." Jiang Rui, the Board Secretary of Jingke energy, told reporters that the company has become a candidate for centralized procurement of 15gw components of China Huadian Group Co., Ltd., and the total contract amount is expected to be no less than 2.8 billion yuan. The winning component type is tiger Neo new products of the company's n-type TOPCON technology, which will have a positive impact on the subsequent market development and the company's future business performance. Pan Yongle revealed to reporters that the shipment volume of Mingyang intelligent from January to February this year continued to maintain a high growth compared with the same period last year, and the development of various businesses continued to be healthy and upward. At present, the prosperity of the wind power industry is in a gradual upward period, and land wind power and offshore wind power have successively realized non subsidy and parity access to the Internet. From January to February 2022, the scale of new bidding in the domestic wind power industry has exceeded 10GW, and it still maintains a high prosperity. "According to the prediction of industry perspective, the overall market scale of industrial lasers in China is expected to reach 24.192 billion yuan by 2023." Yan Dapeng is optimistic about the development prospect of the company's laser equipment industry. Lu Qingguo said that the natural plant extraction industry is a sunrise industry rising under the background of healthy consumption. As the industry leader, the company will adhere to the guidance of scientific and technological innovation, strengthen the voice of core technology, take the road of high-quality development, improve market competitiveness and lead China's plant extraction industry to the world in the future. Capital market reform boosts high-quality development In the prospect of China's economic trend in the future, listed companies have focused on the medium and long-term dividends of capital market reform. "At present, the scale of China's stock and bond markets ranks second in the world, the trading volume of commodity futures ranks first in the world for many consecutive years, and the international influence is increasing day by day, which has contributed a positive force to accelerating the construction of a modern financial system and serving the high-quality development of economy and society." Liu Qingfeng, deputy to the National People's Congress and chairman of iFLYTEK, said. Lu Qingguo believes that China's multi-level capital market system has been preliminarily established, and various sectors play different roles, providing different platforms for domestic enterprises of different sizes and types, and the standardization, openness and inclusiveness have been greatly improved. The continuous improvement of the legal system of enterprise issuance and listing, refinancing, M & A and investor protection has effectively maintained the development order of the capital market and promoted the high-quality development of listed companies. In Yan Dapeng's view, China's capital market has experienced a process from quantitative change to qualitative change, and its financing capacity has been continuously improved, which has effectively supported and helped the development of the real economy. At present, the A-share market structure is being comprehensively improved, the market scale continues to expand, various systems are gradually improved, and the quality of listed companies is improved as a whole, which is in a good period of development. "In the context of the reform of the registration system, the company will actively explore the use of the multi-level financing function of the capital market to promote the company's strategic emerging business to enter the fast lane of quality improvement and development with the help of the capital market." Huang Li, member of the CPPCC National Committee and chairman of Gaode infrared, said that during the 14th Five Year Plan period, Gaode infrared will continue to focus on its main business, adhere to innovation driven, transform forward-looking high-tech technology into actual productivity, and actively use capital market tools such as refinancing, mergers and acquisitions to help the company achieve leapfrog development. (Xinhua News Agency)

Edit:He Chuanning    Responsible editor:Su Suiyue

Source:Shanghai Securities News

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