Experts Predict: Bull Market Will Be Optimistic About The Consumption Sector In The Near Future.

< p > October 31st, < a href= "http://sjfzxm.com/news/index_s.asp" > Beijing international financial exposition < /a > opens at Beijing exhibition hall.

The investment strategy of China's securities market will be held in the exhibition hall of the exhibition hall in November 2nd.

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< p > in this strategy meeting, chief strategist a href= "http://sjfzxm.com/pioneer/" > analyst < /a > Mao Changqing, speaking of investment opportunities in China's capital market, said that in the medium to long term, it is optimistic about China's capital market. In the next 3 to 5 years, China's capital market may usher in a bull market in China's economic and financial pformation period. Optimism is likely to be in the second half of next year. If it is conservative, in the first half of 2015, this is a better time point. Policy expectations are clear and liquidity is beginning to improve.

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< p > Mao Changqing pointed out that before the third plenary session to the next wave of bull market, the market may be a period of adjustment. I personally tend to be a period of adjustment. How long can this adjustment period last? I can not be sure yet. It is more obvious that the adjustment period may be more obvious at the end of this year and the first half of next year. Of course, I do not think this is a very deep adjustment. I think it is a structural adjustment, mainly based on structural adjustment.

In this adjustment process, there will still be some structural investment opportunities in the market. I think this structural investment opportunity is mainly reflected in two main lines.

One is the investment of the people's government. Of course, not all the content invested by the people's government can be invested in the two level market. What we want to see is the structural adjustment of the government investment. The most prominent part of the marginal improvement may be that the industry and the sector will rise upstream.

For example, environmental protection, the intensity of this government investment will definitely be bigger than that of this year next year. In fact, in 2013 this year, we will see the growth rate of investment in this year's government. The biggest increase in investment growth rate of fiscal expenditure is actually environmental protection. I will still be the main force of government investment next year.

Environmental protection, high-end equipment, electronic information, these areas may still be relatively large investment in government.

This is a main line.

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< p > Mao Changqing said, another main thread is the consumption of the masses. At this time, I am optimistic about the big a href= "http://sjfzxm.com/news/index_cj.as" > consumption plate < /a >, including agriculture, medicine, food and beverage, commercial food and beverage tourism, large consumption of these boards, I am optimistic in this adjustment period.

There are three main aspects, one is that inflation is benefiting from a rising channel.

Second, the whole consumption data is also improving step by step.

Third, after the real reform plan of the Third Plenary Session of the third plenary session, we can see that the whole market of the third plenary session will be hyped up by some rational reforms. But after the Third Plenary Session of the third plenary session, the whole market will benefit. We can see that the relaxation of market control is the release of China's domestic demand. It may be the biggest attraction. The most beneficial thing is the big consumption sector. The start of a more definite market is starting from mid November. After the third plenary session, the big consumer sector is a starting point for the short term, and the duration may last about half a year.

This is a basic outlook for the market after the third plenary session. That is to say, in fact, it is divided into two parts. I think the whole market will probably enter a period of adjustment after the third plenary session. The adjustment period may last for about half a year.

This is the first time.

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< p > Mao Changqing stressed that in the second half of next year and even the first half of next year and the first half of the next second years, I think China's capital market will usher in a bull market in the pition period of China's economy.

This is the change of the whole market direction and style after the third plenary session. Generally speaking, there will be relatively large changes in the market before and after the third plenary session, whether in terms of direction or style. This will remind you of the great changes that will take place. The basic reason for maintaining a relatively stable market and even relatively strong this year is the expectation of reform. After the completion of the third plenary session, this factor may fade out gradually, more importantly, return to the fundamentals of the economy, return to inflation, and change in the price level. In general, there will be some moderately tight conditions in the next year.

The market before the third plenary session is very simple, because there are only ten trading days. There is not much risk in the ten trading days. The anticipation of the reform is still heating up. This market plays a supporting role. The short-term market risk is not large, but the risk in the medium-term market still exists.

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