Pi Haizhou: 710 Billion 500 Million Yuan To Witness The Speculation In The A Share Market

November 28th is the last trading day in November, and the A share market's share in the banking and real estate market rose sharply.

Not only did the Shanghai composite index rise 52.34 points, or 1.99%, but the volume of two cities in Shanghai and Shenzhen on the same day created 710 billion 500 million yuan.

This has not only set the record of the single day turnover in the A share market, but also surpassed the peak volume in the history of US stock market (in July 26, 2007, 99 billion 500 million US dollars, or about 610 billion yuan), becoming the largest daily volume in a single country in world history.

The A share market has become more and more arrogant.

It's really shocking that the 710 billion 500 million yuan is trading on a single day.

Moreover, according to the analysis of the industry, the volume of the 710 billion 500 million yuan is far from the "ceiling" of the A share market's single day trading volume, and the A share market is likely to create a record of higher single day trading volume.

It is not ruled out that the analysis of the industry will become a reality.

In fact, the paction record of the 710 billion 500 million yuan has already witnessed the abundance of funds in the A share market.

The data of "two fusion" can also prove this point. The exchange statistics show that as of November 26th, the balance of financing in the Shanghai and Shenzhen two cities reached 806 billion 178 million yuan, and the current market situation was therefore called "bull market on the lever" by public opinion.

However, the 710 billion 500 million yuan daily trading record, while witnessing abundant funds in the A share market, has also exposed many problems in China's economy and China's stock market. It is necessary for the management and market participants to attach great importance to it.

The difficulty of financing and financing high and small enterprises has always been an important problem that puzzles China's economic development.

For this year alone, Premier Li Keqiang has made ten proposals to ease the financing difficulties and financing of small and medium enterprises.

For example, at the executive meeting of the State Council in November 19th this year, ten initiatives were put forward again (referred to as "ten countries").

At the same time, in line with the State Council's resolution of financing difficulties and financing problems of small and medium enterprises, the central bank has implemented asymmetric interest rate reduction since November 22nd.

But judging from the trading volume of 710 billion 500 million yuan per day, the stock market is full of exposure to stock market funds, but it also confirms that social funds prefer to circulate in financial institutions.

In particular, the record of the paction volume of 710 billion 500 million yuan was born under the background that the central bank has just cut interest rates. This also shows that the interest rate cuts once again stimulate the flow of social capital to the stock market, rather than the movement to the entity. In this way, people can not doubt the effect of the interest rate cut by the central bank. How can the "ten countries" be implemented?

Not only that, but for the stock market itself, the turnover of 710 billion 500 million yuan is also mixed.

After all, the abundance of funds is decisive for the development of the market.

After all, the development of the stock market and the development of the stock index are inseparable from the support of the capital side.

But the turnover of 710 billion 500 million yuan also exposed the extreme speculative side of China's stock market.

Of course, when the market is hot, it is normal to enlarge the amount of the stock market paction.

But the problem is that the volume in the A share market has been enlarged too quickly.

The US stock market is the largest stock market in the world. Since the US stock market bottomed up in March 2009, it has gone 5 and a half years, but the data show that the average daily turnover of US stocks is only about 25 billion US dollars, that is, the paction level of less than 160 billion yuan.

Therefore, compared with the US stock market, the speculative nature of the A share market is obvious.

In fact, the trading on November 28th also proved the speculative nature of the A share market.

In the day's market, bank shares performed well.

Banking sector skyrocketed 8.4% overall.

In the 16 banks of Shanghai and Shenzhen two, there were 6 trading restrictions, of which the lowest industrial and Commercial Bank rose 5.48%, and 16 bank shares reached 77 billion yuan.

It should be said that in the current A share market, the investment value of bank shares is more obvious.

Even so, bank stocks need not prove their investment value in such a way of skyrocketing.

Is it true that the investment value of bank stocks was discovered on this day in November 28th, and investors are rushing to kill them on this day?

It is only for the sake of betting that the central bank may issue a reduction message on that day, because the market on that day has been circulating the news of the central bank's falling down that day.

For such a rumor, investors can slaughter the bank shares and the market speculation can be seen. This is not the least bit worse than the 24 successive market orders of Lanshi reload (603169).

Moreover, the birth of the 710 billion 500 million yuan daily trading record also shows the heavy cost of the A share market for the rising market.

Because the current Shanghai composite index is less than 3000 points, that is, less than half of the A share market's historical high of 6124 points, in order to increase the Shanghai Composite Index's 52.34 points on that day.

It is necessary to use 710 billion 500 million yuan of funds to promote, that is, to push up a point, which needs 13 billion 600 million yuan of capital. Such a rise is undoubtedly too big for the consumption of funds.

According to the consumption of such funds, if China's stock market wants to go back to the high level of 6124, the demand for stock market funds will be enormous.

Moreover, on the day of the November 28th rally, stocks fell much more than stocks with rising share prices, of which the Shanghai Stock Exchange rose to a 402:574 ratio, and the Shenzhen stock exchange ratio was 774:954.

The rise of the market is so expensive. The expansion of the A share market is certainly one of the reasons. But frequent trading of investors is also one of the important reasons, and this includes even large and small opportunities to cash in and also consume a lot of money in the stock market.

At the same time, the birth of 710 billion 500 million yuan daily trading record also shows.

A huge potential investment risk.

That is, the risk of financing.

The current financing capital exceeds 800 billion yuan, which has become an important factor in the development of the market.

But the problem is, once the market turns, the 800 billion yuan of financing funds will become an important force to kill more.

Therefore, in spite of the increase of investors' income in financing in the rising market, once the fall, financing will lead to an increase in investors' losses. Investors should also have a clear understanding of the "double-edged sword" property and potential investment risks of stock market financing.