[China Securities Journal] The market style may "change without transformation". Recently, the issue of market style conversion has attracted more and more market attention, with ample reasons for either optimism or skepticism. In fact, behind the proposition of the strength shift between large-cap and small-cap stocks, there is also a rough transition from "weak cycle" industries to "strong cycle" industries.
The yen may become the "carry trade" protagonist again. Since March 2009, the persistent decline in the market has made the dollar replace the yen as the main currency in carry trades. However, after nearly three quarters, the yen may rise again to become the main currency in carry trades.
Shang Fulin: Fully leverage the service function of the capital market to the economy. The CSRC will further improve the basic systems conducive to the stable operation of the market, consistently focus on market supervision, guide and standardize the healthy development of the capital market, and fully leverage the service function of the capital market to the economy.
[Shanghai Securities Journal] Financial regulators unveil new regulatory ideas. Shang Fulin, the Party Secretary and Chairman of the China Securities Regulatory Commission (CSRC), requires the securities and futures regulatory system to more consciously integrate capital market supervision into the overall situation of serving economic development and to make every effort to maintain the stable and healthy development of the capital market.
How to treat the ailment of coal-electricity prices? Currently, the hardest nut to crack in China's energy resource price reform is the power system reform. Since the breakup of the State Power Corporation in 2002 and entering the reform process, seven years have passed, but the reform remains stagnant.
Three new shares freeze 1.33 trillion yuan, with China Shipbuilding Industry taking up 70%. The announcement shows that China Shipbuilding Industry ultimately issued at the upper limit price of 7.38 yuan, freezing a total of 961.2 billion yuan in funds online and offline. After adopting the callback mechanism, the final online winning bid rate was 1.36%, and the final offline allocation ratio was 2.51%.
[Securities Times] Shang Fulin emphasizes fully leveraging the service function of the capital market to the economy. On the afternoon of December 7th, Shang Fulin, Party Secretary and Chairman of the CSRC, presided over an expanded party committee meeting to convey and study the spirit of the Central Economic Work Conference. He emphasized the need to fully leverage the service function of the capital market to the economy. Next year, new progress will be achieved in improving market mechanisms and systems and enhancing market regulation.
CICPA: Pay close attention to the audit risk of annual reports of GEM companies. To do well in the 2009 financial statement audit work of listed companies, the Chinese Institute of Certified Public Accountants issued a notice yesterday stating that the 2009 annual report audit work of listed companies should closely link with the current economic situation, pay attention to major accounting risk areas, and focus on the audit risks of GEM listed companies.
Next year's economic transformation tightly follows two main lines. The recently concluded Central Economic Work Conference emphasized that the transformation of the economic development model is urgent, and next year's economic work will increase the intensity of economic structure adjustment and strive to make significant progress in economic structure adjustment. Experts analyzed that this Central Economic Work Conference clearly pointed out two main lines: stimulating consumption and adjusting industrial structures, which means the real beginning of China's economic transformation.
[Securities Daily] Whether it affects stock prices or reorganization, the mysterious buyer of Lianhua Flavoring has not yet revealed their identity. Previously, industry insiders predicted that the auction results on the 7th might lead to a change in the controlling shareholder of Lianhua Flavoring, but now it has returned to a state of no interest, leaving much room for imagination about the mysterious buyer's "sincerity."
One big leading eight small ones, the issuance of new shares accelerates and adjusts the market rhythm. Analysts pointed out that issuing 9 new shares across 3 trading days is the most intensive week of new share issuance in the A-share market this year, except for the bundled issuance of GEM new shares. Due to recent discussions of a "local bubble" in the market, it cannot be ruled out that the regulatory authorities are using increased supply to cool down overheated speculation in small-cap stocks.
China Merchants Securities: It is difficult to change the upward trend during the consolidation. On Tuesday, the Shanghai and Shenzhen markets showed a strong consolidation pattern. The Shanghai Composite Index closed at 3296.66 points, down 35.24 points, a decrease of 1.06%; the Shenzhen Component Index closed at 13930.28 points, down 121.24 points, a decrease of 0.86%.
Related thematic articles: Tracking hotspots - studying the flow of main force funds - understanding the direction of main force operations - following the pace of main force operations. Insurance also showed a strong upward trend. The stabilization and rebound of weighted stocks prompted the two market indices to return to the upward channel.
Market commentary: A general market attack is imminent, the market's "memory" has been reactivated, index stocks and theme stocks diverge.