Category Archive : 桑拿

[Can pregnant women eat amaranth]_Amaranth_Pregnancy_Can you eat

[Can pregnant women eat amaranth]_Amaranth_Pregnancy_Can you eat

Women must pay special attention to their diet after pregnancy. Many things must be avoided. For example, you can eat amaranth casually. After pregnancy, you must learn to avoid amaranth, because eating amaranth during pregnancy may cause uterine contraction, which is bad for the fetus.

First, can pregnant women eat amaranth?

Pregnant women are not allowed to eat amaranth. The amaranth extract has the same effect as oxytocin to shrink the uterus, and the decoction of the stomach has the same effect.

If pregnant women eat amaranth, it can easily lead to blood loss during pregnancy or fetal movement, or even cause miscarriage.

Therefore, pregnant women should not eat amaranth in spring.

During pregnancy, expectant mothers must not eat a large amount of vegetables to maintain their bodies, reduce or fasten meat and fish, not only affect the body’s intake and absorption of essential fatty acids, high-quality protein, cause protein malnutrition, but also prevent the absorption of rich food from food.Nutrients such as calcium, iron and zinc.

Pregnant mothers should pay special attention to avoid iron deficiency anemia and calcium deficiency caused by excessive vegetarian diet.

Health Tips: Amaranth has the functions of cooling blood, hemostasis, diuresis, cold and fever, and women’s menstruation.

Therefore, the constitution is debilitating and cold, and it is not suitable for women with low menstrual volume or anemia.

Second, the efficacy and role of amaranth: 1, anti-inflammatory and antibacterial amaranth contained in the skin particles can enhance the vitamin C content in the body to prevent frostbite, anti-inflammatory and antibacterial effects.

2. Acetylcholine, sitosterol and quaternary amine compounds in amaranth lowering blood and lipids have the effect of treating hypertension, as well as lowering blood and liver cholesterol and triglyceride content.

3. Preventing a large amount of vitamin C in amaranth can prevent the generation of carcinogens in the digestive system, and can prevent gastric cancer and esophageal cancer.

4, there is a large amount of crude fiber in amaranth with diabetes, which can promote the body’s excretion function, enhance the body’s metabolism, help to lose weight, and prevent diabetes and other diseases.

Third, which vegetables should not be eaten by pregnant women?

1. Eggplant According to previous experience, pregnant women should not eat eggplant.

For example, in “The Truth about Materia Medica”: the sweet taste of eggplant is cold and cold, and it is smooth and beneficial, especially for pregnant women.

“Diet Notes” also believes that eating eggplant after the fall is damaging.

Women can hurt the infertility of the uterus.

Therefore, pregnant women should avoid eating as well, or with caution.

2. Portulaca is also known as Portulaca.

It is cold and slippery, so early pregnancy, especially those with a history of habitual abortion, should not eat it.

Such as “Materia Medica Justice” said that both blood and stasis can be broken.

Ming Li Shizhen also believed that purslane scattered blood and swelling, and smooth bowel.

Modern clinical practice suggests that purslane can contract uterine smooth muscle.

Therefore, pregnant women are not allowed to eat purslane, but it is an exception before giving birth, eat more purslane, but it is conducive to delivery.

3, Auricularia also known as the smooth belly Lai, Luokui, Western cabbage.

Sex is cold and slippery, there are disadvantages of slippery and cooling blood.

As cautioned in “Nanning Drugs”: pregnant women should not take it.

Especially in the early stages of pregnancy and pregnant women who have a habitual abortion (the so-called slippery tire of Chinese medicine), they should not eat it.

4, Ci Gu Ci Gu has the function of activating blood.

The “Suishuiju Dietary Spectrum” clearly states that: Cigu Gong specializes in breaking blood, drenching, slipping, and benefits.

Eat more blood, especially pregnant women.

There is also a warning in pregnant Japanese that the pregnant woman is inedible.

Especially in early pregnancy and those who have a history of habitual abortion, they should avoid eating.

Because of blood circulation and blood rupture, slippery products are not good for pregnancy.

[Honey Water Weight Loss Method]_Honey Water_Slimming_Slimming Method

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[Can celery be eaten raw?】 _Recommended diet

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[Can you eat rice noodles with high blood sugar?】 _High blood sugar_Can you eat

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[Eat a little or eat a little or aunt]_ look at calories _ or lipids

[Eat a little or eat a little or aunt]_ look at calories _ or lipids

When choosing foods, everyone hopes that their foods are healthy and nutritious.

Therefore, many people pay attention to the transformation and trace content of food before purchasing food. In fact, the concepts of transformation and trace content are completely different, and they also target different directions of the human body.

Trace refers to calories and occasionally a nutrient.

So, should we look at transition or aunt?

1 Change refers to the energy of various foods, which is a reflection of how much energy it can provide to the human body. Slightly is a nutrient, and its energy is expressed by transformation.

2 In general, adults have high heat production. The excess is that other substances are converted into adults and stored in the body. The more conversions do not necessarily cause weight gain, because the conversion of other substances into adults consumes a lot of energy and does not necessarily cause weight gain.Your metabolism needs to change rapidly. Generally, food needs a little ability to ensure our mental state, but a slight excess of the body’s basic metabolism needs is the reason for weight gain.

3 adopt scientific methods to lose weight, do aerobic exercise every day.

At the beginning, 15 minutes of fast running and aerobic exercise every day, then gradually increase each day, extend the time, and finally lock the exercise for about an hour every day. If you have the ability, the time can be longer, but pay attention to work and rest.

In terms of diet, strictly abide by and develop a “good morning, full lunch, late at night” diet, eat less sweets, eat slowly, chew slowly, so easy to digest, drink more water, eat more fruitsEat less vegetables.

It’s expensive to persist.

4 First of all, the volume of instantaneous depends on the size, especially the amplitude, because the transition will turn into a small accumulation.

It is recommended to eat less sweets, staple foods, drinks, milk tea or whatever.

Properly increase exercise.

5 Foods that are high in absorbed feces are relatively high.

Inadequate diet can easily affect weight loss.

The aunt content is not high.

If the total static electricity is too high, it will easily affect weight loss.

Diet is also very important.

Pay attention to the overall diet.

Plus pay attention to exercise.

Jiemei Technology (002859) company financial report comments: downstream destocking affects short-term performance and waits for demand to pick up in the second half of the year

Jiemei Technology (002859) company financial report comments: downstream destocking affects short-term performance and waits for demand to pick up in the second half of the year

[Key points of investment]The company achieved operating income in the first half of 20193.

8.2 billion, down 36 each year.

18%; net profit attributable to mother was 5,413.

670,000 yuan, a decrease of 48 per year.

64%.

Net cash flow from operating activities reached 2.

67 ppm, an increase of 1940 in ten years.

55%.

Downstream destocking led to a double decline in revenue and profits, and demand is expected to pick up in the second half of the year.

From the fourth quarter of 2018 to the end of June 19, the downstream industry has been in the inventory stage. Due to this, the company’s short-term performance has shifted.

Destocking pressure reduced. In the first three quarters of 2018, some downstream companies and distributors of electronic components continued to raise prices and stockpiles, which led to high stocks in downstream companies. The transition due to the transition from 4G to 5G led to a rapid decline in demand.

In the second half of the year, downstream and downstream customer inventories gradually returned to normal levels. The arrival of 5G brought about a rebound in demand, and the company’s crop utilization rate gradually improved.

The paper carrier tape product structure was further optimized, and the plastic carrier tape raw materials were switched smoothly.

Paper carrier business achieved revenue in the first half of the year2.

86 ‰, a decrease of 36 per year.

79%.

At the same time that revenue has grown significantly, the gross profit margin of this business has still reached zero.

27 outstanding improvements, thanks to the continuous optimization of its product structure.

In the first half of the year, the company’s share of cut paper tapes further decreased, and the percentage of shifts in punched paper tapes increased.

As for the plastic carrier tape, some customers have begun to switch from self-produced black PC particles, and some customers have realized batch use.

With the gradual release of plastic carrier tape production capacity, new customers are increasing, and the future development of the business’s profitability is gradually increasing.

Regarding the transfer of adhesive tape, it achieved revenue of 1567 in the first half of the year.

230,000 yuan, an annual increase of 209.

72%.

Despite the lack of short-term effects of MLCC destocking, sales of MLCC release films have increased, but the number of customers has steadily increased, and OCA release films for optical adhesives and release films for adhesive materials have also begun to sell.

Optimistic about the domestic substitution trend of transfer tapes, this business will contribute to the company’s long-term performance growth point.

The operating cash flow has improved significantly, and the repurchase of shares has shown the company’s confidence.

In this report, the net cash flow from operating activities of the first-tier companies reached 2.

67 ppm, an increase of 1940 in ten years.

55%, mainly due to the company’s customers with good credit, timely payment in accordance with the credit amount and appropriate control of procurement expenditures 佛山桑拿网 in the current period.

The company intends to repurchase shares for incentives, with a repurchase amount of 1 ppm-1.

5 trillion, the repurchase price does not exceed RMB 42 per share (inclusive).

The repurchase of shares further shows that the company is optimistic about the company’s development prospects.

[Investment suggestion]Considering that the company ‘s performance in the first half of the year was affected by industry destocking and exceeded its original expectations, the company ‘s profit forecast for 19/20/21 was lowered. As the destocking in the downstream industry has ended, the industry ‘s prosperity has ushered in transformation, so the company ‘s performance in the second half of the yearThere will be resistance to pick up.

Based on the above factors, the operating income for 19/20/21 is reduced to 11.

92/16.

03/21.

3.2 billion, down 19/20/21 net profit attributable to mother to 2.37/3.

16/3.

97 ppm, corresponding to 0 EPS.

92/1.

22/1.

54, PE 35/26/21 times.

Maintain the “overweight” rating.

[Risk warning]The company’s new business development is less than expected; the industry’s economic reversal is less than expected.

Yangnong Chemical (600486): Outperformed Youjia Project and Integrated Layout to Help Mid- and Long-Term Development

Yangnong Chemical (600486): Outperformed Youjia Project and Integrated Layout to Help Mid- and Long-Term Development

Jan. 3, 2019’s performance exceeded our expectations. Jan Agrochemicals announced Jan. 3, 2019’s results: operating income of 70.

US $ 6.2 billion, a 10-year increase in revenue after an earlier adjustment1.

09%; net profit attributable to mother 10.

700 million US dollars, the earlier adjusted net profit attributable to mothers increased by 14 per year.

7%, corresponding to a profit of 3.

45 yuan, more than we expected, initially the consolidated earnings exceeded our expectations, the net income from the company merger on January 3, 19

3.3 billion yuan.

19?

In 1Q3, the company deducted non-net profit from the mother.

94 trillion, an increase of one year.

3%.

In the third quarter of 19, the company’s revenue was 1.8 billion U.S. dollars, which decreased by 8 every year.

2%, the decline in revenue was mainly due to the sales of dicamba over the same period last year; net profit attributable to mothers2.

1.9 billion, an annual increase of 0.

5%, the merger of the 3Q19 target companies generated a net income of 14.65 million yuan.

  Development trend 1?

The price of 3Q19 insecticides increased, and the average price of 3Q19 insecticides was stable from the previous month.

19?1Q3 company’s pesticide revenue 24.

USD 5.7 billion, an annual increase of 22%, of which sales increased by 11% to 10,880 tons, and prices rose more than 10% to 22.

580,000 yuan / ton.

3Q19 company average pesticide price 21.

3 million / ton, an annual growth rate of 4%, which remained stable from the previous month; 3Q19 insecticide sales increased by 18% to 3,206 tons, driving insecticide revenue growth by 23% to 6.

4.5 billion.

Currently the market price of kefir and bifenthrin is 29/32.

5 million tons / ton, through the expected gradual resumption and expansion of production, we expect that the price of pyrethroid will face some pressure, but the company’s integrated pyrethrin integrated industrial chain will still maintain a high level of profitability.

  1?3Q19 dicamba sales were sluggish, and its demand outlook is still optimistic.

19?In 1Q3, the sales volume of herbicides was 28,750 tons, a year-on-year decrease of 34%, and the average sales price was 2.

94 million tons per ton, a decrease of 30% each year, mainly due to the volume change of wheat straw shrinkage. We estimate that the volume of wheat straw shrinkage is mainly related to Sino-US trade frictions, heavy rains in the US planting season, and delays in the promotion of Brazilian genetically modified crops.

We expect that through the reduction of dicamba application defects and dicamba-resistant transgenic soybeans are expected to be promoted in Brazil and other regions in 2021, the demand for dicamba is good.

  The acquisition of Sinochem Crops and the agricultural research company laid out an integrated industrial chain, and the Youjia project helped the medium and long-term development.

The company has completed the acquisition of Sinochem Crops and Agricultural Research Corporation’s equity. We expect that asset integration will help promote the company to form an integrated industrial chain of research, production and sales.

The company’s third and fourth-phase projects will continue to expand the company’s core varieties of pyrethroid and other production 四川耍耍网 capacity. We expect to start contributing to the performance by 2020, which will help the company’s medium and long-term development.

  Earnings forecasts and estimates Due to the consolidation of the acquisition targets, the 19/20 revenue forecast is raised by 54% / 52% to 86.

8/99.

800 million US dollars, raised the parental net profit forecast by 10% / 11% to 11.
9 / 1.4 billion.

At present the company conforms to the corresponding 19/20 12.

8/10.

9xP / E.

Maintain target price of 75 yuan, corresponding to 53% increase and 20 / 17XP / E in 19/20, maintain outperform industry rating.
  The price of risk pyrethroid rose sharply, and the Youjia project progress exceeded expectations.

UFIDA Network (600588): Cloud performance continues to meet expectations

UFIDA Network (600588): Cloud performance continues to meet expectations

In 2019, due to macroeconomic pressure and financial business drag, the company’s overall performance continued to grow steadily. We believe that cloud services are still the strongest driving force.

UFIDA continues to increase cloud spending, and digital transformation with a large customer base maximizes or is even more resilient and continues to be highly recommended.

Event: The company announced the 2019 annual performance forecast, and it is expected that the net profit attributable to the mother will be 10.

41-12.

$ 8.5 billion, an annual increase of 70-110%; non-net profit deduction6.

12-7.

USD 1.8 billion, an annual increase of 15-35%.

The main categories of non-recurring gains and losses deal with some long-term equity investments and the appreciation of fair value of financial assets.

Performance was in line with expectations, and enterprise cloud services continued to invest.

According to the performance forecast, the company is expected to deduct non-net profit for the fourth quarter of 20194.

38-5.

4.4 billion US dollars, an annual increase of 8-34%, eliminating the market concerns about the company’s performance growth after the third quarter report.

Under the internal and external environment dragged down by macroeconomic pressures and financial business, UFIDA still achieved steady growth, reflecting the trend of increasing enthusiasm of large and medium-sized enterprises for informatization.

In particular, the rapid development of cloud computing infrastructure, enterprise-level SaaS applications will penetrate the development at a new speed, break through the traditional enterprise application software layout, and more data interactions in the future will promote the creation of rich value application requirements.

UFIDA continues to vigorously promote enterprise-level cloud services, and 杭州桑拿网 combines digital intelligence, localization, and transformation of market opportunities. Domestically-owned enterprise-level digital application leaders will continue to build up.

It is expected that the cloud will continue to drive structural optimization, and there is no need to worry about public and private deployments in the short term.

The company’s non-financial cloud service revenue has maintained a rapid growth of 125% in the first three quarters. We expect that long-term cloud services will continue to be the main driver of growth, and the company will increase its increased expenditure.

UFIDA’s revenue structure shows a trend of continuous optimization, better customer stickiness of cloud products and the increase in ARPU value. The increase in the proportion of cloud services will strengthen the company’s overall revenue sustainability.

Private / hybrid deployment is currently the norm for IT needs of large and medium-sized enterprises, but cloud-native technology has solved the problems of application implantability and customized development costs. The quality of the company’s cloud business will continue to improve with the changes in corporate customer concepts.

“Highly Recommended-A” investment rating.

The company is expected to have a net profit of 12 in 20-21.

54/15.

USD 4.7 billion, a scarce comprehensive cloud service overlord, has accumulated significant ecological development advantages, and has directly benefited from the informatization upgrade of enterprises. It maintains a “highly recommended-A” rating.

Risk Warning: The progress of cloud service business is not up to expectations; the risk of brain drain.

Hualu Hengsheng (600426): Q3 results are in line with expectations that rising raw material costs affect profit and new projects enter construction

Hualu Hengsheng (600426): Q3 results are in line with expectations that rising raw material costs affect profit and new projects enter construction

Investment Highlights: Company Announcement: The company released the third quarter report of 2019, and the company achieved operating income of 106 in the first three quarters.

110,000 yuan (YoY-2.

19%), and achieved net profit attributable to mother 19.

120,000 yuan (-24% year-on-year.

55%), of which Q3 achieved operating income of 35.

3.5 billion (YoY -8.

22%, quarterly +0.

05%), to achieve net profit attributable to mother 6.

30,000 yuan (-29% year-on-year.

38% in the ninth quarter.

47%), and performance was in line with expectations.

The overall cost of Q3 increased, and the performance increased from the previous quarter.

The company’重庆耍耍网 s Q3 fertilizer, adipic acid and intermediate products production and sales were stable, and the sales of organic amines and polyols increased by 1 respectively.

54 samples, 1.

67 positive electrode, acetic acid sales increased by 1 compared with the previous second quarter.

04 initial.

The overall prosperity of the chemical industry is still at a low level. In 19Q3, the company’s main products were fertilizers, organic amines, adipic acid and intermediates, acetic acid, and polyols. The average prices were 1440, 4914, 7407, 2812, and 4524 yuan / ton, respectively, which was a Q2 change-7.

0%, -1.

1%, +1.

2%, +14.

4%, +0.

8%.

Among them, the price has increased due to the domestic Yima gasification safety accident and the intensive maintenance and repair of some enterprises within 8-9 months, and the price has gradually increased after 7 months in China.

The prices of other main products did not fluctuate much.

According to our price tracking, the main raw material coal is basically stable, and the prices of pure benzene and propylene have increased by 21 from the previous month.

6%, 8.

9%, causing current operating costs to rise.

19Q3 company sales gross margin was 27.

31%, down 2 from Q2.

86 averages, down 5 from the same period last year.

22 units.

Total sales, management, R & D and financial expenses of Q3 company.

5.3 billion yuan, up from 2.
.

62 trillion decreased slightly, and the impact of fee fluctuations on the company’s performance was small.

Started the project of new amide and nylon materials and purified adipic acid, and set a new round of development goals.

Based on the existing coal gasification platform, taking the discovery of high value-added applications of synthesis gas as the starting point, and combining the company’s existing raw materials, steam, electricity and other advantages, the company next invested in the construction of caprolactam and nylon new materials and refined adipic acid projectsBuild an integrated new material industry base.

Amide and nylon new material projects are planned to invest 49.
8 trillion, forming 30 inches of caprolactam, 20 inches of formic acid, 20 blades of nylon 6 slices, 48 tons of sulfur, etc. It is estimated that the annual average operating income will reach 56 after reaching the production capacity.
13 ppm, total profit 4.

4.6 billion yuan; 16.

66 Initial refined adipic acid project plans to invest 15.

72 trillion, is expected to achieve an average annual revenue of 19 after reaching production.

86 ppm, total profit2.

9.6 billion.

The construction of the above-mentioned project has begun in the report. The company’s CAPEX was 4 in the third quarter.

49 trillion, the total capital expenditure in the first three quarters was 7.
.

4.2 billion US dollars, the bidding for long-term manufacturing equipment has been expanded, and the future development of water, electricity, steam and other public projects also has solutions.

Earnings forecast and investment grade: Maintain the company’s profit forecast for 2019-2021, and predict that the net profit attributable to the mother in 19-21 will be 25.

53, 28.

69, 32.

73 ppm, corresponding to PE of 10X, 9X, 8X, maintaining the “overweight” 苏州夜网论坛level.

The market is picking up and the A-share price-performance advantage is prominent

The market is picking up and the A-share price-performance advantage is prominent

China Securities Net Zhou Lulu Hu Yu Zhang Lijing On February 4, A-shares rebounded heavily, the Shenzhen Stock Exchange Index rose more than 3%, and the GEM rose nearly 5%.

Household appliances, medicine, electronics, media and other sectors have joined forces to attack, and northbound funds have continued to experience a substantial net inflow.

  A number of brokerage analysts and domestic financial experts said in an interview with the China Securities Journal that the rise in A-shares on the 4th indicates that investor confidence is quickly repaired.

Looking ahead, the fundamentals of A-shares are stable, and the cost advantage of allocation is prominent. The short-term impact of the epidemic on the market has not hindered the long-term trend of A-shares.

  The rebound in the market shows confidence. After the previous day’s adjustment, the A-shares rebounded significantly on the 4th. Whether it is exponential growth or heavy trading volume, investors’ confidence in the stock market has not seriously repaired.

At the close, the Shanghai Composite Index increased by 1.

34%, SZSE Component Index rose 3.

17%, GEM Index rose 4.

84%, the turnover of the two cities exceeded 900 billion yuan.

From the perspective of the industry, 22 of the 28 industries in Shenwan ‘s first-tier industry have grown, and the overall market is picking up.

  ”The market adjustment on the 3rd can be judged that the initial sentiment brought by the epidemic has been released; the rebound of A shares on the 4th shows that investor confidence is rapidly recovering.

“Yongzu Zu, a researcher and deputy director of the Chongyang Institute of Finance of Renmin University of China, said in an interview with the China Securities Journal reporter.

  In the opinion of Chief Economist Jianfang of CITIC Securities, the rapid release of short-term sentiment caused market adjustments, but the epidemic shock only changed the market rhythm and did not change the upward trend and main line of A shares in the medium term.

“Considering that the overall average maintenance guarantee ratio of Liangrong’s business is relatively healthy, the equity pledge risk is also controllable as a whole, and the risk of negative feedback of forced market selling is relatively small, and the market may build a future market bottom.

“Zeng Gang, the deputy director of the National Finance and Development Laboratory, told the China Securities Journal that the current external stock market has basically stabilized, which means that the 南京夜网 impact of the epidemic is more of a temporary psychological shock.

In the medium and long term, there is no need to be overly pessimistic about the market.

  ”The rebound in dividends shows that the market has absorbed the impact of the epidemic to a certain extent, and emotional hype and herd-style trading are no longer the mainstream of the market, which reflects the maturity of the securities market.

“Said Tian Lihui, dean of the Institute of Finance of Nankai University.

  Northbound funds were sufficient to increase positions. In the past two trading days, the market direction of Northbound funds has shown a clear net inflow.

On February 3 and 4, the net inflow of northbound funds was 181.

8.9 billion, 49.

2 billion yuan, two days total net inflow of 231.

09 billion.

This, the guidance of several experts 上海夜网论坛 interviewed by China Securities Journal reporters, gradually reflected the confidence of overseas investors in China’s epidemic prevention and control work, that the Chinese economy has the ability to overcome difficulties; it can indicate that it is optimistic about the medium and long-term growth trend of the Chinese economyAnd the investment value of the Chinese market, the cost of stocks is even more prominent.

  Wu Yongzu told the China Securities Journal reporter that a sufficient net inflow of northbound funds actually indicates that Chinese stocks have more investment potential than other stock markets, which complements the long-term development trend of the Chinese economy and the huge market space.

  ”The current Northbound funding movement represents overseas investors’ judgment on the entire situation after making a full assessment.

If there is a large inflow of northbound funds, it means that overseas investors generally believe that the epidemic is controllable, and its impact on China’s economy is relatively limited.

“Shao Yu, chief economist at Orient Securities, said.

  The apparent net inflow of northbound funds will also help stabilize market sentiment.

Zhang Liangyong, general manager of China Merchants Securities Research and Development Center, said that investors in overseas capital markets are more mature and have a more comprehensive understanding of the “black swan” incident.

For the A-share market, investors can follow the layout of overseas investors, and the transfer of overseas funds means that the value of investment in A-shares is prominent, and the incremental funds brought by it can help mitigate market risks.

  ”Investing in investors from the north will have a reminding effect on domestic investors and reduce it. We must cherish the stocks in our hands and not easily lose ticket codes and miss opportunities. Instead, investors must adhere to the concept of value investment and look at the market in the medium to long termTrend.

Wu Yongzu said.

  The value of allocation highlights “In the medium and long term, after the epidemic shock, the foundation of the stock market is still growing.

Zhang Liangyong analyzed that the long-term positive trend of China’s economy has not changed, and the profits of several companies will continue to increase in the future.

In addition, the current process of a new round of technology cycles has just begun, and the 5G technology cycle will bring an explosion in demand for the entire technology industry.

From the perspective of liquidity, the current domestic liquidity is relatively abundant, and the macro liquidity is gradually increasing. Social security, insurance funds, and residential funds are also expected to accelerate into the city.

From a policy perspective, the state’s policy environment to encourage direct financing has not changed.Finally, from the perspective of the comparison of large-scale assets, the expected return rate of the current large-scale asset allocation of residents has dropped significantly, and the attractiveness of assets such as real estate and bank financing has greatly decreased.

As current interest rates allow, bonds are relatively attractive.

In contrast, the current stock market is estimated to be at a historically low level, with high implicit yields and high cost-performance ratios.

  The low level of estimation is an important reason for the inflow of funds into the A-share market.

“At present, the overall assessment level of A shares is not high, and it has become the most worthy dam in the market.

Zhang Anyuan, chief economist of CITIC Construction Investment Securities, said that the entry of new funds in insurance, social security and bank wealth management subsidiaries is a key force to change the relationship between market supply and demand.

  ”Dividing the global market, the A-share market is currently estimated to be at a relatively low level and is still a value depression. This is also an important reason for the continued inflow of northbound funds since 2019 and the global market is optimistic about A-shares.

“Yin Jianfeng, chief economist of Zheshang Bank, predicts that from the perspective of the adjustment of the country’s economic structure and financial structure, there has been no change in the long-term positive situation of A shares. After the second quarter, A shares will have a relatively obvious recovery process.

  The steady advancement of the deepening reform of the capital market is an important condition for the A-share market to get out of the bull market.

In Yong Yongzu’s view, the capital market is the core of the current financial reform. Building a strong capital market has become the focus of the next development, and more benefits will continue to emerge.

At the same time, the opening of the financial market is increasing, more financial services institutions are entering the market, bonds, stocks and other markets will continue to be active, and high-quality companies will continue to be tapped, which will also directly benefit the upstream real economy.

From a global perspective, the urgency of overseas capital to find safe investment targets is constantly increasing, and the A-share market is precisely the global depression of investment value.

  Under the general expectation that A shares will improve in the medium and long term, Wang Bo, director of the Central Plains Securities Research Institute, believes that A shares are ushering in a “gold position.”

Investors can pay attention to the sectors related to economic restructuring, such as non-bank finance, securities firms, consumption, culture, and entertainment.