It Is Not Reliable For An Enterprise To Buy Stocks.

Important shareholders and executives increase or decrease to decide the turning point of the market, and the "speculation stock" of the enterprise department determines the market height.

(1) for a relatively closed capital market such as A shares, in the three sector analysis framework, the dominant force of the participants in the stock market can be divided into three parts: government departments, enterprise departments and household sectors.

The investment behavior of enterprise departments in the A share market can be divided into two stages or two types.

(2) the first stage: the important shareholders and executives of the enterprise sector rely on a significant higher risk preference, as well as the understanding of the business situation and the value of the stock.

In the case of overfall, it took the lead in taking the initiative to increase its holdings and "ignition" A share market.

Therefore, the data of industrial capital increase and decrease become the leading indicator of the reversal of trading power in the A share market.

But since last June,

For the regulatory policy of reduction, the leading role of data in industrial capital increase or decrease may be faced with a temporary failure.

In the future, this index will also restore its role in the gradual return to market orientation.

(3) the second stage: the behavior of buying and selling shares of other companies in the business sector can be defined as "frying stocks". At this stage, the intensity of "speculation" in the business sector directly determines the height of the rebound after the reversal of the strength contrast between the buyers and sellers in the market.

(4) theoretically, a necessary condition for the enterprise departments to "stock up" is that enterprises have sufficient funds in their hands to configure the assets of large categories.

Sufficient funds may be the result of two different situations:

One is the central bank's sluice and water release entities.

The low rate of return leads to large cash holdings.

The other is the recovery of the real economy, the improvement of corporate profits and the eventual large amount of cash flow.

At present, the enterprise departments may be in the pitional stage of these two situations. However, there is still much uncertainty as to whether the pition from the first case to the second situation can be completed.

Among them, the central bank's monetary policy, financial product yield and M1-M2 are important indicators for the enterprise sector to "stir up stocks" so as to make a judgement of the market rebound.