May 21pragmaticextrajuicy, as of 10:52, A50ETF Warburg (159596) fell 0pragmaticextrajuicy.29%, turnover 2,951pragmaticextrajuicy.920,000 yuan.
In terms of constituent stocks, Midea Group rose 0.95%, and Hengrui Pharmaceutical rose 0.39%. Changjiang Power rose 0.15%, and China Merchants Bank rose 0.03%. Zijin Mining fell 3.65%, BYD fell 2.1%, and other stocks also fell green.
In terms of capital flow, A50ETF Huabao (159596) has accumulated a total of 144 million yuan in "gold" in the past five days.
On the news front, on May 20, the Ministry of Finance released the fiscal revenue and expenditure for April 2024. Data shows that from January to April, the national general public budget revenue reached 8.0926 billion yuan, a year-on-year increase of about 2% after deducting the impact of special factors. Overall, fiscal revenue in the first four months maintained a restorative growth trend.
Huaxi Securities analyzed that under the background of broad credit, A-shares are expected to come out of a slow round. Since May, A-shares and Hong Kong stocks have continued to strengthen, mainly reflecting the optimistic expectations of domestic and foreign investors for "promoting reform and expanding demand" in China. After the introduction of this 517 real estate new package, it was opened again.pragmaticextrajuicyWith room for local governments to implement policies based on cities, the New Deal is not only conducive to releasing some demand, but more importantly, it clarifies the policy signal of "resolving risks in the real estate sector." In the future, supporting policies for the property market in various regions are expected to continue to be implemented, and there is room for RRR reductions and interest rates, which will help support investors 'risk appetite and drive the domestic equity market to fluctuate upward.
China Merchants Securities said that China's real estate market, local government financing, etc. are currently stabilizing, and China's economic volatility has dropped significantly, entering a stage of high-quality growth. In this case, high-yield assets can be very scarce. China's outstanding listed companies, including the China Securities A50 and the Shanghai and Shenzhen 300 Index, are expected to become highly sought after high-quality assets in the current market with their excellent intrinsic returns. With the release and implementation of the new "National Nine Articles" and the promotion of long-term capital investment in core A-share assets, leading assets in various industries with high ROE and high free cash flow are expected to continue to benefit, with the China Securities A50 Index represented by the high-quality weighting index is expected to be ready to launch a strong round of cattle in the future.
According to public information, the A50ETF Huabao (159596) and its over-the-counter linked funds (Class A 021216/Class C 021217) passively track the China Securities A50 Index, which brings together core leaders in the A-share industry. The 50 constituent stocks come from 50 China Securities third-level industries, comprehensively characterizing the benchmark core assets of A-shares! To be long in China, the A50 is the first choice.
