Shenwan Hongyuan: Key nodes support market confidence

On May 7, Fu Jingtao, chief analyst of Shenwan Hongyuan Securities, said that the conference itself reflects the policy goal of stabilizing the capital market, and the package of financial policies at the conference will support market confidence at key nodes. The comprehensiveness, concentration and consistency of policy implementation, as well as the direct correlation between the layout of financial policies and the expectation of stabilizing the capital market, are all significantly beyond market expectations. Fu Jingtao believes that in the short term, the key verification period of policy layout and performance has just passed, and the implementation of the steady growth policy has become the main contradiction affecting the capital market. Structurally, the consumption recovery market has been deduced, and the technology that has strengthened the trend of performance improvement in the first quarter is also being repaired quickly, but the subsequent sustainability of both types of assets remains to be seen. At this stage, financial easing is concentrated and strongly related to the stability of the capital market. This is conducive to maintaining short-term risk appetite and helping to maintain the overall activity of the A-share market during the critical window.