If you don't mix well in the first half of the year, please don't be discouraged, don't be discouraged, take history as a mirror, and the great cause will be completed in the second half of the year. This weekend, the high-level voices are frequently spoken, and the following three directions may be expected to become the new main line in July, let's take a look!
From a macro point of view, under the guidance of the important exposition of the high-level on comprehensively deepening the reform, the village is actively conducting research in many places, and carrying out in-depth comprehensive evaluation of the capital market reform such as the registration system, and on this basis, it will pay close attention to studying and planning a package of measures to further deepen the capital market reform in an all-round way. To put it simply, it is to establish an adaptation mechanism around the development of service science and technology innovation and new quality productivity, which is also what Dage reminded in the article, and the blockbuster meeting in mid-July is expected to focus on the direction of landing.
The second quarter of 2024 (the 105th in total) regular meeting of the central mother was held in Beijing, and after the yen fell below the 160 mark and the local currency exchange rate also fell below the 7.3 integer mark, the market was increasingly worried about the pressure of local currency depreciation. Yang Ma didn't say much at this regular meeting, but the sentence "resolutely prevent the risk of exchange rate overshoot" is enough to show determination, the overall exchange rate is still controllable, and everyone does not need to worry.
As for the industry and economy, we should not let go of technology. First, the measures planned by the village to deepen the reform of the capital market are to serve scientific and technological innovation, and the second is that the seven departments jointly issued a work plan on doing a solid job in science and technology finance. Third, the official media also issued a document stating that it is necessary to comprehensively deepen the reform of the scientific and technological system and mechanism.
In the first half of the year, A-shares relied on high interest rates and going overseas to stabilize the index at the 3,000-point line, but the U.S. stock market took advantage of science and technology to either hit a new high or on the way to a new high. In the future, domestic substitution is urgent, and Huawei has been at the forefront in terms of mobile phone chips and GPUs, and the catch-up speed should be faster under the new national system.
After three years, the rare earth management regulations were signed by the top management and implemented on October 1, 2024, from the public consultation in 2021 to the high-level signing. After all, rare earth countermeasures are one of our trump cards, and now that the management regulations have been released, it is not a countermeasure to win but a countermeasure.
Rare earths are widely used in cutting-edge science and technology and military industries, and we have long been the world's largest rare earth resource country, import and export country, producer and application country. In addition, at the end of last year, we restricted the export of rare earth mining, beneficiation and smelting technology, and everyone who understands that the introduction of the management regulations can be said to be good for the domestic head rare earth industry chain in the long run.
Finally, let's talk about the core track of new quality productivity - low-altitude economy! It was learned from Eastern General Aviation that on the morning of June 28, Shenzhen Railway Group and Eastern General Aviation launched the inaugural ceremony of China's first air-rail intermodal transport project at Shenzhen North Railway Station. The most important thing is that it only takes 18 minutes from Longgang in the core circle of Shenzhen to Bao'an Airport.
Time is money, although it has not yet entered the homes of ordinary people, but with the large-scale commercial use of eVTOL, it is said that the North Railway Station to Bao'an Airport only costs about 200-300 yuan. The acceleration of the commercialization process will certainly feed back to the industry, which is definitely good for flying cars, low-altitude economy and commercial aerospace, and it is still worth paying attention to in the second half of the year.
To sum up, this week's high-level shouting and macro policy are likely to pave the way for the blockbuster meeting in mid-July. As for the market, it has formed a multi-party cannon pattern of two yang and one yin, and the stage low has basically been established, so before the meeting in early July, the A-share repair rebound should be a high probability event, and friends who hold shares can continue to hold shares.
It's just that before the incremental funds enter the market in a big way, there is no basis for general rise, and the focus is still on rhythm and stock selection. Have a great weekend to all! Follow me, I'm @TrendRadar168!