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近期,受到《人民日报》刊登“开局首季问大势——权威人士谈当前中国经济”一文对“经济运行L型走势”的客观描述和证监会考虑限制中概股借壳回归等政策面及消息面的连续冲击,股市出现连续下挫,投资者需谨防政策引导性下跌的风险。保持谨慎态度在偏利空的政策面及消息面之外,诺亚研究认为,投资者仍要保持谨慎态度,原因主要有以下几点:一是2016年一季度宏观经济数据良好表现的持续性存疑,货币政策有边际收紧预期;二是债券市场(信用债)风险持续暴露;
Recently, the “People’s Daily” published “the first quarter of the first question asked the general trend - the authoritative person on the current Chinese economy,” a text on the “economic operation of the L-shaped trend,” the objective description of the SFC and consider the restrictions on back in the back of the class stocks Continued impact from the policy and news sources, the stock market showed a continuous decline, investors need to guard against the risk of policy-led decline. Be cautious On the bearish policy side and news coverage, Noah’s research suggests that investors should remain cautious for the following reasons: First, the continued dilemma of good performance in the first quarter of 2016 in macroeconomic data , Monetary policy has the margin tightening expectations; the second is the continued exposure of the bond market (credit debt) risk;