In the past two days, bank stocks have strengthened, and what are the reasons for the continuous increase in large funds?

at best, it's called support, at worst, it's fear of collapse. Recently, the market is in low spirits, and there is no incremental capital entering the market. It is just a game of stock capital in the market, and the issuance of new shares is intensified. The stock pool is already full of fish and water. In addition to stabilizing investors' confidence, the village should pay more attention to its own image. After all, the current A-share market has gone through 3 years, and it has attracted more and more attention from foreign investment institutions. In case of making a big joke, it will not only lose Murakami's face.

1 Support

2 They are big blue chips, which can maintain stability

3 Low valuation and high margin of safety

It is inevitable that banking stocks will strengthen. Some time ago, bank stocks had a strong trend, because the listing of ant wealth was just around the corner, and it was adjusted back a little.

As a new Internet finance enterprise, Ant Fortune's specific estimated market value is close to that of ICBC. Internet finance has a certain impact on traditional banks.

Take the simplest example: in the past, you could only buy funds from banks and securities companies, and the proportion of bank sales exceeded 9%. So the bank took a lot of handling fees.

Up to this year, Alipay fund sales have accounted for 2% of the total, while the proportion of bank sales has dropped to about 5%. Moreover, it continues to decline. The part of their decline is eaten by online finance companies such as Alipay.

of course, this is only one aspect. Specifically, for example, if the wealth of ants attracts some money, the bank deposits will decrease. The more Internet companies rise, the greater the impact on banks.

talk to the bank. Although these companies have seized part of the bank's profits, the bulk is still owned by the bank. Coupled with the increasing total social wealth, China is in the primary stage of development, and there is still a lot of room for future growth of banks.

today, the market value of all banks together accounts for 1/6 of the total market value of A shares. With such a large volume, it is doomed that this industry cannot be hyped. So there is no explosive market. Unlike science and technology, new energy, innovative drugs, vaccines and so on, it can go up in one year, but it can also go down when it falls.

Therefore, the bank has become one of the most stable assets of the whole A-share market. When the market falls, it doesn't fall much, and when the market rises, it doesn't rise much. Since 27, banks have been in a relatively underestimated situation. The reason why banks have increased in recent years is that pure performance has pushed the stock price up.

Excellent city commercial banks, such as Hangzhou Bank, Bank of Ningbo Bank and Chengdu Bank, have an annual profit growth rate of over 15%.

Excellent joint-stock commercial banks, such as China Merchants Bank and Industrial Bank, have developed a large number of retail businesses to attract high-net-worth people. The performance is also quite good.

plus the annual dividend of the bank, it is the first file in A shares. Just paying dividends is more than the bank's five-year deposit interest. Steady growth every year, although the growth rate is very slow. Therefore, many conservative investors choose to invest in high-quality banks in full positions. This approach can often outperform most investors in the market.

Because the rule of this world is that slow is fast. Just like our long life, when we look back, we find that it has passed so quickly.

this year, due to the epidemic, banking stocks are generally depressed.

The principle is that under the epidemic situation, many enterprises are insolvent. These enterprises owe money to the bank, and naturally they can't pay it back. There are a lot of bad debts in banks, and the market is pessimistic about banks collectively. At the beginning of the year, the bank's share price once fell to a terrible level.

Smart people have increased their positions in banking stocks at the moment. Dong Baozhen, a famous investor, shouted everywhere: The bank has an investment opportunity that has never happened in 8 years.

after half a year's slow suffering, the bank's bad debts have almost been cleared, the domestic epidemic situation has been basically controlled, the economy has begun to recover, and banks have begun to get on the right track. In fact, banks began to rise in August, but there was a wave or two in the front.

callback is the normal state of the market, and we are also optimistic about the future of the bank.

after every crisis, the real industry begins to recover first. Due to the need to digest the bad debts caused by the crisis, the recovery of the financial industry is lagging behind. The new round of investment income will not appear until the real economy is up. This process usually lasts for several years.

For example, during this epidemic, few people bought houses and few people saved money. When the social order returns to normal, everyone will start spending again, and it may be several months before the money is reflected in the bank. The money lent to the enterprise is similar. The enterprise can produce when it gets the money, and it takes several months or a year or so to repay the bank.

therefore, there is a lag in the recovery of the financial industry. Once the financial industry is restored, it will continue to prosper for some time.

it is only natural that banking stocks are optimistic.

they are all doing short-term, which is convenient for making new shares. In fact, there is really no shortage of funds in the stock market. What is lacking is the confidence of investors. Who dares to continue to invest in funds when the vast majority of shareholders lose money? Moreover, this loss is not a year or two. The management is actually a new share issuance department, mainly serving enterprises to raise funds.