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2017年中国股票市场回顾与2018年展望

作者:李世奇 朱平芳 出版日期:2018年01月 报告页数:17 页 报告大小: 报告字数:13913 字 所属丛书:经济蓝皮书 所属图书:2018年中国经济形势分析与预测 浏览人数: 下载人数:

文章摘要:2017年中国股票市场在金融严监管的背景下表现稳定,新股发行实现常态化,A股成功纳入MSCI标志着中国股票市场的对外开放水平迈上新台阶,A股走势进入市场分化阶段,蓝筹股估值稳步回升,消费周期股领涨。2018年供给侧结构性改革将持续发力,“去杠杆、补短板”预计会成为政策重点,全球经济复苏开启货币政策正常化进程,整体流动性将稳中趋紧。2018年中国股票市场在价值投资的主线下,将会迎来更多的结构性机会。

Abstract:In 2017,China’s stock market was stable under the background of strict financial supervision. The issuance of new shares was normalized. The successful inclusion ofA shares in MSCI marked a new stage in the opening up of China’s stock market. The A-share market entered a stage of market differentiation. Blue chip stocks Steady rise in value,consumer cycle stocks led the gains. Supply-side structural reforms will continue to exert ... 展开

Abstract:In 2017,China’s stock market was stable under the background of strict financial supervision. The issuance of new shares was normalized. The successful inclusion ofA shares in MSCI marked a new stage in the opening up of China’s stock market. The A-share market entered a stage of market differentiation. Blue chip stocks Steady rise in value,consumer cycle stocks led the gains. Supply-side structural reforms will continue to exert force in 2018. The policy of ‘deleveraging and short-selling’ is expected to become the focus. The global economic recovery will open the normalization of monetary policy and the overall liquidity will tighten steadily. In 2018,China’s stock market will usher in more structural opportunities under the main line of value investment.

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作者简介

李世奇:李世奇,任职于上海社会科学院市值管理研究中心。

朱平芳:朱平芳,任职于上海社会科学院数量经济研究中心。