Consistent forecast: January-March Cumulative urban fixed assets investment increased 24.4%

April 8, "Securities Market Weekly" by the Sina Financial Exclusive network issued by the "Vision Cup China macroeconomic March consensus" shows that January-March cumulative urban fixed assets investment growth rate of 24.4% year-on-year, compared to 1 ~ February year-on-year growth rate fell 0.5%.　　Survey shows that January-March cumulative urban fixed assets investment growth rate of the maximum 28%, the minimum value of 21.5%, the median of 24.5%.　　Xu Weishong, director of the Securities Institute, said in a telephone interview that the current tightening of monetary policy reflected in investment is the crowding out effect, so the previous year's urban fixed asset investment growth slowed compared with January-February. Referring to the future of fixed asset investment, CIC Securities macro analyst Xing slightly received an interview with reporters, said that 3 April fixed asset investment will be stable trend.　　Last year's strong social-financing needs and four-quarter credit loosening will be the main support; starting in May, the continued tightening of credit in the early period will cause investment to slow down, the one or two-quarter credit fall will affect the investment in fixed assets after May, but the decline is also affected by other social financing needs.　　CIC believes that overall investment in fixed assets will be around 20% this year, with investment of 24%, 22%, 20% and 20% in each quarter respectively. Lu Zhiming, a macro analyst at Bank of Communications (601328.SH/3328.HK) Financial Research Center, said in a telephone interview that, from the historical trend, fixed asset investment over the years was often "before the high and low" trend, the end of last year has fallen to 23.8%, the beginning of this year should have rebounded; from the fundamentals　　, while policymakers want consumption to be the main engine of economic growth, investment will remain important in the short term, and this year is the start of the "125" plan, and fixed asset investment will remain at a high rate of growth. The agencies involved include BofA Merrill Lynch, Paris-France Securities, Standard Chartered Bank, Citibank, HSBC, Bank of China (601988.SH/03988.HK), ICBC (601398.SH/01398.HK), CICC, Wanguo, Merchants Securities (　　600999.SH), Bank of Communications (601328.SH/3328.HK) and so on. End