Short-term market downward space Limited

After three consecutive weeks of gains, some investors are beginning to worry about the lack of momentum in the future. In view of this, Shen million Paris consumer growth Equity fund to be the fund manager Wei Ligang that the market may be due to capital, economic data, valuation pressure, IPO restart and other factors in the bottom of the process of raising some adjustments, but the short-term market in the downward space is relatively limited, Once the market adjustment is also the industry trend to the good part of the stock buying opportunities.　　(reporter Wu Yu) as the market continues to move higher, there are more and more voices worried about high valuations. According to the relevant agencies,　　October 2007 Shanghai Composite Index at 6000多 when the total market value of Shanghai and Shenzhen reached 35.8 trillion yuan, and the Shanghai Composite Index on April 30 this year only 2400多, Shanghai and Shenzhen stock market has rebounded to about 20.2 trillion yuan, if the total market value is estimated, the current market is actually equivalent to 3400多 points of the Shanghai Composite Index. It cannot be said that valuations are too high "when the economy improves, it cannot say that valuations are too high."　　"For current market valuations, Wei Ligang, a fund manager for the consumer Growth Equity fund in Paris, said that when the economy was just beginning to recover, the market would be relatively high in valuations as the turnaround in corporate earnings was not reflected, and valuations would fall if the economy turned better. For market trends, Wei Ligang judged that, in two ways, one is that, in the long run, China's economy has gradually warmed up the stage, some macroeconomic data on the chain to improve the trend is more obvious, the corresponding corporate earnings also improved on the chain, therefore, the short-term market in the downward space is relatively limited. Second, the market may be due to capital, economic data repeatedly, valuation pressure, IPO restart and other factors in the bottom up the process of some adjustments.　　Once the market adjustment is also the industry trend to the good part of the stock buying opportunities.　　In addition to market valuations, the market is worried about the two main drivers of a 1-quarter sharp rebound – liquidity and macroeconomic improvements that have weakened the market's drive.　　Zhou Xiaochuan, the governor of the People's Bank of China, said that a moderately loose monetary policy would continue, and that concrete operations needed to be taken one step further to fine-tune the situation according to actual needs.　　Bullish on real estate car Bank specific to the industry, Wei Ligang pointed out, more optimistic about real estate, automobile and other industries. Wei Ligang said that the real estate and automobile industry can extend a large range of industrial chain: Home appliances, furniture, auto parts and so on, so the two sectors of the economic pull is very large. "There is also a concern about China's banking sector. Wei Ligang said that at present the bank's valuation is relatively low, net spreads bottom, interest-bearing assets growth, and China's bank assets in the financial turmoil was less impact, the current valuation is relatively low. In the midst of the financial crisis, China's banking sector suffered a knock-on impact on its assets. In addition, Wei Ligang said that it would also focus on the theme of investment opportunities, such as regional economy, Shanghai local stocks, mergers and acquisitions.