Public and private equity firms focus on manufacturing, consumption, infrastructure and other sectors7cardpokergamesOf the listed companies actively layout. Looking to the future, industry insiders said that the current stock market risk has been fully released, the valuation is at a low level. With the continuous development of favorable policies, the market is expected to rebound.

◎ reporter Wei Yutian

Recently, a series of positive policies have been introduced intensively, constantly boosting market sentiment. Public and private equity firms are also actively involved in the layout of listed companies in manufacturing, consumption, infrastructure and other sectors. Looking to the future, industry insiders said that the current stock market risk has been fully released, the valuation is at a low level. With the continuous strength of positive policies, the market is expected to usher in a rebound.

Since May, a number of listed companies have issued buyback announcements, setting off a "buyback wave". At the same time, some public and private equity firms have also increased7cardpokergamesThe allocation of manufacturing, food consumption, biomedicine and other sectors.

Take Glibo, a machinery and equipment company, as an example. In the latest list of the top 10 tradable shareholders announced on May 20, Guangfa value core mixed securities investment fund, Manulife transition opportunity stock investment fund, Guangfa science and technology innovation hybrid securities investment fund and Castrol theme new power hybrid securities investment fund have become new shareholders, with 188 shares respectively.7cardpokergames.62 million shares, 1747cardpokergames71 million shares, 1.7014 million shares and 1.4364 million shares.

According to an announcement issued by Qianwei Central Chef, a listed company in the food industry, Huidianfu consumer industry mixed securities investment fund and Fuguo Tianhui selected growth hybrid securities investment fund have become the top 10 tradable shareholders, with 700000 shares and 574600 shares respectively.

In addition, Haitai Xinguang in the field of medicine and biology is also favored by institutional investors, and Xinhua recently selected dividend-sharing mixed securities investment funds to become its top ten tradable shareholders. Auto parts company Laimu shares also attracted Haituang value growth selection No. 1 private equity fund to sell, holding 2.3528 million shares.

Guotai Junan research report shows that during the period from May 13 to May 17, the estimated position of active equity fund stocks is 83.16%. From the perspective of the industry, the fund has increased its holdings in manufacturing, infrastructure, new energy, real estate and other sectors. From the perspective of stock theme, the fund has increased its holdings of innovative drugs, digital economy, AIGC (generative artificial intelligence) and other themes.

"the current risk in the stock market has been fully released." Long-term investment believes that over-the-counter funds, including foreign capital, will raise the equity market from low allocation to standard allocation, which will bring systematic repair to the market valuation, and the room for stock selection will be significantly increased in the future.

The preferred investment directions for long-term investment include export-oriented, high industry barriers, growing manufacturing companies, companies that can provide stable returns, stable ROE (return on net assets), high dividend ratios and likely to continue to increase, as well as overseas-priced non-ferrous and precious metals sectors.

"A-share market is expected to enter the rebound channel." The Wells Fargo Fund believes that China's economic fundamentals are expected to continue to improve. At present, many key indicators such as valuation and risk premium of A-share market have good investment performance-price ratio, while the sustainability and elasticity of the future market are more dependent on the verification of follow-up economic data.

Looking to the future, Wells Fargo Fund believes that investors can adopt a "triangle" investment layout strategy. On the defensive side, the dividend strategy of high dividend and low valuation will benefit from the gradual repair of fundamentals and changes in market expectations; on the offensive side, focus on the improvement of the supply side and the rise of a new round of industrial cycle, the layout of the relatively volatile TMT technology growth plate; the middle tier is mainly sound, the layout of the pharmaceutical and consumer sectors that benefit from the repair of market sentiment, as well as pro-cyclical industries that benefit from economic recovery.