Vice-Chairman of the Board of Auditors

On Saturday, the three major units were high, followed by a wave of shocks and a return to the market as a whole. However, market yields have not increased further than last week. Agricultural planting, cement plates have been active on top of the list of biocalculations, and there has been a relatively large drop in the production of such items as extractive services and paper-building. In terms of market earning effects, recent market trends have begun to grow and lucrative effects have increased, particularly with regard to consumption, especially white liquor, food beverages, etc., which was recommended for attention in the previous period, as well as five G in science and technology, new energy vehicles, etc. The gold plate has also recently emerged from a relatively good position, although there has been some adjustment following rapid growth, in the medium and long term, the bottom of the A market has come to the fore that the consensus on market growth has gradually been reached. The impact of the epidemic on the economy has been eroded by the market, and domestic policies are growing, which are conducive to the stability of the market.

The continued downward revision of the LPR interest rate, just announced on Sunday, has helped to reduce the cost of the economy and the economic recovery, and LRP has continued since its reform in the second half of the year. The year in April, when LRP interest rates were lowered to 3.85 per cent, with a downward adjustment of 20 bp, is an important policy signal that the real economy is being reduced from a policy standpoint, thus supporting the recovery of the economy. The impact of the epidemic on our economy was very large, with a negative 6.8 per cent rate published by the Statistical Office for a quarter, the first time since the publication of GDP data in 1992, while the first industry has been less affected, the second industry and the third sector are relatively affected.

The meeting of the Central Political Bureau on 17 April to analyse the situation in the country and abroad in the prevention and control of the new coronary pneumonia epidemic, to study the deployment of the intensive implementation of the control of the epidemic, to study the current economic situation and to deploy the current economic work, was a matter of concern, for the first time, at the meeting, which introduced six insurance policies, namely, the employment of the population, the preservation of basic livelihoods, market topics, food security, the stabilization of the chain of insurance, and the maintenance of grass-roots operations, as well as the impact of greater macroeconomic policies on the epidemic. Following the publication of quarterly economic data on the same day by the Bureau of Statistics, which was 6.8 per cent below, the meeting of the Central Political Bureau released important signals to address the current economic challenges. The meeting showed that there was also sufficient scope for current policies and that more could be put in place to deal with economic challenges. The meeting began with greater macro-policies to influence the epidemic, suggesting that the window of exchange at interest rates had been opened and could release the signal of flexible adjustment of economic growth objectives, especially for small and medium-sized enterprises that were more affected by the epidemic to channel financial support to help those enterprises to survive.

In policy terms, two important meetings of the Finance Committee have recently been held within 10 days, and a series of policies introduced by the Central State Department in support of economic recovery are aimed at responding to the impact of the epidemic and guaranteeing a better recovery of our economy. Economic stability will be the basis for a strong market, and market confidence will gradually recover only if the economy is stable. Last week’s FDI inflows to the A Unit were more than 30 billion, a large inflow, and the equities that flowed were all whitema units, represented by the thorny, the Lend era, and, while poorly valued, were still favoured by foreign investment, which is ample illustration of how much of FDI is better than those companies.

In the case of crude oil, the future price of New York continued to fall, by 5.4 per cent on 20 April, which was also the lowest level since November 2001, and by 20 per cent last week. While the United States urged Saudis and Russia to enter into crude-oil reduction agreements, the price of crude oil was again falling after a rapid rebound, and had created a new low, owing to the impact of the epidemic on the economy, which had a severe impact on the demand for crude oil and had contributed to an increase in the global supply of crude oil. The sharp fall in crude oil prices has had a certain impact on the global capital market, as crude oil has a high psychological impact on the market, which suggests that the recession may be more intense.

The combined net acquisition of funds on the north of last week amounted to more than $30 billion in Unit A, the fourth single week in history, where the first three occurred in November 2018, November 2019 and February 2020. FDI inflows, on the one hand, bring incremental capital to the A market and, on the other, demonstrate confidence in the A market, while at the same time bringing value investment to the A market; the current overall stabilization of the exchange rate of the people, the gradual economic recovery; the greater weight of our capital markets in the global allocation of funds; the previous period is not due to a failure to look at the performance of the A equity, but to the return of these countries to domestic fire as a result of the collapse of the AUS market, which has now begun to improve global liquidity, and the re-entry of FDI into the Affiliation market.

In terms of the investment direction, the previous recommendations could continue to focus on the four main directions of consumption, vouchers, science, technology and gold, and the lucrative effects of markets have begun to be gradually reflected, together with policy support and guidance, the market of Unit A is expected to continue to shook this week and market investment opportunities are increasing.

From the United States dividends, the United States unit experienced a rapid recovery after the first phase of a crippling decline of nearly 40 per cent, but given that the United States economy was heavily affected by the epidemic, and that there was no real improvement in investor panic, the latter city of the United States could still have epicentres that were repeated, not even two. These rebounds to the A market, but the impact on Unit A will not be too large, as equity A has gradually begun to emerge from the vagaries of shocks as a whole, and the impact on Unit A will not be as large as long as the outlying markets are not so fast as to be able to collapse, and Unit A will be more able to carry out the shocks in line with domestic financial and policy trends. Of course, the real exit of the A market is