How to bet on "new infrastructure" to make money after the crisis?

Hello, everyone, I'm a rookie special investment expert: captain.

The new infrastructure is undoubtedly a hot potato in the market now.

Since March, seven index funds related to "new infrastructure" have been publicly raised.

Not long ago, CSI Index Company also revised the compilation scheme of infrastructure-related indexes, and the two infrastructure indexes became "new infrastructure" indexes.

Now that the concept of "new infrastructure" has become popular, how can we get a slice of it?

The official first mentioned "new infrastructure" at the Central Economic Work Conference in 20 18.

This year, the government has repeatedly stressed this point.

There is deployment above, and there is action below.

According to statistics, among the special bonds issued by local governments, the new infrastructure investment increased from 0.6% in 20 19 to 3.9% in 2020 1 year and 14.8% in February.

Many provinces have recently released a list of investment plans for key projects in 2020. At present, the announced investment has exceeded 30 trillion yuan, including many new infrastructure projects.

Seeing this, you may wonder why the word "new" should be added in front of the infrastructure.

In recent years, the whole society has been discussing the matter of "GDP guarantee 6"

Because the annual GDP growth rate of China experienced a rapid rise period from 1998 to 10, but it gradually decreased from 10% in 20 10 to 6.9 1% in 20 15 years.

Since then, it has entered the sixth era, with an annual growth rate of 6%-7%.

Obviously, China's economy has been facing downward pressure in recent years, which shows that it is no longer feasible to rely on the old methods and roads to grow the economy.

This is also normal. Any country will experience such a stage of economic slowdown after rapid growth.

But unlike other developed countries, China still has a lot of room for development, and it can also stimulate the economy to continue to rise through a series of reforms and innovations. To be professional is to bring new kinetic energy for economic growth, transformation and upgrading.

The new infrastructure is one of the power points, and it can even be said to be the main power point.

However, since new infrastructure is not a new concept, why has it suddenly become popular recently?

Many vegetable lovers may think of it, not only because of the economic impact of the COVID-19 epidemic.

With the downward pressure on the economy increasing, the emergence of the epidemic has increased the pressure on the domestic economy, and at the same time, it has to face the uncertain risks brought by the unclear turning point of overseas epidemics.

This undoubtedly strengthens the urgency of "countercyclical adjustment through new infrastructure and other means", and it is also an inevitable product under the background of "great change in a hundred years".

Above, we are talking about "why". If you want to know more thoroughly, you have to ask "what is it".

Let me talk about it first. What is infrastructure?

Simply understood, infrastructure is a series of infrastructure construction that serves the national economy and life, such as the construction of roads, railways, tracks, bridges, various industrial buildings and other projects. With these infrastructures, the social economy has a foundation for sustainable development.

In the past, infrastructure investment has indeed been promoting domestic economic growth.

For example, at the end of last century, in response to the Asian financial crisis, China carried out large-scale major infrastructure construction such as railways, highways, airports and water conservancy, commonly known as "Iron Gong Ji".

This kind of promotion has played a certain role in giving full play to the advantages of labor force, improving the efficiency of economic operation and promoting economic development.

In the "4 trillion plan" launched in 2008, the funds were mainly invested in "Iron Gong Ji".

Subsequently, the GDP growth rate also rebounded significantly, with the data of 9.65% in 2008 and 10.64% in 2065.

However, while infrastructure investment promotes economic growth, it also brings some disadvantages:

In recent years, everyone should be able to clearly feel the pressure brought by the rapid growth of housing prices, and there are still some problems of overcapacity in industries that need to be solved urgently.

This is also a further explanation of why "new".

So where is the new one? What exactly is new infrastructure?

In fact, there is no clear definition of "new infrastructure" at present.

When the Central Committee mentioned the new infrastructure, it listed several areas, but all of them were summarized by "waiting". ; Some brokers also divide the new infrastructure into seventeen regions; Previously, CCTV proposed seven major areas of new infrastructure:

5G infrastructure, UHV, intercity high-speed rail and intercity rail transit, new energy vehicle charging piles, big data centers, artificial intelligence, and industrial Internet.

Simple expansion:

The 5G infrastructure is an iteration of 4G, and it is the most fundamental communication infrastructure in the new infrastructure, which can best develop in coordination with other fields.

UHV: This is the focus of power grid construction, and it is also conducive to the development of new energy industries such as photovoltaic and wind energy.

Intercity high-speed rail and intercity rail transit: In fact, this part is also in the old infrastructure, and now the construction focus is on several core urban agglomerations.

Charging pile for new energy vehicles: it serves the infrastructure construction of the new energy vehicle industry, and the industrial chain of new energy vehicles is relatively large, so

This is even more important in new infrastructure.

Big Data Center: This is the infrastructure of cloud computing. The construction of big data center needs a series of supporting support, and the range of industries that can be driven is also relatively wide.

Artificial intelligence, industrial internet and big data center can also be regarded as 5 G applications.

Of course, new infrastructure is not limited to these areas.

In the final analysis, the ultimate goal of new infrastructure is to provide new economic kinetic energy, and the key to obtaining new kinetic energy is to shift from "high-speed growth" to "high-quality growth".

In this transformation process, the direction and strategy of "metropolitan area" is particularly important.

In the past two years, we should also feel that there are more and more references and policies of "metropolitan area", and referring to the experience of developed countries such as the United States and Japan, it seems that building metropolitan area has become an inevitable choice.

Therefore, any infrastructure with science and technology as the core and conducive to the formation of metropolitan areas can actually be regarded as new infrastructure, such as smart cities, education and medical upgrading, and so on.

In the future, with the government taking the lead and enterprises going into battle together, these new infrastructures will drive the development of emerging industries and create more valuable companies by creating new demands, creating new jobs and incomes, and providing strong support for economic growth.

However, this does not mean that the old infrastructure should be abandoned, and the new and old infrastructure should go hand in hand, so that the economy can better rejuvenate.

Finally, talk about whether to vote and how to vote.

From a big perspective, under the strong deployment, these industries will have a good future development trend, and the corresponding sectors will also become the main line opportunities for the future stock market.

However, in the short term, due to factors such as insufficient performance support, high valuation and epidemic situation, the overall decline of technology stocks is obvious, and the short-term uncertainty is still great.

Therefore, everyone should focus on the timing of admission and the direction of stock selection. Captain, I think we can pay attention to these two sections:

One is 5 g, which has good long-term certainty, including 5G infrastructure, big data center, artificial intelligence, industrial Internet and other applications, and there is a lot of room in the later stage.

However, based on the consideration of valuation, the valuation of 5G is on the high side, and the overall market is still unclear, so we can wait for the valuation to fall.

The second is new energy vehicles. Affected by the international epidemic, it is estimated that this sector will be adjusted for a period of time, but after the adjustment, the investment value of the whole industrial chain is still relatively high.

Well, that's it for the new infrastructure. If you have any ideas, please leave a message to share ~