202 1 NPC and CPPCC Conference's Hotspots and Main Topics

The fourth session of the 13th National People's Congress will be held on March 5th, 20021year, and the fourth session of the 13th National People's Congress of China People's Political Consultative Conference will be held on March 4th, 20021year. So, what are the main contents of 202 1 NPC and CPPCC?

202 1 Topics and Contents of the NPC and CPPCC From the key words, * * * has six directions:

1. Almost all provinces are in the "C position" (the top three in all work);

2. Highlighting industrial transformation and upgrading, advanced manufacturing, modern service industry and digital economy are the three major directions;

3. Fixed assets investment target is lowered, traditional infrastructure investment ebbs, and new infrastructure and rail transit are the main directions.

4. The system dividend is expected to be further released, focusing on the reform of state-owned enterprises and the marketization of factors;

5. the importance of promoting consumption has increased, and there are three major graspers;

6. Other concerns, such as metropolitan areas, peak carbon dioxide emissions, carbon neutrality and rural revitalization.

202 1 two sessions discuss key issues, and the market enters the two sessions. Hot issues such as policy tone, epidemic prevention and control, economic data, development goals and people's livelihood have become the focus of global attention. At the same time, the stock market also officially entered the two sessions. Next, let's analyze the stock market of the two sessions over the years and the impact of the two sessions on the broader market this year.

Judging from historical data, the stock market has shown a certain "two sessions effect". According to statistics, in the past ten years (20 10~20 19), the Shanghai Composite Index rose six times during the two sessions. In the past five years, all the Shanghai Composite Index achieved positive returns during the two sessions. After the end of the two sessions, the upward trend of the market continued in the short term, and the benefits formed by the introduction of relevant policies continued to ferment after the meeting. Five days and 10 days after the end of the two sessions, the rising probability of the market reached 60% and 70% respectively, and the increase was expanding.

Growth enterprise market performed better during the two sessions, with the winning rate reaching two-thirds. During the two sessions in recent ten years, the average growth rate of GEM index was 1.5 1%, which was better than that of Shanghai Composite Index in the same period. During the two sessions of 20 19 and 20 18, the growth rate of GEM index was as high as 6.04% and 5.23% respectively. On the whole, the positive signals released by the two sessions have played a positive catalytic role in the stock market trend.

The winning rate of the food and beverage industry during the two sessions was 80%

During the two sessions, the trends of various industries were divided, and most industries performed relatively flatly. According to the statistics of DataBao, in the past decade, only the food and beverage industry and the communication industry won more than 50% during the two sessions, reaching 80% and 60% respectively, and the food and beverage industry was the absolute winner. The winning rate of five industries, such as mining, nonferrous metals and transportation, is only 30%.

Judging from the ups and downs of the index, only the 1 1 industry index rose more than 0 on average during the two sessions in recent ten years, among which the medical biological index rose the highest, reaching 1.4 1.34%, and the food and beverage industry rose by 1.34%, ranking second. Iron and steel, mining, national defense and military industry, and non-bank finance performed worst, with an average decline of more than 1.3%.

CMB International predicts that the government will continue to widely support domestic demand and consumption, while promoting infrastructure investment and employment. Statistics over the years show that most consumer stocks outperformed the market before and after the two sessions. Considering this year's policy support and external risks, this year's consumer stocks (including retail, catering, automobiles, education, e-commerce, etc.). ) It is expected to continue to benefit from the two sessions and become a winner.

In addition, infrastructure investment will remain an important support for economic growth, and it is expected that the government will approve more infrastructure projects after the two sessions.

Under the influence of the COVID-19 epidemic, the pharmaceutical sector is also the focus of most attention. Huaxi Securities believes that there are three main investment lines in the medical theme that deserve attention:

First, the construction of medical facilities: the epidemic situation will promote the supplement of medical facilities, and the purchase of medical equipment under the new infrastructure will promote the construction of medical facilities in the future.

Secondly, vaccines: Because of the epidemic situation in COVID-19, the awareness rate of vaccines has increased, and the long-term vaccination rate will continue to increase.

Third, innovative drugs: the importance of innovative drug research and development is more prominent under the epidemic situation.