GF Fund configuration PPP and SOE reform sector leader Shanghai SOE concern-mcncc

GF Fund: configuration PPP and SOE reform sector concern leaders Shanghai state owned enterprises Sina fund exposure platform: letter Phi lag behind false propaganda, the performance of long-term lower than similar products, how to buy funds pit? Click [I want to complain], Sina help you expose them! – reporter Chang Xianhe A recent stock market volatility continues downward trend. In the shock market, GF fund asset allocation team still maintain the PPP and SOE reform sector configuration point of view. First, in August the improvement of PMI data does not change the downward pressure on the economy in the short term, in order to maintain 6.5% of the GDP growth, fiscal policy needs to increase efforts. And in July, the central finance situation is not ideal, in this context, PPP is to increase the intensity of fiscal policy is an appropriate starting point. Secondly, the reform of state-owned enterprises in the relevant documents in the stage of accelerated landing, it is proposed to focus on SOE reform in Shanghai SOE reform related investment opportunities. In addition, part of the cycle of goods (such as coal, cement, etc.) by the replenishment of the inventory and seasonal factors, the price may be a certain upward, the same recommendations concern. For the latest August macroeconomic data, GF fund asset allocation team believes that continuous improvement in August PMI remains to be seen, especially in the steel, as the representative of the coal industry overcapacity management improvement may not last long. The main reason is that the short-term price rise makes the industry overcapacity in capacity to resume production and again, leading to productivity progress than expected, the overall overcapacity in the background without improvement, business improvement can not be sustained. Overseas markets, the evening of September 2nd, the U.S. Department of labor released data show that in August the United States added 151 thousand nonfarm payrolls, lower than expected, the unemployment rate was 4.9%, the labor force participation rate of 62.8%. Non farm payrolls data is an important reference for the Fed’s monetary policy formulation, the August non farm payrolls data is lower than the basic declaration of interest rate hike in September hopeless. GF fund asset allocation team believes that Yellen and other Fed members attitude repeatedly, is in fact expected to manage through the media, but in fact the U.S. economic recovery efforts are not enough to support the Fed rate hike. Sina said in a statement: this message is reproduced from sina Associated Media, sina.com.cn posted this article for more information to pass, does not mean that agree with their views or confirm the description. This article is for reference only and does not constitute investment advice. Investors operate accordingly, the risk of their own. Enter the Sina financial stocks] discussion相关的主题文章: