A shares: Tax cuts and fee reductions scare brokers, will the stock market continue to fall?

time:2022-12-02 18:18:46 source:clevelanddrifters.com author:Market analysis
A shares: Tax cuts and fee reductions scare brokers, will the stock market continue to fall?

The stock market is like life, you never know which danger or opportunity will come. When you open your arms to meet the opportunity, the opposite is the risk; when you are timid and ready to avoid the risk, the opportunity is rejected by you. Yesterday, a news of tax cuts and fee reductions in the financial industry was released. It was a good thing to reduce tariffs for investors, but it was misinterpreted as negative by the market, causing the entire brokerage sector to plummet by more than 5 points. Unable to move on the ground, there is no power to fight back, and the entire market is full of grief. The securities sector fell by more than 5% today, and market speculation may be related to the “Opinions on Further Optimizing the Business Environment and Reducing the Institutional Transaction Costs of Market Entities” that mentioned the fee reduction of securities companies. The "Opinions" are measures taken by the State Council to optimize the business environment, not specifically for the financial industry. Among them, almost all kinds of government, public utilities, associations and chambers of commerce and other institutional and license fees are involved. From the purpose of understanding the fee reduction, it can be predicted that the main object of the fee reduction is the high fees brought by the system (license), and the reasonable fees based on market principles are not expected to be strictly controlled. At the same time, the "Opinions" will promote the return of the financial industry to its essence. As the value of license bonuses declines, institutions with productization and investment capabilities will benefit. As soon as the news was released, it triggered a sell-off in the securities business sector. It seems that the water here is very deep and there are many fish. Everyone just runs for their lives and does not care about the life and death of the market at all. This round of escape has brought the market down, drove retail investors crazy, and emptied their accounts. It can be seen that, as the soul plate of the market, the role of securities companies is unmatched. Therefore, if future brokerages enter the low valuation range, don't hesitate to intervene boldly. If it breaks out, it will be an earth-shattering feat. Of course, you need to be able to take profits at high levels to avoid today's big drop. Judging from the trading volume, there has been a shrinkage today, and it can be seen that the market is very panicked and very helpless. In fact, a large number of panic plates left the field yesterday, and today is just the final closing of the net. Obviously, the effect is not great, because the person who should leave has cut the meat, and the rest are hard bones, which can be chewed, but useless. Now, instead of feeling the danger, I am extremely excited. I have gone through a catastrophe of 2860 points and a desperate situation of 3155 points, but this hardship can't beat me. Like I said, it's no surprise that I've experienced this a lot. If you see some people, I will tell you to run, and they say that the market will fall below 3000 points, 2800 points, don't look, don't ask, they are all people who are chasing up at 3400 points. Go find out the articles in the days before and after the end of April, and take a look at the comment area below. The views of retail investors are surprisingly consistent with the current ones, and they are bearish. This is human nature. Personally think that when the land volume appears, the market should also bottom out and rebound! Upvote is the biggest support for me!

(Responsible editor:Hot industry)

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