On August 7, the A-share market fluctuated upward, and the GEM index led the rise. By the midday close, the GEM index had risen 1.75% and the Shanghai index had risen 0.49%. In this context, the low-dividend ETF Huatai Berry fell 0.86% and closed at noon at 1.156 yuan, with a turnover rate of 1.39%. The half-day turnover reached 447 million yuan, ranking first among similar ETFs. According to the news, major state-owned banks and a number of joint stock banks have recently restarted issuing 5-year large deposit certificates, and local small and medium-sized banks are also intensively launching large-value deposit products at the same time. Comparatively, the interest rate advantage of small and medium-sized banks is obvious, but the longest product period is 3 years, and the overall period is mainly short to medium. Yan Xiang, chief economist at Fangzheng Securities, believes that for Chinese assets, tightening external liquidity may cause equity assets to face adverse effects such as valuation pressure and increased volatility, but for A-shares, changes in external liquidity are not a decisive force in the direction of the market; domestic policy orientation and fundamentals are the core factors that dominate the A-share trend. For future market allocation, it is recommended to lay out a direction with strong fractional profit to hedge against valuation pressure, or allocate assets with outstanding defensive properties that can provide stable cash returns to cope with fluctuations. The focus is on three major directions: one is the field of technology and high-end manufacturing, which has a global competitive advantage; the second is the resource sector, which benefits from the logic of price increases; and third, undervalued and high-dividend dividend assets with defensive attributes. Zhongtai Securities pointed out that the current market winner or loser still lies in the global AI cycle. The market is shaking and bottoming out before mid-August, and the release of liquidity before the first meeting between China and the US dollar at the end of September is expected to drive the market. To prevent retracement in the short term, focus on energy, construction machinery, and power equipment in dividend stocks that are closely related to core assets made in China. Investors can use the low-dividend ETF Huatai Berry as a base position, and investors without a stock account can also allocate it through its OTC linked fund.

On August 7, the A-share market fluctuated upward, and the GEM index led the rise. By the midday close, the GEM index had risen 1.75% and the Shanghai index had risen 0.49%. In this context, the low-dividend ETF Huatai Berry fell 0.86% and closed at noon at 1.156 yuan, with a turnover rate of 1.39%. The half-day turnover reached 447 million yuan, ranking first among similar ETFs. According to the news, major state-owned banks and a number of joint stock banks have recently restarted issuing 5-year large deposit certificates, and local small and medium-sized banks are also intensively launching large-value deposit products at the same time. Comparatively, the interest rate advantage of small and medium-sized banks is obvious, but the longest product period is 3 years, and the overall period is mainly short to medium. Yan Xiang, chief economist at Fangzheng Securities, believes that for Chinese assets, tightening external liquidity may cause equity assets to face adverse effects such as valuation pressure and increased volatility, but for A-shares, changes in external liquidity are not a decisive force in the direction of the market; domestic policy orientation and fundamentals are the core factors that dominate the A-share trend. For future market allocation, it is recommended to lay out a direction with strong fractional profit to hedge against valuation pressure, or allocate assets with outstanding defensive properties that can provide stable cash returns to cope with fluctuations. The focus is on three major directions: one is the field of technology and high-end manufacturing, which has a global competitive advantage; the second is the resource sector, which benefits from the logic of price increases; and third, undervalued and high-dividend dividend assets with defensive attributes. Zhongtai Securities pointed out that the current market winner or loser still lies in the global AI cycle. The market is shaking and bottoming out before mid-August, and the release of liquidity before the first meeting between China and the US dollar at the end of September is expected to drive the market. To prevent retracement in the short term, focus on energy, construction machinery, and power equipment in dividend stocks that are closely related to core assets made in China. Investors can use the low-dividend ETF Huatai Berry as a base position, and investors without a stock account can also allocate it through its OTC linked fund.