Blue-Chip Era: Investment Strategy for the Chinese Securities Market in 2004

Author: Liu Huimin, Editor-in-Chief
Publisher:
Publish Date: 2004-03-01
Features: Through an analysis of the macroeconomic situation, securities market policies, and the evolution trend of industrial structures, Guotai Junan Research Institute believes that the securities market in 2004 will completely break free from the bear market and enter a new era of large-cap stocks, with value investment remaining the main theme of the stock market in 2004. The two major factors—fixed asset investment and industrial structure upgrading—have jointly propelled China's economy into an expansionary phase of the medium-to-long cycle. Cyclical industries have already taken the lead, making it advisable to seize the industry boom cycle and select industry leaders as the best investment choice. State-owned capital reform and the reduction of state-owned shares also imply significant market opportunities. Under these circumstances, determining the corresponding investment themes and strategies has become the key to investors achieving excess returns. The book presented to the readers is Guotai Junan Research Institute's latest research findings on investment strategies for the securities market in 2004. The book is divided into three parts: Investment Strategies for the A-share Market in 2004, Investment Strategies for Bonds and Related Markets in 2004, and Industry Investment Strategies. It includes more than 30 articles.