牛市旗手再度大涨，易会满发言提振士气行业转折点到来？

券商中国2021-05-25

券商股集体拉升，这次上涨与之前有何不同？5月24日，券商指数高开后震荡拉升，午后略有回落，横盘震荡直至收盘，收涨1.90%，成交额360亿元，较前一个交易日明显放大。公开数据显示，券商板块全天主力资金净流入27.98亿元，位居所有行业板块第一。券商股大涨与上周末证监会主席易会满的讲话不无关系，易会满5月22日在中国证券业协会第七次会员大会上定调证券行业高质量发展方向，就证券业高质量发展提出建议。...

网页链接

免责声明：本文观点仅代表作者个人观点，不构成本平台的投资建议，本平台不对文章信息准确性、完整性和及时性做出任何保证，亦不对因使用或信赖文章信息引发的任何损失承担责任。

精彩评论

Zongzi_xin
2021-05-25
Zongzi_xin
加油张涨涨[微笑] [微笑] [微笑] [微笑]
- Daniel_bao:
  哈哈哈 [微笑] [微笑] [微笑] [微笑]
- Daniel_bao:
  不错不错哦
Daniel_bao
2021-05-25
Daniel_bao
张涨涨[微笑] [微笑] [微笑]
- Zongzi_xin:
  [微笑] [微笑] [微笑] [微笑]
- Daniel_bao:
  谢谢 [微笑] [微笑] [微笑]

发表看法

{"i18n":{"language":"zh_CN"},"isChannel":false,"data":{"share":"https://www.laohu8.com/m/news/2138063151?lang=zh_CN&edition=full","thumbnail":"https://static.tigerbbs.com/20427cfe1c72c77fc2473ea3647fafb8","is_english":false,"pubTime":"2021-05-25 09:13","share_image_url":"https://static.laohu8.com/b0d1b7e8843deea78cc308b15114de44","id":"2138063151","market":"hk","top_or_hot":-1,"title":"牛市旗手再度大涨，易会满发言提振士气行业转折点到来？","media":"券商中国","content":"<div>\n<p>券商股集体拉升，这次上涨与之前有何不同？5月24日，券商指数高开后震荡拉升，午后略有回落，横盘震荡直至收盘，收涨1.90%，成交额360亿元，较前一个交易日明显放大。公开数据显示，券商板块全天主力资金净流入27.98亿元，位居所有行业板块第一。券商股大涨与上周末证监会主席易会满的讲话不无关系，易会满5月22日在中国证券业协会第七次会员大会上定调证券行业高质量发展方向，就证券业高质量发展提出建议。...</p>\n\n<a href=\"https://finance.sina.com.cn/stock/zqgd/2021-05-25/doc-ikmyaawc7290916.shtml\">网页链接</a>\n\n</div>\n","source":"sina","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>牛市旗手再度大涨，易会满发言提振士气行业转折点到来？</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n牛市旗手再度大涨，易会满发言提振士气行业转折点到来？\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-25 09:13 北京时间&nbsp;&nbsp;&nbsp;<a href=https://finance.sina.com.cn/stock/zqgd/2021-05-25/doc-ikmyaawc7290916.shtml><strong>券商中国</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>券商股集体拉升，这次上涨与之前有何不同？5月24日，券商指数高开后震荡拉升，午后略有回落，横盘震荡直至收盘，收涨1.90%，成交额360亿元，较前一个交易日明显放大。公开数据显示，券商板块全天主力资金净流入27.98亿元，位居所有行业板块第一。券商股大涨与上周末证监会主席易会满的讲话不无关系，易会满5月22日在中国证券业协会第七次会员大会上定调证券行业高质量发展方向，就证券业高质量发展提出建议。...</p>\n\n<a href=\"https://finance.sina.com.cn/stock/zqgd/2021-05-25/doc-ikmyaawc7290916.shtml\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"399001","symbol_name":"深证成指","start_time":0,"source_url":"https://finance.sina.com.cn/stock/zqgd/2021-05-25/doc-ikmyaawc7290916.shtml","article_id":"2138063151","we_media_id":null,"thumbnails":["https://static.tigerbbs.com/20427cfe1c72c77fc2473ea3647fafb8"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2138063151","pubTimestamp":1621905196,"columns":[],"sourceInfo":{"source_id":"sina","name":"sina"},"weMediaInfo":null,"summary":"一顶级游资爆买券商龙头1个亿。　　原标题“牛市旗手”再度大涨，主力资金也在抢筹！易会满周末发言提振士气，行业转折点到来？　　券商股大涨与上周末证监会主席易会满的讲话不无关系，易会满5月22日在中国证券业协会第七次会员大会上定调证券行业高质量发展方向，就证券业高质量发展提出建议。　　券商股大涨与上周末证监会主席易会满的讲话不无关系。","collect":0,"end_time":0,"defaultTopTitle":"sina.com.cn","property":[],"viewcount":null,"language":"zh","relate_stocks":{"399001":"深证成指","399006":"创业板指","000001.SH":"上证指数"},"translate_title":"Bull Market Flag Bearer Rises Again, Yi Huiman Speaks to Boost Morale Industry Turning Point Arrives?","themeId":null,"isJumpTheme":false,"ttsUrl":"https://static.tigerbbs.com/83705b00453aa52d6f6845d7b80a5854","symbols_score_info":{"399001":0.9,"399006":0.9,"000001.SH":0.9},"content_text":"券商股集体拉升，这次上涨与之前有何不同？5月24日，券商指数高开后震荡拉升，午后略有回落，横盘震荡直至收盘，收涨1.90%，成交额360亿元，较前一个交易日明显放大。公开数据显示，券商板块全天主力资金净流入27.98亿元，位居所有行业板块第一。券商股大涨与上周末证监会主席易会满的讲话不无关系，易会满5月22日在中国证券业协会第七次会员大会上定调证券行业高质量发展方向，就证券业高质量发展提出建议。周末以来，多家研究机构对券商股投资机会进行研判分析，多家机构普遍认为，券商板块估值回落后存在高估值业务（财富+资管+衍生品）的长期提升逻辑，短期存在业绩或将上行的趋势。值得注意的是，券商板块作为“牛市旗手”，每次异动都能引发市场重点关注。5月14日，证券指数大涨逾7%，随后几日券商板块也出现多次拉升，不断挑逗市场情绪。不少机构认为，近期市场流动性充沛、利率往下、大宗商品价格下行、打击虚拟货币等均在策略角度利好券商股。券商股再度大涨5月24日，A股券商股集体拉升，其中，次新股财达证券延续大涨态势，日涨幅9.89%；中国银河盘中一度涨停，收盘涨8.23%；中金公司涨6.10%，光大证券、招商证券、国金证券、中银证券、长江证券、中信建投、东方财富等涨幅靠前。另外，截至收盘，券商ETF（512000）涨2.07%，成交额11.95亿元。券商股大涨与上周末证监会主席易会满的讲话不无关系。上周六，易会满在中国证券业协会第七次会员大会上定调证券行业高质量发展方向，就证券业高质量发展提出建议：一是坚定贯彻落实新发展理念，肩负起优化融资结构、激发经济活力、培育创新动能的历史使命，加大服务产业结构转型升级的力度。二是聚焦实体经济提升服务能力，加大直接融资支持力度，主动适应发展更多依靠创新、创造、创意的大趋势，围绕实体经济需要优化业务结构、提升服务质量、创新产品工具。三是坚持走专业化发展之路，适应注册制要求，加快从通道化、被动管理向专业化、主动管理转型，切实提升保荐、定价、承销等核心能力。四是持续强化风控能力和合规意识，坚持稳字当头、稳中求进。五是切实提升公司治理的有效性，进一步优化股权结构，厘清股东资质，规范股东行为，做到股东不缺位、不错位、不越位。整体来看，新的发展阶段对证券行业提出了新的更高要求，证券行业将以自身的高质量发展助力资本市场高质量发展，为经济社会发展积极贡献力量。易会满在讲话中要求证券行业进一步发挥财富管理作用，助力增强广大投资者的获得感。监管将“服务居民财富管理需求”和“服务实体经济”进行了并列表述。他还提出三个方向与券商股投资机会相关：一是专业化与规模的关系，监管更鼓励专业化、精品化券商，而非以规模导向的航母级证券公司，预计未来在精品化、专业化券商的监管上将有更多的监管支持；二是稳定与创新的关系，依然强调稳中求进的思路，预计头部券商的竞争优势有望延续；三是长期与短期激励的关系，强调要纠正过度激励、短期激励的不良风气，预计未来头部券商及有望推动员工持股的券商在吸引人才方面更具竞争优势。券商股估值正在修复周末以来，多家研究机构对券商股投资机会进行研判分析，基本面和估值优势被多家机构提及。天风证券研报认为，近期市场流动性充沛、利率往下、大宗商品价格下行、打击虚拟货币等均在策略角度利好券商股。并且券商存在高估值业务（财富+资管+衍生品）的长期提升逻辑，短期存在业绩或将上行的趋势，另外龙头的各种优势正在明显扩大。值得一提的是，天风证券指出，券商股业绩与估值已出现明显背离，业绩自2018年底已明显提升，但估值并未明显提升，这与国家对资本市场新定位的变化不符。比如，2021年沪深两市日均成交金额为8858亿元，较20年同期增长14%。日均两融余额16696亿元，较20年全年日均两融余额增加29%。当前券商板块估值水平调整回落至1.67倍。统计范围内的42家上市券商中，31家上市券商的PB估值在历史25%分位数以下。东吴证券研报认为，长期政策催化行业估值提升，当前板块估值仍处于相对低位，具有显著配置价值。长期来看，一系列制度变革陆续推进，资本市场改革、金融市场对外开放、基金投顾试点等持续深化，推动行业竞争格局变化和长期ROE中枢提升，券商α明显提升，当前行业估值仍处于低位，具有显著配置价值。国君证券研报认为，从券商基本面来看，无论是20年还是21Q1业绩增速均在30%左右，自身信用风险也在不断下降，但股价持续低迷，这与市场对不确定性较高的股票偏好程度较低有关。券商股持续下跌的原因不在行业基本面而在市场对不确定性的偏好程度。“随着各类经济数据的披露，市场对于货币、政策等分歧正在显著收敛，外部不确定性的下降利好券商板块估值的修复。”基于以上逻辑，国泰君安继续建议增持券商板块，尤其是行业内的专业能力更强的券商。中信建投证券研报认为，券商板块短期内将呈磨底反弹走势，长期内政策催化剂可期，适宜左侧布局。当前券商板块市盈率（18.8倍）相当于2018年熊市底部震荡区间，市净率（1.57倍）位于2019年底部震荡区间，板块估值的下行空间有限。短期来看，货币政策方面，央行一季度货币政策报告延续“货币供应量和社会融资规模增速同名义经济增速基本匹配”的观点，降息降准的可能性较小，对券商板块影响偏中性；监管政策方面，投资者已普遍认为主板注册制较难在年内落地，本周易会满主席就证券业高质量发展的讲话有望提振券商板块交易情绪，对券商板块影响偏积极。全年来看，2021年资本市场改革有望持续推进，单次T+0交易、科创板引入做市商制度等制度均可期待，进一步加大开放、引导中长期资金入市、发展私募股权基金等措施有望推出，为券商板块提供向上催化剂。中信建投证券建议投资者重点关注两类券商。一是头部券商，在培育航母级券商的政策导向下，头部券商将在财富管理、投资银行、衍生品交易等领域集聚市场资源，长期成长性占优；二是具备细分领域核心竞争力的精品券商，此类券商有望走出差异化的发展道路，实现市场份额的逆势提升。","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1,"need_auth":false,"code":"91000000","status":"200"},"commentList":[{"id":138115822,"gmtCreate":1621917177266,"gmtModify":1634185502408,"author":{"id":"3582886189119499","authorId":"3582886189119499","name":"Zongzi_xin","avatar":"https://static.tigerbbs.com/5c64ded7a73c4b69648caff1c81d5683","vip":1,"crmLevel":11,"crmLevelSwitch":0,"idStr":"3582886189119499","authorIdStr":"3582886189119499"},"htmlText":"加油张涨涨[微笑]&nbsp;[微笑]&nbsp;[微笑]&nbsp;[微笑]&nbsp;","listText":"加油张涨涨[微笑]&nbsp;[微笑]&nbsp;[微笑]&nbsp;[微笑]&nbsp;","text":"加油张涨涨[微笑] [微笑] [微笑] [微笑]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/138115822","repostId":2138063151,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4440765,"gmtCreate":1621917326990,"gmtModify":1635399893202,"authorId":3582075602912414,"author":{"id":3582075602912414,"idStr":"3582075602912414","authorId":3582075602912414,"name":"Daniel_bao","avatar":"https://static.tigerbbs.com/013e1ddf403635b11f90f297ca14f63f","vip":1,"crmLevel":11,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":138115822,"type":1,"supId":0,"prevId":0,"content":"哈哈哈 [微笑] [微笑] [微笑] [微笑]","text":"哈哈哈 [微笑] [微笑] [微笑] [微笑]","html":"哈哈哈 [微笑] [微笑] [微笑] [微笑]"},{"id":4443134,"gmtCreate":1621935626472,"gmtModify":1635399711745,"authorId":3582075602912414,"author":{"id":3582075602912414,"idStr":"3582075602912414","authorId":3582075602912414,"name":"Daniel_bao","avatar":"https://static.tigerbbs.com/013e1ddf403635b11f90f297ca14f63f","vip":1,"crmLevel":11,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":138115822,"type":1,"supId":0,"prevId":0,"content":"不错不错哦","text":"不错不错哦","html":"不错不错哦"}],"langContent":"CN"},{"id":138118652,"gmtCreate":1621916934276,"gmtModify":1634185505407,"author":{"id":"3582075602912414","authorId":"3582075602912414","name":"Daniel_bao","avatar":"https://static.tigerbbs.com/013e1ddf403635b11f90f297ca14f63f","vip":1,"crmLevel":11,"crmLevelSwitch":0,"idStr":"3582075602912414","authorIdStr":"3582075602912414"},"htmlText":"张涨涨[微笑]&nbsp;[微笑]&nbsp;[微笑]&nbsp;","listText":"张涨涨[微笑]&nbsp;[微笑]&nbsp;[微笑]&nbsp;","text":"张涨涨[微笑] [微笑] [微笑]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/138118652","repostId":2138063151,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4440735,"gmtCreate":1621917165383,"gmtModify":1635399895915,"authorId":3582886189119499,"author":{"id":3582886189119499,"idStr":"3582886189119499","authorId":3582886189119499,"name":"Zongzi_xin","avatar":"https://static.tigerbbs.com/5c64ded7a73c4b69648caff1c81d5683","vip":1,"crmLevel":11,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":138118652,"type":1,"supId":0,"prevId":0,"content":"[微笑] [微笑] [微笑] [微笑]","text":"[微笑] [微笑] [微笑] [微笑]","html":"[微笑] [微笑] [微笑] [微笑]"},{"id":4443138,"gmtCreate":1621935657235,"gmtModify":1635399711526,"authorId":3582075602912414,"author":{"id":3582075602912414,"idStr":"3582075602912414","authorId":3582075602912414,"name":"Daniel_bao","avatar":"https://static.tigerbbs.com/013e1ddf403635b11f90f297ca14f63f","vip":1,"crmLevel":11,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":138118652,"type":1,"supId":4440735,"prevId":0,"content":"谢谢 [微笑] [微笑] [微笑]","text":"谢谢 [微笑] [微笑] [微笑]","html":"谢谢 [微笑] [微笑] [微笑]"}],"langContent":"CN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":9,"commentSize":2,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":false,"tenantId":"TBCN","deviceId":"web-server-community-laohu8-v3","version":"4.36.2","shortVersion":"4.36.2","platform":"web","vendor":"web","appName":"laohu8","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2138063151","isCrawlerRequest":true}