Financial news
Written by: Zhang Weilun
2020-02-04 20:43
Last updated: 2020-02-04 20:43Ba Shusong, chief economist of the China Banking Association, pointed out in an interview with the mainland media that taking into account the epidemic situation and government control, it is expected that the impact of the Wuhan pneumonia epidemic on the Chinese economy will be short-lived. Panic has led to psychological spread, so the core of market stabilization is the confidence to stabilize the subsequent growth of the economy and the confidence of the government's governance capacity.
He suggested that the economic cost of epidemic control can be reduced economically, and normal production activities outside Hubei should be resumed as soon as possible. At the market level, short-term adjustments are inevitable. The smooth trading of derivatives such as stock index futures and options can reduce selling pressure on stocks, including A shares. Deregulation of derivatives and the development of related derivatives on the Hong Kong stock market to support Hong Kong Stock Connect investors' risk hedging needs.
He also photographed that during the A-share market break, the overseas market has been quite adjusted. If the Chinese stock market is closed for too long, the cumulative risk is greater, so the opening of the A-share market is correct, and it can also release market risks. The service industries such as hotels, tourism, aviation, and business have had a greater impact.
Wuhan pneumonia Ba Shusong