On March 21, Galaxy Securities pointed out that the recent bankruptcy of Silicon Valley Bank and the Credit Suisse crisis have caused investors to worry. At present, overseas incidents have been controlled in a timely and effective manner.
Overseas black swan incidents have little impact on A-shares. First, the business of banking stocks in mainland China is relatively stable, and the banking system is safe, so the direct impact on bank stocks is relatively small.
Second, the central bank’s RRR cut on March 17 also eased the risk of market fluctuations, which will effectively boost market confidence. The impact of economic risks in the United States is relatively small. In the context of global economic risks that have not yet been cleared, China’s economic recovery has actually Make A shares more attractive.
Third, the overall valuation of A-shares and related mainline sectors is not high, at a historically low-to-middle level, and will be less affected by short-term overseas shocks. Therefore, there is no need to worry too much about overseas risks.