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“国家队”救市成绩单:大家都赚钱了 基金完胜券商
2017-09-03 09:25:51 中国经济网
2015年年报统计显示,证金公司和汇金资管公司一共持有流通股票总市值为9053.73亿元。
“救市”资金总额有多少?至今尚没有官方数据。公开资料显示,2015年7月A股异常波动期间,证金公司获得充足流动性支持,从商业银行、券商、保险、基金等获得大批“救市”资金。证金公司资金来源包括券商以净资产出资、银行间市场拆借、银行授信(包括已发贷款)以及公司债和短期融资券等。
关于证金借款细节目前尚没有官方的披露。数据显示,2015年7月金融机构负债同比增速快速上升超过30%。在2015年7月中旬之前,已有17家商业银行借予证金公司共计1.3万亿元资金。而据彭博报道,2015年证金公司获得包括中国央行在内机构提供的2.5万亿至3万亿元资金支持,以应对股市波动。资金将用于向券商提供流动性支持、购买股票和基金以稳定市场等,资金支持的具体规模是不断变化的。
证券咨询机构广州万隆认为,从持仓情况看,当前持有权重蓝筹股的资金主要是以国家队为代表的救市资金为主。从时间窗口来看,市场普遍预计“十九大”之前A股行情仍会维持平稳。
九州证券首席经济学家邓海清表示,证金公司可以类比为中国版的“平准基金”。证金公司从2015年股市异常波动开始成为新的“国家队”,其买卖股票的初衷确实是“平准基金”的定位。从国际惯例看,平准基金应当是“市场稳定器”:平准基金通常是指政府通过特定的机构以法定的方式建立的基金,通过对某个具体市场的逆向操作,降低非理性的市场剧烈波动,以达到稳定该市场的目的。邓海清认为,中国版“平准基金”却似乎已经成为了“牛市发动机”,需要更加理性的引导市场。
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