Companies set for good harvest from growth plan
which is highlighted in the report, will benefit not only enterprises which have core interests in directly reducing emissions and improving air and water quality, but will also help drive sales of equipment and facility providers of environment data monitors, said a research note from Guangfa Securities Co.
“Environmental protection is in alignment with reducing excessive capacities, which will influence sectors of steelmaking, coal mining, cement-making and others which have a significant effect on the environment. Reaffirming protection and improving environment will benefit sectors which have stronger capacities to shift fast to a greener model,” said a research note from Huatai Securities Co.
Oriental Securities Co said a series financing and fiscal measures and policy-making, will help develop the agricultural sector, particularly those companies with high capacity in research and development of agricultural machines, fertilizer and farming technology.
“It is reaffirmed that the agriculture sector needs to push forward supply-side reform. We expect there will be more detailed policies to be introduced to support innovation in technology and mechanisms to further improve efficiency of the farming industry,” said the note.
Meanwhile, the Chinese mainland stock market posted a three-week high in gains on Monday on clear signals from economic growth targets, and positive views over growth.
The benchmark Shanghai Composite Index gained 0.8 percent to 3,237.02 points while the blue-chip CSI 300 Index rose 0.9 percent to 3,458.10.
On Sunday, Li Wei, director of the Development Research Center of the State Council, said the economy has been moving through an “L-shaped” pattern, and is now on the “horizontal” growth side.