下半年政策变数较大,是否进入加息周期、股指期货能否推出、管理层是否还会运用直接针对股市的调控手段等等,这些都是我们根本无法预料的,在这种背景下,寻找市场的价值中枢则是对抗政策风险的最好办法。 In the second half of the larger policy variables, whether to enter the interest rate cycle, stock index futures can be introduced, the management will also use the direct control of the stock market and so on, which are all we can not expect, in this context, looking for The central value of the market is the best way to counter policy risks.