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下半年市场上的机构博弈特征以及影响将发生较大的变化。基金与券商为主体的机构博弈虽然影响较去年有所弱化,但从长远来看,基金内部的博弈随着基金品种的多样化将日趋激烈,这种内部博弈也将成为影响市场结构的重要因素。下半年,机构博弈仍然是将宏观经济变化传导进股票市场的决定性力量,这种博弈格局将加快市场根据宏观经济进行的结构性调整。
In the second half of the year, there will be a big change in the characteristics of institutional games in the market and its impact. Although the influence of the fund and the brokerage institutions as the main body is weaker than that of last year, in the long run, the internal game of the fund will become more and more fierce with the diversification of the fund variety. This internal game will also become an important factor affecting the market structure . In the second half of the year, the institutional game is still the decisive force that will guide the macroeconomic changes into the stock market. This kind of game pattern will speed up the market’s structural adjustment based on the macroeconomy.