CHENGDU, Jan. 9 (NBD) -- The new energy vehicle (NEV) sector is evidently the "star" rising from the industrial development in China in the first half of 2016.

"Notification on Adjusting Financial Subsidy Policy for Popularization and Application of New Energy Vehicles" was issued on Dec. 30, 2016 and took effect on Jan. 1 this year.

How will the implementation of the new policy affect stocks of NEV sector? Will it bring about another development momentum to A-shares of NEV sector?

In response to this question, Yang Delong with First Seafront Fund said, NEV industry is the national strategic direction of China. It was heated in the first half of 2016 and then underwent great adjustment in the latter half. Judging from current big adjustment in this sector, stocks are likely to rebound. But trend opportunities haven't been seen yet.

According to Yang, the big board in NEV sector in 2016 is hardly to be repeated and stocks are more likely to rebound.

 

Email: gaohan@nbd.com.cn

Editor: Gao Han