“十八大”闭幕之后到2013年3月“两会”召开和政府换届,这段时间将成为市场演化的重要时间窗口,并对2013年的经济运行态势、进而对证券市场产生重大影响。从政策上看,可能存在三种场景。场景一:新一轮投资周期?随着政府换届,是否会开启新一轮的投资周期?在过去的十五年中,我们都看到了这样的投资政治周期现象——“十五大”(1997年)、“十六大”(2002年)、“十七大”(2007年)会后的一年 “18 Big ” After the closing of the “March 2013” “Two sessions ” held and the government changed, this time will become an important time window of market evolution, and on the economic operation in 2013, and then on the stock market Tremendous influence. From the policy point of view, there may be three scenarios. Scenario 1: a new round of investment cycle? With the change of government, whether it will open a new round of investment cycle? In the past 15 years, we have seen such a phenomenon of political investment cycle - “Fifteen ”(1997), Year after Congress of the 16th National Congress of the Communist Party of China (2002), After the 17th Congress of the CPC (2007)