The Fund First Hits The New Gem.

In May 17th, Yin Zhijie, Kang Zhi pharmaceutical, Tsuen Ag hi tech and Changxin technology 4 gem IPO announced the online purchase and offline placement. It is noteworthy that, according to the announcement of the high tech bank of Tsuen Yin, due to the lack of funds for purchase, Haitong fund's "one to many" special product of Fu Haitong is leading the growth of the asset management plan. The fund is the first to start the new gem.

As a matter of fact, since the opening of new shares last year, various fund companies have launched new oolong.

9 new stock subscription funds are now playing new "Oolong".

In July last year, since the fund was first hit by the new fund, the 9 new shares have been in the same situation as of May 17th this year. These include 5 major board stocks, including Cheng Cheng Yu, China Construction, China National Tourism, gas and electric appliances, and 3 small and medium board stocks of new century, Guang sun technology and Kangli elevator.

The most serious thing that happened to the fund was the purchase of China's Ctrip's online purchase in September last year. All 3 fund companies, including merchants, Zhonghai and bosun, all failed to apply for the purchase. Of these 3 funds, the 4 social security funds entrusted to manage the purchase and 2 applications for the enterprise annuity plan were invalid. The reason was that they had paid but did not submit the purchase order on the purchase platform.

According to incomplete statistics from reporters, 13 funds, including China Merchants Fund, Zhonghai fund and Guangdong Development Fund, have set foot in them, while merchants and Changsheng funds have been fighting two new games.

Among them, the social security 705 and social security 405, which were managed by the Changsheng fund, applied for the purchase of small and medium sized Board Companies in the new century and the light and fast technology. In September last year, the investment and bond fund was purchased by China International Travel Service. After participating in the purchase of conli elevator in March this year, it was unthinkable that the purchase was invalid due to insufficient funds.

There are two main reasons for the fund's new "Oolong".

Insiders pointed out that, generally speaking, the reasons for the invalidation of fund purchase are mainly divided into two categories: first, they have already paid the subscription but failed to submit the purchase information; two, the purchase funds are insufficient.

According to the explanation given by GF fund after the purchase of "GG" is invalid, "at present, the purchase operation controls adopted by the fund company are divided into the Shanghai Stock Exchange and the Shenzhen Stock Exchange, and the" ekey manager "of the Shenzhen Stock Exchange will interfere with the operation of the electronic platform under the Shanghai Stock Exchange's IPO network, making the submitted purchase declaration invalid. However, there are also fund companies that focus on the purchase of new shares, the researchers said. "In this case, the fund companies are to blame. After all, only a few companies have such cases." In contrast, there are second situations: "insufficient funds to purchase" it is difficult to exclude the relevant behavior of fund companies' subjective behavior. According to the relevant regulations after the reform of the IPO system, the institutional investors who participate in the online purchase can only take part in the payment of 20% instead of 100%. If a fund is not signed up, it will become invalid.

Once again, the organization gains new benefits.

Recalling the previous trend of the new shares of the fund, the stock prices of Chinese New Zealand and new century and light technology listed 3 months later, and their share prices all went up to a certain extent. After the selling period, the fund and other distributors have been able to throw their profits. From this point of view, the relevant fund companies that hit the new Ukrainian dragon lost the opportunity to earn profits.

In May 11th, Jiaxin silk was released on the same day, and the two GEM stocks of digital video and GQY broke down the next day, which made the fund based institutions again question mark by playing new benefits. An obvious example is that Huatai Securities, which was listed in February 26th this year, fell all the way in April 20th after breaking through the issue price of 20 yuan. As of May 17th, the stock closed at 14.91 yuan, a high-profile participation in the new Huaxia Fund has been deeply set.