Three New Lines Of Reference

< p > news, the SFC announced on the 9 day the first application of 10 enterprises was approved according to the statutory procedures. The SFC said that the approved enterprises and their underwriters would negotiate with the Shanghai and Shenzhen Stock Exchange to confirm the issuance schedule and publish prospectus in succession.

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< p >, because the new shares have become an outdated concept after the < a href= "http://www.91se91.com/news/index_cj.asp" > new issue /a >.

Yesterday, the new shares went down all the way, its a href= "http://www.91se91.com/news/index_cj.asp" > opening > /a > diving 0.22%, early trading has been in the low position, the midday decline was once extended to 1.2%, the late trading rebounded, but still closed at 0.8%.

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< p > the initial stock market was sharply down yesterday. For example, the price of Dongfang Tong (300379) rose from 43.68 yuan at the end of April to 70.3 yuan in June 6th, but its closing price was only 63.26 yuan yesterday. Its share price also rose from 24.30 yuan in April 22nd to 41 yuan in early May, and yesterday it closed at 33.82 yuan.

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< p > although the new stock market was in a doldrums yesterday, the IPO coming to the capital market can be expected.

Even fund companies are actively issuing some flexible allocation funds.

It is understood that a fund company in Shanghai recently set up a flexible hybrid fund. The 8 day raise period was only 3 days ahead of schedule. More than 400 million shares were raised in 3 days.

At the same time, the fund will closely link IPO to open the gate, and "open up the whole horse power" to actively fight new.

Many fund industry insiders also revealed that since the beginning of this year, many stock positions have been allocated flexibly in the 0-95% ratio.

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< p > < < a href= > http://www.91se91.com/news/index_cj.asp > > IPO > /a > opening the gate. Song Huiping, an analyst at Hongta securities Dianchi Road business department, said that the rules have been adjusted, such as "calculating the daily average market value as a new market value in 20 trading days". This will increase the number of qualified investors and the overall purchase quota. The number of investors who have the requisitions for the Shanghai and Shenzhen two exchanges and the overall purchase amount of investors can be increased a certain proportion before the adjustment. The pressure of new shares will be greatly alleviated, which will help to combat short-term speculation.

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< p > in addition, according to the adjusted market size, the trading behavior and shareholding situation of investors on a single trading day no longer have a key impact on the purchase of new shares, avoiding the unreasonable situation of investors being unable to participate in the purchase of new shares due to selling shares on T-2 day, but it also means that the winning rate or decline. Third, calculating the daily average market value as a new market value rule on 20 trading days is also conducive to long-term stock holders holding, and is more conducive to encouraging the concept of value investment.

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At the same time, CITIC Securities (600030) also issued a research report pointed out that at the beginning of the IPO restart, it is expected that the SFC will still have strict control over the proportion of the firm pfer and the over subscription, and the price and quantity of the new shares will still be controlled and artificially lowered by the regulators.

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Song Huiping suggested that investors should choose to participate in the calculation of market capitalization in the late stage of the new strategy. As a market share holder, they should ensure that their assets are secure enough. It is suggested that conservatism and conservative investors should focus on blue chip companies with low market rate, high dividend yield and stable performance. Secondly, combined with the IPO restart, the market will be at 2000 lows. Active investors can configure some of the stocks with better growth at the lower market points as the long-term market value of the new placement, pay attention to value investment, appropriately extend the holding time, and use these assets as a base to share the growth space of stock rights and interests assets.

And radical investors can also consider using credit instruments such as margin financing to raise funds levers to participate in new businesses.

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