Issuing New Shares Will Damage The Interests Of Small And Medium Investors.

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The Xiaobian of the network introduces the issue of new shares, which is harmful to the interests of small and medium-sized investors.

The total number of new shares issued in July will not be stressful to the market in July.

But 11 of the 12 new shares will be distributed on 23 and 24 days, which will bring obvious short-term impact to the market.

A few days ago, the SFC approved the second issue of 12 new issues in the 100 issue plans.

According to the arrangement, 11 of the companies will be scheduled to be issued on Wednesday (July 23rd) and Thursday (24) respectively, issuing 6 and 5 new shares.

Such an arrangement is obviously not appropriate, and it is not a good situation. It has a negative impact on the stock market and even damages the interests of the small and medium-sized investors.

It can be said that there is a deviation in the idea of IPO issuing and management in the recent period.

In order to overcome the IPO phobia in the A share market and stabilize market expectations, Xiao Gang, chairman of the securities and Futures Commission, made clear in mid May this year that from June to the end of the year, it plans to issue about 100 new stocks, and issue a listing on a monthly basis.

In July 4th, a spokesman for the securities and Futures Commission, Deng Ge said once again that no more than 20 new shares could be issued in the second half of the year.

To this end, the Commission has arranged 12 new shares to be issued in July.

The total number of new shares issued in July will not be stressful to the market in July.

But 11 of the 12 new shares will be distributed on 23 and 24 days, which will bring obvious short-term impact to the market.

The impact of this way of issuing new shares to the market is obviously negative.

An obvious fact is that after the arrangement of the 12 new shares, the stock market went out of the callback trend on the 16 and 17 days two days.

The stock market clearly felt the pressure from issuing new shares.

Although the initial financing of 12 IPO companies does not exceed 4 billion yuan, it will not bring pressure to the market, but in the context of investors' "nationwide fight against new challenges", 11 companies will be locked in a new stock of about 800 billion yuan, which is equivalent to the 4 and 5 day trading volume of the A share market.

And this lock of funds, part of it is through investors "sell old stocks to fight new shares".

And the result of investors selling the old stocks will naturally trigger the volatility of the stock market and bring pressure on the rise of the stock market.

Therefore, the issuance of new shares has brought unnecessary shocks to the stock market.

Moreover, the issue of new shares is a damage to the interests of the small and medium-sized investors.

Judging from the recent performance of new listings, anyone who can sign new shares will have an opportunity to gain risk-free returns.

Therefore, the ability to sign new shares has become the wish of all new investors. Investors will also join the "fight for new" because of the huge profit effect of new shares.

But the issue of new stocks is obviously small and medium-sized.

A deprivation of the opportunity to fight new opportunities.

Although there are public opinion that new shares are expected to raise the winning rate of new shares, the success rate is at the expense of new opportunities for small investors.

Under the new way of "placing the proceeds after the first payment", the small investors with limited funds can only be forced to give up the purchase of more new shares and leave the chance of winning the lottery to institutional investors.

Therefore, further speaking, the essence of issuing new shares is to sacrifice the interests of small and medium-sized investors and pfer interest to institutional investors.

Therefore, starting from maintaining market stability and starting from protecting the interests of small and medium-sized investors, the issue of new shares should avoid the way of distributing together, and adopt balanced issuance.

For example, the weekly Monday and Zhou Siding will be issued on the new issue date, each issuing day will arrange an IPO for each Shanghai and Shenzhen Stock Exchange, and investors will continue to fight new money on Thursday on Monday.

Such an arrangement will not only alleviate the impact of IPO on the market, but also better protect the interests of small and medium investors.

Of course, from a deeper level of reform,

In the new link of the issue, it is more necessary to replace the "market value purchase" with the "market capitalization". When the investor hits the new market, he first signs the bill and then pays the bill.

This is more conducive to reducing the impact of IPO on the market and more conducive to protecting the small and medium-sized investors.