Domestic New Shares To Fight Abroad, Ali Raised Funds To Fight The New "Two-Way Take-Off"

In recent years, there has been a lot of controversy both inside and outside the circle. Some people feel that under the background of the new call back mechanism, the new revenue is no longer the same.

The attraction of walking cattle is no longer attractive.

However, according to a research report of a fund company in Shanghai, it is estimated that the new rate will bring more than 10% of the annual yield to the public fund.

If so, the fund's new strategy is still a profitable business.

National day seven days long vacation is coming, the A share market has not been as calm as people expected, another round of small peak issued unexpectedly. In the countdown of second weeks in September, a total of 12 new shares issued, of which about 8 announced the success rate and the results of offline distribution.

Data show that the winning rate has reached a new low in the year, with a net success rate of 0.14% under the average network, and the lowest one in this is just 0.09%.

According to statistics obtained by China economic net reporter's relevant media, finally, more than 200 funds of 44 fund companies were successfully allocated. Further analysis showed that the total number of funds allocated to new shares totaled more than 10 of the fund companies, and 11 of the three fund companies, including China, China, silver and harvest, were 26, 22 and 21 respectively.

Jin Ying, Tian Zhi, Xin Hua, Xincheng, Xinda, Australia, Xingye, Changsheng and other 7 fund companies took part in the inquiry of some of the new shares, but in the end they got nothing.

In this round of new results announced, several companies' performance is very "eye-catching".

For example, the Harvest Fund participated in the inquiry of 5 new shares, all hit, the success rate was 100%; the Bank of China fund participated in the inquiry of 6 new stocks, hit 5 of them; the success rate of the Chinese fund was slightly lower, and participated in 8, 5 hit.

From another point of view, in the 8 new shares announced, except for the design shares, the Sino European Fund hit the remaining 7 new shares, which is among the leading companies in all public fund companies, such as the growth preference in Central Europe, the new trend in Central Europe, the new blue chip in Central Europe and so on.

As far as the single fund is concerned, the two growth funds in China and Europe have the largest number of new funds in the current round, and the former has 7 new shares, while the latter has 6 new shares.

Reporter noted that the interesting point is that in the list of funds allocated to 5 new shares, 3 funds are under the door of the Bank of China fund, namely, the Multi Strategy flexible configuration of the Bank of China, the continuous growth of BOC and the guarantee of the Bank of China.

So, whether the new shares have brought real benefits to the related funds? Here, taking the latest growth of China's European Union in the latest round of 7 new shares, for example, incomplete statistics show that the fund has hit 27 new shares this year, including Haitian flavor industry, Huijin shares, Fubon shares and so on. Among them, the fund has the largest share of Fubon shares, the fund has been allocated 1 million 358 thousand and 600 shares, and Fubon shares have correspondingly become the first big heavyweight stock in China and Europe.

According to statistics from Wan De, after the listing of Fubang shares, a sharp upward rush began. After the first day of the listing, the stock market even pulled eight "one tablet" trading limit. The stock price at the highest time was 2.5 times that of the original issue price, becoming the largest contribution to the net value of all the new shares.

In fact, the biggest contribution to performance is the Great Wall's Jiu Li Bao. According to the statistics of some media, the net value of the fund has increased by about 34% this year, of which about half of the contribution from new ventures has been achieved.

In this regard, a fund analyst in Beijing said that the fourth quarter is facing an annual closing soon. The new net value contribution and the increase in the two tier market are the decisive factors for the two relationships.

Perhaps in the autumn of October, the new last supper will be staged in the year.

In fact, a little earlier than the current round of Ali's new development, Ali successfully landed on the NYSE to induce the butterfly effect, and the names of many fund companies were also "flashed" in the matching list.

China News Network reporter comprehensive information sources in recent days, the final result, in the participation of new fund companies, Huaxia Fund was allocated the largest amount, a total of 20 million dollars of new stock placement, Huaxia capital received 1 million 600 thousand U. S. dollar quota; huitianfu overseas fortune 11 asset management plan under the amount of $28 million, 70 thousand shares allotment, 4 million 760 thousand US dollars, the proportion of 17%; and Bo time fund and financing fund were allocated 5 million yuan, about 2000000 U. S. dollar quota.

In fact, most of the shares were sold to investors in the United States during the Alibaba group's $25 billion "new" feast, while the domestic institutions were in the minority.

According to the understanding of the Chinese press, in the competition between the mainland and the overseas countries, to some extent, the mainland's institutions were only a little "scraps".

Dozens of super large public funds such as fidelity and BlackRock have placed more than $one billion in orders, and nearly 2000 institutional investors have subscribed.

The final placement is that the shares allocated to the top 25 large institutional clients account for 50% of the allotment shares. At the same time, a strong contrast is that 50% of the accounts are allocated zero.

In mainland China, China life was allocated $150 million to become the last winner.

By contrast, the maximum amount of $20 million raised by public funds is only a fraction of China Life Insurance.

It is worth noting that the new rules for playing abroad are different from those of A shares.

A person familiar with the matter said that the US stock IPO is not a draw but a division by the lead underwriter, and the issuer has the right to decide to assign it to a specific investor.

In Ali's placement, opinions from Alibaba are definitely stronger than investment banks, and even have one vote.

Ali made a statement as far as possible to conservative pricing, in return for more long-term value investors to enter the stock market, stabilize the stock price.

Therefore, Ali is more inclined to long-term institutional investors.

However, it is quite surprising that the top five large fund companies in mainland China failed this time.

China economic news reporter also noted that the fund company has even launched a number of special focus on Ali to fight the new special management plan, the relevant analysis pointed out that the above plans are mostly retail customers, the closure period is only 3 months, which is likely to be an important reason why overseas underwriters and listed companies are reluctant to give their new shares quota.

In fact, overseas new competition will be more risky than the mainland's new risk-free arbitrage.

In this regard, Qian Jing wealth research center researcher Yu Guangru believes that for high-end investors, overseas investment can play an asset allocation role, in order to avoid A share market risks, but also to bring good returns for investors, but also need to be alert to the risks. Domestic new venture is equivalent to risk-free arbitrage, but the US stock market does not set limits on the rise and fall, breaking new shares is also a normal event.

To sum up, the new double-edged sword effect of the fund may continue to ferment in the four quarter. So, will you fight new? Do you dare to fight the new?