This Year'S Stock Market Fires, The Gem Is More Fire.

Vigorously developing the new three boards is an important task of the capital market this year. It is likely that the number of listed company will increase to 3000 by the end of the year. Therefore, we need some reform measures to deal with it. The policy of pferring the board, layering, lowering the threshold of entering the market, and introducing the index products will also be introduced one after another.

This year's stock market fire.

More fire, but the most popular one is

。

The newly released three board index recently released shows that their gains have been close to 40% in just a decade or so, far exceeding the level of Shanghai and Shenzhen stock markets.

Because there is no price limit system, many varieties often increase to a few percent per day, and hundreds of dollars of stock is no longer a case.

Nujiang new three board is becoming a popular phrase among current investors. A large number of private investment products of new three boards are emerging, and are often "spike".

The great changes in the new three board market are undoubtedly gratifying, from the original cold and cheerless to the now unusually hot.

The construction has made considerable progress, the support of the capital market for small and medium-sized enterprises has been greatly improved, and investors have also gained more investment opportunities.

However, in the new three board market, great success has been achieved. At the same time, people should also see that there are still many problems. In some ways, there are even a lot of chaos. For a booming market, some problems are not surprising, but people can not ignore these problems.

When it comes to chaos, one of them is propaganda.

Some reports on new three boards are full of errors, which violate the basic facts and lead to misleading ordinary investors.

For instance, some reports do not exaggerate the gains of related stocks from the reality of the new three board trading system.

The new third board company did not issue shares when listing, its price base was calculated based on the face value. If the stock price is 10 yuan, it will show an increase of 900%. However, it is obvious that this increase is not comparable to the increase in the IPO on the main board market. The increase of 900% in the listing indicates that the money making effect of the new three boards is obviously not appropriate.

In addition, due to the presence of off-site factors, the new three boards under the agreement mode, some companies may close the price on the day only 0.01 yuan, and the next day's paction price has changed to 10 yuan, obviously this is a special paction based on a special reason, and obviously people can not get a conclusion that a new three board stock rose 99900% at a time.

However, it is indeed the media that exclaimed the new three board stock prices skyrocketing, and investment opportunities are numerous.

Such irresponsible and distorted propaganda can only play a role in encouraging speculation, and is not conducive to the healthy development of the new three boards.

The two of the chaos is at the paction level. In terms of the agreement, the price elasticity is relatively large because of the presence of out of court factors, but this flexibility should be limited rather than arbitrary.

Not long ago, there was a $99999 declaration of purchase in the contract deal. This exaggeration is not to be explained by normal market behavior. It is difficult not to allow people to manipulate the association of stock prices.

Objectively speaking, there is not a small number of quotations of 0.01 yuan in the current agreement. There are dozens of times in which the share price drops several times. This makes the pricing mechanism as the basic function of the market in a state of failure.

If it can not be effectively priced, especially for a long time, it will not only damage the efficiency of the market, but also lead to excessive speculation in the market.

For some time, the high valuation of the gem has been criticized by many investors. But now, it seems that the new three boards' valuation is not bad at all. The risks here are self-evident.