He Wan Man Explains Why IPO Can Not Suppress Mad Cow.

If one day, large scale expansion of new shares and the issuance of traditional industrial stocks that are difficult to solve by state-owned enterprises, the market will really turn to bear.

However, we can be sure that, so far, the SFC will keep its promise and continue to keep pace at the same time.

28 out of 30 households have disclosed the letter of intent to offer shares, of which only 3 have raised more than 1 billion yuan, and the overall financing scale is not large.

If the new shares will be expanded for 1 months to raise 300-400 billion, and most of them will be state-owned enterprises to solve the traditional industrial stocks, the market must really be careful.

In the evening of April 2nd, the SFC issued 30 IPO approvals, and then the media shouted, "what is the" raising of financing scale "? What is the biggest" blood machine "attack in history? What is" cooling the mad cow "? Even the" insider "said that after that, IPO will reach 50 per month.

First of all, the 30 approvals are scary and the amount of financing is not scary at all.

At present, 28 out of 30 households have disclosed the prospectus of the prospectus. According to the author's rough statistics, only 3 of them have a financing scale of over 1 billion yuan, namely: about 3 billion 300 million of Jiangsu radio and television, about 1 billion 500 million of Chen-pao Island's pharmaceutical industry, about 1 billion 100 million of the people's pharmacy, and more than 1.7 billion of the least clear water sources, 28 of which are about 15 billion 600 million, plus the new materials of Yi Shang and Yue Kai, which have not yet disclosed the prospectus, and are estimated to be 17 billion.

In March, 24 new shares were actually fundraising 21 billion 500 million (10 billion 30 million of Dongfang securities); 24 new shares in February, 14 billion 600 million of actual fundraising; 20 new shares in January, and 9 billion 600 million of actual fundraising.

In view of the new year's Spring Festival in 1 and February, it is reasonable to lose a share of the Spring Festival.

As for the so called "biggest in history", it is not too young to know this, but a lack of understanding of China's stock market is amnesia.

Do friends of the stock forget that in 2007, that is, the $48 hold up of PetroChina this year, IPO raised nearly 500 billion yuan? In September, it raised 149 billion yuan (including construction bank, China Shenhua, Beijing bank, etc.), and raised 69 billion 500 million yuan in October (one of China Petroleum's 66 billion 800 million).

As for the number of households, I remember the three day of the issuance of the trial committee, the number of new shares issued a few days a day, close to 3-4 broken days? At that time, thirty or forty months a month is not an ordinary thing.

Yes,

It has always been an important weapon for management to regulate the market.

But the key is not to see the number of homes, but depends on the size of the financing, but also depends on how to issue.

Since last year

Limited price earnings ratio (although this is not in line with the spirit of marketization), and basically concentrated in three or four days of Yaohao, where all the new shares to make money, and the success rate is greatly improved.

According to statistics, the middle to one earn at least 10 thousand.

Under such circumstances, issuing new shares has become a profitable rather than a bad one. In a sense, the current market started by the wealth effect of the primary market.

In the 6 year bear market, people talked about stock discoloration and issued new shares. Finally, they opened a window to let the shareholders in distress see a glimmer of hope.

Plus the later ones.

Such a series of policies, this market can not get rid of cattle!

Second, it coincides with the most dynamic policy market in history.

Here, I want to use the preposition of "the most" in history.

Today's good policies are almost daily, and often are numbers.

Take this week as a matter of fact, on Monday, "one belt and one road" was launched in real terms, with more than 40 members of the Asian investment bank. On Tuesday, the new policies of real estate and three arrows arrogate, and real estate shares rose; Thursday, the social security fund was allowed to increase investment; Friday, about 700000000000 corporate annuity provided new ammunition for the stock market.

Too many, too many numbers.

In the final analysis, the government wants the stock market to be good, and the stock market has become an important battlefield for restructuring and promoting pformation.