The Shanghai And Shenzhen Stock Markets Show A Wave Of Mini V Reversal.
According to the three people familiar with the matter on Tuesday, the Chinese government has cancelled an important restriction on brokers during the summer stock crisis, and no longer requires broker dealers to keep their stocks on a daily net basis.
After the Commission announced the resumption of IPO earlier this month, the move once again shows that Chinese leaders' confidence in the stock market is growing.
On the afternoon of July 4th, the China Securities Association announced that 21 securities companies held a meeting to analyze the current stock market situation and have full confidence in the development of China's capital market. They consistently agreed to firmly safeguard the stable development of the stock market.
The meeting decided:
1. 21 securities companies invested 15% of their net assets at the end of June 2015, totaling not less than 120 billion yuan, to invest in blue chip ETF.
Two, the Shanghai composite index is below 4500 points. On the basis of the balance of July 3, 2015, the securities companies do not reduce their stock market and choose to increase their holdings.
Three, listed securities companies will actively promote the purchase of shares of the company, and promote the company's major shareholders to increase holdings of the company's shares.
Four. According to the "SFC" issued by the SFC
securities company
The relevant provisions of the management measures for margin trading and margin trading, and other related provisions, improve the counter cyclical adjustment mechanism, timely adjust the margin ratio, guarantee the conversion rate of securities, the scale of the securities lending business and other related indicators, and do the best to stabilize the customer's default disposal on the premise of controllable risk.
So, some netizens questioned on the Internet: "well, the 4500 point?" now that there is no way to go, how can securities dealers open their own positions? Some people are speculating. Does this mean that management backhand encourages short selling?
My view is that this is probably one of the series of moves by the renminbi to sprint SDR.
Because the IMF wants the Chinese government to restore the stock market as soon as possible after the stock market crash.
After the stock market crash, if the Chinese stock market has any "abnormal state", there are three main signs: 1, IPO suspension; 2, the short selling mechanism is banned; 3, the large shareholders and directors of the board of directors are frozen.
Today, the new three board announced the "draft" of the layered scheme, which will be divided into "innovation layer" and "foundation layer" in the future.
The news conference also revealed that the current three new board listed company 4239, the total market value is 1 trillion and 980 billion, investors account 199 thousand and 800, the total share capital has reached 235 billion 107 million shares, the average
P / E ratio
47 times.
After a big expansion, the new three board listed company will reach tens of thousands or even tens of thousands in the future.
And the "base level" will become a dark corner of the capital market. The vast majority of the stock will become a "zombie stock". It will not die without being listed.
By then, the new three boards will be like you have a cell phone today, and there is no place to show off.
A number of media reports said that the central city working conference will be held this year.
According to the information previously disclosed, promoting urbanization, household registration reform, strengthening urban resistance to natural disasters, real estate inventory and urban management system reform will become the core issue.
This conference is undoubtedly good for the real estate industry.
Now
IPO
It has been restarted. If the short selling mechanism is partially resumed, it will solve two major problems.
This will help RMB's "meeting" in November 30th.
Therefore, it can not be understood that management encourages short selling and can only be understood as the market is returning to normal.
Allowing brokers to "own the headstock of proprietary trading" is good for brokerages, at least they have more means of profit and hedging.
But for the big market, it is just a bad idea. Brokers may not really dare to sell short on their own.
However, investors should be very careful in the future market.
From this incident, we can see that the disclosure of important information is still not standardized.
At least as a retail investor, it's hard for you to get the same information with the organization at the same time.
- Related reading
Next Year, The Market Will Fluctuate, And The Registration System Will Be Launched Or Accelerated.
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