What Will Be The New Pattern Of Financing Function?

For those who play in the stock market, the main business is to make stocks in the two tier market, take the stock market value of their own hands to buy out of the out of business revenue. Since they contain the right, they should not waste the market value, but if buying the old stocks solely for the purpose of buying new shares, I am afraid it is not a very good business.

In July this year, the IPO was suspended for the bail-out. In fact, it was not due to the stock market crash caused by IPO. The main reason for the stock market crash was the collapse of leverage. Now the stock market restarts IPO at 3600 points, which has little effect on the two market.

The 28 new shares to be issued during the year have no technical content in operation.

The 10 new shares issued at the beginning of next Monday will be in the same frozen area. If you have an account of 120 thousand yuan, the market value of the Shenzhen stock market, the market value of the 240 thousand yuan Shanghai market plus 1 million 538 thousand yuan, you can purchase the whole set in the past.

The next 18 families are issued in two batches, and the method is the same.

It is worth noting that the frenzied speculation after the initial IPO was mainly driven by the funds from the OTC capital allocation. Now that leverage is basically destroyed, the next IPO is unlikely to form a stir, so the expected value of the new shares should be reduced appropriately.

The restart

From the current market structure, we can see at least a few paths: first, the new three boards will open up the pipeline leading to the growth enterprise market. This week announced the new three board rules, and listed the new three Board companies as the "entrepreneurial level". This means that the GEM companies can come from IPO and new three boards in the future. The new three boards have become the incubator of A shares in the future.

Two, the Shanghai Stock Exchange will actively launch "

The direction of development is also clear. Now that IPO is restarted, the Shanghai Stock Exchange will form the "emerging industry board" corresponding to the gem of the Shenzhen Stock Exchange. Three, it can only be regarded as the "four Board" Shanghai Stock Exchange Center. After examination and approval, it is necessary to launch the "science creation board". Although it is not yet able to raise public financing, there is no problem in private financing.

All these measures bring a strong signal to the market. Next year, the key word of the market is financing.

Next year

The method of issue is changed to purchase according to the market value completely. This means that money is useless for new stock purchase, but in another way, the stock in your hands is not bought with money.

When 28 new shares are purchased with the old method, a new phenomenon will appear in China's stock market, that is, the stock in your hands is "containing rights". This contains several meanings. One is that you have the right to purchase the new shares and the stock is out of stock; the two is that the right of purchase must be the average market value of the stocks held in the first 20 trading days of the T-2, and that it should be held for a month or so. The three is that the right to purchase is only available for purchase, not necessarily guaranteed. Four, even if you sign it, it may not guarantee you to make money.

Do you understand? This is the new pattern for next year.

Under the new version of IPO game, the best result is to earn a lot of money in the main business revenue of the two tier market, and the primary market can share the average profit.

The worst result is that the new shares can not earn money, and the old stock is losing money. This possibility is not not. The new shares that had been implemented 13 years ago were sold by market capitalization, and the new shares were held up. The old shares fell down and the new investors failed to pay. This method was eventually abandoned by the market, and the lessons learned in it are worth learning.