How To Become A Bad Market, How To Pull Out The "Malignant Tumor"?

The existence of IPO dammed lake for a day shows that China's stock market is unfair and it is difficult to develop healthfully.

China's stock market return boom is the best footnote for some problems in China's stock market.

The existence of IPO dammed lake for a day indicates that there must be a problem in the stock market, that is, the interests of the financiers are too large, and the interests of investors are often damaged.

China's stock market is hard to develop healthfully.

What's wrong with China's stock market? What's wrong with China's stock market? Immediately, financial experts summed up 8 or 6 super bad ones. Among them, there were rumors that the Securities Regulatory Commission would restrict the return of stocks.

Just as people look forward to the bull market in China's stock market, the market came to a broken end and cut the knife, and fell short of all short-term average support. The Shanghai composite index reported 2913.25 points, a decrease of 2.82%, and a turnover of 234 billion 100 million yuan; the Shenzhen stock index reported 10100.54 points, a decrease of 3.57%, a turnover of 427 billion 600 million yuan, and the gem index reported 2129.19 points, or 4.27%.

The total turnover of the two cities totaled 661 billion 700 million yuan, which was significantly higher than the previous trading day and increased by nearly 40%.

Zhang Xiaojun, a spokesman for the securities and Futures Commission, said on the 6 th that the SFC had taken note of the relevant public opinion. According to relevant laws and regulations, 5 red chip enterprises listed abroad had been listed on A shares through mergers and acquisitions in the past three years, and questioned the market. It is considered that such enterprises have great particularity in returning to A shares.

The SFC takes note of the relevant market reaction. At present, the SFC is conducting an analysis and Study on the possible impact of such enterprises on the return of A share market through IPO, merger and reorganization.

In the light of

The market is a bit overheated. Only 360 of the 360 stocks return to the market, and the market makes up all kinds of specious reasons for frantic speculation. Even the number of stocks in the code makes the market crazy and the stock price soaring continuously. This is a kind of irrational investment behavior. Even if the 360 return, the borrower has only one but not two. Is it superstitious to use the digital code to look for the backdoor object? It is a mystery that no one can foresee. It is a kind of evil trick that the market hot money or other fund chiefs have to cooperate with the media to manipulate the market in order to match their speculation and speculation. Its risk and the harm to ordinary investors are self-evident. Return, now

This irrational surge of stocks is a matter of course for the stock market to suffer from the pressure of the SFC news, and the return of value is a matter of course, because the sharp rise in share price is also a sharp rise from the fundamentals. Speculation is speculation, and it can not be seen without sunshine. In the eyes of the Chinese stock market, the so-called shell is plummeting. This ten point is normal, but the other stocks also appear to be plummeting, which is very abnormal. Because the shell resource boom will produce crowding out effect on other stocks, thus affecting the stock price performance. While the value return of shell resources stocks should be the performance of other stocks, the collapse of this kind of eyebrows and moustache will explain the fragility of the market and the irrationality of investors.

Because the SFC further analyzed the market impact of China's stock market return to the A share market, which is very reasonable. The author thinks that it is also a good market, preventing Arbitrage Behavior of some fish in troubled waters, and is a good way to make the market lose too much blood in the short term. From the perspective of capital supply and demand in the capital market, according to the Sohu stock market, when the privatization took place, it began to draw blood from the mainland and was suspected of capital outflow. After privatization, the private placement also needed to draw blood in the domestic capital market.

As for listing, the huge market value is like boiled frog, which finally overwhelmed the A-share market.

For example, after the return of Wanda business, the market value may be as high as 700 billion yuan; after the return of Qihoo 360, the market value may reach 200 billion yuan.

The issue price of 29.58 yuan / share will be issued to 443 million of the shareholders of the giant network, and the price will be 13 billion 100 million yuan to buy 100% stake in the giant network. From this point, the giant network will be listed as a hot online game, and the stock price will also become a hottest online stock. The stock price is also on the top of the cloud. The stock price has been nearly 6 times the highest price, reaching a maximum of 231.10 yuan. Only the Shi Yuzhu float is as high as 270 billion yuan, and the other main bodies involved in the additional issuance are: Lanlin investment, Zhong Yin Yi Yuan, re plutonium investment, Peng Teng investment, Ding Hui Fuyuan, Hong Yichuang, Fuye investment and tengpeng investment. From the perspective of a more microscopic individual stock market, the crowding out effect on market funds can not be overlooked. The harm to investors is also objective. Taking the century cruise ship as an example, the cruise ship of the century said that the company intends to

There has also been a huge floating profit, which has been harvested 6 times in a short time.

This is a rare windfall.

Since then, there has been a noticeable adjustment in the stock price. At present, it is about 126 yuan, and the price of 126 yuan is still huge profits relative to the fixed increase participants. The cost of giant network privatization is 3 billion yuan, which is equivalent to 20 billion yuan. According to the current stock price, the value of the giant network 443 million is still as high as 55 billion 800 million yuan, and the premium is more than doubled. It can be a nightmare for the two market investors, because the price that investors can buy the stock is about 210 yuan. If they do not run fast enough, then they will fall sharply and participate in it, and the investors will suffer huge losses.

The domestic fraudulent listing of financial packaging letters postpone or selectively implement the move to the United States, will encounter short selling agencies, which will lead to a sharp fall in share prices. This is only the beginning of nightmares. The regulatory agencies' punishment and even delisting and the ubiquitous group action mechanism of investors will soon come with the shadow. The stock crisis is a wave after wave. Some bad corporate behavior has caused many stocks to suffer unfair treatment, and the valuation continues to move down. So many of them think that their own companies in Hongkong are underestimated, so they need to be privatized and return to the market. The reason why China's stock market is constantly choosing to return is that there is a huge difference between the Chinese stock market and the American stock market in Hongkong. Moreover, the regulatory system in Hongkong is more severe.

The listing of the shell becomes easier than before, and the domestic pursuit of the new economy has made some industries more valuable. With the domestic relaxed enforcement environment, there are more free space for financial maneuver. The most attractive thing is that the reduction is very easy and the proportion is very high. What is more attractive is that it can push up the stock price reduction and the legal risk is basically the same as zero. The giant network returns to the huge wealth effect, which has made many stocks envy. So the stock market has chosen to return to the market. The securities and Futures Commission has a more forward-looking view: "the stock return to the A shares has great particularity, especially the obvious price difference between the inside and outside markets, and the speculation of shell resources should be highly concerned." now, as the government encourages the merger and reorganization policy,

It is very timely and very correct. The SFC is not trying to suppress the return of stocks in one size fits all. It is to guard against some market fry and prevent a market arbitrage. If the volume comes, the impact on the two tier market can be imagined.

Therefore, the SFC's adjustment policy is a kind of care for China's stock market, but the market does not appreciate it.

Just a few.

The collapse of shell resources plate stocks is understandable. The stock return is postponed to allow resource scarcity to continue. But the problem is that banks, brokers, insurance and other weight plates have not been spared. Some other high-quality growth stocks are also unable to explain clearly. The reason why it can not be explained clearly is that they can only be explained by irrational and irrational markets. Not only are small and medium investors irrational and irrational, but also institutional investors are herding of investment style, chase up and fall, and there is no big capital to participate in it, so that the stock market is unlikely to collapse. Therefore, it is worthwhile to cultivate more institutional strength without training institutions to build their own investment style.

Secondly, because of a sharp loss in the market, the good market rumors still fall out of the bear market. Investors are still like a frightened bird. Investors are still in fear of thousands of shares. This is a warning to management, to prevent the market from skyrocketing, to take care of the market, and not to launch a national bull policy.

Three, we should further crack down on irrational speculation in the market, strengthen daily market supervision and strictly control market manipulation.

If some market manipulation should be paid close attention to and investigated and dealt with in a timely manner, the market manipulation should be killed in the bud, and the stock price will not rise irrationally. It can also avoid irrational fall and make the stock price and market run smoothly.

Four, I believe that this collapse is related to the excessive reduction of industrial capital. The media coverage of industrial capital can not wait for May to be red. In the first week of May, more than 20 listed companies in the two cities announced the reduction of holdings. This also affected the enthusiasm of the market to a certain extent. And the day before the red flag also said that the controlling shareholder and actual controller Cao Shiru would reduce the company's shares by no more than 177 million shares within six months starting from 9, accounting for no more than 13% of the total share capital of the company.

According to the red flag chain yesterday's latest closing price of 6.10 yuan / share calculation, Cao Shi so intends to reduce the amount close to 1 billion 100 million yuan.

A message which is called "bad profits" is good for the market, which makes the market full of tragic colors. The author thinks that more reflects the current predicament of the market and reflects a kind of helplessness of investors. The management should attach great importance to it. Although the market fluctuation has its own law and can not be excessively disturbed, clearing the unfair factors that affect the sound operation of the stock market is the proper meaning of the SFC.

Only by clearing some of the chronic diseases in the market, can the market have the right and the right of the financiers to make the IPO quake lake disappear, and the Chinese stock market will have hope.