Stock Market Investment Confidence Restoration Needs A Process.

It is easy to balance the investment and financing function of the stock market, but it is very difficult to operate in practice.

However, looking back on the IPO situation this year, it has shrunk considerably compared with the same period last year.

In the face of a little market confidence that has been restored, if the IPO issuing rhythm is a little unreasonable, it will easily change the future development of the stock market.

According to statistics, last year, the total number of IPO in Shanghai and Shenzhen two cities reached 219, and the scale of financing reached 158 billion 600 million yuan.

However, compared with the first half of this year, the number of IPO has dropped sharply, and the total amount of total financing is less than the 1/3 level of last year.

Perhaps, in the face of this year's IPO financing and the total size of the total financing, the impact of the initial stock market turmoil has been the main impact. The intensity of market confidence once dropped to freezing point has also greatly reduced the enthusiasm of IPO.

During this period, more classic events than Jiangsu bank, which had long been approved by IPO, was forced to suspend IPO's issuance due to stock market turmoil.

Until now, the Bank of Jiangsu has not yet landed on the A share market.

Up to now, distance

The stock market crash has been around for some time.

At the same time, behind the shadow of the stock market turmoil, market confidence has also recovered, and the A share market is also gradually warming.

However, in this context, we find that the pace of IPO issuance and the scale of issuance have gradually increased, which does make the market feel again.

Looking back at the market situation before last June, with the gradual recovery of the focus of the stock market operation, the market's financing and refinancing efforts have been significantly enhanced.

Among them, before and after May, the market adopted the measures to raise the rhythm of IPO issuing, and the number of original batch was adjusted to two batches in one month, and the total amount of corresponding market financing also increased rapidly.

However, it should be noted that in the market

At the same time, the rhythm of issuing IPO increased significantly.

As a result, under the influence of further narrowing of the IPO interval and the continuous expansion of the size of the IPO, if the stock market activity is not continuously followed up, it will have a positive impact on the market.

Constitute a heavy impact.

At that time, the unbalanced development of stock market investment and financing function also indirectly exacerbated the subsequent market decline.

At present, behind the slight rebound in the market, the market conveys some signals that are worrying us.

Since this year, the IPO approvals issued by the SFC and the total amount of financing have been increasing.

For the first 5 months of this year, the number of IPO approved in the A share market is about 7-15 per month.

After entering this June, the total amount of IPO approved and raised has increased.

Among them, in the two batch of IPO approvals issued in June this year, a total of 16 IPO approvals totaled 14 billion 100 million yuan.

In July, just over half of this year, the SFC issued 13 IPO approvals. The total amount of financing is expected to be no more than 9 billion 100 million yuan. The total amount of single financing is expected to reach a new high in the year.

In addition, the IPO of local banks is expected to become more intense. With the issuance and listing of Jiangsu banks in the future, it has also opened up a prelude to local banks' quickening the listing.

Up to now, some city commercial banks and agricultural firms have passed the trial meeting, and some sources have pointed out that Limited by Share Ltd Bank of Shanghai Limited by Share Ltd, Guiyang bank Limited by Share Ltd and Jiangsu Wujiang rural commercial bank Limited by Share Ltd have applied for A share code, which often means that it is a step closer to issuing shares.

A step back, if the market is slightly warmer, blindly increasing the blood pumping function of the stock market is not conducive to the recovery of market confidence.

The author believes that for now, there is still a process of stock market investment confidence restoration. This is not a goal that can be accomplished overnight.

As for stock market financing and refinancing, it should be carried out moderately. We can not fully overdraw the financing and refinancing function of the stock market because the market is slightly warmer.

Obviously, how to balance the development of the stock market's investment and financing function is very critical. It also directly tests the wisdom of market managers.