• <abbr id="ck0wi"><source id="ck0wi"></source></abbr>
    <li id="ck0wi"></li>
  • <li id="ck0wi"><dl id="ck0wi"></dl></li><button id="ck0wi"><input id="ck0wi"></input></button>
  • <abbr id="ck0wi"></abbr>
  • <li id="ck0wi"><dl id="ck0wi"></dl></li>
  • Home >

    Under The Boom Of Debt To Equity Swap, A Shares Still Have Room For Growth.

    2016/10/14 15:20:00 15

    Debt To Equity SwapA SharesListed Companies

    The flow of capital into the stock market is in line with the policy level expectations.

    Therefore, from the perspective of asset allocation of large categories, stocks are of value in a certain period.

    Among them, the concept stocks such as debt to equity swap and equity pfer are opportunities to consider.

    For A shares, it is undoubtedly an important day.

    Why do we say so? Because on this day, the State Council issued a document that looked very cold: "actively and steadily reducing the number of enterprises."

    Leverage ratio

    In addition, there is a guidance on the pfer of creditor's rights to marketable banks.

    This marks the "recluse" of 17 years of debt to equity swap, and A shares must have a "bloody storm".

    This is not, the next day after the release of the document, that is, in October 11th, the stocks of debt to equity swaps rose sharply, with a net inflow of 1 billion 19 million yuan of funds, ranking the top of the A share concept plate.

    The three party involved in debt to equity swap, that is, the target enterprise, the bank and the third party Asset Management Co, will get a share from it. It is a win-win situation.

    First of all, look at the third party Asset Management Co.

    At present, there are four major Asset Management Co in China -- XinDa, Orient, the Great Wall, Huarong, but unfortunately, they are not A share listed companies, and can not be included in the investment dishes of their friends.

    However, dishes friends should not be too sad. According to public information, there are several listed companies in A shares directly or indirectly related to financial asset management business.

    For example, Zhejiang Orient, Hyde shares, Shanxi investment A, etc., dishes friends can focus on (Note: the superscript only to illustrate the problem, not as a specific investment proposal.

    Second, look at the target business.

    So, what is the appearance of such a hot guy? How can we make investment operation under the influence of it? The dishes are quickly moved onto the stool, and the food guide is beginning to be analyzed and analyzed with everyone.

    What is debt to equity swap? Let's make an analogy. Now there are three people: A, a dish company, opened a company, and opened a bank. The vegetable guide set up a financial asset company. B

    Now, in order to manage the company, A, a dish friend, has made a loan from the bank opened by B. In order to reduce the pressure of interest payment and introduce strategic resources, Cai you A has decided to implement the debt to equity swap program for this loan.

    The operation is like this. The Bank of the dish B sells the creditor's rights to the financial assets company which is guided by the food. Then, the vegetable guide pforms the debt into the equity interest of A company, and the vegetable guide becomes the shareholder of the company.

    Cai you A no longer need to pay interest on loans, you can also get the strategic resources conducive to the development of the company from the vegetable guide. Of course, the stock of A is also diluted.

    This is debt to equity swap.

    Do you understand? Well, knowing what is debt to equity swap, the next step is how to invest.

    We analyze the problem from two aspects: micro and macro.

    It can be seen from the document that the implementation

    Debt to equity swap

    Enterprises that are most likely to include the following categories:

    One is the quality enterprises that encounter temporary difficulties; the two is the high quality and difficult enterprises that are in the low cycle of the industry, such as iron and steel, nonferrous metals and so on; the three is the growing financial enterprises with heavy financial burden, such as information technology, new materials, etc., and four are strategic enterprises related to national security, such as nuclear power and high-end equipment manufacturing.

    Of course, these enterprises should still be dominated by state-owned listed companies.

    Finally, look at the bank.

    Although banks can not directly convert creditor's rights into their own shares, the rule design provides some gap for indirect operation.

    It is mentioned in the document that the subordinate asset management organizations of a bank can act as a third party in the debt to equity swap business. Accordingly, the listed banks with subordinate asset management institutions can be regarded as important criteria for the concept of debt to equity swap.

    On the operational level, the vegetable guide suggested that the relevant targets should be observed in the investment basket. As a medium term investment target, it is not urgent to catch up in the short term. After all, the greater the risk, the less sensible it is after a wave of adjustment.

    At a macro level, we need to understand the intentions of decision making.

    First of all, the core goal of this debt to equity swap is to help enterprises to leverage, while the large scale debt caused by high leverage will eventually be absorbed through A shares.

    So, guide the capital to enter.

    equity market

    To improve the valuation center, we can leverage the enterprises to attract more players and create a good market environment for deleveraging.

    From this point of view, there will still be room for policy increase in A shares in the future.

    In addition, at present, the domestic RMB is too serious. In order to curb inflation, the decision-makers need to find a suitable reservoir.

    From the contradiction between the stock market and the restriction of the purchase and loan, we can see that the property market does not rise or fall, and the sidewall arrangement is most consistent with the interests of all parties. Therefore, the wealth effect of the property market has been greatly weakened and can not afford the responsibility of the capital reservoir.

    Under the premise that rural land circulation has not become a reservoir of funds, the stock market is still a good choice.

    In the two aspects, are the friends who invest in stocks feel a little relieved?


    • Related reading

    The Complexity Of Macroeconomic Regulation And Control Increases The Current A Share'S "No Worries".

    Industry stock market
    |
    2016/10/13 20:26:00
    23

    The Stock Market Must Go Up And Down.

    Industry stock market
    |
    2016/10/12 17:37:00
    21

    Gap Stock Price Unexpectedly Rose 15%, Can It Continue Successfully?

    Industry stock market
    |
    2016/10/10 17:05:00
    34

    After She Left, Did She Face The Stock Market?

    Industry stock market
    |
    2016/10/9 11:05:00
    62

    A Shares Fell 15.1% In The First Three Quarters, And Italy'S Stock Market Fell 22.64%.

    Industry stock market
    |
    2016/10/8 21:23:00
    16
    Read the next article

    Guide To Lip Color In Autumn: Nothing Is A Lipstick Solution.

    When it was autumn, it was also a time to buy and buy. Did you all have get? Next, let's take a look at the details of the world's clothing and shoe net.

    主站蜘蛛池模板: 欧美乱妇高清无乱码在线观看| 99在线精品免费视频| 视频一区中文字幕| 日本孕妇大胆孕交| 国产又色又爽又刺激视频| 久久人人爽人人爽av片| 试看120秒做受小视频免费| 日本xxxx裸体bbbb| 国产一区二区精品| 中文字幕专区高清在线观看| 综合五月天婷婷丁香| 小情侣高清国产在线播放| 免费v片在线观看无遮挡| 99精品视频在线免费观看| 欧美老熟妇乱大交XXXXX| 国产精品无码一二区免费| 亚洲AV一二三区成人影片| 高清中国一级毛片免费| 无码人妻精品一区二| 再深点灬舒服了灬太大了在线观看| аⅴ中文在线天堂| 澡人人澡人澡人人澡天天| 国产精品正在播放| 久久精品电影院| 老子影院午夜精品无码| 精品1州区2区3区4区产品乱码 | 人人妻人人澡人人爽人人精品浪潮| a级毛片100部免费观看| 精品国产午夜理论片不卡| 天天操2018| 亚洲另类激情综合偷自拍图| 黄色视频在线免费观看| 成人毛片无码一区二区三区| 伊人久久综在合线亚洲91| 2022天天躁夜夜躁西| 日韩在线不卡免费视频一区| 四虎影永久在线观看网址| a国产乱理伦片在线观看夜| 欧美人与性动交α欧美精品| 国产亚洲人成网站观看| 一个人看的www日本高清视频|