The Focus Of The A Share Market Is Also Shifting.

The continued hot market in the near future has stimulated the nerves of all parties in the market. Under the help of strong money making effect, the performance of the futures market has been highly hyped by speculators, and its own high leverage characteristics have added another fire to the already frantic futures market.

The 3100 point and the 3200 point are the successive shocks of the market. Looking back on the recent market performance, the A share market is also shifting its focus.

In fact, for the market, when the stock market is able to break through the high point of August 16th this year and get a clear volume, it will easily attract a lot of new liquidity funds, especially the waiting for a long time of steady capital admission.

Perhaps for such funds, the A share market gradually has the effect of making money, and at this time, the expected profit of entering the market is still imaginable.

However, just as the market is more enthusiastic, the two factor is plaguing the mood of the market.

Among them, the obvious acceleration of IPO and the collapse of the futures market made investors feel uneasy during the weekend.

In November 11th, the SFC approved the first application of 15 enterprises, and the total amount of financing was not more than 11 billion 200 million yuan.

However, in November 4th of this year, the SFC also issued the first application for 9 enterprises, with no more than 4 billion 500 million yuan in financing.

This shows that in a short period of time, the SFC conducted frequent IPO approval activities, which really exceeded market expectations.

Since then, the two batch of monthly IPO issuance rhythm is still a more stable operation strategy, which is conducive to the balanced development of stock market investment and financing functions.

However, judging from the speed of issuance in November, the pace of issuing IPO on a Monday is indeed fast, and this shock pressure on the psychological level of the market can not be underestimated.

At present, although the new regulation mode of IPO does not constitute too much diversion pressure on stock funds, the pace of IPO issuance is accelerating, but it always tests the affordability of the stock market itself. In other words, if the stock market's new liquidity influx fails to resist the pressure of IPO to speed up issuance, the enthusiasm of the stock market will decrease significantly, to a certain extent, to combat the stock market's earning effect and investment function.

It should be noted that in addition to the obvious speed increase of IPO, the flash and crash of the futures market has also been worried by the market.

From the recent situation, aiming at

The intensity of policy regulation has been steadily increasing.

Among them, restrictions on positions, risk warning and other initiatives are constantly upgrading.

At the same time, the securities and Futures Commission stressed that Futures Company should not participate in the allocation of capital in any form, which also made a direct impact on the highly speculative behavior of the futures market.

However, judging from the recent performance of the futures market, it seems to have seen the stock market before and after June last year.

Before the outbreak of the stock market crisis, even if the policy regulation is strict, how fast the regulation frequency appears, it seems that it has not been able to stop the enthusiasm of speculative capital.

But for the market, the new speculators seem to be betting on their own destiny. There is always a belief that they can't be the last to take the baton. But a fluke mentality will eventually suffer a great deal.

So, in

Under the influence of delayed action, highly speculators have been hit hard. In view of the characteristics of the futures market from height levers and high risks, its "flash collapse" trend has also led many investors to suffer huge losses, even the risk of burglary.

It is true that this series of phenomena will throw cold water on the enthusiasm of the market, and the stock market has some response.

However, whether this will trigger an important turning point in the stock market, we still need to see the anticipation of the influx of new liquidity and the real reaction of the market to the opening of Shenzhen and Hong Kong.

However, for today's hard to restore confidence in investment

On the basis of the speed of the two batch of IPO issued in the first month, the speed was raised again.

As for the future market crash, it will also create a greater pressure on the relevant industry sectors, which is not conducive to the continued high inflation in the short-term stock market.

Perhaps, for the recent performance of the stock market, the market began to worry that the stock market would rekindle the profit making effect and then accelerate the upward trend.

However, in view of the policy move of stock market and futures market, it seems to convey the signal of suppressing speculation and stabilizing the market, which will also make many funds in a dilemma.

There are many private funds but few investment channels. This is the most realistic portrayal.

At the same time, the pressure of RMB depreciation and asset shortage has accelerated the flow of funds.

However, for a large number of funds, the real estate market is blocked and stocks are under pressure, and the speculation environment of the futures market has been suppressed. So where can the capital go to meet its own value preservation and demand? Obviously, in the face of tighter supervision, the uncertain market environment for investment has also caused a big problem for the investment of a large number of funds.