Listing Of Financial Companies Is A Big Burden For The Market.
The latest information disclosed by the SFC shows that at present, there are 10 banks in Shanghai and Shenzhen two cities in the IPO queue list of A shares, including Shengjing bank, Huizhou Merchants Bank, Harbin bank, Weihai commercial bank, Zhejiang Shaoxing Ruifeng agricultural firm, Lanzhou bank, Qingdao agricultural business bank, Suzhou bank, Qingdao Bank and Jiangsu Zijin agricultural firm.
7 of them are city commercial banks and 3 are agricultural firms.
The market liquidity capacity is so large that the listing resources under the approved system are very limited.
Financial enterprises occupy too much, and entities and innovative enterprises occupy less.
Besides, financial enterprises are large enterprises of IPO scale, which has a great appetite for stock market funds.
At the same time, financial enterprises are most likely to become the targets of speculation, such as brokerage stocks or the market of securities companies.
From all aspects, we should strictly control the IPO of financial enterprises.
Recently, Galaxy Securities will also pass, and the A securities brokerage board will add another member.
In the queue list, there are also the Great Wall securities, Tianfeng securities, CAITONG securities, Zhejiang securities, Huaxi Securities and Dongguan securities.
IPO queuing list also has more "new faces" of futures brokerage companies such as Rita futures and Nanhua futures.
Financial stocks such as small banks, securities companies and Futures Company are in full swing.
The demand for financial companies to expand through IPO is even more urgent, and this year, the situation of financial companies going on the market this year and next 2017.
Gross
Small bank
Seeking listing is to supplement the shortage of capital, and the listing of brokers is for business expansion.
It can be for every evil person.
The capital market is a fair, just and open market.
In the case of China's approval system, it is eligible for listing as long as it meets the requirements.
But in qualification terms, banks and other financial enterprises should be different from other enterprises.
Financial institutions are high risk credit institutions that earn money from other people's money.
At the beginning of the establishment, the requirement for capital should be very strict, otherwise it would lead to the risk of credit payment, which would lead to excessive leverage.
Financial enterprises, especially bank capital, should be strongly bound for the expansion of credit loan business, and should not allow banks to blindly expand denominator (credit assets).
capital
The decrease in adequacy ratio exposures risks.
At present, the approval system is adopted in China's stock market.
Listing financing
Still scarce.
Who is the key to solve this scarce listing resource?
It depends on the current functional position of China's stock market.
In May 9, 2016, the authority said in the people's Daily that the stock market should be based on the function of restoring market financing.
If so, we should let the stock market solve the most urgent financing enterprises.
These enterprises are entities, small and medium enterprises, rather than financial enterprises.
We should take the scarce resources listed in the first place to the real enterprises, innovative enterprises instead of financial enterprises.
At present, another problem of financing difficulties in China's real economy is that the proportion of direct financing is too low, and the proportion of indirect financing is too high, that is, the proportion of financing through intermediate links such as banks is too large, which leads to financing difficulties and financing.
In this case, if the stock market of direct financing is pferred to financial enterprises, it will not only weaken the function of direct financing in the capital market, but also strengthen the role of indirect financing of banks.
Contrary to what is expected, it runs counter to it.
We must control the IPO of financial enterprises. Since the stock market should be based on the function of restoring financing, the financial enterprises that used to play capital are not most urgently needed for financing.
Moreover, we must strictly limit the issuance and expansion of large financial institutions such as listed banks.
Including the stock market, all the financing markets are going all the way to substantial enterprises, new industries and innovative industries.
For more information, please pay attention to the world clothing shoes and hats net report.
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