Stock Market Continues " Catch " Supervision Will Never Relax.

Whether in the property market or stock market, deleveraging is continuing. The key words in 2017 continue to be leveraged and remain stable.

If we can spare our hands in 2017, we will tighten up the regulation of cash, high delivery and abnormal stock prices.

To strengthen supervision and control short-term funds is fatal to a gambling market and even leads to the siege of gamblers.

The P / E ratio has been restored to reason. In 2015, policymakers had lost the enthusiasm to stimulate economic growth by using the high valuation of the stock market.

The latest precise attack case came from the Shanghai and Shenzhen Stock Exchange in December 2nd. The two pactions amended the implementation details of the margin trading system, adjusted the amount of convertible bond conversion rate, and adjusted the conversion rate of stock conversion with a static P / E ratio of more than 300 times or negative to 0%, which was implemented from December 12th.

In the high-end manufacturing and consumption industry, there will be great opportunities. This is a time of great differentiation.

The omnipotent risk of universal attention was interfered by the "parent" CIRC, December 28th.

The information shows that the China Insurance Regulatory Commission has adopted 2 regulatory measures to suspend the Internet insurance business and prohibit the declaration of products within three months.

At the same time, the CIRC will inspect all 9 companies that have submitted the report of universal insurance rectification, conduct inspection on the spot, and take further regulatory measures according to the verification situation.

In real estate, bond market and stock market, any financial market can be tidied up, and the inspected person can only rule out "demon".

"Red market" revealed that Huaxia life said in December 28th that it should be an honest man and not be a barbarian.

In the capital market, the company has always adhered to the bottom line, only to be a financial investor, just as a market stabilizer.

Since the establishment of the company, there has never been a placards in the two tier market. Once holding two listed companies, more than 5% of the shares were purchased through agreement pfer and bulk trading, which did not cause stock price volatility. At the same time, they always insisted on being friendly investors and had been well interacting with the listed public Si Baochi.

This, of course, is not a cry for the people of the stock market.

Mr. Liu Shiyu said that when it comes to killing people, it looks more like an outraged monologue. Today, the CIRC is eager to put more emphasis on its hands. I believe it is a higher level of high vigilance for the financial risks of "short investment and long loan", and it is also intolerable to the huge funds created by fund-raising to grab the holding power of high-quality enterprises. It is also a strong response to the universal insurance rebound in November.

If short-term funds continue to serve as barbarians, the patience of the parties concerned is limited.

Next, stock index futures and so on may be restored, but security is still the first consideration.

Since February 20th, when Liu Shiyu was appointed chairman of the China Securities Regulatory Commission to December 23rd, the CSRC has announced nearly 170 cases of administrative penalties, involving insider trading, manipulation of the market, letter violation, dissemination of false information and short term pactions.

This year, the SFC pferred 35 cases of using undisclosed information to the public security organs, which is the highest proportion of CSRC pferred to the public security organs for criminal responsibility.

In 2016, 7 securities companies were downgraded. They were investigated by the securities and Futures Commission respectively for brokerage business, two financial services and IPO sponsor business.

The goblin and the pest are not only the short-term funds for using leverage, but also the senior executives of insider trading, counterfeiting cash and executives with grey cash.

Mr. Liu Jipeng scolded the "black industry chain", mainly referring to insider partnership cash. "In 2015, the amount of IPO financing in the A share market was less than 200 billion yuan, but the amount of large shareholders and executives to reduce cash holdings was 470 billion yuan to 480 billion yuan. The cash taken by major shareholders is much more than the money allocated to enterprises through IPO financing."

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Busy with the private placement, "a bunch of guys can buy first 10 percent off of the market price, and talk to you before buying them, and then send them high."

Now the high delivery is not 10 to send 8, 10 to send 10, but 10 sent 30, 10 to 28, sent to the end of the pfer began to reduce, concealment of high stock prices.

The official language is "improving the quality of margin securities and reducing business risks.

At the same time, reducing the conversion rate of stocks with high price earnings ratio is also conducive to guiding investors to invest in value, curb speculation and speculation, reduce investor risk and maintain stable operation of the market. In fact, it is a precise blow to raise stock prices, finance and manipulate shipments, and several funds are gathered together to "cut leek".

Once the stock price stalls down, the risk will be difficult to control.

In December 27th, the volume of pactions in the two cities showed a warm downturn. The average price earnings ratio of Shanghai A shares was 15.95 times, and that of Shenzhen's A shares was 41.43 times, which was at the middle level compared with 2014.

Stock market differentiation, some stock valuations are still scared to death. As of December 28th, stocks of Linhai and Zhong run resources were the highest in the new stocks, which were 1796.17 times as high as 1117.48 times.

IPO earnings remain in the industry average.

Even lower position, the bonus of IPO has become a rare opportunity for the participants of the new fund, which is a stable dividend for the market.

Stock market financing is also an important source of innovation in the reform of enterprises and state-owned enterprises.

A shares will usher in the last week of 2016. There should be 9 new shares issued. In December, the number of new shares will reach 48. The number of new shares issued will reach 245 in the whole year, and the number of new shares issued in 2016 will be third.

Next year's circulation will not drop.

As of December 15, 2016, the SFC accepted 723 first out enterprises, of which 38 had been passed, 685 had not been passed, 631 had not yet met the normal waiting companies, and 54 had been discontinued.

DDT expects that A shares will have IPO from 380 to 420 enterprises in 2017, and the total fund-raising will be between 250 billion yuan and 280 billion yuan. That is to say, the number of new shares issued and the amount of fund-raising will increase 60% to 80% next year.

Without accident, new shares are sprinkling more pepper on more bowls.

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