The Enthusiasm Of Small And Medium Enterprises Is Increasing, IPO Is Hot.

Recently, Liu Shiyu, chairman of the China Securities Regulatory Commission, made such a statement on the relationship between IPO and stock index.

Over the years, the issue of whether the IPO has stopped or not, and how fast the issue has been issued has been highly heated by all parties in the market.

Among them, the relationship between IPO and stock index has different opinions from different parties in the market. In the past years, the A share market often has the phenomenon of IPO stop.

"We have used the method of reducing or even suspending the IPO, trying to stabilize the market, but in the long run, the effect is not good, because there is no mechanism to solve the long-term steady development of the capital market, it has not solved the source of the capital market problem, and has not solved the problem of serving the real economy."

In this regard, the market is hot, but from its lines, it has more or less hinted that it is necessary to break the past market and suspend IPO.

In fact, the problem of IPO barrier lake has been plaguing the development of China's stock market, and it is also a difficult problem that the market has been unable to solve for many years.

According to the data, as of February 23rd this year, the total number of queuing IPO enterprises is still as high as 689.

At the same time, last year, the average time of IPO listing was basically longer than 2 years, and the complicated and complicated audit process brought many resistance to IPO flood discharge.

According to the general situation, the audit process of enterprises starts with the process of accepting, feedback, meeting, pre disclosure, updating, meeting, issuing, closing, meeting and approval.

During this period, even if the enterprise meets the corresponding listing conditions, it is necessary to observe the market environment changes at that time.

In other words, if we encounter IPO sensitive points such as stop and send, the process of issuing and listing will also be greatly slowed down. During this period, we need to constantly update supplementary information to meet the goal of successful listing.

Looking back over the past year, the pace of IPO issuance has accelerated since Liu Shiyu took office.

Among them, after the second half of last year, the rhythm of IPO issuance was significantly improved. Since last November, the A share market has basically maintained the speed of IPO issuance on a batch of A every month, and the monthly financing scale has reached about 20 billion yuan.

It is undeniable that after nearly a year's IPO issuance speed up, the IPO dammed lake problem has been moderately released.

However, at the same time, both the enthusiasm for listing of small and medium enterprises and the demand for issuing and listing local banks are increasing.

Although the pace of IPO issuance is accelerating, the number of IPO issued annually is quite large, but the overall financing scale remains at the level of 100 billion yuan.

In contrast, the scale of stock refinancing has been broken for a long time, which is far more than that of IPO financing in stock market.

Even though the scale of IPO financing in China's stock market is far below the scale of refinancing, the impact of IPO on the market is mainly reflected in the psychological aspect.

More often than not, for market investors, they are more concerned about whether IPO stops or not and the speed of issuing IPO.

Another way of thinking is that if the pace of IPO issuance does not decrease or increase in a weak market environment, it will easily lead to psychological unease in the market and then affect it.

Participation enthusiasm, and this influence can not be underestimated.

Perhaps, for many years, Chinese investors are still in a state of fear for IPO.

Recently, the refinancing of the new deal has played an impact on the pace of hedging IPO issuance.

Specifically, not only from the upper limit of 20% financing ratio, but also 18 months interval.

At the same time, it also limits the benchmark date of non-public offering stock.

Affected by this, some listed companies have made corresponding adjustment plans, including the adjustment of base date, cancellation of matching, and even termination of refinancing.

Although there are still some loopholes in the refinancing new deal, it also has a good constraint on the behavior of listed companies such as capricious refinancing and alleviating the pressure of stock market bleeding.

It is worthwhile for us to praise the listed companies' capricious money in the new financing policy.

Then, it may be a further improvement of the reduction rules to hedge.

The impact of the impact of the stock capital on the stock market is slowed down by the impact pressure on the speed of circulation.

Indeed, this is also a reflection of the "burden reduction" for the current market, and for the IPO Barrier Lake flood relief, and even the future trend of possible follow up publication, it may be the main task in recent years.

The author thinks that there is no problem for flood discharge of IPO barrier lake, but for future IPO

The threshold should not be reduced in order to meet the demand for flood discharge.

Perhaps, for some poverty-stricken counties, they can enjoy the IPO green channel policy, that is, the "reporting immediately, the trial being issued", but the overall listing threshold also needs to keep the original standards to ensure the high quality level of the listed companies.

It can be seen that for the future market, it is necessary to flood the IPO barrier lake, and also to ensure the high quality level of the listed companies.

At the same time, we need to strictly implement the delisting standard and eliminate the listed companies in a timely manner so as to enhance the stock market's survival of the fittest.

Obviously, there is no way out, not a healthy market, but it is a healthy market full of vigor and vitality to maintain market metabolism at all times.

Otherwise, the age of panic for IPO is hard to say.

For more information, please pay attention to the world clothing shoes and hats net report.