New Three Boards Reappear "Select Layer Speed" July 1St Will Usher In The First Online Fight.

The new third board selection layer's pushing rhythm once again exceeded market expectations.

In June 18th, the first two companies approved by the SFC announced their entry into the underwriting section.

Specifically, Beijing Yingtai Jiahe biological Polytron Technologies Inc (hereinafter referred to as "Yingtai bio") and Shanghai AI Rong software Limited by Share Ltd (hereinafter referred to as "Ai Rong software") are disclosed to the unqualified investors in the national share transfer system website, and the public offering letter of intent, distribution arrangement and inquiry announcement are listed on the selected layer.

This means that the two companies officially launched the underwriting work of public offering, marking the issuance of new third board stocks and setting up the selection layer, and taking a substantial step forward.

According to the arrangements announced by the two companies, the two companies will officially welcome the new online game in the history of the third board market in July 1st.

Arrangements for the first batch of enterprise distribution

According to the information obtained by reporters, the issuance and underwriting work of the first two new three board enterprises officially started in June 18th, marking the announcement of the company's issuing arrangements and inquiry, and the issuance of underwriting shares will end in July 7th, with the announcement of the announcement of the results issued as the symbol.

This process is 19 days long, which will provide a reference for the later three Board companies.

The announcement of the two companies' distribution arrangements and inquiry announcements also meant that the new three boards were newly launched under the first Internet access.

In twenty-first Century, the economic news reporter learned from the national stock transfer system that the inquiry and online purchase under the issuing network were carried out through the national share transfer company trading system. The issuing code is selected by the issuer within the scope of the issuing code section of the national share transfer system, which is "889001" and "889999" respectively, and the inquiry time is from June 23, 2020 to June 24th, 9:15-11:30 13:00-15:00 per day. Online and offline purchase time is expected to be July 1st.

Specifically, two companies have adopted the strategy of targeted placement of strategic investors (hereinafter referred to as "strategic placement"), under the network to the qualified investors' inquiry placing (hereinafter referred to as "under the net issue") and online to the opening of the new third board selection of trading rights of qualified investors issued price issue (hereinafter referred to as "online distribution") in a way to issue the work.

It is worth noting that the initial issuance ratio of the two enterprises is 60% and 70% respectively, which means that professional investors are the main participants in the pricing and issuance of new three boards.

Reporters also noted that one of the characteristics of the first two enterprises was worth analyzing, that is, the first two selected enterprises that had been issued and underwritten were already touted by strategic investors before issuing them. The proportion of initial strategic placement of Yingtai bio and AI Rong shares accounted for the proportion of this issue, reaching the upper limit stipulated by the rules.

According to the announcements disclosed by the two companies, Yingtai bio intends to introduce 8 strategic investors, including a public fund product rich country active growth one year regular open hybrid securities investment fund and a state-owned background industry fund Zhonghua Xingfa (Hubei) high and new industry fund partnership (limited partnership), all other industries are upstream and downstream industries.

AI Rong software intends to introduce 2 strategic investors, one for the public fund (Fullgoal Fund Management Company Ltd) and one for the securities company (XinDa securities Limited by Share Ltd).

"We can see that the willingness of strategic investors to participate is strong. This is also the norm for the new three boards to be selected in the future. Under the high proportion of the Internet and the enthusiasm of strategic investors, it also highlights that the new three boards are the real main force for new professional investors and institutional investors, and the targets for underwriting Future Ltd shares will also be those institutions. Ze Hao investment partner Cao Gang told reporters.

In addition, according to the reporter's understanding, recently, three new board investors began to exchange new strategies.

Xi Qingqing, a capital partner of Yun state, told reporters: "I think the core strategy of the new three boards is to concentrate funds on the top 1-2 stocks with the highest quality and cost performance. The principle of new three boards to fight new products is the proportional placement, that is, to fight more money. If the funds are dispersed, it is likely that each ticket will be reduced to a large fund. On the other hand, due to the complete registration and institutionalization of the trial, 100% of the passing rate will give the right to choose the market to judge the quality of the enterprise. The market will usher in differences sooner or later, leading to the failure of the issuing of junk tickets and the pursuit of high quality tickets. Instead of facing new failures or losses, it is better to concentrate funds on the high quality targets, with the highest profit expectation and the smallest risk.

According to Zhou Yunnan, founder of Beijing Nanshan Jingshi Investment Co., Ltd., new skills on Internet are mainly focused on whether new accounts are needed, but they are also divided into specific situations.

He said: "if the amount of money is small, but if you want to get more than 100 shares, you can use legal accounts to apply for 100 shares per household, but because of the" less than 100 shares ", we will set up 100 shares to each investor in accordance with the principle of time priority, until no remaining stock is available. The trick is to finish 100 shares and apply for new applications at the first time in the morning. If your new three board trading software supports night entrustment, you can delegate the bill on the day before 9:15 and send it to your broker at 9:15 to speed up the exchange channel. If the transaction software can not be commissioned overnight, it can only start at 9:15 to speed up investor hands, the trick is to open the Beijing timetable with Baidu, and multiple accounts and many people immediately knock down the 100 purchase confirmation key immediately after 9:15:00.

Create new three board speed

The key reason for the two companies to issue the underwriting part in June 18th is that the national stock transfer system and the SFC quickly promote the audit speed of the selection layer, which is also rare in the history of capital market.

According to the recent arrangement of the national share transfer system, the speed of the enterprise audit has not slowed down, but on the other hand, it is speeding up further.

For instance, the six enterprises that were newly scheduled for deliberation completed the audit on the same day in June 24th. This is the first time that the two round of deliberations has been held on the same day in the history of the national share transfer system.

Among the six enterprises being audited, there is a listed company, Xuan Xuan medicine, which submitted the application materials in June 1st. In June 24th, the company was scheduled to attend the meeting, with only 23 days in the middle. If Sen Xuan medicine can be approved by the SFC in July, it will undoubtedly be completed by the company within a month from the application process to the approval process of the SFC.

With the recent rapid review of the stock transfer system, the background of the Commission's efficient approval is undoubtedly that it will enable more enterprises to catch up with the expected listing of the first batch of listed companies at the end of July.

"According to this speed and previous expectations, this stage of the national stock transfer system will be closely audited to close to the selection application of 30 enterprises, and the number of the first batch of enterprises will also be arranged in 30 homes, that is to say, in the last month, the new three board market will enter a new stage of intensive development." A person close to the regulatory authorities in Beijing told reporters.

It is worth noting that, because the first batch of enterprises is advancing too fast, the public fund is not the first batch of enterprises to fight new main funds. At present, only 5 public fund products can complete the collection work to participate in the new competition, or this is the first big regret for the new three board market.

In addition, investment bankers have repeatedly suggested that we should not take the first batch of corporate audit tempo as the routine audited rhythm in the future. Reporters also learned that the parallel examination of the SFC and the national share transfer system will only appear in the first batch of enterprises.

"Ke Chuang plate to catch up with the progress of the first batch of opening, also shortened the process of audit in the early stage. The subsequent businesses resumed their normal rhythm, and the time for reporting materials to the market was 9 months to 12 months. It is expected that the national share transfer system will also be like this. A Hushang District insurance generation believed.

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