129833943194062500_381Analysis on the International Board: red chips return to annual financing of billions
Imaginary fears. In a State of flux under the double pincer attack, rumors again hit a-share international Board. Eight ministries such as General Office recently forwarded the national development and Reform Commission of the guidance on speeding up the development of international cooperation and new competitive advantages, offered to foreign enterprises to the territory of the timely start pilot denominated stocks. June 4, index of low Gap opened, midday in huzhi close 2331.25, down 42.19. At noon
SWTOR Credits, the Shanghai Stock Exchange to clarify, recent international Board has no substantive initiatives. But this message is not a-shares fell
SWTOR Credits, as at the date of closing, the Shanghai composite index its biggest one-day decline since nearly six months, falling 2.73% throughout the day. After the close, the SFC also came forward to say that, considering international launches no timetable.From Yi League player statistics, in Shanghai and Shenzhen full-day staggering net outflow of funds of more than $ 12 billion. Where deep net outflow of funds in each of the two cities of Shanghai, $ 6.11 billion and $. Shenzhen 74 industry groups, rose only 1 plate and the remaining 73 stocks fell. Of which, the day before the main net selling of four parts which areCoal futures, real estate, banking, securities, net outflow of capital amounts throughout the day amounted to 919 million,, 732 million, respectively. The same day, Southwest securities analyst Zhang gang told reporters that, from the day the market reaction, investor understanding of the International Board is about to launch as a "crash" of understanding, now renewed international pushPoint are somewhat baffling. Analysis shows that from Everbright securities analyst Xue Jun, its underlying assumptions first listed red chips as the principal international Board, simulated by a red chips the size of international financing, and h-shares in recent years red chips return to the frequency and amount of simulation on the a-share market financing. Return of h-shares peak occurred in 2005-2007 between years. Their selection after 2005 as the calculations based on, since 2005 listed companies on average close to 4 per year, an average of $ 72.7 billion IPO practice every year to raise funds, raise money for every publicly traded company 19 billion yuan. Can be pushed on from the measure, if similar rhythms and frequencies of red chips returning and h shares, to return every year 4The basis-6, each financing at about $ 19 billion, roughly 76 billion-an average annual raise funds around 114 billion yuan. According to the above estimates, currently weak a-share is clearly overwhelmed. In fact, the IPO of shares currently bears enormous "task". Flush iFinD statistics indicate that, since the beginning of this year, including the firstFinancing, and refinancing, the a-share market financing amounted to 184.461 billion yuan. As of May 31, IPO proceedings (including in the first instance
Diablo 3 CD-KEY, implement the feedback, postponing the vote, suspension review, have been disclosed in advance) enterprises as a whole reached 582. Hongyuan securities analyst Li Bin believes that international funds diversion effect for a share of influence, not only to much more than the New York Stock Exchange, And mature international securities markets, such as the London Exchange opened after the International Board's influence on other markets, also over Japan, and Brazil, opening the international impact on the local stock market after market. "You can expect, their distribution in the market system and trading system designed to be more mature and international market. New release system and trading system will be greatly attracted capital inflowsNew market, causing blood loss in the other market. "Li Bin said. In addition, the International Board of the future market size may be much more than a general exchange of international market. According to statistics, including the New York Stock Exchange, London Stock Exchange, the NASDAQ Exchange all volumes of the deals are usually in the international market 20%. But taking into account the International Board had planned market outside of RedBlue chips as an important part of the international market in the future, and the red-chip companies (such as move) scale, therefore, international market likely to far exceed expectations, as if 2007 oil return to China a-share Fund pressure on board market. At this point, mention the International Board is clearly substantial blow to the already fragile market. DachengjiGold (micro-blogging) about said a-shares largely converging attack of three bad effects on the day. First of all, is the recent release of May economic data poorly, followed by overseas economic prospects worrisome, and rumours of a forthcoming international plate. Statistical data show that May PMI data 50.4 per cent down 2.9%, and since the 2005 release of May calendarHistory from the fall flat, but overall is lower than market expectations. Similarly, announced on June 1 of the United States in May nonfarm employment weak, investors worried that United States economic recovery is weak.
Responsible person of the Golden Eagle Fund also told reporters that, eight ministries and commissions United blowing the International Board to investors causing great psychological pressure. Fear of diversion of funds on the one hand and brought to marketConcerns fall on the other, caused further pressure for valuation standards on valuations. Integrated two-factor makes investors risk appetite showed a significant decline in the short term. Thus, short-term capital flow, changes in stock market valuations and investor ideas have a certain impact, some negative impact on the market.
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