The two most fundamental functions of the international capital market are financing and investment. However, in China's market there is only a financing function while the investment function has been lost. Companies are deliberately packaged for listing, inferior goods are passed off as good ones, insider trading occurs, profits are made but dividends are not distributed for years, and the management issues new shares wantonly for political achievements, maliciously circles money, and finances infinitely. As a result, old stock investors suffer heavy losses and angrily leave the stock market, issuing warnings such as "stay away from the stock market" and "stay away from drugs". This is also the "best" evaluation of the management by these old stock investors over the past decade... More than 500 new stocks are waiting to be issued, but this does not have any practical significance on the stock market, it only has a psychological impact. Moreover, 100 of them can't compare with the size of PetroChina back then. In case such a situation affects the stock index, at that time, mysterious hands like Huijin and pension funds will come out. Sniper Niuniu believes that you will never see 1664 again, perhaps not even in your lifetime. Don't believe others when they say that once it falls, it will reach 1800... Judging from the recent trajectory of the overall market, the market has not stopped advancing due to the "more than 500 new stocks waiting to be issued". The rebound of the Shanghai Stock Market Index has not only stabilized above the 60-day line, but also approached the upper rail of the long-term downward channel, showing that institutions... Therefore, we cannot solely judge whether the market is weak or strong based on the disclosure of this information. The strength or weakness of a market is composed of multiple factors, and the market also has its own operating rules. Currently, the news of more than 500 companies queuing up for listing is at most a bearish adjustment message for mainstream funds, used to complete a larger bottom structure, rather than the core factor that continues to suppress the stock market from strengthening... The result we see after the reform of the CSRC Issuance Examination Committee is that more than 500 new stocks are queued up for issuance. There are already more than 500 now, and who knows how many there will be in the future. If each stock raises 1 billion yuan, that would be 500 billion yuan, if each raises 4 billion yuan, that would be 2 trillion yuan, and too much for us to calculate. Everyone wants to raise money! Everyone wants to squeeze some oil from the stock investors. We don't know how much oil water the retail investors still have left to be squeezed. When the retail investors' oil runs out, we will see what they do. Killing the chicken to take the eggs can only cut off their own way out... As the voices of stock investors grow louder, the management has also begun to pay attention to the problems of the new share issuance system. Although the news of more than 500 new shares waiting to be issued sounds frustrating, analyzing from another perspective, with the continuous improvement of the new share issuance system, the "three high" phenomenon will be effectively curbed, which may bring a new look to the A-share market... From a short-term perspective, a technical rebound will be a trend. First, the peripheral market has shown a leading rise; secondly, it is also a wave of technical rebound caused by the deep decline of the Shanghai and Shenzhen indices. Currently, there is no possibility of a major reversal, at most it can be considered as an intermediate rebound, and the height of the rebound... Currently, IPO has become the talking point for the government and major institutions. When the market rises today, people probably say "not afraid of IPO financing", and when it falls one day, they switch to talk about "IPO causing the fall". In fact, the core of IPO lies in: smoothing out the mechanism. Imagine if IPO listed companies are of high quality, reasonably priced, and distribute dividends, then they would become "hot items"... The valuation of A-shares has already become very cheap. Recently, the stronger performance of Shanghai compared to Shenzhen indicates that: looking at the individuals that have a greater influence on the index, the Shanghai-listed stocks represented by banks and oil companies have clearly outperformed the Shenzhen-listed stocks affected by real estate regulation, indicating... Look at three points: first, the pace and volume of financing arranged for listing; second, the price and P/E ratio at which they list; third, whether the company's performance has real growth potential! For the more than 500 companies queuing up for listing... The joy is: the new share issuance review is becoming increasingly transparent! The sorrow is: the pace of raising money shows no sign of slowing down! Although not all these queued-up companies can smoothly go public, and some companies are likely to, according to market conditions, adopt measures similar to Sinohydro, New China Life Insurance, Boyang Bedding official website, CCCC etc., issue reduced shares or lower the issue price to go public... If the overall market environment is panic falling, of course there won't be any stock investors coming to subscribe for new shares. As long as the overall market continues to fluctuate up and down for consolidation, the new shares are subscribed one by one, and most of the circulating chips are in the hands of stock investors, at this time the main force will choose to sell off and create a panic atmosphere... A large number of new shares issuance means that new shares will absorb part of the funds, which will affect the price trend of other stocks. No matter how the media hype it, it cannot change the fact that the issuance of new shares diverts funds; it is taking money out of investors' pockets... After the CSRC announced a list of 515 companies waiting to go public last week, in the past two days, many people have been criticizing the CSRC for announcing a list of 515 companies waiting to go public, hyping about the huge financing pressure... If the A-share market wants to welcome a big bull market in 2012, a miracle must occur. There are two conditions for a miracle to happen, meeting either one is enough: one, the stock market environment gets completely purified. I believe that the environment of the A-share market will eventually be thoroughly purified, but I don't believe it will happen in the short term... Now our retail investors also face the reality of more than 500 new shares waiting to be issued. This is simply a huge blow to me. Why? Because the lottery has a chance of 1 in 49, while stocks... 3000 in 10, but the management disagrees, they think there should be 5000 or... As the market develops in depth, everyone will gradually transition from tension to acceptance and then to forgetting about the impact of new share issuance, not only will it not affect the main upwave of the market trend, but when the index reaches a higher level, the new shares may also be appetizing... http://www.lovojf.com/beyond www.binglong.net Related thematic articles: Boyang Bedding four-piece set "Finance, real estate show adjustment trends under the suppression of the 60-day moving average Boyang Bedding how is it Previous value not revised Boyang Bedding how is it Real and substantial