Tuesday, November 23, 2010

Tiger Hill as the stock market misappropriating

 More than 5.4 trillion yuan. Among them, the corporate equity financing 2.5 trillion yuan, 2.9 trillion yuan corporate bond financing.
finance function is one of three major functions of capital markets. nearly two decades, financial markets through Equity financing 2.5 trillion yuan, not only on its economic development on the great contributions made at the same time also witnessed China's capital market from scratch, from small to large development path.
no doubt that equity financing fulfilling its functions, need to focus on certain market environment and the not located in the finance and investment in the context of place, Financing is inhibited. This year's stock market, at the top have introduced measures to stimulate the economy,UGGs, in the central bank and vigorously promoted the release of liquidity, fueling the rise in investor enthusiasm, the stock has experienced a wave of ; market. And with the stock index's rebound,cheap UGG boots, suspension re-9 gate opening IPO shares of individual stocks, the refinancing of listed companies are also hot up.
IPO restart, from June 29 to September 9, Shanghai and Shenzhen 24 issue of new shares the market, many of them as Chinese architecture, Everbright Securities, China Metallurgical and other financing in excess of billions of Big Mac. In addition to Chengdu and Chongqing in Sichuan earnings release as a All more than 30 times, and as Chinese architecture,UGG boots, Everbright Securities,UGG bailey button, Austria fly animation, with its earnings release is more than 50 times as high. Its shares have not yet listed, has long been a IPO dollars. If we take into account the Wuhan Iron and Steel 12 billion, China Merchants Bank 15.0 billion, Vanke A112 million, Chalco 100 billion, 15.0 billion Shanghai Pudong Development Bank and other listed companies issued by the shareholders or the Commission of the General Assembly, but not yet re-financing amount It can be said that this year the refinancing of listed companies has set off a wave of orgasm.
after the index began in August continued into the fall, with the first half of the increase is too large, but not with central bank monetary policy, also with listed companies, of listed companies market distribution, only the name of the market without the market in reality. IPO shares frequently appears after restart of the for listed companies, twenty trading days before the pricing benchmark stock price of ninety percent trading day average price . And with the provisions of the refinancing of listed companies to maximize the refinancing when the far the interests of investors aside, the same description of the A-share market financing system drawbacks and defects. I think that changing the A-share market position is not correct status, regulate market financing behavior, really good job in the real protection of the interests of small investors, is no time to waste.

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