Rebirth: The Financial Giant

During the two days of weekend weekends, the news coming out basically agreed that this rebound was closely related to the arrival of the CIIE.

On the weekend of November 5th, Lu Ming's private plane landed at the Shanghai airport, and he also came to this city.

However, his arrival was not publicized much and was very low-key. The outside world basically did not know that he was coming.

After arriving in Shanghai, we rested at the hotel where we stayed.

Are you sure you don't want to attend tomorrow's conference? In the hotel room, the accompanying secretary assistant Han Qiulin asked Lu Ming again. The latter nodded and said calmly: Let's not try to establish our presence. You have to choose the right time to be in the limelight. It's not who You can steal the limelight.

Hearing this, Han Qiulin was thoughtful and seemed to understand what Lu Ming wanted to express, so she stopped asking about this matter.

It's really not a good time to be in the limelight, and the main purpose of coming to Shanghai is not for the CIIE. This has nothing to do with Tiansheng Capital directly.

The main purpose of coming to Shanghai this time is to talk to people on Wall Street about foreign investment in the A-share market.

Han Qiulin: In addition, people from Wall Street have also arrived. Staff from both sides have started to contact and are arranging meetings.

…

The next day, the highly anticipated first CIIE was held as scheduled, and the A-share market also ushered in its first trading day this week.

Today, Big A caught many people off guard at the opening of the market. On such an important day, the index actually gapped and opened lower by -0.51%, which was simply not a shame. This made investors who were optimistic about the market outlook very depressed and even more angry.

The stock investors vented their anger, which was a bit unacceptable. Even if they opened high and went low, they didn't even bother to take action.

On the other hand, the CIIE opened as scheduled. As time goes by, A-shares will set up a new section, the Science and Technology Innovation Board, and it will be officially announced at the conference as a pilot stock issuance registration system.

The news caused a sensation in the domestic capital market. Discussions on the registration system have been going on for a long time. They are even looking forward to the arrival of the comprehensive registration system in Big A. Today’s news can be said to play a major role in its key implementation.

Today's announcement is tantamount to telling the market that the stock issuance registration system has ushered in a huge breakthrough.

But not long after the news came out, Big A took a dive, confusing investors again.

You fell today? This is completely disrespectful. I advise you to be kind!

“The registration system is already here, shouldn’t there be a big increase?”

The promotion is over a long time ago, today is just hair condom day!

Unexpected, but also reasonable. It is not a comprehensive registration system. It is just a pilot registration system on the newly established Science and Technology Innovation Board. This is not only a good thing but a bad thing. There is not much market capital in the first place, and now there are more openings. If there is a board, funds will inevitably be diverted, and there is not much incremental funds outside the market, so it will definitely fall!

Brother, I'm just looking for an excuse before the market is closed. If it rises again later, it will be a slap in the face.

Hahaha~~

By the way, what exactly is the registration system? Can anyone explain it to me?

The registration system, simply put, means that the review agency only reviews the information of the company to be listed, and is only responsible for the authenticity of the documents disclosed by the listed company, but does not evaluate its quality. Therefore, the registration system lowers the listing threshold for stocks, but It also shows that the risks are greater.”

In the future, stocks on the Science and Technology Innovation Board will be called registered stocks. The threshold is low. Companies can be listed without making profits, and they can also be listed with depositary receipts. The risks of such stocks are greater than those of approved stocks.

What are the thresholds for entering the Science and Technology Innovation Board? Curious!

Judging from the information disclosed so far, Vanke's stocks on the Innovation Board must meet the daily average assets of 500,000 and the two-year trading threshold. The capital threshold is five times that of the GEM. Basically, there is nothing to lose, and you can get it Anyone who invests 500,000 yuan in liquidity to speculate in stocks must be a middle-class person.

500,000 entry threshold? That's okay. It has nothing to do with me.

…

With the announcement of the establishment of the Science and Technology Innovation Board and the pilot registration system, various big names in the capital circle and ordinary investors are more or less discussing this matter.

Another aspect of the Science and Technology Innovation Board under the registration system that has attracted much attention is the expansion of its price limit.

The maximum price rise and fall of stocks approved by the main board on the first day of listing is ±44%. According to current news, the stock price limit on the Science and Technology Innovation Board will not be waived for the first five trading days of listing, and will be implemented on the sixth trading day. With a ±20% rise and fall limit, a floor or floor can achieve an amplitude of close to 40%. The benefits are greater but the risks are also greater.

However, what can be seen is that due to the increase in entry barriers, most retail investors feel that the leeks on the Science and Technology Innovation Board are not easy to cut, and those who can play here must be ordinary chicken thieves. Basically, It's all a game between sickle and sickle.

In other words, the liquidity of the Science and Technology Innovation Board cannot be compared with the main board, nor can it be compared with the GEM.

After all, no one is stupid. If a company listed on the Science and Technology Innovation Board is really a junk stock and has no future, its stock price will definitely not rise. Even if the stock price rises to the sky, it will only be an imaginary number that cannot be realized because no one will take it. , only truly good companies, companies with a future, will be favored by the funds in the Science and Technology Innovation Board.

To put it figuratively, the main board and the Science and Technology Innovation Board are like having too many leeks and not enough sickles to cut them off. However, the Science and Technology Innovation Board that is about to open is just the opposite. Due to the isolation of entry barriers, There are a lot of leeks, so there are too many sickles and not enough leeks. There is nothing to cut if you want.

As the Science and Technology Innovation Board was officially announced, within a few hours, various online news emerged one after another.

The news that Pinduoduo was going to be listed on the Science and Technology Innovation Board spread like wildfire at this time and attracted much attention. Since the company canceled its listing in the United States, the capital market has always paid attention to it. Many people speculated that Pinduoduo will be listed on the Science and Technology Innovation Board. If Duoduo wants to be listed on the A-share market, it must go to the GEM. This is also recognized by many investors.

But after the Science and Technology Innovation Board came out, the listing of Pinduoduo once again sparked widespread discussion, and the GEM subsequently fluctuated widely. Regarding this news, the GEM was relieved and felt that it had missed something. .

I feel relieved because Pinduoduo can't list on the GEM to avoid the financing drain of a giant with a market capitalization of 100 billion, but for investors on the GEM, it means losing a good and good stock.

Although Pinduoduo's reputation is mixed, few investors deny its commercial value. If it can fight its way out of the cracks of giants like Ali Jingdong, it won't be any worse.

As long as it can make money and the stock price has room to rise, it doesn't matter whether Pinduoduo has a good reputation or not, capital won't care about that.

One wave after another, and then online rumors broke out that the so-called first batch of 75 companies on the Science and Technology Innovation Board will be listed on the opening day. In fact, there are only 25 companies.

According to reports, these companies are mainly located in emerging technology industries such as biomedicine, semiconductors, and new energy.

It is rumored that among the 75 companies, 27 belong to the computer, communications and other electronic equipment manufacturing industries; 24 belong to the special equipment manufacturing industry; 9 companies belong to the railway, shipbuilding, aerospace and other transportation equipment manufacturing industries; 6 companies belong to the Software and information services industry; 3 companies belong to non-ferrous metal smelting and rolling processing industry; 3 companies belong to instrument manufacturing industry; 3 companies belong to general equipment manufacturing industry.

Good guy, this news just came out, and Big A was so frightened that he fell down. Investors who saw this news only had one thought in their minds. 75 companies were listed at the same time. How much blood will be drained from the market? can not imagine……

Investors didn't care whether it was true or false, and just ran away. So the reaction on the market was a big dive, and funds fled after hearing the news, scrambling to be the first.

…