CNPC Was Fully Circulated On Friday &Nbsp; The Most Recent Lifting Of The Ban Was Paper Tiger.

Analysts say

November is this year.

In the lifting of the ban peak, the most notable market is the lifting of the ban on A shares of PetroChina on Friday.

The lifting of the stock market accounted for 86.74% of the total value of the month.

According to PetroChina's closing price of 11.4 yuan yesterday, the market value of lifting the ban amounted to 1 trillion and 800 billion yuan, equivalent to 40 times the market value of China's oil previously.

In November 5, 2007, the two largest aura of PetroChina's "most profitable Asian company" and "the largest market capitalization of global capital market" returned to the A share market.

After three years, the 157 billion 922 million shares of major shareholder of China Petroleum Group will expire in November 5th.

With the lifting of the ban on the sale of PetroChina's 100 billion restricted shares, the A market will also be the main holder of the first circulation market value. PetroChina will surpass ICBC and successfully win the first prize in the A share market capitalization and become the largest stock market in the A share market.

After the lifting of the ban, except for the Agricultural Bank of China, all the top ten A companies, including the ICBC, the Construction Bank, the Bank of China, China Life and China Shenhua, have achieved full circulation. By the end of the year, the total share capital of A shares will be more than 80% of the total share capital.

It can be said that A shares have entered the era of full circulation.

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For the lifting of the ban peak, especially the large-scale lifting of the ban on China's oil, will bring much pressure to the market?

Analysts in the industry say that the most severe lifting of the ban on the restricted shares will be a "paper tiger".

The possibility of large shareholders "cash in cash" is also very small.

Due to the lifting of the ban on PetroChina, the shareholders involved are only two members of the China Petroleum Group and the National Social Security Fund Council. They are all state-owned shares and the shares are state-owned shares. Therefore, the two largest shareholders have little desire to reduce their holdings through the two market, which has little impact on investors.

In addition, from the historical data, the last lifting of the ban peak in October 2009, the A share market has not been affected by the lifting of the ban, the Shanghai Composite Index has risen by 7.79%.

Qilu Securities analyst Zhang Wei believes that although PetroChina occupies the vast majority of the total lifting of the ban in November, in fact, the lifting of the ban will not cause a sell-off in the market, or even a zero sell-off.

After the lifting of the ban, there are two reasons for the sale of shares by major shareholders, or because the company's share price has been seriously overestimated. Large shareholders want to make some profits as a result of high cash dividends, or because big shareholders are in a tight corner and are forced to cash in on urgent need of money.

PetroChina's current stock price corresponds to a price earnings ratio of more than 15 times, and the stock price is not overestimated. Moreover, the current price of PetroChina is almost the same as that of the largest shareholder of PetroChina at the end of 2008, while the major shareholders of PetroChina do not have the desire to reduce their holdings at the current price level.

In addition, from the current market, the trend of resource stocks is better, which will inhibit the decline of China Petroleum.

On the contrary, it is not ruled out that the market will be raised because of the lifting of the ban.

To sum up, the lifting of the ban on PetroChina is favorable to the medium term trend of the market.