Pi Haizhou: The Supply Of New Shares Is Increasing.

Xiao Gang, chairman of the securities and Futures Commission, said that in order to promote the steady and healthy development of the stock market and actively promote the reform of the registration system of stock issuance, we should appropriately increase the supply of new shares on the basis of maintaining the balanced issuance of new shares and stabilizing market expectations on the basis of the enlarged meeting of the Central Committee on economic work conference held by the SFC recently.

"Timely and appropriate increase in the supply of new shares" was the first time since Xiaogang put forward the "100 release plan" in May 19th this year.

In November 21st of this year, Zhang Xiaojun, a spokesman for the securities and Futures Commission, said that in the next few months, it will still be released according to the progress of the first few months and will not be released at the end of the year.

This is actually expected.

After all, significant changes have taken place in the A share market since November 21st.

From November 24th to December 9th,

The market appears "mad cow" trend.

In the face of "mad cow", it is normal for the SFC to consider "timely and appropriately increasing the supply of new shares". This is the need to "promote the steady and healthy development of the stock market".

Moreover, "timely and moderate increase"

It is also a relief.

The need for stress.

In recent years, the A share market has built up IPO dammed lake.

At present, there are more than 600 enterprises queuing at the gate of IPO.

These enterprises are looking forward to the early realization of the purpose of issuing shares.

In May this year, the SFC implemented the "100 home issuance plan" based on the stock market downturn at that time, and the market talked about IPO color change.

Today, the stock market has increased substantially, which has created the conditions for quickening the issuance of new shares.

Of course, the "timely and appropriate increase in the supply of new shares" has once again proved the "pig raising theory" of the stock market.

China's stock market has created a wave of rising prices, and the stock market will rise to a certain point, which may create conditions for better issuance of new shares.

With the accelerated issuance of new shares, the stock market may be heading for a downturn again.

This is a strange circle that the Chinese stock market can hardly escape from the "financing center".

On the 15 day, the A share market showed a big drop in the market. "Increasing the supply of new shares" is undoubtedly one of the negative factors.

However, for the current stock market, it is obvious that there is no time to kill pigs.

"Timely and appropriate increase in the supply of new shares" will not have a big impact on the stock market in the short term.

At least according to the SFC's statement, the IPO is also required to "maintain the balanced issuance of new shares on a monthly basis and stabilize market expectations".

As for the real situation, it is of course necessary to consider specific arrangements for new issue.

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Recently, the stock market fluctuates greatly, and many private equity funds are "full of warehouses". What is more tragic is that many quantified hedging products have not lost their performance but suffered losses.

The reporters found that the "height quantization 1" product of the high rise investment public offering has achieved steady and excellent performance since its establishment at the end of last year. Chaoyang perpetual data show that its performance has risen sharply in the recent month's market, greatly exceeding the same period performance of the vast majority of quantified hedging products. To 43%, this year's cumulative income has rushed into the top 10 of the "Chaoyang perpetual private placement list", and has become a recent dark horse.

"One of the characteristics of this market is huge volume. The Shanghai and Shenzhen stock markets once exceeded 1 trillion and 200 billion yuan in daily turnover, and the scale of market financing also began to approach trillion yuan.

Judging from the historical law, there will always be a relatively large market after the volume.

So, for the time being, the market should be relatively optimistic in the coming year. It is possible for the Shanghai and Shenzhen 300 index to break through the 3800 point mark in 2010 and further challenge the historical high point of 5800.

Ding Shuai, director of investment in height investment, thinks, "of course, the process of challenging historical heights may be more complicated and will not happen overnight.

It is estimated that before New Year's day, the market will oscillate in the current level, wait for the opportunity, and the market will gradually warm before the new year's day.

There may be a high level in May next year, but it is expected to continue to rise after adjustment.

A bull market will last for more than a year and a half. If the end of June 2014 is the standard, the probability that the market will reach a relative high point before and after the Spring Festival in 2016 will be greater.

"Wei"