How Much Impact Does The Allocation Of Capital Have On A Shares?

To date, the size of the A share market has fallen to the level of 960 billion yuan, which is more than half of the highest 2 trillion and 270 billion in mid June.

As for the A share market, the size of the over-the-counter allocation has also been greatly reduced. As for the non-standard allocation business, which has long been hidden in the market, it has also been cleared up in large areas.

This shows that after a vigorous "deleveraging" process, the overall leverage ratio of the A share market has been rapidly reduced.

At the same time, the potential systemic risks in the A share market have been well released.

Perhaps, as the stage of allocation of capital is coming to an end, in fact, the impact on the A share market has been much worse than before.

However, the author believes that although the "deleveraging" of the A share market is coming to an end, the vigorous and vigorous allocation of funds in the early market has given the market a heavy psychological impact.

At this moment, in the face of the market rebound, for investors, especially large investors, their operational strategies tend to be cautious.

Obviously, after a baptism of stock market turmoil, many funds returned to reason.

"Cheng also levers, failed to leverage", in the past three months or more.

It is reflected in the market.

In this regard, as the market continues to accelerate the clearance of OTC assets, the impact of leveraged funds on the A share market has plummeted.

Specifically, the scale below 1 billion yuan will be completed before September 11th; 10 to 5 billion yuan will be cleared before September 18th; and below 15 billion yuan will be completed before the end of September.

As for the stock size of more than 30 billion yuan, it is required to be cleared before the end of October.

This shows that, in accordance with the normal process, it means the present.

The stock allocation work has been completed largely, and the A share market's "deleveraging" work is coming to an end.

However, it is worth mentioning that, in the middle of last month, regulators also took a new way to clean up the allocation of funds, that is to say, we should not simply take the "break up" method to complete the liquidation of capital allocation.

In this regard, on the one hand, it has given the market a certain free space to clean up the off-site funds; on the other hand, it indicates that the A share market has gone into a "stable and orderly" stage.

However, from another perspective, the move also delayed the period of market clearing and capital allocation to some extent.

In addition, the market has entered the market since October.

There are also new moves to clean up.

In recent days, regulators have asked for an operation to close and sell their rights to the parachute account, and not long ago, the market had already closed the buying rights of the umbrella parting account.

As a result, with the market's two-way restriction on its trading rights, the operation process of such accounts is further complicating, and the over-the-counter allocation process has also been significantly accelerated.

It is undeniable that in the past three months, the "deleveraging" of A share market has been increasing.

At the same time, in the process of accelerating the "deleveraging", the market also has a certain impact on the market.

Among them, the stock market turmoil that occurred between June and August this year is a direct consequence of the excessive clearance and allocation of funds.

However, with the end of the A share market allocation and liquidation, it has further weakened the impact of the allocation of funds on the market.