Why Does China'S Stock Market Accelerate Its Return To A Shares?

China stocks accelerated to return to A shares in order to get a higher valuation level and a better financing quota.

For the market, with the easing of entry threshold, the pace of stock return is expected to further accelerate in the future, which will increase the financing pressure of the market to a certain extent.

For the accelerated return of China's stock market, it is necessary to provide adequate supporting measures and adequate preparations; otherwise, the impact of China's stock market's accelerated return to the market is not to be underestimated.

Before the Qihoo 360 announced the $9 billion 300 million privatization agreement, it became the largest privatization deal in the stock market.

According to recent data, shareholders voted to adopt the privatization agreement at the special shareholders' meeting held on the day of Qihoo 360.

At the same time, recently, Wanda Commercial issued a notice that the controlling shareholder of the company was initially considering a comprehensive takeover offer for H-share, which is also an important move for Wanda business to enter privatization.

In view of the stringent regulatory system in the mature overseas market, the cost of listing overseas stocks is very high, and its financing expectations in the local market are not ideal. This is also an important reason for the accelerated return of the stock companies.

Take Wanda Commercial as an example, before it went to Hong Kong, it had considered listing in A shares.

Unfortunately, because of the serious problem of IPO barrier lake in the A share market and the impact of IPO's suspension several times, it also has a further impact on Wanda's commercial financing process.

Affected by this, Wanda Commercial had to abandon the A share market, and then moved to Hong Kong stock market.

After the listing of Wanda business in Hong Kong, the financing effect is not satisfactory, and its valuation in the Hong Kong stock market is in a state of depression.

Since last June, the market share of Wanda has been in a state of decline due to the market downturn. Its corresponding market value is flagging.

As a result, it is also a trend to return to the A share market again for the Wanda business, which urgently needs to widen the financing channels and increase financing.

On the contrary, for the storm technology that landed on the A share market in 2015, its post market share price performance has left a deep impression on the market.

In the less than three months of listing, the stock price surged from 9.43 yuan to the highest 327 yuan, and its corresponding market value was over 30 billion yuan.

It can be seen that under the strong money making effect of the storm technology, the valuation of the A share market to the listed companies, especially the Chinese stock companies, is much higher than that of other markets.

This not only promotes the financing demand of enterprises, but also enhances the brand influence of enterprises. At the same time, it also stimulates the power of Chinese stock companies to accelerate the return to the A share market.

However, it is undeniable that during the accelerated return of the stock market, they not only valued the unique valuation charm of the A share market, but also valued the easing of market access channels for A shares, thus creating positive effects on the return of such enterprises.

In fact, for the Chinese stock market, the future return to the A share market is mainly inseparable from these modes, including IPO issue, backdoor listing, landing on the new three boards or strategic emerging board market.

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As far as issuance is concerned, the current registration system has not yet been fully developed, and in the "13th Five-Year plan" plan, it emphasizes the "creating conditions for the implementation of the stock issuing registration system". Therefore, the probability of registration in the short term is not large. However, in the process of "creating conditions", the gradual improvement of the supporting measures will lay a solid foundation for the implementation of registration system.

For the strategic emerging board, there is no word "strategic emerging board" in the 13th Five-Year plan outline.

However, for the establishment of strategic emerging board, in fact, we need to make in-depth research and demonstration.

Thus, for the strategic emerging board, the probability of launch in the short term is not large, which will affect part of the process of stock return.

The author believes that the phenomenon of accelerating the return of Chinese stock companies has both advantages and worries.

The advantage is that with the return of part of the stock companies, it will be given

Bring more mature and effective experience.

At the same time, if some outstanding stocks can return to A shares, it will play a good guiding role for domestic listed companies, and conducive to the long-term development of the stock market.

Its disadvantages are mainly reflected in the following aspects.

First of all, the Chinese stock market accelerated to return to the A share market, aiming to get a higher valuation level and a better financing quota.

For the market, with the easing of entry threshold, the pace of stock return is expected to further accelerate in the future, which will increase the financing pressure of the market to a certain extent.

Moreover, China's stock market has accelerated its return, or it can not do without the phenomenon of wealth creation, thus exacerbating the contradiction between the two distribution of stock market wealth.

However, how to regulate the cash holdings of large shareholders or executives has a direct impact on the immediate interests of investors.

At the same time, with the accelerated return of such enterprises, how to effectively protect the legitimate rights and interests of future investors is also a key issue.

In addition, the accelerated market will accelerate the market.

The phenomenon.

Under this background, how to improve the market's survival of the fittest and strengthen the annual effective delisting rate of stock market will be a key point in the background of the stock market's capital environment.

It should be noted that while delisting the market and raising the market delisting rate, we should pay more attention to protecting the legitimate rights and interests of investors, and not allow investors to become victims of the market's survival of the fittest.