The Market'S Fear Of Management'S "IPO Poverty Alleviation" Is Hard To Imagine.

Because of the mid autumn holiday, many people worry that the Federal Reserve will raise interest rates after the holiday.

In fact, the Fed did not reach a consensus on raising interest rates in September. Even raising interest rates has limited impact on the long term low A share.

On Wednesday, the A share market fell 20 points, trading volume shrank.

It seems that before the decision of the 9.22 Fed decision, the market was dominated by shrinkage.

However, from the market trend, investors who hold Shanghai's state-owned assets reform stocks and assets restructured shares are still earning funds.

The key is stock selection.

The SFC spokesman stressed only that enterprises in the poverty-stricken areas who had paid taxes up to 20 million yuan for three consecutive years were "reporting immediately, that is, trial immediately", without emphasizing the listing standards.

So that most people in the market, including the majority of media opinion, did not read the full text of the "opinion". They came to the impression that the stock market would appear in a large number of poor enterprises in poor areas.

In fact, people have ignored the important content of "IPO supporting poverty alleviation": "adhere to the principle of" three principles "for various auditing matters in poverty-stricken areas, adhere to standards and not reduce conditions, so as to ensure stable and healthy development of the market.

1, the annual tax payment of 20 million yuan is equivalent to the annual profit of 200 million yuan. Such an enterprise is also considered to be the best among the more than 2900 listed companies.

2, the opinion only stipulates that qualified enterprises in poor areas can only jump the queue and give priority to reporting.

It is unfair to other companies who have queued up for several years.

But right

Investors are the same who comes first.

3, the market is worried that in order to balance the interests of all parties, management will probably have to work together to speed up the pace of listing and increase the supply pressure on the two tier market, resulting in the downward movement of the stock price center.

The key is whether the management can really ensure the stable and healthy development of the market.

4, because of the 2 batches and 28 new listings every month, it is already the expansion pace of Daniu market at 5000 o'clock last year.

If we can not exceed that amount in the future, the threat to the stock market is not great.

If we continue to increase the price on this basis, the stock market is difficult to generate big market, and the index is difficult to improve. It can only be structured.

Quotation.

Although these negative aspects still exist, the main part of the so-called "serious bad" has disappeared, and the bad is not as big as imagined.

This is a relief for investors.

It is believed that the market will gradually digest and make an objective comment on the opinions.

In the past, there were too many examples of the three stock markets and the legal system in China's stock market.

For example, in the early days of the stock market, it was openly suggested that the stock market would serve the state-owned enterprises to turn around the deficit. A good company would bind a deficit company to go public together.

For example, when Guo Shuqing and Xiao Gang were in power, China hydropower, China railway construction, China Railway, China railway construction, China Metallurgical and western mining industry were all reformed for less than a year, and the losses were not in accordance with the provisions of the company law and securities law.

However, the stock market is still coming. It also broke out the three rounds of bull market in 2000--2001, 2006--2007 and 2014--2015.

In my view, the SFC's new rules for poverty alleviation are not decided by Liu Shiyu, and can not be recovered.

As long as the SFC can adhere to the principle of two "no" (no drop or no reduction), there will not be many companies that have 200 million profits in poor areas, even if they are eligible for listing, and they will be listed as soon as possible next year.

The negative view of this opinion is objective, but not as big as the market imagined.

Finally, the index will be prepared for a long time at 3000 points. After all, the SFC will also take account of the stability of the market.

As long as investors are not ready to leave the capital market, investors can only face reality, light index and heavy structural hot stocks, and still have the opportunity to make profits.