More than 1,000 A-shares fell to the limit, and the three major indexes collectively refreshed new lows. At present, the Shanghai Composite Index is down 255%, the Shenzhen Component Index fell 349%, the GEM index fell 309%。The STAR 50 index fell even more by 425%, the total turnover of the Shanghai and Shenzhen markets is only 4177$2.5 billion. There are only more than 100 *** and more than 5,200 shares**, and more than 1,000 shares are down limit. What is the reason for this situation? There are various voices, and some analysts believe that it may be related to a variety of factors at home and abroad.
In recent years, local debt has exploded, because I am engaged in non-performing assets, so I only talk about the relationship between non-performing assets, from the No. 35 document issued by the State Council "Guiding Opinions on the Debt Risk Resolution of Financial Support Financing Platforms", a series of requirements for local debt resolution have been proposed. Various financing channels tend to be tightened, which has a great impact on urban investment. Emphasize the overall requirements, implement the plan to resolve local debt risks, strictly control incremental debts, and prudently dispose of existing debts.
In a word, the above does not matter, and the debts of various localities must be cleared up by themselves. However, when it comes to the provinces, the provinces are not willing to pay out of their own pockets, so they use the name of the urban investment mother to package all kinds of non-performing assets into listed companies, so it is often seen that many companies are 780% in debt. That means that it has reached the point where it can't survive without listing. Then promote the IPO, attract foreign capital to buy, and let the ** digest non-performing assets.
But everyone is not stupid, foreign capital has run away when they see that something is wrong. Only**, the institutions, ** to take the blame. This is also in line with the national requirements of the economic soft landing, a hard landing is smashed in the hands of the **, and a soft landing is smashed in the hands of the people. Therefore, the ups and downs are endless, and it is related to various funds and the system. If you want to **, it depends on when you will no longer issue new shares, and you will be able to start warming up if you don't wipe your ass for the provinces. When the digestion related to these hundreds of non-performing assets is almost complete, it can begin**. Don't shout that you must strictly control the entrance, and vigorously improve the quality of listed companies, but the action does not stop at all, and the so-called junk shares have been issued.