1. In the article, Hu Xijin earnestly asked all provinces to cancel or significantly reduce this year's IPO plans.
He believes that the current downturn is painful enough for investors, and the new entry will exacerbate market volatility. The move is aimed at alleviating market pressure, investor panic, and creating a better environment for recovery. The cancellation or reduction of the IPO plan does not mean the withdrawal of support for new economy businesses, but rather an emergency measure taken in the current situation. He believes that this move will help smooth the transition and adjustment, avoid further damage to investor confidence, and lay the foundation for market recovery. But there are also those who have questioned the proposal, fearing that it will have a negative impact on corporate financing and development.
2. The A** market fell in the first two years and last year, and in 2024, it will also fall sharply at the beginning of the year, causing the Shanghai Composite Index and the ChiNext Index to hit new lows in recent years. In the face of irrationality, the establishment of a level of strict monitoring has been discussed again.
Why does everyone want to start leveling**? The function of leveling ** is to smooth the irrational fluctuations of the market and stabilize the market order by carrying out reverse operations in **, that is, when the stock price is too low, and selling when the stock price is too high.
Many mature markets have set up leveling. In 2015, A-shares saw significant volatility. The joint entry of securities companies and Huijin companies into the market has weighed on market sentiment. It is understandable that leveling has a certain effect on the stability of **.
3. A-share IPOs rise to the challenge!
In January 2024, the IPO market showed lasting vitality when the A** market faced the dual pressure of a sharp decline and a tight capital environment. A total of 14 companies were successfully listed in the month, an increase of 4 over the same period last year. This not only broke the gloom of the market, but also brought new hope to the majority of investors.
Not only are these newly listed companies numerous, but they have also raised a staggering 117$7.1 billion. yuan, an increase of 70 from a year ago11%。This growth rate is particularly striking given the generally expected downward trend. This shows that despite the complex and changeable market environment, excellent companies can still stand out by virtue of their own strength and market demand.
Fourth, recently, it has been rumored in the market that some ** companies use their ** ETFs to lend to short sellers through refinancing, and earn high interest while increasing ** sales.
Others said ETF net inflows exceeded $160 billion in January. RMB, this is a conspiracy of short sellers. They want to use ETFs as a tool for short selling.
Is there any basis for this claim?
The verified answer is that the refinancing of the shares is legal and compliant, and the company lends the shares through refinancing in order to increase the income. This part of the income will be fully included in the net value.
More importantly, there are 6 ETFs with a scale of more than 50 billion yuan in the market, and the market value of their refinancing and lending business accounts for no more than 6% of the scale, which indicates that the company has not lent its shares. On a large scale.
The management also has a clear restriction on the borrowing ratio, and it is understandable that the ETF shall not borrow more than 30% of the size, which is not the reason for the ETF to sell short.
Looking at the overall market situation, at the end of last year, 264 ETFs disclosed a total market value of 730 refinancing and lending business$2.2 billion. The renminbi can be said to be insignificant compared to the current total market value of A-shares. About 69 trillion yuan.