The index is seven consecutive yangs, forcing the air war. The bears were rubbed on the ground by the bulls and the policy. After Lingjun Investment's quantitative trading was punished and regulated, and after the trading was restricted, the market's malicious short-selling funds basically stopped, and the index began to rise steadily.
For seven consecutive days**, the direction was concentrated in the big finance and technology sectors. The most contribution is still weight, and the top companies in terms of market capitalization are the most powerful!
The main reason why the market began to regain confidence was that the market environment improved, short-selling began to subside, the delisting system began to improve, and A-shares ushered in the best environment in history.
Northbound continues, but note that the current operation is still the first line of thought.
In recent years, the best policy ever heard!
Just after 11 o'clock last night, the management released a document that shook the market, announcing that it would conduct a comprehensive backcheck of the IPO data of the past ten years. This is no ordinary operation, but a real review. It is foreseeable that the phenomenon of IPO queues may gradually decrease, and the days when shareholders were once regarded as pick-up heroes are gone.
The focus of this review is on those companies that are known as "demon stocks", companies whose performance has changed dramatically, and listed companies whose stock prices are significantly higher than the issue price. For those new stocks, once it is found that the performance has changed, it will be resolutely rejected to avoid the company falling into the predicament of delisting. For those companies that are queuing or have withdrawn their materials, they are also within the scope of review.
For example, a company like Zhejiang Guoxiang, which was once in the spotlight, may face a long listing dilemma due to the pressure of censorship. For those companies that have withdrawn materials, the review will not be soft, and even if the listing fails, it may be judged as a fraudulent issuance and face large fines.
The purpose of this action is to improve the delisting system and make the export of IPOs smoother. For those unqualified listed companies, they will be resolutely eliminated. This can not only improve the quality of listed companies and increase investment returns, but also allow capital to be more concentrated in high-quality companies and reduce market valuations.
In the short term, this news may have a certain impact on the market. But in the long run, it's a good reform. Only by governing from the source can the A** field truly prosper.
* Report: Supervision will further strengthen supervision, more than 800 companies that have applied for listing, not allowed to be revoked, one by one re-examined, heavy penalties for fraudulent companies, fraudulent brokers, fraudulent accounting firms, for those that have been listed, back ten years (from brokerages to accounting firms), in addition to this year's delisting target from 50 market expectations, rose to 500!
At present, the IPO of the past ten years has been confirmed, and if the delisting target is confirmed, then A-shares will usher in a real opportunity!
However, the premise of all this is that there is no moth incident, we talked about several potential risks in the market in the previous article, if you are interested, you can follow the homepage and look at it).
Personal opinion, FYI!