It is necessary to suspend the IPO! The four major news this evening officially fermented (24）！
1. Mr. Pi Haizhou believes that it is necessary to suspend the IPO to boost the IPO. In the past five years, A-shares have raised 6 trillion yuan from new share issuance, and in 2024, A-shares have lost nearly 10 trillion yuan in market value. At present, there is still at least about 25 trillion yuan of market value to be lifted.
When the Shanghai Composite Index was the lowest intraday on Friday, it saw 2666At 33 points, the decline of the whole A index was as high as 8%, and there were only 92 companies at the lowest, and more than 1,800 companies fell by more than 9%. At one point, more than 3,300 ** fell more than 7% during the session.
On Friday, the CSI 500 broke through 4,500 points at its lowest, and the snowball hit 6417.3 billion. The CSI 1000 broke through 4431 points at the lowest, and the snowball knocked into 80 billion. This wave knocked away 140 billion, and I have to admire the wonderful design of the brokerage!
Second, the most angry thing for investors is that the public offering ** has also joined the short-selling team, lending and refinancing to cooperate with short-selling, from which to obtain rich returns, and short-selling institutions are in the same stream, and it started last year. What is unacceptable to investors is that the scale of ** is larger, and the specific number has also been interpreted in the previous article. The key lend to the refinancing investors is not aware, although the income obtained has been clarified to the basic investors, but the actual non-payment is also a confused account. The people only know that their wealth is shrinking, and there are not a few who lose 30%-50%.
No wonder ** has been stumbling endlessly, it turns out that it is all done by his own people, and there are too many bad people. Over the weekend, they just refuted the rumors that the scale of the loan was not that large, and at the same time admitted that it was indeed a loan. I just want to ask, have you asked investors for their opinions? It feels like just picking up sesame seeds and throwing watermelons, and it is not excluded that it is just satisfying his own selfish desires. There is also a downside, judging from the non-farm payrolls data released on Friday, the Fed's interest rate cut in March is basically in vain, but it is in line with market expectations. It is worth noting that although there has been a lot, the current financing scale is still at a high level compared to the last bear market.
3. Why do the regulatory authorities have to impose threshold restrictions on these businesses? Quite simply, because the risk of a short trade is much higher than that of a long trade, and it is extremely unfair, the probability of losing money is much higher than that of a long trade. When you are qualified for securities lending, you will find that those you want to short have no coupons to lend, and some only lend you securities that everyone knows will not lend to you. Also, some people say that brokerages and major shareholders conspire to smash the market and short, which just exposes his ignorance.
The basic principle of short selling is that the customer borrows and sells from the holders of **company or major shareholder, and buys it back to repay after waiting for the stock price**. If the company or major shareholder thinks that the ** in their hands will fall, do you think it is better for them to sell it directly in the secondary market, or do they not sell it and lend it to you to sell it and then bear the loss but only charge interest? In fact, anyone who is willing to lend you ** to go short, the core reason is because they think that the stock price will not be**, so they will rest assured that they will lend you ** and then pay back a share of interest for nothing.
At present, market confidence has been excessively pessimistic. From the perspective of reflexivity, when market confidence is overly pessimistic, it means that the stock index may have been in a state of over-decline. After the two cities fell on Friday, the rhythm is that the current financing market is decreasing rapidly, and if there is no sign of large capital intervention, I am afraid that the short-term will continue to release pessimism and cause a decline; Direction: Pay attention to new hits, new themes, new terms, and new catalyst-related opportunities. In the medium term, the relatively certain logic includes the accelerated development of hardware such as AI + mobile phones, the domestic substitution of YMTC, the growth of demand for advanced packaging and testing, the launch of G60 satellite networking, the second half of automotive intelligence, and data element X.