It's time to join forces to save the market! The four major news in the early hours of this morning hit in full swing (27）！
1. It's time to join forces to save the market!
*Huijin: **Huijin fully recognizes that the current A** market allocation value has recently expanded the scope of ETF holdings and will continue to increase the intensity and scale of holdings
China Securities Regulatory Commission: Suspend the scale of refinancing securities of new ** companies in accordance with the law, and gradually close the stock
The China Securities Regulatory Commission, together with the public security organs, severely punishes the manipulation of the market and malicious shorting].
These news convey two things to us, the first is that the recent ** of A shares is indeed caused by malicious shorting, and the second is that the national team is now bailing out the market and making ** rise.
Second, this wave of operations by the Securities Regulatory Commission has made our ** people tense their nerves. Recently, the China Securities Regulatory Commission (CSRC) has taken action to make a big move on the securities lending business. To put it simply, it is a three-trick hard measure: one is to directly suspend the scale of new refinancing bonds, which means that the balance of existing refinancing bonds has to be played as much as possible, and it cannot be more, and it has to be slowly reduced. Second, the company has to control the trading behavior of customers, especially those investors who want to borrow securities lending to do intraday rotation trading (we commonly call it disguised t 0 trading), and it is now strictly forbidden to provide securities lending services. The three measures are to intensify supervision and law enforcement, and the China Securities Regulatory Commission (CSRC) has said that it will crack down on those who use securities lending and borrowing transactions to engage in improper arbitrage.
Behind this wave of operations, in fact, the China Securities Regulatory Commission wants to stabilize our continuous turmoil. No, they also released data, saying that since the implementation of this series of measures, the balance of securities lending has dropped by 24%, and now it has dropped to 63.7 billion yuan, accounting for only 01%。
To be honest, this operation can be both a good and a bad thing for us. On the bright side, the market may be more stable due to strengthened regulation, and there are fewer predators who manipulate the market, so we can play fairer. The bad side may be that the market volatility will be reduced in the short term, and for friends who like to make money with fluctuations, there may be fewer opportunities.
Third, the market is now in the early stage of capital protection, and the market has a lower valuation, lower position, and higher value after the market, which is more attractive to medium and long-term funds. Therefore, there is a high probability that the power of protecting the disc will continue. There is also the intention of the policy to stabilize the market is very obvious, from the previous large funds and the support of ** stocks, to the recent tilt to the small and medium-sized market, while the idea turns, the supervision continues to speak, bringing new impetus to the market. There are still two trading days before the year, if the big A can hold on, it is estimated that the bottom of this wave will pass, and the next question is the strength of the recovery.
Fourth, the public offering ** is prohibited from shorting! The public offering ** company takes measures to maintain the market stability and fairness of the financing transaction business. These include suspending the expansion of the scale of lending transactions and requiring companies to strengthen the management of customer trading behaviors. Although the impact of financing transactions on the market will be limited, regulators and public offerings** companies will further strengthen market supervision and supervision to ensure transparency and fairness.
Since the beginning of this year, financial structured products have been hit several times, releasing the risk of crackdowns. In particular, the risk of suppression of CSI 1000 products has been more fully released, and it is expected to gradually weaken the impact on the market.