Black Swan takes off! The four major news shocks hit this evening (37）！
1. Black swans take off! The U.S. "Biosafety Act" passed the hearing, and the concept of WuXi and CRO is not optimistic!
In fact, there is great uncertainty about this black swan event for related concepts. As early as before the Spring Festival, the CRO was subject to the US biological bill, which was only a bill at that time, and when the stock prices of Hong Kong stocks and the main board plummeted, Mingyue issued a separate reminder to make it clear that a gentleman does not stand under a dangerous wall.
For the matter of the relevant biological bill, there is not a day on the ground, and the relevant concept stocks cannot be touched. Perhaps, if you are lucky, you will fight a ** and earn some scattered silver. However, maybe one day we will see how big this bowl of noodles really is. For the actual combat in the big A, it has always been to seek advantages and avoid disadvantages, avoid possible disadvantages and the impact of unfavorable factors. There are so many plates, themes, and hot spots in the two cities, why bother competing with an uncertain plate. For the passing of the biological bill, the impact on WuXi and the CRO sector, there is a high probability that the stock price will fluctuate significantly in the short term.
Second, the village chief's debut.
Once the market is irrational and violent**, it is time to make a decisive move; Protecting the legitimate rights and interests of investors, especially small and medium-sized investors, is the most important core task of the CSRC. It is necessary to further strengthen the protection of investors and further enhance investors' confidence and trust in the market, so as to attract more funds, especially long-term funds, to participate in this market; Quantitative trading should seek advantages and avoid disadvantages, further highlight the fairness of quantitative trading, carry out effective supervision, standardize development, and further improve relevant institutional arrangements; For companies that have not paid dividends for many years or have a low dividend ratio, take hard measures according to different situations; For technical divorce, securities lending and selling, refinancing and other behaviors, further plug the loopholes in the relevant system; It is necessary to strictly create fake fraud, market manipulation, and insider trading.
Yesterday's performance, if the full score is 100 points, I think the performance can give 95 points, from the speech, you can see a modest, pragmatic style of doing things, not fluttering! It's just that the questions raised are all expected and prepared in advance. You see that any question is asked over there, and the manuscript is read directly here, obviously it is prepared in advance, and it is the same every time! One of the highlights this time is that protecting the legitimate rights and interests of investors, especially small and medium-sized investors, is the core task of the China Securities Regulatory Commission. It has really improved the status of investors, and hopefully this time it will be done! The rest is all about what is already being done, and there is nothing to talk about! The last point is the new quality of productivity, which will also be the main line of investment in the future!
Third, JD.com has big news. It skyrocketed by 16% overnight.
When U.S. stocks and Hong Kong stocks are up. JD.com's stock price is about to hit a new low. The market is only more than $30 billion, while peer Pinduoduo has reached a market value of $155 billion. JD.com is really in a hurry. All of a sudden, he made a ruthless move. On March 6, JD.com released its fourth quarter and annual results for 2023. Fourth-quarter revenue reached RMB306.1 billion, up 3% year-on-year6%；The annual revenue was 1,084.7 billion yuan, a year-on-year increase of 37%。The total dividend is about $1.2 billion, up from $1 billion in 2023. In the next 36 months ending in March 2027, the company will repurchase shares worth no more than US$3 billion (about 21.6 billion yuan).
Why can't JD do Pinduoduo. Or is it because there are too many people at the bottom. The same thing, two different **, may be more than 30% different. I'm a regular book buyer. Dangdang and Jingdong are indeed genuine, but the same book is the same on Pinduoduo, but it is still cheaper. Although Pinduoduo has many inferior things. But there are also many ordinary people. Whether JD.com's repurchase can make the stock price go up to the sky depends on whether the model will change, Ali announced a repurchase of 25 billion US dollars, and the stock price has not moved so far.
Fourth, it is rumored that the IPO threshold of the main board has been raised to a net profit of 1500 million, and so on, the GEM is 100 million and the Beijing Stock Exchange is 50 million, so how much is the Science and Technology Innovation Board? Anyway, don't even think about the loss, the means of raising the threshold are not the goal, the purpose is to reduce the number and pace of IPOs, and improve the quality of listed companies.
There shouldn't be so many new shares issued in the first place, look at what kind of companies there are, screws, nuts, fans, pipes, plastics, these messy companies can be listed, is this necessary? The main reason for this wave of bear market is that the issuance of new shares in recent years has been too bad, too fast and too high, coupled with the size of the non-uncontrolled **, which has drained the time of the people and shareholders.
There must be disadvantages to anything, if this is the case, it will also have a certain impact on the real economy, some promising companies are not profitable in the early stage, but they can develop greatly with financing, such as Jingdong Pinduoduo and so on, now the development of excellent companies, when they were listed at a loss, the special version now allows loss-making stocks to be listed, is to absorb some potential, but the development of companies limited by funds, I think it is good to limit the persistence and a monopoly on the line, such as full dilution of equity before listing, the largest shareholder up to 30%, There is no need to come up and make profits, otherwise some potential stocks will go overseas to be listed.
I haven't seen such a pragmatic village chief of the Securities Regulatory Commission for many years. In an interview with reporters during the two sessions, Wu Qing said that protecting the interests of small and medium-sized investors is the most important task of the China Securities Regulatory Commission. He also said that the operation of the market generally does not require intervention, but when the market fluctuates violently or even loses liquidity, it is necessary to act resolutely.
Obviously, he is well versed in the operation of China's capital market, and major shareholders often ignore or even encroach on the interests of small and medium-sized investors, which is also the source of losses for the majority of the world. On the one hand, the China Securities Regulatory Commission needs to have sufficient monetary funds to rescue liquidity in a timely manner, and on the other hand, it must resolutely crack down on those violations of law and discipline.
Since they dare to openly say such important things to the whole world at such an important moment as the two sessions, it is obvious that the regulatory authorities and Village Chief Wu have a clear idea and a bottom in their hearts, and perhaps the relevant measures have already been prepared in place.