The 3000 Point Is Crumbling. IPO Pressure Is Objective.

In the last trading week before the Mid Autumn Festival, there are only three trading days in the stock market.

The Shanghai stock index has pulled out three lines in succession.

On Monday, the Shanghai composite index jumped into the air and opened lower, leaving the day index down 56.87 points, or 1.85%. Wednesday, the Shanghai composite index remained low after the concussion, and the index fell twice below 3000 points. At the end of the day, it closed at 3002.85 points, barely holding the 3000 point mark.

The 3000 point is the fact that the whole number is shaky.

What led to the fall of the stock market before the Mid Autumn Festival, leading to a 3000 point crumbling? This is undoubtedly a matter of great concern to investors.

According to Professor Xie Baisan of Fudan University, the market has come to this level, all of which are caused by "IPO helping the poor".

So far, Professor Xie Bai San's argument has resonated with many small and medium-sized investors in the market.

In response to the CSRC's opinions on the role of the capital market in serving the state's strategy of tackling poverty alleviation by the CSRC in September 9th (hereinafter referred to as "IPO help the poor" or "opinions"), Professor Xie B3 has published "the capital market will serve the poverty alleviation area" in a series of two articles.

The former was written in September 12th, and the responsibility for the fall of the stock market was attributed to "IPO helping the poor", which frightened investors.

The latter is written on the Mid Autumn Festival, and the responsibility of "a few days' stock market crash" is still attributed to the "IPO poverty alleviation".

So, is the 3000 point crumbling? Is it really a disaster caused by "IPO helping the poor"?

It can not be said that the "IPO poverty alleviation" policy has no effect on the stock market decline.

After all, the possibility of "IPO helping the poor" to increase IPO pressure is great.

Although a poor county produces 3 IPO companies, it is somewhat sensational that in fact, if a county can produce 3 IPO companies, it will not be a poor county long ago, but it is entirely possible for 3 poor counties to produce 1 IPO companies.

Thus, 592 poor counties will also increase about 200 IPO companies, which will obviously increase pressure on more than 750 companies to queue up for IPO's IPO market.

In particular, the "opinion" stipulates that the initial application of IPO for the poor county enterprises will carry out the policy of "reporting immediately, examining and issuing immediately", and the resulting IPO pressure will still exist objectively.

In particular, the current stock market has been depressed.

After the three wave of stock market crash since last year, investors suffered heavy losses and investors' confidence was also greatly affected.

At present, the whole market is in a doldrums, and the stock market should recuperate.

In this case, the stock market is still suffering from the impact of the IPO issue, for example, 27 new shares were issued in August, and more than 20 new shares have been issued in September.

If the "IPO poverty alleviation" is further increased IPO pressure.

This will have a negative impact on the trend of A shares.

However, it would not be appropriate to attribute the 3000 crumbling responsibilities to the "IPO poverty alleviation".

Although the "IPO poverty alleviation" policy has a certain negative impact on the current market, the 3000 point is crumbling and there are many other reasons for the joint effect.

For example, after entering September, due to the disclosure of the semi annual report, the size of the non reduction has been increasing rapidly.

As of September 14th, in less than half a month,

More than 100 companies have issued a notice of reduction, with a cash volume of up to 16 billion 800 million yuan, which is close to the level of August.

Among them, Huangshi group, Huaxia Bank, Tong Ding interconnection, Dahua shares, Wanjiang logistics 5 holdings of more than 500 million yuan.

This is known as "the most ferocious tide of reduction this year".

For example, since August, the IPO has accelerated significantly.

The number of new shares issued monthly has increased from around 13 before August to 27 in August, and the number of new shares has doubled in June.

At present, more than 20 new shares have been issued in September.

Compared with the current 3000 position, the speed of issuing is obviously overloaded compared with the current market downturn and the loss of investors.

Again, based on the impact of the three wave of stock disaster since last year, investor confidence has been greatly affected.

At present, the whole A share market is in low spirits, and the money making effect of the market is obviously lacking.

On the contrary, the peripheral markets, especially the Hongkong stock market, have gone out of the bull market.

Under such circumstances, the funds in the A share market have also been diverted.

Statistics show that, as of the three trading week in September 9th, the margin of securities has been running out for three weeks in a row, of which the last two trading weeks are

They reached 20 billion 500 million yuan and 23 billion yuan respectively.

According to other statistics, in the trading week from September 5th to September 9th, the net flow of Hong Kong stocks reached 24 billion 900 million yuan, of which only 6 billion 88 million yuan in September 9th alone.

In addition, the festival complex also makes

Reduce operation, market sentiment further depressed.

As in September 14th, the Shanghai Stock Exchange's turnover was only 148 billion 100 million yuan, which is another sub level of Shanghai stock market since August 2nd.

Therefore, the 3000 point is not only the "IPO poverty alleviation", but the result of many factors.

Investors need to have a comprehensive understanding of this.

In this way, investors can make a correct judgement of the market and make the correct investment decisions.

Therefore, for the next step of operation, investors are advised to remain cautious.

On the one hand, there is no trend of market opportunities at present. On the other hand, market sentiment is hard to boost in the short term.

In this case, investors try to reduce operation, and the operation is also dominated by short term. The expected profit target of stock market should be reduced, and 5%~8% can be paid happily.

And the funds for operation should also be controlled within 1/3 positions.

As for the central line operation, it is obviously not yet the right time.