China electricity and water issue wrong signal to imarket
Water and electricity in China before listing, both agencies or small investors, do not look good. From a financial web site, according to the survey, 47.62% of netizens think China water and electricity will break, 38.1% think performance in general. But China water electricity is' debut jing ", not only the break, even without touch were plate even. Instead, because or trigger suspended by ShangJiaoSuo mandatory terms plate suspension, end dish the 17.11% increase, for the winner is concerned, obviously is to harvest a good 'red'.
China issued and listed the water and electricity, the market is controversial. Because of "the green channel", established under 3 years China hydropower become and a "in alphabetical listing shares" notarized. Continued fall in stock index and frequency and years under the background of new lows, China hydropower start new issues, also be interpreted as a market despite their investors' money 'circle behavior. Water and electricity in the issue of China's announcement suggests the risk 'tough' the phrase, but also by market widely reviled.
In fact, the market do not expect China water and electricity is not without reason. First, the domestic and overseas market environments. Europe debt crisis fermentation and spreading, and lead to Europe and the huge stock market shocks, and the MLB hats development of the debt crisis there is too much uncertainty. A shares, because stock index continued down, leading investors lost confidence, plus the listed company of 'circle of the goose that lays the golden eggs money' behavior, for China billions of new shares of the water and electricity, the market has been A bear is heavy.
Second, the water and electricity cut issue size and inquiry range to issue new shares lower limit, itself shows that investors to its not too "cold". Moreover, China water and electricity 9.69% of online ultra high ZhongQianLv, and 57.30% of the off-line 'shocking' placement proportion, also says the market does not buy a debt.
Third, in China after the water and electricity, and its shares and China built into coal two 'with' behind 'assault'. Whether its shares or China built into coal, which is a big MAC the financing super yuan '". The three the bulk lots stock market, to the financing side will further market formation pressure, in the listed company "circle" fierce in tiger money under the NFL hats market will be even more so.
But China first performance of hydropower listing, but let the market crash 'glasses ". Expected break didn't appear, China water and electricity in the tray biggest gain is as high as 38.44%, the first rate to a changing hands an astonishing 93.96%. Do not expect that China had water electricity investors, no doubt, have been its' talk '.......
Institutions and the crazy lot hot money, make China the first "brilliant" water and electricity. But China water electricity jing is colourful acting, but also to market a wrong signal. Standing in the point of view of the issuer, China hydropower not break, indirectly explain had the issue price "low". So, after its shares of coal with China built into may take high issue of the strategy, plan from the market more laps in money. 2 it is market funds for China of the hydropower crazy hype, the proof of the A share market and "not bad" money, after the market called for regulators to suspend or slow hair new efforts will suffer. Three is China created 'hydropower wealth effect "is likely to transmission to then its shares and China built into coal, leading investors to high in the two grail enthusiasts, and eventually encounter were caught fate. Four is may lead to the capital market to shan coal shares or China built into the hype, the cause of market focus folding. Therefore, China hydropower although safely on the market, but the produce negative influence, but can not be ignored.
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In : business