Even greater threat to the stock market is starting Restricted Shares

 A greater threat to the stock market debut of shares
mm Oriental Morning Post on August 30 when the column
no matter how decadent ice
market, even if the fundamentals have not any better, in the case of oversold also prone to rebound. However, A shares since October 16 last year since the trend, the rebound is gradually weakened.
Shanghai Composite Index from October 16, 2007 into decline after record high, to October 26, 2007, the Shanghai index below 5,500 points for the first time, but soon bounced back to 6,000 points, a rebound intensity was 82%. From November 1, 2007 to 6005.13 points, fell to 28 November 2007 of 4778.73 points on the rebound bounced back to January 14, 2008 of 5,522.78 points, rebounding strength of 60.7%. from January 14, 2008 of 5522.78 points, fell to 22 April of 2990.79 points rebounded, rebounded to May 6 to 3786.02 points, a rebound intensity was 31.4%. The rate of stamp duty to reduce policy-induced rebound hasty end. and from May 6 to 3786.02 points to the present, the stock market has not experienced a decent rebound, 8 19 is near a record low of 2284.58 points.
point of view from the oversold stock market there is the possibility of a rebound, but only caused by oversold bounce, the intensity is often very limited. because, when the cause The only power the stock market rebound oversold, is an instinctive oversold technical adjustments, then, that after the oversold bounce is the lack of continuity, persistence, of course, is the lack of intensity. In particular, at this stage , in the Olympic dream shattered after market saw rain thunder but not maintenance of stability, development and now mine is not even playing altogether, this is not faith, not the same as the state of investor confidence hit.
constraints that Many factors rebound species, such as the U.S. subprime crisis worsened the slowdown of the real economy and so on, if simply from the stock market's own point of view, the original shareholders of listed companies starting Restricted Shares (the starting of shares) The lifting of the ban, and continue to issue new shares can not be ignored is the reason.
about lifting the ban in September the size of 5,102,000,000 shares of non-Chinese, stocks lifted shares changed generated when 15.11 million shares, worth 10.169 billion yuan, while the new from the old starting up the rear, the scale of additional shares lifted as high as 3.591 billion shares, lifting market capitalization of 32.266 billion yuan,UGG shoes, accounting for scale lifting of the ban in September to 76%. starting lifting of the ban than the shares of restricted shares of stock of the size change caused by a lingering fear of non-market even more. < br> According to WIND statistics, new from the old front, the size of the share reform of non-lifting of the ban generated a total of 435.6 billion shares of stock, lifting the market value of 4.43 trillion yuan. And after the new from the old, as of August 18, 2008 , listed on the Shenzhen SME Board 218 new shares, only the Shanghai-listed more than 40 large-cap stocks, the total number of shares starting as high as 800 256 000 000 shares, lifting the market value of 6.67 trillion yuan. starting lifted the market value of restricted shares of non-lifting of the ban is the size of the market value of the share reform 1.51 times! the A-share market and the current 5.5 trillion yuan compared with market capitalization of about only the lifting of the ban starting market value of restricted shares equivalent to recycling more than one A-share market.
left the size of the share reform of non-lifting of the ban Unit the enormous pressure, so that A shares out of a wave of tragic decline, and starting an endless stream of restricted shares flood the market,bailey UGG boots, then to the A-share market has brought more heavy pressure,UGG boots, almost available there is great injustice, and starting the flow of restricted shares do not pay a penny on the price of the shareholders to sit back and wait for lifting the ban on cash profits. This is not only constituted unfair tradable shares, the market also pose a more heavy pressure mm starting positions cheaper in the selling of shares without any worries, every sell-off will mean profits are realized.
loopholes in the system which is the relevant market. do not pay any of the starting price of shares lifting of the ban, the new from the old rear non-listed companies the size of the tremendous arbitrage opportunities, which means that as long as the public have the opportunity to cash in huge profits. new from the old rear-listed companies tradable shares accounted for relatively small, means greater leverage. as August 28 Smith Barney costumes just listed, the total share capital of 6.7 billion shares, while only 5,600 million outstanding shares, not as a fraction of its total share capital!
this very common. the smaller the proportion of tradable shares, the stock shows strong characteristics of the easier, the more easily manipulated, and pushed through the outstanding shares of stock, will be able to ban a higher price in exchange for cash shares a platform. retail investors, how positions might cost less than the size of a dollar non-game? This meant the market's deformity.
the same time, the stock market in China, for the issue on too dense. From 2006 to the end of 2007,Discount UGG boots, China's stock market is picking up steam, In order to finance and control the stock market, the relevant departments to speed up the pace of IPOs in the second half of .2006 to 2007, China's stock market is the largest ever IPO financing of the year, the amount of financing a world first, the incremental size of the resulting dense non-published. In this year and a half, nearly 200 new companies listed, the total share capital of up to 1.3 trillion shares, A shares issued about 750 million shares of public stock, new shares have a 1 trillion size of the non.
and, this year Since mid-June, over 30 stocks will only officially visit China South Locomotive and A shares, most of the companies had not been listed will be two months, while waiting for the listing of new shares may continue to increase, once the market rebounded, These stocks have been likely to be formally on stage, which greatly restricted the intensity of A shares rebound.
care if the spirit of the market objective, take concrete actions to safeguard stability, it should seriously address and resolve these issues. < br> Link: tax cuts, size of the non: to save the stock market will go the way
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