Investment Growth Enterprise Market Relaxation&Nbsp; Funds Can Buy Stocks On The First Day Of Listing

At the time of the frequent breakout of new shares, the restrictions on public offering funds investing in the GEM were further relaxed by the regulators.

Among the four small and medium-sized board stocks listed on May 18, three fell below the issue price, namely Dofluoro, Qixiang Tengda and Far East Transmission. This website learned that on the same day, Shenzhen Stock Exchange successively sent oral notices to fund companies. The content of the oral notice is that from now on, public funds can GEM The company bought GEM shares on the first day of listing.

This also shows that the regulatory authorities have further relaxed the investment of public funds in the GEM. It is understood that the regulators had two restrictions on fund companies investing in the GEM. First, they prohibited public funds from buying the first day of listing GEM The second is that when a company listed on the GEM increases by more than 5% on the same day, public funds are prohibited from buying the company's shares.

This oral notice of Shenzhen Stock Exchange cancelled the first restriction, and Shenzhen Stock Exchange did not mention the second restriction.

A person close to the regulatory authority said that the regulatory authority should take into account the current market situation. Market sentiment and the frequent breaking of new shares have attracted the attention of the regulatory authority.

Since April 15, the panic in the A-share market has continued to increase, with many stocks hitting new lows, followed by more and more new shares breaking, and even some stocks breaking net.

According to public information statistics, from the restart of IPO last year to the middle of May, a total of 64 new shares fell below the issue price, of which 12 were on the main board, 33 were on the small and medium-sized board, and 19 were on the GEM. Among the new shares listed in 2010, there were 47 broken shares, 7 on the main board, 24 on the small and medium-sized board, and 16 on the GEM.

However, even though the regulatory authorities relaxed the restrictions, public funds were still cautious about investing in the GEM. A public fund official in Beijing said that the company's cautious attitude towards the GEM had not changed, GEM The company is a mixture of good and bad. Even if the valuation is reduced, the overall risk is still high. However, the above people said they would pay attention to the good companies.