Rational view on the stock reduction of the science and Technology Innovation Board

category:Finance
 Rational view on the stock reduction of the science and Technology Innovation Board


So, how should we look at the stock reduction of the science and technology innovation board? First of all, back to the behavior itself, the reduction within the rules is the legitimate right of shareholders of listed companies. Like other market behaviors such as overweight and repo, reducing holdings is one of the important factors to adjust the dynamic balance of the market. Science and technology innovation board is a hot technology stock concentration, many stocks have gained very considerable growth in the early stage, when the market fluctuates, the willingness of shareholders to sell will naturally increase.

For the science and technology innovation board, the two new ways of reducing holdings, including inquiry transfer, are equivalent to the conventional means, which make the shareholders of listed companies have more diversified means of reducing holdings. The first inquiry transfer is the practical application of the innovative stock reduction system of the science and technology innovation board. As an important bright spot of the new regulations on reducing the holdings of the science and technology innovation board, the transferee of inquiry transfer is stipulated to be institutional investors with corresponding pricing ability and risk tolerance ability, and a more professional transferee means more market-oriented and more rational pricing. The rationality of pricing will also enhance the attractiveness of inquiry transfer to institutional investors. In addition, the rule that the transferee can not transfer within 6 months limits the short-term arbitrage behavior. In addition, with the steady progress of the registration system reform and the increasing market capacity, the structure of investors is bound to tend to be institutional and professional. Based on this, rational investors can objectively view the phenomenon of holding reduction, and have the ability to digest the pressure of holding reduction. It is also one of the signs of the maturity of the market to respect the trading rules and rationally look at the reduction phenomenon. Source: Securities Times editor in charge: Guo Chenqi_ NBJ9931

For the science and technology innovation board, the two new ways of reducing holdings, including inquiry transfer, are equivalent to the conventional means, which make the shareholders of listed companies have more diversified means of reducing holdings. The first inquiry transfer is the practical application of the innovative stock reduction system of the science and technology innovation board.

As an important bright spot of the new regulations on reducing the holdings of the science and technology innovation board, the transferee of inquiry transfer is stipulated to be institutional investors with corresponding pricing ability and risk tolerance ability, and a more professional transferee means more market-oriented and more rational pricing. The rationality of pricing will also enhance the attractiveness of inquiry transfer to institutional investors. In addition, the rule that the transferee can not transfer within 6 months limits the short-term arbitrage behavior.

In addition, with the steady progress of the registration system reform and the increasing market capacity, the structure of investors is bound to tend to be institutional and professional. Based on this, rational investors can objectively view the phenomenon of holding reduction, and have the ability to digest the pressure of holding reduction. It is also one of the signs of the maturity of the market to respect the trading rules and rationally look at the reduction phenomenon.