Chang Chunlin, the founding partner of Beijing Liwu Investment Management Co., Ltd., told Securities Daily that in order to protect small and medium-sized investors, the selective layer stock trading system has been specially designed, mainly to improve the trading efficiency and pricing efficiency of the market on the basis of reducing the irrational fluctuation of the market. The 30% price limit of the selected layer and no price limit on the first day can make the price reflect the market supply-demand relationship more quickly and efficiently. The temporary trading suspension mechanism can avoid the market panic and blind trading caused by the rapid irrational fluctuation of stock price, and give the market a certain cooling off period.
The median operating income and net profit of the first batch of 32 selected companies were 343 million yuan and 51.1525 million yuan, 68.17% and 57.65% of the first batch of science and technology innovation board; 19 industry categories were involved, 12 categories more than the first batch of enterprises of science and technology innovation board, and high-tech industry accounted for 53.13%, focusing on software and information, pharmaceutical manufacturing, computer equipment manufacturing, pollution control, pesticide research and development and other technological innovation and livelihood The company has diversified development modes, including large and excellent and small and beautiful. Among them, the revenue volume of 4 enterprises reaches more than 2 billion yuan, 5 enterprises have net profit of more than 100 million yuan, and 5 enterprises have net profit less than 30 million yuan.
According to the national stock to company data, so far, the number of qualified investor accounts in the whole market has exceeded 1.6 million, 1.3 million more than that at the end of 2019. More than 20 public offering fund companies have launched product design work, and seven have been approved. Five of them have been officially established with a total raised amount of 8.845 billion yuan, and the total number of effective subscription accounts has reached 170800, which has rapidly expanded the recognition of the new third board among ordinary investors. Investors actively participate in the public offering and purchase. 9633 offline investors have opened inquiry authority, accounting for 64% of the opening conditions; a total of 802600 investors have participated in the public offering, accounting for 49.38% of all qualified investors, and 60% of new account opening investors have participated in the subscription.
Bu Na Xin, director of the China Council for the promotion of international science and technology, told Securities Daily that from the current situation, the first batch of enterprises at the selected level are quite popular with market funds, and the new third board is expected to usher in a golden age. At the same time, the launch of the selection layer represents the formal admission of large institutional investors. For investors, it is necessary to fully understand the unique trading system of the selection layer and rationally participate in the stock investment of the selection layer.