Since the implementation of the new regulations on inquiry under the registration system in September last year, there have been significant changes in investors' new strategies in recent months, and the abandonment of purchases after winning the lottery has increased significantly.
abandonment of new shares increased
investors are cautious
Miss Zhu is a senior investor who has participated in stock investment for more than ten years. Recently, she won 1000 shares of Hemei, with a subscription price of 577 yuan per share and a payment of 577000 yuan. She finally gave up her subscription for the shares because she was worried about the risk of breaking new shares.
On September 18, 2021, since the implementation of the new regulations on inquiry of new shares under the registration system, the breaking of new shares has occurred from time to time, making it more difficult to play a new game. The reporter learned from several securities companies in Shenzhen that the amount of new shares abandoned by online investors varies greatly before and after the implementation of the new rules.
According to data statistics, from 2021 to September 18, before the implementation of the new regulations, the average number of abandoned shares of 125 new shares on the science and Innovation Board was 28300 shares. After the implementation of the new regulations, by the end of 2021, this number had risen to 167500 shares, an increase of 492% ; The average number of abandoned shares of 98 gem new shares was 25100, an increase of 276% to 94300 after the new regulations.
Chen Ke, general manager of Caitong Securities Co.Ltd(601108) Shenzhen Branch: under the registration system, the pricing of new shares is more market-oriented. After the marketization, some new shares may be priced too high. Some investors feel that if the pricing is high, they may give up on their own initiative.
Chen Ke said that the risk of the breaking of new shares also affects investors' sentiment in applying for new shares . According to the data, 20 new shares were issued on the first day of 2021, a significant increase over previous years.
Caitong Securities Co.Ltd(601108) Chen Ke, general manager of Shenzhen Branch : 20 were broken in 2021, which was almost absent in previous years, that is, on the first day, which also made some investors relatively cautious.
Many investors said that due to the recent increase in the breaking of new shares, it will be more rational in the future.
Mr. Wu, Shenzhen Investor: now if new shares rise and fall, it is actually a good phenomenon, because I feel that the market is more mature.
insiders: the profit-making effect of new shares is still
also pay attention to the risk of breaking
With the increase of the risk of breaking new shares, is it still profitable to participate in new shares? What risks do investors need to pay attention to in the subscription of new shares?
Wu Gang, the person in charge of the business department of a securities company in Shenzhen, told reporters that even though the breaking of new shares occurred from time to time in the fourth quarter of last year, investors' enthusiasm for innovation remained unabated.
It is understood that as of the closing on January 14, of the 524 new shares listed in 2021, 257 have doubled their share prices, nearly half of them. the new money making effect is still there.
Huang Chao, operation management director of Shenzhen Hengyi Asset Management Co., Ltd.: the number of new shares last year reached an all-time high. According to the statistics of new shares listed and opened, the average yield of new shares last year was about 184%, that is to say, the yield of one signing was about 17800 yuan.
The data show that before and after the implementation of the new regulations on inquiry for new shares under the registration system, the average scale of online innovation of new shares on the science and innovation board is about 5.5 million, and the average scale of new shares on the gem is about 14 million, which has not changed significantly. This shows that investors' enthusiasm for playing new is still unabated. However, industry insiders said that with the implementation of the new regulations, the probability of making money from new shares has decreased, and investors need to pay attention to relevant risks.
Han yewang, general manager of Shenzhen Shiji Zhiyuan Investment Management Co., Ltd.: in fact, the probability is lower than before, because the number of new shares issued in the whole market is increasing. Unlike the original that more than 90% of new shares may be profitable, with the promotion of the registration system, this proportion may be more and more divided into 28.
At the same time, industry insiders also advise investors not to often abandon the purchase of new shares , because according to relevant regulations, if investors fail to pay in full after winning the lot for three times in a row within 12 months, they shall not participate in the subscription of new shares, convertible corporate bonds and exchangeable corporate bonds within 6 months.
