Category: Money Tips Date: 2007-04-16
Shanghai Baosteel Group Corporation to pay 387.7 million copies of warrants will be held August 22 (next Monday) in the SSE traded, the transaction warrants referred to as "Baosteel JTB1", warrants the ticker symbol "580000." This is also the market is being resumed after a lapse of nine years, since the warrants trading,
The first two cities in the circulation of the warrant only listing.
From the news side perspective, the Fund generally optimistic about the first batch of warrants Baosteel and long-electricity. According to China Securities Depository and Clearing Corporation issued warrants to buy the list of eligible clearing participants, a total of 90 organizations joined the program. Announcements, qualified clearing participants divided into three categories, including GF Securities, Everbright Securities, Hai Tong Securities, Guoxin Securities, China Merchants Securities, Guotai Junan Securities companies and 63 securities firms are allowed to become a clearing participant; China Pacific Insurance (Group ) Co., Ltd., Taikang Life Insurance Company Limited and 11 insurance companies, China Life Asset Management Company Limited and the China People's Insurance Asset Management Co., two insurance asset management companies among the insurance settlement participant list; Bank of Communications, Bank of China Agricultural Bank of China, China Merchants Bank, China Construction Bank, China Industrial and Commercial Bank of China and 11 domestic banks, Citibank and the United States limited liability company, limited liability company Standard Chartered Bank, Hongkong and Shanghai Banking Corporation Limited and other three foreign banks allowed to become a custodian bank Class clearing participants.
Because the current legal restrictions on the Warrants investment conditions and investment ratio is still relatively more so that the fund that the current design of the Fund's conditions for warrant is not very mature. Believed that with the further spread of the warrants investment in the future the fund will appear on the product design, the subject of such a fund products. The specific point of view, the number of warrants in circulation in the market, Baosteel Warrants to 387.7 million copies, while the Yangtze Power for the 583 million copies. Some fund managers believe that, regardless of quantity and prices, long power warrants were higher than the Baosteel Warrants, so long electric mobility of the C of E may be better than that Baosteel Warrants. However, as the absolute low prices Baosteel warrants, high risk and high-yield characteristics significantly, it is expected to be high-risk habits of those investments.
Warrants speculation as a new species, because of its market and is of lower prices, causing bodies of all ages is understandable, but China has always been, "will fry every new" warrant for the operation of the bad habits of the risk of seeds planted. In theoretical terms, the local funds seem to be rational. But let us not forget that domestic funds in China Trader is an extremely low energy level of the.一旦市场热起来，基金经理们的脑袋也是热的? Warrants such a high risk for derivative products, the fund really be safe to avoid risk? Funds from the new varieties has always bubbling process analysis, we can only draw the opposite conclusion. Future warrants bubbling could be: foreign funds (QFII, etc.) from stealing the Land Fund, a passive follow suit; foreign funds Wai-point reinforcements, smooth escape the Land Fund, enthusiasm halo effects of the first chaotic that we do not fry ........ think about it, and let the market speak for themselves!
In the security considerations, the small and medium investors to blindly follow suit, investing in a specific warrant, they should make defensive preparations to guard against is to fund the organizations represented were to be "fooled" once!
