Category: Money tips Release Date: 2007-06-26
Source: Guangzhou Bandung
Abstract: After full circulation market, large shareholders, especially state-owned major shareholder interests will be decisive impact on the overall market trends and the pattern plate. Overall rise of the current round of heavyweight is because there are strong policy background while the main force of the great capital (the nature of the central enterprise funds) a large number of intervention into the market, the results of its fundamental purpose is to maximize the benefits for the state-owned enterprises from major shareholders.
This column believes that after full circulation market, large shareholders, especially state-owned major shareholder interests will be decisive impact on the overall market trends and the pattern plate. Overall rise of the current round of heavyweight is because there are strong policy background while the main force of the great capital (the nature of the central enterprise funds) a large number of intervention into the market, the results of its fundamental purpose is to maximize the benefits for the state-owned enterprises from major shareholders.
In the state-owned assets, state-owned large-cap stocks issued a comprehensive state-owned shares tradable under the influence of the interests of the broader market shares of state-owned enterprises have become the main funding long-term operation of such objectives; In addition, we believe that the central enterprises have been involved in other types of capital stock of the same It is worth noting. Large state-owned shareholders will reap the greatest benefits are the main fund long-term operation of the fundamental purpose of these shares.
1, a major shareholder is the state-owned enterprises in particular, the interests of major shareholders decide the main direction of the market
In our view, tradable after the majority shareholder has become the largest market, interest groups, in particular, accounted for the largest proportion of the central market, enterprises large shareholders (SASAC), even more is the most important interest groups.
1, tradable shareholders have become the major bookmakers, after
Fully tradable after the majority shareholder has become the largest market power and influence persons (please read this section prior to the relevant articles). Quotes of the rise of the current round, in essence, both tradable and a significant shareholder stake and this is the future of the long-term fundamental factors that influence the market trend.
2, state-owned assets will be more the interests of major shareholders is the most important
In the interests of major shareholders under the impetus of State-owned major interests of the shareholders even more is the most important, it is because due to its economic output and in the market share of the possession of absolute advantage, determine the direction of both the development of the industry, or right understanding and impact of the policy far more than the general fund. It can be said that in the context of such funds has become a central enterprise market, the largest main.
In the next two should be the focus of this interest focused on the plate is a state-owned shares of large capitalization stocks, especially the central enterprises, followed by partially funding the central enterprises should also be given stocks in the spotlight of attention.
Second, state-owned shares
We believe that the main funding round of the strong involvement of the weight plate (large blue-chip state-owned enterprises), whose fundamental goal is to overturn the market's understanding of large-cap stocks, which pulled the plate in the process, from asset preservation, distribution and reducing holding on to maximize profits.
1, after full circulation increase in market value will be the main objective of the vital interests of
From the post-tradable state-owned assets such tasks as targets, the central enterprises to improve the market value of listed companies, the main interest will be the main objective of the main funds have enough motivation to the interests of state-owned enterprises has raised the broader market shares in order to boost its market value.
On the topic of listed companies tradable, the SASAC Director Li Rongrong has said the majority of state-owned shares of listed companies is the large blue-chip, with the stock market can gradually take a good value can be gradually better price, sentence The profound meaning of words worthy of our contemplation.
2, issue interests of the
In addition, the issue is this to promote the interests of state-owned large-cap stocks priced one of the main one, which is already in this column has repeatedly stressed in the article. The basic reason that the H-shares on the secondary market prices higher, the corresponding distribution of large capitalization stocks state-owned enterprises were priced higher, which is state-owned large-cap stocks has raised the price of the underlying causes.
In other words, raising the H-shares priced at plate level, in order to facilitate follow-up to get the most out of the issuers issuing receipts.
3, reduction of benefits
This benefit will be the largest of all the interests of a present, most state-owned enterprise class companies in the market the largest share of absolute Kong Pan can be seen that substantially raised the secondary market pricing of these shares, the most beneficial to their circulation at a high level to obtain maximum benefit.
3, the other for the central funds of enterprises involved in stocks
In addition, the deduction of these shares of central enterprises, there are also some funds for the central enterprises are involved in stocks should also become the focus of our attention to objects. In the market such as the recent turbulent North Star and other firms, one could see the largest interest groups in this market presence.
