News Of The Three Major Securities Headers In January 17Th

Shenzhen Stock Exchange: small and medium board stock effective bidding range raised to 10%

Yesterday, the "trading rules" (revised in 2011) was officially issued in the Shenzhen Stock Exchange and was formally implemented in February 28th.

According to the relevant person in charge of the Shenzhen Stock Exchange, compared with the original rules, the newly revised trading rules mainly modified and perfected from further optimizing the market operation efficiency, improving the security of the trading system, and standardizing the management of the rules and regulations.

The reform of the distribution system and the delisting system will become the highlight of 2011.

At the national securities and futures supervision conference held recently in 2011, Shang Fulin, chairman of the China Securities Regulatory Commission, said that we should improve the market system and mechanism and improve market efficiency, study and introduce follow-up reform measures of the distribution system, strengthen the construction of the market merger and reorganization system, standardize and guide the backdoor listing, and improve the delisting system.

Shanghai and Shenzhen securities financing bonds are expected to expand to 180 and 100.

For the next step in the steady development of margin trading, there are insiders who believe that the SFC will further expand the scope of margin trading. The underlying securities of Shanghai and Shenzhen stock exchanges are expected to expand to 180 and 100 respectively, and the market oriented refinancing business plan has been basically completed.

Deposit reserve rate increases A shares to welcome new year exams

The central bank announced on the evening of 14, since January 20, 2011, raised the deposit reserve financial institutions RMB deposit reserve ratio of 0.5 percentage points.

The economic data for December 2010 will be released this week. The central bank raised the deposit reserve rate at this sensitive time point, aimed at controlling inflation and preventing credit blowout.

How will the market interpret and respond to this "new year test"?

The Shenzhen Stock Exchange revised the trading rules to monitor the action of death squads.

Recently, the Shenzhen Stock Exchange officially issued the "trading rules" (2011 Revision), and it will be formally implemented in February 28th.

The adjustment of the trading mechanism in the trading rules is mainly reflected in three aspects.

The first is to delete the effective bidding range of the small and medium board stock during the continuous bidding period, and to set up the upper and lower 3% of the recent paction price. The effective bidding range of the main board, the small board and the gem stock will be set to 10%.

The two is the abolition of the issuance of shares on the first day of the liberalization of price limits.

The three is to abolish the requirement that the price of large scale trading can be determined between the highest and the lowest price that has been concluded on the same day.

The reserve ratio for the new year's first adjustment is neutral to the stock market.

The central bank announced on the evening of 14, from January 20, 2011, raised the deposit reserve ratio by 0.5 percentage points.

The industry believes that under the dual pressure of controlling inflation and preventing the flooding of liquidity, it is not surprising that the central bank once again raised the reserve ratio. However, the liquidity adequacy of the market is difficult to change in the short term. It shows that hot money still has the possibility of continuing to flow into the market, and the number of funds released at the beginning of the open market is relatively large.