The Impact Of IPO On The Two Tier Market Will Be Limited.

< p > Tuesday, "the third batch of IPO approvals is expected to be issued around 20 days" has been hung in the headlines of several professional financial network (blog, micro-blog) stations in China, highlighting the importance of the incident to the A share market.

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"P >" and "a href=" http:// "www.sjfzxm.com/news/index_c.asp" > Shanghai and Shenzhen stock index < /a > on Tuesday, the trend of shock adjustment appeared in the intraday market was also considered by some market participants to be influenced by the news, which further exacerbated the concern that investors might be shocked by the third batch of IPO approvals.

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< p > "although the Shanghai and Shenzhen stock index has a trend of shock adjustment on Tuesday, but in fact, it has little to do with the third batch of IPO approvals."

Li Zewen, an investment adviser to Huarong securities, said that since July 22nd, the Shanghai and Shenzhen stock index has gained a large increase. Some of the technical indicators have issued oversold signals in the short term, and there is a strong demand for profit in the market.

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< p > even if no "third batches of IPO approvals are expected to be issued around 20 days", the Shanghai and Shenzhen stock index is likely to have an adjustment trend on Tuesday.

Therefore, the "a href=" http:// "www.sjfzxm.com/news/index_c.asp" > shock /a > adjustment in the market on Tuesday is attributed to the news that the third batch of a href= "http:// www.sjfzxm.com/news/index_c.asp" > IPO < /a > is coming soon, which is obviously not objective and fair.

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Sun Ying, an investment adviser of Guotai Junan, said that in July 23rd and July 24th, 5 and 4 new shares were issued respectively, but the Shanghai and Shenzhen stock index's rising trend was not affected, and then it hit a new high.

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< p > it can be seen that whether the issuance of IPO approval or the issue of new shares has a relatively limited impact on the two tier market, that is, it has little impact on the market.

Therefore, even if the third batch of IPO approvals will be issued before the end of this month, about 10 new shares will be listed in the listing and listing, which will not lead to a sharp adjustment in the market.

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