ABC a A-share strategy placing excess subscription contribution exceeding 30 billion

As of yesterday 16, the strategic placing object contribution amount has exceeded 30 billion yuan Han Tingting Wang Yanwei July 1, is the Agricultural Bank A shares IPO strategic investor contribution Day, as well as the first net purchase and the payment day. AgBank has been welcomed by institutional investors across the road.　　Sources close to ABC's issue yesterday revealed to the first financial daily that, as of yesterday 16, the amount of the strategic placements has exceeded 30 billion yuan, and the bank will take a proportional placement as the strategic placements have been oversubscribed.　　In addition, organizations such as the Fund have also indicated to the Financial Times that organizations have mobilized funds to participate in the purchase of the Nets.　　Strategic placing contributions to 30,000,000,001 of the bank's strategic investors, who declined to be named, said the company's two-day notice of its strategic placement of the bank, which was paid in full yesterday 10 o'clock, received feedback from the bank's distribution center in the afternoon. But since the strategic placements have been oversubscribed, the proportion of placements will have to be used. "We originally planned to buy 1 billion yuan ABC stock, now may only buy 700 million ~8 billion."　　"he said.　　It is understood that the issue of the use of targeted placement to strategic investors (hereinafter referred to as "strategic placement"), under the network to the request for quotation (hereinafter referred to as "under the net Issue") and online funds purchase (hereinafter referred to as "online distribution") combined with the way. Among them, the strategic placement of not more than 10,228,235,000 shares, about a share of green shoes after the full exercise of 40% of the size of the issue.　　According to the price range limit of 2.68 yuan/unit measurement, the amount of strategic placements can not exceed 27.412 billion yuan.　　Other aspects, before the start of the callback mechanism, under the network issued not more than 4.8 billion shares, about the full exercise of a A-share green shoes issued after the size of 18.8%; According to ABC's IPO timetable, the online subscription and payment date is July 1, 2, 5, 6th 4 days. Prior to the initial inquiry stage, institutional investors had more than 70 billion shares in the number of AgBank subscriptions, and the subscription multiples were 16 times times higher, and most orders were less sensitive to price.　　To ensure a cap-and-go-by-future performance, AgBank eventually gave up high pricing and opted for a more cautious price range, which also boosted the attractiveness of institutional investors. Online subscription has not yet started, will start on July 6. According to a securities company estimates, currently eligible to participate in the online distribution of more than 1000 under the network, and are institutional investors, according to each online purchase 10 million shares calculation, the total form of online subscription funds will be more than 27 billion yuan.　　This time, the Agricultural Bank online subscription funds will be in the size of about 1 trillion.　　The agency is in pursuit of ABC this newspaper in the interview learned that the agency's pursuit, the net under the first day of purchase, there are organizations to mobilize funds to participate in the purchase of the net. Shenzhen, a fund company revealed to reporters, the company in the Agricultural Bank of inquiry had reported a price of 2.8 yuan and 800 million shares of intention to subscribe, and Agricultural Bank finally determined the 2.52 yuan to 2.68 yuan inquiry interval, lower than the company expected, mayThe company's final subscription will be slightly above 800 million shares.　　According to this calculation, the company will spend about 2 billion yuan of funds to purchase Agricultural bank. In fact, ABC's inquiry has shown the agency's interest in ABC. ABC preliminary Inquiry, a total of 91 inquiry object management of 244 placing objects to participate in the preliminary inquiry quotes, which provide effective quotation for a total of 214, corresponding to the total purchase of 59.5058 billion shares, is the Agricultural Bank of new shares to be issued 22.24 billion shares 2.68 times times.　　These agencies actively participate in ABC's inquiry, on the one hand, for the Agricultural Bank's own asset quality recognition, on the other hand, the allocation of investment portfolio needs.　　Sources revealed that in the main underwriters in the recent purchase of the Internet Inquiry object to the survey, most of the shortlisted respondents expressed the intention of oversubscribed, and even the agency asked whether the purchase under the net to more than 200% of the proportion of the subscription. However, in the face of the market environment, the banking sector in the two quarter suffered a sharp fall is an indisputable fact. This has also caused a big divergence in the market for banking stocks.　　In this regard, South Fund chief strategy analyst DeLong that the recovery of bank stocks must meet three requirements: The valuation is absolutely cheap, capital is particularly abundant and investor sentiment is high, the latter two conditions are clearly not available. Shenzhen, the investment director of a fund company to reporters that the bank shares are now low valuations, is already oversold, even if it is not the best investment options can be obtained, it must be relatively high safety margin, can gradually increase the proportion of varieties.　　He said that now the fund's allocation of banks should be lower than the market standard, the second half of this situation may gradually change, the timing of AgBank's IPO to increase the allocation of bank shares is also the second half of the investment layout is an important step. The market has continued to fall in recent two days, with fund managers thinking that AgBank's IPO does put pressure on market funds. However, the current point is close to the agreed bottom area of the agency, believing that the market will pick up after the ABC IPO.