ABC a net under the subscription under the single enthusiastic or trigger to the online callback mechanism

Every reporter Tianwen will come from Beijing, said the Chinese agricultural Bank A-share strategy placement and the net purchase of the first day of the market is not affected by the weak, performance are very active.　　The strategic placement of more than 30 billion yuan, higher than the 27.412 billion allocation limit.　　Strategic placing excess yesterday (July 1) is the strategic placing target payment date, the strategic placing subscription is enthusiastic. An unnamed strategic placement investors staff told reporters: "Our company the day before yesterday (June 29) received the ABC strategic placing of the target payment notice, 10 o'clock in the morning on the full payment." In the afternoon, ABC Distribution Center feedback has received strategic placements, but since the strategic placement has been oversubscribed, it will have to adopt a proportional placement. We planned to buy 1 billion yuan ABC stock, now may only buy 700 million ~8 billion.　　"Close to the ABC A-share issue confirmed to reporters that the Agricultural bank plans to allocate no more than 10.228 billion shares, according to a-share issue price interval limit of 2.68 yuan/unit, the amount of strategic placements can not exceed 27.412 billion yuan, and up to 4 o'clock in the afternoon yesterday, the strategic placement of the target payment has exceeded 30 billion yuan. AgBank will be the fastest growing bank in the next three years for the top five state-owned banks, said the investor's staff. This time affected by the market, ABC's low price, and in the next three years, AgBank promised to distribute cash dividends to shareholders in accordance with the 35%~50% of net profit every year, even if the stock price does not rise, can also ensure that at least 4% of the annual yield, is very good long-term stable income variety, if consider now the bank is undervalued, it is　　It is a pity that this is not fully matched.　　or trigger to the online callback mechanism a person close to the internal Bank of Agriculture, said the first day a A-share network subscription warmly, investors under a single enthusiastic. After the ABC A-share preliminary inquiry response is very enthusiastic.　　According to our correspondent from the Agricultural Bank insiders understand, a total of more than 90 inquiry objects and more than 240 placing objects to participate in the offer, the effective price of the purchase amount of about 60 billion shares. However, any placing object can only select the Internet or a way to carry out new shares purchase.　　Any person who participates in the placement of a preliminary inquiry offer, whether or not there is a "valid offer", shall not participate in the online distribution. According to the estimate of a securities company, more than 1000 Internet placements are currently eligible to participate in the online distribution.　　These net placing objects are institutional investors, according to each online purchase 10 million shares calculation, the total form of online subscription funds more than 27 billion yuan. ABC's large underwriting group, 4 main underwriters and 21 distributors have more than 2,100 sales outlets, will be able to contribute to agricultural Bank 1 trillion of the online subscription funds.　　The person initially estimated that AgBank online purchase rate may be less than 3%, and trigger the net to the online callback mechanism.　　After listing or have 10%~20% up space AgBank and ICBC, CCB's valuation has a higher comparability. ICBC June 30 closing price and the first 30 trading days of the average price of 4.06 yuan and 4.31 yuan, CCB 4.70 and 4.9 respectively4 Yuan, the corresponding city net rate of ICBC is 1.89 times times and twice times, CCB is 1.84 times times and 1.93 times times.　　Agricultural Bank has determined a a-share pricing range of 2.52 yuan ~2.68 yuan, on the price of 2.68 yuan corresponding to the city's net rate is about 1.7 times times lower than ICBC and CCB.　　AgBank is in a low valuation, its stock price is also far lower than the other two banks, there are analysis that the Agricultural Bank after the listing or have 10%~20% room for growth.　　AgBank's listing will strengthen the bank's plate weights after the IPO will change exponentially. In the current composition of the Shanghai Composite Index, PetroChina and Sinopec accounted for 15.77% of the weight, the rise and fall of the market is closely related to performance. Since 2008, "double-male" diving, no exception to trigger A shares of the tragic fall.　　The four major state-owned listed commercial banks work, middle, construction, and exchange accounted for only 12.27% of the index weight, embarrassing dimension stability task. AgBank's listing will change the current index structure to some extent, diluting the weight of the "petrochemical duo" in the Shanghai Composite and increasing the strength of the banking sector. Assuming the full exercise of the option of excess placements, and the price of 2.68 yuan, the Shanghai Composite Index will be about 4.5% of the weight, similar to BOC.　　In this way, the future Shanghai Composite index of the top five heavy stocks, workers, farmers, will occupy three seats, the weight of the bank plate would be further increased. The current valuation of listed banks is close to the bottom, coupled with the upcoming Agricultural Bank of Agriculture also has a discount, the banking sector will undoubtedly become the future a-share market, "the Fixed Poseidon needle."