ABC freezes funds or trillions of dollars to reserve positions for purchase

Xinhua News (reporter Gaochenwu) yesterday, the reporter learned from the authoritative channels, the current enthusiasm of investors continued to warm up, major insurance companies and funds to set aside a large number of cash positions in preparation for the 6th payment, the industry forecast the bank's purchase of frozen funds will be more than trillion. ABC's price range is 2.52 yuan/share-2.68 yuan/share. Market analysts generally agree that the price range is more reasonable in terms of relative valuations and absolute valuations. Even in accordance with the price ceiling issued, compared to the Bank of ICBC, CCB 2010 Forecast the market rate is still 14.67% and-12.78% discount.　　Reasonable pricing range, but also make AgBank become the market's most cost-effective large bank stocks, the purchase date of the market to provide support for this. June 30 is the first day of ABC, wind two bank plate index slightly down, flexible several small banks are mixed but the amplitude is very small, and the smallest flexibility of BOC and ICBC is the industry's first decline, respectively, fell 2.31% and 1.46%. "We believe that this is related to AgBank's listing, the quality and size of the bank's assets and ICBC, CCB close to, but ICBC and CCB, especially ICBC's market net rate of nearly 15% discount." The index, which is expected to weigh about 4.5% in the Shanghai Composite, is similar to BOC's, but the quality and scale of its assets is better than that of BOC. In combination, compared with ICBC and BOC, ABC is more cost-effective and more worthy of allocation. Therefore, some organizations in the purchase date to sell some BOC, ICBC stock, prepare funds to purchase new Agricultural bank shares, which led to a variety of bank shares.　　"For the abnormal performance of the market yesterday, a well-known banking researcher explained. July 1-July 6 is the net release date, the result of the strategic placement of the amount of July 1 contributions has been more than 30 billion yuan. At present, major insurance and fund-type institutions have set aside large cash positions to prepare their contributions. A banker said: "From the cash positions of the agencies can be expected, the bank's purchase of funds to freeze more than a trillion." ”