Analysis says ABC's 1 billion Protection orders or green shoe funds

July 16 Afternoon news, closed, the second day of the listing of Agricultural Bank of China's shares has been hovering between 2.68 yuan-2.70 yuan, repeatedly touched the issue price.　　The analysis said that, from yesterday and today's trading situation, in the 2.68 yuan break critical point Price has always been more than 1 billion orders, it is likely from the huge green shoe buying. Following the 2006 ICBC A-share IPO, the AgBank A-share IPO again introduced the green shoe mechanism, placing more than 15% of the initial issue of shares in investors.　　Green shoe mechanism to ensure that agricultural Bank of the future prudent provision of adequate ammunition, "purchase price can be at the price or the price below." From the announcement, authorized owners can use green shoes funds from the two-tier market to buy Agricultural bank to stabilize the future, "every time to declare the purchase price can not be higher than the issue of the offer", that is, buy prices may be the following or the same value. The largest number of buy shares can reach 3.335 billion shares, to 2.68 yuan of the issue price calculation, the fund can be up to 8.9 billion yuan, the bank will provide effective future stable performance support. (Super Yan from Beijing)