Broken mmmm scare back to play new trust transfer to the two-tier market still quilt

Every reporter Zeng Zijian end of last year, new shares broken mmmm raid a shares.　　With the "new" profit thinning, many "new" funds have to temporarily leave the primary market and turn to the two-tier market, which even includes some originally "new" trust projects. Yesterday, Jiangxi Long Yun (600561, closing price of 12.42 Yuan) announced annual report, <3 International Trust Co., Ltd.-Zhejiang Bank of China new Shares purchase trust project period > (hereinafter referred to as the Joint China Trust IPO 3) holding 3.7314 million shares, become the 5th largest circulating shares of shareholders.　　The daily economic news reporter noted that the trust was established last December 24, or within a mere 6 trading days, the trust has become one of the major shareholders of Jiangxi Long Yun. The untimely "dozen new" trust broken mmmm in the birth from last December 24, the A-share market suffered the most recent years the most violent new shares broken mmmm. December 24 on the same day, the SME board listing of the British Fei Tuo (002528, closing price of 48.44 yuan) only 7.12% of the increase, and in the listing of the 3rd trading days break, so far has not returned the IPO price.　　In the following days, Lifan shares (601777, closing price of 13.14 Yuan), Jialong shares (002495, closing price of 28.61 Yuan), Kailash shares (002521, closing price of 38.16 yuan) and many other new shares are falling into a break embarrassment.　　Wind statistics show that last December 24 to the middle of January this year, the listing of more than 20 new shares, 4 of the first day break, another 4 stocks in the market after 10 trading days below the lowest price, the new share break probability reached 28.57%.　　According to the official website of the China Trust, the IPO 3 issue of the Joint China Trust was launched on December 22 last year and was born on December 24. The name does not match the substantial investment in the secondary market to see the "dozen new" money hopeless, the Joint China Trust IPO 3 immediately to the funds to the two-tier market. From December 24 to December 31, in just 6 trading days, the purchase of 3.7314 million shares in Jiangxi Long Yun, the shareholding accounted for the Jiangxi long-term total share capital of 2.01%.　　By the end of last year, the Joint China Trust IPO 3 period in Jiangxi Long Yun's shareholding market value as high as 48.77 million yuan. Since it is a new stock purchase trust, why can participate in secondary market transactions? Industry insiders point out that this depends on how the Trust program uses trust funds. According to the official website of the Joint China Trust, the investment scope of the trust is mainly used to invest in stock, bonds, subscription of new shares and warrants.　　As of December 31, 2010, the proportion of the trust equity assets is 77.49%, the proportion of cash assets is 22.51%.　　In other words, although the Joint China Trust IPO 3 period, although the name is "new shares purchase", but in fact, the plan can still participate in the stock market two level operation. The results of the establishment of the two-month loss of more than 5% in many people's impression, new shares purchase windThe risk is very low, even if encountered broken mmmm, as long as the listing immediately after selling, will not appear too big loss.　　However, the Joint China Trust IPO 3 period was set up about two months, loss margin of more than 5%. According to the "NET Trust Product Disclosure List" disclosed February 22 this year by the official website of the Joint China Trust, the net value of the trust unit was only 0.9432 yuan as at February 18, and the net worth was 5.68%.　　In the same period, the Shanghai-Shenzhen 300 index fell only 1.33%. 1 Why is it that the trust products which are only named "new shares purchase" are in operation, why do they buy shares in the two-tier market in a large scale, and why are there more than 5% losses after the establishment of two months? Yesterday, "Daily economic news" reporter Telephone Interview the Trust Program trust manager Huno. However, for the questions posed by reporters, Huno said that he could not be interviewed and that reporters Haiyan contact with the staff of the Joint China Trust Office. Subsequently, the reporter calls Huno to provide the telephone, but always in the busy state.