Insurance Agency Guild Wars net purchase to hit new yield or lower

13 Insurance institutions can participate in the network under the allocation of funds of about 211.185 billion yuan-our reporter Rosan with the three gold in Guilin, the first single IPO, the funds will also be competing in the new issue of new offerings battlefield.　　It remains to be seen how the main insurance agencies will act. Yesterday, Ping an asset management company told reporters that we are willing to participate in the issue of new shares, will participate in the inquiry, but to see the online net rate of return decision whether to purchase. "IPO restart, the new stock inquiry is sure to participate in, as for the purchase to be based on inquiry after the price to be determined, now is not easy to say."　　"A person from the Chinese insurance Asset Management company also expressed the same meaning. In addition to the issue of pricing, the new IPO rules on institutions to subscribe to the restrictions are more prominent. Most institutions will be from the network under the simultaneous purchase of the network under the purchase, the network subscription will be more intense competition.　　In this way, some in the industry are worried that the IPO rate may fall, and the rate of return will also fall. SYWG's research shows that for institutional investors with billions of dollars in funding, participation in online subscriptions is of little significance.　　Participation in the network under the placement of the purchase rate is higher than the cost of repurchase financing, while the actual rate of return on the online purchase is far below the net placement rate of return, so the amount of funds in more than billion institutional investors will be more emphasis on the net placement. Reporters from a new stock of securities dealers learned that the IPO before the suspension, the return of the new shares are different, in general, the small stock yield of about 3 per thousand, and the big market stocks may be 1%.　　Now that the distribution rules have changed, the IPO yield should also change. However, the PICC Asset Management Company believes that this is not necessarily because the Internet subscription agencies previously hundreds of, there is no new products, probably hundreds of.　　But the brokerage self now has only one account, the scale may reduce instead. In his view, insurers seek stability in earnings, so the enthusiasm for new shares ultimately depends on the rate of return. If the yield is similar to the two market, there may not be so many agencies involved.　　Even if unlike the previous 100% earnings, there is a 20–30% stable rate of return, insurance agencies should also be involved as important institutions.　　This year, the capital of up to 114.8 billion yuan new fund or will give the domestic stock market to bring 53 billion yuan to enter funds. By contrast, the size of insurance funds, whether via these new funds or directly investing in the stock market, is a bit of a mess. The insurance fund does not have a clear arrangement for the ratio of the first and two levels of the market, the company should be different. The outside world might be able to estimate the amount of money that could be added to the market.　　As to how much of the new fund is being purchased by insurance funds, it is not known. According to statistics, the current 33 have been listed companies to raise funds up to 72.2 billion yuan. Under the 20%-25% net placing proportion, the net placing amount 14.44 billion yuan to 18.05 billion yuan, the compromise estimate, is about 16.245 billion yuan. At present, domesticThere are 13 insurance institutions such as Ping an assets, Taiping assets and so on, if according to the above net placing capital ceiling calculation, 13 institutions can participate in the net placing of funds about 211.185 billion yuan.