Large institutions reserve positions ready to apply for ABC frozen funds will be over trillion

July 2 ABC online purchase into the next day, the reporter learned from the authoritative channels, the current enthusiasm of investors continued to heat up, major insurance companies and fund-type institutions have set aside a large number of cash positions ready to pay in 6th, experts predict the bank will be more than trillions of dollars in the purchase of funds frozen. ABC's issue price range is RMB 2.52/share-2.68 yuan/share (with upper and lower limit). Market analysts generally believe that the price range, whether relative or absolute, is more reasonable, according to Bloomberg data for Friday, the price range corresponding to the 2010 forecast market net rate of 1.53 times times 1.57 times times. 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, more flexible several small banks are mixed but the amplitude is small, and the smallest elasticity of the Bank of China 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 discount to nearly 15%." 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 is the first day of the Agricultural Bank of the net issue, the strategic placement of the amount has been paid more than 30 billion yuan. According to the announcement arrangement, the final payment date for the online purchase is July 6 (T-day). Today's market funding is also a reflection of the agency's soaring subscription enthusiasm, with major insurance and fund groups leaving large cash positions ready to pay for number 6th. Most institutions have a strong appetite for short-term funding, but the average maturity of the funds is at number 5th. Some bankers believe that "the movement of cash positions from various institutions can be expected, this time the ABC purchase will be more than trillion frozen funds."