Su Ning issued debt tumbled stock price

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Changyu, Citic Securities (600030, shares bar), Suning appliances (002024, shares bar), in the past three trading days in the three stock market "elephants" respectively in the gun, the three shares of the plunge are "groundless rumors, amplification bad and large unexpectedly hit disk power" and other characteristics, some experts believe that This or the introduction of the short profit model after the rehearsal, the mainland market "muddy water attack" is only a matter of time.

Su Ning issued debt tumbled stock price

In Friday, Changyu because of a fetal death in the "pesticide exceeded" report and fell, although the weekend company resorted to all the tricks, still failed to restore investor confidence, two days this week a narrow range of shocks, most of the lost land has not regained.

Monday, Citic Securities became the second gun elephant, and dragged down the stock market, although "overseas investment losses 2.9 billion" and "top arrested" and other rumours have been clarified, but the stock yesterday's trend was still poor, the lowest fell more than 4%, closed down 1.64%.

And yesterday's turn is suning appliances, the company intends to send 8 billion yuan corporate debt, according to statistics, if the release of the smooth completion of the annual increase in financial costs of about 480 million yuan, Everbright Securities (601788, shares bar) Tang Jia called "bite."

Su Ning and Beijing east, Gome intensified electric business war also became the reason for the market short. Yesterday after the plate, Jingdong Mall chairman and chief Executive officer Liu posted Micro bo said "from nine o'clock in the morning tomorrow, Jingdong Mall all the big home appliances prices are cheaper than suning line online!" And no bottom line of cheap, if Suning dare to sell 1 yuan, that jingdong price must be 0 yuan! The stock of Suning shares fell 7.11% yesterday.

Almost at the same time, Suning easy to buy executive Vice President Li Bin also said, "any netizens found that the price of suning is higher than Jingdong, we will immediately adjust prices, and to give the feedback has been purchased twice times the difference payment." ”

If these two commitments are honoured, theoretically, consumers can eventually buy 0 yuan home appliances, and even buyers of electricity "money", a large number of netizens, have been impatient to see the "Spear and shield" the final outcome of the game.

Shorting Power looms

Changyu's pesticide Door report, known as the Chinese style of muddy water reports, observed that in the news of the first ten days of exposure has been the fund gradually sold Zhang Yu A, the day the margin of 36000 shares, more than the previous days margin margin of half. When Citic Securities plunged in Monday, there were also professional investors who said publicly that "bonds sell CITIC Securities".

Gaofu (Shanghai) Investment Consulting Co., Ltd. Shi Yuxin that "Zhang Yu A, Citic Securities, Suning appliances are all approaching the fall." The institutions that sell coupons short are making a full pot. In a bear market, investor confidence is extremely fragile and shorting is much easier than doing it. Once the switch is opened, the power of shorting the coupons will be more ferocious. ”

Intermediation business means that investors can borrow money from banks and other institutions to buy shares, but also to the Fund and other institutions or major shareholders to sell shares, in the fall of profit.

"It's a staging rehearsal." "Industrial Securities (601377, shares) Shenzhen chief investment adviser Ye Xiaojun in an interview, said," Now Bond is still subject to the size limit, I am in the Securities department has customers to sell Citic Securities, but when the collapse of the want to add but has no marked, the intermediation once implemented, the convertible securities will be much more than now, It is more convenient and more common to profit by shorting stocks. ”

Ye Xiaojun revealed that there have been private placement in the gearing, ready to meet the opportunity to short money, "There are private placement has been found in the financial statements of many problems in the company." It can be predicted that the future muddy-water report will go a big way. ”

Promoting the return of market valuations

Ye Xiaojun said that, if the switch, "the market will have a return on the process of valuation, plate, GEM, manufacturing and other cyclical stocks may become hardest hit, individual plate will fall 30%." He believes that the market will be "big bad", because the current market is too poor, so he "on the transfer can be introduced in the near future there is doubt." ”

The market is widely expected, the transfer will be introduced in the three quarter, "no more than four quarters at the latest", but the previous news media reported that the fastest August will be launched, the first batch of pilot brokerages will reach 11.

"Financing margin to create a domestic hedging investment strategy 2.0 era." "CICC Wang Shu that," the development of margin business provides two new trading mechanisms for domestic equity investment: one is trading lever, the other is shorting mechanism, which provides a platform for domestic hedge funds to develop new investment strategy for the country. ”

From the current situation of margin lending, financing is still the main behavior of investors, the past week's data show that the margin of financing margin of 65.615 billion yuan, of which the balance of financing is 64.243 billion yuan, the balance of the margin of 1.373 billion yuan. Financing accounted for 97.91%. It can be expected that with the expansion of the subject matter, the proportion of its share will undoubtedly be promoted.

There are also suggestions from the industry, you can first launch to finance the bailout. It was widely expected that refinancing would inject 120 billion of dollars into the market. (Reporter Lin Yanlong)