The capital is filled with fear of pumping. Blue-chip slide shows peak

Hot money flooding Hong Kong stocks, Hong Kong's banking system balance today reached a new high of 257 billion yuan, the market pumping activity is frequent, in particular, the Construction Bank (00939-HK) by the shareholder chain Rights, BYD (01211-HK) and in the transmission (00658-HK) is also the shareholders placements, recently,　　There are a number of listed companies plan a rights issue and to raise funds, and the advance publicity has raised the pressure of China Merchants Bank (03968-HK), more biography will be large-scale stock, in the current flood of funds, the emergence of pumping activities, the stock market is much more cold, investors should be cautious. Hong Kong stocks in recent months, the Hang Seng index rose from March low to 17,000 points, an increase of 50%, many listed companies take advantage of the investment climate improved, capital flooded, the opportunity to pump, the Chinese automation (00569-HK) earlier in the first new way to placing 86 million shares,　　A maximum of $206 million was raised, and a new round of pumping is expected to emerge in Hong Kong by placing some 120 million shares in the new form of 00494-HK and raising about $2.71 billion in the first and last September. As a matter of fact, as a result of the pick-up in the market, many listed companies have risen from their lows, so many companies have raised funds by means of lower cost allotment, and earlier, the large blue-chip real estate unit Sun Hung Kai Property (00016-HK) has been issued with a rights issue scheme, but has been denied　　But another blue-chip bank shares the core capital adequacy ratio is only 6.56%, management has previously publicized the pressure to raise funds, the market expected to raise the amount of tens of billions of dollars. At present, in many listed sectors, the internal housing unit is under pressure to raise funds, although the share price of the unit has risen by this time, but on the whole, the housing unit has a great demand for capital, of which Shimao property (00813-HK) was put up in the first-ever new way earlier last month,　　Raise 1.96 billion yuan, and inside the housing stock such as decimating real estate (02777-HK), 00754-HK, etc., can not rule out the possibility of raising rights. Indeed, in recent days, the market has to deal with the issue of shares of small and medium sized companies, and the markets have to cope with the financing of 01060-HK, which was announced by the Allied Cement company earlier on the proposed 2 for 1 share, 131 million yuan, and Huahan biopharmaceutical (00587-HK) to 2 for 1.　　Raise 220 million yuan, when more and more companies share rights and shares, will be a large number of market funds, when the market once the completion of fund-raising, and hot money flow down, Hong Kong stocks downward pressure will be very large. At present, the big city is obviously driven by capital to rise, because the money can stay very fast, although recent signs of adjustment in Hong Kong stocks, but may not be a move to the bottom, coupled with the market has not seen a large number of listed companies allotment, large blue chip prices fell sharply, and volume continued to reduce significantly, when the three synchronized, The big opportunity is the signal of the peak of the city, and now the market must risk investment.