The tide of the lifting of the gem is not paper tiger

Headline comments with the October 30 approaching, the gem will usher in the first lifting flood peak.　　According to statistics, the first batch of gem lifted the number of 1.194 billion shares, is the current number of shares 1.17 times times, and the lifting of the market value of up to 33.318 billion yuan (according to the September 14 closing price calculation). The ban on restricted shares, for the main board market, has become accustomed to, many investors have to ban restricted stocks as a paper tiger.　　So, for the arrival of the lifting of the gem, many investors also did not care, just as a "small paper tiger." For a-share market, 1.194 billion shares, 33.318 billion yuan market capitalisation, this does not make a big impact, and the market value of AgBank's listing is similar.　　But for the gem, the lifting of the 33.318 billion-dollar stock market is not a trivial matter. The ban on restricted stocks is currently in the main board market, on the one hand, the current motherboard market capacity has begun to take shape, the market to enhance the ability to undertake. On the other hand, is also a very important reason is that the main board market listed companies, the majority of the state-owned enterprises, the proportion of the state-owned shareholders larger. In order to reduce the pressure of the ban on restricted shares, these state-owned shareholders basically assume the mission of stability of the stock market. Despite the lifting of the ban, the stock has not been reduced, and some shareholders, such as Huijin, have even increased their holdings. This makes the market does not feel the sale of restricted shares of pressure.　　In fact, if large shareholders such as Huijin also reduce stocks significantly, the impact is also unbearable market. But the gem obviously does not have the motherboard market such stability strength.　　Gem to private enterprises, private enterprise mainly, once the ban on restricted shares, not only the stability of shareholders, and the selling will be the common choice of these enterprises shareholders. If the motherboard market is a big river, the gem is just a small pond. But the size of this small pond suddenly increased by more than one times, this gave the first 28 stocks of the gem of the pressure is huge, in particular, Huayi Brothers lifted the number of the lifting of the stock is 5.42 times times the volume of the ban, le Pu medical the lifting of the number of shares is currently in circulation 4.1 times times.　　This extraordinary regulation of the increase, bring to the gem is the extraordinary pressure. In fact, it is not just a huge expansion of the pressure of the problem, the most important thing is a restricted stock shareholders are now in a mood of urgency. For example, those who hit the stakes, those who invest money, they are looking forward to the stock will be able to cash out as soon as possible. There are also executives of listed companies who are not even senior executives in order to get their cash together soon. At present, the high valuation of gem is also an important reason to lure the original shareholder. At present, the gem stock has a price-to-earnings ratio of about 70 times times, greatly overdrawn the company's investment value, and those holding a limited sale of shares of shareholders, its investment cost is very low, less than a few times, more than dozens of times times, even on a hundredfold, in the face of such profiteering, shareholders do not have the truth. In particular, many of the gem companies are listed in the packaging, these companies have been listed soon after the phenomenon of performance, holding these companies stock investors, but also to go as soon as possiblePeople。　　It is for such reasons, the first time the arrival of the gem, to bring the gem, especially the first 28 companies will be very big impact, is not used to scare paper tigers, investors must prepare early.　　And, with the arrival of the first lifting of the tide, the gem of other companies restricted shares of the lifting of the ban will also come, the gem from now on to usher in a steady flow of restricted shares lifted, and will give the gem to bring more than 4 times times the expansion of the gem valuation decline is inevitable, the gem will embark on -Pihai (Hubei financial reviewer)