Under the net sale subscription enthusiastically ABC Frozen capital or innovation high

ABC IPO network under the purchase has started on July 1, to July 6 three o'clock in the afternoon net purchase end. According to sources, AgBank's 27 strategic investor subscriptions were fully accounted for under the net issue. According to the issue of the announcement, ABC will issue 22.5 billion shares in the initial, callback mechanism to start the network under the placing of 4.8 billion shares.　　Analysts believe that, such as the Agricultural Bank of 2.68 yuan in the upper limit of the purchase price, then the Agricultural Bank in Tuesday will issue about 10.5 billion shares, frozen funds will be more than billion, the main underwriter estimated online check rate of about 3%.　　The ABC issue is the capital market bank shares overall valuation level reached a historical low, relative to ICBC, CCB and other comparable banks, ABC's distribution pricing range to give more than 10% discount, from the net subscription in the last few days, investors showed great enthusiasm for the purchase. Some fund company also said that they will also participate in the Agricultural Bank issued a net subscription.　　Agricultural Bank of this issue price range of 2.52 yuan/share-2.68 yuan/shares, in order to ensure that they can purchase enough of the ABC stock, they are prepared in accordance with the initial inquiry stage of the effective purchase amount of 200%, in accordance with the issue price interval of 2.68 yuan/shares under the net purchase. From the institutional investor structure of the current a-share market, insurance companies and fund companies occupy most of the active inquiry institution investors, in the past mega IPO projects, insurance companies, fund companies, the number of subscriptions can generally account for more than 70% of the total. At present, insurance companies, fund companies and other institutional investors on the Agricultural Bank's investment stories and highlights expressed full recognition. Agricultural Bank of the four major state-owned banks listed as the finale of the stock market, Agricultural Bank asset quality is solid, accounting for 93% of the loan ratio of new loans (issued after 2004) the non-performing rate of only 2.33%, the loan industry distribution balance.　　Interest rate for the first half of this year is lower than ABC, CCB and BOC. In Thursday, when ABC officially began to purchase online under the network distribution, the Shanghai and Shenzhen stock market adjustment, some institutions heavy warehouse stocks fell in front. Industry insiders believe that the Agricultural Bank issued in spite of a certain impact on the two-tier market, but this is in the expectation, not to mention the net purchase for up to four days, more money may be concentrated in Tuesday subscription. The fall in the market was more a result of some market news.　　Analysts believe that, due to the protection of green shoes mechanism, ABC will not break the market, the purchase of funds estimated to profit more than 10%. A fund investment director believes that the bank issued a listing, short-term funds face a certain pressure, but from the current market in the stock of money, already have the ability to allow agricultural bank to land smoothly.　　Many investors in the market waiting for the Agricultural bank to enter the low level, may be frustrated, or even after the IPO, the short-term will appear a grab plate market. Beijing