Wenzhou House-building families go to Hong Kong to subscribe for the Gold Corner brokerage reserve 88.5 billion margin

Beijing BBMG (02009) Apart from attracting Hong Kong's capital, all over the capital try, including to the famous Wenzhou private enterprises and so on, recently began to Shang to Hong Kong, that is, the mainland so-called "to play new Shares" (that is, the subscription of new shares), the deployment of "big fly", big hand subscription.　　As of yesterday, a total of 8 securities dealers, has reserved a maximum of $88.5 billion margin for bbmg, of which 24 billion have been booked by customers (see table). 25 times times more international placements for international placements, according to the Hong Kong Economic Daily, the subscription amount of about $18 billion (about HK $140.4 billion) has been recorded, amounting to 25 times times the amount of the international placement of 5.359 billion yuan.　　Excluding the $175 million (HK $1.365 billion) allocated to the base investors, only $3.994 billion can be allocated to international subscription investors;　　Organic to the "Frozen Capital King" BBMG, the day before yesterday, the Bank of China has prepared 30 billion yuan for the financing of new shares, Taiwan's capital background Kgi said yesterday, also prepared 8 billion to 10 billion yuan to provide margin, but did not disclose how many have been reserved by customers.　　KGI Securities operating President Bin not to mince the market demand for BBMG, there are many to fall large flying Treasure Island guests. BEIJING-Sui Wenzhou customers have Shang to Hong Kong as for the mainland, according to China Merchants Securities (Hong Kong) Managing director Wintenna said that in the last two or three weeks from Wenzhou, Beijing and Guangdong province and other mainland investors came to Hong Kong to open an account "to play new shares";　　Wintenna added that although banks generally have one-stop service for new shares, by opening an account, providing margin lending, and so on, but because it is the "Head Hammer Fly" (the maximum subscription) involved in more than 300 million yuan, even if borrow 90% margin also to pay 30 million yuan, so need to mobilize funds in advance, to draw new shares ready.　　On the other hand, due to the lack of large new shares in August, even if it is Fosun International (00656) under the control of the medicines, the company intends to expedite the introduction of the pace, but the current progress is difficult to rush and next month, so that the summer vacation or only the golden corner of the new shares, the bank can concentrate firepower big margin. It is learnt that the BOC Hong Kong (02388), as the receiving bank, does not set the margin ceiling at the end of the time and will ultimately look at the amount of the subscription when the offer is received.　　After all, according to the rules of the game of the new shares, the subscription amount received on the same day can be used for revolving lending, hoping to achieve a snowball effect. BBMG has the opportunity to create five new shares of "Frozen capital", as to whether the last, that is, the end of 2007 China Railway (00390) frozen $400 billion of the record, remains to wait and see.