Reduction of the size of the first half of the monthly decline in non-market pressure to reduce.

Public disclosure of the information display, enter the lifting of the ban in 2008 after tidal, holdings of the Selling Shareholders limit behavior although very frequent, but the reduction of market value of the monthly decrease. .At the same time, the lifting of the ban after the introduction of new regulations, the role of block trading system was split, the market began to ease the pressure. .<P> (Http://) under the United Securities and Hai Tong Securities Institute data show that between 2007 and the first half of this year, publicly disclosed the size of the non-sold a total of 7.742 billion shares, cash market value of 1 140 billion. .Among them, the first half of this year showed less reduction of the monthly market value of the momentum. .January-June of the reduction of market value was 10.849 billion yuan, 5.142 billion yuan, 4.548 billion yuan, 2.636 billion yuan, 13.11 billion yuan and 1.18 billion. .While the lifting of the ban in accordance with the market value of 2.8 trillion during the first half of view, the proportion of very small holdings, but not without notice of the small non. .The holding cost is low, the size of non-reduction of the strong desire in general, but its large holdings through block trading system, reducing the pressure on the secondary market, help stabilize the stock holdings of investors in the stock of the psychological expectations. .</ P> <P style=MARGIN: 0px> Wang Hui Hai Tong Securities Research Institute believes that a large non-reduction from the first half of the situation, showing that the restricted shares on the market pressure is not so great. .Rapid decline in the market, 2 to 6 months, reduction of market value were 51 billion, 4.5 billion yuan, 26 billion yuan, 1.3 billion and 11 billion yuan, lifting the market value of holdings of the proportion of market value is very small. .Low stock price, the "cardinal" is not much power reduction. .</ P> <P style=MARGIN: 0px> Hui Wang estimates that the second half of "cardinal" of reduction of the market capitalization of 200 billion yuan on the capital markets will not have substantial influence supply and demand, and these holdings .proceeds will not necessarily be completely divorced from the secondary market. .But next year and the year after, Restricted Shares will further increase the pressure lifted, for the 2008 2 to 3 times. .</ P> <P> is worth noting that, "listed companies to lift restrictions on sale of shares of stock transfer guidance" of the 2 months since the release, block trade transactions also exceptionally active. .Through the system, according to Securities statistics, April 22 to June 30, a total of two cities A shares traded by the block trading system 161, turnover of up to 6.546 billion yuan, accounting for a large trading turnover in the first half of the overall 9.0 billion .The Qi Cheng. .</ P> <P> industry believes that, although the bulk of all transactions on the trading system are the reduction of the size of Africa, but we can see, there are many shareholders through a share sale this platform, the block trading system has played a significant .shunt reduction pressure. .</ P>.