Wednesday, December 15, 2010

China into the world's worst stock market IPO A packaging why the increase in commission income.

<P> The first half of the global investment banking commission income up to $ 37,100,000,000, up 7% year over year, which doubled the total in China, an increase highest in the world. .First half of the world's top ten IPO> IPO, from Chinese companies accounted for three seats, respectively, Huatai Securities (157 million yuan), a Chinese weight (11.4 billion) and Western Electric (103 billion). .</ P> <P> the same time, the first half of the world's worst stock market A, even more than the occurrence of the Greek sovereign debt crises even worse. .As of June 30 close, the benchmark Shanghai Composite Index fell 26.82%, Shenzhen Component Index fell 31.48%, A market value "evaporate" over 2.5 trillion yuan. .The Shanghai Composite Index during the first half of this year is the worst performing major stock markets in Asia and the world's one of the worst performing stock market. .</ P> <P> Wonder is the worst one is that the stock market, international investment banks in the Chinese IPO> IPO packaging and commission income has not decreased double straight up. .This is in sharp contrast to European and American countries. .Western Europe due to the financial crisis and the debt crisis, the commission income to drop 23%; commission income increased U.S. investment bank also declined. .General rule is that the financial crisis led to the economic downturn, the capital market downturn, IPO> IPO companies to reduce the investment banking commission income. .The Chinese investment bank in particular the international investment bank IPO> IPO commission income contrary to the basic law, and contrary to the world's worst stock market, not only did not fall but increased substantially, it is incredible, it is very characteristic indeed "special." .</ P> <P> international investment bank IPO> IPO commission income doubled, indicating that the Chinese A-share market downturn in the world's most IPO> IPO has not decreased but has increased. .First half of the world's top ten IPO> IPO, from Chinese companies accounted for three seats, is proof. .No IPO> IPO's large increase, but where's commission income? And China's IPO> IPO issue is basically a planned economy system, power rests in the hands of regulators. .Regulatory authorities in China's stock market is very depressed state, not only does not reduce the IPO> IPO, but increased its speed. .Most in China's stock market downturn accelerated global IPO> IPO, and the aircraft carrier-style IPO> IPO enterprises accounted for nearly 30%, which is no doubt that China's stock market is worse, it is not difficult to understand the predicament of the Chinese stock market now. .Macroeconomic situation is not optimistic, A-share market continued issuance, the double blow of macro and micro, how can China's stock market had to bear? <P> It is said that slow IPO> IPO or stop the IPO> IPO is a backward approach, is simply a pack of .nonsense. .Severe in China's stock market delisting mechanism is not established, do not stop the IPO> IPO market got to be able to withstand. .Like water in a pool, has been without water, how can people not spill it? Stock market is a thoroughly European and American developed countries, market-oriented market. .Enterprise IPO> IPO only access, there is no similar Chinese regulatory review and approval. .Most importantly, the developed countries market is a perfect entry and exit mechanism, smooth and transparent market. .Come easy, exit is also very smooth. .For example: Recently, the United States, Fannie Mae and Freddie Mac were ordered to withdraw from the market on the grounds that: the share price continued to less than $ 1 a month, lower than the New York Stock Exchange listed company's share price on the minimum requirements. .Coercion in this exit mechanism, in the economic downturn, the stock market doldrums, many companies you let him IPO> IPO, he will not do it. .Because, you may face not only a listing on the break, but rather is likely to face a public issue was ordered to withdraw from the market. .Investment bank IPO> IPO packaging costs so much, then companies are not stupid take the risk. .Chinese stock market is complete it? Chinese stock market has kind of mechanism? From the stock market so depressed, requiring IPO> IPO companies are still as enthusiastic, investment banks made huge profits to give a good answer. .</ P> <P> China into the world's worst stock market, but global growth is the highest commission, once again fully exposed serious problems in the Chinese market, China has once again exposed the enormous regulatory loopholes. .In this regard, in the hope of experts, officials, regulators and decision-making profound reflection! 【】 </ P>.

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