Chen Haijia, member of the National Committee of the Chinese People’s Political Consultative Conference and chairman of Celera: It is recommended that the new shares issued by the Beijing Stock Exchange should be allocated by market value jqknews

The 2022 National People’s Congress is about to be held, Chen Haijia, member of the National Committee of the Chinese People’s Political Consultative Conference and chairman of CelerasecuritiesA reporter from the Daily said that at present, the Beijing Stock ExchangeNew crotchFor online public offering, investors need to pay the full amount of funds according to the subscription amount, and then allot according to the subscription ratio, and the amount of frozen funds is relatively large. With the gradual increase in the number of new shares issued on the Beijing Stock Exchange, investors are more motivated to participate in the subscription. It is expected that the amount of frozen funds will further increase, which will increase the cost of investor participation and reduce the efficiency of fund use.

Chen Haijia suggested that, with reference to the development experience of the Shanghai and Shenzhen markets, the online issuance and subscription of new shares of the North Exchange should be adjusted to market value placement in a timely manner, so as to respect the trading habits of investors, further improve the efficiency of capital use, increase the enthusiasm for subscription, and balance the relationship between the primary and secondary markets. .

Investors’ subscriptions are credit subscriptions, no advance payment is required, and there is no situation where a large amount of funds are frozen. They only need to pay according to the actual amount after confirming the number of new shares to be signed, and the efficiency of capital use will be greatly improved;hit newIt is premised on the circulating market value of the stocks it holds, so it can effectively enhance the stickiness of the primary and secondary markets, promote the balance of buying and selling power, and encourage and guide investors to hold stocks for a long time; the market value placement is consistent with the current system of the Shanghai and Shenzhen markets.IPO subscriptionThe placement method will effectively improve the convenience of investors’ transactions and increase the participation of investors in new ventures.

At the same time, the investor structure will be further improved to promote an appropriate balance between investment and financing. Since the establishment of the Beijing Stock Exchange, the number of investors has increased significantly, the investor structure has continued to improve, and the proportion of long-term capital holdings has steadily increased. It is recommended to further promote the expansion of investors, increase the number of qualified investors in the market, encourage institutional investors to enter the market, improve the investor structure, and achieve an organic balance between long-term capital entry and the increase in the total number of investors.

(Article Source:securitiesDaily Network)

Article source: Securities Daily Network

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Original title: Chen Haijia, member of the National Committee of the Chinese People’s Political Consultative Conference and chairman of Celera: It is recommended that the new stock issue of the Beijing Stock Exchange implement market value placement