August 3 is the first trading day in August. The day the stock market ushered in not only a good start, index another new high this year, and this day, the stock market value of the first cities beyond the circulation of non-tradable shares. According to the day's closing price, As of August 3,UGGs, Shanghai and Shenzhen A, B shares of total market value of 23.9406 trillion yuan, of which flow the stock market value reached 11.9705 trillion yuan, more than the stock market value of 400 million yuan sales limit.
flow of stock market value than non-tradable shares, This is the market participants are looking forward to it. In order to change the split share structure of listed companies unreasonable situation and achieve the target circulation, the stock market to this end the split share structure reform, and investors for the size of the non (limited) and holdings of cash to pay a heavy price. It can be said beyond the circulation of non-tradable stock market value this hard-won situation. the size of non-lifting of the ban, according to the arrangements, the end of this year, A-share market will reach 74% of the proportion of tradable shares, when A tradable stock market turn into a new level.
these circulation changes in the stock market value data is gratifying, so that investors feel that this day has finally come full circulation around the corner. However, if the investment are able to go deep into the data behind the further inquiry, not difficult to find, at least beyond the circulation of non-tradable shares of the stock market value is only an appearance.
The most obvious is the flow of stock market value, including a large number of no flow of the stock market value. here's outstanding shares on the market today include not only the A shares in circulation, including the lifting of the ban but now the shares have not traded. In fact, this has been lifted but the shares traded and the market impact Unit is not the same as lifting the ban, the market still need the wherewithal to undertake. these are not in circulation before the stock traded in the absence of non-tradable shares with no difference. And more importantly, this is not currently outstanding shares have been lifting a large proportion of the stock. According to the company board announced in the first half of this year lifted shares of data, as of the end of June, Shanghai and Shenzhen stock generated total sales will be limited to 474,717,000,000 shares of stock, which is not limited lifting of the ban sale of share reform 248 075 000 000 shares of stock for the stock, lifting the total number of 225.477 billion shares. and in the shares has been lifted, as of June, the size of non-cumulative reduction 34,693,000,000 shares, accounting for 15.39% cumulative reduction. In other words, has been lifted in the shares,cheap UGG boots, up to 84.61% of the size of the non-tradable has not.
most obvious, such as Bank of China, although this year July 6 Huijin 171 325 000 000 shares held by the Bank of China A shares to lift restrictions on sale But SAFE clear that Bank shares also be included in the corresponding to the flow of the market value of the stock market value, the water of the large, far more than the Bank of China stock market value of the actual flow.
So, despite the deadline on August 3, the first Chinese stock market times ushered in the circulation of non-tradable stock market value exceeded the value of the gratifying situation,bailey UGG boots, but that does not mean that the circulation process has been more than half of the stock market. As the maximum amount of lifting of the ban has not yet traded shares,UGG boots cheap, which means that under the A-share market to undertake The lifting of the ban but has not yet the size of non-tradable shares also need to pay a high price. and because the size of these outstanding non-tradable shares are still held in the overwhelming majority in the hands of major shareholders, as well as these companies shareholders At present, it is still a very difficult task. especially the current system of issuing new shares is still in an endless stream of production and the size limit is still in the manufacturing of the Chinese stock market to usher in the real circulation, ushered between large shareholders and small investors a fair and just situation is still a long way to go, investors and even the need to pay a heavy price.
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