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Original title: A-share IPO in 2020 “big harvest” raises 470 billion yuan, a maximum of 10 years
Expansion and new registration systemIssuance of fundsHot, a new round of delisting system reform is launched … Let’s use three key data sets to get you back to 2020 A-stocksmarket。
A shares continue to “grow”
AccompanimentN West GateWait threeNew crotchCatch up with the “last train” and land on the Shanghai and Shenzhen stock exchanges, A shares delivered the “transcript” of the 2020 IPO. Statistics show that calculated on the trading date, all year roundShare396 new stocks landed in the Shanghai and Shenzhen markets one after another, making it the second largest “good year” for IPOs in A-share history in 2017; the total amount of initial funds raised was about 470 billion yuan, a new record in the past 10 years.
By the end of 2020, the totalMarket valueIt has reached 79.72 billion yuan. This number has increased by more than a third since the end of 2019.
The continuous process of “growth” of A shares is determined byScience and Technology Innovation BoardtoTo start a businessThe pilot register system for plate expansion provides a significant driving force. Among the top 10 IPOs in terms of fundraising scale for the year, the Science and Technology Innovation Board occupied 7 seats. Including the first batch of new shares launched collectively on August 24, 2020, more than 60 new shares are listed on the growth company market under the registry system.
“The increase in the degree of commodification of A shares brought about by the registration system has allowed the financing function of the capital market to be used even more.Real economySupport from China is also increasing. “Everbright ValuesfinancialproductTeng Yin, the headquarters chief investment consultant, said that as the registration system is fully implemented in the future, A shares will continue to “grow” and support the development of the real economy.
The energy will reveal itself even more.
ResidentsSavingsAccelerate the “movement”
In 2020, statistics show that according tobackgroundCalculated on the date of establishment,Public offerThe fund market ushered in 1,431 new funds to join, with a total issued share of nearly 3.16 trillion, a record.
By the end of 2020,Raised fundsThe total number exceeds 7,360. After excluding the market value of the funds held by FOF, the total net asset value is approximately 18.7 trillion yuan, an increase of almost 27% from the end of the previous year.
The frequent appearance of funds “sold in a day” and tens of billions of “explosive funds” raised for the first time greatly benefited from the “money-making effect”. In 2020, more than 100Fund equityDoubled, the total return of more than 1,700 funds during the year exceeded 50%.
In early 2020, the China Banking and Insurance Regulatory Commission issued a document to promote through multiple channelsSavings for residentsEffectively transformed into long-term capital in the capital market.
“Guide residents to saveInvest inThis market can allowCommon peopleShare the quality of A sharesthe companyThe benefits of growth can also support the development of the real economy. “Qianhai Kaiyuan Fund Chief Economist Yang Delong said that a large number of household savings entered the market by purchasing public funds, and public funds also have corresponding responsibilities and responsibilities to create good long-term returns to the investors.
The market environment continues to “purify”
In 2020, while hundreds of new stocks appeared on the stage, 16 old stocks sadly left the market. This data also set a solid record in the history of A shares.
The annual maximum for the number of deletions from the system.
Among them, 6 companies, including Qianshan Pharmaceutical Machinery and Jinya Technology, have touched the financial indicators, which is the first after the suspension of listing.accountingThe year goes onLostBaofeng Group touched the normative index due to “dystocia” in the 2019 annual report. At the same time, “face value foreclosure”, which is considered the most market-oriented foreclosure model, began to shine. Nine companies found investors “voting with their feet” due to in-touch trading indicators.
Another “historic high” is also worthy of note. Statistics show that 54 publicly traded companies were investigated in 2020 for alleged information disclosure violations, market manipulation, insider trading or non-disclosure in accordance with the law.External guaranteeIncidents, major litigation, and non-disclosure of periodic reports in accordance with regulations.
On the last day of 2020, the new delisting regulations of the Shanghai and Shenzhen Stock Exchange were implemented. The insistence that “refunds must be withdrawn in full” means that companies that meet the conditions for delisting, especially those that have severely violated laws and regulations and severely disrupted the order of the market, will be liquidated. The amendment to the Criminal Law approved on December 26, 2020 echoes the new Securities Law and has considerably increased the punishment for illegal activities in the capital market.
The gradual changes in the cost-benefit imbalance of illegal capital market violations have won praise from all parties in the market. Shanghai Jintiancheng Law FirmcamaraderieLawyer Ren Yuan believes that in the context of China’s stock market is about to usher in a comprehensive registration system, the continuous optimization of the regulatory and legal system will promote the continuous “purification” of the market environment and accelerate the formation of a market ecology of survival of the fittest.
(Source: Qingdao Finance and Economics Daily)
(Responsible editor: DF520)
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