Gem Means Breaking A Thousand Points: "Banknote Printing Machine" Or "Slot Machine"?

In June 28th,

Datong securities

Zhang Hongbin pointed out that, recently, the valuation of some new shares of the gem has been reduced and the issuance speed is relatively fast. This has certain effect on the trend of the growth enterprise market. In fact, some new shares have declined during the period from the inquiry to the formal issuance of some new shares, so many of the new stock market's performance will not be very good, but there are also uneven situations.

Zhang Hongbin also pointed out that despite the high valuation of the gem, some high quality growth stocks with special quality are worth holding by investors.

Last Friday, in

A Securities researcher said that the same day the listing issued a higher share price break, indicating that investors have already avoided the issue of overpriced shares, and the market has gradually become rational, and investors' mentality has also matured.

Galaxy Securities chief economist Zuo Xiaolei (blogger) recently said at the second GEM board summit that the Internet bubble that Nasdaq once appeared is worth learning from China. Regulators need to take measures to prevent gem from taking such detours, making the market as far as possible not to overdo irrational prosperity, and excessive packaging is also a common problem in the global board, and regulators need to stop it as much as possible.

She also suggested that in order to prevent high issue prices, we could consider the way of full online enquiry. In addition, she also suggested that the Shenzhen Stock Exchange set up a special website on GEM so that the information disclosure of listed companies on GEM would be more timely and effective, and avoid distorting information and unfair market pactions as far as possible.

Zuo Xiaolei also pointed out that there should be some restrictions on the "wealth building movement" listed on the market.

She believes that the listing process should become a process of corporate growth, a process of value upgrading, and not a chance for PE and VC to grow substantially in the final stage before the listing.