创业板开板一周年运行情况统计分析.pdfVIP

市场动态 创业板开板一周年运行情况统计分析 张 霖 谢咏生 阳晓辉 张 戈 (中国登记结算公司深圳分公司，广东 深圳 518000) 摘要：根据对创业板一年来相关数据的统计分析发现：总体来看，流通市值稳步增长，个人与机构持股占比较为稳定， 个人发起人股东市值规模较为分化。申购与交易方面，绝大部分投资者对于参与创业板交易非常谨慎，资产规模不同的 投资者其投资行为也各异，交易经验不足的投资者在投资创业板时非常谨慎。盈亏方面，投资者整体盈利，其中机构投 资者的盈利能力最强，并且资产规模越大、交易经验越丰富的投资者其盈利能力越强。签约账户方面，交易经验满2年的 占比大幅下降，这主要是因为新开户的签约账户中绝大部分为开户同时签约。文章最后从统计数据角度对“投资者适当 性管理”作了评价。 关键词：创业板；投资者适当性管理；创业板投资者 Abstract: According to the trading data of Chinext in the pass one year, we fi nd that its market value of negotiable shares has been increasing steadily. The proportions of individual and institutional investors’ shareholdings remain stable. But the market value of promoters’ shareholdings polarizes. For apply to purchase and trading, majority of investors stay prudent. The trading behavior of investors who have different asset scales differs too. Investors of less market experience appear to be much prudent. In terms of profi t and loss, the institutional investors have stronger ability in making profi t. For all investors, the larger the asset scale and much more trading experience, the better the profi t-making ability. For signing of a trading agreement, the number of those which have over 2 years trading experience has reduced largely. This is due to that the signing of agreement mostly processed in the meantime with the account opening. This article also comments on the “Investors’ Suitability Management” from the point of view of relevant statistic data. Key words: chinext, investors’ suitability management, chinext’s investors 作者简介：张霖，中国登记结算公司深圳分公司信息统计部执行经理。谢咏生，中国登记结算公司深圳分公司信息统计 部副总监。阳晓辉、张戈，任职于中国登记结算公司深圳分公司。 中图分类号：F830.9 文献标识码：A 创业板自2009年10月30日开板以来已一年有余，我 从图1中可以看出，创业板流通市值呈现出稳步增长 们对2009年10月30日至2010年11月5日的相关登记结算数 的趋势，这一方面是因为有新股不断地发行上市，另一 据进行了统计分析。 方面也是市场价