股票的一级市场为什么有那么多资金（Why are there so many funds in the primary market of stocks）.docVIP

股票的一级市场为什么有那么多资金（Why are there so many funds in the primary market of stocks） Why are there so many funds in the primary market of stocks? Why are there so many funds in the primary market of stocks? Category: unclassified Date: 2007-09-18 09:26 Original address: share price in the /s/blog_4832b09c010009nz.html market. The fundamental reason for the failure of the reform experiment in 2000 was the release of the issue price and the speed and scale of the issue. It was only a unilateral market. However, if we do not control the size and speed of the issue, the rate of expansion of new shares will soon be very high, and the price of the two market will be difficult to maintain at a high level. The market forces will bring the stock market back to equilibrium. Therefore, the primary cause of risk-free arbitrage opportunities in the primary market is the governments control over the stock price of the two market. Judging from past experience, the yield of primary market is directly proportional to the share price of the two market, and is inversely proportional to the capital of the primary market. The pricing level of the market has been about 20 times earnings, therefore, but when the two class market price, a market rate of return is high, so when the price is high, will bring a lot of money to hit shares. The level of market funds before 2005 mainly from individual investors, securities companies, fund, recently more than a year, many banks designed and IPO linked financial products, the level of market participants significantly increased. To a certain extent, we can say that the emergence of new shares and linked financial products through savings and the stock market channel, before the kind of financial products, and not what the relationship between stock market returns and most savings customers, but with the change of products, as long as a the market rate of return over a one-year deposit rate of return, a considerable proportion of the savings can become a