Events: GEM crash crash caused by three major factors of 5%
| Event Details:
The two cities opened lower today, shock, near midday, the recent strong performance of the GEM, medicine, things, wine plate quickly diving, to dispatch, the plate fell across the board, of which, the GEM index fell 5.03%, down 5.1% pharmaceutical sector , plates or 5.26% of things.
Dragged down by a strong diving plate, stock index accelerated downward, at 2792.56 points, down more than 70 points, or 2.51%, 2800 points by breakdown
Related stock movements Hai Tong Securities China National Petroleum
. The Shenzhen Component Index reported to 12,148.1 points, down 384.29 points, or 3.1%.
Today, the policy side there bad news, the Ministry of Finance and other three departments on November 30 issued a circular, further defined, limited sale of shares in the lifting of the ban several times before being transferred, the transferor shall be obtained for each transfer required to pay personal income tax .
"Notice" provisions, the specific circumstances, including individual taxable centralized through the stock exchange trading system block trading system or transfer of shares; personal use of shares for subscription or purchase exchange-traded index fund (ETF) shares; individuals with limited sale Shares accept the tender offer; individuals to exercise the cash option will be limited to sale of shares transferred to a third party to provide a cash option.
According to "notice" provisions, the transfer of different situations Restricted Shares, the tax will take a different way of calculating the tax levy of tax income, and management.
According to First Financial Daily reported that the recent GEM Diego high, several private equity fund manager said it is transferred from the Growth Enterprise Market. Wang Ai beans private equity fund manager said around four or five private counterparts began to leave the GEM, there are more people ready to leave. GEM companies currently seven times the average level of PE is already a constituent stocks of the Shanghai and Shenzhen 300 15 to 16 times the PE of 5 times, the GEM stock market has bear its weight, when adjusted Xialai greater risk.
Hai Tong Securities researcher Wu Yiping said the crash occurred today, there are three reasons: First, the accumulation of small cap stocks too much profit taking; Second, investors are expected to raise interest rates this weekend, strong; third, pulled up again in the oil panic . She suggested that investors should be underweight small-cap stocks now, stay on the sidelines, waiting for the shadow interest rate increase after the elimination of the weight of financial and real estate to buy shares.
(Editor: Li Rui) |
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