If the market enthusiasm is not high before the launch of science and technology innovation board, how many people will go to science and technology innovation board to open accounts?
What does science and technology innovation board shadow stock mean? When science and technology innovation board led the market, the first batch of acceptance lists have been published recently, and related shadow stocks have once again entered people's field of vision. So, will this be the climax of the shadow stock of the science and technology innovation board, or a good time to cash out?
Shadow stocks with different returns
Let's take a look at the heavy news about the science and technology innovation board:
According to media statistics, about 20 shadow stocks were involved in the disclosure of 9 enterprises accepted by Shanghai Stock Exchange in science and technology innovation board.
Specific list:
Chen Jing Semiconductor: Xinhu Treasure, TCL Group, Skyworth Digital, TEDA；;
Ruichuang micro-nano: China Nuclear Construction, Anhui Water Conservancy, Kangyuan Pharmaceutical;
Nai Tian Science and Technology: Xinzhoubang, Li Kang Elevator, Dagang Shares;
Jiangsu Beijingers: Lianming, Commodity City, Soft Holding;
Li: TCL Group, Contemporary Ampere Technology Co., Ltd.;
Bai Rong, Ningbo: Zhao Chi, Changjiang Media, Zhuo Yi Science and Technology, Haitong Securities, Ba Sen Sensing;
Han An Science and Technology: Xinhua Life Insurance, New Hope.
Among them, from the industry point of view, mainly integrated circuits, biomedicine, intelligent equipment and so on. And it does conform to the definition of science and technology innovation board.
The above shadow stocks are only part of the media summary, and most of them are formed by equity participation.
Compared with the previous surge in venture capital concept stocks, many shadow stocks did not increase much. Therefore, if there is no accident on Monday, the above stocks may be favored by funds; On the other hand, you should note that this is only the first list. As far as this list is concerned, many enterprises are not particularly known to the public unless they are in a certain industry, which means that there will be a second batch, a third batch and so on.
High risk of venture capital concept stocks
When it comes to shadow stocks of science and technology innovation board, the best recent increase is actually the "rotten" venture capital concept that has been speculated for a long time.
Venture capital itself is not produced because of the introduction of science and technology innovation board, but as a kind of equity investment. The business of many companies is just a science and technology innovation board, which will make some enterprises realize what is possible.
However, even so, companies that are purely engaged in venture capital may not really gain much from this feast in science and technology innovation board.
For example, Hua Fu, Fudan, which had a daily limit a few days ago, issued a risk warning and definitely refused to participate in the first batch of science and technology innovation board. The company's foreign investment scale is not large, and the investment income has little impact, which triggered the late "explosion" of many hot stocks that day.
For details, see the author's last article: the hot stocks dived late than expected!
Now look, the first list has come out. Fudan really didn't lie, but even so, Fudan was strong yesterday.
Therefore, as the teasing netizen said: Say you have it, you have it. What the company says doesn't count, but what the organization says counts!
At the same time, for the traditional local stocks in Shanghai, Pudong Jinqiao, Lujiazui and Waigaoqiao all suggested risks: there are no clear projects in the science and technology innovation investment fund, and the above companies intend to participate in the Pudong science and technology innovation investment fund with a total fund size of 5.5 billion yuan. However, the relevant fund has not yet been established and there is uncertainty; The Fund Partnership Agreement has not yet been signed, and there are no clear investment projects, including future investment progress and fund withdrawal, which are very uncertain.
On Friday, all three companies showed a strong daily limit trend. According to this clarification announcement and the current market's "disapproval" of this clarification announcement, I am afraid it is still difficult to curb the enthusiasm of speculation.
For the long-awaited science and technology innovation board, the speed from the proposal to the launch of the first list is obviously faster than many investors expected. At the same time, the relevant listed companies will get a certain degree of investment income, which does exist.
However, on the other hand, the proportion of most equity investments is not high. Even the traditional venture capital concept stocks still have a long way to go before they can really cash out. In my opinion, the current hot speculation about venture capital concept stocks is more about the enthusiasm of speculative funds.
More importantly, many venture capital concept stocks are currently at historical highs and are suddenly pulled up every day. This pull-up is not necessarily the admission of new funds, but more likely the withdrawal of some funds.
So generally speaking, when the first batch of shadow stocks or venture capital concept stocks and the first batch of lists are announced, in addition to the new target of short-term funds, another part of funds may also be a good time to cash out.
There will be a second batch, a third batch, and so on.
Venture capital stocks, remember, pay attention to high risk.