A unit of data released in 2010 up by 159.9 percent total IPO

 Yesterday, the Commission announced in December 2010 statistics, last year stock market overview, financing, stock trading and futures trading, etc. in full disclosure. One, A shares in 2010 reached 488.263 billion yuan IPO financing, compared with 187.9 billion yuan in 2009, reached 159.9 percent year on year growth.

data show that in 2010 the territory (including the A share IPO, refinancing and bond markets) to raise funds 1.03 trillion yuan, up by 123%, as of December 2010 the stock market to raise funds within the 3.18 trillion yuan . Stock turnover in 2010 amounted to 54.56 trillion yuan, up by 1.8%; annual stamp duty was 54.564 billion yuan, up by 1.8%.

However, the country's four major futures exchange data show that in 2010, while trading volume has declined year on year.

Last year, the Shanghai Composite Index fell 14.31%, while the Shenzhen Component Index rose 7.45%. Analysts believe that the A shares compared to the previous expansion will lead to the case of unilateral market fell last year, a large expansion in the context of the performance of the two cities,

Bohai Securities Research Institute, told reporters that process, culture, health, equity financing last year's A's He said, IPO pricing issue is more rational and market-orientation, if not accord with the value below the issue price will not result in the inevitable ups and downs of the market impact.

expansion will fall in the Many people also said that A line market share in the increased carrying capacity.


country director Kang Hongtao Yuan Securities Investment Consulting believes that the performance of stock last year, do not conform with the Chinese economy is increasing because the amount of last year's IPO, to influence the market rebound in confidence in the progress and to do more, while investors on inflation, the U.S. and the overall situation of China's economy is no effective understanding of the formation can not increase range.

Kang Hongtao, said the reason why the IPO after the restart, A shares to a large expansion, but also reflects the confidence of the management control of the market, while the expansion through IPO financing, will be part of China's economic bubble pressed against the real economy stock market, so that a soft landing for the real economy.

from the year 2010, market conditions and economic performance, Kang Hongtao analysis indicates that the market last year, there were three major issues, namely, inflation, economy, stock market coordination, the second is the bottom and the market valuation the real problem of market access at the bottom of the third is the lack of information to boost market confidence issues.

(This article Source: Report of the Economic Observer: Li Yong)