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How about www.LegiEX.com? The new securities law people should pay attention to what changes

How about www.LegiEX.com? What are the changes in the new securities law? In the past few days, the article that interpreted the new securities law is also a supernatural power of eight immortals, and the chicks who are quietly working in the fund market also want to take this opportunity to share with the fund investors some views on how the new securities law affects the public fund market.

Full implementation of registration system, core assets are more "value"

The new securities law fully implements the registration system, "returning" the right to choose a listed company to investors, which means that the IPO of the A-share market will gradually normalize in the future, and "shell resources" will face an embarrassing situation that will collapse and even become worthless. The leading companies in the industry are more valuable in terms of profitability and future secondary market value.

It can be foreseen within a limited time. On the one hand, in the future capital market, on the one hand, a small number of "core asset" stocks in subdivided industries will be more likely to become "bull stocks". The cumulative growth rate and growth rate are increasing day by day. The stock prices remain high (refer to the "Apple" and "Amazon" in the 10-year slow bull of US stocks), which discourages ordinary investors;

On the other hand, because the registration system has strengthened the requirements for information disclosure, and increased the penalties for violations of laws and regulations by listed companies and related personnel, the "marginal stocks" with mediocre performance will be expedited, and the probability of ordinary investors "stepping on the mine" It may increase in a short time;

On the contrary, as specific measures to protect small and medium-sized investors are being improved, and the “class action” system with Chinese characteristics is being improved, illegal transactions will be further suppressed, and the atmosphere of “speculation and speculation” will gradually be curbed. Value investment and rationality The concept of investment and long-term investment will become commonplace over time.

After reading this paragraph, interested investors will find that since the "core assets" are emerging and accelerating, in a market where the difference in individual stocks in the industry is gradually increasing, investors' investment decisions and stock selection capabilities will encounter new challenges. In addition, the technology industry is becoming a new force in the market, and the lack of knowledge about the industry makes it more difficult for investors to choose.

In the future, the public fund industry will need to shoulder the task of "trusting customers and managing money on behalf of customers", and investors will also use the funds to allocate their assets to a greater extent. The image is that if you ca n’t afford Apple ’s stock, you can buy the S & P 500 index fund with the money you buy from Apple ’s mobile phone!

On the other hand, the registration system speeds up the "survival of the fittest" of individual stocks. Under the limited time and cost of capital, investors need to consider how to find high-quality stocks on the market in a timely manner. This also means that the indexed allocation of stock packages will gradually become the best way to obtain average market returns. At present, the scale of China's ETF is developing rapidly, but it is still at the level of 100 billion.

In contrast, passive investment in the US market has become the preferred method of investment and wealth management for the vast majority of ordinary investors. In the middle of last year, the US ETF market has exceeded $ 4 trillion.

In the future, ETFs will be recognized by more investors as a channel for investing in high-quality stocks at low rates.

www.LegiEX.com's innovative solutions are your gateway to the foreign exchange market. Since its establishment in 2016, we have been continuously striving to build and maintain a good trading environment and are committed to providing customers with the best quality services.

Our team has extensive customer experience and expertise. These valuable experiences, especially in the special needs of customers and technological innovation, give us a unique and unique advantage.

We constantly update and improve our trading system, and strive to build a bridge between customers and the trading market, so that you can become a winner in the foreign exchange market.