Venture Capital'S High-Profile Market Left "Neutral" How To Do?

With some of the bad behavior of some venture capital exposed, especially the senior executives have made it clear that they should crack down on their irregularities, and begin to regulate the behavior of raising the risk assets. This is undoubtedly a sharp blow to the original venture capital market entry behavior. Therefore, there is no longer any risk capital raising sign and interest rate announcement.

It can not be said that venture capital left the market at this time, but anyway, the climax of its entering the market has passed.

In the late summer and early autumn of this year, the stock market showed a trend of convergence and light trading.

Take the Shanghai Composite Index as an example, at that time, the daily turnover was only about 130000000000 yuan, while the fluctuation of the stock index was less than 0.5% a day. Such a small operating space, of course, restricted the operation of the market, and many investors sighed that it could not operate.

Later, the high-profile entry of venture capital changed the passive situation.

At that time, Hengda bought a lot of Vanke, which not only made the treasure market that had already suffered a market loss, but also activated the market in one fell swoop.

Since then, venture capital has been raising placards, including a large number of large cap stocks such as Chinese construction, making these stocks long dull stocks active, and the market has also set off the upsurge of the concept of operating insurance capital raising cards.

And because of the deep involvement of venture capital, most of them are weight blue chips.

The energy market also rose.

Especially in the 11 and December, the stock index began to impact on 3200 points and even 3300 points, so the voice of "stock market entering cattle" continued, and the market naturally became active. At the peak time, the volume of the Shanghai stock market reached nearly 350 billion yuan, and the earthquake amplitude was above 1% every day.

The reality is:

The paction volume returned to the level of 160 billion yuan, and the daily amplitude was also reduced to 0.5%.

Of course, it is proper for the regulatory authorities to make a necessary attack on the illegal entry of insurance funds. The behavior of arbitrarily listing the listed companies by venture capital has great market risk in itself, and it is absolutely necessary to curb it.

In this sense, the irregular entry of venture capital does have some advantages in improving the activity and liquidity of the market, but it is not a positive and positive force in general. It is likely to cause great harm to the market.

Hengda's brand name Mei Yan auspicious event has exposed the seriousness of the problem.

But there is no denying that the market exists now.

The problem is, in particular, the lack of large funds for long-term operation.

Originally, venture capital should assume the role of providing stable liquidity for the stock market, but now the big insurance companies that are really rich are basically different according to their soldiers, and the funds they invest in the stock market are far below the normal permitted ratio.

On the contrary, those small and medium-sized insurance companies have made full use of leverage to enter the market in a variety of ways and become a new force in the stock market.

However, the terrible reality is that the funds used by these small and medium-sized insurance companies are suspicious from some sources, and some of them are too large, so they can not let them enter at will.

The question is, who will fill the gap left when these assets are stopped buying? If the market is not filled, the stock market will probably be dim because of lack of funds.

Perhaps now, people need to think about how to attract new incremental funding problems. In the past two years, there has been at least one indication of risky asset raising behavior: there are still some companies that are worth investing in China's stock market.

Then, after driving out the non compliant funds, can the compliance funds come in? Long term funds such as social security and pension have long been said to enter the market, but up to now there is no big action yet.

Now, Shanghai stock exchanges and Shenzhen stock exchanges do not have the upper limit of annual investment scale, which means that overseas funds can enter the market in large quantities without the exchange of foreign exchange.

Just now, no signs of too much activity are seen.

What to do? This requires the concerted efforts of all sectors of the market to try to introduce long-term funds, including through effective reform, to create a suitable market environment for large capital and standardized operation, and to deal with international rules.

When people block the illegal funds and allow the compliance fund to flow smoothly, the market can really become active, and the rational market has naturally started.

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