Why doesn't Tianda go up but down?
On the evening of Sunday, January 28, the China Securities Regulatory Commission (CSRC) suddenly announced a complete suspension of the lending of restricted shares, adjusting the market-based declaration of refinancing securities from real-time availability to next-day availability, and restricting the efficiency of securities lending and lending.
It stands to reason that this is a great benefit for the securities market, however, after the opening of the market on Monday, the big A market did not appreciate it at all, and the three major indexes fell across the board. At the close, the Shanghai Composite Index fell 0.92%, the Shenzhen Component Index fell 2.06%, and the ChiNext fell 3.49%.
Many investors wonder, why is this happening?
Actually, it's easy to understand when you think about it. The complete suspension of the lending of restricted shares is not a complete ban, leaving a way out for future refinancing; the change from T+0 to T+1 for securities lending and borrowing will only slightly ease the pressure of shorting, and in fact, it is still possible to continue to borrow and lend shorts as in the past.
Therefore, this measure of the China Securities Regulatory Commission has not been approved by 200 million small and medium-sized investors, and it has also not been approved by them because it has inhibited the harvesting of interest groups, so it can be said that both sides are not pleased. The result is naturally a sharp decline.
I don't know if you think so?!
