Is the registration system a big good or a big bad?

A shares. Already on the Science and Technology Innovation Board.

and the pilot registration system in the GEM.

The full registration system is a matter of time, if the A-share is really a full registration system, it will definitely be a big positive for the ** market, mainly good for the following three major sectors.

First: good for the brokerage sector

The comprehensive registration system is the biggest benefit to the brokerage sector, with the full registration system after two aspects of the good brokers, one is sponsorship, you must know that the brokerage company is as an intermediary, quasi-listed companies must have the sponsorship and underwriting of the brokerage company, so the brokerage company plays an important role in the process of new stock listing, and the sponsorship and underwriting business income of the brokerage company is very high.

Another good thing is that the registration system means that the volatility is greater, and the commission income of the brokerage company is also rising.

Second: good for the white horse stock sector

Why will the full registration system be good for white horse stocks? You must know that with the full registration system, it means that there will be more IPOs listed, and with the increase in the number of new shares, the second-level ** old ** will survive the fittest.

It means that after the full registration system, it is the biggest benefit to junk stocks, and the so-called shell resource stocks are the least valuable and will be abandoned by the market; On the contrary, it is bearish.

Junk stocks will naturally be good for white horse stocks, which will make these white horse stocks more valuable and more able to get the secondary market.

With the speculation of funds, white horse stocks will become a hot sector in the market.

Third: good for the technology sector

The comprehensive registration system is one of the most advanced market issuance systems, but it must be clear that the comprehensive registration system is actually for high-quality companies to be listed as soon as possible, and will not cause the situation of IPO damming lakes like the previous review system.

In addition, it should be clear that the registration system actually wants to support technology companies, especially some high-tech, high-growth enterprises, which are welcome to go public. Moreover, high-tech enterprises are the key sectors in the future, and the technology sector is the most long-term hot spot in the future.

In short, the good and the bad are relative, since the full registration system will be good for the brokerage sector, the white horse stock sector and the technology sector, etc., on the contrary, it will inevitably be negative for some junk stocks, especially shell resources, and some continuous loss stocks, etc., such junk stocks will become very worthless after the full registration system.

Of course, it is a big benefit, because registering in the ** market means that the ** market will develop more and more prosperous, so those who invest in the ** market will also get a lot of benefits.

Of course, it's a big plus. Because such a system is particularly beneficial to brokerage companies, it will reduce risks, and there will be many new listings.

I think it's better to make a big profit, because the benefits brought by this registration are higher, and it's not so troublesome.

Bad! The money was siphoned off by issuing new shares.

It must be bearish and flooded.

Yi Gray Man has a good introspection and introspection, ** Falling endlessly! It's a garbage dump in your hands!

Don't discuss it, it's better for the index to go up than anything else!

The big bears are better, and they will develop especially well in the future. So I think everyone should choose this.

Under the registration system, the issuance review agency only conducts a formal review of the registration documents, and does not make substantive judgments, that is, lowers the listing threshold; At the same time, there are intermediary agencies, that is, brokers, to conduct inspections of the listed public Layin Division of the preparatory traces, and strengthen the punishment of cheating intermediaries in a timely manner; And there are rules to lower the threshold for delisting.

The registration system means that when the issuer is preparing to issue the first place, it must completely, truthfully and accurately submit all kinds of information disclosed by the legal posture bureau to the competent authority and apply for registration.

The registration system is the first market in China.

The impact is extremely far-reaching, and the emergence of the registration system is conducive to A-shares.

Shift from a casino to a market, and increase the market stability of A-shares. The registration system will also directly affect the small and medium-sized market capitalization in the market**, so that it will turn from the current hyped high valuation to a normal valuation, and the black five categories.

Small and mid-cap capitalization** with poor fundamentals face greater challenges and delisting risks.

**Registration.

It is good for the construction of the system and the long-term development of the country. Due to the cracking of socks, the disclosure system, the delisting system, and the class action lawsuit have been improved.

and other supporting systems.

However, A-shares currently have historical problems such as high valuation, large number of **, and no delisting system. Once the registration system is implemented, the focus of the previous overvaluation will be shifted downward, the frequency of new listings will be accelerated, and value investment will be accelerated.

will return, as well as the delisting system will appear, and these are likely to give the a** field.

Bring greater downside.

Good. Increasing the registered capital of the company is equivalent to increasing the actual investment of the company, which is good.

First of all, understand the concept of capital increase: the behavior of an enterprise to increase its registered capital in accordance with the law in order to expand its business scale, broaden its business, and improve the company's creditworthiness.

The direct result of the capital increase is the increase in the registered capital of the enterprise, for example, from the original 1 million to 5 million. From the appearance of the mu, the scale of the enterprise should be expanded, the scope and level of operation should be improved, and from another point of view, the company may face restructuring or major investment.

Legal basis: Article 179 of the Company Law When a limited liability company increases its registered capital, the capital contribution subscribed by the shareholders for the new capital shall be implemented in accordance with the relevant provisions of this Law on the payment of capital contribution for the establishment of a limited liability company. When the shares are issued to increase the registered capital, the shareholders subscribe for the new shares, and the relevant provisions of the shares established by the branch in accordance with this law shall be implemented.

The registration system is negative, the implementation of the registration system, the listing of enterprises will no longer need to queue, as long as the requirements are met and then ready to declare the materials, it will soon be listed, not like now 3 today and 2 tomorrow, etc., After the implementation of the registration system, the number of ** has increased, if the supply of funds has not kept up, then there will be a lot of ** no one buys, and the natural stock price will be **.

In the short term, it is bearish. Because of the current downturn, many people have withdrawn from the world, and the funds in the world are limited, and the issuance of a large number of new shares at this time is undoubtedly a drain on the market, which will cause a short-term investment.

On the whole, investors need to improve their stock selection ability, which is the only way to cope.

The GEM registration system is still good.

It's bearish. **Registration.

It means that the company goes public.

There is no threshold, and there are more companies that can be listed, so the ** in the current cage will definitely be worthless, so the registration system is negative.

It's like destroying and selling small dishes, you can operate all over the street, and the dishes will definitely be cheaper, will the chengguan agree? Will the business sector say yes? Therefore, there will be no registration system in the short term, because the China Securities Regulatory Commission has issued stalls selling vegetables for hundreds of enterprises, and at least these stalls will have to wait for these stalls to be sold before the registration system can be implemented.

There are hundreds of stalls, can't they be distributed in a few years?

Sooner or later, the registration system will come, this is the trend, and it is also inevitable.

1600 points may not come, because no matter how rich the product is, a dime, a cent, a pound of rice will never come back, and a penny of ginger candy will not come back.

There won't be any more, the price is **. The trend is that prices are not rising.

**There are risks and investment should be cautious. The above information is not intended as investment advice.

Extended Materials. 1. The concept of the registration system.

The issuance registration system means that the issuance applicant will disclose all the information and materials related to the issuance in accordance with the law, make legal documents, and send them to the competent authority for review, and the competent authority is only responsible for reviewing whether the information and materials provided by the issuance applicant have fulfilled the information disclosure.

A system of obligations.

Second, its most important features are:

1.Under the registration system, the issuance review agency only conducts a formal examination of the registration documents, and does not make substantive judgments. The purpose of the issuance registration is to provide investors with formal information on which to judge the substantive requirements in order to make investment decisions, and registration does not act as an umbrella for investors to protect against losses.

2.If the disclosure method is appropriate, the management body shall not refuse to register on the grounds that the issuance is unfair or other conditions, or that the prospects of the company proposed by the issuer are not reasonable.

3.Fast in and fast out, lower the threshold for listing; At the same time, there are intermediaries, i.e., brokers, to examine the prospective listed companies, and strengthen the punishment of cheating intermediaries; And there are rules to lower the threshold for delisting.

4.However, there are many approval procedures, and there are many conditions for listing and delisting, such as Alibaba.

JD.com, Pinduoduo.

It is difficult for high-quality emerging enterprises to be listed in China and can only be listed overseas.

And some listed companies with poor performance have a long delisting process. The change from the approval system to the registration system will lead to major changes in the market ecology.

Note: The pure respect registration system itself allows listed companies to be listed as long as they meet the requirements can be recommended by securities firms and exchanges, unlike the approval system, which can only be listed after layers of review. The registration system focuses on the supervision during and after the event, which is one of the most popular practices in the world. China's implementation of the registration system is mainly to allow more enterprises to raise funds, and the registration system itself is not good or negative.

However, it may not be good for the current a** field with certain defects.

First, in the case of the approval of the wheel tank, the price-earnings ratio of the new stock listing is relatively high (scarce is expensive), for example, when the IPO of PetroChina was as high as 16 yuan shares, the stock price soared to 48 yuan after listing, and the result was that countless small and medium-sized enterprises were killed. Under the registration system, a large number of new shares are listed, the price-earnings ratio is not too high, and the stock price valuation is more reasonable. If the registration system is to be implemented, there is a large price difference between the main board market and the small and medium-sized board market under the approval system and the registration system, and in this case, the stock price with a higher valuation will fall, which is inevitable.

Therefore, some blue-chip stocks that have been speculated by the market in the early stage will return to reasonable valuations. Therefore, the launch of the registration system will put a heavy pressure on the current blue-chip stock sector, such as the liquor sector, brokerage sector, and technology sector represented by Kweichow Moutai.

Second, the registration system puts forward higher requirements for the first one, if you buy the right one, the first will go bullish, if you buy the wrong one, the stock price will go bearish, if you buy Tong Shen to delist the stock, it will be directly delisted. So, in developed countries, 30% are **, and 70% are institutions. Usually after the implementation of the registration system, the proportion of domestic shareholders will be reduced, and speculation in poor performance stocks, small-cap stocks, and low-priced stocks in the past will become a thing of the past, and it will tend to be more value investment rather than speculation.

There will not be a big bull market in the future, but a group of good ** will be sought after by investors, and a group of bad ** will be marginalized by the market and no one cares.

Third, the registration system itself is no problem, but what we want to bring is the delisting system, when many ** will be listed, and a large number of ** will be delisted, which will cause a certain lethality to small and medium-sized shareholders. If the registration system does not have a delisting mechanism, only entering and not leaving, then this cannot be regarded as a registration system, so the delisting system must also be improved simultaneously. For institutional investors, there are not many opportunities to step on the performance change or delisting, because institutions have the advantages of information acquisition, data analysis, and chip dispersion of listed companies, while for ordinary shareholders, the consequences of buying the wrong ** will be more serious.