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Zhao Xiaoguang's core view is that the establishment and development of the Science and Technology Innovation Board will drive the reconstruction of the research ecology of the industry.
Traditional brokerage research relies on tracking data, upstream and downstream analysis, and company research to build models and write reports. However, in the era of the Science and Technology Innovation Board, cutting-edge and innovative science and technology enterprises often have high professional knowledge barriers, and relying on traditional research models, they will inevitably be unable to truly discover and judge the value of enterprises for a while.
Therefore, in order to study the value of these high-tech companies, it is necessary to have a systematic research method. Zhao Xiaoguang believes that the future of brokerage research must rely on scientific research institutes, technical experts, industry experts, big data support, industry research and other systematic research institutes to conduct all-round research on enterprises, and conduct 360-degree perspective and analysis of enterprises.
Taking Tianfeng ** Research Institute as an example, Tianfeng has built its own scientific and technological innovation research platform, and has also led the initiation of the scientific and technological innovation alliance, and has carried out systematic, in-depth and all-round cooperation with well-known domestic scientific research institutes and research institutions and big data companies.
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In essence, the research content is similar, after all, the research objects are the company, the market, the industry, macro and micro aspects, and the company may need more research teams in the future!
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The reform of the STAR Market and ChiNext will not lead to a long-term bull market in technology stocks. Because the market weight of technology stocks in the A** field is very low, the quality of the **** is not dominated by technology stocks, but by financial stocks and cyclical stocks to dominate the market, so technology stocks will not be bullish for a long time.
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The reform of the Science and Technology Innovation Board and the Growth Enterprise Market will lead to an upward temperament in technology stocks, but it cannot guarantee a stable long-term bull market, because the trend of the technology sector has always been a volatile upward trend, and the overall trend is that it will be long-term, but the intermediate volatility is also very large.
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Yes. Because the registration-based reform of the Science and Technology Innovation Board and the Growth Enterprise Market is conducive to real value investment in the capital market.
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If you want to come out in the future, check the information first, don't let your ancestors be ashamed ......and embarrassedAll day long, this bull and that bull, you need to first figure out what is a bull market and then beep!! It's not that if you are raised, you can talk about it!!
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It's simply impossible. Both the Science and Technology Innovation Board and the Growth Enterprise Market are used to circle money, and it is just a matter of changing a trick to make money. Not for a bull market.
Rest assured. There will be no bull market in the future. Only ****, only partial**.
As long as the system does not make fundamental changes, there can be no bull market. The biggest problem is that there are too many listed companies, and there are too many bad companies among listed companies. How can there be a bull market?
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For the A** field, it will cause a change in the flow of funds, which may flow to the GEM in the short term.
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The impact on the A** market includes: the reform of listing conditions; reform of the delisting regime; The opening of the GEM requires reform, etc. The impact on ** is that the probability of shareholders buying garbage ** will become larger, and so on.
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The GEM allows loss-making companies that meet certain conditions to be listed, that is, there is a high probability that shareholders can invest in buying junk stocks, and at the same time, the probability of buying circle money is also high; Increase the risk of delisting by shareholder investors** and increase the probability of loss of investor investment.
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