Chapter 742 [Science and Technology Innovation Board]
Thursday, June 13th.
Around ten o'clock in the morning, Lu Ming was in the office, sitting with his back on the office chair and focusing on the computer screen on the table.
Today is another historic moment in the capital market. The Science and Technology Innovation Board was officially launched today, and the village leader personally presided over the opening ceremony.
At this time, Lu Ming was watching the mainstream media reports on this matter:
[As the news came from Shanghai, all eyes were once again focused on the banks of the Huangpu River. In just over two hundred days, from the announcement in early November last year to the gradual clarity of the plan to the official launch today, the domestic capital market has ushered in a new era.
A brand new section.
Behind the historic moment lies the courage and efforts of the reformers, the hopes and expectations of all parties in the market, and it also reflects the heavy responsibility of the capital market in the process of national economic transformation. The "test field" may inevitably encounter "ups and downs"
"Rain", all parties in the market need to be rational and tolerant, and build together to make the reform of the Science and Technology Innovation Board stable and long-term]
The English name of the Science and Technology Innovation Board is "STAR-Market". The eyes of investors from all walks of life are focused on the opening of the Science and Technology Innovation Board today. However, it is worth mentioning that the opening of the Science and Technology Innovation Board today does not mean the opening of the market. The Science and Technology Innovation Board
The market will not open until mid to late July.
Of course, now all sectors of capital in the market, including retail investors, are paying close attention to the first batch of listed companies on the Science and Technology Innovation Board. This is the key point.
As early as mid-to-late March this year, the Shanghai Stock Exchange disclosed the first batch of nine prospectuses of companies accepted by the Science and Technology Innovation Board. Among them, three companies have attracted much attention, namely "Tianchi Technology" in the new energy field and "Tianchi Technology" in the semiconductor field.
"Zhuoshengwei" and "Pinduoduo" in the e-commerce field, because these three companies are all related to Tiansheng Capital.
It is worth mentioning that Zhuosheng Micro was originally going to be listed on the GEM. The reason why it finally landed on the Science and Technology Innovation Board was because it was on the list of "Mihayou". Tiansheng Capital was originally responsible for the three companies, Mihayou
It is one of them. As long as it is listed, it will definitely be the first stock in the big A game sector. The market has given it a valuation of more than 200 billion yuan. However, the company's senior management finally decided not to list it temporarily.
Pinduoduo was originally going to be listed on the U.S. stock market last year, but finally gave up listing in the United States and returned to China to join the Science and Technology Innovation Board. The Science and Technology Innovation Board currently supports the listing of companies with different rights for the same shares, which is also a highlight of attention.
As for Tianchi Technology, it goes without saying that it is the son of Tiansheng Capital and the company with the strongest momentum in the new energy industry.
On the 5th of this month, the first annual review meeting of the Science and Technology Innovation Board Listing Committee was held. Six companies, Weixin Biotech, Tianhuai Technology, Anji Technology, Tianchi Technology, Pinduoduo, and Zhuoshengwei, attended the meeting...
As of last night, the total number of companies applying for the Science and Technology Innovation Board was 125, of which 105 have already inquired, 16 have been accepted, 6 have passed, 3 have submitted for registration, and 1 has been terminated.
During this period, all aspects of work are in full swing for the opening of the Science and Technology Innovation Board.
In the middle of last month, the Shanghai Stock Exchange and China Securities Clearing Company organized the first network-wide test of the Science and Technology Innovation Board business. Nine leading securities firms have obtained the rights to the Science and Technology Innovation Board's securities refinancing business and have launched relevant tests.
Routine testing of market conditions, transactions, clearing, custody and other aspects.
According to the "Special Regulations on Stock Trading on the Science and Technology Innovation Board", individual investors must meet two conditions before they can invest in the Science and Technology Innovation Board. First, the average daily assets in the securities account and capital account in the 20 trading days before applying for permission to open are not less than RMB.
500,000 yuan, and the second is participation in securities trading for more than 24 months, that is, more than 2 years of stock ownership experience.
Individual investors who meet the two requirements can apply to securities firms for permission to open the Science and Technology Innovation Board, and after the Science and Technology Innovation Board is opened, they can conduct primary market innovation and secondary market trading.
As for small and medium-sized investors who do not meet the investor suitability requirements, they can participate in the Science and Technology Innovation Board through products such as public funds. The exchange is also actively promoting fund companies to issue a number of public fund products that mainly invest in the Science and Technology Innovation Board.
To put it simply, there are two ways for ordinary investors to participate in the Science and Technology Innovation Board. One is to participate directly but the threshold is relatively high, and the other is to participate indirectly by purchasing public fund products.
There are currently six science and technology innovation public funds that have been established in the market. The investment scope of this type of fund requires that at least 80% of non-cash fund assets be invested in science and technology innovation stocks in the entire market, but is not limited to the science and technology innovation board.
The reason is that although there is currently no target on the Science and Technology Innovation Board, these funds can invest in many technological innovation stocks on the GEM, the Small and Medium-sized Board, and the main board.
With the launch of the Science and Technology Innovation Board stock issuance in the future, the technological innovation stocks invested by these funds will mainly be on the Science and Technology Innovation Board.
Gu Xiang
However, among these six major funds, there are no products from Tiansheng Fund Company. Currently, Tiansheng Fund is mainly formulating the "Science and Technology 50 ETF" product, which will be released and listed next year at least.
There is a relevant report on Lu Ming's desk. According to calculations, the number of eligible people in the domestic capital market exceeds 3 million, which means that individuals who can directly participate in new and secondary market transactions of Science and Technology Innovation Board stocks through securities accounts There are about 3 million investors.
In addition, there are more than 4,000 institutional investors, mainly seven types of institutions, including securities, funds, trusts, insurance, finance companies, qualified foreign institutional investors, and private equity fund managers.
There is another news today. The London Stock Exchange officially announced that all preparatory work for the launch of "Shanghai-London Stock Connect" has been completed. Issuers can apply for trading on the main board market of the London Stock Exchange or issue depositary receipts on the main board market of the Shanghai Stock Exchange. "Shanghai-London Stock Connect" is the latest milestone in the cooperation between the two parties.
The Science and Technology Innovation Board officially opens today, and the first batch of listed companies that have passed the meeting are also officially open for subscription today, which means that investors who meet the conditions for investing in the Science and Technology Innovation Board can also make new purchases.
What is certain is that the first batch of companies listed on the Science and Technology Innovation Board will not exceed 30, and the total financing scale of the first batch of listed companies is expected to be around 60 billion yuan.
Among them, Tianchi Technology has the largest financing scale. This IPO raised 20 billion yuan, accounting for one-third of the total financing of these listed companies, followed by Zhongguotonghao, which has a financing scale of 10.5 billion yuan, accounting for 1/3 of the total financing. About one-sixth of the total amount, and then it was Pinduoduo. The IPO raised on the Science and Technology Innovation Board was 6.9 billion yuan.
The combined financing scale of these three companies accounts for about 62% of the total funds raised by the first batch of listed companies.
Among the first batch of listed companies listed on the Science and Technology Innovation Board, the one with the highest market value is Pinduoduo, with a valuation of up to 171 billion yuan. It is a company that has attracted much attention from the capital market.
But the one that gets the most attention is of course Tianchi technology.
Subscriptions are officially open today, and eligible investors can also purchase new shares.
Stock abbreviation: Tianchi Technology
Stock code:688868
Issuance market value: 37 billion yuan
IPO raised: 20 billion yuan (accounting for 54.05% of total equity)
Issue price: 13.70 yuan
Total share capital: 2.7 billion shares
In terms of major shareholders, the largest shareholder is Tiansheng Capital, which holds 34% of the total shares; the Social Security Fund holds 10%, Ningzhou State-owned Assets holds 7%, and the senior management team or option pool reserves 11.95%. Wanxiang,
Chaoyun and other five institutions each hold 5%.
In addition, it will conduct innovation online, that is, it will raise 2.41 billion yuan from retail investors and small and medium-sized investors, accounting for 12.05% of the total equity.
As Tianchi Technology's IPO is about to go public, more relevant information will be disclosed one by one during the development and subscription period today.
Small and medium-sized investors soon triggered a lot of discussions on Tianchi's technology. The most discussed issue was the market value of the issuance. Most ordinary investors said they couldn't understand it.
Tianchi is a major new energy vehicle manufacturer with such outstanding technology and explosive sales. It is rumored that Tianchi will take the million-year sales record of new energy vehicle companies, but its issuance market value is only 37 billion yuan?
