【 Sudden 】 The Shanghai Composite Index fell below2800spot Doubts on whether bank stocks can maintain a bottom line after further expansion

On Thursday morning trading, the Chinese stock market briefly rose after opening low, experiencing selling pressure and the Shanghai Composite Index falling below2800The decline of the Shenzhen Component Index and the Growth Enterprise Market exceeded1%. Computers, electronics, and other industries have experienced the largest decline.



Strengthening supervision has become a recent theme of the China Securities Regulatory Commission. There are three pieces of news related to this on Thursday.Foreign exchange gold


[blockquote]
The head of a large securities firm's merger and acquisition financing said that regulatory authorities may concentrate on cleaning upIPOA group of companies in the queue with relatively small net profit scale and declining profitability. However, the news has not yet received a response from authoritative departments. In addition, internal securities firms have begun to conductIPOSelf inspection of the project, if there is a serious decline in performance, advise to withdraw.


Since the beginning of this year, the supervision of the private placement market has been comprehensively tightening, from strengthening the pricing mechanism to providing guidance and standardization across different industries. Recently, some industry insiders have revealed that the three-year private placement may have been strictly approved, and some private placement transactions need to undergo questioning and draft review. The supporting fundraising used for cash flow and debt repayment has also been rigorously investigated.


According to Caixin, regulatory authorities are adopting a different cautious attitude towards mergers and acquisitions of listed companies, especially focusing on phenomena such as overvaluation and high performance commitments. Recently, the Shenzhen Stock Exchange has issued multiple inquiry letters for several consecutive days, questioning the mergers and acquisitions of several listed companies, including Julong Management, Dingtai New Materials, Wanda Cinema, Hongda New Materials, Siwei Tuxin, and Dongcheng Pharmaceutical.[/blockquote]

Under strong government supervision, the ChiNext and theme stocks characterized by overvaluation have suffered heavy losses. Currently, neither concept sector in the two markets has risen, while concept stocks such as artificial intelligence, fuel cells, and biometrics have plummeted.


In a weak market, banking stocks have once again become the "sea stabilizing needle" and are currently the only industry that has risen. But every time bank stocks make a push, they fall below the Shanghai Composite Index2800After the point, in the absence of over-the-counter funds entering the market, bank stocks can only ensure the bottom of the market and cannot stimulate the market's enthusiasm for long trading. Moreover, after multiple attempts to maintain a bottom line but failed to drive the stock market up, the bottom line effect of bank stocks may weaken.



The Chinese stock market has been continuously12On trading days2800Near the point（2781spot-2860The narrow range fluctuations of points and the continuous shrinking of quantity make directional choices increasingly urgent. At this moment, investors should look more and move less, and wait for the market to determine the direction before making decisions.
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