China-Singapore Jingwei client, April 28, 28th, A shares opened higher, the Shanghai index reported 2819.99 points, an increase of 0.16%, and the trading volume was 2.479 billion yuan; the Shenzhen Component Index reported 10477.76 points, an increase of 0.24%, and the trading volume was 3.515 billion yuan ; The GEM index reported 2023.96 points, an increase of 0.26%.

  Shanghai and Shenzhen stock market opening performance source: Wind

  On the disk, sectors such as park development, gas, airports, brokers, and shipping led the gains; plastics, agricultural integration, commercial property management, gold, and trade sectors led the decline.

  Stimulated by good news for the main rules of the GEM pilot registration system, VC concept stocks were active collectively, Hongga Creative, Huakong SEG, Shibei High-tech, Jiuding Investment and other stocks had daily limits.

  In terms of individual stocks, 1519 stocks rose, among which 24 stocks including Hanlan, ST Zhongnan and Dashenlin rose by more than 5%. 1,674 stocks fell, of which 45 stocks, such as Ruima Industry, ST Rock, Caesars Tourism, fell more than 5%.

  In terms of capital flow, the top five inflows in the industry sector are other transportation equipment, cultural media, Internet media, marketing communications, and shipbuilding, and the top five outflows are other transportation equipment, cultural media, internet media, marketing communications, Shipbuilding. The top five stocks that flowed into the top five were Jindan Technology, Besme, Compass, Juzi Technology, Taihe Technology, and the top five stocks outflowed were Jindan Technology, Besmey, Compass, Juzi Technology, Taihe Technology. The top five influential themes are O2O concepts, cotton, UHV, wind power, and Shenzhen state-owned asset reform, and the top five out-of-the-box concepts are O2O concept, cotton, UHV, wind power, and Shenzhen state-owned asset reform.

  From the perspective of the north-south capital flow of Shanghai-Shenzhen-Hong Kong Stock Connect, as of press time, the net inflow of northbound funds was 152 million yuan, of which the net inflow of Shanghai Stock Connect was 115 million yuan, the balance of funds on the day was 51.885 billion yuan, and the net inflow of Shenzhen Stock Connect was 37 million yuan. The balance is 51.963 billion yuan; the net inflow of southbound funds is 1.978 billion yuan, of which the net inflow of Shanghai-Hong Kong Stock Connect is 706 million yuan, the balance of funds on the day is 41.294 billion yuan, the net inflow of Shenzhen-Hong Kong Stock Connect is 1.272 billion yuan, and the balance of funds on the day is 40.728 billion yuan.

  On the news, on the 27th, the China Securities Regulatory Commission issued "Measures on the Management of Initial Public Offering of Stocks on the ChiNext (Trial)", "Administrative Measures on the Securities Issuance and Registration of Listed Companies on the ChiNext (Trial)" and "Continuous Supervision Measures on Listed Companies on the ChiNext (Trial)" "And the revised draft of the" Administrative Measures on the Sponsorship Business of Securities Issuance and Listing "are open to the public for comments.

  This reform completes the basic system of the GEM market. One is to establish a market-oriented issuance underwriting system, and there are no administrative restrictions on the pricing of new shares. The second is to improve the GEM trading mechanism, relax the restrictions on the rise and fall, optimize the refinancing mechanism and intraday temporary suspension system. The third is to build a continuous regulatory rule system that conforms to the characteristics of GEM listed companies, establish a strict information disclosure rule system and implement it strictly. Fourth, improve the delisting system, simplify delisting procedures, and optimize delisting standards. Improve the GEM companies' delisting risk warning system.

  According to Gui Haoming, chief market expert of Shenwan Hongyuan Securities Research Institute, listed companies must disclose information comprehensively, completely, and accurately, and regard information disclosure as the focus of market supervision and investor protection. Under the constraints of this market approach, the pace of expansion cannot be fast. The new securities law provides conditions for the normalized issuance of new shares without directly affecting the speed of expansion.

  New Times Securities believes that the GEM registration system is good for brokers who accumulate more SME projects. The second is GEM stocks that benefit small and medium market capitalization. The third is to benefit sectors with direct financing needs and rapid development, such as TMT, biomedicine and other growth industries. Fourth, it is good for the A-share listed companies to be split. Fifth, it is good for venture capital enterprises with abundant project reserves. (Sino-Singapore Jingwei app)

(The opinions in this article are for reference only, and do not constitute investment advice. Investment is risky and you need to be cautious when entering the market.)