今年(nian)上(shang)半(ban)(ban)年(nian),A股(gu)市(shi)場(chang)可(ke)謂(wei)喜事不斷,新經濟(ji)企業(ye)上(shang)市(shi)有了實(shi)質性進(jin)展、CDR試點規則(ze)基(ji)本出齊、A股(gu)正(zheng)式(shi)納(na)入MSCI、滬(hu)港(gang)(gang)通(tong)和(he)深港(gang)(gang)通(tong)擴容……轉眼之間(jian),2018年(nian)的A股(gu)市(shi)場(chang)已快走過(guo)半(ban)(ban)程(cheng),下半(ban)(ban)年(nian)有哪(na)些(xie)值(zhi)得期(qi)待的事情呢(ni)?筆者認(ren)為,下半(ban)(ban)年(nian),CDR試點企業(ye)的上(shang)市(shi)以及(ji)滬(hu)倫通(tong)的進(jin)展將成為下半(ban)(ban)年(nian)A股(gu)市(shi)場(chang)關注的兩大(da)亮點。
亮點(dian)一(yi),在(zai)6月(yue)6日證(zheng)(zheng)監會發布(bu)關(guan)于CDR試點(dian)企(qi)業的上(shang)市(shi)細則后,6月(yue)7日,小(xiao)米(mi)集(ji)團就遞(di)交(jiao)了在(zai)國(guo)內發行存(cun)托憑(ping)證(zheng)(zheng)并(bing)上(shang)市(shi)的申(shen)請。至此,小(xiao)米(mi)成(cheng)為(wei)CDR試點(dian)的首(shou)單申(shen)請。如(ru)果審核通過,小(xiao)米(mi)有望成(cheng)為(wei)CDR第(di)一(yi)單。
筆者認為,CDR試點(dian)的(de)(de)推出(chu),將(jiang)吸引更多的(de)(de) “新經濟”企業選(xuan)擇登(deng)陸A股(gu)(gu)市(shi)(shi)(shi)場(chang)回歸(gui),加速中(zhong)國資本(ben)市(shi)(shi)(shi)場(chang)的(de)(de)機構化(hua)(hua)(hua)(hua)和(he)國際化(hua)(hua)(hua)(hua),CDR試點(dian)不(bu)僅將(jiang)進一(yi)步促進A股(gu)(gu)市(shi)(shi)(shi)場(chang)深(shen)化(hua)(hua)(hua)(hua)改革,增加A股(gu)(gu)上(shang)市(shi)(shi)(shi)公(gong)司(si)的(de)(de)多樣化(hua)(hua)(hua)(hua)、科技化(hua)(hua)(hua)(hua),改善(shan)A股(gu)(gu)上(shang)市(shi)(shi)(shi)公(gong)司(si)質量,而(er)且,還(huan)將(jiang)進一(yi)步改善(shan)A股(gu)(gu)科技企業的(de)(de)估值(zhi)體系,改變(bian)A股(gu)(gu)市(shi)(shi)(shi)場(chang)長(chang)期存在的(de)(de)“投(tou)機”氛圍;有助(zhu)于(yu)中(zhong)長(chang)期A股(gu)(gu)市(shi)(shi)(shi)場(chang)回歸(gui)“價(jia)值(zhi)投(tou)資”,讓中(zhong)小(xiao)投(tou)資者切(qie)實(shi)分享創新企業的(de)(de)成長(chang)紅(hong)利。
亮點二(er),滬倫通大的制度安排已經就緒,有望于下半年正式推出(chu)。這標志著中(zhong)國(guo)資(zi)本(ben)市場向國(guo)際資(zi)本(ben)市場開放即(ji)將邁(mai)開更(geng)重(zhong)要一步,也表明中(zhong)國(guo)資(zi)本(ben)市場與(yu)國(guo)際資(zi)本(ben)市場更(geng)加深度融合與(yu)相互促進。
筆者(zhe)(zhe)認為,滬倫(lun)通(tong)(tong)是(shi)繼滬港通(tong)(tong)、深(shen)港通(tong)(tong)之后,2018年(nian)我國(guo)(guo)資本(ben)市(shi)場對外開放又一(yi)(yi)標志性(xing)事(shi)件(jian)。一(yi)(yi)方(fang)面將(jiang)有助于中(zhong)(zhong)國(guo)(guo)上(shang)市(shi)公司(si)信息披露制度(du)和(he)企業文化與國(guo)(guo)際接(jie)軌,使中(zhong)(zhong)國(guo)(guo)資本(ben)市(shi)場基礎(chu)性(xing)制度(du)建設及其(qi)監管制度(du)更加完善和(he)規范(fan);另(ling)一(yi)(yi)方(fang)面,對于中(zhong)(zhong)國(guo)(guo)及國(guo)(guo)際投(tou)資者(zhe)(zhe)而(er)言,滬倫(lun)通(tong)(tong)將(jiang)提供更加多元化的(de)(de)選(xuan)擇,方(fang)便國(guo)(guo)內(nei)投(tou)資者(zhe)(zhe)直接(jie)參與倫(lun)交所上(shang)市(shi)公司(si)的(de)(de)投(tou)資,分享全球(qiu)經(jing)濟(ji)增長的(de)(de)紅利(li),同時(shi)也有助于改善A股投(tou)資者(zhe)(zhe)的(de)(de)結構。
由此可以看出,下半年的A股市場更加值得(de)期待!
中(zhong)(zhong)(zhong)(zhong)(zhong)證(zheng)網(wang)聲(sheng)明(ming)(ming)(ming):凡本網(wang)注(zhu)明(ming)(ming)(ming)“來源(yuan)(yuan):中(zhong)(zhong)(zhong)(zhong)(zhong)國證(zheng)券(quan)報·中(zhong)(zhong)(zhong)(zhong)(zhong)證(zheng)網(wang)”的所(suo)有作(zuo)(zuo)品(pin),版權均(jun)屬于(yu)中(zhong)(zhong)(zhong)(zhong)(zhong)國證(zheng)券(quan)報、中(zhong)(zhong)(zhong)(zhong)(zhong)證(zheng)網(wang)。中(zhong)(zhong)(zhong)(zhong)(zhong)國證(zheng)券(quan)報·中(zhong)(zhong)(zhong)(zhong)(zhong)證(zheng)網(wang)與作(zuo)(zuo)品(pin)作(zuo)(zuo)者(zhe)聯合(he)聲(sheng)明(ming)(ming)(ming),任何組織未經中(zhong)(zhong)(zhong)(zhong)(zhong)國證(zheng)券(quan)報、中(zhong)(zhong)(zhong)(zhong)(zhong)證(zheng)網(wang)以及作(zuo)(zuo)者(zhe)書面授(shou)權不得(de)轉(zhuan)載(zai)、摘編或利(li)用(yong)其它方式使(shi)用(yong)上述(shu)作(zuo)(zuo)品(pin)。凡本網(wang)注(zhu)明(ming)(ming)(ming)來源(yuan)(yuan)非中(zhong)(zhong)(zhong)(zhong)(zhong)國證(zheng)券(quan)報·中(zhong)(zhong)(zhong)(zhong)(zhong)證(zheng)網(wang)的作(zuo)(zuo)品(pin),均(jun)轉(zhuan)載(zai)自其它媒體,轉(zhuan)載(zai)目的在于(yu)更好(hao)服務(wu)讀者(zhe)、傳遞信息之(zhi)需(xu),并不代(dai)表(biao)本網(wang)贊(zan)同其觀點,本網(wang)亦(yi)不對其真實(shi)性負責(ze),持(chi)異(yi)議者(zhe)應與原出處單位主張權利(li)。
特別鏈接:政府部門交易機構證券期貨四所兩司新聞發布平臺友情鏈接版權聲明
關于報社關于本站廣告發布免責條款
中國證券報社版權所有,未經書面授權不得復制或建立鏡像 經營許可證編號:京B2-20180749 京公網安備0-1
Copyright 2001-2018 China Securities Journal. All Rights Reserved
中(zhong)國證(zheng)券報社版權所有,未經書(shu)面授權不得(de)復制或建(jian)立(li)鏡(jing)像
經營許可證編(bian)號:京(jing)B2-20180749 京(jing)公網安備0-1
Copyright 2001-2018 China Securities Journal. All Rights Reserved