aspen leaf jewelry wholesale Why is the issue price of Zijin mining only 1 cents? Is it really a profit to shareholders? Is there really a good thing to give money in the world?

wholesale fashion jewelry and watches As we all know, the current stock value of the current stock market of the Shanghai and Shenzhen stock market is 1 yuan per share. Although it is not a legal regulations, it has been agreed in more than 10 years. It has been widely accepted by investors and deeply rooted in people's hearts. However, this pattern is now facing a challenge. Due to a Zijin Mining (2899.HK) listed in Hong Kong, it is now returning to the A -share market. The pre -disclosed prospectus shows that it will issue A shares with a face value of 1.5 billion yuan. This broke the convention of the A -share market, which attracted widespread attention and controversy in the market. Outsiders do not know that Zijin Mining has other hidden feelings, so the dispute over the face value of the stock is not easy.

This value of the face value is not uniformly buried in the root of contradictions

A shares with a noodle value of 0.1 yuan for Purple Mining are mainly to avoid the embarrassment of the issue price exceeding 100 yuan. The value per share of Zijin Mining in the Hong Kong stock market is 0.1 Hong Kong dollars, and the latest price is at a line of HK $ 11.9. If you issue A shares at a face value of 1 yuan per share, you need to shrink the stock. There will be a phenomenon of issuing above 100 yuan. This is unprecedented in the A -share market, and it is obviously difficult to accept ordinary investors. However, if you are issued at a face value of 0.1 yuan, the issue price will become more than 10 yuan, which will cause illusion to many investors, thinking that its issuance price is not high, so that it can be smoothly issued. Of course, the reasons for the company are magnificent. It is mainly to facilitate investors' participation, but also to allow more small and medium investors to participate in the issuance of stocks of excellent companies.

The people who agree with the issuance of 0.1 yuan of face -value stocks believe that this is conducive to the innovative development of the Shanghai and Shenzhen stock markets. The uniformity of the stock value is the international approach. Taking the Hong Kong stock market as an example, in addition to the face value of the RMB, there are also from 0.0001 to 5 to the Hong Kong dollar to stimulate the face value, from 0.00001 to 0.5 to 0.5 US dollars to stimulate the face value, 0.2 Macau with 0.2 Macau Macau Yuan Zai stipulates the face value, and some even simply have no face value. Issuing stocks at a face value of 0.1 yuan is legal in law, and it is convenient to deal with financial treatment. Not only will it not disrupt the price and valuation system of A shares, but it can also promote investors to change the absolute price in the past without paying attention to not paying attention to the fact that they do not pay attention to the fact that they do not pay attention to the fact that they do not pay attention to the fact that they do not pay attention to not paying attention. The quality of listed companies is in line with mature market practices.

The people who oppose the issuance of 0.1 yuan of face -value stocks believe that this may mislead investors. For stocks below 1 yuan face value, investors may feel cheaper and cost -effective than stocks with 1 yuan face value. At the same time, it may also give some listed companies to drill the face value of stocks, play games with fine or merged stocks, use changes in absolute prices to create a price illusion, thereby forming new speculation.

This on these two opinions, the author tends to the latter, which is mainly based on the consideration of national conditions. The Shanghai and Shenzhen stock markets may be the market with the largest number of retail investors in the world. Investors are all over the world, all old and middle -aged, and the cultural levels are uneven. The number of listed stocks has increased sharply in the short term. For the specific situation of multiple stocks, if there is no different face value, there will be more people who do not know it, so it will inevitably be misleading investors, becoming a calamity in which contradictions will occur or even unstable factors.

It whether it can pass the secondary market also has suspense

In fact, in terms of Zijin Mining itself, it is not particularly concerned about whether it is 1 yuan or at a face value of 0.1 yuan. This can be found from the resolution of the company's shareholders' meeting. The company has a plan to merge ordinary shares with an ordinary shares with a face value of 0.1 yuan to 1 yuan per 10 yuan. If it is issued at 0.1 yuan, it is issued 1.5 billion A shares, if it is issued at a face value of 1 yuan, it will issue 150 million A shares. The company can be described as two preparations for red hearts. Obviously, Zijin Mining knows the difficulty of issuing 0.1 yuan of face value stocks. Why did Zijin Mining still chose to get up in the end? Among them, there is another hidden feelings, which is not exactly the company's choice.

This Purple Mining is issued at a face value of 0.1 yuan. One of the important considerations is to pave the way for China Mobile to return to the A -share market. China Mobile's face value in the Hong Kong stock market is also HK $ 0.1, but its stock price is HK $ 141 this Monday. If China Mobile returns to A shares, it is issued at a face value of 1 yuan, and its issuance price may reach more than 1,400 yuan according to the current market price, which is obviously unimaginable. Therefore, if China Mobile wants to return to the A -share market, it is necessary to demolish it. Even if the price of the face value of 0.1 yuan is too high, it may need to be issued at a face value of 0.01 yuan. If so, all parties in the market are not prepared and difficult to accept. At that time, it will be difficult to ride a tiger. Such things will embarrass management in China Mobile. In order to avoid the embarrassing situation that may occur, the Zijin Mining Industry was thrown to visit the road to see what reactions of all parties in the market. It will be much smaller.

The Wednesday Zijin Mining has successfully passed, and there is no suspense for the appearance of 0.1 yuan face -value stocks, but this has to be tested in the secondary market. It is almost certain that under the current investor structure of China, the trouble will continue to be in the future. Originally, investors were used to be used by the new stocks and could only consider themselves unlucky, but if they were set up by Zijin Mining, they had to take 0.1 face value for things. Many people would say that they would not know why this stock and other stocks were with other stocks with other stocks. Different. It was the real test at that time. If it is only because of high pricing stocks, it is a stock of 0.1 yuan, and the low price in form makes investors psychologically acceptable, how can it be a misleading. If you are really a good stock, what stock price is high? In the past, the stock price of Yuyuan Shopping Mall (Yuyuan Mall (600655, stock bar)) stock price exceeded 10,000 yuan, did not allow investors to accept it? The diversified face value of the stock adds trouble to investors, and it is also inappropriate from the perspective of facilitation of investors. China has its own national conditions, and the ocean does not lose.