Whether The National Team Will "Throw High And Low Smoke" Will Cause Concern.

According to media reports, the monthly statistics released by China's settlement show that in August, the total amount of A stock trusteeship was reduced to 454 billion 250 million yuan, a low since February, and its share of total trust in the market has dropped from 1.9% to 1.7%.

In August, both Shanghai and Shenzhen stock markets rebounded slightly, so the decline in A share trustees held by the securities company is more noteworthy.

Of course, one day, the national team will withdraw from the market completely. But before its withdrawal from the market, the author thought that the national team should not frequently "sell high and suck low".

Even if the position is to be adjusted, it must be carried out in a very cautious situation.

And the best way is to keep the stock intact during the period of maintaining stability.

There is a view in the market that this is caused by the reduction of the national team.

After all, August.

The corresponding market value of the trust company should rise, but the market value is not rising but on the contrary. Therefore, it is not unreasonable to reduce the stock price.

But there is also a view that this is the result of the adjustment of stocks and positions by the national team.

Due to the different stocks and quantity, the market value of custody is different.

What is the reason for the decline in trust market value? Perhaps only the certification company can give an accurate answer.

However, as for the national team itself, the change of its shareholding is not news.

After the stock market crash last year, the national team represented by the certification company and Huijin Company came into the field to maintain stability, but this stability also showed "hasty" characteristics.

Not only does it show more than a thousand stocks, but also in the election.

No matter the quality of "beard eyebrows", it is also shown that the company is "one careless" and becomes the largest shareholder of Mei Yan.

That's exactly what the national team has to do with stock adjustment.

It is also understandable, and the information disclosed also proves this point.

For example, compared with the end of the first quarter of this year, the two quarter national team's shareholding for 860 stocks remained unchanged, with 29 new entries, 125 additional holdings, 164 reduction, and 65 top ten list of tradable shareholders.

For example, in the first half of this year, the securities company launched a substantial increase in bank shares.

Among them, the increase of Agricultural Bank 1 billion 147 million shares, the increase of ICBC, the Bank of China and the bank are 686 million shares, 493 million shares and 573 million shares.

In addition to the five major companies, the company has also increased its holdings of shareholding banks.

The national team, such as the certification company, although it entered the field to maintain stability last year, it also made an "Oolong incident".

For example, because the certificate company became the largest shareholder of Mei Yan lucky, it was exposed, and then stimulated the crazy speculation of hot money, resulting in the stock price rose more than 1 times.

The purpose of the securities company's purchase of the stock is obviously to maintain stability, but the facts show that the purpose of maintaining stability has not reached, but exacerbated the shock of the stock and exacerbated the loss of high involvement in investors.

Without the entry of national companies such as certification companies, it is hard to imagine the serious consequences of last year's stock market crash.

However, the national team's entry and maintenance is also easy to lead to the "dependency syndrome" of the national team.

As long as the stock market has fallen sharply or plummeted, the voice of appealed to the national team will appear.

Moreover, for investors, because of the existence of a national team, their psychology of guarding against market risks may also weaken.

Obviously, this is very undesirable.

The national team's behavior of "throwing high and sucking low" is different from competing with shareholders.

Moreover, because the national team itself has strong financial strength, it is very easy to affect the rise and fall of a single stock, thus triggering the redistribution of investors' interests.

Therefore, the national team should maintain the relative stability of the positions and avoid frequent operation.

On the other hand, although the national team's "low absorption" can prevent the stock market from falling sharply, its "Gao Pao" behavior is obviously not conducive to the expansion of the stock index.

For example, in August 12th and 15 this year, the Shanghai and Shenzhen stock markets rose sharply for two consecutive trading days, but the 16 day was sniped. The reason for this is that the number of bank shares has dropped sharply, and the truth behind it is "aftertaste".