What's the difference between initial restricted shares and non-restricted shares?

"Size" refers to non-tradable shares, that is, restricted shares, or restricted A shares. Small: a small part. Small non-tradable shares: that is, a few stocks that are prohibited from listing and circulating (that is, non-tradable shares that accounted for a small proportion before the share reform). If the restricted shares account for less than 5% of the total share capital, they will not be circulated until one year after the share reform. One year later, it will not be sold on a large scale, but on a limited scale, so as not to cause a big impact on the secondary market. And a large part of it is right or wrong). On the contrary, it is called non-size (that is, the share reform accounts for a large proportion before the share reform). If the restricted shares account for more than 5% of the total share capital, they can only circulate for more than two years after the share reform, because Dafa is generally the company's major shareholder and strategic investor. Generally do not throw).

Analysis on the advantages of lifting the ban on non-size.

1 The arbitrage mechanism between the real economy and the financial economy has become smoother. Major shareholders will compare the yields of the real economy and the financial economy to choose whether to cash out their own stocks or continue to finance the real economy. Promote China's economic restructuring.

Affected by the real economy, the stock market valuation has continued to decline in the past two years, and the market will find its reasonable price center in large fluctuations.

It is conducive to curbing excessive speculation in the stock market, bringing the stock price into line with international standards, helping the stock market to mature, helping to establish the investment concept of the stock market and helping all participants to mature.

4. Let ordinary people buy stocks with investment value. Give China people with few investment opportunities and channels an investment direction.

It is helpful for the survival of the fittest of listed companies.

The lifting of the ban on the size of non-tradable shares has limited influence on the long-term upward trend of good companies, but it is devastating to the stocks of poor companies. Conducive to resource allocation. Conducive to the transformation of China's economic structure.

It can make investors realize that as long as they can seize the opportunity, there will be great returns if they invest more.