B-Share Investors Have Suffered From Bear Market Losses Longer Than A Shares.

Most investors are not satisfied with the process of B-share reform, but on Friday, the B-share reform has stepped out of the relative satisfaction of the market. New B shares have been successfully merged into new A shares.

This is the second case in which Shanghai's pure B shares are pferred to A shares. Compared with the first case, Dong B B shares, this reform has made obvious progress and the market effect has been greatly improved.

Last year, when Dong electric B shares were pferred to A shares, some shareholders had different views on the A share plan, and there were disputes at the shareholders' meeting and at the gate of the Shanghai Stock Exchange.

Although the A scheme has been passed, many investors still have opinions on the plan, and the market results are not satisfactory.

The new B shares were pferred to A shares, which basically absorbed most investors' opinions. The shareholders' meeting had passed the high vote without any negative phenomena such as quarrels and disputes.

As a result, the new and old shareholders of new B shares get the investment returns of the leading market, and the dividend bonus of B-share reform.

And the next step for B-share reform is to establish a relatively successful case for the final merger of A and B shares.

In November 30th, the International Monetary Fund adopted China's RMB accession to the SDR program.

This is a major event in the internationalization of the RMB and in the reform and opening up of the capital account, which means that the accelerated pace of RMB free convertibility means that the thorough settlement of the problems left over by the B-share stocks is getting closer and closer.

However, the final solution to the B-share problem needs a specific plan of a company and a company.

The plan of new B shares is of reference value, but it is difficult to copy to other B-share Companies, especially those with A and B shares.

Recently, there are pilot cases of merger and listing of A and B Share Listed Companies in Shenzhen.

In October 9th, the shareholders' meeting of A and B shares of Shenzhen Shekou listed company voted through the merger and merger of the new A shares, the original A shares.

B shares and share prices are not the same, A shares are 37.37 yuan a share, B shares are 28.67 yuan a share.

Although A,

The price of the stock exchange is inconsistent, but the plan is still voted high by the general meeting of shareholders.

For most B-share investors, although the share price is lower than that of A shares, the relative premium rate is lower due to the lower base price than A shares.

High.

Although some investors are dissatisfied, but in the face of current interests, the market chooses rationality, and allows each step to maximize the benefits to solve the problem.

The interests of A shareholders and B-share shareholders are not consistent. If B shares are directly converted into A shares and are 1 to 1, they will inevitably enlarge the scale of A shares, which will have pressure on the circulation price of A shares, and A shareholders will raise objections when voting.

If B shares are to be reduced or discounted, the B-share shareholders will also have opinions.

How to insist on the same rights and share the interests of A and B shareholders is a difficult problem.

This is also an important factor in the history of B shares left over until now.

The above two cases are relatively successful, so that we can see the success of solving the historical problems left by B-shares.

In particular, this Friday, the new town B shares opened to 22.80 yuan, open high, new and old shareholders of the new town B shares have finally tasted the difficult years of B-share investment victory fruit.

It also means the bright prospects for the B-share stock left at present. The bear market suffering from B-share investors is even longer than that of A shares. The final harvest should exceed the average level of A share investors.

Goodbye, my B shares.