The NetEase finance and economics on September 23 the news undertaking board approached opens the sluice gates, the private placement and male solicited the manner displayed the obvious difference. The NetEase finance and economics the segment many private placements, male have solicited the fund manager today, investigates it to the undertaking board participation enthusiasm. The result showed that male solicits the fund as a result of scale, fixed price and other reasons, the participation undertaking board company secondary market investment enthusiasm is low, but the operation is flexible, the pursue absolute income\’s private placement as well as male solicits “one to many” relatively is warm is high.     
In addition, in present market fund supply are relatively many, in the card hot spot relatively insufficient situation, almost all funds will hit to show the strong interest to the undertaking board newly. Some market public figures estimated that after undertaking board opens the sluice gates, frozen capital over 600 billion Renminbi.   
Male solicits: Very discrete   
Rich country fund chief strategic analyst Yang Guibin said that only if the scale very small fund, extremely little has male solicits the foundation to carry on the disposition to the undertaking board company, the participation of undertaking board secondary market “will be discrete”. His reason is, the undertaking board company tray is quite small, male solicits the fund to invest some company to have does not surpass its circulation stock 10% proportions the limits, the participation can create its stock price the large fluctuation.     
In addition, has the high risk special characteristic undertaking board company to fix a price is relatively high, is one of its participation enthusiasm not high reasons. “If some company\’s fixed price, our mentalities will also change.”     
In American NASDAQ market, the company has is higher than other exchanges to have higher market estimate value, this will also be imitated by the native corporation. Securities Supervisory Association department concerned people in charge said this afternoon that has not fixed a price to carry on the window guidance to the undertaking board company, it is estimated that first attains the written instructions to a subordinate the company definite release market profit to be higher than the platelet company\’s average level finally. In the future undertaking board company\’s high fixed price, already, in many male solicit the fund to invest the public figure anticipated.     
Private placement: Maintains the attention   
What being worth mentioning, because the undertaking board “temple” is too small, has not integrated male solicits “discernment”, but just attained the wholesale line male solicits “one to many” product interest quite to be thick. The private placement, male solicits “one to many” product to have the possibility to draw support from the undertaking board to open the sluice gates to measure strength.   
Shanghai male solicits the fund company insiders to indicate to the NetEase finance and economics, because the scale is small, the investment scope to be more widespread, its company “one-to-many” fund throwing grinds the public figure to be more to the undertaking board attention relatively general fund.     
But undertaking board company\’s high growth potential, for many male solicits the public figure to approve. Bank of China fund deputy general manager Zhang Fayu said to the NetEase finance and economics that the undertaking board company intelligence meets is relatively high, is in the profession leading enterprise, will maintain the attention to it, will carry on the suitable participation.     
Original male solicits “favorite”, to hand over silver Schroeder to invest inspector general Li Xuli to indicate to the NetEase finance and economics that has given many attention to the undertaking board, if the fixed price is reasonable, will participate in the operation of its secondary market.     
“Different company, we will give the different estimate value standard, market profit 10 times and 20 times and 30 times have the possibility, cannot be generally spoken.”   
Floating capital Bao Chaohuo reappears   
Before this, JPMorgan Chase managing director Li Jing publicizes saying that extrusion of undertaking board will perhaps not diverge the motherboard fund, but the first day storm fries the phenomenon or will appear. But this as if became the investment mutual recognition.     
Yang Guibin believes that the undertaking board listed company tray is small, compared with conforming to the floating capital taste, its first day performance is very possible with 04 years in the platelet company to go on the market similarly, becomes object which the floating capital hypes. In addition, stock market 3000 spots high and low, the hot spot is relatively deficient, the appearance of undertaking board will also satisfy the fund the demand.     

What being worth mentioning, although the secondary market participation enthusiasm is not high, but majority male solicits the fund to participating in the undertaking board hits the new enthusiasm to be quite high. Yesterday after Securities Supervisory Association allowed to pass the fund participation undertaking board, added the company to issue the announcement, said that will defer to the fund contract, participated in the undertaking board moderately the investment.     
Today Yi Fangda related media leader said to the NetEase finance and economics that the majority equities funds and in the index fund fund contract to stipulating the fund may participate in “fluid good financial instruments”, simulation transaction index\’s deep 100ETF (net worth) also possibly participates in undertaking board company “hitting newly”. Some related reports estimated before this that 10 undertaking board company\’s average market plans to solicit the capital amount approximately is 2 0.84, to the motherboard market average level survey, this Shanghai buy before this possibly freezes 600 billion to 700 billion Yuan. (This article originates: NetEase finance and economics author: Wang Chengcheng)