Answer: CITIC Securities’ A-share and H-share rights issue have the same rights, with 1.5 shares allocated for every 10 shares. The A-share rights issue price is 14.43 yuan per share, which is 43% lower than the current closing price and nearly Folded in half. If retail investors do not participate in the rights issue, they will also participate in the ex-rights. The equity will be diluted and the chips will be concentrated in the hands of the main institutions. After the ex-rights and dividends, the rights will be filled immediately, which is obviously not cost-effective. If a large number of retail investors participate in the allotment of shares, the chips will be dispersed, the main force will not be arrogant, and the road to filling the rights will be long. All in all, the risk of participating in the rights issue is not too great. If you hold it for a long time, it can outperform the three-year deposit interest. Personal opinion.

Just follow the shareholders, and you will not lose yourself if you lose anyone.

Although CITIC’s approach is unfriendly to short-term shareholders, it is legal and compliant;

It’s just strange that such a large company predicted a performance growth of 18% in January. Above; but still doing it in such a cool way. If you make money, the money in your account is not real money?

After BeiGene’s stock price broke on the first day of listing and fell more and more, new stocks became more and more strange.

Zhongxin stock N Aojie had no meat to eat at the opening of the day, breaking 33% directly, and lost more than 20,000 for one winning share. Isn’t this a new stock?

The recent magical capital market seems to be interpreting more incredible things. It's better to be careful.

Thanks for the Q&A invitation.

The closing price of CITIC Securities A shares last Friday was 25.03 yuan per share. The rights issue plan to be implemented is 1.5 shares for every 10 shares, and the rights price is 14.43 yuan, which is significantly lower than the closing price. Shareholders participating in the rights issue This is equivalent to getting 1.5 shares at a lower price without competition. According to convention, most stock prices after the rights issue will be ex-rights, that is, they will drop to around their theoretical cost price of 23.64 yuan. Therefore, if existing shareholders do not participate in the rights issue, they will theoretically lose about 1.39 yuan per share. If they participate in the rights issue, they can not only theoretically avoid losses, but also gain certain profits if the price of the stock does not fall to 23.64 yuan after the rights issue.

For good companies, financing through allotment of shares to original shareholders, to a certain extent, is the same as dividends or transfer of shares. It is actually a good way for the company to return original shareholders, such as Issuing shares to specific investors at a price 20% lower than the existing stock price is more beneficial to existing shareholders, especially small and medium-sized shareholders.

With the implementation of the registration system, the development of agency and investment banking businesses, and the increasing amount of domestic and foreign funds investing in China’s stock market, securities companies have become one of the biggest beneficiaries of China’s capital market, and their business in 2021 will be Good growth has been achieved, and profits have also increased accordingly. Therefore, I believe that CITIC Securities, as the leading securities company in China, will definitely bring more benefits to its shareholders.

The above is just my personal understanding and opinion and does not represent investment advice. Corrections, forwarding and attention are welcome!

CITIC Securities is the leader. After the rights issue, it has more capital and can better perform the functions of the China Securities Regulatory Commission to stabilize the stock market. The company has obviously deliberately concealed its profit level for a year. After the rights issue, the company should maintain its current level, which means it cannot continue to do so.

Companies preparing to go public dream of becoming clients of CITIC Securities in order to achieve their maximum financing goals, which will naturally significantly increase their investment banking profitability. It can be said that in a registration-based environment, CITIC Securities’ corporate sponsorship business will have an absolute monopoly in the future, which is equivalent to the sum of all securities companies after the top five securities companies. 50% of the securities company sponsorship business will be at a zero level. .

This rights issue is equivalent to a dividend of 20 yuan for every 10 shares.

Leave CITIC forever, the only choice!

This kind of allotment is equivalent to winning the lottery, but no one at the brokerage is speculating now. If possible, you can connect the board! Why is it negative? I don’t know if it’s malicious short selling or deliberate washout? It is said that you will lose money if you abandon the purchase because it will require ex-rights when the market reopens.

Everything is the same, if you don’t want to allocate shares, just clear the position. The rights will be ex-righted after the rights issue, and the position will be cleared without the rights issue, which is equivalent to directly bearing the percentage of the discount of the rights issue. (Excluding the future rise and fall trend) Generally speaking, in this situation, if you match it, you won’t lose money in the long run