It has little impact on the overall economy of China. Corporate financing is the most direct contribution of capital market to economic growth. Although the US market is one of the financing channels for China enterprises, compared with the A-share and Hong Kong stock markets, the financing ratio of China enterprises in the US market is not high. According to WIND's statistics, from September 20 1 1 to September 20 19, Chinese enterprises raised about19 billion RMB in the United States (foreign currency financing was converted into RMB at the exchange rate at the end of the year, the same below), while Chinese enterprises raised 1.2 trillion RMB in the A-share market and the Hong Kong stock market respectively in the same period. The IPO financing of China Stock Exchange in the United States only accounts for 7.9% of all IPO financing.

: concept stocks

1. Chinese concept stocks, referred to as China Stock Exchange, refer to all China stocks listed overseas by foreign investors. They were born in China stock market in 1990s. China Stock Exchange needs to be registered and listed overseas, and the largest controlling shareholder or actual controller directly or indirectly belongs to domestic private enterprises or individuals, which is a way for China enterprises to obtain overseas investment through overseas listing. Chinese concept stocks mainly include two categories: one is enterprises registered in Chinese mainland and listed overseas; The other is an enterprise registered abroad, but its main business and relationship are still in Chinese mainland.

2. Concept stocks refer to stocks with special connotations, which are usually regarded as the subject of stock selection and speculation, and become a hot spot in the stock market.

3. It has a specific name, thing, theme, etc. , such as financial stocks, real estate stocks, asset restructuring stocks, brokerage stocks, Olympic theme stocks, insurance stocks, futures concepts, etc. They are all called concept stocks. Simply put, concept stocks are pre-speculation on the growth of operating performance in the industry where stocks are located.

4. Chinese concept stocks refer to all China stocks listed overseas by foreign investors because they are optimistic about China's economic growth. It has also been said that Chinese concept stocks "are all fabricated lies, just to make people believe their lies".

5. Concept stocks are relative to blue chip stocks. Blue-chip stocks need good performance support. Concept stocks rely on a certain theme, such as the concept of asset reorganization and the concept of three links to support prices.

6. Chinese concept stocks are relative to overseas markets. The same company can be listed in different stock markets, so it is possible for some Chinese concept stocks to be listed in China at the same time. The reason why the United States accepts Chinese concept stocks is mainly because of the influence of China's huge market, which is equivalent to investing in China companies, but this reason is mainly because of the interest orientation of capital and the pursuit of higher investment returns, which has nothing to do with politics.

7. Chinese concept stocks are stocks of companies registered in China that are listed overseas, or companies registered overseas but have business and relationships in the Mainland. There are also Shanghai and Shenzhen China concept stocks, which refer to stocks with the word "China" listed in Shanghai and Shenzhen, such as China Chemical, China Deification and China International Trade.