A new batch of IPO approval documents were issued on Friday, and the number of approved IPOs has been reduced to four, with the total amount raised not exceeding 1.5 billion yuan.

This number is significantly reduced from the previous 10 companies in each batch and last week’s 7, and the total amount raised has plummeted.

This is the second consecutive week that the China Securities Regulatory Commission has reduced the number of IPOs issued.

Logically speaking, the obvious slowdown in IPOs is an absolute good thing, but last week's new rules on reduction of holdings + IPO slowdown, when the market was unanimously bullish, the market actually opened higher and went lower. The new rules on reductions in holdings were originally intended to prevent market funds.

outflow, but it accelerated the flight of arbitrage funds.

Therefore, many people still have lingering fears. They are not as unanimously bullish as last time, and there are large differences in the views of all parties.

However, Mr. Xing believes that it is precisely the divergent benefits that provide opportunities. If unanimous bullishness causes the collective to open sharply higher, it is most likely a trap.

But having said that, no matter how many IPOs are issued, it will only affect market sentiment. Slowing down will boost investor confidence, but the root cause of the continued sluggishness of the stock market is still the tight financial situation.

The emergence of money shortage is a sign of artificial tightening. We all know that the Federal Reserve has a high probability of raising interest rates in June. In order to avoid the outflow of domestic funds after the Federal Reserve raises interest rates, the RMB has recently reduced the money supply, causing the RMB to continue to appreciate.

The RMB Hibor interest rate in Hong Kong exceeded 40% in the past few days, indicating that funds are extremely tight.

Fortunately, the latest number of U.S. non-farm payrolls in May was much lower than expected, which makes the June interest rate hike, which is almost certain, once again full of uncertainty.

Goldman Sachs even said that the Federal Reserve will not raise interest rates until September.

If the Federal Reserve fails to raise interest rates in June, the money shortage in A-shares is expected to be alleviated.

Xing Ye predicts that this IPO deceleration will not see a large number of daily limit openings and sharply higher openings like the phenomenon after the Dragon Boat Festival, and there will be a relatively mild counterattack.

However, if the market outlook is to start a rebound after stabilization, it must be coordinated by an increase in trading volume, otherwise any rise without volume will be a hooligan.

Judging from Friday's market, the leaders were Xiongan, which represents the popular sector, and the second-highest price, which represents the oversold sector.

Xingye continued to recommend investors to pay attention to Xiongan and Cixin.

As far as sub-new stocks are concerned, the current oversold sub-new stocks are less likely to continue to fall, and their rebound will be much stronger. For example, Hongqiang shares, which have been listed twice, and sub-new stocks with the concept of Xiongan are also worthy of attention.

As for the speculation in Xiongan, we should try our best to find low-level and logical stocks, and they should have strong stock characteristics.

For example, the stock price of Shougang Energy Saving is at a low level and has obvious benefits, but if the stock price is not good, it will be difficult to get up.

Xingye suggested that we focus on the new branches of Xiongan and focus on mining low-priced stocks, such as Nanguo Real Estate, Dunan Environment, and Donghua Technology. Never chase stocks that have risen by more than 30% or have entered a downward channel.