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On April 10th, a spokesperson for the China Securities Regulatory Commission (CSRC) answered reporters questions regarding the "Opinions on Deepening the Reform of the ChiNext Market to Better Serve the Development of New Productive Forces." The spokesperson mentioned that, regarding refinancing, to meet the needs of growth-oriented innovative and entrepreneurial enterprises that have long R&D cycles and high requirements for the flexibility and timeliness of fundraising, the CSRC will promote the implementation of the shelf registration system for refinancing on the ChiNext market, allowing for "one-time registration, multiple issuances." At the same time, the CSRC will improve the simplified refinancing procedure system, simplify company decision-making procedures, and improve refinancing efficiency. Regarding mergers and acquisitions (M&A), the CSRC will fully leverage the positive role of M&A in promoting industrial integration and transformation and upgrading, and continue to promote the implementation of the "Six Measures for M&A" on the ChiNext market.On April 10th, a spokesperson for the China Securities Regulatory Commission (CSRC) answered reporters questions regarding the "Opinions on Deepening the Reform of the ChiNext Market to Better Serve the Development of New Productive Forces." The spokesperson mentioned optimizing the trading system. This includes introducing a market maker system to promote the diversification of participants and trading strategies in the ChiNext market, reduce price volatility, and enhance market resilience. Negotiated block trades will be adjusted to real-time confirmation, improving the efficiency of investors securities and capital utilization, enhancing transaction certainty, and increasing the willingness of medium- and long-term funds to participate. An after-hours fixed-price trading mechanism for ChiNext-related ETFs will be introduced to better meet the diversified trading needs of investors and help reduce the impact of large transactions on the secondary market.S&P: War will indirectly impact Asian insurance companies through market volatility.The Hang Seng Index closed up 141.14 points, or 0.55%, at 25,893.54 on Friday, April 10; the Hang Seng Tech Index closed up 38.59 points, or 0.8%, at 4,860.26; the H-share Index closed up 43.21 points, or 0.5%, at 8,655.04; and the Red Chip Index closed up 31.31 points, or 0.74%, at 4,287.51.On April 10th, a spokesperson for the China Securities Regulatory Commission (CSRC) answered reporters questions regarding the "Opinions on Deepening the Reform of the Growth Enterprise Market (GEM) to Better Serve the Development of New Productive Forces." The spokesperson stated that this reform adds a fourth set of listing standards for the GEM, combining growth and innovation indicators such as compound annual growth rate of revenue and R&D investment with market capitalization and revenue indicators to better support high-growth potential and outstanding innovation capabilities of high-quality enterprises. Specifically, there are two indicators: First, "expected market capitalization of not less than 3 billion yuan, operating revenue of not less than 200 million yuan in the most recent year, and a compound annual growth rate of revenue of not less than 30% in the past three years," primarily applicable to companies in emerging industries; second, "expected market capitalization of not less than 4 billion yuan, operating revenue of not less than 200 million yuan in the most recent year, and cumulative R&D investment of not less than 100 million yuan in the past three years, accounting for not less than 15% of revenue," primarily applicable to companies in future industries.

Will The Stock Market Crash Soon? This Leading Indicator Says Not Yet

Skylar Shaw

Jun 13, 2022 12:20

The S&P 500 plummeted 5% in only two days last week, marking the second biggest selloff since January 2022. After a break below the crucial support, the selloff escalated to the downside, as seen in the failure scenario in the video at the bottom of this piece.


Identifying The Demand Zone Using The Wyckoff Method


Despite the bearish characteristics in the S&P 500 last week, it is critical to understand how the smart money accumulates or distributes shares off the bottom in May 2022 in order to predict if a stock market crash similar to the global financial crisis in 2008 will occur soon, as explained in the video.


By properly understanding the leading indication – volume, demand may be discovered around the swing low around 3900 using the Wyckoff approach.


Although the highlighted bars in May 2022 were accompanied by considerable volume, they did not result in substantial negative movement. According to Wyckoff's law of efforts vs. outcomes, increased attempts (volume) to drive down the price but only making little downward progress indicated the existence of demand.


Between 3800 and 3960, a demand zone based on these four bars has been noted in green rectangle. The two succeeding up waves (as shown by the blue arrow) stuck at the axis zone, where the prior support-turned-resistance between 4100-4200 had previously stalled. As seen by the reduced volumes, this indicated a lack of strong demand to drive the price past the barrier (annotated in blue declining arrow).


Within the trading range of 4070-4200, there was possibility for supply absorption. However, instead of robust demand to launch the breakout to the higher, there was merely value buying around the support zone (4070-4100).



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