花花2019的个人主页 - 老虎社区

花花2019

花花2019

暂无个人介绍

IP属地：广东

15关注

12粉丝

16主题

0勋章

11-01

空仓躺平

07-15

升3%

07-15

我就静静地看着

07-10

冲啊

07-09

空仓哦

06-26

底盘太高，还巨亏

03-06

躺平封仓

02-08

带爸妈出去旅行

01-18

删软件

01-18

删软件

01-16

躺平了

01-11

[得意][得意]

01-10

拼赢拼多多再说

2023-12-20

明升实降

2023-12-20

加仓！

2023-12-16

每天看的B站，亏80%

2023-12-13

跌跌不休，啥时候是个头啊

2023-12-13

科技无敌

2023-12-13

吃瓜群众默默吃瓜

2021-12-13

😀

开盘：恒指高开1.03%，新股雍禾医疗开盘破发

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href=\"https://laohu8.com/S/00836\">华润电力</a>涨近4%；生物科技股、体育用品股、互联网医疗股、光伏股、建材水泥股等普遍上涨，<a href=\"https://laohu8.com/S/01833\">平安好医生</a>高开近5%，股份购回计划获批准；旅游及观光股下跌明显，手机概念股舜宇低开2.5%，航空股多数走低。</p>\n<p>新股<a href=\"https://laohu8.com/S/02279\">雍禾医疗</a>开盘破发，跌0.25%。</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/ff6e3231d788a5a6d28cf7965385cc7f","relate_stocks":{"159891":"医疗","513600":"恒生指数ETF","HSTECH":"恒生科技指数","02833":"恒指ETF","HSCCI":"红筹指数","HSCEI":"国企指数","HSI":"恒生指数"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1177393367","content_text":"12月13日讯，港股三大指数高开，恒指涨1.03%，国指涨1.09%，恒生科技指数涨0.9%。盘面上，大型科技股普涨，快手高开3.13%，阿里巴巴涨近3%，腾讯、美团、京东涨超1%，惟网易跌近2%；电力股集体高开，华能国际电力涨5%，华润电力涨近4%；生物科技股、体育用品股、互联网医疗股、光伏股、建材水泥股等普遍上涨，平安好医生高开近5%，股份购回计划获批准；旅游及观光股下跌明显，手机概念股舜宇低开2.5%，航空股多数走低。\n新股雍禾医疗开盘破发，跌0.25%。","news_type":1},"isVote":1,"tweetType":1,"viewCount":1921,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"hots":[{"id":978783257,"gmtCreate":1599473550079,"gmtModify":1703818580485,"author":{"id":"3522216220436507","authorId":"3522216220436507","name":"花花2019","avatar":"https://static.tigerbbs.com/764f1f38b05f17bbc1fd4d022023311d","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3522216220436507","authorIdStr":"3522216220436507"},"themes":[],"htmlText":"<a 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href=\"https://laohu8.com/S/XPEV\">$小鹏汽车(XPEV)$</a>申281股，没中。以为会雨露均沾呢…","listText":"<a href=\"https://laohu8.com/S/XPEV\">$小鹏汽车(XPEV)$</a>申281股，没中。以为会雨露均沾呢…","text":"$小鹏汽车(XPEV)$申281股，没中。以为会雨露均沾呢…","images":[{"img":"https://static.tigerbbs.com/5da334212b03b19a902374851da4f446","width":"750","height":"933"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/973217119","isVote":1,"tweetType":1,"viewCount":2200,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":822325362,"gmtCreate":1634093455618,"gmtModify":1634093455618,"author":{"id":"3522216220436507","authorId":"3522216220436507","name":"花花2019","avatar":"https://static.tigerbbs.com/764f1f38b05f17bbc1fd4d022023311d","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3522216220436507","authorIdStr":"3522216220436507"},"themes":[],"htmlText":"😣","listText":"😣","text":"😣","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/822325362","repostId":"1194703449","repostType":2,"repost":{"id":"1194703449","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1634086868,"share":"https://www.laohu8.com/m/news/1194703449?lang=&edition=full","pubTime":"2021-10-13 09:01","market":"us","language":"zh","title":"港交所取消早上交易时段，因八号暴风信号仍生效","url":"https://stock-news.laohu8.com/highlight/detail?id=1194703449","media":"老虎资讯综合","summary":"香港交易所：因八号暴风信号仍生效，港交所取消早上交易时段。\n上交所：沪港通下港股通今日暂停交易\n上交所公告，2021年10月13日，香港联合证券交易所因台风暂停交易。根据《上海证券交易所沪港通业务实施","content":"<p>香港交易所：因八号暴风信号仍生效，港交所取消早上交易时段。</p>\n<p><b>上交所：沪港通下港股通今日暂停交易</b></p>\n<p>上交所公告，2021年10月13日，香港联合证券交易所因台风暂停交易。根据《上海证券交易所沪港通业务实施办法》，沪港通下港股通暂停交易。港股通交易的清算交收事宜，根据中国证券登记结算有限责任公司的安排进行。</p>\n<p><b>深交所：深港通下的港股通今日暂停交易</b></p>\n<p>深交所公告，10月13日，港交所因台风暂停交易。深港通下的港股通暂停交易。港股通交易的清算交收事宜，按照中登公司的安排进行。</p>\n<p><b>今天并非沪深港通北向交易日。</b></p>\n<p>若八号或以上台风信号／极端情况警告于早上9时仍然生效，早上将暂停交易。</p>\n<p>若八号或以上台风信号／极端情况警告于中午12时或之前取消，香港交易所证券及衍生产品市场的产品将于下午恢复交易，并会在台风信号／极端情况警告解除约两小时后的整点或30分开始交易。</p>\n<p>若八号或以上台风信号／极端情况警告于中午12时仍然生效，证券及衍生产品市场将会全日暂停交易。</p>\n<p>香港交易所将于适当时候再发出公布。</p>\n<p><b>一文看懂：极端天气下 如何影响港股交易？</b></p>\n<p>在极端天气下，对港股市场交易的影响，一般分为四种情况。一)如果8号风球或黑暴天气在开市前时段开始前发出：</p>\n<p>1)上午7点之前解除警告，则全天交易正常。2)7:00至9:00解除警报的，集合竞价时段(香港称开市前时段)将被取消，警报解除两小时后的整点或30分钟开始交易。(例如，如果警报在上午 7:15解除，那么早上交易时段将在上午9:30开始。如果警报在上午7:30解除，那么早上交易时段将于上午9:30开始。)。</p>\n<p>3)9:00至11:00解除警报的，上午交易取消，13:00开始交易。4)11:00至11:30解除警报的，上午交易取消，13:30开始交易。5)11:30至12:00解除警报的，上午交易取消，14:00开始交易。6)12:00以后解除警报的，全天停止交易。<img src=\"https://static.tigerbbs.com/823989fd981efbb67f02d096c4a1e42f\" tg-width=\"550\" tg-height=\"270\" referrerpolicy=\"no-referrer\">二)如果8号风球或黑暴天气在开市前时段内发出：8号以上台风情况是证券市场交易将继续进行直至开市前时段结束为止，解除情况参考一)；如果是黑色暴雨警告信号，如果警告发出前已经交易，交易则继续进行直至收市。如果警告发出前没有任何交易，交易将于警告解除后恢复，解除情况参考一)。<img src=\"https://static.tigerbbs.com/e5c6a6a792170c70a111ac58c9a0726e\" tg-width=\"550\" tg-height=\"116\" referrerpolicy=\"no-referrer\">三)8号以上台风如果在早上交易时段或下午交易时段发出分两种情况：1)若信号/ 极端情况于下午3:45前(全日市)或上午11:45前(半日市)发出，交易于信号发出后15分钟停止。若下午3:45(全日市)或上午11:45(半日市)时仍未恢复交易，该交易日将不会有收市竞价交易时段。2)若信号/ 极端情况于下午3:45(全日市)或上午11:45(半日市)或之后发出，该交易日将维持正常直至收市竞价交易时段完结。<img src=\"https://static.tigerbbs.com/fcf52d37f49bba290d7fd6d7d45f3517\" tg-width=\"550\" tg-height=\"151\" referrerpolicy=\"no-referrer\">四)黑色暴雨警告于早上交易时段及下午交易时段内发出，若警告发出前已进行交易，交易将继续直至收市；若警告发出前没有进行任何交易，交易将于警告解除后恢复。详情请参照上表一)有关警告解除后恢复交易之安排。<img src=\"https://static.tigerbbs.com/e3f6e2f8014819cb3ba1f024244cb59f\" tg-width=\"550\" tg-height=\"107\" referrerpolicy=\"no-referrer\"></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>港交所取消早上交易时段，因八号暴风信号仍生效</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; 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margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n港交所取消早上交易时段，因八号暴风信号仍生效\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time\">2021-10-13 09:01</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>香港交易所：因八号暴风信号仍生效，港交所取消早上交易时段。</p>\n<p><b>上交所：沪港通下港股通今日暂停交易</b></p>\n<p>上交所公告，2021年10月13日，香港联合证券交易所因台风暂停交易。根据《上海证券交易所沪港通业务实施办法》，沪港通下港股通暂停交易。港股通交易的清算交收事宜，根据中国证券登记结算有限责任公司的安排进行。</p>\n<p><b>深交所：深港通下的港股通今日暂停交易</b></p>\n<p>深交所公告，10月13日，港交所因台风暂停交易。深港通下的港股通暂停交易。港股通交易的清算交收事宜，按照中登公司的安排进行。</p>\n<p><b>今天并非沪深港通北向交易日。</b></p>\n<p>若八号或以上台风信号／极端情况警告于早上9时仍然生效，早上将暂停交易。</p>\n<p>若八号或以上台风信号／极端情况警告于中午12时或之前取消，香港交易所证券及衍生产品市场的产品将于下午恢复交易，并会在台风信号／极端情况警告解除约两小时后的整点或30分开始交易。</p>\n<p>若八号或以上台风信号／极端情况警告于中午12时仍然生效，证券及衍生产品市场将会全日暂停交易。</p>\n<p>香港交易所将于适当时候再发出公布。</p>\n<p><b>一文看懂：极端天气下 如何影响港股交易？</b></p>\n<p>在极端天气下，对港股市场交易的影响，一般分为四种情况。一)如果8号风球或黑暴天气在开市前时段开始前发出：</p>\n<p>1)上午7点之前解除警告，则全天交易正常。2)7:00至9:00解除警报的，集合竞价时段(香港称开市前时段)将被取消，警报解除两小时后的整点或30分钟开始交易。(例如，如果警报在上午 7:15解除，那么早上交易时段将在上午9:30开始。如果警报在上午7:30解除，那么早上交易时段将于上午9:30开始。)。</p>\n<p>3)9:00至11:00解除警报的，上午交易取消，13:00开始交易。4)11:00至11:30解除警报的，上午交易取消，13:30开始交易。5)11:30至12:00解除警报的，上午交易取消，14:00开始交易。6)12:00以后解除警报的，全天停止交易。<img src=\"https://static.tigerbbs.com/823989fd981efbb67f02d096c4a1e42f\" tg-width=\"550\" tg-height=\"270\" referrerpolicy=\"no-referrer\">二)如果8号风球或黑暴天气在开市前时段内发出：8号以上台风情况是证券市场交易将继续进行直至开市前时段结束为止，解除情况参考一)；如果是黑色暴雨警告信号，如果警告发出前已经交易，交易则继续进行直至收市。如果警告发出前没有任何交易，交易将于警告解除后恢复，解除情况参考一)。<img src=\"https://static.tigerbbs.com/e5c6a6a792170c70a111ac58c9a0726e\" tg-width=\"550\" tg-height=\"116\" referrerpolicy=\"no-referrer\">三)8号以上台风如果在早上交易时段或下午交易时段发出分两种情况：1)若信号/ 极端情况于下午3:45前(全日市)或上午11:45前(半日市)发出，交易于信号发出后15分钟停止。若下午3:45(全日市)或上午11:45(半日市)时仍未恢复交易，该交易日将不会有收市竞价交易时段。2)若信号/ 极端情况于下午3:45(全日市)或上午11:45(半日市)或之后发出，该交易日将维持正常直至收市竞价交易时段完结。<img src=\"https://static.tigerbbs.com/fcf52d37f49bba290d7fd6d7d45f3517\" tg-width=\"550\" tg-height=\"151\" referrerpolicy=\"no-referrer\">四)黑色暴雨警告于早上交易时段及下午交易时段内发出，若警告发出前已进行交易，交易将继续直至收市；若警告发出前没有进行任何交易，交易将于警告解除后恢复。详情请参照上表一)有关警告解除后恢复交易之安排。<img src=\"https://static.tigerbbs.com/e3f6e2f8014819cb3ba1f024244cb59f\" tg-width=\"550\" tg-height=\"107\" referrerpolicy=\"no-referrer\"></p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/93cd9a1b7ca235b465c66943d1cfe6c9","relate_stocks":{"HSCCI":"红筹指数","HSTECH":"恒生科技指数","HSI":"恒生指数"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1194703449","content_text":"香港交易所：因八号暴风信号仍生效，港交所取消早上交易时段。\n上交所：沪港通下港股通今日暂停交易\n上交所公告，2021年10月13日，香港联合证券交易所因台风暂停交易。根据《上海证券交易所沪港通业务实施办法》，沪港通下港股通暂停交易。港股通交易的清算交收事宜，根据中国证券登记结算有限责任公司的安排进行。\n深交所：深港通下的港股通今日暂停交易\n深交所公告，10月13日，港交所因台风暂停交易。深港通下的港股通暂停交易。港股通交易的清算交收事宜，按照中登公司的安排进行。\n今天并非沪深港通北向交易日。\n若八号或以上台风信号／极端情况警告于早上9时仍然生效，早上将暂停交易。\n若八号或以上台风信号／极端情况警告于中午12时或之前取消，香港交易所证券及衍生产品市场的产品将于下午恢复交易，并会在台风信号／极端情况警告解除约两小时后的整点或30分开始交易。\n若八号或以上台风信号／极端情况警告于中午12时仍然生效，证券及衍生产品市场将会全日暂停交易。\n香港交易所将于适当时候再发出公布。\n一文看懂：极端天气下 如何影响港股交易？\n在极端天气下，对港股市场交易的影响，一般分为四种情况。一)如果8号风球或黑暴天气在开市前时段开始前发出：\n1)上午7点之前解除警告，则全天交易正常。2)7:00至9:00解除警报的，集合竞价时段(香港称开市前时段)将被取消，警报解除两小时后的整点或30分钟开始交易。(例如，如果警报在上午 7:15解除，那么早上交易时段将在上午9:30开始。如果警报在上午7:30解除，那么早上交易时段将于上午9:30开始。)。\n3)9:00至11:00解除警报的，上午交易取消，13:00开始交易。4)11:00至11:30解除警报的，上午交易取消，13:30开始交易。5)11:30至12:00解除警报的，上午交易取消，14:00开始交易。6)12:00以后解除警报的，全天停止交易。二)如果8号风球或黑暴天气在开市前时段内发出：8号以上台风情况是证券市场交易将继续进行直至开市前时段结束为止，解除情况参考一)；如果是黑色暴雨警告信号，如果警告发出前已经交易，交易则继续进行直至收市。如果警告发出前没有任何交易，交易将于警告解除后恢复，解除情况参考一)。三)8号以上台风如果在早上交易时段或下午交易时段发出分两种情况：1)若信号/ 极端情况于下午3:45前(全日市)或上午11:45前(半日市)发出，交易于信号发出后15分钟停止。若下午3:45(全日市)或上午11:45(半日市)时仍未恢复交易，该交易日将不会有收市竞价交易时段。2)若信号/ 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在“2020上半年投资大复盘”主题下发帖，或者题目中包含“2020上半年投资大复盘”等关键字 。 写什么？虎友们可以自由发挥！如果没有现成的idea，也可以参考以下模版： 回顾2020上半年的投资记录，有什么心得感悟？ 2020上半年，你的收益如何？交易过哪些股票？你曾做了哪些“神操作”？ 2020上半年，哪次失败的投资让你记忆犹新？为什么？ 2020年下半年，你的期望收益率是多少？ 2020年下半年，你最看好哪个行业？你的投资策略又是什么？ 友情提示：篇幅长的虎友可以在发帖时选择“写长帖’ 也可以使用老虎社区网页发帖可支持多图及长文格式哦：www.laohu8.com 【活动奖品】 一等奖：下半年的佣金我们包了 二等奖：两个月的佣金我们包了 三等奖：一个月的佣金我们包了 除此之外，我们还会为参与复盘活动的虎友中随机选出50名征文内容优质的幸运虎友打赏300虎币。 【评奖规则】 客观评分（50%）：根据文章的字数、阅读、转发、评论、点赞数量； 主观评分（50%）：根据文章质量进行评审打分 【奖品发放细则】 我们将在活动结束10个工作日内，公布中奖用户名单，并在公布获奖名单","listText":"2020年上半年，随着新冠病毒的全球蔓延，资本市场风起云涌，值此历史时刻，小虎君想在这里号召虎友们分享自己的2020上半年投资大复盘。至于奖励吗？还是那句话：你下半年的佣金，我们包了！2020上半年我们一起见证了很多历史，疫情爆发叠加油价下跌带来的股灾，纳斯达克指数一个月就暴跌了30%，美股十天熔断了四次，股神都高喊“活久见”，然而就当大家以为美股十二年大牛市即将结束时，纳指又在不经意间反弹超40%，创下历史新高！在这样暴涨暴跌的行情下，相信有不少虎友想要分享一下自己的投资感悟，小虎君想在这里号召虎友们分享自己的2020上半年投资大复盘，赢取半年度免佣卡！不管前浪后浪，一起乘风破浪，奥利给！ 【参与方式】 在“2020上半年投资大复盘”主题下发帖，或者题目中包含“2020上半年投资大复盘”等关键字 。 写什么？虎友们可以自由发挥！如果没有现成的idea，也可以参考以下模版： 回顾2020上半年的投资记录，有什么心得感悟？ 2020上半年，你的收益如何？交易过哪些股票？你曾做了哪些“神操作”？ 2020上半年，哪次失败的投资让你记忆犹新？为什么？ 2020年下半年，你的期望收益率是多少？ 2020年下半年，你最看好哪个行业？你的投资策略又是什么？ 友情提示：篇幅长的虎友可以在发帖时选择“写长帖’ 也可以使用老虎社区网页发帖可支持多图及长文格式哦：www.laohu8.com 【活动奖品】 一等奖：下半年的佣金我们包了 二等奖：两个月的佣金我们包了 三等奖：一个月的佣金我们包了 除此之外，我们还会为参与复盘活动的虎友中随机选出50名征文内容优质的幸运虎友打赏300虎币。 【评奖规则】 客观评分（50%）：根据文章的字数、阅读、转发、评论、点赞数量； 主观评分（50%）：根据文章质量进行评审打分 【奖品发放细则】 我们将在活动结束10个工作日内，公布中奖用户名单，并在公布获奖名单","text":"2020年上半年，随着新冠病毒的全球蔓延，资本市场风起云涌，值此历史时刻，小虎君想在这里号召虎友们分享自己的2020上半年投资大复盘。至于奖励吗？还是那句话：你下半年的佣金，我们包了！2020上半年我们一起见证了很多历史，疫情爆发叠加油价下跌带来的股灾，纳斯达克指数一个月就暴跌了30%，美股十天熔断了四次，股神都高喊“活久见”，然而就当大家以为美股十二年大牛市即将结束时，纳指又在不经意间反弹超40%，创下历史新高！在这样暴涨暴跌的行情下，相信有不少虎友想要分享一下自己的投资感悟，小虎君想在这里号召虎友们分享自己的2020上半年投资大复盘，赢取半年度免佣卡！不管前浪后浪，一起乘风破浪，奥利给！ 【参与方式】 在“2020上半年投资大复盘”主题下发帖，或者题目中包含“2020上半年投资大复盘”等关键字 。 写什么？虎友们可以自由发挥！如果没有现成的idea，也可以参考以下模版： 回顾2020上半年的投资记录，有什么心得感悟？ 2020上半年，你的收益如何？交易过哪些股票？你曾做了哪些“神操作”？ 2020上半年，哪次失败的投资让你记忆犹新？为什么？ 2020年下半年，你的期望收益率是多少？ 2020年下半年，你最看好哪个行业？你的投资策略又是什么？ 友情提示：篇幅长的虎友可以在发帖时选择“写长帖’ 也可以使用老虎社区网页发帖可支持多图及长文格式哦：www.laohu8.com 【活动奖品】 一等奖：下半年的佣金我们包了 二等奖：两个月的佣金我们包了 三等奖：一个月的佣金我们包了 除此之外，我们还会为参与复盘活动的虎友中随机选出50名征文内容优质的幸运虎友打赏300虎币。 【评奖规则】 客观评分（50%）：根据文章的字数、阅读、转发、评论、点赞数量； 主观评分（50%）：根据文章质量进行评审打分 【奖品发放细则】 我们将在活动结束10个工作日内，公布中奖用户名单，并在公布获奖名单","images":[{"img":"https://static.tigerbbs.com/7e725853a338746119b3ca2faa4c2bf3","width":"551","height":"404"},{"img":"https://static.tigerbbs.com/ca851cf7bce09960b7dd30c561b5fa2a","width":"485","height":"333"},{"img":"https://static.tigerbbs.com/a200dd2fb674735c164815d1aa694988","width":"796","height":"608"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/957534372","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":5,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":1662,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":957825400,"gmtCreate":1593393392800,"gmtModify":1704201771599,"author":{"id":"3522216220436507","authorId":"3522216220436507","name":"花花2019","avatar":"https://static.tigerbbs.com/764f1f38b05f17bbc1fd4d022023311d","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3522216220436507","authorIdStr":"3522216220436507"},"themes":[],"htmlText":"谢谢老虎赏饭吃！<a target=\"_blank\" href=\"https://laohu8.com/S/06078\">$海吉亚医疗(06078)$</a>","listText":"谢谢老虎赏饭吃！<a target=\"_blank\" href=\"https://laohu8.com/S/06078\">$海吉亚医疗(06078)$</a>","text":"谢谢老虎赏饭吃！$海吉亚医疗(06078)$","images":[{"img":"https://static.tigerbbs.com/c3e5e96c49ee2e6797e3b6df490798d0","width":"750","height":"1068"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/957825400","isVote":1,"tweetType":1,"viewCount":1025,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":919239107,"gmtCreate":1576721187509,"gmtModify":1704272314703,"author":{"id":"3522216220436507","authorId":"3522216220436507","name":"花花2019","avatar":"https://static.tigerbbs.com/764f1f38b05f17bbc1fd4d022023311d","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3522216220436507","authorIdStr":"3522216220436507"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/06049\">$保利物业(06049)$</a>终于把之前打新亏的都赚回来了","listText":"<a href=\"https://laohu8.com/S/06049\">$保利物业(06049)$</a>终于把之前打新亏的都赚回来了","text":"$保利物业(06049)$终于把之前打新亏的都赚回来了","images":[{"img":"https://static.tigerbbs.com/36742d670dfabb2d00c9c6eb8dfeeb7e","width":"750","height":"1068"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/919239107","isVote":1,"tweetType":1,"viewCount":1057,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":604140120,"gmtCreate":1639362493987,"gmtModify":1639362493987,"author":{"id":"3522216220436507","authorId":"3522216220436507","name":"花花2019","avatar":"https://static.tigerbbs.com/764f1f38b05f17bbc1fd4d022023311d","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3522216220436507","authorIdStr":"3522216220436507"},"themes":[],"htmlText":"😀","listText":"😀","text":"😀","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/604140120","repostId":"1177393367","repostType":2,"repost":{"id":"1177393367","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1639358448,"share":"https://www.laohu8.com/m/news/1177393367?lang=&edition=full","pubTime":"2021-12-13 09:20","market":"us","language":"zh","title":"开盘：恒指高开1.03%，新股雍禾医疗开盘破发","url":"https://stock-news.laohu8.com/highlight/detail?id=1177393367","media":"老虎资讯综合","summary":"12月13日讯，港股三大指数高开，恒指涨1.03%，国指涨1.09%，恒生科技指数涨0.9%。盘面上，大型科技股普涨，快手高开3.13%，阿里巴巴涨近3%，腾讯、美团、京东涨超1%，惟网易跌近2%；电","content":"<p>12月13日讯，港股三大指数高开，恒指涨1.03%，国指涨1.09%，恒生科技指数涨0.9%。<img src=\"https://static.tigerbbs.com/e02fd9bf26ef7de3193f7717a4010cbc\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\">盘面上，大型科技股普涨，快手高开3.13%，<a href=\"https://laohu8.com/S/09988\">阿里巴巴</a>涨近3%，<a href=\"https://laohu8.com/S/00700\">腾讯</a>、美团、<a href=\"https://laohu8.com/S/09618\">京东</a>涨超1%，惟<a href=\"https://laohu8.com/S/09999\">网易</a>跌近2%；电力股集体高开，<a href=\"https://laohu8.com/S/600011\">华能国际</a>电力涨5%，<a href=\"https://laohu8.com/S/00836\">华润电力</a>涨近4%；生物科技股、体育用品股、互联网医疗股、光伏股、建材水泥股等普遍上涨，<a href=\"https://laohu8.com/S/01833\">平安好医生</a>高开近5%，股份购回计划获批准；旅游及观光股下跌明显，手机概念股舜宇低开2.5%，航空股多数走低。</p>\n<p>新股<a href=\"https://laohu8.com/S/02279\">雍禾医疗</a>开盘破发，跌0.25%。</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>开盘：恒指高开1.03%，新股雍禾医疗开盘破发</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; 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8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n开盘：恒指高开1.03%，新股雍禾医疗开盘破发\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time\">2021-12-13 09:20</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>12月13日讯，港股三大指数高开，恒指涨1.03%，国指涨1.09%，恒生科技指数涨0.9%。<img src=\"https://static.tigerbbs.com/e02fd9bf26ef7de3193f7717a4010cbc\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\">盘面上，大型科技股普涨，快手高开3.13%，<a href=\"https://laohu8.com/S/09988\">阿里巴巴</a>涨近3%，<a href=\"https://laohu8.com/S/00700\">腾讯</a>、美团、<a href=\"https://laohu8.com/S/09618\">京东</a>涨超1%，惟<a href=\"https://laohu8.com/S/09999\">网易</a>跌近2%；电力股集体高开，<a href=\"https://laohu8.com/S/600011\">华能国际</a>电力涨5%，<a href=\"https://laohu8.com/S/00836\">华润电力</a>涨近4%；生物科技股、体育用品股、互联网医疗股、光伏股、建材水泥股等普遍上涨，<a href=\"https://laohu8.com/S/01833\">平安好医生</a>高开近5%，股份购回计划获批准；旅游及观光股下跌明显，手机概念股舜宇低开2.5%，航空股多数走低。</p>\n<p>新股<a href=\"https://laohu8.com/S/02279\">雍禾医疗</a>开盘破发，跌0.25%。</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/ff6e3231d788a5a6d28cf7965385cc7f","relate_stocks":{"159891":"医疗","513600":"恒生指数ETF","HSTECH":"恒生科技指数","02833":"恒指ETF","HSCCI":"红筹指数","HSCEI":"国企指数","HSI":"恒生指数"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1177393367","content_text":"12月13日讯，港股三大指数高开，恒指涨1.03%，国指涨1.09%，恒生科技指数涨0.9%。盘面上，大型科技股普涨，快手高开3.13%，阿里巴巴涨近3%，腾讯、美团、京东涨超1%，惟网易跌近2%；电力股集体高开，华能国际电力涨5%，华润电力涨近4%；生物科技股、体育用品股、互联网医疗股、光伏股、建材水泥股等普遍上涨，平安好医生高开近5%，股份购回计划获批准；旅游及观光股下跌明显，手机概念股舜宇低开2.5%，航空股多数走低。\n新股雍禾医疗开盘破发，跌0.25%。","news_type":1},"isVote":1,"tweetType":1,"viewCount":1921,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":817917050,"gmtCreate":1630897232170,"gmtModify":1630897232170,"author":{"id":"3522216220436507","authorId":"3522216220436507","name":"花花2019","avatar":"https://static.tigerbbs.com/764f1f38b05f17bbc1fd4d022023311d","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3522216220436507","authorIdStr":"3522216220436507"},"themes":[],"htmlText":"[微笑]&nbsp;","listText":"[微笑]&nbsp;","text":"[微笑]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/817917050","repostId":"1103617448","repostType":2,"repost":{"id":"1103617448","pubTimestamp":1630893800,"share":"https://www.laohu8.com/m/news/1103617448?lang=&edition=full","pubTime":"2021-09-06 10:03","market":"sh","language":"zh","title":"北京证券交易所来了！谁的“大肉”，谁的“汤”？","url":"https://stock-news.laohu8.com/highlight/detail?id=1103617448","media":"海清FICC频道","summary":"9月2日晚，中央宣布将深化新三板改革，设立北京证券交易所，打造服务创新型中小企业主阵地。\n一、设立北京证券交易所是大国博弈、“科技兴邦”的战略抉择\n当前，一场以数字经济、芯片、人工智能、新能源技术、太","content":"<p>9月2日晚，中央宣布将深化新三板改革，设立北京证券交易所，打造服务创新型中小企业主阵地。</p>\n<p><b>一、设立北京证券交易所是大国博弈、“科技兴邦”的战略抉择</b></p>\n<p>当前，一场以数字经济、芯片、人工智能、新能源技术、太空探索技术、生物医药技术为引领的科技革命正在到来。</p>\n<p><b>在中国经济高质量发展、产业转型升级和全球产业竞争中，科技创新的竞争是核心。</b>中国能否在这一场科技竞争中取得先发优势，不仅仅决定了中国能否解决关键技术“卡脖子”的短期问题，还决定了未来谁是全球产业经济的“领头羊”、21世纪是谁的世纪的长期问题。</p>\n<p><b>从历史上大国崛起的过程来看，科技是根本驱动力：</b></p>\n<p>英国借助蒸汽机的领先优势率先开始了第一次工业革命，成为世界霸主；</p>\n<p>美德在内燃机、电气化领域弯道超车超过英国，引领了第二次工业革命，取代了英国的地位；</p>\n<p>二战后美国在原子能、生物医药、航空航天、计算机等领域引领了第三次工业革命，进一步巩固了其全球科技领头羊地位和世界霸主地位。</p>\n<p><b>在上世纪八九十年代的美日贸易战中，除了“广场协议”这一表面因素和直接诱因外，美国最终能够胜过日本的关键也在于两国在经济发展驱动力选择上的根本差异：</b></p>\n<p>日本因循传统的主办银行制度，支持传统的大型制造业企业和房地产行业发展，其金融体制不适应科技创新的需要。在广场协议后，日元升值、出口受挫，日本更是直接通过货币大放水刺激起股市泡沫和房市泡沫，催生出“虚假的繁荣”。</p>\n<p>美国通过纳斯达克市场为科技创新企业提供便利的融资环境，硅谷发展起来，培育了一大批后来的互联网企业。</p>\n<p>到了九十年代，日本房市和股市泡沫破裂，经济陷入“失去的二十年”；美国厚积薄发，互联网革命兴起，出现“新经济繁荣”。日本在美日竞争中彻底出局。</p>\n<p><b>大国博弈，科技定乾坤！科技是第一生产力，是大国崛起和全球竞争的关键。</b></p>\n<p><b>金融是实体的血液，科技竞争，金融先行。哪个国家的资本市场更能服务创新，更能为高科技企业融资和发展提供便利，哪个国家的科技创新就更有可能快速进步，同时还能吸引其他国家和地区的高科技企业来本地上市。</b></p>\n<p><b>近年来美国纳斯达克也在不断进行制度创新，为中小科创企业上市提供更便捷的政策机制设计。</b>比如，近年来美国股市出现许多特殊目的收购公司（SPAC），成为许多企业借壳上市的“终南捷径”。其操作模式是：第一步，成立一个SPAC公司，向监管机构申请发股募资，但此时发起人持有的股票只能在限定市场上单独交易；第二步，在18~24个月内，管理团队找到一家可以收购的目标公司，全体股东投票，多数同意后完成收购，合并成新公司，股票就可以正式上市交易。发起人持有的股票等锁定期一过，就可以退出套现。SPAC模式能够让企业在短时间内实现上市，成本也比IPO、买壳上市/借壳上市更低。</p>\n<p><b>如今中国决策层已经彻底下定决心转型，告别以城镇化红利为基础的“房地产+土地财政”旧模式，塑造“硬科技+绿色低碳+支持民企小微”为三大支柱的新增长模式。</b></p>\n<p><b>为承接上述发展战略转型，目前国内需要一个聚焦服务创新型中小企业、承担培育一批专精特新中小企业使命的交易所，北京证券交易所的出现适应了时代的需要，也响应了全球科技竞争的需求。</b></p>\n<p><b>二、北京证券交易所并非“凭空出世”，而是北京长期以来科技创新支持政策内生进化的结果</b></p>\n<p>北京是中国创新企业和金融资源高度集中的城市，纵观北京科技创新领域的政策演进路径可以发现，<b>在每一个重要的历史关口，北京都推出了重大的政策和制度创新：</b></p>\n<p>在上世纪八九十年代，随着美国互联网科技产业兴起，北京建立了<a href=\"https://laohu8.com/S/000931\">中关村</a>，成为我国科教智力和人才资源最为密集的区域，被称为“中国硅谷”。</p>\n<p>2006年，中关村科技园区非上市股份公司进入代办转让系统进行股份报价转让，称为“新三板”。</p>\n<p>2020年7月27日，新三板精选层设立暨首批企业晋层仪式在全国股转公司挂牌大厅举行，首批32家公司已全部完成公开发行程序，精选层正式设立并开市交易。</p>\n<p><b>如今，在精选层进行了一年多的试点的基础上，以精选层为基础组建北京证券交易所，可谓“水到渠成”。</b></p>\n<p><b>从北京产业转型升级的方向来看，数字经济、科技创新是重要的支撑，北京证券交易所的设立，对于<a href=\"https://laohu8.com/S/00925\">北京建设</a>具有全球影响力的金融中心、科技创新中心具有重大意义。</b></p>\n<p><b>三、北京证券交易所最值得期待的是制度建设能否再做突破创新</b></p>\n<p><b>中国已有沪深两大交易所，设立北京证券交易所的最大看点并不是又多了一家交易所，其最值得期待的是未来还会有哪些制度创新！</b></p>\n<p>此前很长一段时间，中国股市没有实行注册制、无法让同股不同权的企业上市、无法让未盈利的高科技企业上市。科创板的推出解决了注册制的问题，同时为未盈利的高科技企业上市创造了条件。北京证券交易所进一步放宽了创新型中小企业上升的市值、财务条件，企业上市融资更加便捷。</p>\n<p><b>从目前监管披露的信息来看，北京证券交易所的初期规划是新三板的延伸：</b>以现有的新三板精选层为基础组建北京证券交易所，总体平移精选层各项基础制度，坚持北京证券交易所上市公司由创新层公司产生，维持新三板基础层、创新层与北京证券交易所“层层递进”的市场结构，同步试点证券发行注册制。</p>\n<p>此前新三板精选层也设计了向科创板、创业板转板上市的制度，但成功转板上市的企业有限。以现有的新三板精选层为基础组建北京证券交易所，不仅有利于增强新三板挂牌企业股权的流动性和上市渠道，还是为了“打造服务创新型中小企业主阵地”，“培育一批专精特新中小企业”。</p>\n<p><b>从新三板精选层和科创板挂牌/上市的条件和门槛来看，精选层的对企业市值条件、财务条件的要求更加宽松，更有利于中小科创企业的上市。</b></p>\n<p><b>未来北京证券交易所是否能有更多的制度创新？能否进一步推动中国股票市场的改革进程？值得我们期待。</b></p>\n<p><img src=\"https://static.tigerbbs.com/24adac74431844c001244acdf21f3ca0\" tg-width=\"892\" tg-height=\"853\" width=\"100%\" height=\"auto\"></p>\n<p><b>四、北京证券交易所的设立将带来PE基金行业的颠覆性变革</b></p>\n<p>北京证券交易所的设立，有利于创新型中小企业上市，活跃股票交易市场，有利于券商承销业务和经纪业务收入增长，因此，周五开盘后券商股集体大涨。</p>\n<p>但我们认为，<b>北京证券交易所的设立对券商股的利好非常有限，充其量也就是喝点“汤”。北京证券交易所设立的最大受益者或者说“吃肉的”是PE/VC基金，一级PE基金黄金时代可期待来临。</b></p>\n<p>过去 PE/VC投资的退出渠道比较匮乏，基本上需要等到被投企业IPO上市后才能顺畅地退出。但以前企业在A股上市门槛高、周期长，而一般的PE基金的存续期限往往只有3—7年。</p>\n<p>为了保证在基金存续期结束时能够顺利退出、给投资人兑现收益，中国的PE基金往往只能陪跑“后半场”，在企业成长到一定规模、能够在较短的时间内上市时才介入；部分企业在中国面临上市难的问题，最后会选择VIE架构去美国或香港上市，让PE基金得以退出。</p>\n<p><b>随着科创板推出、创业板注册制改革、北京证券交易所设立，创新型中小企业上市更加便捷，条件放宽，可以在企业发展的较早阶段上市，能够缓解过去PE基金产品期限和被投公司上市期限不匹配的难题，改变中国PE基金扎堆投pre-IPO或临近上市轮现象。创新型中小企业上市不再需要完整走完天使轮—A轮—B轮—C轮—D轮—……—IPO的漫长过程，从而促使更多的PE基金在投资端前移，也可以促进VC投资的发展。</b></p>\n<p><b>北京证券交易所的设立，还改变了一级市场PE基金生存的底层逻辑，未来将颠覆目前的行业生态。</b>目前的PE、VC市场，呈现出两极分化的状态：一大批初创企业争相求着头部PE基金投资，而一大批中小PE基金则求着明星项目要份额；头部PE基金募资能力强，中小PE基金若无特殊资源则很难找到LP。未来创新型中小企业上市更加容易，有利于专业化、特色型中小PE基金的生存发展，有望改变头部大型PE基金垄断主导权的行业生态。</p>","source":"lsy1568619116533","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta 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color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n北京证券交易所来了！谁的“大肉”，谁的“汤”？\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-06 10:03 北京时间&nbsp;&nbsp;&nbsp;<a href=https://mp.weixin.qq.com/s/lqSPqmgOxaUC0SuD0zmyPQ><strong>海清FICC频道</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>9月2日晚，中央宣布将深化新三板改革，设立北京证券交易所，打造服务创新型中小企业主阵地。\n一、设立北京证券交易所是大国博弈、“科技兴邦”的战略抉择\n当前，一场以数字经济、芯片、人工智能、新能源技术、太空探索技术、生物医药技术为引领的科技革命正在到来。\n在中国经济高质量发展、产业转型升级和全球产业竞争中，科技创新的竞争是核心。中国能否在这一场科技竞争中取得先发优势，不仅仅决定了中国能否解决关键技术“...</p>\n\n<a href=\"https://mp.weixin.qq.com/s/lqSPqmgOxaUC0SuD0zmyPQ\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/f5481d622d7bc535b67b2738f86cc0db","relate_stocks":{"399001":"深证成指","399006":"创业板指","000001.SH":"上证指数"},"source_url":"https://mp.weixin.qq.com/s/lqSPqmgOxaUC0SuD0zmyPQ","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1103617448","content_text":"9月2日晚，中央宣布将深化新三板改革，设立北京证券交易所，打造服务创新型中小企业主阵地。\n一、设立北京证券交易所是大国博弈、“科技兴邦”的战略抉择\n当前，一场以数字经济、芯片、人工智能、新能源技术、太空探索技术、生物医药技术为引领的科技革命正在到来。\n在中国经济高质量发展、产业转型升级和全球产业竞争中，科技创新的竞争是核心。中国能否在这一场科技竞争中取得先发优势，不仅仅决定了中国能否解决关键技术“卡脖子”的短期问题，还决定了未来谁是全球产业经济的“领头羊”、21世纪是谁的世纪的长期问题。\n从历史上大国崛起的过程来看，科技是根本驱动力：\n英国借助蒸汽机的领先优势率先开始了第一次工业革命，成为世界霸主；\n美德在内燃机、电气化领域弯道超车超过英国，引领了第二次工业革命，取代了英国的地位；\n二战后美国在原子能、生物医药、航空航天、计算机等领域引领了第三次工业革命，进一步巩固了其全球科技领头羊地位和世界霸主地位。\n在上世纪八九十年代的美日贸易战中，除了“广场协议”这一表面因素和直接诱因外，美国最终能够胜过日本的关键也在于两国在经济发展驱动力选择上的根本差异：\n日本因循传统的主办银行制度，支持传统的大型制造业企业和房地产行业发展，其金融体制不适应科技创新的需要。在广场协议后，日元升值、出口受挫，日本更是直接通过货币大放水刺激起股市泡沫和房市泡沫，催生出“虚假的繁荣”。\n美国通过纳斯达克市场为科技创新企业提供便利的融资环境，硅谷发展起来，培育了一大批后来的互联网企业。\n到了九十年代，日本房市和股市泡沫破裂，经济陷入“失去的二十年”；美国厚积薄发，互联网革命兴起，出现“新经济繁荣”。日本在美日竞争中彻底出局。\n大国博弈，科技定乾坤！科技是第一生产力，是大国崛起和全球竞争的关键。\n金融是实体的血液，科技竞争，金融先行。哪个国家的资本市场更能服务创新，更能为高科技企业融资和发展提供便利，哪个国家的科技创新就更有可能快速进步，同时还能吸引其他国家和地区的高科技企业来本地上市。\n近年来美国纳斯达克也在不断进行制度创新，为中小科创企业上市提供更便捷的政策机制设计。比如，近年来美国股市出现许多特殊目的收购公司（SPAC），成为许多企业借壳上市的“终南捷径”。其操作模式是：第一步，成立一个SPAC公司，向监管机构申请发股募资，但此时发起人持有的股票只能在限定市场上单独交易；第二步，在18~24个月内，管理团队找到一家可以收购的目标公司，全体股东投票，多数同意后完成收购，合并成新公司，股票就可以正式上市交易。发起人持有的股票等锁定期一过，就可以退出套现。SPAC模式能够让企业在短时间内实现上市，成本也比IPO、买壳上市/借壳上市更低。\n如今中国决策层已经彻底下定决心转型，告别以城镇化红利为基础的“房地产+土地财政”旧模式，塑造“硬科技+绿色低碳+支持民企小微”为三大支柱的新增长模式。\n为承接上述发展战略转型，目前国内需要一个聚焦服务创新型中小企业、承担培育一批专精特新中小企业使命的交易所，北京证券交易所的出现适应了时代的需要，也响应了全球科技竞争的需求。\n二、北京证券交易所并非“凭空出世”，而是北京长期以来科技创新支持政策内生进化的结果\n北京是中国创新企业和金融资源高度集中的城市，纵观北京科技创新领域的政策演进路径可以发现，在每一个重要的历史关口，北京都推出了重大的政策和制度创新：\n在上世纪八九十年代，随着美国互联网科技产业兴起，北京建立了中关村，成为我国科教智力和人才资源最为密集的区域，被称为“中国硅谷”。\n2006年，中关村科技园区非上市股份公司进入代办转让系统进行股份报价转让，称为“新三板”。\n2020年7月27日，新三板精选层设立暨首批企业晋层仪式在全国股转公司挂牌大厅举行，首批32家公司已全部完成公开发行程序，精选层正式设立并开市交易。\n如今，在精选层进行了一年多的试点的基础上，以精选层为基础组建北京证券交易所，可谓“水到渠成”。\n从北京产业转型升级的方向来看，数字经济、科技创新是重要的支撑，北京证券交易所的设立，对于北京建设具有全球影响力的金融中心、科技创新中心具有重大意义。\n三、北京证券交易所最值得期待的是制度建设能否再做突破创新\n中国已有沪深两大交易所，设立北京证券交易所的最大看点并不是又多了一家交易所，其最值得期待的是未来还会有哪些制度创新！\n此前很长一段时间，中国股市没有实行注册制、无法让同股不同权的企业上市、无法让未盈利的高科技企业上市。科创板的推出解决了注册制的问题，同时为未盈利的高科技企业上市创造了条件。北京证券交易所进一步放宽了创新型中小企业上升的市值、财务条件，企业上市融资更加便捷。\n从目前监管披露的信息来看，北京证券交易所的初期规划是新三板的延伸：以现有的新三板精选层为基础组建北京证券交易所，总体平移精选层各项基础制度，坚持北京证券交易所上市公司由创新层公司产生，维持新三板基础层、创新层与北京证券交易所“层层递进”的市场结构，同步试点证券发行注册制。\n此前新三板精选层也设计了向科创板、创业板转板上市的制度，但成功转板上市的企业有限。以现有的新三板精选层为基础组建北京证券交易所，不仅有利于增强新三板挂牌企业股权的流动性和上市渠道，还是为了“打造服务创新型中小企业主阵地”，“培育一批专精特新中小企业”。\n从新三板精选层和科创板挂牌/上市的条件和门槛来看，精选层的对企业市值条件、财务条件的要求更加宽松，更有利于中小科创企业的上市。\n未来北京证券交易所是否能有更多的制度创新？能否进一步推动中国股票市场的改革进程？值得我们期待。\n\n四、北京证券交易所的设立将带来PE基金行业的颠覆性变革\n北京证券交易所的设立，有利于创新型中小企业上市，活跃股票交易市场，有利于券商承销业务和经纪业务收入增长，因此，周五开盘后券商股集体大涨。\n但我们认为，北京证券交易所的设立对券商股的利好非常有限，充其量也就是喝点“汤”。北京证券交易所设立的最大受益者或者说“吃肉的”是PE/VC基金，一级PE基金黄金时代可期待来临。\n过去 PE/VC投资的退出渠道比较匮乏，基本上需要等到被投企业IPO上市后才能顺畅地退出。但以前企业在A股上市门槛高、周期长，而一般的PE基金的存续期限往往只有3—7年。\n为了保证在基金存续期结束时能够顺利退出、给投资人兑现收益，中国的PE基金往往只能陪跑“后半场”，在企业成长到一定规模、能够在较短的时间内上市时才介入；部分企业在中国面临上市难的问题，最后会选择VIE架构去美国或香港上市，让PE基金得以退出。\n随着科创板推出、创业板注册制改革、北京证券交易所设立，创新型中小企业上市更加便捷，条件放宽，可以在企业发展的较早阶段上市，能够缓解过去PE基金产品期限和被投公司上市期限不匹配的难题，改变中国PE基金扎堆投pre-IPO或临近上市轮现象。创新型中小企业上市不再需要完整走完天使轮—A轮—B轮—C轮—D轮—……—IPO的漫长过程，从而促使更多的PE基金在投资端前移，也可以促进VC投资的发展。\n北京证券交易所的设立，还改变了一级市场PE基金生存的底层逻辑，未来将颠覆目前的行业生态。目前的PE、VC市场，呈现出两极分化的状态：一大批初创企业争相求着头部PE基金投资，而一大批中小PE基金则求着明星项目要份额；头部PE基金募资能力强，中小PE基金若无特殊资源则很难找到LP。未来创新型中小企业上市更加容易，有利于专业化、特色型中小PE基金的生存发展，有望改变头部大型PE基金垄断主导权的行业生态。","news_type":1},"isVote":1,"tweetType":1,"viewCount":3077,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":356989322,"gmtCreate":1616748527866,"gmtModify":1616748527866,"author":{"id":"3522216220436507","authorId":"3522216220436507","name":"花花2019","avatar":"https://static.tigerbbs.com/764f1f38b05f17bbc1fd4d022023311d","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3522216220436507","authorIdStr":"3522216220436507"},"themes":[],"htmlText":"小破站，加油！","listText":"小破站，加油！","text":"小破站，加油！","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/356989322","repostId":"327336291","repostType":1,"repost":{"id":327336291,"gmtCreate":1616057895011,"gmtModify":1703496993621,"author":{"id":"36984908995200","authorId":"36984908995200","name":"小虎活动","avatar":"https://static.tigerbbs.com/9e396d03155923b283948d2dec9191f8","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"36984908995200","authorIdStr":"36984908995200"},"themes":[],"title":"【有奖活动】B站打卡，赢周边好礼","htmlText":"只有你想不到，没有B站找不到。 从令人捧腹大笑的搞笑视频，到引人深思的社会百态；从一人千面的美妆博主，到逛遍世界的豪宅揭秘；从“法外狂徒”张三，到“复旦之花”老番茄…… 世上能人千千万，B站up占一半。即将迎来二次上市的B站，再也不是当年的“小破站”！ PS：B站打新渠道已开，欢迎大家围观申购~ <a href=\"https://r.tigerbbs.com/lrg7\" target=\"_blank\">戳我参与申购</a> 虎友们，请听好，我们的活动来喽~ 即日起，我们邀请大家参与“B站打卡，赢周边好礼”活动，拿起手机、相机，随手记录和B站有关的事儿或内容，如喜欢的B站up主或视频、B站持仓分享、B站股票分析…… 只要你认为和B站有关，好玩的、好笑的、好看的内容，都可以随手记录，并和虎友们一起分享噢~ 【征集时间】 即日起-3月31日 【活动奖励】 周边奖励：神秘B站周边 参与奖励：66虎币 【参与方式】 在本贴“留言并转发”参与活动，包含图片+内容即可； 选择发贴的方式参与活动，主题需要选择“随手拍张照”，帖子中需要包含图片+内容（如果照片大于3张，可以选择发长贴） 当然视频也可以，攻略奉上：<a href=\"https://www.laohu8.com/post/975611127\" target=\"_blank\">【“UP”主们请注意】老虎社区视频发布攻略来了~</a> 【特别说明】 最终结果将根据内容质量、阅读、转发、评论、点赞等综合评选； 严禁抄袭、剽窃，一经发现，将取消参赛资格； 活动最终解释权归老虎社区所有 若对本次活动有不解之处，可在此贴留言 <a target=\"_blank\" href=\"https://laohu8.com/S/BILI\">$哔哩哔哩(BILI)$</a>","listText":"只有你想不到，没有B站找不到。 从令人捧腹大笑的搞笑视频，到引人深思的社会百态；从一人千面的美妆博主，到逛遍世界的豪宅揭秘；从“法外狂徒”张三，到“复旦之花”老番茄…… 世上能人千千万，B站up占一半。即将迎来二次上市的B站，再也不是当年的“小破站”！ PS：B站打新渠道已开，欢迎大家围观申购~ <a href=\"https://r.tigerbbs.com/lrg7\" target=\"_blank\">戳我参与申购</a> 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