A recent survey of Paipainet showed that 61.72% of the private fund held that after a continuous decline, the market valuation level was at the bottom, and there was a good investment opportunity in some of the shares in the market. They thought A shares were in the bottom area; 29.56% of the private funds showed foreign investment flow in the stock market when it declined while news does not mean that the bottom of the A shares appears; 8.72% of the private fund still holds an uncertain attitude.

Liang Bin, the manager of the investment fund of Bin Li, believes that the number of listed companies falling below IPO price in Shanghai and Shenzhen has reached 241, but we think this phenomenon should be a normal market phenomenon, because the IPO price of the stock is priced according to the price earnings ratio of the industry, but the new listed company's profitability and prospects may not be accepted by the markets. This is a normal phenomenon. Under the current new issue system, a large number of market funds will be taken away by the newcomers at the beginning, so it will enter a long period of adjustment when the new shares are hyped.

Liu Huyi, deputy general manager of Jufeng Capital, believes that although the current market is low, most investors are depressed, but we think the rapid decline of the market is a very good investment opportunity, the market’s irrational drop bring us a better price to buy good stock, and according to the market history, in the short term, a rapid rebound will generally occur at a larger level.

In recent years, the investor sentiment is generally pessimistic in the financial deleveraging, the China-US trade conflict, the adjustment of the house improvement policy and the some of the macroeconomic data.
In this case, there are widespread of the fact that stocks’ price below IPO their price in the market, which means that the market is entering the bottom area. But it cannot be regarded as a signal of immediate rising.
Sherry 17:35:10
Mao Junyue, chief director of investment in Xinpu, believes that the current market are suitable for long term-investor and index investment, but the current environment is still in the financial deleveraging cycle, the economic environment and the peripheral environment also have many uncertain factors, so it cannot be said that the market has already been at bottom. If the small and medium-sized investors are strict in resisting risks, they should still wait.

Jiang Qilin, the general manager of the Yuanshuo Investment, believes that in the weak market, there are many stocks in good valuation. It is suggested that the ordinary investors should think calmly, buy the good stock with excellent operation and keep holding and would be ultimately rewarded.

According to Liu Huyi, deputy general manager of Jueng Capital, the overall valuation level of the market is ideal, and the core asset valuation level represented by blue chips is at low position. In the middle and later stage of market adjustment, there may be a process of accelerating decrease to the bottom by moods from capital side and some events.

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