Yinbang Clad Material (300337.SZ) announced that the company recently received a document from the China Securities Regulatory Commission titled 'Regarding the Special Approval for Yinbang Metal Composite Material Co., Ltd. to Issue Convertible Corporate Bonds to Unspecific Objects for Registration'.
According to the Zhito Finance APP, Yinbang Clad Material (300337.SZ) announced that the company recently received a notice from the China Securities Regulatory Commission regarding the approval of its application to issue convertible corporate bonds to unspecified parties (referred to as: the approval). The main content of this approval is as follows:
1. The company's application to issue convertible corporate bonds to unspecified parties is approved. 2. The company must implement this issuance strictly according to the application documents submitted to the Shenzhen Exchange and the issuance plan. 3. This approval is valid for 12 months from the date of approval registration. 4. From the date of approval registration until the end of this issuance, if the company encounters significant events, it must promptly report to the Shenzhen Exchange and handle it according to relevant regulations.
Today, after hitting the high near 24,000 in the early session and entering bearish positions, the index fell sharply by nearly over 600 points, immediately recouping yesterday's losses significantly.
Moreover, today it broke the new high again, reaching a maximum of 24,076, but by the end of the market, it fell back by about 70 points, producing a bearish candle. The current trend has not yet been broken, but from the previous low until now, it has risen close to 6,000 points. It is believed that those with positions can continue to hold until there is a clear trend reversal for profit-taking. Those without positions can wait for a pullback to get in. Actually, it is hoped for a quick pullback, as it allows for entry and also provides a healthy breath.
Currently, the outlook remains the same as before. It is believed that even if there is a pullback, it shouldn't be too deep. However, if Futures fail to stabilize and close below 22,350, there may still be room for decline. The chance of Futures falling below 21,400 in the short term should be low, so it is considered that if a significant pullback occurs, it presents a good opportunity to incrementally go long. Recently, there has been a consistent approach to not hold positions overnight, only focusing on immediate trades, as there is no high chasing and no casual short selling.
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