证监会发布创业板规则征求意见稿，被某些砖家理解成利空扩容，让人有点啼笑皆非。
从现在的方案来看，净资产门槛是2000万，发行后股本超过3000万，准备一开始发行100家，平均发行1000万股（偏高，够和中小板接轨了），每股价格100块，总市值不过才1000个亿而已，还不够平安塞牙缝的。
而每股100块的价格，显然高估。
因此拜托那些说利空的砖家，最好找一找扩容之外的理由，怎么创业板就成利空了？
我是一直力推开创业板的，这从我组合中的第一只股就是所谓的创投股可以得到证明。
中国创新的最大动力，来自于中小企业，而过去以银行贷款为主要融资渠道的金融结构，大大限制了中小企业的发展。受制于资本机制的缺位，个人创业者的成功经历往往不可复制。
创业板的开通，则打通了造富之门，各种创新的思想将找到市场，换成财富，同时激励更多的人走上创业的道路。
不可否认，在创业板成立之初的相当长一段时间，恐怕会有很多鱼目混珠的创业企业，它们如昙花一现，留下不少资本的尸体。这就对投资者的鉴别能力，对审核机构的专业能力，对保荐机构的诚信能力提出了更高的要求。只要监管机构严格惩戒包装上市的行为，惩治虚假信息披露的行为，严厉打击股价操纵和内幕交易，创业板就会获得良好的开局。
当然，创业本就是高风险的行为，这就要求投资者需要具备更大的风险控制能力，有可能一夜暴富，也很可能血本无归。在进入创业板之前，先估量估量自己各方面的能力，创业板很危险，你还是去买平安保险吧。。。
译文:
Growth Shares Causing Stock Down, what Happen?
We do not whether to cry or cry. The SFC says that it will collect suggestions on the rules of growth shares, while some experts explain it is a bad news for stock market and it will cause stock down.
Applying to the current regulatory, the lowest equity for issuing shares is 20 million RMB, then it would grow to 30 million RMB after stock listing. At the beginning, 100 companies are ready to issue total 10 million stocks, 100 yuan per share. I think the number of shares is a little higher, but it is enough to satisfy the needs of small and middle plates stocks. However, its total market value is not more than 100 billion yuan, far away from the needs. And the estimated share price, 100 yuan, is obviously much higher. So, those experts had better seek for another evidence to explain that the growth share causes stock down, apart from the reason of issuing new stock.
I always encourage the growth share. For instance, my first stock in my choices is a growth share. The driving force of innovation in China is the small and middle enterprises. While the former financial structure, under which financing mainly depends on bank loans, has block their development. Because of limitation in capital mechanism, it is difficult for individuals to make venture. But the growth share is the door to fortune. Innovation now is given a market and could be traded into money. At the same time, it also encourages more individuals to make venture bravely.
Undeniably, for a long time, there will be many powerless enterprises during the beginning. They like a flash in the pan and lost without any trace. Therefore, buying growth share strictly demands the investor capacity of identification, audit agency professional ability, sponsor institution credit power. Then, it will develop well, as long as the regulatory bodies strictly punish the false-listed stock, stop behaviors of disclosure of false information, and prevent stock manipulation and insider trading.
Of course, growth share is fundamentally a risk. It requires investors strong ability to take risk. You can become rich overnight as well as poor at one second. You should estimate the abilities at all aspects before buying growth share. It is highly risky, and you should better to buy Ping An insurance.