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.