Super heavy! The China Securities Regulatory Commission is studying deepening reforms! The strong demand of 200 million shareholders and 600 million basic citizens for the cancellation of refinancing and quantification has reached its peak!
Big A ended in the first half of the year, and more than 4,000 stocks fell sharply! The China Securities Regulatory Commission is studying deepening reforms!
The first half of 2024 has come to an end, after the stock market crash at the beginning of the year; Big A continued to fall for more than a month, and in the first half of the year, more than 4,000 stocks fell sharply, and only 800 stocks rose; 200 million shareholders and 600 million people suffered heavy losses, and market confidence was seriously lacking again!
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On June 28, the website of the China Securities Regulatory Commission released a blockbuster news that the China Securities Regulatory Commission is actively studying a package of measures to promote the comprehensive deepening of capital market reform.
According to the China Securities Regulatory Commission, Wu Qing, chairman of the China Securities Regulatory Commission, and other team members have recently conducted in-depth research in Shenzhen, Guangzhou, Shanghai, Beijing and other places, aiming to understand the current situation of the market, collect opinions from all parties, and provide decision-making basis for comprehensively deepening the reform of the capital market.
The China Securities Regulatory Commission (CSRC) is conducting in-depth exchanges with listed companies, industry institutions, investors, experts and scholars, and representatives of system units by holding symposiums and on-site visits.
The research covers many aspects of capital market reform, including but not limited to registration-based reform, market-oriented reform, high-quality development of listed companies, improvement of professional service capabilities of intermediaries, and accountability for violations of laws and regulations.
The main objectives of the CSRC's study on deepening reform include the following:
1. Promote the high-quality development of listed companies:
Accelerate the improvement of basic systems such as issuance and listing, information disclosure, mergers and acquisitions, etc. Strictly control IPO access and improve the accurate identification mechanism of technology-based enterprises.
2. Promote intermediaries to provide high-standard professional services:
Vigorously strengthen the capacity building of practice, and accelerate the construction of first-class investment banks and investment institutions. Strictly consolidate the responsibilities of intermediaries as "gatekeepers", and accelerate the improvement of professional service capabilities.
3. Promote the realization of "high costs" for violations of laws and regulations:
Significantly strengthen the three-dimensional accountability of administrative, criminal, and civil matters. Maintain a situation of strict supervision and strong supervision, earnestly maintain the market order of the "three publics" and protect the legitimate rights and interests of small and medium-sized investors.
In this regard, 200 million shareholders and 600 million people strongly demand the cancellation of refinancing and quantification, and the call for cancellation has reached its peak!
In response to the blockbuster news published on the website of the China Securities Regulatory Commission that it is studying and deepening reform, 200 million shareholders and 600 million people directly boiled in the comment area...
From Dongcai.com
The top post from the comments of Dongcai.com stockholders was: "Please prohibit quantification and refinancing!! The number of likes is as high as more than 9,600 times!
From Dongcai.com
Secondly, shareholders propose to cancel quantification, cancel the two financings, prohibit refinancing, institutional private placement T+6, etc., and the number of likes is as high as 3000~4000 respectively.
According to the most popular suggestions of the above stockholders, it can be seen that refinancing and quantification have become the biggest obstacles that affect investor confidence the most!
In fact, whether it is the stock market crash a year ago, or the recent decline of the big A for more than a month; It has been proved that refinancing and quantification have become the best tools to frantically harvest 200 million shareholders and 600 million people.
Source: Dongcai.com
In addition, the synchronous compensation mechanism for delisting is also the most concerned issue for shareholders, and since the nine articles of the new country, more than tens of millions of investors have lost their capital due to stepping on Lei ST and delisted shares~
Therefore, 200 million shareholders and 600 million people strongly suggest that the delisting must actively and synchronously compensate investors for losses!
However, the proposal of 200 million shareholders and 600 million people strongly demanding the cancellation of refinancing may indeed be difficult to achieve.
The reason is very simple, refinancing is the business carried out by China Securities Finance Co., Ltd. (hereinafter referred to as China Securities Finance), and the largest shareholders of Zhongzheng Financial are the Shanghai Stock Exchange and the Shenzhen Stock Exchange (with a total holding nearly 60%)...