Author: Li Yunfei|Source: Original
You heard it right, now listed companies are also coming to speculate in stocks. Experts even said that 3 trillion yuan can directly pull the stock market to 4,000 points and bring 25 trillion wealth growth.
So is this a good thing or a bad thing? How will the interests of our shareholders be protected? Is Big A still worth looking forward to?
Recently, with the promotion of a series of national policies, it can be said that everyone is talking about stocks now! It is no wonder that the Shanghai Composite Index soared from 2,700 points to 3,300 points, an increase of more than 600 points, and some stocks rose by more than 30% in a few days. It can be said that this is faster than picking up money.
However, with the strengthening of the expectation of interest rate cuts in the US dollar and the implementation of the national policy package, the expectation of China's economy to improve has been further strengthened. No, during the entire National Day period, there were as many as 10 million new securities accounts opened in the mainland! It can be said that these new shareholders are on their way, and a capital feast is coming!
In the face of this situation, some listed companies are now unable to sit still, and have officially announced that they want to join this wave of the stock market. No, Guozhong Water, a listed company engaged in environmental protection, sewage treatment and municipal water supply, recently announced that it would take out 50 million idle funds to invest in securities!
Why would this company do this?
To put it bluntly, the company's profits are not considerable. In the first half of this year, the company's net profit was only 5.18 million yuan, and it was just fined 8 million yuan by the regulatory department, and the company's cumulative loss in the first three years reached 185 million yuan, and now there is only 166 million yuan left in the book capital. Then now use idle funds to speculate in stocks, you can maximize the company's interests.
Subsequently, a number of companies such as Tewei Nong and Landing Catering also officially announced that they would increase the amount of securities investment.
So let's talk about it first, can this listed company be able to speculate in stocks?
That's what the state says about this. First of all, as a long-term investment, state-owned enterprises can hold shares of listed companies, but they cannot directly speculate on stocks that are listed and traded, nor can they provide funds to other institutions to speculate in stocks.
And what about listed companies? It is not allowed to use bank credit funds to buy and sell stocks, nor can the funds raised from stock issuance be used to speculate on stocks. That is to say, non-state-owned listed companies can use their idle funds to invest in stocks and securities.
At this time, some netizens said, this is not right, isn't the country taking out 300 billion yuan this time to support these listed companies to buy stocks? How can this be explained? Isn't this a loan?
In this regard, the state actually wants to support these listed companies to repurchase and increase their holdings of their own shares through special loan support, so as to stabilize the market value of their own enterprises. Just imagine, if foreign capital vigorously shorts the mainland's stock market, these high-quality enterprises will only be able to watch these foreign capital cut leeks when their own funds are insufficient.
Some time ago, Hong Kong stocks fell sharply, and mainland enterprises vigorously repurchased shares. This is the state's strong support for these enterprises to protect their disks and maintain China's high-quality assets. Besides, giving you money is to let you buy back your own shares, not to let you buy other people's shares, which is still a fundamental difference.
Next, let's talk about the pros and cons of this listed company also coming to speculate in stocks?
First of all, for their own enterprises, asset reallocation can optimize their own asset structure and maximize their own interests.
Now many companies don't know what to do with this money after making a lot of money? At this time, using it for reasonable investment and financial management can improve the company's profitability and further raise the company's stock price. Let's take a look, which large company is not involved in the financial field now?
In addition, it is also a very common phenomenon for major listed companies to cross-hold shares with each other in order to complement each other's markets.
However, once an industrial company gets involved in the financial field, it involves the adjustment of its own strategic issues. To put it bluntly, your industry should be strong enough, and then use industry to drive its sustainable development in the financial field and achieve a win-win situation, which is divided into priorities. Instead of putting the cart before the horse, your own industry is not profitable, and you want to get a piece of the pie in the financial market.
In other words, stock speculation in listed companies is not the goal, the ultimate goal is to make your industry bigger and stronger.
But now it seems that these listed companies seem to have misunderstood, losing 185 million yuan in three years, you still don't think about how to optimize your industrial structure and expand your market share, but you have the mind to use idle funds to speculate in stocks? What do you think about us stockholders?
Oh, I gave you the money to bet that you could do your own business, but you were betting on someone else's business. In fact, this is a kind of harm to shareholders.
Let's magnify the problem a little more, if listed companies are counting on stock speculation to make quick money, then what do we need listed companies to do? Some experts say that 3 trillion yuan can directly pull the stock market to 4,000 points, bringing 25 trillion yuan of wealth growth. If that's the case, then we don't have to work anymore, we just have to wait for the money to fall from the sky.
Therefore, behind the stock market carnival, what the country needs is to use finance to support the development of real enterprises, rather than using finance to devour the growth of real enterprises.
So in this capital feast, we, the listed companies, should be more rational, resist the huge temptation outside, and concentrate on doing our own business, so that we still need to speculate on other people's stocks? You tell me?
Author: Li Yunfei, founder of a large Internet company, CEO of a large food chain enterprise, engaged in the Internet and physical chain industry for 20 years, has been reported by Sohu.com, Netease Finance, Tencent, Phoenix.com, Zhongxun.com, Baidu and other well-known media platforms, good at financial knowledge analysis, entrepreneurial guidance!