Pi Haizhou: Sponsor + Direct Vote = Grey Paction

Today, the application of IPO will be examined by the trial board of gem.

Because Ping An Securities "sponsor + direct investment" into the cause, the sharp tool will attract attention.

Just a few days ago, some media reported that the SFC was planning to introduce a new deal to restrict the entry of "sponsor + direct investment". If the sharp tool IPO went smoothly, it would mean that the rumors of "sponsorship + direct investment" were broken.

Of course, as long as it is not a formal document issued by the SFC, it is only a hearsay.

However, the restriction of "recommendation + direct investment" is not only representative of a public opinion, but also represents the hope of investors for regulatory authorities, representing the path of healthy development of China's stock market. Therefore, we hope that this rumor can become a reality.

The impact of "sponsorship + direct investment" on the healthy development of China's stock market is obvious to all. It is a big cancer in China's stock market, which seriously jeopardize the interests of the vast majority of investors and the fundamental interests of China's stock market.

In terms of direct investment, the "direct investment" under the "sponsorship + direct investment" mode is actually a gray paction -- you give me a cheap share, and I recommend your stock to be listed, which is a naked paction.

Because the share of the direct investment is much lower than that of the publicly issued shares, the paction is an obvious benefit for the securities dealers.

This kind of "direct investment" has also seriously damaged the "three principles". Compared with the old shareholders, it does not need to undertake the risk of starting a business. Compared with the public investors, it does not need to pay the high price subscription price.

As far as sponsorship is concerned, the sponsorship under the sponsorship + direct investment mode has made the sponsor lose its independence and impartiality.

The interests of sponsor institutions are exactly the same as those of issuers.

Such sponsorship can only cover up problems for the issuer, make false statements, raise the issue price, so as to maximize the pursuit of their own interests.

As for Ping An Securities, the "direct investment" of Rui Qi tools is also a form of assault.

In July 15th last year, the gem officially accepted investors' accounts. In July 26th, the SFC formally accepted the application of 108 enterprises listed on the growth enterprise market.

It is in this situation that in September last year, Ping An Securities's direct investment company Ping An financial intelligence increased its capital to implement direct investment in Rui Qi tool, which is a typical assault stake.

Therefore, for the healthy development of China's stock market, in order to safeguard the three principles of the securities market, in order to effectively protect the legitimate rights and interests of investors.