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60 Companies Do Not Work Properly; &Nbsp; 20 Billion Capital.

2011/9/6 8:49:00 40

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The listed companies, accustomed to asking for money from the stock market, have become "money masters" in the financial market.

according to

Shanghai Daily

Information statistics, this year, there are more than 60.

Listed company

Released

Investment and Financing

The total investment amount is more than 20 billion yuan, including Conch Cement throwing 4 billion yuan.

These companies are not only "lazy" to disclose the detailed investment situation, but nearly half of them have made investment actions after the CBRC issued strict control over some financial products.

Taking stock of these companies' investment behavior, the reporters found several characteristics:

The first is "

Headwind

"Finances, cases and amounts are increasing.

Especially in the middle of June this year, the CBRC issued a summary meeting on the standardization of banking financial business. After the six prohibition operations were banned, nearly 30 companies announced their investment plans for financial products, accounting for about half of the total number of listed companies announcements of investment and financial products this year.

Secondly, in order to avoid regulation, listed companies prefer to use the "single capital trust" mode when they invest in financial products.

The biggest feature of the model is privacy, which almost circumvented all regulation.

Most of the conch 4 billion financial management plan belongs to this mode.

In August 24th, the 1 billion 300 million yuan purchase plan of financial products disclosed by Shaanxi drum power company also had 800 million yuan to invest in a single capital trust scheme.

Third, ignoring risks and disclosing the situation of financial products purchased are not clear. Many companies do not disclose details even in semi annual reports.

Some of the funds went to the risky real estate sector.

Under the condition of tighter regulation, listed companies are still buying financial products in a big way, which not only reflects the gloomy industrial management environment, but also highlights some companies' weakness in wind control.

According to Zhang Yuanzhong, director of Beijing inquiry law firm, the CBRC stipulates that bank financing products are absolutely not allowed to guarantee the yield. Therefore, once a loss occurs, the relevant banks or trust companies will not be held responsible, and the main risk liability will fall on the purchasers.

It can be seen that the listed companies take it for granted that the "low risk" of financial products is neither strict logical argument nor basic legal protection.

It can be speculated that such a reckless investment behavior is not ignorant or fearless, but a financial paction.

It is gratifying to note that these "reckless financial management" and the risks behind them have attracted the attention of the relevant departments.

The Shenzhen Stock Exchange has recently started from information disclosure and strengthened the financial supervision of small and medium-sized listed companies. Besides putting all investments into the scope of disclosure, the listed companies should also establish a sound internal control system before conducting venture capital.

Analysts predict that the Shenzhen Stock Exchange will not rule out the possibility of expanding the new regulation.