The Key To Active Delisting Is To Protect Investors' Rights And Interests.

As the active delisting company has a great advantage in the issue of re listing, it can always apply to the stock exchanges that it chooses to apply for re listing. Therefore, it is not possible to exclude the possibility that a listed company or its controlling shareholders choose to withdraw from the market in a certain period of time for some purpose, nor can it exclude the behavior of damaging the rights and interests of the public investors in the process of active delisting.

It should be noted that the "opinions" have been noticed in the process of revision and improvement. One is to increase the voting link of small and medium-sized shareholders, and to request the initiative to withdraw the market plan "must pass the voting rights of small and medium-sized shareholders attending the meeting 2/3 or more." The two requirement is that independent directors should fully consult the minority shareholders on whether the relevant matters are conducive to the long-term development of the company and the interests of all shareholders.

However, the above two measures are not enough to protect the public investors. For example, under the public relations of a listed company or a major shareholder, it is not difficult for a small and medium-sized shareholder to vote through 2/3.

It is for this reason that the initiative to withdraw from the market is necessary to further improve the protection of the rights and interests of public investors. First of all, according to the "opinions", take the initiative. Delisting company We should improve the protection mechanism for dissenting shareholders. The active delisting company shall take the initiative to withdraw the market in its articles of association. The general meeting of shareholders The voting mechanism and special arrangements for dissenting shareholders' claim for repurchase and cash options are discussed.

Second, active delisting companies and their major shareholders should be conscientious and conscientious after the company has delisted, so as to facilitate the company to resume listing at an early date. Especially for large shareholders of delisting companies, if they can not actively promote the company's early resumption of listing, the majority shareholder will be the controlling shareholder or the main shareholder. Equity participation Other enterprises can not be listed on the IPO, or backdoor listing. In this way, large shareholders will be able to manage the delisting companies wholeheartedly, so as to achieve the goal of early resumption of listing.

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First, after a sharp fall in the first half of the year and a policy adjustment in the second half of the year, China's real estate market has initially stabilized and turnover has steadily recovered. Since the second half of the year, the government has lifted the real estate purchase restriction policy. In addition to the northern Guangzhou and Shenzhen, other cities have lifted the real estate restriction policy, while encouraging financial institutions to increase the purchase loans. The change of policy did not lead to a fall in index prices, but the demand for home-based demand was clearly released. The fall in house prices brought about a marked rise in volume.

From the top 30 cities in the market direction, the cumulative sales area of real estate has slowed from 16% in April to 16% in October, and the decline has slowed to 8% in the same month. A basic judgment is that house prices will continue to fall, but the area of real estate sales has stabilized and the macro economy will enter a rebound cycle after October.

Second, the market contradict the understanding of the Fed's withdrawal from QE and US economic data. The premise of the Fed's interest rate increase is that the US economy is picking up strongly and the inflation risk is increasing. However, the latest data show that the US economic data has weakened, and the urgency of the Fed's interest rate hike is greatly reduced. That is to say, the economic downturn and interest rate increase are contradictory. The two can only choose one, but the recent decline in the US stock market also covers two expectations. We believe that the market has been seriously oversold.

Third, the fall in the international crude oil market is a manifestation of the United States' use of the financial market and Russia's game. It does not indicate that the world economy has fallen so much, nor does it show the severe shrinkage of oil demand. The market is too emotional under the powerful manipulation of the institutions. Objectively speaking, the US Russia game and the fall in oil prices have greatly improved the tense situation of China's crude oil supply, which is a great benefit to China. Our country has not only had the opportunity to calmly build strategic reserves, but also has a very high cost, and is also in the right and left position in international politics. It should be said that it is one of the best times in the past ten years.

Taking into account the above factors and the reform of mixed ownership that China is pushing forward, China's economy will soon enter the best period in history with China's series of strategic cooperation with Western Europe and Russia, and so is the stock market.