Du Kunwei'S Interpretation Of Investors' Grief

The dispute between Fangzheng group and Zheng Quan holding company is not only a sign of ending but is becoming more and more intense. The author has no intention of intervening in the whirlpool of the two companies, but with the continuation of the dispute between the two companies, the share price begins to plummet, but the noise dispute between the two companies can not be sacrificed at the expense of investors.

In November 2nd, Zheng Quan holdings issued 5 announcements to report that CEO Li you, a founder group of Peking University, was suspected of insider trading. It said that it earned 400 million yuan in insider trading through Peking University medicine, and that it had slumped 7% on the day of Peking University medicine and suspended temporarily.

Since then, the contradiction between Founder group and Zheng Quan Holdings has been going on again on Christmas Eve. In the evening of December 24th, Zheng Quan holdings took the lead in saying that the Founder Group executives involved in criminal cases had been controlled by public security organs. In the early morning of December 25th, Fang Zheng group denied that the executives were not involved in any charges and the group operated normally. Yesterday evening, Zheng Quan made a clear statement that the so-called "intimidation message" was fabricated by founder. That is, the closing price in October 31st, so far, fangzheng holdings dropped to 34%, Founder Technology fell 12%, China high tech fell 17.4%, directly related Peking University medicine fell 24.6%, and Peking University resources fell 37.8%.

As of today's closing, Founder Technology fell 5% again, North Korea's medicine fell 3%, and China's high tech company fell 2.7%. As an outsider's two tier market, investors are deeply hurt, who will protect investors' interests and who will compensate investors for losses. If the Chinese stock market has a precondition for investment losses, if it wants to lodge a claim against the people's court, it is necessary for the SFC to confirm or issue a decision on administrative penalty. Although the SFC has announced the verification of the Quan Quan holding letter, it has not been written down. On the one hand, the SFC investigation has not had any results. On the other hand, it has become more and more serious with the grudges of Zheng Quan holdings and Peking University Founder. Many things are no longer a dispute over the interests of the capital market, but a criminal fight against each other. Due to In view of the escalating dispute between Peking University Founder and Zheng Quan holding, I believe that the SFC should strengthen judicial docking and jointly investigate public security organs. After all, the public security organs are more powerful. Law enforcement means And means of investigation are more likely to make the truth disappear.

Why should I emphasize the need for the SFC to strengthen judicial docking in public security organs lies in the fact that investors invest in stocks is the investment expectation. stock right The argument is that investors are scared to see what is wrong with them. It is difficult to discern who is right or wrong. After all, once a major violation is committed, the founder of the new delisting system is faced with the fate of delisting. Then there is still a big drop in the stock price and investors can not intervene again. Even though the current stock holders are facing huge risks, the Chinese stock market has been in a rare bull market for many years, and investors have to cope with the endless decline. bull market It is even more embarrassing that market capitalization is decreasing every day, and investors' mood can be imagined. Take the fuse of Peking University medicine as an example, from 22.75 yuan to today only 13.78 yuan, down nearly 9 yuan. The fall in share prices is extremely difficult to end until the dispute between the two companies is clear. Therefore, the SFC must terminate the stock dispute as soon as possible, distinguish between the right and wrong, and end the reason why the share price falls. At the same time, we need to identify who is responsible for allowing investors to have a clear claim.

There is only one truth, and there will be no two truth. At least one of the government holding companies and Peking University Founder is lying, but the problem is that the Internet has given people too much freedom to speak. The truth and the insider have spread quickly through the Internet, making investors who are unaware of the truth suffer from it, but they have no claim. The SFC has been emphasizing the strengthening of Internet regulation. But in the face of the dispute between Zheng Quan holdings and Peking University Founder's equity, it seems so weak and weak. Is the Internet a regulatory vacuum? I am full of anger. Should the Internet be the sharpening device for small investors?

Chuang Xin pointed out that the rule of law is the foundation of good governance in the capital market. We must do a solid job in the reform and development of the capital market and supervise the enforcement of the law in the way of rule of law. But in the face of the dispute over the ownership of Zheng Quan Holdings and Peking University Founder, it has lasted for nearly two months. The author can not see signs of ruling the city according to law, and see no sign of improving administrative efficiency. It is only seen that who is loudest than the voice, who is more fresh and more exciting than the ones who broke the news. This is the sorrow of the Chinese stock market and the sadness of the investors. As long as there is no clear responsibility, investors will have no claim.