The Bull Market Is Coming, And The Stock Suspension Is The Deadliest.

In March 17, 2015, China's stock market broke its new high in the past 7 years and broke through the 3500 integer mark at one stroke.

In the face of the soaring Chinese stock market, investors are in a different mood. Some are excessively excited, some are hopeful, others are watching others' stock rising, and their stocks are down and suffocating. Of course, there is also a bitter feeling, that is, the bull market has come, and the stock in their hands is still in the long-term suspension.

In fact, in the last 8 months, China's stock market has risen by 1500 points, and the largest increase has reached 70%. At the same time, in the context of the continuous increase of the market leverage, the enthusiasm of the market has not diminished, but shows an increasingly strong posture.

At this time, for investors holding long-term suspension stocks, it is really not a taste.

Citing a data, according to the average increase in the market in the past 8 months, the suspension shares have lagged behind the broader market by up to 70%. As for some of the most popular varieties, the backwardness of suspension stocks is becoming more apparent.

Step by step to analyze, assuming that the stock suspension at this time is officially resumed, it is necessary to have more than 5 trading boards to catch up with the market's average growth over the same period.

It is worth noting that according to statistics, as of February 2015, more than 260 listed companies in China's stock market were in suspension, accounting for nearly 10% of the total number of Listed Companies in the market.

At the same time, from the list of listed companies whose suspension has been suspended, there are more than 100 listed companies whose suspension times exceed 2 months, and there are also some stocks whose suspension time exceeds 6 months.

Take the Shenzhen HUAFA A as an example. Since the suspension in June 24, 2014, the total suspension time has lasted nearly 9 months. Recently, the company received the letter of concern from the Shenzhen Stock Exchange, and requested it to explain the progress of the non-public offering. In this regard, the company also issued a notice, and said that the adjusted increase plan, and strive to resume trading as soon as possible.

It can be seen that if the time of its suspension is calculated, investors holding deep HUAFA A just missed this magnificent bull market.

In fact, the essence of stock suspension is to maintain market information fairness, so as to enhance the spanparency of the market and the symmetry of information. At the same time, it can also protect the legitimate rights and interests of investors to a certain extent.

However, the excessive suspension time is contrary to the original intention of the stock suspension. Especially in the current bull market, time is like money. If you miss a trading day, you will waste a lot of investment opportunities. Therefore, too long suspension time of listed companies can not protect investors' legitimate rights and interests.

The author thinks that the suspension time of some stocks is too long, on the one hand, it is related to the overall execution power of listed companies, and on the other hand, it is closely related to China's lack of rigor in the time of stock suspension.

All along, the reasons for suspension of listed companies are numerous. However, there are two reasons for suspension, which are commonly seen in the announcement of domestic listed companies. Among them, listed companies were suspended due to planning for major asset restructuring and listed companies were planning for non-public issuance.

In actual operation, although our country has a clear stipulation on the relevant time for suspension, it is easy to be used skillfully by some listed companies.

Taking listed companies as a case of planning for major asset reorganization suspension, according to the regulations, listed companies should undertake to publish major asset reorganization procedures from the date of announcement to major. assets reorganization There will be no more than 30 natural days for the time of suspension.

However, in its provisions, it implied a convenient delay for the listed companies. resumption The information that a listed company is indeed necessary to postpone the resumption of a licence, the listed company may apply for an extension of the license according to the relevant provisions of the relevant authority before the expiration of the suspension period, and the accumulative suspension period shall not exceed 3 months in principle.

From this, we will give the parts. Listed company There is room for postponed resumption.

Another example is the suspension of a listed company's planned non-public offering, for example, in accordance with the regulations, the time limit for the suspension of a listed company is generally not more than 10 trading days. However, in the implementation of the specific operation, listed companies can apply for an extension of the resumption of an application, and the number and time of postponed resumption will give some listed companies long-term suspension.

To sum up, the author believes that in the current bull market, the long-term suspension of stocks really has a profound impact on the vital interests of investors. Therefore, for a listed company, it is necessary to clarify the specific time of its resumption as soon as possible, or to give shareholders reasonable compensation. Otherwise, in the market of "time like money", the losses suffered by investors may be immeasurable.