We Cannot Allow The Market Of Evil News To Harm The Market.

In a sense, the stock market is an "information market". Information has a self-evident effect on the ups and downs of stocks and the market.

Recently, there have been several heavy news circulated in the market. Since then, they have been proved to be false news, but these false news have played a role in promoting or helping the stock price of related stocks or sectors.

I believe that as a regulator of the market, the SFC can not allow the market of evil news to cause harm.

A false news of the securities and Futures Commission's fund company has led to a big fluctuation in the gem index on the 13 th day of ~15, until the resumption of "vigour" on Monday. Last week, the sharp rise in Zhongguancun was interpreted as the false news of "Wong Kwong Yu will be released early".

Even false news can affect the rise and fall of stocks, highlighting the sensitivity and importance of market to news.

In fact, fabricating and disseminating false information to disrupt the securities market is a violation of the law. However, there is a suspicion of manipulating the market by issuing or disseminating false information affecting the price of the securities.

The seventy-seventh provision of the current securities law prohibits any person from "alone or through collusion, concentrating the advantages of capital, holding the advantage or using information advantage to jointly or continuously trade, manipulating the price of securities trading or the volume of securities trading", or "manipulating the stock market by other means."

According to the regulation issued by the Securities Regulatory Commission (CSRC) on the identification of the manipulation of securities market (Trial Implementation), it is alleged that the influence of false news on the price of securities is related to the manipulation of confusing pactions.

Therefore, it is proper to punish them severely.

There is a lot of false news in the market, and there are many people who have ulterior motives.

As for the false news that Wong Kwong Yu will be released early, as long as Gome and Zhongguancun's major shareholders do not reduce their holdings, at least for the time being, they are not beneficiaries.

Get promoted.

The real benefit recipients are those who are buying large amounts of stocks at a low price, and then wait for the announcement to help the stock price rise to a high level.

In fact, it has the impulse to disseminate false news.

A shares are both a true and false market, and also a market.

A mixed market.

If some of the listed companies' high delivery and pfer schemes have not been officially disclosed before, stock carriers and other carriers will have relevant news in advance, and afterwards, they will be confirmed to be true news.

But there are also some messages that are proved to be fictitious after being passed away in the market.

And the market full of real and false news often leaves investors at a loss.

Out of

The regulatory authorities have also issued relevant rules and regulations, but the effect is not satisfactory.

Obviously, it is not easy to effectively supervise the frequent false news.

First, there are a lot of false news on the market every year, almost to the extent that it is impossible to prevent; two, the cost of investigation is very high, which requires a lot of manpower, material and financial resources, and the supervision department will feel more than enough.

There is no doubt that the false news not only trampled the "three principles" of the securities market, but also often led to the loss of small investors at the end of the information chain.

Therefore, on the basis of the investigation and evidence collection, the SFC should learn from the United States' heavy punishment, and protect the interests of the small and medium-sized investors.

On the one hand, in view of the suspicion of manipulating the market by fabricating and disseminating false information, it is recommended to regulate illegal activities that manipulate the market.

For those who profit from spreading false news, they confiscate their income and impose a penalty of one to five times.

If the circumstances are serious, the criminal responsibility shall be borne if the criminal responsibility is borne.

On the other hand, the supreme law can introduce judicial interpretations similar to the false statements of listed companies, so as to help investors protect their rights.

Small investors are often victims of false news, but there is no way to safeguard their rights. This is obviously unfair.

With relevant judicial interpretations, small and medium investors will have the right dimension, and the cost of violation will also be greatly increased.