China's Stock Market Has Seen A Huge Sell-Off In Many Stocks Since The End Of The Stock Market.

The general secretary pointed out that we should guard against and defuse financial risks and accelerate the formation of a stock market with complete financing functions, solid foundation system, effective market supervision and full protection of investors' rights and interests. But on the other side, big money fled in a frenzied way, which hurt the market and investors.

Today, many stocks in China's stock market are selling heavily. From the disk, they run away from the cost, often sell at a few points, and have a lot of reckless escaping from the cost. Many stocks have fallen freely in the end of the market. Many stocks have quickly turned green from the red Market, and the 5 minute decline is between 2.9%-3.9%. Investors are caught off guard and lose much. It also made obvious damage to the original trend.

No matter who controls stock prices should be treated equally, they should be punished accordingly. In the SFC's emphasis on creating a draught of three transparent markets, when the general secretary's speech has just fallen, some people will commit crimes against the wind. If they are guilty of the crime, the facts should be identified, and the punishment must be punished.

The stock market, which is fully protected by investors' rights and interests, is an illegal market. It is a market where interests are impaired and the market should be compensated. If we find out the facts and punish severely, if we can get the compensation for the injured investors, it is even more icing on the cake. It is also a best response to general secretary's speech.

But the market also has different views, Sina Financial News, yesterday, the SFC raided the Harvest Fund and Changsheng fund, all the research computers were taken away. In addition, there are two checks, all of which are well-known public offerings in Beijing and Shanghai. Some people believe that this is because the fund companies have been raided and the rats have fled in large numbers.

Whatever the reason, listed stocks have abnormal trading volume changes and stock price movements. This is definitely not a normal sell-off, because the time period is very concentrated. It is concentrated in the 5 minutes of late trading. Secondly, there is a rule that not only the selling volume is huge, but also many are the top 9600 hands, the three is to focus on selling stocks, or to deliberately suppress the stock price, or to run away from the cost of using programmed transactions. I think it is a kind of abnormal behavior, which may involve stock price manipulation.

The 77 provision of the securities law stipulates that no one can manipulate the securities market by any of the following means: (1) alone or through collusion, centralized capital advantage, shareholding advantage or the use of information superiority or continuous trading to manipulate securities trading prices or securities trading volume, it is very clear that many stocks are sold by 9600 hand super sell lists, which is a manipulation action to suppress stock prices by using shareholding advantages, and whether there is collusion to be further verified by regulators.

This continuous sale of the same top-level sale is also suspected of violating the continuous manipulation of stock advantage in the guidelines for the identification of insider trading in the securities market (Trial Implementation), which, of course, is more obvious in violation of the market manipulation manipulation stipulated in the guidelines for the identification of insider trading behavior in the securities market (Trial Implementation). closing line At the end of the auction stage, once again, the stock price can be pushed down several points. From the time period, the tail market manipulation is the 15 minutes before the closing of the stock exchange's concentrated trading market. Today, the top 5 orders are concentrated in the 5 minutes before the market closes, the period of bidding is only 3 minutes, the time is shorter, the investors are more relaxed, the guard mentality is more relaxed, and the sneak attack effect is better. Under the following circumstances, the guideline stipulates that the trading manipulation of the tail market has the following situations: (1) the exchange occurs when the market is about to close; (two) the behavior of the trader has the act of lifting, suppressing or locking up the price of the securities transaction; and (three) affects the closing price of the stock market. Encountering top-level single selling is a deliberate suppression of behavior. The transaction took place 5 minutes before the closing date, and the actor used the top-level selling to suppress or lock the price of the securities transaction. The three reason was that the underlying stocks fell sharply at the end of the market, which was far greater than the index and the stocks in the same industry, which proved to have affected the price of the securities transaction.

Today, a large number of stocks have fallen sharply at the end of the market, which is a sharp manipulation of stock price manipulation. But unlike the past, it is mainly not manipulating a stock but manipulating a sector stock, which has a greater psychological impact on investors. No matter who it is, the SFC should quickly intervene in the verification and give investors an account. Such a large area manipulation of stock prices is more bad, and has a greater impact on the market.

The market is bought and sold, but the process of buying and selling must be lawful and fair, which can not lead to irrational rise or fall in the market and cause huge losses to other investors. Yesterday, when a certain plate was under the pressure of huge sales, the whole plate fell sharply, which was a kind of abnormal transaction behavior, which had caused great concern in the market. Investor A panic has been speculated about who directs a tragedy, which should arouse high management concern and explain as soon as possible, so as to dispel the market panic mentality, calm market speculation, stabilize investor sentiment and prevent irrational fluctuations in the market again.

The certification company is the main force of the rescue market and is stable. equity market The backbone of the CSRC has solemnly promised that it will not focus on selling, nor will it sell at 4500 points. It should set an example by itself, know the law and abide by the law, take the stable operation of the stock market as its responsibility, and should not and will not sell the stock market in such a large scale to suppress the stock market. Even if the goods should be shipped out, it should be gradual and gradually fade out of the market, rather than the stock price manipulation method. If it is a rat farm or a public fund and other parties in the market, shipments in this way should be severely punished. The CSRC should immediately use the big data system to immediately identify the accounts and freeze them in time, so as to prevent the transfer of funds from evading punishment.