There Are Many Problems Behind The Big Shareholders.

After entering 2016, the A share market was bleak.

The Shanghai and Shenzhen stock market suffered a sharp fall in the first year, and the 2850 point "policy bottom" was also easily broken down. In the market, there was a continuous introduction of the information management plan of the listed companies and the voice of large shareholders' Pledged Shares facing the risk of explosion.

At the same time, the news that many large shareholders are seriously caught up with the market is attracting more and more attention from the market.

The author thinks that behind the big shareholders' protective covers, there are many problems in the market.

In the middle of June last year, the Shanghai and Shenzhen stock markets began to shake violently. In the meantime, the regulatory authorities also urged all listed companies to take advantage of their own realities and adopt a variety of measures, such as the increase of large shareholders, the increase of directors and supervisors, repurchase shares, employee stock ownership plans and equity incentives, to maintain the stability of stock prices.

Under the advocacy of regulatory authorities, many major shareholders of listed companies or directors of supervisors have increased their holdings in the market.

However, when the large shareholders and directors of the higher authorities increased their holdings at that time, they probably did not expect that they would be faced with the fate of being caught or even seriously locked up.

Statistics show that up to now, there are up to 1117 quilt covers among the 1536 major shareholders of listed companies.

Among them, the number of large shareholders reached 40% and over 75.

Like Longquan shares, its major shareholder increased its holding price to 23.89 yuan at that time, and it closed down 9.23 yuan on Wednesday, a drop of 61.36%.

In fact, not only did the major shareholders increase their holdings, nor did Mr Tung's high holdings even escape a similar fate.

The data also show that there are ten listed companies, Dong Hang Gao's overweight holdings are also locked up seriously.

If the UFIDA network supervisor's high holding price was 48.46 yuan, it closed 17.88 yuan on Wednesday and reached 63.10%.

Therefore, whether it is a large shareholder or a senior supervisor, it is bound to become the main theme.

Large shareholders and Dong Jian Gao had to increase their support, which also highlighted the vagaries of the A share market.

From bull market to bear market, there are only a few trading days.

From last year's high point to this year's low point, the market

The dangers of leveraged funds to the market are all exposed.

At present, the risk of large shareholders' equity pledge and information management plan has begun to appear. How to further "leverage" is obviously a problem that regulators must face directly.

According to the performance of UF network in recent years, the price earnings ratio of Mr Tung's holdings increased to around 100 times.

If the performance of 2015 is taken into account, the valuation will be higher at that time.

The risk of high stake holdings is predictable.

Secondly, it is also related to the whole market environment.

After last year's slump, the popularity of the market is far worse than before.

The rebound in the fourth quarter of last year did not boost the enthusiasm of the market. After the new year, the market fell sharply. Many of the listed companies fell in such a slumping situation, which further aggravated the holding ratio between the large shareholders and the directors.

With the Dong Jian Gao to increase the quilt cover, it is only a microcosm of the current market.

In fact, it is not only the large shareholders of listed companies but also the high managers of the listed companies, but the whole market is paying the price.

Moreover, when the large shareholders and the directors of the company enter the market, it is doubtless confident of the listed companies. Their behavior may also be infected by other investors in the market. If so, the situation of these investors is self-evident.

Behind the big shareholders' protective covers, the market is going up and down and skyrocketing.

There is no confidence in the market, and similar phenomena are repeated in A shares, which is obviously abnormal.

I believe that if the system construction of China's capital market is still following the style of "rigidity" and "flexibility", if we can not better protect the interests of investors, we can not really boost market confidence.

Then, the scene of big shareholders' protection will be possible in the future.