SFC: Strengthening Information Disclosure Management And Escorting Small And Medium Investors

Zhao Lixin, an inspector and deputy director of the China Securities Regulatory Commission's listed department, has recently made a statement. He said that the Commission will further modify the management measures of information disclosure of Listed Companies in the future, and may impose severe penalties on the so-called flicker restructuring, disclosure untruthfulness, noncompliance with commitments and financial fraud.

Information disclosure is required to protect the interests of important investors.

Because the information asymmetry exists in the A share market.

Often, before the information disclosure, the share price of a listed company has been reflected in advance, sometimes it rises and sometimes falls.

When the information is really disclosed, it will be better or less profitable, which means that someone knows the news before information disclosure.

This is very unfair to ordinary investors.

Information disclosure should be timely, complete and comprehensive, and the principle of "three principles" should be embodied.

However, many listed companies in China do not have sound information disclosure.

To strengthen information disclosure management is to protect the interests of important investors, so that we can fully understand the change of information.

Judging from the recent series of policies of the SFC, they are guiding funds from speculation theme stocks and junk stocks to frying value stocks.

This shows that the SFC hopes that we will pay more attention to the performance of listed companies.

Poor performance companies may not grow in the future, but because they can tell stories and attract a lot of investors, investors eventually come to pay.

Therefore, training the correct investment concept should be said to be one thing that management has been trying to do.

Growth and

There is no contradiction. Real value stocks must grow.

Now the securities and Futures Commission is mainly aimed at some stocks, storytelling, and totally non performance stocks. They are actually not growth stocks, but fake growth stocks.

These companies are poor in fundamentals, but only in storytelling.

In this way

It is not encouraging.

In fact, the real growth stocks often stand out in the market, for example, their future profits can be realized, and the story will be realized in the future. These are real growth stocks.

In May, 131 companies increased their holdings to more than 600 million shares, amounting to about 8000000000 yuan, and nearly 20 yuan exceeded 100 million yuan.

This situation has corroborated my view of big rebound from another angle.

Industrial capital is often smarter than the two tier market investors in the past.

Their entry time is often the bottom of the market. They know more about their listed companies and have more advantages in information.

So generally speaking, the timing of their holdings is a good opportunity.

After being held, the listed companies will perform better than those who are being reduced.

So we can focus on the stocks with industrial capital, especially those of large shareholders, whose performance will often be stronger than the market.

The focus of attention is on value stocks, such as the liquor I have emphasized repeatedly, from December last year to now, the revenue is very obvious.

The liquor industry is not only benefited from Shenzhen Hong Kong Tong, the key is to have fundamentals.

Many liquor stocks have not fallen, but also hit a new high this year.

The next step is to continue to pay attention to this white horse stock, such as liquor, medicine, military industry, and so on.

At present, I still insist on seeing the thousand point rebound from 2600 points.

The first wave of market rebound is overshoot rebound, to 3000 point there is a certain degree of suppression.

When the first wave rebounded to nearly 3100, there were some disturbing factors. Especially, some media reported that the growth of economic L has indeed caused some doubts.

But we think that this is not a fundamental change, but just a few disturbing factors, only lengthening the market at the bottom of the concussion time.

Now the market should say that it has gone out of a double bottom trend, that is to say, it once again explored the bottom, but it did not fall below the lows of the previous period.

Therefore, the market in this position, through certain shocks to digest some positive factors, waiting for some favorable factors to release, such as pension market, A shares to join MSCI, once this matter is fulfilled, the latter market will produce second waves of rebound.

At present, the 2800 point is the consolidation stage, and the market is fully oscillating to digest these positive factors.