The Reduction Of Large Shareholders Has A Certain Constraint Effect.

The disclosure of the interim report is coming to an end, but in the window period, the listed companies can not help thinking.

Not only is there a lot of tricks, it also touches the regulatory red line.

According to incomplete statistics, a total of more than ten listed companies have received regulatory letters issued by the exchange on the basis of incomplete regulation during the window period of this year's disclosure. The way of thunder includes the reduction in the window period, the holding of more than 5% shareholders, and the failure to fulfill the obligations of the letter.

The data have been able to explain the related problems.

In fact, this is just the tip of the iceberg for the illegal reduction of listed companies.

Since the reform of stock market has been fully circulated, there has been no ceasing of the size of non regulation reduction, and the situation has become increasingly fierce.

Therefore, how to regulate listed companies

The reduction behavior of regulators is a topic that regulators must face seriously.

The reduction of large shareholders has a certain constraint effect.

At present, the main body of market deregulation is mainly small shareholders with relatively small shareholding. This is both the focus of supervision and the difficulty.

I believe that the key is whether the regulatory authorities are genuine.

For example, the regulatory authorities may stipulate that those who violate regulations should repurchase the shares they sell, and if they are profitable, they will be owned by the listed companies.

For those who do not carry out the regulations, the regulatory authorities may use their quasi judicial powers to freeze relevant accounts, prohibiting them from buying and selling stocks, and forbidding their funds from pferring and pferring.

If this happens, it will have a great deterrent effect on violators.

The reduction of listed companies' violation was the most obvious in June this year.

At that time, the stock index was at 2850 points.

In the extreme downturn, the market will also have a downward trend. If the market breaks the position, it will cause great damage to stocks.

In fact, illegal reduction has become a major feature of the A share market, and it did not appear this year.

However, in the light of the illegal reduction in the market, the most stringent punishment measures of the regulatory authorities are only issued under the supervision letter.

If the regulatory letter can manage the problem of illegal reduction in the market, then there will not be so many irregularities in the window period of this year's disclosure.

Therefore, at least so far, the regulatory letter is impossible to solve the illegal reduction of listed companies.

Against this background, many families

There are many people who violate the law.

According to the Shenzhen Stock Exchange, 22 companies received the supervision letter of the Shenzhen Stock Exchange in the week before the Dragon Boat Festival. The reasons for the violation were concentrated in short-term trading, illegal reduction and information disclosure.

If only one day in June 19th, 7 companies were sent a letter, of which A, eagles, agriculture and animal husbandry and central Zhou holdings were all due to the fact that shareholders holding more than 5% had not disclosed information in a timely manner when the reduction ratio reached 5%.