Is It Good Or Bad To Be Used To Induce Or Even Manipulate Stock Prices?

The so-called high pfer refers to the implementation of the annual allocation of listed companies, the implementation of a high proportion of shares and provident fund to increase capital stock.

The former is essentially a kind of profit reinvestment, while the latter belongs to the adjustment of financial structure. The company will change its accumulation fund into capital stock through different forms.

It should be said that the implementation of high pfer will not change the investment value of the enterprise itself, in the form of more is a 3X10 10X3 digital game.

However, after the implementation of the high pfer,

The price will be significantly reduced, which will help attract smaller investors.

At the same time, when the company's capital stock is enlarged, it will be in a more advantageous position on certain occasions.

Because of this, although we all know that high delivery does not raise the valuation level of the company, most of them agree with it.

Of course, in specific operations, it is not necessarily high delivery, in the overseas market, usually in the form of disassembly and discount.

The so-called dismantling is to adjust the face value, for example, to change the face value of 10 yuan to 1 yuan, which is equivalent to 10 shares become 100 shares.

While the discount share is similar to the increase, for example, the original 1 shares into 5 shares, so that although the face value is not changed, but the 1 stock has become 5 shares.

From the practice of overseas market, after the operation of such disassembly or discount, the stock price of related companies will generally increase.

In China's stock market, there have been such examples. By the end of 1992, the Shanghai Stock Exchange listed companies had been disassembled for a single time, the face value was changed from 10 yuan to 1 yuan, and the stock market also rose rapidly from more than 400 to more than 1500 during the same period.

Although it can not be said that the rise is due to the demolition of the fine, but obviously the demolition operation has played a positive role.

After all, because the share price is low after the demolition, investors are also increasing, and the operation is also booming.

It should be admitted that sometimes a technological change can trigger a round of market quotation.

However, for a long time in the domestic market,

Things that are used to induce or even manipulate stock prices also happen.

Because of the obvious effect of high delivery, many listed companies are willing to make good use of this means.

Some funds will deliberately push up the company's stock, and they will do everything possible to push the listed companies to send high prices to further increase the share price and smooth shipment.

The seriousness of the problem lies in the fact that there are still some people who are able to get insider information before the company delivers the information before they are released.

This illegal act of profiting from insider information has seriously violated the interests of the small and medium-sized investors, undermined the "three principles" of the stock market and interfered with the normal operation of the market.

Many investors are very unhappy about the sudden rise in share prices of some companies. In the end, the answer is because there is a high turnover, but objectively this is happening every year.

This also shows from a perspective that China's securities market does need to increase supervision.

Recently, management has clearly indicated that it is opposed to the high handed pfer from reality, and it must crack down on the use of high delivery to manipulate stock prices.

This reflects the departments concerned attach great importance to the problems in the high delivery and pfer, and try to solve this problem.

No doubt, this is to maintain market stability and protection.

Interest is of positive significance.

The purpose of cracking down on illegal activities is to make the market more standardized and avoid misleading and undue losses to small and medium-sized investors.

At the same time, people should also see that a reasonable high delivery rate that meets the requirements and does have practical needs is not prohibited. In fact, such operations still exist.

The problem here is, first of all, it must be normative, and secondly, it is really necessary.

As a listed company, its shareholders' meeting should have the right to decide whether to send high pfers, but all of these must be carried out within a reasonable scope. If it is used to cater for the demand for high price, obviously there are problems in the direction and should be stopped.

In other words, high pfer is not good or bad in itself. It will be positive if it is used, and it will be abused and even used to manipulate the stock price.

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