Is The Delisting System Of A Shares Good?

A few years ago, there was a kind of last knock-out system popular in enterprises, that is, employees were scored every year. 10% of the employees will be dismissed. Schools also have a system of sorting out and eliminating students. It seems that 10% of the employees are unqualified. This practice not only damages the friendship between employees, but also encourages employees to cheat in their performance.

Companies are also delisting, poor performance to be delisted, financial fraud should also be delisted, under the hatchet comparison, or fraud is more cost-effective, or about delisting, fraud in case of not being discovered, but also high stock holdings, and retreat.

Therefore, it is against the fact that companies with poor performance are delisting. As long as investors are willing to hold and willing to buy, they should be allowed to continue to exist. They can not be called "Britney Spears" when their performance is good.

For the poor companies, how to save them, they are willing to give more time to themselves. To abandon their efforts can encourage them to be restructured by other companies. The reorganization is actually a perfect embodiment of the optimal allocation of resources. It not only protects the interests of investors, but also helps to revitalize the listing resources, and also meets the needs of listed companies of high quality. Why not? Insider trading and manipulation of stock prices are very easy to happen in the process of reorganization of assets. But this is not the reason for objection to reorganization. Insider trading and manipulation of stock prices can be restricted by long-term suspension, and block trading is also a hotbed for insider trading and breeding corruption. Is it not a normal paction?

As for the direct coercion of J.

It is suggested that the mandatory delisting of Xintai Electric has caused a lot of controversy. The key problem is that those who do not hold ybait stock can speak without pain, and can be forced to withdraw from the market.

But who has considered the feeling of holding investors? Did you buy the JIT bait stock for the big shareholders' fraud? Would they be forced to withdraw from the market and lose a large proportion of their assets? Do not always claim a claim for compensation and make quick claims to make up for the losses?

To protect the interests of investors who hold shares, the stock will be suspended for a long period of time, so as to avoid damaging the investors to sell the stock by mistake.

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The large scale delisting behavior can be divided into two main categories, one is the side effect of the filing system, that is, because the lack of the audit of the issuance examination committee leads to a number of companies whose performance is poor and can not continue to create value for investors. After that, investors find the truth and do not want to continue to hold shares of these companies, few people buy, resulting in insufficient liquidity, so the stock market is delisted.

The two reason is that some major shareholders think that the valuation of the market is too low, and they think the company should have higher value, so the comprehensive buyback stock will be privatized and then delisted.

Of course, some companies are bankrupt because of their inability to continue their operations, and the stocks are naturally delisted. In these three cases, A shares are not common. Therefore, it is not surprising that our delisting rate is very low.

If we want to achieve a high rate of delisting, forcing the bad companies to withdraw from the market, we fear that the bad performing enterprises will take risks and avoid the delisting.

This does not mean that the delisting system of A shares is not good because A shares are examined and approved by the issuance examination committee. The quality is naturally better than the quality of the listed companies under the foreign filing system, and the low rate of delisting also shows that our reorganization success rate is high, and we can not force the enterprises to withdraw from the market in order to achieve the delisting rate, which reverses the cause and effect and confuses the universe.

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