The "Bad Kids" In The A Share Market Are Repeatedly Banned.

A shares "bad children" many, this is not. Since May, the Shenzhen Stock Exchange has publicly condemned 5 listed companies.

For the reasons for being condemned, different listed companies have different problems.

No matter what the problem is, the core reason is that these "bad children" listed companies have violated the "three principles" of the securities market and disrupted the sustainable and healthy development of the market. The more the "bad kids", the greater the risks faced by the A share market, the greater the possibility that the small and medium investors will suffer.

For such a "bad boy" listed company, regulators should be iron fisted and never tolerate.

Investors should also vote decisively with their feet to abandon such a "bad child".

There are so many "bad kids" listed companies in the capital market for so many years. In fact, everyone knows how to manage them. But why all these years have always appeared, it is also because the main responsibilities and rights of the market have not been straightened out, the supervision and regulation of the market, the market return to the market, and the chain of interests between different participants have been cut off, so that the capital market can be returned to the standard, and the function of optimizing the allocation of resources in the capital market can be brought into full play.

In the process of China's economic pformation and upgrading and structural optimization,

How to play its role is related to the process of economic pformation and upgrading and structural optimization.

The "bad kids" in the A share market have repeatedly been banned. The common tactics used by these listed companies are nothing more than collusion with large shareholders and a small number of institutional investors, or false statements, inflated profits, and leaked messages in advance. As a result, the large shareholders and related stakeholders have made the illegal and chaotic people get countless "easy money".

It was treated unfairly.

For example, some time ago, the shell resource concept stocks rose wildly, so that investors who knew the insider information in advance got their profits. For such a serious violation of the "three principles" of the securities market, the best choice for investors was to vote with feet, so that such a listed company was completely marginalized.

Let these black sheep of the capital market get the proper punishment.

For regulators, the construction of the capital market system is particularly important. Playing the thematic function of marketization does not necessarily mean lack of supervision or supervision. For these "bad children" in the capital market, from the regulatory system, we must let these "bad children" leave a lot of tainted records on the credit records. In the future, similar refinancing of listed companies should be strictly audited, and the threshold should be raised.

In addition, although the delisting system of the A share market has been launched for many years, it has always been in the name of nothing. It is necessary to let those listed companies that fail to reform the "bad kids" really withdraw from the market, so that they can play a proper warning and disciplinary function.

In addition to praising and rewarding "good children", a healthy developing capital market should also impose heavy penalties on those "bad children", set up a firewall from the system and system, and put the bad children in the cage, so as to purge the market atmosphere and make the market clear.

To abide by the rules of the game, besides moral self-discipline, we need to protect the system and mechanism. An important aspect of the perfection of the system and system is the effective disciplinary mechanism.

For those investors who are involved in insider trading, interest pfer and other behaviors of listed companies, they must also be given a real weight, so that violation costs exceed the opportunity cost, so that they can be afraid of those interests and insider traders in the face of illegal activities.

Over the years, the image of "bad children" in the capital market has been many. Apart from the problems of listed companies, it is also because the other participants in the market are too low in violation costs, making other participants in institutions and other markets dare to follow the law of luck and repeatedly teach.

If they are allowed to violate the law for a long time, they will be punished for life. If there is no possibility of violation of the law for the second time, they will be able to restrain their lawlessness.