Chapter 1414 [No one dares to be the first in the world]
Tian Jiayi, who had made a memorandum of matters, couldn't help but look at Fang Hong and said: "According to the current securities law, the punitive measures are not much bigger, and there is no specific legal basis, so it may be difficult to deter delisted companies."
Hearing this, Fang Hong said with a smile: "Who said we have to use securities laws? According to the Contract Law, there is no law to follow. When the time comes, a subordinate entity will be established with the endorsement of SGX.
Just sign an agreement with all companies registered for listing and add the new delisting regulations to the terms of the agreement."
Tian Jiayi suddenly realized.
In this way, there will indeed be laws to follow, and punitive measures can be ensured to be implemented in place. The major shareholders, actual controllers, or company bosses of the delisted company will not be able to rely on them even if they want. If there are laws to follow, they can be implemented.
Fang Hong added: "After the new regulations are implemented, companies that have already been listed will have to sign a supplementary agreement with their subordinate units. Those who are unwilling to sign will be forced to delist."
There is no doubt that Galaxy Enterprises will take the lead in signing, and other listed companies will basically sign. If there is news that a certain listed company does not sign, then the company's stock price will definitely plummet, and most investors will definitely do so.
The first thing I will think is that your unwillingness to sign means there is something wrong in your heart.
It is impossible for the stock price to hold up, and investors will definitely choose to stay away to avoid being devastated.
Tian Jiayi immediately asked: "When are the new regulations planned to be implemented?"
Fang Hong thought for a while and said: "Let's set the time point in May and June next year, and the implementation will be in the third quarter of next year at the latest."
Hearing this, Tian Jiayi nodded.
This is a major new regulation that must be fully considered and will take some time. It cannot be rolled out all at once.
After a while, Fang Hong added: "Let SGX study the details. Half a year should be enough. For example, is it possible that someone will use the loopholes in the new regulations to harm the legitimate interests of the issuer? I think so.
It is possible. The SGX market must protect the legitimate interests of investors as well as issuers. New regulations cannot be thrown out on the head and must be fully considered."
The SGX market has adopted a series of measures to protect investors. Because the issuer has a natural advantage, it must help enhance the investor's advantage to achieve a balance.
However, evil behavior does not distinguish between issuers and investors. They are all likely to do evil. Issuers will also have weak people, and investors will also have strong people.
It is not ruled out that some powerful investors may harm the issuer. The interests of the issuer also need to be effectively protected, rather than blindly favoring investors, which will instead become an accomplice and ultimately bring negative effects to the entire market.
There is no doubt that the announcement of this new regulation will greatly boost investment confidence in the SGX market.
Fang Hong also wants to take advantage of the current time window to pave the way for this matter and firmly weld this rule, because in the future, Guo Jia's companies will sooner or later land on the SGX market.
These companies are even stronger.
It's not a big problem for large rice-seeding companies, no matter what, Team Guo Jia is there to take care of it.
But in some places, it is difficult for state-owned enterprises to say that, and relying on their status, they may even feel emboldened. If I force myself to do it, I will just lie down and leave it to pieces. Aren’t you going to make everyone numb in this situation?
It can be seen from this that if the road is not paved in advance and the rules are not set firmly, and if these powerful companies suddenly land on the SGX market, and then try to do this, the resistance will be very great.
Fang Hong didn't want to have a whole pot of soup spoiled by a few mouse droppings after he had put so much effort into setting up the place.
Now that the rules are completely set, even if it is very difficult to implement the strong national companies that have been delisted in the future, it will at least guarantee that they will always be reasonable when pursuing recourse, and they can basically guarantee a stable win when fighting a lawsuit, which means
No matter how difficult it is, at least there is always hope, and there will always be a day of light.
Fang Hong is also very confident that if the rules are completely set now, they will not be easily overturned by others, because by that time, the SGX market index will definitely be above 10,000 or even 20,000 points. At that time, the SGX
The market value of the market will be staggeringly large.
Moreover, Fang Hong has been working hard to actively promote "savings relocation". This is the biggest force protecting order. From now on, most of the people's savings will be in the stock market.
This rule is one of the foundations of SGX. If anyone dares to pull out this fundamental thing, investors will be terrified, the market will be shaken in an instant, and the confidence of the entire capital market will be severely damaged.
, investors retreated in a stampede.
The consequence is that the entire market collapses, and even ten cows cannot be pulled back. The entire financial market will detonate a systemic crisis in a huge earthquake. If hundreds of millions or even billions of people's money evaporates because of the market collapse, systemic crisis will occur.
It is a high probability event that financial risks will inevitably be transmitted to entities, and then trigger turmoil.
If the SGX market at that time had a crash similar to the catastrophic market in 2015, the destructive power would be more than ten times greater than that in 2015. The catastrophic market in 2015 was already very bad, more than ten times worse, and it is unimaginable.
.
This is tantamount to breaking the news. Who dares to take responsibility for such a huge relationship? It is not as simple as the next class. It will really lose your head. Even if you don't kill it, it won't be enough to quell the anger of the people in the world.
Yes, the relevant persons involved will definitely be uprooted later, and a big prison will inevitably arise. If you don’t lose your head, you will step on a sewing machine until it emits smoke.
Even in the wave of 2015, there were still a lot of sewing machines.
Some people may be tempted in the future, but they will never dare to do it. No one dares to be the first in the world because they cannot afford such consequences.
…
As the New Year's Day holiday ends, the time comes to Wednesday, January 2, 2019.
The A-share market ushered in the first trading day of 2019. However, the first trading day of the new year had a good start. The three major stock indexes collectively opened higher in early trading. After the opening, they opened higher and moved lower. The Shanghai Stock Index fell below the 2,500-point mark.
It once hit its previous low.
This chapter is not over yet, please click on the next page to continue reading! Thematic stocks performed relatively strongly during the session, including the 5G sector, infrastructure and other sectors.
In terms of individual stocks, Dongfang Communications on the Shanghai Stock Exchange has broken out of the daily limit of the three-link board. The stock seems to have the leading temperament of the 5G concept. In the past two and a half months, it has risen from the bottom price of 3.70 yuan to today's price of 12.62 yuan. The cumulative increase has reached
241.08%, Fang Hong was also deeply impressed by this stock.
Because in the previous life, the number one bull stock in 2019 was Dongfang Communications, which was highly speculated by the market. At its highest price, it reached a price of 41.88 yuan, a rise of 10 times.
However, there is a question mark as to whether it can be speculated to a price of 41.88 yuan again, because compared with Fang Hong's previous life, it is not an exaggeration to say that the overall market environment is earth-shaking. There are no retail investors in the two neighboring cities.
, this is also an important reason why it is difficult for big monster stocks to surge more than five times in the short term in the Shanghai and Shenzhen stock markets.
Without the participation of retail investors, there is a high probability that institutions will not play, and it is not fun to cut each other with sickles. They are just foxes who have been thousands of years old.
There is a high probability that Dongfang Communications will not be able to achieve a tenfold increase again. The entire market environment has changed!
As the market approached the end of the afternoon, the brokerage sector made some changes, bucking the trend and pulling up a bit. Grassland Securities once soared 7%, followed by Tianfeng Securities, Grassland Financial Holdings and others.
As of the close, all three major trading markets closed in the green. The NSE 50 Index closed down -0.83%, at 4225.48 points; the Shanghai Stock Exchange Index fell -1.15%, at 2465.29 points; the Shenzhen Component Index fell -1.25%, at 7149.27 points.
The total trading volume of the three cities is 738.3 billion. A few days ago, the daily trading volume of one of the SGX markets was more than 700 billion. The SGX has also shrunk to 512 billion today. Compared with the two cities next door, it is indeed very large, but for the SGX
For the market, this is land volume.
The two cities next door are even worse. The Shanghai Stock Exchange Index has directly fallen below the 100 billion mark, with only 97.6 billion today, and the Shenzhen Stock Exchange only has 128.7 billion.
