In recent years, with the advancement of China's registration system and the acceleration of the pace of IPOs, the number of listed companies ranks first in the world. However, there is a problem behind this phenomenon: the quality of listed companies is uneven. While pursuing rapid time-to-market and short-term gains, some companies' long-term development capabilities and sustained profitability are often overlooked. This poses a potential risk to investors and also affects the healthy development of the entire market.
In this regard, we must think deeply about how to adjust the listing threshold to ensure the improvement of the company's quality. While lowering the threshold for listing can increase market activity, measures should also be taken to screen out companies with growth potential and sustained profitability. Only under the premise that the company's quality is guaranteed, can the market develop steadily and healthily.
As the threshold for listing is lowered, investors face more choices, but at the same time, they also face more risks. Therefore, the threshold for investor protection should also be raised accordingly. At present, the market is overly lenient towards major shareholders**, ignoring the issue of investor protection. Companies should focus more on improving the quality and value of the company, rather than just focusing on the behavior of major shareholders.
More importantly, we need to establish a sound legal and regulatory system to strengthen the review and disclosure of the financial affairs of listed companies to reduce the uncertainty and risk of investors. Only by protecting the rights and interests of investors can we attract more funds and resources to enter the market and ensure the fairness and justice of the market.
Liu Jipeng questioned the SSE's 18-month** rule. He believes that this kind of regulation indulges the "fast in and fast out" investment strategy to a certain extent, ignoring the long-term development of the company. What's the point of a market where a company can't survive for long and consistently create value for investors?
The behavior of major shareholders seriously affects the stability of the market and undermines the fairness and transparency of the market. A more perfect mechanism should be established to strengthen the supervision of the behavior of major shareholders to prevent them from abusing their rights and causing adverse effects on the market.
If the market pursues the growth of wealth excessively, and ignores the protection of investors and the regulation of the quality of listed companies, then even *** will only be a short-lived bubble. Once the bubble bursts, it will damage not only the confidence and stability of investors, but also the entire market.
Therefore, we must recognize the importance of market stability and investor protection. Only by establishing a fair and just market environment and protecting the rights and interests of investors can we lay a solid foundation for the long-term stability of the market.
Liu Jipeng's criticism has triggered thinking about some of the current problems. We should pay attention to the issue of investor protection, strengthen the supervision of the quality of listed companies, adjust the listing threshold, and establish a sound first-class mechanism to ensure the stability and healthy development of the market. Only in this way can we promote economic development while protecting the rights and interests of investors and achieving long-term sustainable development. It is hoped that the future will be more fair and just, and create greater value for investors.