When the new regulations were issued, they were once called "the strictest in history", but in fact, the maximum fine for violations of the law was only 600,000, and the deterrent effect was really too limited.
So, just two days after it was promulgated, I Le Home and Oriental Fashion "ate crabs".
Of course, the result was very happy, and I was finally fined 50 million, and the actual controller of Oriental Fashion was even arrested, and it seems that the punishment is quite large.
But in fact, the two listed companies were because they pulled out the radish and brought out the mud, and when they checked the violations, they accidentally exposed other more serious illegal acts.
I am insatiable, the proportion has reached 5%, and I have not stopped, and I have continued to cash out more than 100 million, so a large amount of money, even if there are no new regulations, I have to be heavily fined.
The actual controller of Oriental Fashion was arrested because of suspected manipulation, and the severity of the plot was directly pulled out to the highest level, in contrast, the violation ** is just pediatrics.
That is to say, for the punishment of violating the new regulations, there have been no pure practical cases for more than 3 months, and everyone is still avoiding the limelight, not daring to act rashly, and not knowing how deep the water is.
Recently, the punishment accepted by Cai Xiaoru, the actual controller of Xiaosong shares of the listed company and the richest man in Zhongshan, Guangdong, can be regarded as helping all the actual controllers of A-shares who are stumped by the new regulations to explore a way.
According to the penalty decision of the Guangdong Securities Regulatory Bureau, the cumulative dividend of Xiaosong shares in the past three years accounted for only 19% of the average net profit, which did not meet the requirements of 30% of the new regulations, but the actual controller Cai Xiaoru ignored the new regulations and quietly sold 9530,000 shares, with a market value of about 10 million.
More than 10 million is not much, it depends on how big Xiaosong's shares are, a total of 3 billion market value, 10 million is equivalent to 03%, which is not less.
The point is, the nature is also somewhat harsh.
The new regulations issued on August 27, Cai Xiaoru quietly set up on September 4, that is, when I Le Home Furnishing and Oriental Fashion were full of wind and rain in the city, not only knowingly committing crimes, but also committing crimes against the wind.
In this way, it should be severely punished, otherwise, it will not be enough to deter other eager to try.
However, the result was unsatisfactory, and the Guangdong Securities Regulatory Bureau issued a penalty of taking regulatory measures and ordering corrections, without warnings and fines.
What kind of punishment is the regulatory measure, which is equivalent to circulating criticism, admitting mistakes, writing an inspection or something.
As a result, Cai Xiaoru immediately issued an apology announcement and promised to repurchase according to the ** quantity, and if there is a profit, it will be handed over to the listed company.
Cai Xiaoru's attitude of admitting mistakes is very good, and the action of correcting mistakes is also very timely, and two days later, he issued an announcement saying that the repurchase has been completed, and the more than 700,000 yuan earned from the price difference has also been handed over to the listed company.
And then, that might be the end of it.
It is worth mentioning that the protagonist Cai Xiaoru is not a first-class white, but a capital veteran.
There is a listed company in A-shares called Dahua Intelligence, which was founded and developed by Cai Xiaoru and his mother, but the actual controller is no longer Cai Xiaoru.
Why, because Cai Xiaoru was too obsessed with playing with capital, he cashed out and sold the controlling stake in Dahua Intelligence.
According to the ** report, Cai Xiaoru once tried to merge and acquire 6 companies in 2015, which shows that the appetite is not ordinary.
Today's Xiaosong shares were originally called Kinglight, which belonged to Cai Xiaoru's friend Tian Chou, Tian Chou's fate was not good, and he died in his 40s, and his wife Jiang Xiaorong was unable to operate and transferred the controlling stake to Cai Xiaoru.
In 2017, Cai Xiaoru obtained a controlling stake in Kinglight for 1.1 billion yuan, holding two listed companies, and the scenery was unlimited for a while.
But in China, those who play capital will eventually be eaten by capital, and the former Delong system, tomorrow system, Zhongzhi system, etc., have not escaped this curse.
In 2019, Cai Xiaoru's debts were thunderous, the shares of two listed companies were frozen, in 2020, the shares pledged to CITIC ** were auctioned, and in 2021, it was also restricted from high consumption by the Zhongshan Court.
Until now, the industrial and commercial inquiry information shows that the investment platform company under Cai Xiaoru's name is still a dishonest person, and Cai Xiaoru still has two restrictions on high consumption and 27 pieces of equity freezing information.
Walking by the river often makes it inevitable to get your shoes wet, and for such an old comrade, the punishment should actually be more severe.
How to say it, the cost of violation is too low, we often use "three glasses of fine wine" to compare the punishment is too light, and this, not to mention the punishment of wine, don't even need to go to the wine table, ** admit a mistake and forget it.
This reminds me of the conviction of theft, a thief, who stole someone else's money, after being caught, took the initiative to admit his mistake and returned the stolen money, is it not considered theft.
Obviously, no.
As long as the theft is committed, the crime of theft is committed, and as for the voluntary return of the stolen money, it can be considered that there is an act of remorse, and it can only be considered as a lenient punishment at the time of sentencing, and it cannot change the nature of the theft.
The starting amount for theft is 1,000 yuan, that is, more than 1,000 yuan, the maximum sentence may be 3 years.
Back to Cai Xiaoru's violation, although the shares are their own, but not according to the rules is equivalent to "stealing", if the penalty corresponding to cashing out 10 million is to admit mistakes, then our system should really be upgraded.
Both exchanges have been established for more than 30 years, and if the easing in the past was to encourage development, then now that A-shares have become the world's second largest market capitalization ** exchange, it is time to tighten the management system.
Strict, not only to punish those who break the rules, but to make the road of the ** market wider and wider.