Wu Qingyi, chairman of the China Securities Regulatory Commission, worked overtime to burn three fires when he took office, which sent a clear signal to the market: Ten years of investigation, this time it is serious!
First of all, he severely fined those brokerages who speculated in violation of regulations, and found out the ghosts hidden behind them, so that the black sheep of the market had nowhere to hide. Secondly, he hit the ills of IPO financial fraud with heavy punches, even if the application has been withdrawn, he will not let go, making the counterfeiters pay a heavy price. Finally, he also imposed heavy fines on the gatekeepers of intermediaries, even if they faced bankruptcy, they had to issue huge fines, making the market more strictly regulated.
Chairman Wu Qing is a bold leader, and he made it clear: "Punishment should be punished, arrest should be arrested, and it will never be vague just because it is the Spring Festival." This attitude allows market participants to see the determination and strength of the CSRC to maintain market order.
After the Spring Festival, the China Securities Regulatory Commission continued to make big moves. From February 18th to 19th, in just two days, the China Securities Regulatory Commission held more than ten symposiums and personally led a team to the brokerage business department for investigation. This approach of going deep into the grassroots and being close to the market has made market participants feel the concern and importance of the CSRC for the market.
According to a report, the biggest disagreement between the China Securities Regulatory Commission and the market is whether to suspend the IPO, but whether it is suspended or not, it is the consensus of all parties to strictly control the IPO access and strengthen the strict supervision of the IPO process. This shows that the market's attitude towards IPOs is prudent and rigorous, and everyone wants to see a healthier and more orderly market environment.
The China Securities Regulatory Commission will also check the ten-year financial data of IPO companies, which is undoubtedly shocking news for market participants. In particular, those "demon stocks" that have skyrocketed in the short term, the listed companies whose performance has changed their face and whose stock prices have plummeted after listing have become the targets of key inspections. This means that the CSRC will conduct in-depth investigation and analysis of those companies with problems, so as to find out the root cause of the problems and provide a strong guarantee for the healthy development of the market.
At the same time, companies that are in the IPO queue stage, or even have withdrawn their materials, will also be subject to strict review by the CSRC. This means that both companies that have successfully listed and those that are waiting to be listed must strictly adhere to the rules and standards of the market or face serious consequences. This kind of comprehensive supervision and review will contribute to the standardization and healthy development of the market.
In addition, the China Securities Regulatory Commission will also strictly control the IPO entry threshold while improving the delisting system, smooth IPO exports, and resolutely clear out unqualified listed companies. This initiative is a powerful measure aimed at fundamentally improving the quality of listed companies and increasing investment returns. This means that the CSRC will pay more attention to the quality and value of listed companies, rather than just their quantity and size. This will contribute to the long-term healthy development of the market and provide investors with more reliable investment options.
Under the reverse investigation, it is expected that some enterprises with large 'water injection' components and long-term inflated operating income and net profit will be found to be heavily fined, and the corresponding intermediaries are estimated to be unable to escape punishment." This statement once again demonstrates the determination and strength of the CSRC to maintain market order and protect the rights and interests of investors. Those problematic enterprises and intermediaries will find it difficult to escape the punishment and sanctions of the China Securities Regulatory Commission.
One of the purposes of this backcheck of the financial data of the IPO is to eliminate the inferior enterprises. In this investigation, the interest groups in the IPO ecological chain may be trembling, and the 200 million shareholders and 700 million people will collectively cheer and applaud. This means that the market will become fairer, more just and more transparent, and the rights and interests of investors will be more effectively protected.
Of course, reverse investigation is a very deterrent means, but the key is to impose heavy penalties. In the past, the China Securities Regulatory Commission (CSRC) held it high and put it down gently every time, which was an abusive act of aiding and abetting fraud. This time, catch a few to set an example for the monkeys, so that the market can completely return to rationality and let the market develop steadily. This is also what Chairman Wu Qing emphasized: "We must take a zero-tolerance attitude towards market violations and resolutely safeguard the fairness, justice and stability of the market." ”
A-shares have never lacked money, nor have they lacked good companies, but what they lacked was confidence and trust. I hope that Chairman Wu, who is resolute and resolute, can investigate well and relentlessly, and completely uproot the root of the disease of A-shares. Only in this way can the money of A-shares really help good companies that need money, which is the luck of A-shares and investors. This is also the common expectation and voice of all market participants.
In short, the 10-year IPO retrospective review is a very important initiative, which will contribute to the standardization, health and long-term development of the market. At the same time, it also requires the joint efforts and support of all market participants. Only when everyone works together to maintain the fairness, justice and stability of the market can we usher in a better tomorrow.
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