Terminalcables

Shenzhen city new rules back toward the gem international, international practice a big step forward, significantly increased the marketization retreat city guide portions and pressure. From the concrete to see, 'strict' character overhead of the retreat city is the best new rules generalizations. Don't support through the 'borrow shell' recovery listed, the sword refers to hype shell resources. Will the current gem stock listing rules specified in the two consecutive years of net worth of negative is suspended for listing, continuous two and a half years for negative net worth is listed on the back end time reduces for once audited annual financial accounting report shows negative net assets, the stock suspended for listing; For two years for a NFL hats negative net assets, the shares listed on the end, on the listed enterprises to form the real pressure.

Give the most profound impression, the listed company to suspend the listing of the financial recovery standards, with reference to the initial public offering and refinance calculation method to deduct the net profits and losses of the regular before and after what is low as earnings judgment standard. Strengthen enterprise management ability of their own financial situation hard constraint, and not rely on the smooth brought food. This phenomenon in the past really serious there. Since some of the listed company continuously accept financial subsidies and government became the capital market rare 'not dead bird'. According to the statistics annals last year, a total of 1454 listed companies received government subsidies, involving a value of RMB 46.34 billion, average each company received a subsidy for 31.87 million yuan. Since this year, ending nov. 28,, a total of 90 listed companies won the government's financial subsidies, involving subsidies amount of 3.9 billion yuan, average each get subsidy amount for 45 million yuan. Some listed company to get a government subsidy accounts for more than 50% of its profit. Many of the retreat city is on the verge of some companies due to receive government and ST listed or evade suspended the risk of retreat city. The government subsidies be some poor performance of the listed company of survival magic weapon, and made part of ST company become A share market of the 'not dead bird'. The gem market regulation 'deduct the net profits and losses of the regular before and after what is low profit as the judgment standard', that is financial subsidies and asset disposal this irregular income is no longer into the net profit, greatly strict gem suspended for listing recovery listing conditions.

The new rule to retreat city gem is two big new to withdraw from the market conditions. This is the overseas market experience for reference, reflecting the company standard operation conditions and the efficiency of the market to withdraw from the market conditions. Deserves affirmation and is better. But, I think, and further the tight strictly space. 'gem companies in 36 months by exchange accumulated publicly condemned the three times, its stock will end listed'. The author thinks that, one is for a long time, the NFL Jerseys second is the number in the year also have room for attachment points. Whether it can be changed to: as long as' by exchange denounced three times, its stock will terminate listed '. If want to annex time not, should the 36 months to 24 months for appropriate.

About 'gem company stock consecutive day 20 daily closing price are all lower than par value per share, its stock will terminate listed' regulation, the author thinks that, should with China's national conditions moderately increasing. By now A market in China has not yet found A share price fell below par. Therefore, the gem market share price changes for the marketization of retreat city conditions should be moderate strictly, share price to withdraw from the market bottom line should be moderate higher than face value certain scope.