Listed Companies Are Able To Issue Stocks In The Stock Market.

What is the main way to get funds by letting others buy their company's stock? The most important thing is credit, that is, the company's status and development prospects which are presented to investors through formal documents such as prospectus.

If investors believe this is true and agree, then investment will be introduced.

Especially for those financial investors, they bought the company's stock on the surface, but in fact they are betting on the company's reputation.

As long as the company has a reputation, then the investment risk will also be concentrated in the macro environment and operation. In terms of corporate governance and governance, it can be considered to be basically able to pass.

However, if a listed company does not have credit, in a broad sense, such dishonesty includes incomplete information disclosure, fictitious business data, breach of promise and other illegal violations in the operation of the company.

In a narrow sense, it mainly refers to information fraud and failure to fulfill commitments.

According to reason, this situation is not allowed even in non public companies, and it can not be imagined even in listed companies.

After all, because of the company's dishonest behavior, it objectively shows that the actual situation of the company is different from the original description, which makes the foundation of the investor's original stock change.

In this case, theoretically, investors can ask the company to withdraw shares or compensate for the corresponding losses.

In addition, from

From the point of view, it is also because the company has broken its promise. In fact, it has appeared unsuitable.

Therefore, we should consider delisting it.

Otherwise, enterprises can continue to be mixed up in the ranks of listed companies even if they fail to trust, then this is actually sending out a very negative signal, that is, irregularities can be benefited, which objectively becomes a reward for dishonest behavior, and ultimately plays the role of bad money driving out good money.

We believe that the new delisting regulations should be strictly implemented. For those companies that fail to commit themselves, if their actions cause significant damage to investors and mislead, the company's intermediaries should also assume corresponding responsibilities in addition to the company's compensation and the responsible persons. At the same time, the company should also be delisted.

In the past delisting Ordinance, only the company has lost three consecutive years, or it can not be disclosed for a long time.

Will be delisted.

As for the company's existence of dishonesty and so on, after being exposed, it is the condemnation of the exchange at most, and the listing status of the company itself will not be affected.

The most typical Wanfu branch was cheating the listing by way of fictitious profits, which is a serious breach of faith.

However, after the problem was exposed, although the company executives were dealt with criminally, the stock market was fined only 500 thousand yuan, and its listing qualifications were retained.

After this incident was exposed by the media, the public opinion was loud.

Such a company without sincerity can still continue to be listed. Is this not a direct basis for challenging the integrity of the securities market? After this incident, the relevant authorities have stepped up the revision of the delisting system. The important adjustment is to stipulate that any company that has serious violation of regulations can force the delisting.

Not long ago, ST Bo Yuan, who had serious irregularities in information disclosure, was forced to be delisted by the Shanghai stock exchange.

At the moment, people are still concerned that a central enterprise has promised to complete industrial integration within 5 years and eliminate competition with another company under the same controller.

But now that the time has come, the central enterprise has announced that it will postpone the integration. The promise of that year has been torn away.

Such enterprises, whether it still has the basic requirements for listing? If not, should it be delisted? If it can not be delisted, other companies can also continue to be listed if they violate their promises. Another gem company was soon exposed to false statements, and it also involves the authenticity of the listed information.

For this company that should not have been eligible for listing, it is doubtless that it should not be listed again because of its dishonesty. Should its listing status be retained?