First, it is easier for companies to go public than before, so it is no longer necessary? Back door? , many? Garbage company? Difficult to do again? Shell resources? Gorgeous turn or just move on.
Second, the delisting rules are more stringent. Many companies do not need to withdraw from the market according to the previous standards, but according to the new regulatory standards, they may have to withdraw from the A-share market.
Companies can withdraw from the market, retreat to the New Third Board, or even disappear completely from the public trading market;
However, with the transfer of the trading market and the reduction of trading volume, shareholders will not only bear the losses caused by the stock price crash, but also face the dilemma of losing all their money.
Delisting from the market, almost losing everything, some investors encounter such embarrassing results, and finally have to bear such incredible risks. How many pairs are there everywhere, from securities companies to exchanges? Need to be cautious when entering the market? The Notice gives the most vivid interpretation of its connotation.
Of course, whether it is mature enough or not, our market is still improving.
On the one hand, a few failed investments will force many immature investors to withdraw from the market.
On the other hand, our regulatory authorities are constantly seeking various grading mechanisms for the market, investors and listed companies? This can especially help our market grow and mature.
If there are any shortcomings, we need to try to reform, and we should focus on two points here (to be discussed):
1, whether to carefully limit the number of investors in the market and make it clear that the upper limit of the number of investors does not exceed a certain proportion of the total population. Undoubtedly, it is not a better practice for a society to direct everyone's attention to the investment market; Many production activities need people's more attention.
2, whether the total number of listed companies should also be strictly limited, clearly not exceeding a certain proportion of the total number of registered legal persons of joint-stock companies. With the help of digital currency and Industrial Internet, it is expected that the financing efficiency of many enterprises will change, and it will be completed intelligently and at low cost through commercial big data (without the intervention of many accounting firms, exchanges and other intermediaries; Or the staff in such intermediaries are likely to transfer part of their work to the Internet platform).