On 20 14 12 19, Zhang Xiaojun, spokesman of CSRC, reported the law enforcement work of Zhongke Wang Yun, Baiyuan Trousers Industry, Ningbo United, etc. 18, and said that the suspected institutions and individuals had been investigated.
Wang Zhibin, a lawyer of Shanghai Jiesai Law Firm, told the Investment Times reporter, "The fact that the CSRC named 18 listed companies has shown that the regulatory authorities have sufficient evidence. Whether to start administrative procedures or judicial procedures in the future depends on the size of the target amount. Those who meet the criminal filing standards constitute a crime. "
Among 18 companies, Ningbo United is the most striking one. Xu Xiang, a private equity tycoon, holds as many as15.54 million shares, making him the second largest tradable shareholder after Zhejiang Rong Sheng. At the shareholders' meeting in April this year, Xu Xiang's Zexi series of trust products proposed that Ningbo jointly implement high delivery and transfer, but it was ultimately rejected by the shareholders' meeting.
Some market participants have questioned that private equity funds have a certain right to speak because they hold a large number of shares, and the ultimate goal of high delivery is to successfully ship after the stock price rises sharply.
The performance of companies such as Xinke Materials and Winsome Jewelry also reflects this feature. In the history of winning number jewelry, it has never been sent too high. After Zexi's intervention, the company rarely implemented 10 to 12, and then Xu Xiang's products ran away. New materials also continued this trajectory. Private equity products hold a large number of positions, announce restructuring, high delivery and other benefits, and then private equity products use the frenzied market atmosphere to flee.
Affected by this incident, the share prices of 18 listed companies plummeted collectively, and Xu Xiang's heavy stocks also plummeted rarely.