Category: Money tips Release Date: 2006-11-27
If someone says, our goal is: are housing. Some people may incite that wrong, it should be "have a room to live"! Fredrick Termin in such a sense of the textual representation of the people who appear to have housing and there is room to live are two different things: There are always a must, there is room may not be.
Stock market guide the split share structure reform of the general principle is to protect all shareholders, especially the flow of the legitimate rights and interests of shareholders. In this regard, the market did not say wrong. However, the specific implementation process, the "right price" and "compensation" concept also emerged such as "all houses" and "have a room to live," their differences.
For the "right price", this word is also braved hot fashion, may be it recognizes you, we do not necessarily know it. In fact, the "right price" relative non-tradable shares in terms of access to the circulation of the right, but "compensation" is a relative circulation shareholders for losses incurred; the same time "compensation" is a retrospective on the past history, and the "right price" shall be is the estimation of the impact of reality. So, fundamentally, the "right price" non-tradable shareholders in order to obtain commitment to the circulation of the right to pay the price, and therefore a "interests of the exchange," rather than the history of stock price changes caused by a compensation for investment losses .
In reality, however, the public is often chasing "compensation" for the word and hold: 10 get 2 no, 10 not enough to send 3. If only Kouzhuo "compensation" is the word, then the shareholders of tradable shares is actually a requirement of non-tradable shareholders accountable for their investment losses. If you think so, in fact, beyond the pilot's right on the price of the legal basis, and naturally into the scope of investment to compensate for losses. So it is also a kind of policy and market misjudgment and misleading. If we issue from a legal point of view, it plainly, the "right price" is the interests of all parties in the market game in a negotiating capacity.
Chairman Shang Fulin said the other day is also very clear, in the split share structure under the conditions of circulation of non-tradable shareholders and the interests of shareholders, "sub-set of." The split share structure reform pilot started in the Italian title is to solve this "benefit split." The problem is that we tend to be such a "split interest" Nature is not a natural coherence against each other. If this opposing the establishment of tradable shareholders to seize the "compensation" for the word link, and also too easy to understand. After all, the outstanding shares of shareholders have made a number of listed companies can not deny all the great sacrifices and contributions!
Since the "compensation" is not "right price", since the two types of split share structure reform reflect the legitimate interests of shareholders, as the majority of investors, we should in the "right price" game to play its active role. In particular, as in a weak stock is relatively dispersed somewhat difficult to form a joint force of the outstanding shares of shareholders, the law should take up arms, learn to "hand vote" and safeguard their legitimate rights and interests. Fund as an important representative of the shareholders in circulation, with the major shareholders of the game has a good Dai Lege. Many hands, the flame was high. Now also depends on our own.
