Category: Money tips Release Date: 2007-06-28
One remembered that he had been reselling the experience of initial offerings, Chen Da-yong (a pseudonym) is still scared watching initial offerings and the sale of underground despite repeated prohibitions, he also felt some incredible how much.
"Is the naked fraud, basically that is criminal!" Mentioning a number of big property brokerage firm to be listed companies reselling the so-called initial offerings have been immersed in this industry for many years, Chen Da-yong told our reporter, "Light the illegal intermediary useless, distribution must also be severely punished malicious initial offerings of companies because as these companies all likelihood malicious fraud. "
Perhaps the early nineties of last century, China's stock market short-term riches myth of initial offerings to give investors the impression is too deep, and the concept has won popular initial offerings and is equal to profits. While some unscrupulous intermediaries, such as some property brokerage companies, investment advisory firm, low shot to sell the company's initial offerings to be listed on the banner of the United States, some investors could not help resist, everyone knows that a well-hidden behind a set fraud in waiting for them.
Chen Yong-old in Shanghai, a large-scale brokerage firm engaged in reselling the property rights of initial offerings and work, because by the conscience to condemn and fear of legal sanctions, he resigned early last year that earned black money to make a living, starting a small business in this sub-points. At a press conference promising not to reveal his true identity under the premise that he tells initial offerings and the sale of the underground, "food chain" on the layers of shady.
First of all, unscrupulous intermediaries to the central and western regions to persuade a number of biological pharmaceutical enterprises, which can be issued primary share offering financing for businesses are often able to impress. After obtaining the business with the intermediary began packing them. So a home "high tech", "biomedical" concept the company will be on stage, while "the United States listing" of these companies is highly condensed summary of Great Expectations.
The second intermediate target should be to tackle problems in various regions of the Assets and Equity Exchange, usually at high prices in the property rights exchange released by the packaging company's initial offerings and information to exaggerate the company's profitability and value-added potential for listing. The Property Exchange does not strictly carry out the review responsibility and let "be listed on the United States" This kind of false information out through its regular websites, and also promised to exchange property investors can apply for the purchase of initial offerings and transfer procedures, so that many investors are trading initial offerings and more convinced.
In fact, the majority of initial offerings and transfers and transactions in the so-called trading places, and has not been eligible for securities transactions, but rather set up some local governments do not have the equity transfer and hosting qualifications. "Some Assets and Equity Exchange no authority to apply for initial offerings and transfer procedures, initial offerings and transfer must go to apply for Trade and Industry Bureau." Chen Yong said that some property rights exchange scam in the initial offerings and played a "hired guns" of the disgraceful role, if this is not to be restrictions on underground trading initial offerings and will continue to have a certain market.
In Gaoding the upstream shell resources and information channel, the illegal property brokerage firm in order to get the share price of 1-2 yuan a number of shares, and then recruited a group of young people as an investment adviser on behalf of the residents through random phone calls at home in order to free stock analysts will be caught by clients under the guise of an intermediary's office, to do much to promote primary share offering. Have to be sealed documents listed companies, there are property rights exchange of information release, investors believed it is not hard to understand.
According to Chen Yong introduced in the most prosperous in 2004 that his property company, a division of the monthly turnover in over one million yuan, and some investment advisers monthly commission can reach fifty or sixty thousand yuan, the profits can be seen during . To expand the business, the owner of Da-Yong Chan also made great efforts to join the activities, as long as a month to pay 50,000 yuan management fee, anyone who wants to carry out initial offerings and the sale of the business, can hang their company brand.
It is understood that in 2005 only Shanghai there are at least 23 100 illegal reselling of intermediaries engaged in initial offerings and activities, there are dozens of types of stocks, mostly in Shaanxi, Sichuan and other inland provinces of medicine, agricultural companies, the total turnover is conservatively estimated there are several billions. Under the stimulus in the profits, and some intermediaries simply concocted a fake non-existent companies to sell non-existent initial offerings and cheated countless people.
Vast majority of investors to buy an intermediary to sell the initial offerings, the United States market is always within the foreseeable future, intermediary or under various excuses, or simply empty. Last year, police in many parts of the country is also disseminated to the public to guard against this initial offerings and investment cheated warning, asked the public not to believe in mediation exaggerated presentation.
Chen Yong suggested that in the national unity 'fighting' work, in addition to crack down on unscrupulous intermediaries, but also severely punish those who colluded with illegal intermediary companies, normative acts of property rights exchanges and do the work of investor education, so that initial offerings and trading, " the food chain "to crumble.
