Category: Money tips Release Date: 2006-12-01
Regulators recently issued the "securities registration and settlement management approach." It is learned that the "measures" will be held July 1, 2006 be formally implemented. The "measures" An important element is to implement real-name system for the securities accounts, securities registration and settlement institution for the first time explicitly direct the investors to open a securities account to provide investors in the securities account shall not be my offer to others to use, right to open a securities account and the use of process violations, securities registration and settlement institutions and related institutions will be punished.
A large number of loan accounts to others in order to manipulate stock prices, is the bookmakers used a trick. Makers through the use of dozens of hundreds of others, accounts, scattered on the target stocks to hold, so that relevant laws and regulations in order to avoid first regulation, listed companies published four times a year a list of top ten shareholders of tradable shares, if the person does not Zuozhuang accounts for dispersion, it can easily exposed to the public; and secondly is to facilitate the operation right down the stock, making a false turnover, attract other investors to follow suit. "Measures" After the implementation of the banker and then want to play these tricks are not so easy.
Now that the securities account for securities companies to open an account agency business, if the securities company and the dealer collusion, it is still difficult to implement real-name system for the securities account for this, "measures" clearly stipulates: "Securities companies should control their customer information and credit conditions, and its clients the use of a securities account monitoring. securities firms found that the use of its customers in the securities account for irregularities in the process, it should be in accordance with the securities registration and settlement agency business rules processing and timely manner to the securities registration and settlement institutions and stock exchange reporting . involving corporate name of another person to establish a securities account or use another securities account of trading in securities should also be reported to the China Securities Regulatory Commission, will be punished by the China Securities Regulatory Commission in accordance with law. "As a result, from the source to contain the dealer market manipulation, to protect the interests of most investors will not be infringed.
If in the past, the real-name system of accounts the promulgation of regulations, may have caused substantial financial impact on the market and psychological pressure. But in the past few years, with the stock market decline, a large number Meng Zhuang Zhuang defended disappear from the market, which accounts for securities implementing real-name system to create a more stable market environment. Now, start a securities account real-name system will largely prevent future recurrence of the phenomenon PLAY.
Compliance with the various types of funds into the market, as foreign funds and domestic funds came in a "sea," the free flow of capital, the trend has gradually taken shape, rational investment into the current market-led investment philosophy. Related systems in the ever-improving market environment, Zuozhuang living environment will become increasingly worse, the new profit model will result in long-term value investing large amounts of capital-based entity.
