Category: Money tips Release Date: 2006-01-22
In June 1992, the first time in Shanghai and Shenzhen stock warrants trading. As the warrant price inflation fall, speculative stronger regulators at the end of June 1996 warrants the termination of the transaction. In the retired nine years later, the warrants will again this year, "coming out."
Tai Fei Yue warrant placement of shares of our stock market's first warrants the introduction of time in June 1992. October 30 the same year, Shen Baoan issued to the old shareholders, our first long-term (one year) Warrants: Bao'an 93 warrants, issuing a total 26.4 million. Baoan warrants a release on the warrants in the market set off a wave of prices from 4 yuan has been Chaodao 20 yuan, but the rate of return is always negative. As the duration warrants deadline approaching, it is inevitable crash. Subsequently, the Shanghai stock market has also introduced the Gold Cup warrants, Shenhua warrants, but they showed little reaction.
Shanghai and Shenzhen cities launched in the year 1995,1996 allotment warrants, or warrants A2. A2 warrants represent in the determination of the date of the placement of shares according to a predetermined value as a contribution warrants to subscribe for such stock certificates.
1995 and 1996, the Shanghai stock market launched Yueda, Fuzhou, East 100 and other stock warrants, the Shenzhen market were offered for Wu Phoenix, Hunan Zhongyi, Ha Hai-fa, Guiliu Gong, Fujian Fujian and other stock warrants.
Spike has been stopped
After the expiration of these warrants, because the market downturn, and turn allotment can not be implemented by the management approval, warrants extension of trading for six months. The extension to Market Makers provided a subject to manipulate the market, triggering market speculation warrants crazy. Is only 4.3 yuan and stock prices were more than 3 yuan Xiamen Haifa, Kyrgyzstan, light industry, warrants the price is even greater than the share price even higher, respectively, up to 6.78 yuan and 5.24 yuan. Is the price of 7 yuan Yueda shares, warrants the price as high as 15 yuan.
This deformity investment is not able to maintain long. After half a year due to market downturn, issuing warrants had been below the allotment price of some stocks, warrants then worthless. To Xiang Italy, for example, near the warrants delisting, the stock allotment price of 3.2 million shares had fallen to 2.8 yuan, warrants will become a piece of paper. As the warrant price inflation fall, speculation is so extreme that regulators at the end of June 1996 warrants the termination of the transaction. After no longer issue new warrants
