Category: Money tips Release Date: 2006-04-07
Nanjing investors Zhu Yaoming, known as "Zhu big" in Jiangsu, Zhejiang ring quite a reputation around the stock market. But "Zhu big" recently was a bit unlucky, he was a few years ago Keno illegal manipulation of science and technology stock prices, the Chinese Securities Regulatory Commission ruled "permanent Shichangjinru." Recently, it has issued a half-month-old ban was the news media uncovered, although the excitement level of female fans can not keep up Lanzhou Starchaser Andy Yang Lijuan Hong Kong led to the news of his father perish, but "Zhu big" reputation in the circles concerned, This message can also be said to be shocking.
More than the media in reporting this news when the say "Zhu big" would henceforth not stocks for life. This assertion is based is that there is a local official said: "Shichangjinru means, Zhu Yaoming my investment activities will be subject to monitoring, Xi Wei reference pat block WO Cured fed real good screen grate squat Tuan î?6 î?away î?î?buck pigs and dogs to do a little posthumousă¨îŽ î?î?respect the right to vent fresh â?lazy!? / p> The official statement of attitude, in fact can be seen as the "Shichangjinru"'s interpretation. So, what he said? We China Securities Regulatory Commission may wish to turn in last year issued "securities Shichangjinru rule", Article IV, such a definition: "The China Securities Regulatory Commission of measures taken by the Securities Shichangjinru personnel, banned during the period, in addition to not continue in the same institutions engaging in securities business or of a former listed company directors, supervisors and senior management personnel of their duty, nor in any other institutions engaging in securities business or to hold any other listed company directors, supervisors and senior management positions. "
Interpretation of this provision, first be clear that the treatment of proscribed persons, if it is in the "body" in the, should not be able "to engage in securities business", if in the "body" engaged in non-securities business, where second-line whether the work could be it? Provision does not clear, however, no prohibition shall be allowed under the law the principle seems to be possible; and if the person is in the "listed company" in, you can not act as "directors, supervisors and senior management", as to be a general staff, and even served as a department's leadership, also appear to have no legal obstacles. Sailed the seven seas of "Zhu big" is willing to go to institutions or listed companies to make a man sent by the "low-wage earners," we do not know yet the official stance is clearly prohibited personnel will magnify the law a.
The problem is that, "states that" Article IV of the "institutional" lack of clear legal definitions. What is the "agency"? Opening Chinese Dictionary, said to be "organs, groups, and other work units", this explanation is pointless, obviously can not be applied to the "requirements" at home. "Requirement" that the "body" has its specific meaning, referring only securities companies, futures companies, securities investment funds, consulting firms and other securities market securities intermediaries. All of these institutions securities issuance and trading business is, obviously, like "Zhu big" kind of person, to illegal transactions commonplace, in such a body to work, let him continue with the market conditional core "intimate contact" it is very inappropriate. From this standpoint, "provides that" prohibited persons in the "body" and "Listed Companies" in the representation of the difference has its reason, because the latter's main business is not security. But when it comes here, we can also see that, "rule" one of negligence, most listed companies now have special securities business sector, obviously, like "Zhu big" This kind of prohibited personnel, not to mention, in which as a department heads, that is, as a general staff is also inappropriate.
Explicitly states that "Shichangjinru" the legal definition, we can find, say, "Zhu big" would henceforth be "life should not stocks," and also be in doubt, at least for the moment the lack of legal basis. "Zhu large" under the "Shichangjinru" punishment, there are clear legal limits, he still has citizenship, he was not deprived of right to work, as to whether he can participate in equity investment activities, as long as he was in full compliance with securities laws relevant regulations, it should be said is permissible. China Securities Regulatory Commission in 1995 issued "Provisional Regulations on Securities employees eligible to administer," Interim Provisions of this remains valid. According to the "Interim Provisions", "Zhu big" do not have the qualifications to engage in securities business, but the state has never issued an eligibility requirements relating to securities investors, therefore, "Zhu big" is actually the same as possible with any one investor, engage in equity investment activities. Of course, "Zhu big" investment activities in the relevant departments under the strict surveillance, can no longer as before things get out, in fact, no one has previously allowed him to chaos, the only market regulatory loopholes to provide him with a multiplicative of the machine. It is worrying that, although "Zhu big" exposed and subjected to a treatment, but because of the market environment has seen no fundamental change, therefore, all kinds of "Zhu big" will continue to produce. In fact, in the current market conditions, even a "big Zhu," I am, in order to avoid the regulatory authorities to continue monitoring violations stocks, it is estimated is not a difficult thing.
As a result, China Securities Regulatory Commission ruled "Zhu big" permanent Shichangjinru it not a bit redundant? Not. "Zhu big" Because of the use of illegal trade means big money-making, already has a considerable economic strength, and the shares of the original Xinhua securities firms, he used his home security company in the hands of power, misappropriation of clients large margin, eventually leading to this securities companies had good earnings were closed. Moreover, in order to "Zhu big" economic strength, the formation of several investment institutions has also led to a conditional use of different agencies in different accounts right down transactions, in fact, he is the manipulation of Keno technology to do so. Convicted of Shichangjinru, he has lost the qualification shares of securities companies, but also loss of form with the Securities and Exchange as a business investment institutions qualifications. Hence, "Zhu big" like the true black sheep exposed to restrict the scope of activities in the stock market, is by no means meaningless.
