Category: Money tips Release Date: 2006-08-08
For China's stock market downturn, the market rose continuously below the support, the record low of the status quo, the party and the government attached great importance to be launched, including "Country 9" "reduction in stamp duty," including the even behind the policy, but to no avail, slightly pale. Recently, at the Diaoyutai small opening of the National Stock Market Investor Protection Oversight Board (also known as retail Oversight Committee, referred to as "scattered JMC"), Conference on the State Department aware of the principal leaders plan to rely on outdated economic policy interventions do not work the stock market has also know that small investors (retail investors) on the positive role of promoting the stock market, and also to smash the Gates Foundation and other foreign hot money conspiracy, summoned the participants during the meeting on behalf of individual investors, a total business plan to revive the stock market. After the General Assembly on behalf of all the brainstorming and eventually reached a consensus and to the State Council issued on behalf of emergency "on the capital market to promote stable development of reform and opening up a number of new ideas", are also nine major policy, with the original "National 9" phase difference , also known as "New Country 9", also known as "casual nine," the implementation of immediate effect. The main contents are as follows:
The first abolition of state-owned shares, the original all the existing state-owned shares in proportion to tax-free gift is not ex investors. In the future flow of capital structure of listed companies are no longer contains the state-owned shares (ie the state is no longer held Holdings), and no non-tradable shares. Listed companies are former state-owned shares held by investor proportion of all ex tax-free gifts.
Article II is no longer issuing new shares, while resolutely put an end to additional phenomena. Fan Xu listing the new company in the future in principle to acquire 50% of the old stocks of listed companies to obtain the qualifications for listing transactions to achieve holding the old post to change the company name for the new listed company name listing. Resolutely put an end to the phenomenon of additional means for misappropriating will no longer approve the issuance of the new program.
Article III, to change a two-way price limit for a one-way drop limit. In order to meet the international community to pass the "two-way one-way change," rules of the game, the original two-way up the 10 percent decline in the restrictions fall into one-way restrictions, that is no longer restricted one-day gain, only for single-day drop restrictions, a minimum of one-day drop limit shall not be below today's closing price the previous day's closing price.
Article IV, the implementation of institutional investors publicity system, and restrictions on institution speculation. Abolition of institutional investment in the Xi Pan, Zhen Cang, shipping activity, limit behavior of a long sideways (sideways behavior can only exist in the day time-line, not allowed to appear in the Japanese K Line), only allows La behavior. Agency La conduct must be publicized a week in advance to inform all the small and medium investors. If no advance publicity, affecting medium and small investors can not buy shares in the low body, will be the interests of investors, 10 times the amount of loss compensation for mental damages.
Article V, that "stocks branch system, Bank rate", that is put into the stock market funds are a deposit system, and with the bank interest rates separately, each perform different interest rates. Actively encourage lending from banks to invest in stocks, right into the stock market all loans be interest free. Right into the stock market's cash balances by bank interest rates over the same period 10 times the settlement of the shareholder's stock market value converted into cash by bank interest rates 20 times over the same period settlement. Be exempt from all generated by trading all costs, including transaction taxes, the issuance of tax, income tax, commission and so on.
Article VI, to encourage civil servants, salaried class and workers, farming sectors of broad participation in the stock market. When the matter at all levels, departments should implement as an important future task for some time, party committees and governments at all levels must be included in the agenda. The Central Government has allocated special funds, local governments should be given to matching funds. Must actively do to mobilize, to play the stock market in the above-mentioned persons, in addition to special funds by the central government subsidy, by age 10 thousand yuan per year, local governments must also Package 1 million yuan to show encouragement, all the relevant funds are not allowed to recover the principal amount of not able to collect any name, such as occupation fee or interest.
Article VII, adjust the government's work time and the stock market trading hours. To cater for civil servants, salaried class and workers, farming sectors play the stock market, while not affecting the normal operation of government work, the government working hours and the stock market trading hours to make the following adjustments: Government working days from the original five days a week to adjust 4 working days, that is, to go to work Monday to Thursday, Fridays, Saturdays, closed on Sundays. The stock market trading hours Monday to Thursday noon, 12:00-14:00, 19:00-21:00 pm, Fri, Sat, Sun open 24 hours a day, cancel the stock market three days off, the small golden week holidays.
Article VIII, the implementation of the interests of investors and listed companies linked to the system. Investors bought shares of listed companies that can on-demand access to listed companies, products and related benefits. For example, as follows:
Purchase of shares of the power energy sector: Non-electric energy use, costs, initial installation fee, materials fee, petrol, fuel charges;
Purchase of shares of the communication plate: free cell phone purchase fee, the bill, monthly fees, to significant costs, trade-in fees;
Purchase of shares of the network blocks: free Internet access fees, and information costs, broadband monthly fees;
Purchase of shares of the computer section: Non-Computer purchase costs, equipment upgrades, hardware and software upgrade fees;
Purchased the shares of the transport plate: free transportation, human cargo transportation costs, parcels etc.;
TV coal purchased the stock plates: free TV network access fees, subscription fees, satellite encryption subscription fees, the annual rental;
Purchase of shares of the manufacturing sector plate: Non-vehicle purchase fees, medical fees, royalties related products;
Purchase of a construction plate stock: Non-building costs, building materials costs, design fees, decoration fees;
Purchased the shares of financial and insurance sections: Non-insurance premiums, gifts and so do not limit the right of withdrawal.
Article IX, increased investment supervision, unified supervision of the use of the compass software analysis and management. All the stock index after the close daily supervision, where a day after closing CYS �0, lock-plate �0 shares will be locked automatically monitor the date of the compass or cause large single sale of this situation a single agency network of IP, In addition to automatically release from the compass punitive viruses, cancel one-year deal qualification, according to the law before the judiciary according to the procedures for processing, causing serious consequences, will be held criminally responsible.
