[Shenzhen Business Daily] (Reporter Chen Yanqing) In 2016, the A-share market fell sharply in a row, and the GEM became a disaster area. In just two weeks, the GEM index fell by nearly 30% at its maximum, and after rebounding yesterday, the decline was still as high as 20%.
It is worth mentioning that the collective proposals of the first 28 companies on the GEM disclosed by Yiwei Lithium Energy, Huaxing Venture and others in the announcement at noon yesterday were once again dazzling. It is mentioned in the proposal that "28 enterprises have taken initiatives together, so that we can take positive actions to enhance the confidence of investors with practical actions and continue to play a central role in stabilizing the capital market."
For example, Huaxing Venture announced at noon on Thursday that the company received a notice from the controlling shareholder and actual controller, Cheng Xiaoyan, that he would not reduce his shares in the company within half a year and that he would participate in the GEM C28 Club's Initiative on Each Member Company to Stabilize the Capital Market with Practical Actions.
Up to now, among the first 28 listed companies on the GEM, Toread's major shareholders have promised not to reduce their holdings within one year, will continue to promote employee stock ownership plans, and will launch equity incentive plans at the right time; The major shareholders of Huayi Brothers, Trede, Laimei Pharmaceutical, Lichen, Aier Ophthalmology, Yinjiang Shares, Baode Shares, Geeya Technology and other companies promised not to reduce their shares in the company in the next six months. In addition, major shareholders of GEM companies such as Baotong Technology, Qianshan Pharmaceutical Machinery, Meiansen, and Huace Testing have also disclosed the announcement of relevant shareholding increase plans and the announcement that they will not reduce their holdings within a certain period of time.
The GEM index rose 5.59% yesterday, which was extremely eye-catching. Among them, 60 stocks rose by the limit. Among them, the stocks that promised not to reduce their holdings, such as Laimei Pharmaceutical and Baode Shares, showed strong performance.
In this regard, Yang Delong, the chief strategic analyst of China Southern Fund, told reporters yesterday that "the collective commitment of the first batch of listed companies on the GEM not to reduce their holdings will help ease the market's concern about the reduction of major shareholders. In the future, it will not be ruled out that more companies have committed not to reduce their holdings. As one of the market indicators, the GEM rebounded sharply yesterday, significantly driving market sentiment. It is expected that the short-term market will enter the stage of shock and rebound, ending the unilateral decline trend before. "
Song Qinghui, a well-known economist, said that the recent market slump, many GEM companies announced that they would not reduce or even increase their holdings, which helped stabilize market confidence. I believe that other companies will follow suit. After all, the continuous sharp decline in stock prices is not good for investors or shareholders.