Zhang Yujun: once tried to avoid making OCT warrant investors lose money
http://www.sina.com.cn 11:40, December 2, 2007 Sina Finance
The picture above shows Zhang Yujun, General Manager of Shenzhen Stock Exchange. (Picture source: Sina Finance)
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Zhang Yujun, the general manager of Shenzhen Stock Exchange, revealed in his speech at the 6th China Securities Investment Fund International Forum today that during the exercise of OCT warrants, Shenzhen Stock Exchange tried every means to let investors exercise their rights, but on the last day, there were still 180000 shares that had not been exercised. Zhang Yujun said: "To what extent do I mobilize OCT warrants? I asked the management department of the company to citic securities I called and wrote a proxy exercise. When I said that no one approved me, the securities company was obedient and sent the report to my desk. I hesitated to let investors lose money or approve? The approval is obviously in conflict with the laws and regulations. If you don't approve the investors, you will definitely lose 9 million yuan. Finally, after thinking for a long time, you will still lose, because the investors can't afford it. This is an absolute thing. "
Zhang Yujun said that qualified market participants are capital market The key to maturity.
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The transcript of Zhang Yujun, General Manager of Shenzhen Stock Exchange,'s speech at the Fund International Forum