The battle to defend 3,000 points has started again! The strictest new delisting rules have frightened small-cap stocks, and more than 700 stocks have fallen to the limit
China Fund News Taylor
Brothers and sisters, today's A-share is approaching the 3,000-point mark again, and the defense war is once again started. And the strictest new delisting rules have frightened small-cap stocks and micro-cap stocks.
On the 16th, A-shares suffered a downward kill, with more than 700 stocks falling, more than 5,000 stocks falling, and less than 300 stocks rising.
The three major indexes opened lower today, the ChiNext Index and the Shenzhen Component Index fell by about 2%, the Shanghai Composite Index fell 1.65%, the Shenzhen Component Index fell 2.29%, and the ChiNext Index fell 1.97%. Northbound funds sold nearly 2.8 billion yuan.
The overall market sentiment was sluggish, with only the oil, coal, banking, and household appliances sectors rising.
China Railway Assembly rose by more than 10%, and China Haicheng and Zhonggong Hi-Tech rose by the limit.
The reason for today's market plunge, the first is the weakness of the external market, the US stock market fell hard last night, and the major Asia-Pacific stock indexes collectively fell today. European stocks opened lower, with Germany's DAX down 1.36%, France's CAC 40 down 1.44%, Britain's FTSE 100 down 139%, and Euro Stoxx 50 down 1.42%.
The second reason is that micro-cap stocks have collectively collapsed again, and the index has fallen by more than 10%. CSI 2000 fell more than 7%!
The reason for the plunge of small-cap stocks and micro-cap stocks comes from the latest new delisting regulations, which have lowered the number of years, amount and proportion of delisting triggered by financial fraud, and adjusted the existing indicators of more than 500 million yuan and more than 50% of the amount of fraud for two consecutive years to more than 200 million yuan and more than 30% in one year, 300 million yuan and more than 20% in two years, and fraud for three consecutive years or more, with the aim of effectively curbing financial fraud. The "Delisting Opinions" focus on improving the overall quality of existing listed companies, and increase the efforts to clear out "zombie shells" and "black sheep" through strict delisting standards, so as to reduce the value of "shell" resources.
However, there are voices in the market today that this move is aimed at allowing real potential companies to grow and grow with the support of the capital market, and strictly crack down on illegal activities behind the "shell speculation", and it is not aimed at "small-cap stocks". The new delisting rules set specific indicators for each delisting situation, and the scope of the clearance is clear and unambiguous, and it is a misreading to mistakenly believe that all "small-cap stocks" will be affected.
Speaking of which, Taylor has to go out and deliver food today.