Influence of shareholder reduction on stock: 65,438+0. First of all, it dilutes the total amount of funds in the secondary market. Because major shareholders reduce their holdings by 1%, they often bring tens of millions or even hundreds of millions of yuan out of the securities market, especially from the perspective of financial investment. Once the major shareholder's reduction behavior is sustainable, it will curb the bull market atmosphere in the A-share market and cool the A-share market. The second is to remind financial capital from the perspective of industrial capital, because even the controlling shareholders have begun to reduce their holdings. Then, why do small and medium-sized investors, as financial capital, struggle to support it? Therefore, the reduction of major shareholders is equivalent to providing a new valuation scale.
2. First, it revitalized the chips in the A-share market and improved the liquidity of the chips in the A-share market. After all, some major shareholders have reduced their holdings not because their share prices are seriously overvalued, but because of financial problems. Second, once the chips reduced by major shareholders are absorbed by the market, the stock price will rise again actively, which is likely to strengthen the bull market atmosphere in the A-share market, just like the previous stocks such as CITIC Securities and Suning Appliance rose all the way after the restricted shares were lifted.
I. Judicial interpretation
Reduction, a special term for the stock market and futures market, reduces the number of stocks or futures indicators. Non-tradable shares can be circulated and then thrown out for cash, which is called reduction. In particular, it refers to the stock selling behavior of major tradable shareholders of listed companies in line with the Guiding Opinions on the Transfer of Restricted Shares of Listed Companies, and timely disclosure of information. Not suitable for ordinary investors. Because the size of the non-holding shares is almost zero cost, and the secondary market price of tradable shares has been speculated to a high level, once the stock market reverses, the size of non-holding shares will stop profit by hook or by crook. Therefore, before the introduction of new policies and measures, small and medium-sized retail investors should study the new characteristics of non-reduction, and do the following in the rebound.
Shareholder's reduction has a great influence on shares, which may lead to market fluctuation and is not conducive to the survival of small and medium shareholders. In judicial practice, shareholders are not allowed to withdraw their capital contribution, but can only transfer their shares through certain commercial procedures, but they must be studied and approved by the shareholders' meeting, and the transferred shares must be explained so as not to adversely affect the company's operation and development. The specific situation should be determined in combination with the actual situation.
Second, under what circumstances are reductions not allowed? Under any of the following circumstances, the major shareholder of a listed company may not reduce its shares: 1. If a listed company commits an illegal act and files it with the CSRC, it shall not reduce its shares. 2. The major shareholder has been publicly condemned by the Exchange for violating the business rules of the Exchange for less than 3 months; 3. Other circumstances stipulated by laws, administrative regulations, departmental rules, normative documents and the business rules of this Exchange.