Recently, on the first day of listing, he "shorted himself with securities".Jindi sharesAttract the attention of the market.

TodayJindi sharesRise by the limit againWalk out of three consecutive boardsAt 44.45 yuan, with a total market value of 9.739 billion yuan.It is still a long way from the closing price of 48.27 yuan on the first day of listing.

The CSRC yesterday responded to the huge margin sale of Jindi shares on the first day of listing last week.According to the current verification, the above margin lending business is in line with the current regulatory regulations, and no problems such as detour reduction or collusion to transfer benefits have been found. In view of the rules reflected by the market that senior executives and core employees of listed companies participate in strategic placement, we will fully listen to the opinions of all parties and further demonstrate and evaluate them.

How does the stock trading business happen on the first day of listing?

On September 1, Jindi shares were officially listed.Issue price 21.77YuanIPOThe highest price of the stock on the first day was 61 yuan, and the closing price was 48.27 yuan.

Margin data show that the margin margin on that day was 4.5832 million shares, that is to say, a total of 4.5832 million shares were sold, accounting for about 1/10 of the outstanding shares, with the sale amount reaching 221 million yuan.

Coincidentally, the announcement of the initial public offering results of Jindi shares showed that the company's executives and core employees participated in the special asset management plan set up in this strategic placement, totaling two shares, with a total allocation of 4.7009 million shares, with a total allocation of 102 million yuan. the sales limit is 12 months.

Compared with the balance of Jindi shares on the day of listing and the scale of its asset management plan, the difference between them is only 117700 shares.

Therefore, the topic of Jindi shares "short-selling themselves" has aroused widespread concern in the market.

Some market voices once speculated that the more than 4.58 million shares sold by margin on the first day of Jindi's listing came from strategic allotment of restricted shares.

This guessIt was confirmed yesterdayThese shares are indeed strategic placement restricted shares held by the company's executives and employees.Although the sale of these shares is restricted, they are only not allowed to be sold by themselves. however, they can be lent to brokers through financing.

CSRC: will further demonstrate and evaluateRules for the lending of war-matched restricted shares

According to the SFCSeptember nineteenthNotification ofAfter verificationAfter the senior executives and core employees of Jindi shares participated in the strategic placement, on the first day of listing, the asset management plan lent the stock to the securities finance company through the financing business. then transferred by the securities finance company to 13 securities companies, 124 investors (including 35 individual investors and 89 private equity funds) sold from 13 securities companies.According to the current verification, the above margin lending business is in line with the current regulatory regulations, and no problems such as detour reduction or collusion to transfer benefits have been found.

In response to the market questioning whether borrowing-restricted shares will be reduced in a detour, the head of the relevant departments of the Securities Regulatory Commission said that the Securities Regulatory Commission strictly supervises the lending of securities by strategic investors and will fully listen to the opinions of all parties. further demonstrate and evaluate the rules of periodic stock lending after executives and core employees of listed companies participate in strategic placement.

Securities Regulatory Commission"I will strictly supervise the securities lending of strategic investors, and clearly require the relevant parties not to reduce their holdings in any disguised form or conspire to transfer benefits in any way, and will deal with them seriously in accordance with the law once they are found," he said. "

Buna Xin, vice president of the Science and Technology Industry Investment Branch of the China Association for the Promotion of International Science and Technology and executive director of the strategic investment think tank, said that the purpose of the rule is to increase liquidity at the initial stage of listing and reduce speculation in new stocks.

Wang Jiyue further pointed out that in order to restrain the pricing of new shares and the space for speculation after listing, and to solve the problem of the source of securities, the CSRC has introduced a system of strategic allotment of restricted shares to allow margin trading.

"if the stock price rises too high, there will be short selling to calm the stock price, and retail investors are generally not used to or even do not know and will not operate margin trading. In this case, if investors lose money, the mood will be greater." Wang Jiyue said so.

A number of listed companies respond urgently

In fact, the case of Jindi shares is not alone.

Since August, a total of 45 companies have listed on A-shares, and 11 companies have been shorted by a large number of securities on their first day of listing. Among them, Hengda Xincai's bond lending rate has reached an astonishing 62.6%.

On September 18, a number of listed companies responded to the practice of "short selling" on interactive platforms.

Kejingyuan listed on Aug. 11, and then gradually fell back after its share price reached a peak of 128.8 yuan per share on the day of listing. As of September 18, the company's share price was as low as 57.8 yuan per share, a drop of 55.12%, which was even lower than that of Jindi shares.

When asked whether the company sold through the conversion of restricted shares to short selling on the first day of listing, the company said that it did not participate in the securities lending business and would strictly comply with the relevant laws and regulations, regulatory regulations and requirements to fulfill its information disclosure obligations.

Hewei said on the interactive platform that the company does not lend shares to securities firms to do margin trading business.However, its margin balance rose to 3.9133 million shares from 2.226 million shares on Sept. 7, according to public data.

In addition, Hongde shares also said on the 18th that the top ten shareholders of the company were not involved in the securities trading business after verification. More than 10 listed companies, including Dunhuang seed industry, special electrician, Mongolian grass ecology, Changchun high-tech and so on, have clarified on the 18th that there is no such behavior.