The listed company should not indulge in the financial game

02/15/2012 10:32

 

A-share market, whenever the listed company share price fall in the low or appear, industrial capital inflow 'JiuJia' once formed A and A scenery. And in this year, industrial capital have change as' financial capital ", but also attracted market "eyeball".

Recent on listed companies' financial capital 'news can emerge in endlessly, if after the announcement of single listed companies not enough to cause investors pay attention to words, so with the related announcement number of more and more, and the steady accumulation of quantity by qualitative change' already to market "had to the extent of the attention.

The listed company change as' financial capital "is mainly shown in two aspects. One is through the bank issuing entrust loan. Statistics show that in the first half of this year, total have 52 listed company issued a 112 'entrust loan ", the amount involved more than 16 billion yuan, an increase of nearly 38%. The second is the purchase of financial products. Since this year to New Era Hats early September, more than 70 companies released investment financial product announcements, involves the amount more than $20 billion.

Since this year, in the CPI continue to rise, inflation pressure under the background of high, raising rates, raise deposit reserve rate filed out of monetary policy, monetary tightening by, the influence of bank lending to the difficulty of the growing, the enterprise through the other ways to fund a vital means, and some of the listed company as idle fund to find a way out, a pot to 'fill', a pot to 'for', 'entrust loan' market more and more big reason just that. Also, some existence idle fund companies would be an eye on financial products.

Listed companies' long history 'use' circle money 'behavior has drawn widespread market Gou stains,' not circle circle ", "not white circle also white group", no conditions to create conditions of the stock market ' 'circle habit, not only cause question, it is to become maudlin. But, some companies listed on large sums of money it will circle, not do its main business, not for shareholders to create the greatest benefit, but played the financial game, such a listed company also worth investors trust and investment?

Without a doubt, the listed company indulged in the financial game, its negative impact should not be ignored. First, the original intention against financing. Because the difference of money to issue new shares or refinancing, the listed company should will embrace of capital investment to relevant project, in order to raise performance reward investors. Listed companies big play the game behavior finance, obvious contrary to the principle of good faith. In fact, while many listed companies is their own funds on the claims, but those through refinancing and play the game after the financial and how explanation? In fact but is left hand down the right hand only.

Secondly, put ourselves in risk situation. The NFL hats

Its not busy busy sideline occupations, the sideline as its main business do, is the current of the listed company of a large ecology. But financial game could not make the listed company and to realize the dream of, it is impossible to improve its market competitiveness and resistance to the ability of the risk, only do its main business, is the way of existence of the listed company, which is the best way to reward investors.

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