8 appear on the market type of impawn of stock of certificate business defect counter-purchases dispute, specified amount of total experience record is made an appointment with 7.6 billion; "Shu strands fund " hold water in succession, big environment been turninging,
Arrive from close cooperation dispute is ceaseless, the Bo Yizheng of certificate business and client is being performed, gut also inverts at any time in, the client also can look for reason to tell certificate dealer after break a contact, also meet the way of play chess of suicidal type rich that hold a memorial ceremony for gives certificate business expect to be less than. And this backside advocate the stock impawn type that because because the stock market is fluctuant,be,causes counter-purchases dispute.
The near future, southwest negotiable securities releases announcement to say, the company serves as " management of a directional asset plans impawn of Yuan of Xin of southwest negotiable securities " administrative person, according to this endowment canal plans client statement, provide a plan at representing this endowment on November 16, 2018, to to lodge a complaint of court of Chongqing city senior people, application accuses a group limited company newly to be counter-purchased into stock impawn type with respect to Xin Guangyuan solely trade undertake responsibility of breach of contract, principal and interest reachs penalty due to breach of contract, retaining fee to wait related liquidate aggregate 841 million yuan (plan of of short duration) . It is reported, chongqing city is at present advanced people court already issued " accept case advice note " , decide put on record is accepted.
In fact, have ceaselessly since this year appear on the market type of impawn of stock of certificate business be involved in counter-purchases business dispute in. Reporter of new capital newspaper occupies Wind data not complete count, up to now, already had southwest negotiable securities, Shen Mohong source, medium the letter is built cast wait for 8 to appear on the market certificate business, released stock impawn type to counter-purchase litigant dispute / the announcement of arbitral case, amount of total experience record is 7.6 billion yuan about. And in light of contrast, last year annual, only Founder negotiable securities appeared one case incident of stock impawn dispute, amount is 192 million yuan.
8 appear on the market amount of amount of record of certificate business experience 7.6 billion
Sign up for a reporter according to new capital not complete count, since this year, already had southwest negotiable securities, medium the letter is built cast wait for 8 to appear on the market certificate business released stock impawn type to counter-purchase dispute lawsuit / arbitral announcement, total amount is 7.6 billion yuan about.
Among them, the stock impawn of Pacific Ocean negotiable securities counter-purchases amount of dispute experience record highest, it is 1.307 billion yuan about, involve a case 3 cases in all. And be in 3 cases this in the case, the experience record amount that Pacific Ocean negotiable securities and limited company of investment of trade of Beijing grand Ze Jia, summer builds all stock impawn to counter-purchase business issue desk is the biggest, amount to 510 million yuan.
Announcement shows, on September 26, 2016, 27 days, pacific Ocean negotiable securities and limited company of investment of trade of Beijing grand Ze Jia sign stock impawn type to counter-purchase trade relevant agreement, for Beijing grand limited company of investment of Ze Jia trade deals with stock impawn type to counter-purchase trade. Limited company of investment of trade of Beijing grand Ze Jia supports wisdom of some summer of 51 million day with its stock impawn gives a company, blend in initiative trade capital 510 million yuan. On May 25, 2018, pacific Ocean negotiable securities and Xia Jian all were signed " assure a contract " , conventional summer builds all to serve as guarantor to Beijing grand limited company of investment of Ze Jia trade assumes joint liability to assure to assure.
Because stock market is fluctuant, the stock value that course of study of Beijing grand Ze Jia invests limited company to offer impawn already fell the lowest of broken bilateral agreement honors the agreement safeguard scale, and its did not pay interest to the company on time, punish breath, penalty due to breach of contract and relevant charge. Close right increase to safeguard oneself, pacific Ocean negotiable securities already saved to lodge a complaint of senior people court to Yunnan in June 2018, at present Yunnan saves senior people court to already accepted this proposal.
In addition, still have southwest negotiable security, western the type of impawn of share of 4 certificate business such as negotiable securities counter-purchases dispute lawsuit / arbitral amount exceeds 1 billion yuan. In the meantime, because the negotiable securities that start line of business steps on share of the great in thunder, also be immersed in stock impawn type to counter-purchase issue desk in.
Actually, since Shanghai deep bourse rolled out type of impawn of the stock inside field to counter-purchase business in June 2013, this business already made the main tool that solves industry financing gradually. Institute of economy of negotiable securities of the letter that occupy a country is not the data that silver-colored group publishs, the stock impawn type of our country counter-purchased business dimensions 2017 was to exceed 1.6 trillion yuan more.
But before this, the circumstance that certificate business counter-purchases business to be immersed in dispute because of stock impawn type or arbitrates is not much, appear again and again however this year, does the reason where?
The country believes institute of negotiable securities economy to be not silver-colored group to consider to think, the tight situation that stock impawn business appears fluctuates with the market on one hand relevant, on the other hand with policy environment be closely bound up.
Wind data shows, up to on November 28 closing quotation, on card index already fell inside year go 21.33% . Public figures of afore-mentioned ministry of finance of negotiable securities of large certificate trade sign up for reporter explanation to say to new capital: "Major stock impawn is to drop this year broken wind controls a route. Additional, 2016 and 2017 is stock impawn erupt a particular year that type rises, it is to expire this year for the most part, short debt is so senior cast bring about expire reimbursement pressure also erupts this year centrally " .
The rich after break a contact weichis: The client uses lawsuit protracted, use annulus await freeze business blocking certificate
A public figure of ministry of finance of negotiable securities of large certificate trade tells a reporter, the mainest way that at present certificate business settles stock impawn type to counter-purchase dispute still adjourns and negotiate reimbursement, "Be no good really can deal with impawn stock in 2 class market only, be not solved again, certificate business can take legal step. Certificate business can take legal step..
So, counter-purchase business to be about to be close to the client of break a contact to stock impawn type, how will be certificate business solved again? From interview a circumstance to look, when certificate business is handling this work, the position is in weak force.
One does not wish the employee of certificate business a gleam of of sign one's name says to reporter of new capital newspaper, raise bid actually segment is very important, "We have active right when raising bid, but buy sheet to be immersed in passivity. Have some of company impawn for example 5 100 million, we are very difficult sell go out, can sell slowly only, also do not have method really. When having, the client can seek all sorts of ground protracted, look for reason to accuse us for example, so we also are forced to follow legal order, the process goes they may be rich. The process goes they may be rich..
Public figures of afore-mentioned ministry of finance of negotiable securities of large certificate trade are speak bluntly more: "Actually what client has, have a client for example, stock by ST, next the stock that we froze them, the result appears on the market the stock of a him company large stockholder annulus await freeze (explain popularly even if many creditor come, demand repayment to come by turns) , getting stuck each other so. Getting stuck each other so..
New rule be born, certificate business deals with the loss of efficiency of mark of break a contact
Public figure of ministry of finance of negotiable securities of some large certificate trade still expresses, endowment canal new rule, decrease held be born of new rule, stock impawn new rule to reduce certificate business to deal with the efficiency of mark of break a contact.
The country believes institute of negotiable securities economy to be not silver-colored group to express, from 2017 in year since, superintendency branch is released in succession " appear on the market company shareholder, Dong Jian decreases those who hold share high a certain number of regulations " , " Shanghai stock exchange appears on the market thing of company shareholder and trustee, inspect, senior administrator is decreased hold share to carry out detailed rules " etc decrease oppose new rule, restricted stock fluidity, also reduced break a contact to deal with at the same time the efficiency of link.
Decrease oppose new rule provision, appear on the market company large stockholder, Dong Jian decreases those who hold share high through centering contest price to trade, ought to selling 15 when go out to trade to report and gave to bourse a few days ago first announcement.
"Accordingly, bring about infinite carry out current when break a contact, stockjobber cannot be in shorter time is immanent the negotiable securities that 2 class market sells a mark, and must trade to just can be entered in the future in 15 after break a contact deal with link. " the country believes institute of negotiable securities economy to be not silver-colored group to consider to express. In addition, decrease hold new rule to return set awful decrease held status, during firm of city of exemple as above is being investigated by put on record, impawn just cannot deal with through 2 class market the negotiable securities of mark.
Stock impawn type counter-purchases business certificate business to be in a dilemma
From the point of current condition, whether to continue to enlarge stock impawn type to counter-purchase business dimensions to certificate business character is a choice that be in a dilemma. Although, the reporter notices, the certificate business that has more than 2/3 is releasing litigant case declared at the same time, allege along with all the others " litigant matter is managed to company business, financial standing and liquidity do not have major effect. Allege along with all the others " litigant matter is managed to company business, financial standing and liquidity do not have major effect..
But the income that stock impawn type counter-purchases business to be brought to certificate business, profit still cannot be ignored, the country believes institute of negotiable securities economy to be not the research data that silver-colored group releases to show, 2017, impawn of certificate business share counter-purchases interest income to occupy business income to be controlled than hefting 10% . Accordingly, when this business occurrence problem, the income of certificate business and net gain also will get negative affect.
For example " step on thunder " happy inspect a net western negotiable securities expresses in the announcement that issued on March 6 this year: Company afore-mentioned involving " happy inspect a net " lawsuit of rise from all directions adds up to carry asset to decrease a value to prepare 439 million yuan, correspondence reduces a company to was become 2017 total of annual interest profit 439 million yuan, reduce profit of company net profit 330 million yuan. Wind data shows, last year western the net profit of negotiable securities drops compared to the same period about 33% .
If stop stock impawn type to counter-purchase business, certificate business will lose source of a business, but if continue to do this business, the stock impawn type that is about to once be operated with own reserves,be faced counter-purchases business to appear when major beak a contract, profit evaporates, the project works in vain.
A confirm of certificate trade public figure that does not wish to disclose a full name this view: "The stock impawn of our company counter-purchases business the in the industry rank end last year is more than 20. But in certificate business comprehensive strength is ranked in, before the company ranks an industry 15 the left and right sides. So administrative layer hopes to do this business all the time. The business target that makes first year after year today also is to ask to grow considerably, but touch went up stock impawn new rule is released, add a few of this year to drop, the mood of the company is a lot of more conservative, bring about the dimensions this year does not add this business to fall instead. But the board of directors has a demand to company outstanding achievement again, want to do this business again now so, decided a gross goal then, do not exceed but also cannot low too much, be equivalent to controlling total dimensions. Be equivalent to controlling total dimensions..
Big environment been turninging, certificate chamber of commerce is denied turn retreat to enter
In be in a dilemma between, what more certificate business chooses is " retreat " . According to the report, already much home appears on the market what certificate business and blame appear on the market is medium or small certificate business quited professional work of stock impawn financing. Wind data also shows, on November 1 ~11 month 29 days, stock impawn type counter-purchases business trade the frequency is 131 times, impawn number amounts to 2.251 billion, annulus drops than parting in October 84% , 53% .
The country believes institute of negotiable securities economy to be not silver-colored group to think, to certificate business, stock impawn counter-purchases the risk of business to basically include credit risk, blend in namely just fail to honor the agreement, cause be in harmony to go out to just suffer capital losing risk; Market risk, namely the risk with fluctuant price of place impawn stock, and liquidity risk, namely place impawn stock goes show ability inadequacy to bring about be in harmony to give square break a contact to deal with the risk that cannot cover financing principal and interest. "From at present market environment and policy environment look, the aggravate below credit risk and market risk resonance liquidity risk, as exasperate as corporation main area concern is not big. As exasperate as corporation main area concern is not big..
This year in October since the middle ten days of a month, superintending a layer advocate under, "Shu strands fund " hold water in succession, in order to alleviate company equity / stock impawn risk, in addition, according to media coverage, national endowment also offers the place such as Shenzhen, Beijing, Zhuhai in succession rush to the rescue appears on the market company. According to economic daily report, up to on November 28, certificate business, danger endowment and the Shu that each local government hold water or plan to hold water strand special fund dimensions to exceed 500 billion yuan. The risk that this faces to reducing certificate trade is timely rain undoubtedly.
Sign up for a reporter according to new capital not complete count, up to on November 28, added up to in November have exceed 400 to appear on the market the company released a stock to remove the announcement of impawn.
In addition, impawn of the stock inside field honors the agreement assure rate already picked up to 164% , pick up significantly first since dropping continuously by 2017 (end fell in October to historical low 149% ) . Judge accordingly, the gross risk of impawn of the stock inside field already began to improve. Whether can certificate business turn " retreat " for " into " , also deserve market attention.
New capital signs up for Xiao Wei of dispatch reporter Pan Yichun
