Every hot comment | Should be severely cracking down on false information as long as a high -tech person in Changchun

On August 18th, Changchun High -tech (SZ000661, the stock price was 17.169 yuan, and the market value of 69.49 billion yuan) suddenly fell sharply to the daily limit because the market rumored on the day of Zhejiang Province will collect growth hormones. 10 times.

Earlier, screenshots on the Internet were widely circulated. This screenshot was called the list of varieties for the third batch of drugs in Zhejiang Province. After Changchun's high -tech plunge, Zhejiang Province issued the "Notice on Submitting the first batch of continuing and the third batch of pharmaceutical concentrated procurement procurement data of the first batch of public medical institutions in Zhejiang Province". Variety and growth hormones have not appeared in the collection list.

On August 17, Changchun High -tech securities margin balance was 134,700 shares. On August 18, the securities trading was 161,100 shares and 274,200 shares of the lending margin was repaid on the 19th. Since Changchun High -tech is basically a continuous decline after August 18th, the shortcomings of the securities of securities on August 18 will buy stock repayment of stock repayment in the next few days, and they can receive a lot of benefits.

Does the personnel who fabricate and disseminate false information have participated in the above -mentioned securities lending, and does it constitute illegal and illegal? Article 56, paragraph 1 of the New Securities Law stipulates that any unit and individuals are prohibited from fabricating, disseminating false information or misleading information. The third paragraph of the third paragraph, that is, the staff who spread the media and their securities market information reports shall not engage in securities trading that conflicts with their job responsibilities. The fourth paragraph is new provisions, that is, fabrication, dissemination of false information or misleading information, disrupting the securities market, and causing losses to investors, shall bear the liability for compensation in accordance with the law.

With reference to the New Securities Law, this case can be analyzed from two perspectives. First of all, the relevant subjects may have civil liability for fabricating and disseminating false information. There is no doubt that all subjects, including the media, are within the scope of regulation of Article 56 of the New Securities Law. Because the above rumors do not match the facts, if investors have lost their losses, they should be liable for compensation. According to the author's understanding, the subject with civil liability is mainly the source of fabrication and dissemination of false information.

Secondly, the relevant subjects may also bear administrative responsibility. Article 193 of the New Securities Law stipulates administrative penalties for the violation of Article 56. The author's interpretation believes that the first paragraph may be the source of fabrication and dissemination of false information, that is, confiscated illegal income, and impose a fine of more than ten times or less (a minimum of 200,000 yuan) of more than ten times. For self -media such as communication media personnel, the third paragraph should be applied to confiscate illegal income and impose fines below the sale of securities. If the relevant subjects in this case are profitable, the more profits, the more administrative penalties may be.

It should be said that the shorting mechanism has important value for the securities market, and the short -term mechanism is called a stabilizer and purifier of the capital market. The supervision of the regulatory authorities is difficult to get all, and the short -term mechanism is based on the market to form a market -oriented supervision mechanism. The supervision of the administrative department is an effective supplement. Moreover, some listed companies tend to report good news and not worry about good news. Securities prices are more likely to be close to the internal value, thereby enhancing the stability of the market and reducing huge fluctuations.

Since the A -share market has established two merger mechanisms, the news of the short -term, short, and release of listed companies should be allowed. However, it is necessary to be legally compliant. Some subjects in the A -share market are short -term profit margin to make a profit from the fact that they are fabricated and disseminated with false information. The legal responsibility stipulated in it is very similar to the legal responsibilities of the market manipulation. The regulatory authorities should strengthen their strikes on such acts, and damaged shareholders can recover them in accordance with the law. It is not advisable to disseminate unbelievable trails from the media and other people, so as not to bear unpredictable legal responsibilities.

Daily Economic News

- END -