, which has been suspended for many days, has resumed the daily limit today, and has also led to a number of small-cap stocks with a total market value of less than 3 billion, including Jiai Technology, Yinxi Technology, Dinggu Jichuang, Nanjing Julong, and Guoli Technology, etc. on the GEM, with a total market value of less than 3 billion, to hit the daily limit. Aiskai can hit the daily limit because it will become the first company on the GEM to be listed through backdoor listing: the company will purchase 100% of the equity of Pengcheng Jinyun Technology Co., Ltd. through asset replacement, issuance of shares and payment of cash. After the transaction is completed, the company's main business will be changed from a plate making machine to a third-party IDC service provider. At the beginning, the ChiNext was not allowed to be backdoors, but later the China Securities Regulatory Commission changed its regulations: "Assets related to high-tech industries and strategic emerging industries that are in line with national strategies are allowed to be reorganized and listed on the ChiNext." However, the ChiNext is now sure to implement a registration system. How many times can the myth of the crow turning into a phoenix after the backdoor listing appear?
National People's Congress representative and TCL Chairman Li Dongsheng has three suggestions for the two sessions this year. One of them is to promote the healthy development of China's securities market: to extend the trading time of the securities market. Li Dongsheng said that the trading time of major domestic markets is the shortest compared to that of various countries and regions, with only 4 hours a day, and it is recommended to increase it to 5 hours. It is right to increase trading time, after all, the stamp duty on securities transactions increased by 20.1% year-on-year in the first four months of this year. But if Kancai Jun is qualified to propose, it will propose that A-shares increase trading hours at night, starting from 19:30 pm to 22:30, which is exciting to think about.
Nasdaq said on Tuesday local time that it plans to resume Luckin Coffee trading on May 20, Beijing time. Previously, Nasdaq had asked Luckin Coffee to delist. If Luckin Coffee’s appeal is unsuccessful, it will maintain the fastest listing record and fastest delisting record of Chinese stocks listed in the United States. Chairman Lu Zhengyao also issued a statement last night saying that Luckin has dealt with the responsible persons, reorganized the board of directors, updated the management, and actively carried out rectification based on the results of the phased investigation. However, Nasdaq actually asked the company to delist without waiting for the final investigation results. This was unexpected. The company was deeply disappointed and regretful about this. Lu Zhengyao also said that the funds obtained from pledging Luckin Coffee's stock are also used to support the business development of its various companies, and are not used for personal squandering, nor for transfer of assets. He is willing to accept any investigation. I don’t know whether Boss Lu squanders or not. What’s the stock prices of other companies under your company have fallen? Don’t you know what they think?
Luckin Coffee has basically been beaten to death by overseas short selling institutions. There is also a Chinese stock listed in the US - GSX. This year, it has been issued 6 short selling reports by 4 institutions, but the stock price is still very strong. These short-selling institutions include Citron Research, Grizzlies, Scorpio Ventures and Muddy Waters, and are still well-known. These institutions all think that GoShui’s financial fraud, inflated student numbers, and hidden related transaction companies. But GSX has always refused to admit defeat and has issued statements many times and explained its business data and model. Not to mention who you are learning to commit fraud, but this spirit of daring to fight against overseas forces is worthy of encouragement. If you earn a good reputation, it may be much easier to go to the Hong Kong stock market for a second time in the future.
JD 's stock price has hit new highs in a row, but JD 's influence is indeed declining. Last night, Liu Qiangdong, the boss of JD , posted a long article "Who is JD ", with more than 6,000 words. The article reviews the growth process of JD 17 and the important nodes in the company's development process. After JD was listed in 2014, there were problems in both business and management. Finally, internal and external conflicts broke out in 2018, and JD came to the "darkest moment". The article also quotes several poems: "The silver snake dances in the mountains, and the wax figures are galloping, and I want to compete with the heavens to compete with each other", "The flowers are gradually fascinating, and the shallow grass can lose its hooves", "The big enough to accommodate the crowd; virtue is enough to embrace the distance." At the end of the article, "Who is JD ? He is a dream-seeker, a perseverer, and a walker." The article is written in a grand and sincere manner. If it were two years ago, it would have been flooded on social media. However, the title at the beginning of the article: "Brothers", makes people feel a little dazed. After so many things happened, I don’t know how many employees there are in JD.com , and I still regard Liu Qiangdong as my brother.
