, wearing the cloak of the financial industry, is actually a mudslide in the agricultural industry - China Financial Holdings successfully attracted people's attention after experiencing a plunge of nearly 82% yesterday, with a transaction of two or three cents. After being frantically sold out like investors' clearance sale!
Just when the editor was incredible that Bai Baihe cheated and Hongyun shares rose in large volume. The reason for the plunge in China Financial Holdings' stock price has also surfaced.
1: The reason is only six words - shareholder pledge and liquidate
. This shareholder is Zhu Yuanbiao, one of the top ten shareholders of China Financial Holdings .
Hong Kong Stock Exchange disclosed data shows that Zhu Yuanbiao holds 359.848484 million shares of China Financial Holdings, accounting for 5.57% of the total share capital. It is precisely because Zhu Yuanbiao's pledged equity has suffered to cut .
2: Zhu Yuanbiao - one person pledged, tens of thousands of people were damaged
According to media reports, Zhu Yuanbiao pledged about 270 million shares and 90 million shares of equity in Changjiang Securities and Shoukong Securities respectively. It is equivalent to pledging all his shares in China Financial Holdings to two brokerages.
, but it was not filled due to insufficient overseas fund reserves. It was not until yesterday at 10 a.m. that the call was received by Changjiang Securities to pay the margin, and then China Financial Holdings started a plunge mode. Changjiang Securities first cut its position, with an average price of around 3.35 cents, and then Shoukong Securities also cut its position.
3: A profound lesson--Don't be fooled by a noble name!
First look at the name of China Financial Holdings, you may think it is a central enterprise, a state-owned enterprise, a very high-end financial holding group. However, they don’t know that they are just an agricultural company with agricultural products as the main business. They were renamed China Financial Holdings in 2015. Last year, the company’s total operating income was only more than 90 million yuan, and the market value was only 1.2 billion yuan before the plunge, and after the plunge, there were only more than 500 million yuan left.
Not long ago, Huishan Dairy had just staged a plunge, falling 85% in half an hour. In the blink of an eye, mainland investors who held Huishan Dairy stocks through Hong Kong stocks tong lost a total of 2.3 billion.
The incident of China Financial Holdings and Huishan Dairy tells us two truths:
1. Routines are everywhere. For retail investors, the Hong Kong stock market is not necessarily safer than A-shares;
2. Don’t be the president of the Appearance Association in Hong Kong stocks, as you will be cheated to death by looking at your name.
I feel sorry for my friends who bought China Financial Holdings! We who are in the light will never know what will happen suddenly behind us.
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