When a company's major shareholder or major shareholder is short of money, he can use the company's shares he holds as a guarantee to borrow from banks, securities companies and other institutions, which is stock pledge.

Stock pledge is a very common phenomenon in the stock market. When a company's major shareholder or major shareholder is short of money, he can use the company's shares he holds as a guarantee to borrow from banks, securities companies and other institutions, which is stock pledge. Stock pledge is a normal financing method for company shareholders. Whether stock pledge is good or bad depends on the situation, because the reasons behind stock pledge and the possible subsequent results may still have an impact on the trend of stock prices. What are the reasons for the pledge of

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The purpose of a company's shareholders pledge stocks is to raise funds, but why don't they sell the stocks directly to raise funds, but only pledge the stocks to lenders? There are two main reasons.

One reason may be that shareholders do not want to lose control of the company. For a company's major shareholder or major shareholder, if you want to sell the shares you hold, you may no longer be the major shareholder or major shareholder of the company, thus losing control of the company. By pledging stocks to raise funds, the ownership of the stock will not change, unless the shareholders who pledge stocks cannot afford to pay back the money, they can still control the company in their own hands.

Another reason may be that the shares held by the shareholder are in a state of restricted sales and cannot be sold through the secondary market. At this time, financing through stock pledge is the fastest way to cash out the stock.

Next, we need to look at the different reasons for stock pledge, whether the stock price is good or bad. Xicaijun will analyze it in four situations.

Analyze the good or bad according to the reasons for stock pledge

First of all, if the company urgently needs funds during its development, then the company's major shareholder pledges the stock to raise funds to help the company overcome difficulties and make the company develop better. This is a positive thing, and the company's stock price is more likely to rise in the future.

However, if a company already needs to rely on the major shareholder or major shareholder to pledge shares to raise to save it, it means that the company is in trouble, and it is still unknown whether it can get out of it. Before getting out of the predicament, investors will always feel uneasy. Therefore, in the short term, there are certain negatives in stock pledge on the trend of stock prices.

Secondly, if the funds raised by the company's major shareholders through pledge stocks are not used for the company's development, but for other places or for cashing out. is not only not good for the company, but may also mean that the major shareholders themselves are not optimistic about the company. This will obviously create a negative impact on the stock price trend, that is, it is not good for the stock.

Again, if the major shareholder or major shareholder pledges the stock and needs to repay the money to release the pledge, it will not pay back the money. At this time, the pledged stocks will be taken away by the lending institution and forcibly sold to offset the shareholders' debts, which is obviously a negative for the stock price trend, because short-term large-scale selling of stocks can easily cause a sharp drop in the stock price.

Finally, if the major shareholder or major shareholder pledges the stock, the stock price will keep falling and falling to the closing line. If the shareholder who pledges the stock has no money to replenish the position or repay the money, the lending institution also has the right to forcibly sell the pledged stocks to avoid the losses caused by the stock price falling below the closing line. Once is forcibly closed, it will be a negative for the stock price trend.

The closing line here is a red line that ensures that the value of the pledged stock does not fall below the loan amount. For example, if a stock is 100 yuan per share, it is used as pledge to obtain a loan of 50 yuan per share from the lender. The lender's forced closing price of the pledged stock will inevitably be higher than 50 yuan. If the forced closing line is 120%, then the forced closing price is 60 yuan.

can be seen that the reasons and possible results behind stock pledges and even if they can form positive effects, it will take a long time to reflect them. There may be negative consequences in the short term, and of course there may be no impact. Therefore, whether stock pledges are good or bad needs to be analyzed in detail.

No matter what, when investing in stocks, you still need to pay special attention to those high-pending stocks, because the higher the proportion of pledged stocks, it may indicate that the company faces greater difficulties or the greater the rush of major shareholders to cash in, and the greater the risk of being forced to close the position because they cannot pay back the money. Such stocks will be even less reassuring, and stock pledges will have more negative consequences on the stock price trend.

Author: Long Xiaolin/ ​​Review: Zhao Xi