Check the data of margin trading, music Watch April 17 suspension, the financing balance of 4.492 billion yuan, after all the way down until October 27 when it was transferred to the subject of margin financing, there are 32.97 billion yuan . If in accordance with the previous reduction rate, it is estimated that the current music financing LeTV balance is still more than 3 billion yuan.
From the current mentality of financing customers, knowing that the music resumption of trading should plunge, but can not sell, but also to pay the interest of financing, under normal circumstances, the interest rate is not low, the annualized 7%, about 8% This three or four billion seven months of interest on more than 150 million yuan, so there are money investors, then quickly return the money to the brokerage, otherwise, if you really wait until the resumption of trading, according to the current situation, continuous lower limit is yes Is nothing more than five six, or eight nine.
From the agency for the adjustment of the fair price of music Watch, the beginning is the Huaxia several fund companies believe that the music resume will have three limit, then adjusted to five, and in the near future, China Post Fund that there will be more than a dozen limit. Long-term suspension will result in a huge loss for LeTV shareholders, and financiers can only be forced to liquidate them if they do not have extra money.
Should be said that long-term suspension has been a common problem in the A-share market, the current market, in addition to LeTV, like * ST billion from December 7, 2015 began suspension, almost two years, followed by * ST Watson, the suspension of trading on March 1, 2016, it has been 21 months.
Long-term suspension, reducing the trading function of the market, the pricing has also been distorted, many investors suffer, next year, A shares will be included MSCI, MSCI's requirement is that if a company suspended more than 50 days, it will be expelled.
Announcement recently issued by the Exchange, Music Watch has been transferred to the margin financing standard pool. Currently, LeTV net financing balance is still as high as 3297000000 yuan. A large number of financiers are stuck. In response, reporters visited Shanghai to interview investors.
Shanghai Investors: Originally a Ponzi scheme, they were never optimistic. He is now very irresponsible, and then promised not to do, I think there is still a big problem, a great decline in integrity.
Shanghai Investors: GEM plate has always been a risky plate, so investors choose this plate, it should bear the corresponding risk ability.
Shanghai Investors: As a social regulatory agency or entrepreneur, they should be accountable to the enterprise, try their best to be transparent, and the common people have a good choice. Sometimes people have no way of knowing the details of the information.
Most Shanghai investors think it has no choice but to lose confidence in the case of the music Watch, that the risk of investment is great.