新闻 > 经济
404 Not Found

404 Not Found

Sorry for the inconvenience.
Please report this message and include the following information to us.
Thank you very much!

URL: http://3g.china.com:8080/act/news/11155042/20170911/31350498.html
Server: cms-8-251
Date: 2024/12/02 07:34:12

Powered by China
China

股权质押新规显现三大改变 既“一箭双雕”又防“野蛮人”套路

2017-09-11 07:27:39   中国经济网

每经记者 刘明涛 每经编辑 谢 欣

9月8日,上交所和深交所双双发文表示,为进一步聚焦股票质押式回购交易服务实体经济定位,防控业务风险,规范业务运作,经中国证监会同意,沪深交易所联合中国证券登记结算有限责任公司,发布了《股票质押式回购交易及登记结算业务办法(2017年征求意见稿)》,向社会公开征求意见。

对于这一新规,《每日经济新闻》记者对比了此前的规则,发现主要出现了三大改变。而多家券商以及业内专家都认为,此次股权质押新规出台的首要目的是降杠杆,同时更加严格地规范了股权质押业务。

严控质押比例不超60%

为进一步聚焦股票质押式回购交易服务实体经济定位,防控业务风险,规范业务运作,《股票质押式回购交易及登记结算业务办法(2017年征求意见稿)》于9月8日发布,《每日经济新闻》记者通过对比此前规则注意到,此次新规最主要有三大改变。

此次股权质押新规首要改变就是限制单只股票质押集中度。首先,单一证券公司、单一资管产品作为融出方接受单只A股股票质押比例分别不得超过30%、15%,单只A股股票市场整体质押比例不超过50%。其次,明确质押率不得超过60%,沪深交易所可以根据市场情况调整质押率上限。

华泰证券策略分析师戴康指出,质押新规通过提高准入条件,从规模和渠道上限制股权质押融资规模,通过15%、30%、50%的警戒线限制单一股票的质押比例,对于中小市值及次新公司通过股权质押再融资的难度增加。

值得注意的是,在目前的A股市场上,单只股票的股权质押比例是较高的,蕴含大量不确定性风险。

《每日经济新闻》记者根据WIND数据统计发现,截至2017年9月8日,A股市场有3308只个股发生了股权质押。其中,单只股票股权质押比例超过50%的数量有123只,单只股票股权质押比例超过60%有42只,单只股票股权质押比例超过70%的有藏格控股、茂业商业、银亿股份、美锦能源、深大通、天夏智慧、印纪传媒以及建新矿业8只个股。

“从目前市场来看,股权质押率在30%以下,相对都比较安全,在50%以上就属于存在风险,70%以上就属于股权质押高风险品种,因为一旦触及警戒线无资产可补。一般而言,对于股权质押比例超过50%以上,投资者都应该时刻关注其股价变化以及公司最新的股权质押信息。”深圳一位不愿具名的私募经理向《每日经济新闻》记者分析。

上一页1/3下一页
404 Not Found

404 Not Found

Sorry for the inconvenience.
Please report this message and include the following information to us.
Thank you very much!

URL: http://3g.china.com:8080/act/news/11155042/20170911/31350498.html
Server: cms-8-251
Date: 2024/12/02 07:34:12

Powered by China
China
404 Not Found

404 Not Found

Sorry for the inconvenience.
Please report this message and include the following information to us.
Thank you very much!

URL: http://3g.china.com:8080/act/news/11155042/20170911/31350498.html
Server: cms-8-251
Date: 2024/12/02 07:34:12

Powered by China
China

相关阅读

404 Not Found

404 Not Found

Sorry for the inconvenience.
Please report this message and include the following information to us.
Thank you very much!

URL: http://3g.china.com:8080/act/news/11155042/20170911/31350498.html
Server: cms-8-251
Date: 2024/12/02 07:34:12

Powered by China
China
404 Not Found

404 Not Found

Sorry for the inconvenience.
Please report this message and include the following information to us.
Thank you very much!

URL: http://3g.china.com:8080/act/news/11155042/20170911/31350498.html
Server: cms-8-251
Date: 2024/12/02 07:34:12

Powered by China
China
404 Not Found

404 Not Found

Sorry for the inconvenience.
Please report this message and include the following information to us.
Thank you very much!

URL: http://3g.china.com:8080/act/news/11155042/20170911/31350498.html
Server: cms-8-251
Date: 2024/12/02 07:34:12

Powered by China
China
分享到:
0 0
404 Not Found

404 Not Found

Sorry for the inconvenience.
Please report this message and include the following information to us.
Thank you very much!

URL: http://3g.china.com:8080/act/news/11155042/20170911/31350498.html
Server: cms-8-251
Date: 2024/12/02 07:34:12

Powered by China
China
404 Not Found

404 Not Found

Sorry for the inconvenience.
Please report this message and include the following information to us.
Thank you very much!

URL: http://3g.china.com:8080/act/news/11155042/20170911/31350498.html
Server: cms-8-251
Date: 2024/12/02 07:34:12

Powered by China
China

美图推荐

404 Not Found

404 Not Found

Sorry for the inconvenience.
Please report this message and include the following information to us.
Thank you very much!

URL: http://3g.china.com:8080/act/news/11155042/20170911/31350498.html
Server: cms-8-251
Date: 2024/12/02 07:34:12

Powered by China
China
404 Not Found

404 Not Found

Sorry for the inconvenience.
Please report this message and include the following information to us.
Thank you very much!

URL: http://3g.china.com:8080/act/news/11155042/20170911/31350498.html
Server: cms-8-251
Date: 2024/12/02 07:34:12

Powered by China
China
404 Not Found

404 Not Found

Sorry for the inconvenience.
Please report this message and include the following information to us.
Thank you very much!

URL: http://3g.china.com:8080/act/news/11155042/20170911/31350498.html
Server: cms-8-251
Date: 2024/12/02 07:34:12

Powered by China
China
404 Not Found

404 Not Found

Sorry for the inconvenience.
Please report this message and include the following information to us.
Thank you very much!

URL: http://3g.china.com:8080/act/news/11155042/20170911/31350498.html
Server: cms-8-251
Date: 2024/12/02 07:34:12

Powered by China
China

为您推荐

加载更多>>
404 Not Found

404 Not Found

Sorry for the inconvenience.
Please report this message and include the following information to us.
Thank you very much!

URL: http://3g.china.com:8080/act/news/11155042/20170911/31350498.html
Server: cms-8-251
Date: 2024/12/02 07:34:12

Powered by China
China
404 Not Found

404 Not Found

Sorry for the inconvenience.
Please report this message and include the following information to us.
Thank you very much!

URL: http://3g.china.com:8080/act/news/11155042/20170911/31350498.html
Server: cms-8-251
Date: 2024/12/02 07:34:12

Powered by China
China
404 Not Found

404 Not Found

Sorry for the inconvenience.
Please report this message and include the following information to us.
Thank you very much!

URL: http://3g.china.com:8080/act/news/11155042/20170911/31350498.html
Server: cms-8-251
Date: 2024/12/02 07:34:12

Powered by China
China