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/11155042/20170911/31351607.html
Server: cms-8-252
Date: 2024/11/13 14:40:03

Powered by China
China

股权质押成A股“双刃剑” 风险与“麻烦”亟待解决

2017-09-11 08:47:42   中国经济网

股权质押新规出台,使得股权质押这一A股投资的“心病”将逐步得到解决。这一“心病”不仅是由于股权质押自然存在的股价风险,而且还涉及到开展股权质押业务的券商,因质押方违约产生越来越多的法律纠纷。

《每日经济新闻》记者注意到,从2016年起,因股权质押带来的市场风险已超越限售股解禁,其不确定性往往给公司股价造成更大的潜在投资风险,这一“麻烦”亟待解决。

股权质押的股价风险凸显

自2013年股权质押业务允许证券公司承接后,这项业务出现了井喷式的发展,但这背后的风险也是引起市场越来越多的关注。

近四年来,A股股权质押个股数量在不断递增,从2014年到2017年,A股涉及股权质押的个股数量分别为2554只、2792只、3008只及3308只。

值得注意的是,今年上半年,上市公司补充股权质押的公告数大幅增加,5月份公告数更是达到149条,达到历史高点,其中包括勤上股份等多家上市公司因股权质押风险较大,已申请停牌。

那么,一旦股权质押触及警戒线后遭受到的股价风险到底多大?以股权质押比例接近50%的多喜爱为例。

今年5月中下旬,多喜爱股价突然遭遇“10连阴”,公司股价短期暴跌49.58%,最终导致公司控股股东陈军、黄娅妮质押的部分股份触及警戒线。多喜爱于6月2日停牌,停牌后,陈军通过追加质押物,黄娅妮通过追加保证金,有效地解除了平仓风险,保证了公司控股股东实际控制权的稳定。

再如同洲电子,当年因为控股股东高位质押股权,最终因股权质押触及平仓线导致平仓,令公司实际控制人发生变更。

兴业证券在研报里分析指出,通过对股权质押历史分析,股权质押增量最多的年份在2015年市场走牛之际,股权质押规模增加。所有A股前十大股东中,有526个大股东所持有的387家公司的质押率达到100%,846个大股东所持有的460家公司质押率超过90%。当股价下跌时,这些大股东将最先面临风险,必须及时筹措资金或者追加保证金,风险敞口较大。

券商遇到股权质押“麻烦”

除了上市公司不断面临股权质押带来的股价风险外,开展股权质押业务的券商,也不断遇到该业务带来的“麻烦”。

《每日经济新闻》记者了解到,东海证券在2013年为练卫飞提供股票质押回购交易业务,初始交易金额为人民币2亿元,以练卫飞持有的2500万股零七股份作为质押,到期未能赎回。

上一页1/2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/11155042/20170911/31351607.html
Server: cms-8-252
Date: 2024/11/13 14:40:03

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/11155042/20170911/31351607.html
Server: cms-8-252
Date: 2024/11/13 14:40:03

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/11155042/20170911/31351607.html
Server: cms-8-252
Date: 2024/11/13 14:40:03

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/11155042/20170911/31351607.html
Server: cms-8-252
Date: 2024/11/13 14:40:03

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/11155042/20170911/31351607.html
Server: cms-8-252
Date: 2024/11/13 14:40:03

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/11155042/20170911/31351607.html
Server: cms-8-252
Date: 2024/11/13 14:40:03

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/11155042/20170911/31351607.html
Server: cms-8-252
Date: 2024/11/13 14:40:03

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/11155042/20170911/31351607.html
Server: cms-8-252
Date: 2024/11/13 14:40:03

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/11155042/20170911/31351607.html
Server: cms-8-252
Date: 2024/11/13 14:40:03

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/11155042/20170911/31351607.html
Server: cms-8-252
Date: 2024/11/13 14:40:03

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/11155042/20170911/31351607.html
Server: cms-8-252
Date: 2024/11/13 14:40:03

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/11155042/20170911/31351607.html
Server: cms-8-252
Date: 2024/11/13 14:40:03

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/11155042/20170911/31351607.html
Server: cms-8-252
Date: 2024/11/13 14:40:03

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/11155042/20170911/31351607.html
Server: cms-8-252
Date: 2024/11/13 14:40:03

Powered by China
China