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/11155042/20170911/31350353_3.html
Server: cms-8-252
Date: 2024/11/05 05:22:47

Powered by China
China

股权质押新规显现三大改变

2017-09-11 07:17:38   中国经济网

此外,值得注意的是,中国证券业协会也发布了《证券公司参与股票质押式回购交易风险管理指引(征求意见稿)》,里面除进一步细化了风控指标要求,还建立了黑名单制度。

根据该风险管理指引,规定证券公司对出现融入方存在未按照合同约定购回,且经催缴仍未能购回、融入方存在未按照合同约定使用融入资金且未按照合同约定期限改正等重大违约情形时记入黑名单,并通过协会向行业披露。对记入黑名单的融入方,证券公司在披露的日期起3年内,不得向其提供融资。

不过,不论是交易所和中证协此次推出的规定修订,都采取了新老划断原则,华泰证券策略分析师戴康指出,“股票质押回购新规征求意见稿”是减持新规的延续,新老划断对股票市场存量质押的影响不大,但通过股权质押的警戒线影响中小市值及次新股的再融资。从中长期来看,减持新规和质押新规双轨齐下,纯粹讲故事套现融资融券类公司的财务投资者再融资难度加大,依靠内生做大做强主营业务的龙头公司将享受更高估值溢价,股票市场流动性溢价进一步提升。

海通策略荀玉根团队在短评里也指出,“目前股权质押规模为3万亿元,占A股总市值4.9%,共涉及1506只股票,其中仅有5只融入方首次交易金额低于500万元。目前实际操作中股权质押率已经低于60%。目前质押比率中值11.8%,其中30只超过50%、31只在单一证券公司超过30%,如果按新规,受影响存量规模比例为12.7%。因此,新规明确新老划断,影响有限。”

上一页3/3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/11155042/20170911/31350353_3.html
Server: cms-8-252
Date: 2024/11/05 05:22:47

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/11155042/20170911/31350353_3.html
Server: cms-8-252
Date: 2024/11/05 05:22:47

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/11155042/20170911/31350353_3.html
Server: cms-8-252
Date: 2024/11/05 05:22:47

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/11155042/20170911/31350353_3.html
Server: cms-8-252
Date: 2024/11/05 05:22:47

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/11155042/20170911/31350353_3.html
Server: cms-8-252
Date: 2024/11/05 05:22:47

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/11155042/20170911/31350353_3.html
Server: cms-8-252
Date: 2024/11/05 05:22:47

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/11155042/20170911/31350353_3.html
Server: cms-8-252
Date: 2024/11/05 05:22:47

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/11155042/20170911/31350353_3.html
Server: cms-8-252
Date: 2024/11/05 05:22:47

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/11155042/20170911/31350353_3.html
Server: cms-8-252
Date: 2024/11/05 05:22:47

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/11155042/20170911/31350353_3.html
Server: cms-8-252
Date: 2024/11/05 05:22:47

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/11155042/20170911/31350353_3.html
Server: cms-8-252
Date: 2024/11/05 05:22:47

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/11155042/20170911/31350353_3.html
Server: cms-8-252
Date: 2024/11/05 05:22:47

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/11155042/20170911/31350353_3.html
Server: cms-8-252
Date: 2024/11/05 05:22:47

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/11155042/20170911/31350353_3.html
Server: cms-8-252
Date: 2024/11/05 05:22:47

Powered by China
China