Sany Heavy Industry led the market to rebound sharply

Beijing Business Daily, June 19As previously predicted by this newspaper, the news that Sany Heavy Industry lifted the ban on self-locking stocks for two years has become the driving force for the stock index to rise. Yesterday, the Shanghai Composite Index ended a ten-year losing streak after rising 146.36 points*, while the Shanghai Composite Index and the Shenzhen Component Index closed at 2,941.12 points and 9,903.14 points, respectively, up 5.24% and 5.02%, respectively. The share price of Sany Heavy Industry was sealed on the price limit board yesterday.

Enterprises: Unlock the shares and lock them up for two years

Sany Heavy Industry, which could have become a fully tradable * 5,656 shares of the Chinese stock market, voluntarily gave up the opportunity to lift the ban. According to the regulations, on June 17, except for 32 million shares of Sany Heavy Industry in the restricted state, the rest of the shares have been circulable. The day before yesterday, Sany Heavy Industry was suspended for one day due to important matters, and yesterday the company announced two additional commitments: one is to promise to lift the ban on 518,126,200 shares of Sany Heavy Industry listed and circulated on June 17, and voluntarily continue to lock in for two years from June 19;

Markets: Triggering a technical rally

"Sany Heavy Industry's commitment to large and small non-large and small non-profits is a landmark event in the market, which will inevitably trigger the demonstration effect of other stocks that will be fully tradable, which will reduce the pressure on large non-reduced holdings." Yesterday, analysts related to Beijing Shoufang said this about the incident.

According to the data, in 2007, 340 listed companies had arbitrage behavior after the lifting of the ban on restricted shares, with a cash amount of nearly 90 billion yuan. Since then, due to the high valuation of the market and the lack of optimism about future expectations, the impulse to reduce holdings and cash out has begun to increase. In 2008, 956 listed companies were involved in the unfreezing of restricted shares under the share reform, an increase of 70% over 2007.

Analysts believe that in the face of the huge size of the non-ban, Sany Heavy Industry's commitment highlights the long-term intrinsic value of listed companies, and will inevitably enhance the confidence of the original shareholders, which is self-evident for the market to stop falling and stabilize.

Users: Can it be exemplary?

As a share reform of 5,656 shares, the lifting of the ban on Sany Heavy Industry's restricted shares marks that A-shares have officially entered the era of full circulation, and its automatic lock-up behavior has also set a good example for the era of full circulation.

Economist Han Zhiguo commented that the major shareholders of private enterprises have set an example in postponing the time for lifting the ban on reducing their holdings, and other enterprises, especially the major shareholders of state-owned shares, should follow suit and closely follow suit. It is no exaggeration to say that the postponement of the reduction of holdings by the major shareholders of Sany Heavy Industry is undoubtedly a positive change after China's stock market has been in trouble for more than half a year in terms of large and small issues. Although this change is happening in individual companies, it has a clear global significance. If there is a situation in the market where major shareholders have postponed the time to reduce their holdings, supplemented by other necessary and effective measures, it can undoubtedly bring great hope to the entire market to get out of the predicament, and the market operation can also shift from a total loss to a win-win situation.