Eliminate the stock market protectionism

Near the end of each year, some with "star" is wearing a "cap" or poor performance of listed company "happy days" comes. In order to avoid the local listed are delisting or suspended for listing, local government subsidies, award "red" will fly to the listed company to assist in the beautiful performance or out of the red. With the increasing of the listed company, and years of losses as the company continues to appear, in recent years, the relevant local government departments for listed company issued "red" amount also presents the growth trend. If ever media reports said,baseball hats up to last year November 28, 90 listed company to get the government's financial allowance, involving subsidies amount of 3.9 billion yuan, average each get subsidy amount for 45 million yuan. And in 2010, the data showed 1454 listed company to get a subsidy, the average each company to obtain 31.87 million yuan, subsidies coverage as high as 92.61%. In fact, the local government subsidies for those who "shell resources" company that is even more valuable. If there is no local government action the shell, believe that the number of listed companies have been fired "city through", had long been forgotten by investors. But because of the shell action, not only the "shell resources" companies into the stock market "no dead bird", and its share price often encounter the stir, and for a so-called "clairvoyance" wearing bring great benefits. From shenzhen stock information Co., LTD, data shows, * * ST ST jinding, TaiHua, * ST chang nine, *, * ST ST PMTC has, * * ST ST auspicious medicine, songliao, * ST the Portuguese and other six "gourmet" ST company has for two consecutive years losses, and 2011 three quarterly losses are still present state, face to withdraw from the market risk. But, recently by the 2011 earnings forecast found that, in addition to * ST PMTC expected losses outside, the rest are 7 home has miraculously out of the red. The 7 home are able to create "miracle", in addition to some of their own efforts by outside factors, the local government power is certainly not ignore the major influencing factors. Such as ST chang nine received financial jiangxi province fund one-time financial subsidies 160 million yuan; * ST jinding received leshan government financial aid 76.08 million yuan. The local government departments of the "red" all is "big", which are facing the risk of retreat city listed companies don't need just strange. In fact, the local government subsidies, etc, it is a kind of obvious protectionism. And local protectionism only in protect the local "shell resources", also reflected in the relevant existing irregularities of the protection of the listed company. Such as according to media reports, green earth after the crime, the listed company to superior for help, local industry management departments and local leaders to beg the earth green puts in a good, besides busy trying. Stuck in the quagmire of illegal crime for green earth, local protection is everywhere. The regional protectionism incredibly seeped to for irregularities "protection", is really a reflection, to be more vigilant market. The author thought that,mlb jerseys in view of local protectionism negative effects, regulators need to adopt corresponding countermeasures to eliminate. As for those subsidies for harvest "red envelop" but SiErBuJiang stock market "no dead bird", in perfect retreat city system, can only assessment its main business interests of the index can.

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