CN105701707A - Initial stockholder and major stockholder holding-reducing scheme - Google Patents
Initial stockholder and major stockholder holding-reducing scheme Download PDFInfo
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- CN105701707A CN105701707A CN201610026295.9A CN201610026295A CN105701707A CN 105701707 A CN105701707 A CN 105701707A CN 201610026295 A CN201610026295 A CN 201610026295A CN 105701707 A CN105701707 A CN 105701707A
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Abstract
The invention provides an initial stockholder and major stockholder holding-reducing scheme. An initial stockholder holding-reducing scheme in a secondary market comprises reduced fixed year limit, delayed year limit, restrictive proportion reduced every year, and punitive deducted proportion. The initial stockholder may just reduce initial stocks when the fixed year limit elapses and the delayed year limit is fulfilled, the reduced amount every year has to be within a range in which the punitive deducted proportion is subtracted from the restrictive proportion reduced every year, and the total reduced amount every year is not allowed to be greater than a certain prescribed percentage of total circulation stocks. A selling rule is made for the stock selling of the major stockholders and prescribes the selling proportion every time, the selling frequency, and selling intervals. Thus, the initial stockholders are responsible for medium and small investors, may just make a profit on the secondary market after return compliments to the investors. The scheme also achieves containment design on control of the price of an individual stock performed by a mechanism, malicious going short, and programmed transaction in order to protect the benefits of medium and small private investors.
Description
Technical field
The present invention relates to stock market's operation rules, particularly relate to a kind of original stock shareholder and big shareholder's reduction scheme。
Background technology
Rising and dropping suddenly and sharply of stock market directly influences the operation of financial system, rising suddenly and sharply of stock market can bury the seed of slump, the sudden and violent stir-fry of personal share can form the speculation in stocks of gambling formula, losing stock market's investment value, the slump of stock market can directly influence the operation of financial system, in some instances it may even be possible to causes the collapse of financial system, therefore, the investment of personal share is propagandized and the original stock shareholder of listed company should be had an operation rules innovated and reduction rule so that personal share share price is not manipulated such that original stock shareholder can not malice arbitrage。
Summary of the invention
The present invention proposes a kind of original stock shareholder and big shareholder's reduction scheme; its objective is so that original stock shareholder can not malice arbitrage; personal share share price is not manipulated by; thus protecting the investment interests of individual casual household to greatest extent; quick-fried or the malice of limiting mechanism and rich and influential family suppress behavior, have also indirectly contained the sequencing transaction of big shareholder simultaneously。
A kind of original stock shareholder of the present invention and big shareholder's reduction scheme, it includes the original stock shareholder reduction scheme in secondary market and big shareholder's reduction scheme in secondary market。
The described original stock shareholder reduction scheme in secondary market, the fixing time limit reduced is allowed after comprising listing, relevant to achievement delays the time limit, the restricted ratio that the every year of regulation reduces, the elements such as the punitive deduction ratio relevant to achievement, original stock shareholder the fixing time limit expire and fulfil delay the time limit after just can reduce original stock, the amount reduced every year must in the restricted ratio reduced deduct in the scope that the punitive relevant to achievement deducts ratio in every year according to regulation, and its total amount cannot be greater than certain percentage ratio regulation of total circulating stock, what current year allowed the amount reduced does not reduce part original stock, must not bring into and next year reduce, abstention should be done process。
Described original stock shareholder, it is for holding the investor of company's equity before Limited Corporation Issuing, its corporate share held is original stock, after listing, original stock quantity before what original stock shareholder held list a company is the original amount of holding share, the original amount of holding share is a fixed numbers, do not hold and change with reducing in secondary market or increase, unless transfer transaction after the match or company turn increasing and dividend gained share and increase or reduce, the original stock of transfer transaction after the match or turn increasing and dividend gained share by original stock remain as original stock, original stock transaction assignee will become original stock shareholder, its existing original amount of holding share is the superposing of the amount of holding share and original original amount of holding share of assigning, original stock transaction seller remains as original stock shareholder, its existing original amount of holding share is that original original amount of holding share deducts the amount of holding share sold。
The fixing time limit reduced is allowed after described listing, it should must it is possible to be allowed to conclude the business in secondary market by regulation original stock for exchange after the listing several years, and this fixing time limit should be started to the annual report day for announcing after the several years from listing rear first annual report day for announcing。
Described relevant to achievement delay the time limit, it is to the punitive action to original stock shareholder made after company performance evaluation, its result is just to allow original stock shareholder to reduce in secondary market after delaying the several years, its evaluation of performance is as the criterion with earnings per share, earnings per share reach target, avoid delaying, do not reach target, delay to reduce, until reaching target, original stock shareholder just can begin at secondary market and reduce, its expection earnings per share target should derive from the prospectus of listed company, the first assessment with listing after last annual report bulletin earnings per share or listing after earnings per share meansigma methods for reference value, both there is one to reach target, can avoid delaying, otherwise with the earnings per share of last annual report bulletin after listing compared with target, deviate less, delay 1 year, deviate bigger, delay 2 years or several years, the second assessment with listing after last annual report bulletin earnings per share for reference value, reach target, can avoid delaying, do not reach target, continue to delay 1 year, repeat this process, until reaching target。
The restricted ratio reduced the every year of described regulation, it is that original stock shareholder is when being allowed to reduce original stock, the upper limit of the percentage ratio of the actual amount of holding share that every year, regulation can be reduced, when the actual amount of holding share is less than or equal to the existing original amount of holding share, can reduce within the upper limit of the percentage ratio of the actual amount of holding share, when the actual amount of holding share is more than the existing original amount of holding share, exceed the part stock of the existing original amount of holding share, concluding the business in secondary market according to common investor, remainder can be reduced within the upper limit of the percentage ratio of the existing original amount of holding share。
The described punitive deduction ratio relevant to achievement, it is that original stock shareholder is allowed to reduce rising in the second year of original stock, prior year earnings per share need to be compareed compared with target, if keeping or rising, then punitive deduction ratio is zero, as glided, punitive deduction ratio value should be awarded, downslide degree is more big, and punitive deduction ratio is also more big, until deducting the restricted ratio reduced whole every year。
Described big shareholder is in the reduction scheme of secondary market, first it is set up big shareholder's concept, it is exactly after the amount of holding share that secondary market obtains reaches the certain proportion of total circulating stock, namely big shareholder it is called, big shareholder can set that as some shelves, share-holding is less is one grade, more is two gears, by that analogy, then big shareholder's dump stock is formulated a regulation sold off, the ratio of every time selling off of regulation big shareholder, sell off the frequency, sell off interval, with this rule containment body rich and influential family the share price of certain personal share controlled and malice does sky, contain the sequencing transaction of big shareholder simultaneously, to protect the interests of medium and small casual household, also protect the stable operation of deep bid simultaneously。
Described each heavy selling ratio, it is the percentage ratio of its amount of holding share that big shareholder can sell within a day of trade, and the class residing for big shareholder is more low, then percentage ratio is more big, and the class residing for big shareholder is more high, then percentage ratio is more little。
The described heavy selling frequency, it is that big shareholder can sell out single number of times within a day of trade。
Described heavy selling interval, its for big shareholder after certain day of trade sells stock, it is necessary to allowing to continue to sell the time limit of stock after several days of trade of being separated by again, the class residing for big shareholder is more low, then the time limit is more short, and the class residing for big shareholder is more high, then the time limit is more long。
A kind of original stock shareholder of the present invention and big shareholder's reduction scheme, mainly make original stock shareholder that medium and small investors be shouldered due responsibility, only while investor is made return, could acquire an advantage in secondary market, also the share price of certain personal share is controlled by institutional investors and malice does sky and sequencing transaction has carried out containment design, to protect the interests of medium and small casual household, also protect the stable operation of deep bid simultaneously, it is Methodistic that market is run, order to have supervision, rule is leaned in supervision, so market will be provided a powerful support protecting medium and small casual household's interests by the present invention。
Detailed description of the invention
Assume its transaction regulation:
1. allow the fixing time limit reduced after listing 2 years；
2. the delay time limit relevant to achievement reaches target, exempts to delay；Within poor with target 20%, delay 1 year；Within poor with target 40%, delay 2 years；Within poor with target 60%, delay 3 years；Within poor with target 80%, delay 4 years；On poor with target 80%, delay 5 years；
3. the restricted ratio 10% that the every year of regulation reduces；
4., within the punitive deduction ratio relevant to achievement and target poor 20%, it is 2%；Within poor with target 40%, it is 4%；Within poor with target 60%, it is 6%；Within poor with target 80%, it is 8%；On poor with target 80%, it is 10%；
5. limitation is total circulating stock 1% reduced every year, namely under allowing ratio of reducing, each of which original stock shareholder reduces total amount every year can not exceed the 1% of total circulating stock。
The then earnings per share such as following table of the annual report in each year after the listing of certain listed company:
1st annual report was the 1st year between the 2nd annual report, 2nd annual report was the 2nd year between the 3rd annual report, by that analogy, calculate according to upper table, 1st, 2 years were fixed term, 3rd year is for delaying the time limit, differ with target less than 20%, therefore delay the time limit 1 year, if the 4th year punitive deduction ratio be the earnings per share of 0%(listed company the 4th annual report also not up to target time, must continue to delay 1 year, until reaching target), the punitive deduction ratio in the 5th year is 2%, the punitive deduction ratio in the 6th year is 10%, then allow ratio of reducing such as following table each year:
| 1st year | 2nd year | 3rd year | 4th year | 5th year | 6th year | |
| Allow to reduce ratio | 10% | 8% | 0% |
If the original amount of holding share of original stock shareholder A is 500,000 strands, then its existing original amount of holding share is 500,000 strands, the actual amount of holding share is 500,000 strands, 50,000 strands have been reduced in the 4th year, then increase again and held 20,000 strands, then the existing original amount of holding share is 500,000 strands, and the actual amount of holding share is 470,000 strands, that is increase hold 20,000 strands must become original stock, it the highest reduces 3.76 ten thousand strands in the 5th year；
If the original amount of holding share of original stock shareholder B is 600,000 strands, then its existing original amount of holding share is 600,000 strands, the actual amount of holding share is 600,000 strands, 50,000 strands have been reduced in the 4th year, then increase again and held 110,000 strands, then the existing original amount of holding share is 600,000 strands, the actual amount of holding share is 660,000 strands, that is 50,000 strands increased in 110,000 strands held must become original stock, it the highest reduces 4.8 ten thousand strands in the 5th year, can conclude the business in secondary market as common investor, reduce amount for 10,000 strands can also reduced in the 4th year, it is impossible to bring into next year for remaining 60,000 strands；
The original stock shareholder transaction in secondary market does not change the value of its existing original amount of holding share, and only change the value of its actual amount of holding share, when it increases and holds, part increases share-holding and recurrence is become original stock, until reaching the value of the existing original amount of holding share, the actual amount of holding share exceedes the part of the existing original amount of holding share, will conclude the business in secondary market as common investor。
Transfer transaction after the match refers to the various transaction beyond secondary market, original stock after transfer transaction remains as original stock after the match, its assignee will become original stock shareholder, original stock shareholder's trading rules must be observed, if assignee is exactly original stock shareholder originally, then its existing original amount of holding share is the superposing of the amount of holding share and original original amount of holding share of assigning, and original stock transaction seller remains as original stock shareholder, and its existing original amount of holding share is that original original amount of holding share deducts the amount of holding share sold。
Described big shareholder is in the reduction way of secondary market, first it is set up big shareholder's concept, it is exactly after the amount of holding share (without original stock) that secondary market obtains reaches the certain proportion of total circulating stock, namely being called big shareholder, big shareholder can set that into some shelves, share-holding is less is one grade, more is two gears, by that analogy, then big shareholder's dump stock is formulated a regulation sold off, it is stipulated that the ratio of every time selling off of big shareholder, sell off the frequency, sell off interval。
The reduction way of big shareholder is such as specified according to following table:
Claims (7)
1. the original stock shareholder reduction scheme in secondary market, it is characterized in that: after comprising listing, allow the fixing time limit reduced, relevant to achievement delays the time limit, the restricted ratio that the every year of regulation reduces, the elements such as the punitive deduction ratio relevant to achievement, original stock shareholder the fixing time limit expire and fulfil delay the time limit after just can reduce original stock, the amount reduced every year must in the restricted ratio reduced deduct in the scope that the punitive relevant to achievement deducts ratio in every year according to regulation, and its total amount cannot be greater than certain percentage ratio regulation of total circulating stock, what current year allowed the amount reduced does not reduce part original stock, must not bring into and next year reduce, abstention should be done process。
2. a kind of original stock shareholder according to claim 1 reduction scheme in secondary market, it is characterized in that: described original stock shareholder, it is for holding the investor of company's equity before Limited Corporation Issuing, its corporate share held is original stock, after listing, original stock quantity before what original stock shareholder held list a company is the original amount of holding share, the original amount of holding share is a fixed numbers, do not hold and change with reducing in secondary market or increase, unless transfer transaction after the match or company turn increasing and dividend gained share and increase or reduce, the original stock of transfer transaction after the match or turn increasing and dividend gained share by original stock remain as original stock, original stock transaction assignee will become original stock shareholder, its existing original amount of holding share is the superposing of the amount of holding share and original original amount of holding share of assigning, original stock transaction seller remains as original stock shareholder, its existing original amount of holding share is that original original amount of holding share deducts the amount of holding share sold。
3. a kind of original stock shareholder according to claim 1 reduction scheme in secondary market, it is characterized in that: after described listing, allow the fixing time limit reduced, it should must it is possible to be allowed to conclude the business in secondary market by regulation original stock for exchange after the listing several years, and this fixing time limit should be started to the annual report day for announcing after the several years from listing rear first annual report day for announcing。
4. a kind of original stock shareholder according to claim 1 reduction scheme in secondary market, it is characterized in that: described relevant to achievement delay the time limit, it is to the punitive action to original stock shareholder made after company performance evaluation, its result is just to allow original stock shareholder to reduce in secondary market after delaying the several years, its evaluation of performance is as the criterion with earnings per share, earnings per share reach target, avoid delaying, do not reach target, delay to reduce, until reaching target, original stock shareholder just can begin at secondary market and reduce, its expection earnings per share target should derive from the prospectus of listed company, the first assessment with listing after last annual report bulletin earnings per share or listing after earnings per share meansigma methods for reference value, both there is one to reach target, can avoid delaying, otherwise with the earnings per share of last annual report bulletin after listing compared with target, deviate less, delay 1 year, deviate bigger, delay 2 years or several years, the second assessment with listing after last annual report bulletin earnings per share for reference value, reach target, can avoid delaying, do not reach target, continue to delay 1 year, repeat this process, until reaching target。
5. a kind of original stock shareholder according to claim 1 reduction scheme in secondary market, it is characterized in that: the restricted ratio reduced the every year of described regulation, it is that original stock shareholder is when being allowed to reduce original stock, the upper limit of the percentage ratio of the actual amount of holding share that every year, regulation can be reduced, when the actual amount of holding share is less than or equal to the existing original amount of holding share, can reduce within the upper limit of the percentage ratio of the actual amount of holding share, when the actual amount of holding share is more than the existing original amount of holding share, exceed the part stock of the existing original amount of holding share, conclude the business in secondary market according to common investor, remainder can be reduced within the upper limit of the percentage ratio of the existing original amount of holding share。
6. a kind of original stock shareholder according to claim 1 reduction scheme in secondary market, it is characterized in that: the described punitive deduction ratio relevant to achievement, it is that original stock shareholder is allowed to reduce rising in the second year of original stock, prior year earnings per share need to be compareed compared with target, if keeping or rising, then punitive deduction ratio is zero, as glided, punitive deduction ratio value should be awarded, downslide degree is more big, punitive deduction ratio is also more big, until deducting the restricted ratio reduced whole every year。
7. the big shareholder reduction scheme in secondary market, it is characterized in that: be first set up big shareholder's concept, it is exactly after the amount of holding share that secondary market obtains reaches the certain proportion of total circulating stock, namely big shareholder it is called, big shareholder can set that as some shelves, share-holding is less is one grade, more is two gears, by that analogy, then big shareholder's dump stock is formulated a regulation sold off, the ratio of every time selling off of regulation big shareholder, sell off the frequency, sell off interval, with this rule containment body rich and influential family the share price of certain personal share controlled and malice does sky, contain the sequencing transaction of big shareholder simultaneously, to protect the interests of medium and small casual household, also protect the stable operation of deep bid simultaneously；
Described each heavy selling ratio, it is the percentage ratio of its amount of holding share that big shareholder can sell within a day of trade, and the class residing for big shareholder is more low, then percentage ratio is more big, and the class residing for big shareholder is more high, then percentage ratio is more little；
The described heavy selling frequency, it is that big shareholder can sell out single number of times within a day of trade；
Described heavy selling interval, its for big shareholder after certain day of trade sells stock, it is necessary to allowing to continue to sell the time limit of stock after several days of trade of being separated by again, the class residing for big shareholder is more low, then the time limit is more short, and the class residing for big shareholder is more high, then the time limit is more long。
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| Application Number | Priority Date | Filing Date | Title |
|---|---|---|---|
| CN201610026295.9A CN105701707A (en) | 2016-01-16 | 2016-01-16 | Initial stockholder and major stockholder holding-reducing scheme |
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| Application Number | Priority Date | Filing Date | Title |
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| CN201610026295.9A CN105701707A (en) | 2016-01-16 | 2016-01-16 | Initial stockholder and major stockholder holding-reducing scheme |
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Cited By (2)
| Publication number | Priority date | Publication date | Assignee | Title |
|---|---|---|---|---|
| CN108876623A (en) * | 2018-07-04 | 2018-11-23 | 石静 | Security increment management system and its management method based on marketable securities distribution and transaction platform |
| CN112598382A (en) * | 2020-12-23 | 2021-04-02 | 深圳市富途网络科技有限公司 | Business resource allocation method, device, electronic equipment and storage medium |
-
2016
- 2016-01-16 CN CN201610026295.9A patent/CN105701707A/en active Pending
Cited By (3)
| Publication number | Priority date | Publication date | Assignee | Title |
|---|---|---|---|---|
| CN108876623A (en) * | 2018-07-04 | 2018-11-23 | 石静 | Security increment management system and its management method based on marketable securities distribution and transaction platform |
| CN112598382A (en) * | 2020-12-23 | 2021-04-02 | 深圳市富途网络科技有限公司 | Business resource allocation method, device, electronic equipment and storage medium |
| CN112598382B (en) * | 2020-12-23 | 2024-01-23 | 深圳市富途网络科技有限公司 | Service resource allocation method, device, electronic equipment and storage medium |
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Application publication date: 20160622 |
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