1. What do you mean by stock pledge?
Stock pledge means that the largest controlling shareholder of a listed company applies for a loan from a bank or provides a guarantee for a loan from a third party with his own stock as collateral. There is a concept corresponding to stock pledge, that is, stock pledge repurchase. Simply put, qualified financiers pledge their stocks or other securities, and then find qualified financiers to integrate their funds. They will also agree to return the funds in future transactions and lift the pledge.
It is worth noting that there is an upper limit to stock pledge. Therefore, the shares of a listed company pledged by a commercial bank account for 65,438+00% of the total circulating shares of the listed company, which cannot exceed. In addition, the pledged shares have been detained to other units, so the pledged shares cannot be traded. The two swords hanging overhead are the cordon and the warehouse line. In a word, the warning line and warehouse line are 160% and 140% respectively. If the stock price falls and touches the pledge liquidation line, the pledged shares will be forcibly sold by the pledge institution, and the impact should not be underestimated. It should also be noted that stock pledge is limited by time and proportion. The term of stock pledge loan is determined by both parties through consultation, but the longest term is only one year, and the pledge rate can only be lower than 60%.
Equity pledge can be understood as a way of guarantee, which is equivalent to the execution of secured debts. According to the law, the debtor or the third party pledges the equity to the creditor. If the debtor fails to perform the debt or the parties agree to realize the pledge, the creditor certainly has the priority to enjoy the equity. On the shares held by the pledgor, there is a restrictive property right in the agreement between the pledgor and the pledgee, which is the pledge of shares. When the debtor fails to perform the debt after maturity, it may also compensate the creditor with the discount of shares as agreed. Alternatively, it can be a guarantee way to buy shares and get priority compensation for income. Usually, you can watch the stock market broadcast, understand the latest situation of the stock market, grasp the development trend of the stock market as soon as possible, increase your knowledge savings, and guard against loss risks. If investors want to know about the pledge, it is recommended that the stock market barometer broadcast the first-hand information of the financial market.
Second, why is there a stock pledge? Is stock pledge a good thing or a bad thing?
Stock pledge is actually a financing method often used by listed companies. Generally, when the financial situation is poor and the company's operating conditions are poor, some large shareholders with larger shares prefer this financing method. However, it should also be noted that there are certain risks in stock pledge. If the stock price falls and touches the pledge liquidation line, and the major shareholder does not make up the position or buy back, {stock pledge -22} may lead to the stock price falling or even collapse. Therefore, as a smart and witty investor, we must be careful of the possible adverse effects of the company's pledge behavior.
1, the announcement of equity pledge will have a negative impact on the stock price of listed companies in the short term, because equity pledge sends a signal that the company's cash flow is not sufficient, which will reduce market expectations.
2. In the long run, if the shareholders of listed companies pledge their shares, the impact on the stock price is neutral preference.
Stock pledge is one of the factors that affect stock fluctuation, but it is not only stock pledge that affects stock price, but also different technical indicators to get a deeper understanding. If you really can't judge, you can directly enter this stock diagnosis platform and enter the stock code, which can help you judge the situation of the banned stock and whether it is worth buying: test the current valuation position of your stock for free?
Third, how to handle the stock pledge?
There are already relevant provisions in the Property Law, and signing a pledge contract is a necessary condition for equity pledge. Then go to the industrial and commercial bureau to register the establishment of equity contribution and give the information that should be paid. So far, have you all understood the relevant contents of stock pledge? I hope everyone will learn something from it and hope that the investment will be successful!
Reply time: 202 1-09-26. The latest business changes are subject to the data displayed in the link in the article. Please click to view.