You heard it right, now even listed companies are getting into stock trading. Experts even say that 3 trillion can directly pull the stock market to 4,000 points, bringing an increase in wealth of 25 trillion.
So, is this a good thing or a bad thing? How are the interests of us, the retail investors, going to be protected? Is the big A still worth looking forward to?
Recently, with a series of national policies, it can be said that everyone is talking about stocks now! It's no wonder, the Shanghai Composite Index soared from 2,700 points to 3,300 points, an increase of more than 600 points. Some stocks have increased by more than 30% in just a few days. It can be said that this is faster than picking up money.
However, with the strengthening of the US dollar interest rate cut expectations and the implementation of a package of national policies, the expectation of China's economy getting better has been further strengthened. During the entire National Day holiday, China opened up to tens of millions of new securities accounts! It can be said that these new investors are on their way, and a capital feast is coming!
Faced with this situation, some listed companies are also getting restless now, and have officially announced that they want to join this wave of the stock market. In other words, they want to start making money by trading stocks like us ordinary people. For example, Guozhong Water, a listed company engaged in environmental protection, sewage treatment, and municipal water supply, recently announced that it will use 50 million idle funds to invest in securities!
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Why is this company doing this?
To put it bluntly, the company's profits are not impressive. In the first half of this year, the company's net profit was only 5.18 million yuan, and it was just fined 8 million yuan by the regulatory authorities. In the past three years, the company's cumulative loss reached 185 million yuan, and now the book funds are only left with 166 million yuan. So now using idle funds to trade stocks can maximize the company's profits.
Subsequently, several companies such as Te Wei Nong and Lan Ding Catering also officially announced that they would increase the amount of securities investment.
Let's talk about whether listed companies can trade stocks.
The country says this. First, state-owned enterprises, as long-term investments, can hold the stocks of listed companies, but they cannot directly speculate on listed and traded stocks, nor can they provide funds to other institutions for stock trading.What about listed companies? They are not allowed to use bank credit funds to buy and sell stocks, nor can they use the funds raised from stock issuance to speculate on stocks. This means that non-state-owned listed companies can use their idle funds to invest in stocks and securities.
At this point, some netizens might say, "That's not right. Isn't the 300 billion the country put forward this time to support these listed companies to buy stocks? How do you explain this? Isn't this a loan?"
Regarding this, the country actually wants to support these listed companies through special loans to repurchase and increase their own stocks, thereby stabilizing their own market value. Just imagine, if foreign capital heavily short-sells our country's stock market, these high-quality enterprises, with insufficient funds, can only watch helplessly as these foreign capitals make profits.
The recent sharp drop in the Hong Kong stock market, and the vigorous repurchase of shares by Chinese enterprises, is the reason for this. This is the country's strong support for these enterprises to protect the market and hold on to China's high-quality assets. Moreover, the money given to you is for you to repurchase your own shares, not to buy someone else's shares, which still has an essential difference.
Next, let's talk about the pros and cons of listed companies investing in stocks.
Firstly, for their own enterprises, asset reconfiguration can optimize their asset structure and maximize the interests of the enterprise itself.
Nowadays, many enterprises don't know what to do with the money they have earned. At this time, using it for reasonable investment and financial management can improve the company's profitability and further raise the company's stock price. Look at it now, which large company has not been involved in the financial field?
Furthermore, it is also a very common phenomenon for major listed companies to hold each other's shares for market complementarity.
However, once a company engaged in the real economy enters the financial field, it involves adjusting its own strategic issues. In short, your real industry must be strong enough, and then use the real industry to drive its own sustainable development in the financial field to achieve a win-win situation, which has a priority. Instead of putting the cart before the horse, if your real industry is not profitable, you want to share a piece of the financial market.
In other words, the purpose of listed companies investing in stocks is not the goal, but the ultimate goal is to make your real industry bigger and stronger.But now it seems that these listed companies have misunderstood. They have suffered losses of 185 million yuan over three years, and instead of thinking about how to optimize their industrial structure and expand their market share, they are using idle funds to speculate in stocks. What are we, the shareholders, supposed to think about this?
Oh, I gave you the money, betting that you could manage your own business well, but you are gambling on someone else's business. In fact, this is a form of harm to the shareholders.
Let's magnify the issue further. If listed companies are counting on stock speculation to make quick money, what's the point of having listed companies? Some experts say that 3 trillion can directly pull the stock market to 4000 points, bringing an increase in wealth of 25 trillion. If that's really the case, then we don't need to work at all, just wait for money to fall from the sky.
Therefore, behind the stock market frenzy, what the country needs is to use finance to support the development of real enterprises, not to use finance to devour the growth of real enterprises.
In this capital feast, we, the listed companies, need to be more rational. We must resist the huge temptations outside and focus on doing our own business well. In this way, is there still a need for us to speculate in other people's stocks? What do you think?