Abnormal trading price of risk in Shanghai and Shenzhen Warrants issued a document control.

<P>: Http:// hearing, since August 1, 2007, the first investors to buy warrants, warrants trading before the opening of business department to open an account in writing signed by the "Warrants Risk Disclosure Statement", not in writing and signed ."Warrants Risk Disclosure Statement," the customer, will not be able to warrant a purchase transaction. .</ P> <P> According to the China Securities News reported that warrants trading to control risks and maintain fair and orderly market, to each member of the Shanghai and Shenzhen Stock Exchange has issued the "Warrants Risk Disclosure Statement" signed notice of the matter once again reiterated that members .units must deal with the first investors in writing and signed warrants, "warrant the risk of revealing book." .</ P> <P> person in charge of the Shanghai and Shenzhen Stock Exchange said trading in warrants recently appeared in some irrational investment behavior show that some investors do not understand the product characteristics, not familiar with the trading rules, poor awareness of investment risks. .Another individual investors ignore the market trading rules, declared by a large, continuous reporting, turning frequently reported as a result of warrants trading price is significantly abnormal. .These problems reflect the risk of some members of the investor education is not fully implemented, the management of customer transactions is relatively weak. .</ P> <P> official said in Shanghai and Shenzhen exchanges, investors to buy warrants the notification requirement, you must face to the business department to open an account in writing signed the "Warrants Risk Disclosure Statement" and stop the signing of a number of off-site approach .mainly to avoid the risk of revealing book signing going through the motions, so that risk disclosure statement and investor education and other related measures can truly serve as a warning risks. .Member must be provided to the first comprehensive introduction to investors trading warrants related to business rules, and fully reveal the high-risk warrant transactions, the effective guidance, to remind investors that warrants attention and control trading risks. .Investors once signed "Warrants Risk Disclosure Statement" to indicate that investors understand the risks associated with warrants investment of their own trading and related behaviors bear the corresponding responsibility. .Therefore, investors and brokers should attach adequate importance to this. .</ P> <P> real value in the near zero a few expired warrants trading, some investors are still a large number of buy and hold, many because of the warrants resulting in the loss of basic common sense do not understand. .Therefore, the investor education needs to further strengthen member. .Member and their respective business department should be some more user-friendly promotional materials, efficient way through a variety of interpretation to the client warrants continued investment risk, related regulations and trading rules, trading in the warrants expire and shall, when the increased risk .by post, phone alerts, e-mail, SMS, fax and other means, promptly inform the customer, and also in the company's Web site home page, online quotes system, online trading system, telephone system, commissioned by publishing tips, really good job in customer service .work. .In addition, members should also implement an effective monitoring customer transactions, suspected violations of the discovery should be prevented in time. .</ P> <P> recent years, the Shanghai and Shenzhen Stock Exchange has taken the temporary suspension and other cautionary intraday suspension measures; in the investigation of regulatory concern based on the list of accounts to focus on tracking and monitoring, and requested the relevant securities firms to enhance customer management .with the regulation; big deal for individual exceptions, the exchange also has to take a written warning to restrict the account transactions, reported to the Audit Commission and other regulatory measures. .</ P>.