70% of the lifting unit frozen period reduction in reported disclosure pressure plummeting

Following the first half of 2008, after the lifting of the ban restricted stock, restricted stock climax of the lifting of the second half of the whole into troughs. According to the end of April by the dissolution of the stock of public companies limited guidance for the transfer of shares, listed the controlling shareholder in periodic reports published before transfer to sell shares are restricted, meaning that in the report published this year, the market to sell shares during the lifting pressure would significantly mitigate.

(Http://) according to the WIND information statistics, there are two cities throughout 2008 at 2.37 billion market value of the restricted shares in the first half of the lifting of the ban lifted, of which about 1.45 billion yuan, accounting for more than more than 60%. Which, in the first half of January, February, March and may, 4 month lifted the market value of over $ 10 billion in 2000, February and March peak period of the lifting of the market value of more than 3500 million.

Although overall in the second half of the lifting pressure compared to the first half of the decline, but the second half of August and December, such as two month lifting market value are more than 2000 billion, as the second half of the lifting of the ban of two peaks. In fact, 12 July to August 31, 2008 in daily time booking disclosure, and two months to sell shares lifted more than 3000 billion in total size.

And the Commission in April this year, the listed companies published by lifting the transfer of shares to sell stock guidance explicitly in article 5 provides that "the controlling shareholders of listed companies in the Corporation's annual report, half-annual report within 30 days prior notice shall not be transferable to sell stock shares lifted. "This is undoubtedly eased during lifting unit in the report.

According to statistics, the surrender document disclosed in the previous 30 days to report the disclosure is complete (31 August), two city total 249 company totals more than 267 million restricted shares of the market. And from all listed companies published in the newspaper an appointment time statistics, total disclosure 98 listed company totals more than 192 million shares under the guidance of the relevant conditions, representing 72% compared to the past. Which will be held August 29 published in newspapers of Baosteel co., Ltd., Baosteel Group shareholder holds more than 119 million shares will be listed on August 19, in newspaper circulation announced the lifting of the ban during the number of maximum units, but due to the flow of time are listed in the report published time significantly less than 30 days, the time of transfer of shares may no doubt be deferred until after the reported disclosure in the unit.

In addition, subject to the foregoing, the major shareholder in the newspaper announced the lifting of restrictions on the transfer before the number of shares of the larger units also include shenneng co., CITIC Securities, shaogang Songshan, Oriental Pearl, suning appliance, Guangzhou holdings and Huadian international, etc. Among them, the second of shenneng co. limited lifting of the ban on the transfer of shares has more than 15 million units, while the remaining companies limited lifting unit quantity is 3 to 10 billion shares.

It is worth noting that, according to statistics, before the end of August has 151 company totals nearly 75 million lifting unit, due to the lifting of the ban time are published in the newspaper for more than 30 day limit, or lifting time is later than the time of publication in the newspaper, it is not subject to the foregoing restrictions. Where the State power, sinochem international, Sany heavy industry, chemical industry, the deep Western A negative development, electric power, China jialing, Shanghai electric power, 14 units by the end of August the lifting of the ban before the unrestricted stock quantity is more than 1 billion shares. While the State power, sinochem international period has more than 6 million shares to sell shares in circulation. Since the two companies lifted stocks times later than in the newspaper, secondary market continues to face a certain pressure.