Birth
At that time, only 7 stocks such as Zhongxing Industrial, Oriental Industrial, Jiangsu Group, Guangzhou Electric Power, Zhanjiang Supply, Guangdong Guangjian and Nanhai Development, in the NET system. The market is small. According to the relevant regulations, the social groups that have legal personnel qualifications and effective certificates can be approved by the social organizations, which can be used according to law, through a NET system securitual agent, participated in the legal personnel trading. Thus, the "two two networks" of Shanghai, Shenzhen Stock Exchange and Staq, Net two computer networks have been formed by two computer networks. However, due to many reasons, both STAQ and NET two trading systems are increasingly shrinking, and the benefits of listed companies are not satisfactory.
Development History
- June 1, 1993, General Secretary Jiang Zemin inspected the China People's Bank of China, and inspected the NET system monitoring center, and with Wang Boyan manager. Cearched hands, the General Secretary Jiang is interested in understanding the operation of the NET system, accompanied by the Chairman Liu Hongru, the Chairman of the China Securities Regulatory Commission, also gives NET system inscription, and the inscription is "strengthen cooperation."
- On September 9, 1999, in order to integrate multiple management of China's securities market, prevent Asian financial crisis, due to National Day color routine control and equipment maintenance, the Staq network is closed by the above-level department, close the STAQ network and NET network, these two systems stop running.
- - On 1 September 2000, the China Securities Regulatory Commission Office issued the "Notice on Reply Staq, NET System Stock Foreign Inquiry Call" (SFC Office Send [2000] No. 29 document), the main content "has or is taking the recommended listing of the listing conditions, it is not compliant with the listing conditions but there is a restructuring basis, it is recommended to list after the restructuring, no restructuring basic circulation legal person stock Replacement with the shares of listed or to listed, organize powerful enterprises and other measures to handle two systems original listing stock .... In the future, the China Securities Regulatory Commission will continue to apply for the listing of two system original listing companies, in the law Within the scope of the regulations, priority, grasp the audit. "
--- May 25, the Securities Industry Association announced the" non-listed company's share transfer "method to solve the problem of two network stocks . The Securities Industry Association is in charge of the two businesses. Two net shares stocks and shareholders, according to the day (or 3 days or 5 days), the provision of shares once a day, the rising decline is limited to 5%.