Private equity big V reports Shede wine industry suspected of illegal manipulation

　　The evidence is the candlestick chart?

　　Willing to wine industry: all behaviors are legal and compliant, and there are no violations

　　Internet celebrity stocks have many merits.

On the evening of June 9, Dong Baozhen, a private equity tycoon, reported that Shede Liquor (600702.SH) was suspected of illegal manipulation and requested the Securities Regulatory Commission to investigate, which aroused high market concern.

　　In the past six months, influenced by Fosun’s ownership and good business conditions, the share price of the wine industry has soared, becoming the “super internet celebrity” in this round of liquor market, which has more than tripled in just three months.

However, due to the continuous decline in recent days and the impact of Dong Baozhen’s report, the willingness to wine industry opened sharply on June 10, and reached its limit in the afternoon at RMB 195.21 per share. The turnover was 5.174 billion yuan throughout the day. The current market value is 65.6 billion yuan, and it has evaporated in a single day. 7 billion yuan.

　　On June 10, Dong Baozhen told the Red Star Capital Bureau that he was only judging by the stock price trend, and there was no evidence.

However, the China Securities Regulatory Commission and the public security organs have provided a case-without direct evidence, an investigation was initiated through abnormal transaction characteristics and stock price movements, and an illegal manipulation was successfully detected.

　　In this regard, a person in the Shede Wine Industry stated that the report has nothing to do with the listed company itself; all the actions of Shede Wine Industry are legal and compliant, and the controlling shareholder and related parties of the company do not have any behaviors to manipulate the stock price; all the company's production and operation are normal.

　　Private equity big V real-name report:

　　Someone manipulated the share price of the wine industry

　　On the evening of June 9th, Dong Baozhen, who was certified as the chairman of Lingtong Shengtai Investment Management, published on Weibo "Dong Baozhen's Report to the Securities Regulatory Commission on the possibility of illegal manipulation of shares in the wine industry", stating that "the shares of the wine industry may be manipulated." Reported illegal manipulation to the China Securities Regulatory Commission and requested an investigation in this regard."

　　The Red Star Capital Bureau confirmed to Dong Baozhen himself on June 10 that it was a real-name report, and listed the logical basis for the possible illegal manipulation of the Shede wine industry, and the shares of Jiamei Packaging (002969.SZ) seized by the joint action of the Securities Regulatory Commission and public security agencies The K-line trend is basically the same.

On September 9th last year, the share price of Jiamei Packaging suddenly staged a "sky floor", after which it plummeted.

Prior to this, the share price of Jiamei Packaging rapidly doubled and was known as the "demon stock."

　　Recently, Dong Baozhen has received attention for supporting former private equity champion Ye Fei to report 18 listed companies suspected of manipulating stock prices.

Dong Baozhen believed that Ye Fei, as a "stained witness", had been infringed on his own interests, and in angrily exposed other suspected criminals.

There is no good element in subjective intention, but the objective effect has hit the illegal behavior. From this perspective, Ye Fei made a positive contribution.

　　Probably affected by Ye Fei's real-name report, Dong Baozhen himself has now stepped up to report the suspected illegal manipulation of the Shede wine industry in real name.

However, compared with the various evidences provided by Ye Fei, Dong Baozhen had no evidence and only relied on his own feelings to be accused of lacking persuasiveness.

　　On the morning of June 10, Dong Baozhen said in an interview with the Red Star Capital Bureau: “I did this to make a shout out with action. The supervision of China’s capital market is still too loose. Those obvious and old securities practitioners have a quick glance. It seems that it is a phenomenon of stock manipulation, and there is no supervision, or there is no more information after the supervision has issued a reminder. As a participant in the capital market, I have the obligation to give out my own voice."

　　Dong Baozhen also admitted that it is difficult for him to obtain evidence, and so far he has not provided objective evidence.

However, the China Securities Regulatory Commission and the public security organs have provided a case-without direct evidence, an investigation was initiated through abnormal transaction characteristics and stock price movements, and the illegal manipulation of Jiamei packaging was finally found.

　　Regarding whether the China Securities Regulatory Commission has accepted the real-name report, has anyone contacted the regulatory authority, and whether the listed company has communicated with it, Dong Baozhen said: "At present, except for friends in the media, I am actively contacted and no other subject has contacted me."

　　Dong Baozhen

　　Based on common sense

　　Behind a specific stock price movement

　　There is always manipulation

　　After Dong Baozhen issued the real-name report letter, on June 10, the outside world accused him of using Jiamei Packaging to push one another, and only "look at the K-line graph" to make the report. This reason is a bit strange, and the report only talks about logic and does not talk about evidence. , Lacks persuasiveness, and therefore doubts his motive for reporting.

　　In response, Dong Baozhen said that as an individual, only abnormal trends can be found, and transaction data can only be checked by officials.

The whistleblower is not a detective, and he has no way to find all the evidence.

If the whistleblower needs to investigate like Holmes, and get actual evidence and hard evidence, this actually helps the manipulators.

　　"What I report is that there is a force in the market that may use the capital advantage to manipulate the stock price. My report is limited to this." Dong Baozhen said, but who this subject is and whether it has contact with the listed company is the responsibility of the supervisory authority. Ability appraisal.

　　Dong Baozhen also said that based on years of experience in capital market survival, based on common sense, he believes that there is always manipulation behind that particular stock price trend.

　　Regarding the evidence link repeatedly asked by media reporters in collective interviews, Dong Baozhen defended: "Only when we get physical evidence can we report? This is not suitable for the financial market, and the law also needs to keep pace with the times."

　　He said that with the emergence of financial markets and the emergence of virtual transactions, transaction characteristics have changed, which determines whether to investigate or report in the financial market, physical evidence cannot be completely required.

"Trend characteristics, abnormal trends, and abnormal transaction data can be used as a basis for reporting and filing a case."

　　Dong Baozhen even believes that the issue of weak or insufficient evidence is precisely the most critical issue in this reporting incident, that is, does the reporter have the right to report based on abnormal stock price trends and abnormal transaction data?

The known facts are: Supervisors and public security organs have seized Jiamei Packaging based on abnormal transaction data and abnormal trends. Can ordinary people use the same reason to report?

Dong Baozhen believes that if this legal issue is clarified, it is more meaningful than reporting.

　　“If there is a crime of manipulation in the capital market, its trend will have obvious characteristics. The trend of Jiamei Packaging is the inevitable crime of general manipulation. Therefore, we can observe the trend of stock price and find manipulation crime.” Dong Baozhen said that logically, the capital market is harmonious. Shares with similar trends in Jiamei Packaging may be suspected of manipulating crimes!

　　Willing to wine industry

　　Reporting is "presumption of guilt"

　　Create panic

　　Regarding whether Dong Baozhen liquidated liquor stocks by himself and bought bank stocks, he missed the liquor market. Some people said that he had run out of liquor and was sour.

Dong Baozhen responded: "Sorry, this question has nothing to do with my report this time. I will only talk about this report and matters related to the report."

　　Public information shows that Dong Baozhen has been constantly looking at blank wine stocks recently, and has heavily invested in bank stocks, and his personal private equity fund products have poor returns.

　　As to whether Dong Baozhen's private equity fund products hold a short position in the wine industry or the liquor sector, Dong Baozhen did not reply, but his company representative replied: "Position holding is the company's core secret and it is not convenient to answer."

　　The Red Star Capital Bureau has noticed that some investors have made remarks on the Internet that Dong Baozhen used his personal self-media platform to publish undocumented remarks to create panic and mislead the public, causing the stock price to fluctuate sharply, and said that it would seek compensation from Dong Baozhen.

　　In response to Dong Baozhen’s report, on June 10th, Xide Liquor Industry responded that Dong Baozhen’s report had no substantive evidence. The content of the report and the so-called response content were in itself a "presumption of guilt" speculation. All activities of Xide Liquor were legal and compliant, and the company controlled There is no violation of regulations by shareholders and related parties.

As a listed company, it resolutely opposes any illegal and illegal manipulation of stock prices, resolutely safeguards the interests of investors, and opposes unfounded speculations that create panic and untrue reports that cause abnormal stock price fluctuations.

At present, the company's production and operation are all normal.

　　Liquor industry expert Xiao Zhuqing told the Red Star Capital Bureau, “From a legal point of view, it is generally “no suspicion of crime”. If the reporter does not have direct evidence to report, it may shake the confidence of some retail investors and investors." He further pointed out that he was willing. The wine industry has core competitive advantages. First, there is a large stock of old wines. Second, the national sales and service system is sound. Third, the brand power has formed a fixed consumer group, and this consumer group has a tendency to expand.

He believes that the issue of abnormal fluctuations in the stock price of the wine industry needs to wait for investigation by relevant departments.

　　Chengdu Commercial Daily-Red Star News Correspondent Li Weiming