Sino-Singapore Jingwei, July 12 (Zhang Zhihan intern Zhou Sijing) On the evening of July 10, the former "Private First Brother" Xu Xiang's wife Ying Ying posted on social media, "Tianqi Lithium Industry Davis double-click has reached its peak. , the price is overvalued."
After the market opened on July 11, Tianqi Lithium opened lower, and then the stock price hit the daily limit.
As of press time, Tianqi Lithium continued to decline.
According to the official website of the Securities Association of China, Ying Ying's "general securities practitioners" executive registration was cancelled in February 2009.
Ying Ying is not currently a securities practitioner. Is her comment on individual stocks compliant?
Zhang Cuixia, chief investment advisor of Jufeng Investment, told the Sino-Singapore Jingwei Research Institute that, from the perspective of basic industry regulatory regulations, to put forward clear analysis opinions on secondary market trends, securities valuations of individual stocks, etc. Interim Provisions on Reporting.
"Ying Ying's general securities qualification is in the state of resignation and cancellation. As a rule, it is not appropriate to publish market analysis and views on individual stocks on the public platform. If her official account has commercial activities and involves specific investment suggestions, she will be suspected of developing securities without a license. Investment advisory business. If it is verified that he has a relevant interest relationship with the listed company, this kind of comment is inappropriate under the strong 'celebrity' effect, which is different from that of ordinary investors commenting on individual stocks. "Zhang Cuixia explained.
Even if you have the qualifications of securities practitioners, it does not mean that you can ignore stock reviews.
Zhang Cuixia pointed out that there are prohibited behaviors in the securities industry, including not providing customers with affirmative opinions on the rise or fall of securities prices, not providing advice on specific trading operations to non-specific customers; not guaranteeing investment returns to customers, and not publishing on public platforms. Operational advice on securities investment, etc.
"The conventional expression should be that after a stock experiences a sharp surge in premium, the pressure on cashing out of funds increases, and based on the logic of fundamentals and technicals, once the stock effectively breaks down the strong support of a certain price center, it means that the market will adjust in the future. The risk increases." Zhang Cuixia said as an example.
Some market views believe that the reason why Ying Ying's comments on individual stocks caused an uproar is not whether Ying Ying has investment advisory qualifications, but the special status of her being the wife of Xu Xiang, the former "Private Equity Brother".
In this regard, Zhang Cuixia said that for any other analyst, even publishing hundreds of pages of bearish research reports may not have such an effect.
However, Ying Ying's 18-word comment, without any evidence to support it, worked.
Obviously, his Weibo-certified "Xu Xiang's wife" has great influence on the stock market, which is full of emotional trading and behavior.
Liu Chunsheng, an associate professor at the Central University of Finance and Economics, believes that Ying Ying's identity is indeed special, but from a legal point of view, marriage cannot be a reason to restrict her comments on individual stocks.
As for how the market reacts, it depends on the judgment and choice of investors.
"From the perspective of personal professional quality, you should still restrain yourself and be cautious in words and deeds, but this is a form of self-discipline, and should not be a moral kidnapping or the basis for identifying it as illegal behavior." Liu Chunsheng added.