Stock traps can lose wealth, education and supervision of a two-pronged approach

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Written by: Commentary Editing Room

2020-08-17 07:00

The new crown pneumonia ravaged global stock markets and fell. Many citizens saw this as an opportunity to invest in stocks. However, investment involves risks. Stock prices can go up or down. There have been a number of suspected stock-related fraud incidents in Hong Kong recently, which also raises concerns that criminals are taking advantage of the public's mentality of "quick money" to make huge profits. Investors should invest cautiously on the one hand, and on the other hand, the police and the Securities Regulatory Commission should investigate this and try to prevent similar incidents from happening again in the future.

On Thursday (13th), the stock of Deep Blue Technology plunged by 80% in a single day. Some media found that in a Whatsapp group, someone claimed to have received a notice from the board member of "HSBC Holdings", Mr. William Shaw, that he would buy Deep Blue Technology stocks. , In order to attract group members to buy the stock, but the stock price fell from 1.66 yuan to 0.3 yuan by the end of the day, and the so-called HSBC acquisition also disappeared. On the 31st of last month, the new stock Ritamix also had a similar situation. The stock dropped from a high of 6.76 yuan to 1.1 yuan in a single day. When a victim revealed to the media that she knew a woman from "Tinder", the woman claimed to be engaged in banking business and gradually reported to the victim. The recommendation to buy Ritamix resulted in a loss of more than 100,000 hands.

Investment involves risks, and stock prices may rise or fall. (Profile picture)

Promote correct financial management concepts

The Securities Regulatory Commission has always named listed companies whose equity is concentrated in a very small number of shareholders as a risk warning. Many of the "low stocks" in the market will have the characteristics of high concentration of equity, which means that stock makers have the ability to control the stock price in the market. Among them, Ritamix was named by the Securities Regulatory Commission in mid-July before the plunge. Investors’ losses were not can not be avoided. However, the risk of high concentration of equity may not be understood by some novice investors.

In recent months, the investment atmosphere in Hong Kong has been hot. The "Investor and Financial Education Committee", which is dedicated to enhancing Hong Kong citizens' financial knowledge and ability, can promote more stock market fraud or stock picking knowledge, such as using the "Qian Youdao" platform to promote new investors Correct investment concepts, teach investors to assess the risks behind different investment tools, and remind the public not to believe "inside information" easily. As the entertainer Huang Zihua once pointed out in a big laugh, "The most severe drop in the world-Number drop", it is unwise to buy stocks with only known numbers with a full net worth.

It is really unwise to buy stocks with only known numbers with full net worth. ("Wall Street Werewolf" stills)

Strictly investigate suspected Internet fraud

Similar incidents have occurred more than once, and the social media used by "bookmakers" are not limited to the traditional Whatsapp, Wechat, Telegram, and Facebook. Different dating software and social media may lie in secret. The Securities Regulatory Commission shall investigate the securities firms and shareholders related to the incident to find out the flow of funds after the sale. The relevant authorities should also study how to make market mechanisms more difficult for market makers to control prices, or study how the securities regulatory authorities can give investors more obvious warnings. As for social groups or personal accounts suspected of providing investment advice online, the police should also investigate whether the incident involves crimes such as fraud and trace the source of the message.

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Stock Investor and Financial Education Committee / Investment Committee Securities Regulatory Commission 01 Views