Shenzhen Stock Exchange issued three demon hunting orders in five days to curb VR hype GQY video was "temporarily suspended"

The hype of theme stocks has been booming, and supervisory inquiry letters and supervision letters have been issued together. The intensity has been increased and the measures have become stricter. For a time, various demon stocks on the market either suspended their trading for self-inspection, or used callbacks to hide their traces, and the "demon hunting order" began to show its power.

Original title: The Shenzhen Stock Exchange issued demon hunting orders three times in five days to curb the popularity of VR and artificial intelligence

speculation stocks. Supervisory letter and supervision letter were issued simultaneously, and the intensity was intensified and the measures became stricter. For a time, various demon stocks on the market either suspended their trading for self-inspection, or used callbacks to hide their traces, and the "demon hunting order" began to show its power.

Yesterday, the Shenzhen Stock Exchange issued a document stating that it remains highly sensitive to hot topics such as virtual reality, graphene, artificial intelligence, PE+ listed companies, capital systems or partnerships entering listed companies, and urges companies to accurately and completely disclose specific situations and impacts on the company. Impact, and fully disclose existing risks. At the same time, it refines the suspension cooling and insider trading verification systems to decisively curb market speculation.

On the afternoon of July 25, the Shenzhen Stock Exchange stated that it should focus on curbing illegal sales reductions; increase supervision of abnormal trading behaviors, and strengthen market transactions around the four key points of "key accounts, key behaviors, key stocks, and key periods". Real-time tracking and early warning monitoring of systemic risks.

On July 22, the Shenzhen Stock Exchange stated in its first supervision letter that it would fully implement the industry group supervision model and create a three-dimensional monitoring network that combines industry supervision and classified supervision. In response to the securitization phenomenon of performing stars, the information disclosure guidelines for the radio, film and television industry were revised, and information disclosure guidelines for industries such as LED photoelectronics, robots, medical machinery, information security, and Internet marketing were drafted. The Shenzhen Stock Exchange also stated that it is actively promoting the transformation of regulatory thinking and exploring the gradual shift from the traditional model of "supervising investors" to "supervising members as the center."

On July 15, GQY video, which benefited from the AR game PokemonGo, was "temporarily suspended". Although Pokemon games have not yet been unlocked in the mainland, they have already set off a wave of "AR craze" in the A-share market. Leading stock GQY Video has experienced four consecutive daily limits. What triggered GQY's share price was news in June this year. Meta, a leading AR technology company in the United States, announced that it had completed a US$50 million Series B financing. The main investors include Lenovo, Tencent, Gao Rong Capital, GQY, etc. On July 21, after GQY Video suspended and resumed trading, it dropped from a high of 18.29 yuan to 15.92 yuan at yesterday's close, a drop of 13%. The hype fever has dropped significantly.

Editor: Nancy