Reserch On The Influence Of Chinese Concept Stock Regression With The Interests Of Outside Investors

As China's economy continues to grow at a rapid pace,a large number of private enterprises are going public overseas.Such overseas-listed Chinese companies are collectively known as' China concept stocks,'or' Chinese concept stocks.'In recent years,with the advent of the Internet technology era,relevant stocks have become the focus of investment in the domestic capital market.The popularity of these stocks has led to the high valuation,high liquidity,improved brand awareness,refinancing and other advantages of enterprises in this industry in the market,attracting A large number of Chinese concept stocks to return to a-shares from overseas.It is not difficult to see from A large number of Chinese concept stocks returning to the case,many Chinese concept stocks returned to the a-share market,in the case of no change in the business and earnings,the valuation doubled,the price soared;Even the share prices of other listed companies related to the company before the formal restructuring disclosure should also have the possibility of backdoor mergers,which would raise the price of the company.However,when the backdoor listing is completed,the valuation is restored,the bubble is squeezed and the stock price continues to fall,but the original shareholders still get multiple paper returns.In this short period of time the existence of huge stock price changes in the end by whom?What role do outside investors play in this?What will be the impact on the interests of outside investors?The reason?This paper takes the interests of minority shareholders as the entry point,takes Qihoo 360 as the case object,describes and analyzes the interests of the event of Chinese concept stock regression by combining quantitative and qualitative methods,and studies the influence of the event on the interests of minority shareholders.After a series of discussions and analysis,this paper comes to the following conclusions:first,outside investors are used to chasing hot topics in the capital market,which leads to the abnormal movement of concept stocks related to the regression of Chinese concept stocks and causes capital speculation.At the same time,Chinese concept stocks after the return of the stock price soaring,soaring market value,valuation bubble;Secondly,due to the strict listing system,China's securities market is hard to enter,and some small-cap stocks with mediocre performance can also enjoy high valuation premium due to scarce shell resources.Therefore,it is necessary to deepen market-oriented reform and promote IPO registration system.Third,the violation cost of China's securities market is too low,and institutional investors have the possibility of insider trading.At the same time,we should promote better connection between executions and crack down on illegal behaviors in the capital market.Fourth,in markets where there is no short-selling mechanism,investors can only profit by buying low and selling high.After the irrational rise,the stock price has formed a bubble of inflated valuation.When the market returns to reason,the outside investors in a weak position can only be trapped.