闽灿坤B退市风险惊吓市场 Fujian tsann kuen B retreat city scare market risk

　　本报讯 B股指数昨日午后开盘后不久便突然杀跌，下午2点之后， 指数和个股下跌幅度逐步扩大，截止到收盘时，B股指数重挫4.71%，创下了年内单日最大跌幅。凯马B、凌云B股、京东方B、粤华包B、中鲁B、闽灿坤B等十余只B股趴在跌停板上。B股的大幅下跌也拖累了A股反弹的步伐，截至收盘A股下跌0.49%，深成指下跌1.16%。

Report from our correspondent B shares index yesterday afternoon after opening soon suddenly winners，After 2 p.m.， Index and stocks fell by gradually expand，By closing，B shares index badly hit 4.71%，The biggest one-day drop in years。Kay horse B、Lingyun B shares、Beijing Oriental B、Guangdong China bag B、ZhongLu B、Fujian tsann kuen B to wait for more than 10 only B shares on drop stop。B shares of steep declines also to drag down the A shares the pace of the rebound，By closing A shares down 0.49%，Shenzhen composition index down 1.16%。

　　闽灿坤B成“替罪羊” Fujian tsann kuen B into“scapegoat”

　　就在B股指数暴跌之时，市场将直接导火索一面倒地推给了面临退市风险的闽灿坤B。闽灿坤B昨日再度封死跌停，报0.75港元。这是该股连续第三个交易日跌停，也是连续两天“一”字跌停。截至7月25日，该公司股价已连续13个交易日低于面值，根据深交所7初开始实施的《股票上市规则(2012年修订)》，如果连续20个交易日每日股票收盘价均低于每股面值的，其股票将直接终止上市。

In B shares index plunged，The market will directly fuse to face down a push to withdraw from the market risk fujian tsann kuen B。Fujian tsann kuen B yesterday blocked again drop stop，Quote hk $0.75。This is the third consecutive trading day of drop stop，Also on two consecutive days“a”Word drop stop。By July 25,，The company's share price has been 13 trading below its face value，According to the beginning of the implementation of the shenzhen 7《Listed on the stock exchange rules(Revised in 2012)》，If 20 consecutive trading day daily stock closing price are all lower than par value per share，Its shares will be terminated listed directly。

　　“其实公司自7月9日的收盘价已经跌破1元钱的面值，当日收盘价是1.07元港币。”闽灿坤B证券代表处负责人昨日向记者表示，“确实是13个交易日连续跌破1元人民币了，按照这个趋势公司退市的可能性很大，交易将转到三板去。”

“In fact the company since July 9 closing price has one yuan below par value，On that day the closing price is 1.07 Hong Kong dollars。”Fujian tsann kuen B securities chief representative office yesterday told reporters，“Really is 13 consecutive 1 yuan trading day below，According to this trend the company retreat city possibility is very large，Trade will turn to SanBan。”

　　当记者询问投资者面对风险是否要提前抛售时，上述闽灿坤B负责人回答道：“这个我无法回答你，无法给你建议，我们也很不愿意看到公司退市的结果，但确实面领着退市的风险。”记者查阅B股最新报价发现，京东方B与*ST中华B最新人民币报价均低于1元面值。

When reporters asked about whether to risk investors face in advance when selling，The above fujian tsann kuen B chief replied：“This I can't answer you，Can't give you advice，We are not willing to see the company retreat city results，But it does face led to withdraw from the market risk。”Reporters access to B shares latest quotation for discovery，Beijing Oriental B and * ST the latest B RMB under 1 yuan quotations are worth。

　　幕后资金“蓄谋”做空？ Money behind the scenes“Plan to”Do empty？

　　某不愿具名的业内人士分析，闽灿坤B在前面几个交易日已经连续破面值，当时怎么没有引发B股暴跌，那周三B股大跌了，整个市场就迅速将理由推给了它。B股大跌与A股大跌在时间上存在很强的共振，不排除有一股资金力量蓄意做空B股，从而从侧面制造恐慌气氛，再次打压A股，而且耗费的做空资金规模也不会太大，当前B股市场中以散户居多。

One anonymous insiders，Fujian tsann kuen B in front several trading day has continued the face value，At that time did not cause B shares tumbled how，On Wednesday the B shares plunged，The whole market is quickly will push to the reason it。B shares with A shares plunged A dramatic drop in on time there strong resonance，Don't rule out has a capital strength deliberately do empty B shares，From the side to create panic atmosphere，Again down A shares，And the cost to empty capital size also too won't big，The current B shares in the retail market in the majority。

　　据深交所昨日公布的龙虎榜数据显示，闽灿坤B昨卖出前五家上榜席位中有四家来自深圳。国信证券深圳泰然九路营业部、招商证券(600999,股吧)深圳福民路营业部、安信证券股份深圳福华一路营业部、英大证券深圳华侨城营业部，它们的累计卖出金额还不到300万元。

Shenzhen according to released yesterday with uniqueness data shows，Fujian tsann kuen B yesterday before selling five seats four home in list from shenzhen。Shenzhen unperturbed by the nine road expressed securities sales department、Merchants securities(600999,Shares it)Shenzhen f min road sales department、Anxi shenzhen good fortune China securities shares all the sales department、The big securities shenzhen oct sales department，They sell the accumulative total amount is less than $3 million。

　　统计数据显示，从近两年上证B股指数与上证指数对比来看，去年4月27日，上证B指大跌5.33%，上证指数尾盘跳水一度跌逾1%并在次日再度下跌1.31%；去年6月9日，上证B指重挫7.9%创出去年单日最大跌幅，上证指数下跌1.71%；8月8日，上证B指暴跌6.12%，上证指数重挫3.79%创出去年单日最大跌幅。今年的3月28日，B股当日下跌2.69%，大盘当日重挫2.65%。

Statistics show that，In the past two years from the B shares index and the Shanghai index contrast to see，Last April 27,，The Shanghai B refers to drop 5.33%，The Shanghai index end dish diving once fell more than 1% in the next day and again fall 1.31%；Last June 9,，The Shanghai B refers to heavy defeat makes biggest one-day fall 7.9% last year，The Shanghai index fell 1.71%；August 8,，The Shanghai B refers to plunged 6.12%，The Shanghai index tumbled 3.79% weight makes biggest one-day fall last year。This year's March 28，B shares fell 2.69% on that day，On the day of the grail clobbering 2.65%。

　　B股缘何赢弱 B shares what win the weak

　　对此，方正证券(601901,股吧)资深投资顾问潘益兵向《大众证券报》表示，通过做空B股从而加速A股下跌很有这种可能性，尤其是股指期货市场上的做空力量极有可能暗中帮忙，从当前B股的成交量来观察，期指市场上的做空资金放倒B股的实力是有的，IF1208主力合约空头持仓多在5万手之上，做空B股同时做空股指期货从而获利，这个不是很难做到。

this，Founder securities(601901,Shares it)Senior investment adviser to PanYiBing《Public stock certificate report》said，Through empty B shares thus speeding up do A shares fell very this possibility，Stock index futures market especially do empty power is likely to secretly for help，From the current B shares to observe the volume of sales，Period of refers to the market do empty funds put down the strength of the B shares is some，IF1208 main short position more than 50000 contracts on hand，Do B shares at the same time be empty empty stock index futures and hence profits，This is not hard to do。

　　“人民币对美元即期汇率连续触及跌停，美元资本流出有可能加大。”湘财证券策略分析师徐广福昨日向记者分析，近期美元指数持续强势上升，美元已成为国际资本的避险品种，市场对人民币贬值预期愈发浓烈，所以对于上海B股来讲，这是一个最大的利空。

“The dollar exchange rate drop stop at sight for touch，Capital outflow may increase the dollar。”XiangCai securities analysts XuGuangFu strategy to reporters yesterday analysis，Recently the dollar index continue to enjoy strong rise，The dollar has become the international capital hedge varieties，The market is expected to devalue its currency more powerful，So for the Shanghai B shares speaking，This is one of the biggest bad。

　　潘益兵进一步指出，展望停滞的B股市场陷入“边缘化”危机，恐怕是其长期走弱的最根本原因，近年来B股市场在停止扩容的同时交易清淡、流动性弱，且长期处于折价状态，B股长期被边缘化的趋势已经形成。

PanYiBing further pointed out，Looking to stagnant B shares in the market“marginalized”crisis，I'm afraid is the long-term weakness of the most fundamental reasons，In recent years B shares in the market expansion and stop light trading、Liquidity weak，And in the long run state at a discount，B shares long-term trend of being marginalized has been formed。

　　记者 徐海峰

Reporter xu haifeng got