On March 19, Yinjiang shares issued an announcement saying that it received a letter of concern from the Shenzhen Stock Exchange, requesting to explain whether there is a motive to hype the stock price by using the hot concept of blockchain. Today, Yinjiang shares opened with a drop in stock price.
On March 16, Yinjiang Co., Ltd. once published an article on the WeChat public account, saying, Shu Niu Financial Services, a participating enterprise, has reached a strategic cooperation with Zhejiang Qianmai Judicial Appraisal Center, and has landed the worlds first blockchain electronic data judicial appraisal certificate. , the article was deleted after the companys stock price rose rapidly that day.
This is another company that has been questioned by a statement issued by regulators due to the enthusiasm for blockchain concept stocks since the hype of blockchain concept stocks in January.
On the evening of January 16, in response to abnormal changes in blockchain concept stocks, the Shanghai Stock Exchange issued an announcement stating that it will strengthen the supervision of blockchain concept hype, and will promptly take disciplinary action against violations of blockchain concepts for hype and misleading investors. As a result, many companies have issued clarification announcements to clarify the relationship.
Prior to this, Youjiu Games high-profilely announced the layout of the blockchain game business on January 8, recording daily limit for two consecutive days; Trading was suspended for verification, and once trading resumed on the 16th, the daily limit was raised again; on the 15th, the Zhongqingbao interactive platform disclosed its involvement in the blockchain, and the stock rose sharply; After getting involved in the blockchain, the stock price rose in a straight line shortly after, until it reached the daily limit.
And if you zoom out to the global scope, this is not the only one in China.
In February of this year, the US stock exchange operator Nasdaq has issued a delisting decision to Long Island Blockchain (formerly known as Long Island Iced Tea, Nasdaq code: LBCC), and they believe that the listed company is involved in blockchain technology. Conceptual stock speculation, misleading investors. Previously, after the news of Changdao Blockchain’s name change was released, the company soared 500% before the market, and its stock price once approached $15 from less than $2.50, and its market value rose from $23.8 million to more than $100 million.
Behind the enthusiasm of many companies is the positive response of the capital market to the concept of blockchain as the popularity of blockchain continues to heat up. In China, following the inclusion of blockchain technology in the national strategy in 2016, the Ministry of Industry and Information Technology issued an announcement in March this year that it will promote the formation of a complete blockchain standard system as soon as possible, adding to its popularity.
It is not clear when the blockchain concept hype bubble will stop, but what can be seen is that in response to the hype of blockchain concept stocks, the regulatory authorities are repeatedly releasing regulatory signals.
