What is SMS supervision in Shanghai Stock Exchange?

As far as I know, Maotai is a high-priced A-share stock. On the evening of 24th, the Shanghai Stock Exchange issued a supervision letter on Kweichow Moutai related matters, involving listed companies. Once this news was released, it attracted the attention of the market. What does it mean for Kweichow Moutai to receive a supervision letter? Let's take a look and uncover the mystery of the whole thing.

According to the information I got from the market, the specific content of the supervision letter of the Shanghai Stock Exchange has not been disclosed yet, but it is speculated that it may be related to the announcement of Maotai the day before yesterday. On the 23rd, Kweichow Moutai announced that it had received a notice from its controlling shareholder, Maotai Group, and according to the relevant notice requirements of the State-owned Assets Supervision and Administration Commission of Guizhou Provincial People's Government, Maotai Group planned to transfer its 50.24 million shares (accounting for 4.00% of the total share capital) to Guizhou Provincial State-owned Capital Operation Co., Ltd. through free transfer. Does this mean that part of Maotai's equity is allocated to state-owned assets? It is reported that the supervision letter issued by the exchange to listed companies generally means that listed companies violate the provisions of the Securities Law, the Company Law, the Stock Listing Rules, and the Measures for the Administration of Information Disclosure of Listed Companies. The impact of this matter on the stock price of Kweichow Moutai remains to be seen.

So will it lead to the stock market shock of Maotai? I don't know, but at present, it has little impact.

On the whole, it is normal for the State Administration of Market Supervision to issue a document to name Maotai before the festival, so people don't have to panic excessively.

In addition, as far as I know, not only the Shanghai Stock Exchange where Maotai shares are located, but also the State Administration of Market Supervision, the regulatory department of Moutai circulation, has strengthened the supervision of Moutai prices. On the evening of 24th, the website of the State Administration of Market Supervision issued the Notice on Strengthening Market Price Supervision during the Spring Festival of 20021New Year's Day, which mentioned strengthening the price supervision of famous wines such as Maotai. Strictly investigate various forms of price collusion, price fraud, price fraud and other price violations that harm consumers' rights and disrupt market order.

In fact, the rectification of Maotai is also a good situation, which has a positive effect on the recovery of market order.