【新唐人2013年08月19日訊】大陸股市在上個星期的最後一個交易日上演驚魂一幕。滬指在上午短短3分鐘內突然暴漲近6%，下午即被「打回原形」，以陰跌收盤。輿論普遍認為，這次股市「過山車」是光大證券「烏龍指」所致。同時，光大股指期貨上的空頭大增，成為當天股指期貨市場上持空單過夜做多的機構，令整個事件更顯得撲朔迷離。有分析認為，「烏龍指」背後可能另有陰謀。
長期處於熊市之中的A股市場8月16號上午11點06分左右，出現異動。原本平淡如水的大盤突然強力拉升，一度飆漲近6%，滬深300成分股中71只權重股瞬間觸及漲停。
但是，下午開盤以後，市場有消息傳出，這波行情是由光大證券的交易員下單失誤製造的「烏龍指」行情。市場頓時回到了冰點，股指伴隨著投資者失望的情緒一路下瀉，最終以下跌0.65%收盤。
光大證券當天的公告聲稱：該公司「策略投資部門自營業務，在使用其獨立的套利系統時出現問題，公司正在進行相關核查和處置工作。」
很多在當天進場的中小股民不幸成了「炮灰」。
廣州股民施先生：「操縱股市是很容易的事情看來。一個是股民，一個是期貨的投資者，都是一個很不公平的事情。因為有錢你一個大的機構可以操縱的情況下，因為股票很多人都是追漲殺跌的，一下子上去，一下子下來，那可能很-多人就給它套住了。」
據《北京晚報》報導，已經有5位股民就「烏龍指」事件損失賠償向威諾律師事務所進行了諮詢。律師認為，光大證券和上交所都應該對烏龍指事件承擔責任。不過由於利益複雜，訴訟之路必定不會輕鬆。
美國南卡羅來納大學教授謝田：「這些交易的記錄都在，如果中國有健全的法制，中小股民和散戶的權益可以得到保障的話，實際上是不難通過法律訴訟來討回他們的權益的。但關鍵是中國法律形同虛設，即使有《證券法》、《反不正當競爭法》，但如果不能實施，等於特權階層又從小股民身上大撈了一把。最後這件事情可能就這樣不了了之。」
如果只看股票市場，「光大」這次「烏龍指」操作損失將極為慘重。不過，「中國金融期貨交易所」公布的數據顯示，「光大」期貨當天大幅增倉了股指期貨的空單。這意味著如果後市股指期貨下跌，光大甚至可能會有所盈利，從而讓整個市場為它的「誤操作」買單。
大陸金融分析師任中道：「它（光大）隨後有一個操作，就是增加股指期貨，空頭，就是為了彌補自己的損失。光大證券又作了這樣一個操作行為，因此市場上說它有陰謀，有點操縱的嫌疑，在股指期貨上面做這樣的手腳。當然損失最慘重的還是跟風進場的中小股民了。」
大陸金融分析師任中道表示，一般投資者會認為，將現貨價格強行推高，然後在期貨市場上套利是操縱市場的行為。
《北京青年報》的文章質疑，光大的「烏龍指」事有蹊蹺。因為一般的「誤操作」只會發生單個股票的單筆交易上。但是光大卻使大範圍的71只股票同時在瞬間出現漲停﹔另外，當天上午股指出現兩次瘋狂上拉，說明這是一種有持續性的行為。
文章認為，事件的真相，可能並不只是「烏龍指」這麼簡單。監管部門如果能夠從當天大量大盤權重股急劇拉升時的拋單入手，查一查到底是甚麼樣的人，在這波異常行情中「意外獲利」，或許能解開「烏龍指」的玄機。
到目前為止，大陸證監會及上交所尚未公布對此事的調查結果。
採訪/朱智善 編輯/李明飛 後製/君卓
Concerning Moment as Shanghai Stock Market Appears to Hide Conspiracy.
The Chinese stock market exhibited
a concerning shift last week.
The Shanghai stock market jumped nearly 6%
in only 3 minutes, on the morning of August 16.
By the afternoon, it had decreased
back to where it was previously.
This sudden roller coaster ride was believed
a mistake caused by Everbright Securities.
Everbright Securities became the one that held the most
buyers that day, due to the surge of bears for futures.
It is believed that a conspiracy may exist behind this incident.
A concerning incident took place on the
A-share market at 11:06 on August 16.
The stock suddenly pulled strongly, to nearly 6%. 71 stocks
of the Shanghai - Shenzhen 300 index surged to the limit.
However, it was rumored that afternoon that the surge was
a mistake made by Everbright Securities in placing orders.
The market suddenly returned to the freezing point and
closed with a disappointing 0.65% decrease in stock index.
Everbright Securities issued a statement on the same day:
"Everbright Securities strategic investment department's
proprietary trading unit had problems in the operation
of its independent arbitrage system.
The firm has started an investigation."
Many small and medium investors were sacrificed that day.
Mr. Sze, Guangzhou investor: "It seems easy to manipulate
the stock market, and is unfair to individual investors.
With the money, a large organization can easily manipulate
the stock. Many individual investors can be hitched."
Beijing Evening News reported at least five
investors have consulted "Beijing V Law" law
firm, regarding damages and compensation.
The law firm believed that both Everbright Securities
and Shanghai Stock Exchange should take responsibility.
However, complex interests will make litigation difficult.
Professor Xie Tian, University of South
Carolina: "These transactions were recorded.
With a sound legal system, individual investors are protected,
and legal proceedings to recover losses would not be hard.
However, the problem is in fact
law does not really exist in China.
The Securities Act and the Anti-Unfair
Competition Law have never been enforced.
It is very likely this incident will just turn out to be nothing."
It looks as if Everbright will suffer
heavy loss from this incident.
However, according to China Financial Futures
Exchange data, Everbright had a sharp
increase in bears of stock index futures.
This means that if the market outlook index futures
fell, Everbright may even profit from the mistake
and the entire market pays for its mistake.
Ren Zhongdao, Financial analyst: "Everbright recovered its
loss by increasing the stock index futures and the bears.
This operation is believed to be a conspiracy. It is
suspected to be a manipulation in the stock index futures.
Small investors are surely the ones
who suffered losses from this operation."
Ren Zhongdao indicated that ordinary investors
believe it is a market exploitation by forcibly pushing
the price and profit through the futures market.
Beijing Youth Daily suspected Everbright's mistake.
Any typical error could occur to a single transaction.
However, Everbright's mistake
happened to 71 stocks at the same time.
It was also a persistent behavior, given the fact that
the crazy pull in the index took place twice that morning.
It is suggested that the facts could be far more complicated.
Regulatory authorities should be able to solve the
mystery if they find out who "accidentally profited"
during the fluctuation of the markets that day.
So far, China Securities Regulatory Commission and the
Shanghai Stock Exchange have not commented on this.
長期處於熊市之中的A股市場8月16號上午11點06分左右，出現異動。原本平淡如水的大盤突然強力拉升，一度飆漲近6%，滬深300成分股中71只權重股瞬間觸及漲停。
但是，下午開盤以後，市場有消息傳出，這波行情是由光大證券的交易員下單失誤製造的「烏龍指」行情。市場頓時回到了冰點，股指伴隨著投資者失望的情緒一路下瀉，最終以下跌0.65%收盤。
光大證券當天的公告聲稱：該公司「策略投資部門自營業務，在使用其獨立的套利系統時出現問題，公司正在進行相關核查和處置工作。」
很多在當天進場的中小股民不幸成了「炮灰」。
廣州股民施先生：「操縱股市是很容易的事情看來。一個是股民，一個是期貨的投資者，都是一個很不公平的事情。因為有錢你一個大的機構可以操縱的情況下，因為股票很多人都是追漲殺跌的，一下子上去，一下子下來，那可能很-多人就給它套住了。」
據《北京晚報》報導，已經有5位股民就「烏龍指」事件損失賠償向威諾律師事務所進行了諮詢。律師認為，光大證券和上交所都應該對烏龍指事件承擔責任。不過由於利益複雜，訴訟之路必定不會輕鬆。
美國南卡羅來納大學教授謝田：「這些交易的記錄都在，如果中國有健全的法制，中小股民和散戶的權益可以得到保障的話，實際上是不難通過法律訴訟來討回他們的權益的。但關鍵是中國法律形同虛設，即使有《證券法》、《反不正當競爭法》，但如果不能實施，等於特權階層又從小股民身上大撈了一把。最後這件事情可能就這樣不了了之。」
如果只看股票市場，「光大」這次「烏龍指」操作損失將極為慘重。不過，「中國金融期貨交易所」公布的數據顯示，「光大」期貨當天大幅增倉了股指期貨的空單。這意味著如果後市股指期貨下跌，光大甚至可能會有所盈利，從而讓整個市場為它的「誤操作」買單。
大陸金融分析師任中道：「它（光大）隨後有一個操作，就是增加股指期貨，空頭，就是為了彌補自己的損失。光大證券又作了這樣一個操作行為，因此市場上說它有陰謀，有點操縱的嫌疑，在股指期貨上面做這樣的手腳。當然損失最慘重的還是跟風進場的中小股民了。」
大陸金融分析師任中道表示，一般投資者會認為，將現貨價格強行推高，然後在期貨市場上套利是操縱市場的行為。
《北京青年報》的文章質疑，光大的「烏龍指」事有蹊蹺。因為一般的「誤操作」只會發生單個股票的單筆交易上。但是光大卻使大範圍的71只股票同時在瞬間出現漲停﹔另外，當天上午股指出現兩次瘋狂上拉，說明這是一種有持續性的行為。
文章認為，事件的真相，可能並不只是「烏龍指」這麼簡單。監管部門如果能夠從當天大量大盤權重股急劇拉升時的拋單入手，查一查到底是甚麼樣的人，在這波異常行情中「意外獲利」，或許能解開「烏龍指」的玄機。
到目前為止，大陸證監會及上交所尚未公布對此事的調查結果。
採訪/朱智善 編輯/李明飛 後製/君卓
Concerning Moment as Shanghai Stock Market Appears to Hide Conspiracy.
The Chinese stock market exhibited
a concerning shift last week.
The Shanghai stock market jumped nearly 6%
in only 3 minutes, on the morning of August 16.
By the afternoon, it had decreased
back to where it was previously.
This sudden roller coaster ride was believed
a mistake caused by Everbright Securities.
Everbright Securities became the one that held the most
buyers that day, due to the surge of bears for futures.
It is believed that a conspiracy may exist behind this incident.
A concerning incident took place on the
A-share market at 11:06 on August 16.
The stock suddenly pulled strongly, to nearly 6%. 71 stocks
of the Shanghai - Shenzhen 300 index surged to the limit.
However, it was rumored that afternoon that the surge was
a mistake made by Everbright Securities in placing orders.
The market suddenly returned to the freezing point and
closed with a disappointing 0.65% decrease in stock index.
Everbright Securities issued a statement on the same day:
"Everbright Securities strategic investment department's
proprietary trading unit had problems in the operation
of its independent arbitrage system.
The firm has started an investigation."
Many small and medium investors were sacrificed that day.
Mr. Sze, Guangzhou investor: "It seems easy to manipulate
the stock market, and is unfair to individual investors.
With the money, a large organization can easily manipulate
the stock. Many individual investors can be hitched."
Beijing Evening News reported at least five
investors have consulted "Beijing V Law" law
firm, regarding damages and compensation.
The law firm believed that both Everbright Securities
and Shanghai Stock Exchange should take responsibility.
However, complex interests will make litigation difficult.
Professor Xie Tian, University of South
Carolina: "These transactions were recorded.
With a sound legal system, individual investors are protected,
and legal proceedings to recover losses would not be hard.
However, the problem is in fact
law does not really exist in China.
The Securities Act and the Anti-Unfair
Competition Law have never been enforced.
It is very likely this incident will just turn out to be nothing."
It looks as if Everbright will suffer
heavy loss from this incident.
However, according to China Financial Futures
Exchange data, Everbright had a sharp
increase in bears of stock index futures.
This means that if the market outlook index futures
fell, Everbright may even profit from the mistake
and the entire market pays for its mistake.
Ren Zhongdao, Financial analyst: "Everbright recovered its
loss by increasing the stock index futures and the bears.
This operation is believed to be a conspiracy. It is
suspected to be a manipulation in the stock index futures.
Small investors are surely the ones
who suffered losses from this operation."
Ren Zhongdao indicated that ordinary investors
believe it is a market exploitation by forcibly pushing
the price and profit through the futures market.
Beijing Youth Daily suspected Everbright's mistake.
Any typical error could occur to a single transaction.
However, Everbright's mistake
happened to 71 stocks at the same time.
It was also a persistent behavior, given the fact that
the crazy pull in the index took place twice that morning.
It is suggested that the facts could be far more complicated.
Regulatory authorities should be able to solve the
mystery if they find out who "accidentally profited"
during the fluctuation of the markets that day.
So far, China Securities Regulatory Commission and the
Shanghai Stock Exchange have not commented on this.
