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Visual China website has been restored online for some valid accounts

via:CnBeta     time:2019/4/21 12:45:28     readed:136

FINANCIA News Agency, April 18, China Vision announced that Tianjin Internet Information Office decided to impose a fine of 300,000 yuan on Hanhua Yimei Tianjin.

In accordance with the provisions of Article 68, paragraph 1, of the Network Security Law of the People's Republic of China, Tianjin Network Information Office has imposed heavy fines on Hanhua Yimei (Tianjin) Image Technology Co., Ltd., the main operator of the website.

Recently, according to the Law of the People's Republic of China on Network Security, Tianjin Network Information Office has imposed administrative penalties on the dissemination of illegal and harmful information on visual Chinese websites.

After investigation, the visual Chinese website (domain name: vcg.com) published sensitive and harmful information labeling in the pictures it published, which violated the provisions of Article 47 of the Law of the People's Republic of China on Network Security. In accordance with the provisions of Article 68, paragraph 1, of the Network Security Law of the People's Republic of China, Tianjin Network Information Office has imposed heavy fines on Hanhua Yimei (Tianjin) Image Technology Co., Ltd., the main operator of the website.

The responsible person of Tianjin Network Information Office said that the network information department will conscientiously implement the "Law of the People's Republic of China on Network Security", earnestly fulfill its territorial management responsibilities, strengthen law enforcement, and investigate and punish online violations according to law.

From the national campaign to the frantic rush to raise funds, after only three stops, the frantic funds have been unable to hold back, pulling visual China (000681.SZ) out of the "black hole".

According to the Dragon Tiger List on that day, the top four seats in the top five of the sales amount were all "agency-specific", with a total of about 400 million yuan sold by institutions.

"There's no conclusion yet. I don't think the risk has been fully released. The risk of blind entry is not small. A public fund manager in Beijing spoke frankly.

"I think the probability is a game. From the perspective of transaction returns, the probability is fund withdrawal, hot money into the game fund short-selling. The director of investment of a private equity fund in Shanghai is also called.

"Fire and ice"

From the national campaign to the frantic rush to raise funds, visual China staged "two days of ice and fire".

"I restored my view of China in the morning and almost missed it." On the afternoon of April 17, an investor in Beijing exchanged views with reporters.

On April 17, Visual China opened at 19.73 yuan per share, closing at 22.45 yuan per share at the end of the day, with an amplitude of 13.91%.

The Dragon and Tiger List on April 17 shows that among the top five largest purchases, the first seat is for Shenzhen Stock Exchange, while the remaining four seats are for hot money. Specifically, they are Guosheng Securities Nanchang Xiangshan South Road Business Department, Xingye Securities Wuhan Xinhua Road Business Department, Anxin Securities Xiamen Hubin South Road Business Department and CITIC Securities Shenzhen Branch.

Correspondingly, almost one water agency was sold.

Among the top five places with the largest selling amount, the top four seats are exclusive for institutions, and the fifth seat is exclusive for Shenzhen Stock Exchange. The top five places with the largest selling amount sold a total of 455 million visual China.

"Institutions are more likely to be profitable." The above analysis by the Director of Private Equity Investment.

The previous day's Longhu List showed that among the top five largest purchases, the top three were institutional seats, the fourth was Shenzhen Stock Exchange, the fifth was CIC Securities Shandong Branch, and the three major institutional seats were 11.3949 million, 8.564 million and 4.9964 million, respectively.

Selling seats, the first three seats and the fifth seats are exclusive for institutions, and the fourth seat is the business department of Tianfeng Securities Emeishan Binhu West Road. The first three sales amounts were 20.41 million, 16.328 million and 6.043 million, respectively.

It is worth mentioning that since last Friday evening, some fund companies have downgraded the value of Visual China. In terms of the extent of the downgraded value, Bank of China and Caitong have adjusted the value of Visual China to 20.41 yuan, which is equivalent to the valuation based on the closing price of April 12.

From the stock price performance of Visual China, the valuation of this public offering fund for Visual China is extremely accurate. Visual China has followed three downturns with one ups and downs.

However, there are exceptions. On April 17, the first heavy warehouse holder, JianBan Schroeder Fund, announced that its holdings of visual Chinese stocks had been valued at 18.37 yuan since April 16, 2019.

Increased Game Components

"The market is better, so the number of stop-and-fall boards in visual China is relatively small. It could have been four to five stop-falls, so now it's one less stop-fall." The director of Shanghai Private Equity Investment said, "At this stage of the market, the factors of the game began to increase." The manager of the Beijing Public Fund said.

On April 11, after a photo of a black hole fell into a "black hole" in Visual China, the long-criticized profit model of "rights-based income generation" in Visual China aroused great public concern and a lot of doubts. On the same day, Tianjin Internet Information Office interviewed the person in charge of the company's website according to law, ordering the company's website to be completely rectified and temporarily closed during this period.

What we need to see is that there are also some inappropriate criticisms of visual China in this "black hole" storm.

Guo He, Vice President and Secretary-General of China Intellectual Property Law Society, Vice-Dean of Intellectual Property College of Renmin University, said at a seminar recently held by Renmin University that there were no new problems in the visual China incident, which involved problems that had been met, discussed and solved in the past.

Professor of Law School also proposed that visual China improves the efficiency of the operation of a large number of pictures, and reduces the cost of users, which can effectively and efficiently deal with copyright issues of works. Despite some problems, it is still impossible to kidnap it morally and adopt an irrational approach.

However, we also need to see that according to the previous plan, China will have 388 million restricted shares listed and circulated on April 12, with a market value of 10.33 billion yuan, accounting for 55.39% of the company's total equity. Faced with the pressure of lifting the ban, the risk of China's bottom-reading at the current price is not small.

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