Category: Money tips Release Date: 2006-10-07
Chinese Premier Wen Jiabao's friendly image has gained. For China's capital market participants, the Prime Minister honest, friendly and kind-hearted performance than last year's "two sessions" press conference on the floor. Because it is the first time, as the highest-level leaders of the prime minister admitted that China's securities regulatory problems, while the previous low-level supervision of the leadership are not even one person to have the courage.
Time flies, blink of an eye is the "two sessions", the stock market situation is different this time last year: more than half of share reform forward, "Qian San tough fight" has become a hot topic. At this point, another reporter be exposed Premier Wen Jiabao of the People First move, and have seen the Chinese investors hope of a good harvest. "
Perhaps this is the charm of a leader bar. It can stabilize a mood, a kind of solidified expectations. We are facing split share structure reform, is needed is such a force.
As we all know, due to historical reasons and the transition loopholes, but also because of "lack of knowledge and experience," supervision of credit in China's stock market fell last year, once the freezing point. This is not conducive to the revitalization of the stock market is not conducive to the financial system, is not conducive to China's market economy reform to push.
However, there are two things to save a large extent, the Chinese stock market. First, Premier Wen Jiabao at last year's "two sessions" after the "kind-hearted" speech, let people see a realistic and pragmatic image of the government; second-tradable share reform launched Shang Fulin an "open bow arrows without looking back", though it was incurred a lot of doubts and objections, but the process of advancing in the firm to the stock market participants to maximize the long-lost confidence in recognition of the "right price" indicates there is more of a kind-hearted attitude. Does anyone remember that even after the commencement of share reform, opposed to giving investors in the price of voice is still prevalent.
The author is a staunch supporter of stock reform. Why? Because the stock is absolutely nothing wrong with the general direction of reform, in this major issue, if still inconsistent, it would mean losing their last vestiges of China's securities regulator of credit.
At this point, the Prime Minister and the regulators under the leadership of a firm "no back arrow" and "unilateral" action to combat the so-called "dialectics" and questioned, stocks have changed today: including the Securities Act, including amendments to the consolidating the stock market based on a number of policies have been introduced and begun to implement more than 600 listed companies to complete share reform, or into the share reform program, covering more than half the market value has been, while the secondary market indexes also rose by nearly 300 points.
Victory is certainly gratifying. All kinds of "policies" tinkering at the surface after years of pain for four years and more investors finally ushered in a true return to nature, while the Si Hun of more than ten years of investment institutions and finally ushered in a true " Crushing of bones treating poison. "
But now, in which victory is also a lot of worries. One of the biggest investors in point than the final victory of the share reform has not fully dispel the doubts and pessimism elsewhere.
"OK Barry persons 90 and a half." Less than a real stock market into a bull market in China, less than "policy frigate" really can be withdrawn, then the shares can not be lightly changed successfully. The 1300-point line as the formation of China's stock market over the years "policy at the end of" strong symbolic significance, the cumulative multi-chip has become a de facto CBBC boundaries.
In fact, only overcome the 1,300-point in this long-short divide, "National 9" into the stock market since the investors before they will be profitable, long-term "squatting" in wait in the stock market to see some sort of relief for investors to make money as well as the dawn of the Chinese stock market The wealth effect in order to be excited out.
Thus, IPO, full circulation, and so are not core of the problem lies, let investors see the stock market regulators care, improve the stock market's determination to crack down on illegal violations.
This is a kind of integrity and good faith. With this faith, we have the stock market, there may be the same as the U.S. stock market, despite Enron, WorldCom crisis and the charm diminished; we get rid of the stock market is possible birth defects, acquired fatalism (mostly through the collapse of the emerging stock markets), the final truly build a "do not throw rotten porcelain."
