Category: Money tips Release Date: 2006-04-01
Billionaire financier George Soros said, "I am most afraid of uncertainty," he later set back the Hong Kong dollar war, precisely because there is no guess the Government will direct intervention.
In fact, the so-called Man proposes, God disposes, "uncertainty" that everybody was afraid that any decision-makers are no exception. The longer the delay, uncertainty, the more this is precisely explain: Why is "Voting gate" scandal known as the CPE, while the national stock reform of the General Assembly still does not change his mind and promoting the stock reform move forward.
The logic behind the mentality of this urgent matter of fact is not difficult to understand. Stock reform, sooner or later pay a price, long-term pains than short-term pain. Mainland funds are being used overseas markets, attracted by the charm of a huge, capital controls already exist in name only, a simmering underground QDII, with a corresponding power of the parties regardless of how high-profile even behind the share reform, A-share market bull market is still never came back. With the financial reform and capital market reform, push forward, A-share market to survive the reason more and more inadequate. Inefficient regulation and shareholder return with no concept of the company, high price-earnings ratio ... ... can not afford the stock market, indeed, has dragged on. The result of dragging the state-owned banks have listed overseas; The result of dragging a little bit of the domestic securities industry by foreign encroachment; dragging the result is to face greater uncertainty, the market price paid for the reform may be higher.
However, the overall reform of shares Yuemiaoyuehei have an explanation. Listed companies, sponsors, securities institutions, and even related media wants to gain the benefits of reform through stocks, how to talk about protecting the interests of small and medium investors. Not expose shady, corruption is not removed, so what is "open, fair and equitable"? Regulate stock market has repeatedly called for reform voting procedures, but the authorities seem to turn a deaf ear to the seems to be a quick word. Stock reform quickly, IPO IPO quick recovery, early history, turn the page.
The number of shares of the market needs to change, but more need to change the quality of stock. Stock reform, after all, not all, of stock reform is to reshape the market confidence, a protected object so that all the stocks turn over after the sad, and then rely on to regain investor confidence?
Road, around the door is not voting the past Kaner, not slow down carefully overturned.
