Category: Money tips Release Date: 2006-12-25
Today the stock market is the most popular two keywords: "split share structure reform" (below referred to as stock reform) and "mysterious funds." During this period, the stock market right and wrong, up or Change is caused by the vast majority of them to the sky, or even no exaggeration to say: The stock market rise, multi-confidence, "stock change", the success seems to have their faith in the See a dragon head, but not at the end of "mystery money" on the other.
"Mystery money" when the earliest appearance in the Shanghai Composite Index fell below 998 points (save bar) after the sky, when stirred up like a dragon, like leisure, "6.8" Quotes of the shaking big Yang Xian. June 8 that day, a large number of blue chips daily limit, especially China Petrochemical allow the market to experience the daily limit to a "mystery money" with great power, if not yet the next President of answering a reporter's question on "third group engaged in stock reform pilot will be fully roll out "of the cold water poured over their heads, I am afraid an intermediate rally has long been in full swing by.
"Mystery money" We say it mysterious is that the Shanghai index was down nearly a thousand-point mark several times, the total could feel it push up the invisible great hand tape. Whether it is July 12 in Yang Xian, or the July 19 Primary Yang Xian, finally able to make the index near 1000 saved the day. In particular, by the July 22 revaluation of the news,, the "mystery money" has taken the lead once again pull up the China Petrochemical market value of the surface of the leading cities of the largest banner in order to set aside four Flemingia the effect of both tape set to turn things around a valuable contribution. This indicates that "mystery money" has been dormant in the market, once can take advantage of, it will be erected, for it can only realize the arrival can not explain in words.
The wind through the appreciation of the RMB, it is because the "mystery money" re-shot, making stocks in the same time saved the day, and finally stimulate the market weakness has been a long time to do more passion, even the voice of the early bull market is also getting higher and higher, can "mystery money" really help the Chinese stock market from out of the quagmire, hand bull market do?
I believe that "mystery money" turned out to the main purpose is to "stock change" escort, the main focus or a "stock change", which is the principal contradiction in China's stock market currently. "Mystery money" is at best just a tool to resolve conflicts. China's stock market tomorrow is better will depend on the "stock change", the success or not, the integrity of listed companies in the deposition system and the stock market has long been a vicious financing can be completely controlled and so forth?
Recently the Hong Kong stock market hit a new high of more than four years; Coincidentally, the U.S. stock market has also reached a new four-year high, why the Chinese stock market is still struggling for eight years, at the end of step wandering does? One of the biggest reason for this is: Because one has long been distorted beyond recognition and lack of confidence in the bearish market, we still bear the "stock change" historical responsibility, which is probably not seen the ancients before the Chinese stock market after not seen a major pioneering newcomers bar. While the second batch of pilot projects had been successfully launched, but there are still many uncertainties, the Yangtze River linking electricity and means for misappropriating the compensation program if through, right behind the whole "stock change" in the blue chips lower on the price and means for misappropriating a kind greatly encouraged, if we are to follow its example the case, then really it makes one "made virtual."
The following are the second batch of pilot projects is over, how are they going next? It was hoped that the sooner the better, cut the Gordian knot, this year juggling his "stock reform." As Li Qing said the same as the original, stock reform can not engage in end 2023, according to what he meant is that they can engage in this year's end, you can draw off the old and new. New from the old why, why hurry pursue new from the old? The aim was to financing and refinancing. That daunting new from the old when introduced, which means issuing new shares, and then expansion of when. China's stock market has been a major expansion at the expense of generation of investors, but also virtually destroyed and the stock market financing functions. Learn a lesson, if we do not increase for the financing and expansion in the limit in the future the stock market will be enemies on two fronts, a non-tradable shares listed, and the other is the re-financing and new offerings.
Expansion fiercer than a tiger! Then management can effectively control the financing or be able to block the temptation to do? "Mystery money" can withstand the impact of expansion do? We need only look at the management has said that not a "stock change" are not allowed a glimpse of refinancing, financing, the status of listed companies is always paramount, and stretching to the back of shares of a positive stock reform there are two million additional eyeing, like Shen to this program through the issuance of another even greater than the few? Reduction of non-tradable shares to be here, here it comes to financing refinancing, the market can withstand do?
"Mystery money" Now the market has been able to do more to mobilize enthusiasm, it is because the market is still a relative expansion of the vacuum period, separate ways Pandie do not see the big money down, in this vacuum and seize the opportunity to do a not representative of the Chinese stock market bull market in the upcoming recognition. On the contrary, China's stock market in the future of the problem is not the mysterious funds, funds support the market can be resolved in the long run to see how management is the key to address market-oriented distribution, refinancing of listed companies exist in a very terrible means for misappropriating thirst disease, how to two years later to resolve the listing of non-tradable market pressures. If you do not effectively control the future expansion, for a pre-wolf (non-tradeable shares) after the tiger (IPO, refinancing) market, no matter how much money is wasted mystery, not to talk about cows come from?
Now management is to concentrate more on the "stock change" on all the "stock change" service, and all the "stock change" Give Way to go all out Ye Hao, open bow did not turn arrows or whatever, can not be crossed "shares changed "brought about by the market and the run-in period pain. In fact the pressure on China's stock market the next two years and then smoke a variety of negative effects will focus on the expression, "stock change" so that China's stock market a bright step forward, but the stock market in the many problems and will not be because the "stock change" after the disappearance of the stock market with the international mature compared to the future of China's stock market is still long way to go.
China's stock market a brighter future, China's stock market bull market will come! But the hope that "stock change" a year without getting eager to draw down an early introduction of new and old, look into this bull market in China's stock market, so it all Destructive Enthusiasm way of thinking, just as 58 years, like the Great Leap Forward, it will hinder the pace of the bull market of the early arrival of the . For a grander sight, a higher level, in the face of some officials inside the stock market-minded practices and ideas, I hope our policy-makers can see farther and more clear.
