After first aid, the stock market is still a bunch of problems

 After first aid, the stock market is still a bunch of problems when the ice

China's stock market has ups and downs in the defense, but the reality is, not the big play is the big drop, of course, when a large drop some more. Ups and downs rooted in the intervention of external forces, and this intervention has always been irregular, which makes China's stock market lost one of the most important foundation to maintain market stability, the stock market unpredictable, investors elusive.
course, not ups and downs that everyone was confused dizzy, this was all some people like best. The Chinese stock market is the city policy, the policy changes affect the stock market as an important force, entirely developed by the people, and those close to power resources, the total in the first time that the relevant information. Thus, before the introduction of each policy, the stock market transactions will always occur. In the Ministry of Finance on April 24 to adjust the stamp duty two days before the stock market was surging into the room hold up the funds to buy disk does not seem to care only transactions denominated in place. This, too, when the Shanghai Composite Index in the September 18, 1800 Powei point just short of the stock market suddenly flooding back into the big pay, a clean sweep in general, to the Limits of the financial stocks wiped out, he just hit the daily limit of bank shares was from green to red. hunters access to the funds the same day more than 10% of the profits.
who has so much energy?
When the September 18 evening, adjusted for the unilateral stamp tax and the Department of the news of gold into the market, the majority of investors came to the understanding. However, it is difficult to beat retail riding so precise. As one of my blog friends thread in the blog said: , fair, transparent, mature capital market, the market is basically a supporting parties (including regulators) must comply with the rules of the game, the establishment of the rules of the game needs to embody the will of all stakeholders, the rule is rigid, everyone must abide by. This makes the stock market can be tracked, at least, not like our stock market such a mess.
therefore, hopes to save the market rules of the game is actually the result of dislocation, Or, is the result of the absence of rigid rules.
Now, back to save the market. This week's rescue package is truly a combination of boxing. Huijin in the stock market in particular, direct that the Government's attitude. This stems from the background of Huijin. Huijin is December 16, 2003 established by the State Council approved the formation of state-owned investment company, on behalf of the state Bank of China and China Construction Bank and other key investors in the exercise of financial enterprises rights and obligations. SAFE Board of Directors, Supervisory Board members appointed by the State Council on the State Department. Huijin while we have a company, but many people see it as government agencies mm SAC is not responsible for the financial management of state assets, so Huijin is considered to be Bank-owned subsidiary of construction investment will be represented.
Therefore, the Meeting on behalf of the government's gold market attitude. Huijin market to some extent played the role of the stabilization fund, but more liberal than the stabilization fund since the establishment of a series of legal proceedings involving stabilization fund, funding sources, operational transparency, supervision and so on, are cause for concern, while the market is basically Huijin to avoid these problems, which reveals the smart people sigh. From this point also reflect the Government's anxiety to the rescue. of which there are two possibilities: First, the company announced Huijin ; when to buy stocks already. In the previous few trading days, the Fund Kuangpao bank shares, then all retail disc you do? funds committed a delicate time and a subtle error. Second, Huijin not to buy, just buy that will inject confidence in the market, in which case, the lower the stock price of Huijin, the better. these two cases would lead to two different results: the former (if Huijin has been bought) means that the stock market rally or the larger the intensity, duration will be longer, because it is to get enough of the profits. and the latter (SAFE not only expressed willingness to buy bid), then means that the rebound may only be short-lived.
Although a combination of boxing, from the source point of view, this rescue is still a first-aid,UGG shoes, and many fundamental issues remain unresolved, and therefore, it was the such acts, and constantly hurt investor confidence, day these problems are not resolved, fair trade difficult to achieve, if not to establish rigid rules, trading systems and trading platform itself is not fair, the strong ones of loopholes in the system may use a variety of fraud and plunder of ordinary investors.
the size of the non-reduction, for example, authorities have issued a number of restrictive measures, but none of these measures is really useful. the size of non-lifting of the ban can be a variety of ways, even at the way through the rules or cheat to complete the reduction. to the core of titanium dioxide, for example, the two shareholders of nuclear titanium dioxide Mall Co., Ltd., Kowloon,Discount UGG boots, Beijing recently because of Karrie arbitrary reduction, while the contact line is not reported publicly condemned by the Shenzhen Stock Exchange . However, there is also shady. According to Shanghai Securities News reported, Kowloon Mall Co., Ltd. Beijing Karrie holdings through block trades may be just a Shenzhen Stock Exchange Securities Trading System by using a two-block trading, shares were selling 900 million shares of nuclear titanium dioxide and 1742 million,bailey UGG boots, accounting for the total shares of the nuclear titanium dioxide and 9.1684% 4.7368%, and the buyer in the secondary market to sell quickly. block trades like this will be lifted by shares sold to the Stock Company and then by the business department quickly cash in the secondary market is not an isolated case, but, in the second nuclear titanium dioxide fills the shareholders to make even more reckless.
This means the size of the problem of non-reduction not a solution. Because the share reform, there is no setting in advance the system for the lifting of the ban of pressure, leading to results fall short of the share reform the stock market fell to 1800 mm is the best proof.
the various stock market flawed, system vulnerabilities are caused by these vulnerabilities, which had been suggested, but did not pay attention to. If you look to view, which left loopholes in the system is not the case come from? can not solve these systemic problems, like emergency rescue act can only solve the immediate need, but not fundamentally change the stock market decline. In fact, the real problem is not the stock market bailout, but in the governance of cities, in the long run, China's stock market order out of the quagmire, the Government under the need to determined to rule city, improve and perfect the system to ensure the healthy development of the stock market is gradually building up a system of rules (the government also strictly comply with these rules and subject to public supervision), and has sufficient rigidity, for the stock market and lay the foundation of a good system, but to tax cuts, etc., to encourage enterprise development, boost the real economy. Only this,cheap UGG boots, the Chinese stock market can really usher in hope.
link: CCTV video and interviews with oil reform reflections
links: Interpretation of single stamp edge close links with the SAFE intervention
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links: deer Event Source: from cheap, Suicide, alienate