Resolve to implement an active policy of 14 trillion stock market a huge gap

 Define your browser font size: Small Medium Large resolve to implement an active policy of 14 trillion stock market a huge gap
CCTV.com 2008   11  28   09:09 into the Renaissance Forum Source: Securities Times
18 trillion if the local investment plans are approved, except for the central 4 trillion invested, but there are still huge gaps
14 trillion industry
11 Malaysia 9 th evening, the State Council introduced to expand domestic demand, stimulate consumption, the regional government has announced its own investment plans, the amount actually 10 trillion from the previous soared to 18 trillion hh, can be expected eventually shot a total investment of 18 trillion certainly far greater than even this figure.
shot indeed enough, really heavy punches. However, the warm enthusiasm return, the local government's investment plans approved by the Central whether the down is still a question mark. But anyway, to expand investment to stimulate domestic demand, he will have money to word at the head. money from Where come from? nothing more than the government, banks and social funds that several large Army. according to current rules, the local government bonds is not allowed. Therefore, indirect financing from the bank will become the primary means of local governments to raise money. If this 18 trillion are approved, except for the central 4 trillion invested, but there is still a huge gap of 14 trillion.
we know, by the U.S. subprime crisis leads to the global financial crisis, still Shan Hu tsunami. Although little direct impact on Chinese banks, but in this year's . but also to remind that, by the local shift in the global financial crisis, the developed countries to emerging economies, by the virtual economy to a crisis of the real economy, the bank is not lending or Squeeze, is also normal. While we macro-control policy has made a major adjustment, that is, from the previous sound fiscal policy and tight monetary policy to a proactive fiscal policy and loose monetary policy, despite our solvency are still many unknowns, so expect major means of indirect financing of the banking system there is obviously a lot of difficulties.
So, while in the indirect financing can not rely on direct financing of the large stock of this platform? clearly This is a very reasonable and a multiplier of a good thing.
2004 released in early of the namely ;, in fact, local governments have introduced the corresponding views, but the focus was mostly on how to promote capital market financing of local businesses. Since the success of the split share structure reform has been a barometer of the role of capital markets starting to prove, and it has become a modern social and economic allocation of resources an important place, leveraging the capital markets, local government, local economic development, nothing wrong. but it is conditional, that is, a healthy capital market stability and growth. And to achieve this condition, the local government must change Zhigu misappropriating financing single location. Only in this way, the stock market will have a steady stream of high quality listed companies, and this is precisely the stability and growth of a healthy capital market activity lies. Thus, from the perspective of local government, with should implement an active stock market policy. because the current implementation of the policy of active stock market, not just the stock market's needs, but also to maintain growth and promote current consumption needs, but also the implementation of scientific concept of development, the need for comprehensive and sustainable development.
Now we have the fiscal and monetary in the warmth of the sun, the stock started its own amendments to the difficult situation for the better, but the size of the non-other focus is now even into the next few years will still be troubled by China's securities markets under circulation. was expected to launch by the end of June this year Growth Enterprise Market, as well as basic stock index futures and other derivative financial innovations have not yet heard the substantive authority of the voice. Although the size of the non-issue, the relevant departments to do a lot of work, but the gap between market expectations and the actual remains large; Although Mainland stock index futures have not yet released, but the latest news is that HKEx will push the concept of China A50 index related species hh, all of these, is still being uncertain, and not to determine the risks in the stock market is . In order to resolve these risks, the implementation of the policy is active when the stock market!
more to say, once the stock market to implement a proactive policy, the stock market will maintain growth in the Chinese real economy, good macro fundamentals support of the continuously sent over the quality of listed companies, driven by global capital markets usher in