Media the Commission will bring changes in the market Sohu Huanshuai comments – what alienware m17x

Media: the Commission will bring changes in the market and how to change the Sohu comments Tan Haojun 2 20 April, Xinhua News Agency news release, the CPC Central Committee and the State Council decided to appoint comrade Liu Shiyu Chinese party secretary of the Commission, the chairman, comrade Xiao Gang from Chinese Commission Chairman, Party secretary. (see related reports 04 Edition) from the actual situation of Chinese stock market at present, the stock market crash occurred last this problem, not only related to the commission the main leadership and management ability to grasp the overall situation, related methods and means to solve the problem of the Commission, is also concerned with the operation of the market itself. The stock market is different from the general market, the content and the contradictions that need to be dealt with and solved are also quite complex, especially the relationship with interest groups, a little careless, it may bring harm to investors. The current capital market is not a healthy market. There are also many contradictions and problems that puzzle China’s capital market. How to make China’s capital market into a healthy development track, and bring reasonable returns to investors, to the economy has an effective role in promoting, for the new Securities Commission, it is not an easy task. For the majority of investors, in the face of the replacement of the chairman of the Securities Regulatory Commission, there will be a lot of hope, looking forward to the market under the leadership of the new Securities Commission under the new changes, I hope the new chairman of the SFC can make the market look brand-new. The contradictions and problems that the CSRC needs to face are accumulated over time. It is a concentrated reflection of various deep-seated contradictions and problems. It is a comprehensive reflection of the system and mechanism factors in the stock market. For example, the fragility of the market itself, blindness and non standardization, as investors speculative, speculation, follow the trend, as well as listed companies false, deceptive, and so on. Any aspect of the problem, may be one of the main reasons for the frequent volatility of the stock market. In front of the new CSRC and its chairman, there are not only problems to be solved, but also problems to be solved in the long run. There are not only problems in the market, but also problems outside the market; there are not only local problems, but also overall problems. If these contradictions and problems can not be solved one by one, the stock market can not be restored to normal as soon as possible, and the stock market can not let the stock market into the "cattle" road. The role of the stock market in economic development and improvement of residents’ living standards will be difficult to play. As far as we are concerned, the most urgent problem is the stability of the market. From the stock market crash occurred in June last year to now, the market is basically in a state of shock, amplitude of more than 5% of the phenomenon are many, also very frequent. This range is rarely appears in the developed markets. The American fuse system was introduced only more than 20 years ago. Therefore, for the vast number of Chinese investors, but also want to have such a platform for the market to provide relatively safe and reliable investment channels for the majority of residents. China capital market is the market investors bring great harm, even as last year before the crash did investment in "hot" period, but also quickly before investors benefits to a greater loss to grab back. Under the current circumstances, the new CSRC must regard stabilizing the market as the most important and urgent one.

媒体:证监会换帅将带来怎样的市场变化-搜狐评论  谭浩俊   2月20日,新华社发布消息,中共中央、国务院决定任命刘士余同志为中国证监会党委书记、主席,免去肖钢同志的中国证监会党委书记、主席职务。(相关报道见04版)   从中国股市目前的实际情况来看,出现去年股灾这样的问题,既与证监会主要领导的管理和把握大局能力有关,与证监会解决问题的方法和手段有关,也与市场本身的运行状况有关。股市不同于一般的市场,其所蕴含的内容以及需要处理和解决的矛盾也相当多、相当复杂,特别是与利益集团的关系,稍有不慎,就可能对投资者带来伤害。   当下的资本市场,不是一个健康的市场。困扰中国资本市场的矛盾和问题,也不在少数。如何才能使中国资本市场步入健康发展轨道,并给投资者带来合理回报,对经济产生有效的促进作用,对新的一届证监会来说,也绝不是一个轻松的任务。   对广大投资者来说,面对证监会主席的更换,一定会寄予很多希望,期待市场能够在新一届证监会的领导下出现新变化,希望新证监会主席能够让市场焕然一新。   证监会目前需要面对的矛盾和问题,都是日积月累形成的,是各种深层次矛盾和问题的集中反映,是体制和机制因素在股市的综合反映。譬如市场本身的脆弱性、盲目性和不规范性,又如投资者的投机性、炒作性、跟风性,再如上市公司的虚假性、欺骗性,等等。任何一个方面的问题,都有可能是股市频繁出现震荡的主要原因之一。   摆在新一届证监会及其主席面前的,不仅有眼前需要解决的问题,也有长远需要解决的问题;不仅有市场内的问题,也有市场外的问题;不仅有局部问题,也有整体问题。如果这些矛盾和问题不能一一解决,不能让股市尽快恢复到正常状态,不能让股市步入“牛”道,股市对经济发展和居民生活水平提高的作用就难以发挥。   就眼前而言,最急需解决的还是市场的稳定问题。从去年6月发生股灾到现在,市场基本处于震荡状态,震幅超过5%的现象很多,也很频繁。这样的震幅在发达市场是很少出现的。美国熔断机制推出二十多年来,才被使用过一次。所以,对广大中国投资者来说,也希望有这样的市场做平台,为广大居民提供相对安全、可靠的投资通道。中国的资本市场,却是市场带给投资者的伤害很大,即便像去年股灾前那样的投资“火热”期,也是很快地将投资者之前获得的利益以更大的损失“抢”回去了。   在当前的情况下,新一届证监会必须把稳定市场当作最重要、最紧迫的一项工作,采取强有力的措施,确保市场能够尽快步入稳定通道。而稳定当前股市,最核心的问题还是要防止各种不规范现象的发生。譬如去年股灾时的高杠杆、高配资,就是最需要防范的一个方面。因为,在去年年底股市有所反弹的情况下,高杠杆、高配资现象又有所抬头。再如恶意炒作问题,也是股市必须全力防范和严厉打击的问题。同时,资本外流对股市的影响也是不可忽视的,如何组织更多机构投资者参与到股市中来,发挥股市的稳定器作用,也是非常重要的。   就长远而言,重点则在平衡各种关系方面。   首先,平衡市场供求关系,适时推出注册制。由于资本市场发展步子不是很快,中国企业的直接融资比例也就偏低,导致企业的融资成本过高,市场竞争力受到影响。所以,推出注册制,无疑对企业扩大直接融资比重是非常有好处的。问题在于注册制的推出,必然会引起市场资金需求的增加,在场外资金没有有效进入市场、市场供求关系没有得到有效改善的情况下,注册制对投资者心理的影响也是不可忽视的。如何在市场供需之间找到平衡,在投资者和企业之间找到平衡,从而给注册制的推出提供良好的环境,是非常重要的。   其次,平衡市场进出关系,提高市场的可持续发展能力。健康的市场,只能是良币驱赶劣币。而在我国资本市场,恰恰形成了劣币驱赶良币的不正常现象。特别是一些垃圾公司,还经常受到投资者的恶意炒作。如一些ST公司明明应当退市,却股价被炒得很高。结果,造成资本市场数量虚高,造成资本市场资源紧张。注册制难推出,也与此有着密切关系。所以,必须在加大企业上市步伐的同时,加大劣币公司的退市力度,真正形成良币驱赶劣币的格局。   再者,平衡监管与自律的关系,促进市场健康发展。中国股市出现的震荡现象,与监管失控、自律失当是密不可分的。从监管角度来讲,始终把监管用在事前审批方面,而忽视了事中、事后监管。结果,权钱交易、贪污腐败、内幕交易、暗箱操作等就随处可见。造成投资者都在追求如何投机,而不愿认真投资,价值投资理念在绝大多数投资者身上都是看不见的。不仅如此,其他方面与证监会的配合也不默契,缺乏监管合力。那么,企业也就不会在自律上下工夫,而只想通过各种不规范行为从市场套钱。如何规范这方面的行为,让监管和自律有机结合起来,是十分重要而紧迫的。   从总体上讲,新一届证监会是能够给市场带来新的期待和希望的,是能够借助目前外围市场出现的较好现象,在短期内对股市形成积极向上的力量的。但是,能否进入牛市,还要看这届证监会能拿出多少实实在在的动作。刘士余作为改革者,应当会在上市公司的质量和市场行为方面首先动手的,并以此给投资者带来信心,给投资者确立价值投资提供正确导向。相关的主题文章: