Everyone knows that the Chinese stock market is a policy city, but to talk about change, no one can change.
China's rapid economic development of more than a decade, precisely China's stock market hovering more than a decade, the role of the barometer does not have the slightest embodiment of this is there is a reason, mainly man-made causes.
Here I can only put the stock market can not rise the reason, more superficial talk about a few points, can not, as you wish, thoroughly talk through.
First of all, in the management's view, China is a retail market, gambling full, if the stock market will attract a larger number of shareholders to enter the market, so that speculative is too strong, they do not have the heart to do the "revolutionary work", and then do something there are people?
Secondly, a rising stock market will inevitably cause bank deposits to move, so the bank has water to drink? Those officials are basically the banking system, in the financial system, our country has always been the bank is the most powerful, but also the most lucrative, but also to make money the most easy, the safest field, the stock market is never rise to the detriment of the interests of the banks at the expense of.
Third, the stock market fell more than ten years, is precisely the crazy rise in housing prices more than ten years; housing prices rose those who gained the most, which I don't need to say more, and some people will not be in the secondary market to play in the stock market, they want to play will only be in the primary market or the primary market to play, so the market up or down and they have no substantial impact; so the problem is, the stock market rose, the risk and its responsibility they have to bear, rise and they do not have the slightest influence; then, the stock market rose, the risk and its responsibility they want to The problem is that the stock market is rising, the risk and its responsibility they have to bear, rising and they do not have the slightest interest in relation to this fall, this fall on them there is no harm, the stock market does not fall what can wait!
Fourth, the stock market for so many years, go three "go retailer" voice has been clamoring, which also has its interests in it, here will not go into detail.
Lastly, I would like to emphasize that this situation may now be slowly changing. As the government slowly understand the excessive real estate of the economy, the formation of the real economy of the killing and maiming, the state to revitalize the stock market will be more and more action, this change investors have to notice. Now banks can also engage in the securities business, which will change the previous pattern of interests, the stock market spring may be coming.
What is the role of the stock market? Many people will misunderstand that the stock market is the purpose of the surge. In fact, the stock market is not, the existence of the significance of the stock market, is to finance, is to Ipo.
So, as long as you can send out Ipo, the stock market is good, is benign, is healthy. Then some people want to ask the stock market soaring is not Ipo issued better? Indeed, but we also need to see the stock market after the big rise, the risk has become greater.
The stock market can not always go up, right, there are up and down, the big rise when we are all happy, the big fall, how to do? Especially A shares have always been characterized by a short bull and a long bear, the faster the rise, the more violent the fall. Often, once retail investors see the stock market soaring, they feel that the bull market is coming, frantically leveraged, all the money in the family into the stock market, and once there is a reversal, the general market fell, these people are likely to lose all their money. If you were the regulator, what would you think? Do you want the stock market to soar, or do you want the stock market to perform flat.
Anyway, if I were to change my words, as long as the ipo can be sent out, it's fine. The stock market do not plummet on it. Why must the stock market go up?
Then someone may want to ask why the stock market can not go up all the time? Just like the U.S. stock market. This issue is more complicated. Personally, I feel that the existing legal system and regulatory measures, there is still room for improvement, at least to our market from the heavy financing light return into both heavy financing and heavy return to work. This, only in the basic system and legal norms to work on it, rely solely on investor education is not realized.
The simplest example is the major shareholders to reduce their holdings, this trend has been unable to brake, as long as the stock price is up, the major shareholders are sure to liquidate their holdings. Then again, the cost of financial fraud is too low. All of these make investors become no long, only dare short-term speculation, not dare long-term investment, because you do not know you buy this stock is not a fake stock, shareholders and will not liquidate type of reduction, so that the shareholders in the high position to become a receiver.
The management is not afraid of the stock market rise but afraid of the stock market short-term rise too fast and too big, a short period of time to complete the bull market, followed by several years of decline and adjustment, which is very unfavorable for IPO maximization.
No one can deny that the biggest significance of the existence of A shares is not to bring returns to investors but to support the real economy, that is, the IPO maximization, but the IPO only to ensure that the index is running smoothly, in order to ensure that the IPO smooth release, a market drop non-stop, how to maximize the IPO issue, will encounter investors spit, the curse of the city of money who are not willing to bear.
Therefore, the management media experts prefer to guide the market slow bull, and do not like the mad cow fast cow, but we all know that the IPO maximization, reduction of cash days listed companies of poor quality, the stock market fell everyone birds and beasts, a rise in everyone flocked to the fast surge, fishing a sum of money to go.
Recently, the financial real estate to bring the index soaring, management cooling, expert media called for the suppression of the stock market, run the bubble for fear of the mad cow, the stock market adjustment is also due to the sound, but not a small fall but a plunge, a hundred shares stopped, investors suffered heavy losses.
The stock market is supposed to be a wealth management platform, there is no question of who to support, but the A shares give the stock market to support the question of who, the stock market development is prone to bias. To get out of the slow bull is very difficult.
On the one hand, the need for the stock market up, on the other hand, afraid of the stock market up too much, this is the contradiction, how to balance, is a difficult problem.
Why is the management afraid of the stock market up?
Why? I think it's a question of management ability. They are afraid of the stock market rise, first of all, because in the past few years they have tasted the sweetness in real estate, afraid of the stock market rise, the real estate market is hurt, speculation group may become a stock speculation group. Secondly, they are afraid that the stock market going up will lead to the bubbling of financial assets. Once the bubble is burst, it is a financial crisis. Finally, they are afraid of the stock market rise because they take the so-called support for the development of the real economy as a gamble, that hundreds of millions of investors are gamblers, and they do not want gamblers to be successful.
In short, from a small point of view is the problem of ability, from a large point of view, that is the problem of mind!
Fear of losing control, growing out of risk! But not afraid of falling!
This problem I have thought before, but also asked some friends and experts, the answer is different, after the 2015 surge, I slowly observe and learn, look at the foreign stock market why the stock market can continue to rise, compared to the domestic stock market data, but also really realized a little idea, specifically, our stock market is still in an early stage of development, many problems are their own groping to solve! The stock market and foreign mature stock market can not be generalized, there are many factors, I summarized some, such as: the quality of listed companies, the stock market value and the proportion of the GDP, the proportion of institutional investors and individual investors, the management of large funds, the number of IPOs, the stock market management and the improvement of the supervision mechanism, the core business and innovative enterprises in the world's top 500 companies in the number and status, etc., in fact, there are many more! A lot, these issues are to time to digest, if now rise, then there will be a lot of bubbles, especially in terms of capital, the state has leverage, private funds also have leverage, which is very harmful to our retail investors, in addition, then the stock market rise is also not conducive to the issuance of IPOs, I think, now so intensive IPOs, is nothing more than to let all of these companies to enter this stock market, the good or bad Companies immediately see the difference, and then slowly introduce some management measures, chaos to achieve great governance, so I personally think that the stock market in these years without a sustained surge may be the reason, waiting for the opportunity, but from the performance of individual stocks, the performance of good stocks stock prices are sky-high, so from another point of view to understand, the state is in the protection of our retail investors, to remind us of our retail investors to invest in good companies, let us All become a mature investor.
Personal opinion, purely chat.
The ultimate goal of the management is to make the national company listed as much as possible, the company listed to spend tens of millions to hundreds of millions of dollars, if the rise of the big, late plunge can not be issued quickly, so to ensure that the three thousand point range is the best.
I think you're wrong, the management is not afraid of the stock market up, but do not want to skyrocket, skyrocketing will inevitably lead to a plunge, to the small and medium-sized investors to bring greater losses.
The biggest function of the Chinese stock market is to finance, the idle funds are concentrated, to the listed companies for production, operation, and promote the sustainable development of the national economy, if the stock market is always not up, will inevitably affect the issuance of new shares to a certain extent, the financing of the money, not the issuance of new shares, the enterprise can not get the money, so the management will not be afraid of stock market up, more afraid of the long-term decline should be.
In mid-July, the management issued a statement to strengthen the supervision and punishment of non-compliant funds into the stock market, the attitude is very determined, that is, the management in the maintenance of the financial order of the stock market, to protect the interests of the majority of investors, due to the up and down fluctuations in the price of the stock market, which can bring investors huge gains, so there will always be a number of non-compliant funds want to take advantage of the opportunity to make a profit, the management of these non-compliant funds for regulation The management's supervision and punishment of these non-compliant funds is to make the stock market develop more smoothly and healthily, and we can't misunderstand the management's good intention.
The market is always right, so let's put it down and follow the market.
The state for the stock market rise is to support the attitude, the stock market higher means that the money into the stock market, turn into the enterprise, to help enterprises to finance, help enterprise development, which with the implementation of the country's financial inclusion, reduce the cost of market interest rates for loans, and help the development of the enterprise's goal is the same. But the country does have concerns, considering the market investment enthusiasm is too high, easy hot money surging, so that the stock market has become a tool for speculators arbitrage, repeat the tragedy of 2015, the country hopes that the stock market Healthy and benign development.
When the stock market investor enthusiasm is high, the state splashed some water to cool down is necessary, the stock market itself is a high-risk investment, if even the square dance amazons began to discuss the opening of a stock speculation, this seedling is worthy of vigilance, the stock market itself requires professional knowledge, a wealth of back tuning and reasonable analysis, good execution, and is not suitable for everyone.
M2 growth rate continued, a large amount of money into the market, money into the stock market is normal, when the property market is cold, there will be more and more money into the market once the market returns back to warm up, will attract more capital into the market, however, not every investor is rational, it is very likely that the field plus leverage, and even borrow money into the field, this is not a good thing either for the investor or the market, once a loss. Investors will face huge losses, and even debt, once the profit, capital outflow on the development of enterprises is unfavorable, the country hopes that the stock market for enterprises to provide long-term stable capital.
I am Roseview Finance , more questions please pay attention to, welcome to communicate together to discuss, I hope to help you.
Why is management afraid of the stock market going up? This question is a bit nonsensical, from the management's point of view, at least in the right will. I hope that the stock market can be healthy development, this healthy development of the meaning of the title is the stock market to rise. I don't believe that a stagnant, lifeless stock market is something that management would like to see. But sometimes we will find such a phenomenon, once the stock market appeared emotional or exuberant, trading enthusiasm is too high, the management will sound, or some trading behavior to knock, or for the policy fine-tuning, some people think that these are in the market to cool down, but there are a lot of people interpreted as the management does not want to let the market rise.
Although the management has this or that shortcoming, but hope that the stock market is good should be a **** the same desire, the management is not do not want the stock market up, but hope that the stock market can be in accordance with the country's strategy and needs to go up, the stock market can rise in line with the needs of the country's development and the needs of the capital market, because in the previous rounds of the bull market, especially in 2015, the stock market, and finally there is basically Out of control situation, the disorderly rise of the market brought about the accumulation and expansion of risk, and finally everyone suffered a relatively large loss, this huge fluctuation. The impact on the financial capital market is far-reaching, and it can be said that as of now, we are still repaying the debt for the bull market in 2015, and this lesson is profound.
So from this point of view, the management certainly hope that the stock market rise, but more hope that the stock market rise is controllable, is in line with the needs of the national strategic development, is conducive to the healthy development of the capital market, rather than in order to go up long and rise, in order to pull up the stock index and pull up the stock index, so the market is in an uncontrollable state, to the current volume of the A-share market, once the stock market is in an uncontrollable state, who is in a state of uncontrollability? An uncontrollable state, no one can bear the responsibility, nor can they bear the loss.
In summary, the management of course wants the stock market to rise, but the pursuit of a controllable rise mode, this goal with the essential attributes of the future development of the market is a basic vein.