China’s stock market shambling
Since 1990, China’s stock market shambling start have passed 20 years of strenuous process. If, say, China’s reform is “stepping stones across the river”, so, the development of China’s stock market is “rowing the sea.” craft For 20 years, China’s stock markets in developing had great progress, we from a capital poor countries develop to a capital superpower. The reason we had a capital MBT Sawa poor, because in Chinese stock market was established, our reform although before have also made significant progress, but overall, 20 years ago, capital of China, except for some still very poor in China, foreign investment and foreign enterprises with genuine capital attributes with resources have relatively scarce. This scarcity is mainly shown in two aspects: one is the capital quantity too little. Funds into capital channel is not smooth, assets into capital channels are also very smooth, credit into capital channels are not even smooth. 2 it is lack of capital mechanism. Capital formation mechanism of capital, a combination mechanism, capital of capital and the mechanism of competition are not only difficult to produce value-added mechanism, but also does not have the role of soil and conditions. For 20 years, the China’s biggest change is the generation and development of capital market; And in the capital market, one of the most significant aspect is we successfully realized to the capital by capital transformation of poor country. Until May 28, we already have a 2015 shares listed only the Shanghai and shenzhen two cities, the total market capitalization has also reached 197907 billion yuan. According to the China securities depository and clearing center provide information, by 2010, on May 21, shenzhen two cities, the effective account has reached 1.249 MBT Shuguli Gtx million, equivalent to about China’s total number of 9%, equivalent to about 20% of urban population. If the average of three to calculate in the city, so about 60% of the family are directly or indirectly involved in the stock market, the highest rate in the world. More importantly, after 20 years of ups and downs and tortuous development, people’s financial sense to be universal and the large scale enhancement, investment consciousness, speculative consciousness, interest rates consciousness, risk consciousness and the credit consciousness and 20 years ago, both Chinese stock market was the result of rapid development, but also for the further development of the Chinese stock market based, is worth us cherishing.
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