powers must also dream difficult circle
If, in the past 20 years, we have completed the poor by capital to the change, so the capital powers in the next 20 years, China’s stock market even longer time, facing more important and more difficult task is how to effectively and orderly from capital powers to capital power. If the capital from poor countries for capital country called the development of words, so, quantitative push from capital powers to capital powers means qualitative leap and development. This is MBT Sirima much heavier and more difficult and more great task, all interested in promoting the construction of China’s capital market for people should make unremitting pursuit and effort.
2 it is, 20 years, China’s stock markets still haven’t get rid of “policy city” worry and circle. The government’s “invisible hand” has become “very active hand”, will inevitably to market with great confusion and distress, makes the Chinese stock market is expected to form the normal, and the government expected in many cases and largely replaced market expectations and become the dominant expected the whole market. This, in last year’s stock market more apparent in operation. In the economic adversity, need to do adjust completely circumstances, the stock market weakness is more than just normal things. But in the last year, we in the entity economy in 20 degrees below zero circumstances but virtual economy thermometer factitious ground is transferred to plus 20 degrees, in order to complete the established the eight goals, started to use Chinese stock market for policy goal service. In government wantonly indulgent, institutions crazy lift, media excessive clucked under the MBT Sport action of multiple factors, stock index soared, all the way up 109%. But this from fundamentals crazy rise impossible, since this year return lasting market makes market carnage in last year, a large cruelly entry investors are becoming, a large family of secure the cataclysm again in Chinese stock market in appear. Or being marginalized, or be used, this is established 20 years China’s stock market, but also the biggest tragedy in China stock market does not have the resources allocation function and resource allocation efficiency in the fundamental reasons. China’s stock market does not from “policy of the vicious circle of city” go out, its towards marketization and internationalization process can be incredibly difficult, China’s stock markets from capital powers to capital powers must also dream difficult circle.
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