Shanghai And Shenzhen Stock Markets Will Advance In Waves.

The basic conditions for entering Shanghai and Shenzhen stock markets are already available.

Despite all kinds of unexpected uncertainties or bad themes, the Shanghai and Shenzhen stock markets will move forward as long as these three basic conditions remain unchanged.

Although this week's market index is affected by the old method of IPO, the market has not been in a big decline, but the market has not been panic in large scale, especially the State Council and the SFC announced the big framework of registration system, but the market tends to be stable.

Next week, the old method of new shares is coming to an end. The three main factors of the market will gradually digest and exert force. A new situation, the real slow ox era, is slowly coming to us, though there will be twists and turns, but the trend is good enough to have an institutional foundation.

First, the long-term interest rate and the relatively loose monetary policy environment.

When the deposit benchmark interest rate stays at 1.5% intervals for a long time, the concept of saving money in the whole society changes slowly.

Stock speculation should gradually become a compulsory course for the entire residents.

Social financing structure has gradually changed from indirect banking to direct financial securities. This is a social and economic and financial development law which is not pferred by human will.

There will be bear market in the future, but it will be the adjustment stage after the bull market. The market index is rising year by year.

Second, press

The subscription of new shares after Yaohao is the basic institutional factor of China's bull market.

This system determines that the majority of shareholders have the power to hold stocks for a long time, which is the best solution for the new stock market to be in short supply and not to issue in large quantities.

When the China Securities Regulatory Commission announced the issuance of new shares by this method, our old stock holders who were 30 years old were cheering from their hearts. This is the real bailout, which is called Chinese characteristics.

Third, when the top two elements are available,

There was no song of triumph.

Because most of the shareholders are worried and worried that the registration system of stock issuance is coming. Will the registration system lead to a large number of enterprises listing on the stock market to change the steady pattern of supply and demand? The Shanghai and Shenzhen stock price structure will be reversed. This week, the Chinese market registration system with great fear and expectation is finally unveiled. The specific operational details of the plan can not be launched very soon, but the alarm of the crisis has been lifted.

China

The biggest Chinese characteristic is that in the document issued by the China Securities Regulatory Commission in December 9th, the principle of "four no" is defined. "Registration system reform is a gradual process, and it will not be implemented in one step. The pace of issuing new shares will not be released at once, and the price of new issue will not be released one after another, which will not cause large-scale expansion of new shares.

The "four no" principle relieves shareholders' worries about registration system.

Registration system is definitely not to lower the listing standard, but it is absolutely not without auditing.

Through the audit and seal of investment banks, accounting and auditing agencies, these organizations are responsible for the law and their own property. These audits are easier to be supervised by the general public.

The difficulty of listing will not be reduced. The value of shell resources in China's stock market will not disappear in a few years.