Opinion: In the past ten years, or even two decades, the center of A-shares has always revolved around the 3,000-point mark, and when most of the world's top centers of gravity are rising, China's ** appears to be weak. A large part of the reason for the weakness is the imperfection of the system. In addition, there are many determinants of bullishness, but very important factors also lie in "people (investors)" and "money (capital)", and the advantages and disadvantages of the system are important factors affecting people and money, and they are also the core of whether they can grow bulls.
According to a report by China.com Finance, Guan Qingyou, president and chief economist of the Institute of Financial Research, said: "Everyone is very envious of India's rise in recent years, India's ** T+0 in recent years, T+3 institutions, and the delisting system is stricter than ours." The capital market should really take into account the interests of ordinary investors. Here, the mention of the interests of ordinary investors has been praised a lot, and it also fully shows the market's expectations and more expectations for the protection of investors;In addition, in the past many years, many experts and scholars have also said that the foundation of China's first lies in the system. And it is not difficult to understand that for so many years, ** has basically been a paradise for financiers, but it is a hell for investors. Most investors have not made profits for a long time, and there is actually something worth reflecting on.
In this way, this may also be the main reason why we did not usher in the long bull, the core lies in the imperfection of the system, which is embodied in people and money. If the "people" (the investors at large) lose confidence in the market, then the market may fail. However, if there is no investment confidence, there is no "money" in the market, it is difficult for enterprises to raise capital, and the market is also illiquid. In this way, it is a luxury to be stable, let alone a long cowSo, how can we make "people" and "money" better promote the development of the world, and even attract more "people" and "money" to enter, maintain the long-term stability of the market or even usher in a long-term bull market?Here, the perfection of the system is fundamental!With the development of the world, the key consideration of the system is how to protect people's interests and make money better serve the entire market
Specifically, first of all, it is necessary to further improve the various systems of the first class and integrate with international standards as soon as possible. In fact, China's managers and regulators have been making great changes and reforms, which is also a concrete embodiment of the overall development and progress in recent years, but perhaps it can be more perfect. For example, the improvement of the short-selling mechanism, the suppression of various problems in the issuance of new shares, the optimization of the investment side, etc., and strengthen the integration with international standards;Second, we must do a good job in protecting the interests of the vast number of investors. For example, we should completely solve the problem of market distribution, further optimize the dividend mechanism, and reverse the pattern of the financing market in the pastThird, creating a good investment environment allows investors to make money. For example, in August this year, the economy called for investors to make money!The innovation of the market needs to focus on coordinating the ability of all parties of investors, fully thinking about and creating an environment for investors, so that investors can make money, investors are willing to devote themselves to the market for a long time, and will continue to provide funds to the market.
In general, if the development of our first class in the past is largely boosted by economic development and demographic dividend, then at present and in the future, in the market where "people" and "money" are still the main driving force, we need to continuously optimize and improve the system, create more favorable environment, so that "people" and "money" have confidence in the market, and are willing to stay in the market for a long time, and continue to contribute to the stability and development of the market. In this way, we may usher in the so-called long cow!