The development of A-shares is a long road, and there is still work to be done in the start-up stage In the past few decades, China's economic development has made remarkable achievements, however, when we talk about the A** field, we have to admit that its development road is still long. Compared to mature markets such as the United States, Japan, Europe and India, the A** market is still in its infancy, and there is still a lot of homework to be done and many challenges to face.
First of all, the development of the a** field is strictly constrained by the policy. China's regulation of the A** market has been very strict, which restricts the free development of the market to a certain extent. While policymakers are pushing for market-oriented reforms, the process is slow and difficult. We need to continue our efforts to gradually ease policy restrictions and allow the market to play a greater role in resource allocation.
The SSE has been in operation for decades, and it has been hovering at two or three thousand points, with no progress, and it is still in the infancy of repeated illness.
Secondly, the investor structure of the A** market is not mature enough. Compared with mature markets, investors in the A** market are dominated by **, which leads to greater market volatility and low risk awareness among investors. In order to change this, we need to guide more long-term capital into the market, increase the proportion of institutional investors, and strengthen investor education to improve investors' risk awareness and investment capabilities.
Thirdly, the quality of listed companies in the A** field needs to be improved. Although the number of IPOs has increased in recent years, there are still many outstanding Chinese companies that choose to list overseas. This shows that our market still has a lot to improve. We need to improve the listing system to attract more high-quality companies to list in China, and at the same time strengthen the supervision of listed companies and improve the quality of listed companies.
Finally, the rule of law environment in the A** field needs to be further improved. A mature capital market requires a sound legal system and strict law enforcement. We need to speed up the construction of the rule of law in the capital market, intensify the crackdown on violations of laws and regulations, and protect the legitimate rights and interests of investors.
In short, the development of the A** field is a long way, and there is still work to be done in the start-up stage. We must strengthen our confidence, deepen reform, improve the system, and improve the level of rule of law, so as to lay a solid foundation for the long-term and stable development of the A** field. We believe that in the near future, the A** market will be able to become a bright pearl in the global capital market.