There are many reasons why China has been in a bear market for a long time, and the issue of rules is an important aspect.
First of all, there are some flaws in the design of China's leading system, such as the issuance system, the delisting system is not perfect, the company's financial fraud, fraudulent listing, compensation regulations for the infringed shareholders, etc., there is no strict punishment rule for these behaviors, which has led to a long-term downturn in the market, and it is difficult for investors to obtain a better return on investment.
Secondly, the investor structure of China's ** is not reasonable enough, with a relatively large proportion of ** investors and relatively few institutional investors, which leads to a relatively strong speculative atmosphere in the market and large fluctuations in stock prices, which is not conducive to long-term value investment.
In addition, there are also some problems in China's information disclosure system, such as opaque and insufficient information disclosure, which leads to the problem of information asymmetry in the market, and it is difficult for investors to make reasonable investment decisions.
To sum up, there are many reasons why China has been in a bear market for a long time, and the issue of rules is one of them. In order to change this situation, it is necessary to further improve the market system, optimize the investor structure, strengthen information disclosure and other measures, improve the transparency and fairness of the market, and promote long-term value investment.