The Construction Of Blue Chip Market Is Far From Complete.

　　 Shanghai Stock Exchange The key tasks of the Shanghai Stock Exchange in 2014 were announced. Among them, the primary task is to continue to implement the blue chip market strategy, and strive to expand and strengthen the blue chips Market.

Compared with the traditional formulation, the Shanghai Stock Exchange's "live blue chip market" is particularly interesting. In recent years, Shanghai stock market is not an active market. Especially in the last two years, the blue chip market has even been marginalized. Although the former chairman of the securities and Futures Commission, Guo Shuqing, is strong in the Shanghai blue chips Market, and even publicly stated that "blue chips have a rare investment value", but this has never changed the market trend of the blue chips.

However, in the current situation, we need to do some work. Blue-chip share The market is not an easy thing. China's stock market is not a mature market, but a speculative city. Small cap stocks, theme stocks and growth stocks are more easily favored by investors. In recent years, market funds have been relatively tight, and it is not suitable for speculation in big blue chips. Blue chips are basically traditional industries, and industry policies lack bright spots.

Judging from the arrangement of the Shanghai Stock Exchange to continue to implement the blue chip market strategy, some of the measures are actually very limited, and there are even many reasons for it. If stock option is a double-edged sword, it may have negative effects on the activity of stocks. As a preferred stock, it is only a refinancing system, and even aggravate the problem of non cash in scale. This is actually a bad market.

Again as Cash Dividend In the face of the current tax policy, the more dividends a listed company has, the greater the loss of investors. There is also a delisting system. In case of failure to effectively protect investors' interests, delisting is actually an injury to investors. Therefore, the implementation of such measures will only allow investors to stay away from the blue chip market.

In order to make a living blue chip market, I believe that such measures must be implemented. First, the implementation of market value management system in listed companies, especially in state-owned enterprises, stipulates that the listed companies and major shareholders should have the obligation to repurchase shares and increase shares under the condition of breaking stock prices.

Second, allow large cap blue chip companies to shrink shares, which corresponds to the transfer of shares of small cap companies. Third, the dividend tax should be abolished to prevent investors from paying dividends tax due to participating in the cash dividends of listed companies. Fourthly, the transfer fee of Shanghai Stock Exchange is cancelled, which is a unilateral charge of Shanghai stock market, which is an obstacle to the purchase of Shanghai stock market by investors.

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