Does The Government Work Report Mention That The Capital Market Registration System Can Be Implemented In The Near Future?

< p > Premier Li Keqiang mentioned the capital market (i.e. the stock market) in the government work report at the two session of the twelve National People's Congress on 5 th, and said: "accelerate the development of multi-level capital market, promote the reform of stock issue registration system, and standardize the development of the bond market."

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< p > these more than 30 words, in fact, the most important part is "< a href=" http://www.91se91.com/news/index_c.asp > registration system < /a >.

It was recalled that when the "registration system" was first introduced in the third Plenary Session of the 18th CPC Central Committee, Xiao Gang, chairman of the SFC, said happily on television that "registration system is the key, it is a nose and must be fully promoted."

(he soon said that this should be done after the people's Congress amended the "Securities Law" in 2015.

After a while, another senior official of the SFC said that there was no timetable for the registration system.

But now, the prime minister's report has mentioned this again, which shows that this matter is of great significance and influence.

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Like P A and http://www.91se91.com/news/index_c.asp href= http://www.91se91.com/news/index_c.asp, the long term is more profitable. The short and medium term is definitely bad. When a thousand or ten thousand companies are listed on the stock market, will the stock market go up or down? There are 4000 000 private enterprises in the country, and there will be 1 000 listed companies in the market, so let's think about it.

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< p > now, the vast majority of markets in the US, Europe and Hong Kong and Taiwan have registered system, which is the world trend.

As the name suggests, it is not necessary to strictly examine and verify.

In the real economy, if you run a company, you can go to the trade and Industry Bureau to get a book.

But in the real economy, there is no "shell resources", that is, there is no "shell price".

Even if you are bankrupt and bankrupt, no house or shop will be rented to buy it.

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< p > > today, the listed companies of "a href=" http://www.91se91.com/news/index_c.asp "> stock market < /a > have shell resources and shell prices. Which new shares of the 50 new shares will not be longer than 44%, and then there will be more trading boards? But if the registration system is really going on, thousands of new shares will be listed, the shell resources of the stock market will disappear, and the price of" shell "is no longer the same as what happened in the real economy.

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< p > registration system is the trend of the world. Its advantage is free registration and many companies are fully competitive. Investors can buy more reliable (safer), more reliable and cheaper stocks.

But for today's vast majority of investors holding stocks, they are facing a serious risk of falling.

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China's P registration system can only be promoted step by step, not fast and not in one step.

This is because: first, the RMB exchange rate has not been completely liberalized.

The RMB exchange rate dropped 6 days ago, the market was panic, and the stock market also plunged.

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< p > Yi Gang, vice governor of the people's Bank of China, once said: the RMB exchange rate is very close to the equilibrium exchange rate now.

However, from the purchasing power parity of the renminbi, it was 1:4.2 at the end of 2012 (the data was not found in 2013), which means that in addition to the real estate and labor force in large and medium-sized cities, the majority of tradable commodities are still very high.

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