At The National Level, The Stock Market Policy Is Clear That Registration Is Not Equivalent To Deregulation.

< p > for the registration system, because the A share market is still in the emerging market stage, the complex historical reasons and cultural atmosphere make the registration system reform a long-term task.

Many netizens are trying to interpret the registration system as "loose", "decentralization" and "marketization". We do not know that the American registration system is stricter than our approval system.

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< p > if it is understood as deregulation, it must be supplemented by a strict delisting system, a penalty system for issuing artificial counterfeits, and a litigation system conducive to small and medium investors. However, there is little progress in these respects at present. This kind of reason or cause the "a href=" http://www.91se91.com/news/index_c.asp "registration system < /a" within a few years is difficult to come out.

This year's estimate is the exploratory scheme of registration system, but even if the IPO reform program is all twists and turns, the registration scheme will be even more difficult.

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< p > from the information feedback from the media, the regulatory authorities have been on the ice in the reform of IPO, and there have been many modifications in the middle of the plan, and there are still many loopholes after the final publication, which has led to the excessive suppression of the "oversubscription", which has led to the controversy over the stock issue.

Because of the need for "patch", IPO is also difficult to accelerate after the two sessions.

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< p > < < a href= > http://www.91se91.com/news/index_c.asp > > T+0 > /a > T+0, it is estimated that the possibility of implementation in the short term is also not large, because it is difficult to "a bowl of water leveling", for example, the introduction of T+0 to Shanghai 50, more varieties will also require T+0, and T+0's "double-edged" effect will make regulators have to be more cautious.

The possible easing of big cap stocks is the issuance of preferred shares, but it is not expected to be too optimistic.

The prudence of T+0 will reduce the pressure of capital diversion on GEM, which will be beneficial to Shenzhen market.

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< p > from the perspective of national level planning, many new economic means are needed to boost domestic demand and stimulate the economy. In the future, we will accelerate the development of the fourth generation of mobile communications, implement the "three networks convergence" in the whole country, encourage the development of e-commerce and promote the development of online shopping, and expand the cross border e-commerce pilot project at the foreign trade level.

Basic work includes Internet finance, network information security and so on.

These require cooperation in the growth enterprise market, so the regulators say they will allow the Internet and technology innovation enterprises that are not yet profitable but meet certain conditions to issue their shares on the gem. It is estimated that the growth indicators and profit requirements of the new board will be revised, and that the GEM companies will also relax their purchase and reorganization audit. This will help to find the support for the GEM board with the head characteristics, and do not rule out that the gem will rise further this year by two degrees.

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< p > the central bank announced the new "a href=" http://www.91se91.com/news/index_c.asp "foreign exchange" /a "> 437 billion 400 million yuan, a record high since October last year.

This proves that the recent depreciation of the RMB is more for the gradual increase of hot money for sniper, rather than hot money to worry about the withdrawal of the depreciation of the RMB assets, and the macro planning has also been added to closely monitor the content of cross-border capital flows, and it is estimated that the two-way floating range of the exchange rate will expand after the "two sessions".

In order to hedge hot money, it is necessary to achieve full convertibility of RMB capital account in stages. These areas are estimated to be achieved through the establishment of more free trade zones. Therefore, Tianjin and Guangdong free trade zones have been approved this year.

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