Sha Nong Nong: We Should Not Compete With The People In The Stock Market.

On June 4th, Premier Li Keqiang chaired a State Council executive meeting to determine further decentralization measures to promote entrepreneurship and employment, deploy the scientific layout of petrochemical industry and intensive development of safety and environmental protection, and discuss the adoption of the advertising law of the People's Republic of China (Revised Draft).

The meeting pointed out that the petrochemical industry is an important pillar of the national economy, the industry chain is long, the product coverage is wide, and is closely related to people's lives. In the face of intensified global competition, increased resource and environmental constraints, and excessive dependence on imports of some products, we must follow the economic laws and do well in the layout of the petrochemical industry in accordance with the principles of safety, environmental protection, scientific and rational planning, improving industrial efficiency and ensuring energy security, so as to promote the development of industry and the improvement of people's livelihood. The meeting emphasized that once the plan of petrochemical industry layout was established, it must be strictly implemented. We should focus on the transformation of existing industrial bases and advantageous enterprises, and promote the upgrading and upgrading of the petrochemical industry. We must strictly carry out the EIA, scientific argumentation, and do well the site selection, so as to avoid blindly breaking the rules. We should conscientiously strengthen the supervision of safety and environmental protection, implement the main responsibility of enterprises, and timely investigate hidden dangers. We should strictly investigate environmental violations. We should strengthen information disclosure, popular science propaganda and dispel doubts and doubts, protect the public's right to know, and promote the green, safe and efficient development of the petrochemical industry.

At the 2014 petrochemical industry development conference, the national development and Reform Commission Industry Coordination Division has revealed that the "petrochemical industry planning and layout plan", which is of great concern, is being prepared in a drifting effort, and it will be released in the official website of the national development and Reform Commission.

5 in the end of the month, four new loans increased unexpectedly. The Shanghai news reporter was informed that the new loans rose by about 140 billion in less than a week at the end of 5 months, and the new size increased to about 270 billion in the month of 5. In May, the size of new loans in the whole industry is expected to be 700 billion.

　　 Shanghai National capital reform speed up A source told the China Securities Journal recently that the state owned enterprise reform in Shanghai has entered the stage of grading the reform plans of various enterprises. Shanghai's state assets supervision department is grading the reform plans of various enterprises according to the direction of enterprise development, strategic positioning and the needs of Shanghai's industrial upgrading.

The above said, Shanghai SASAC will be state-owned enterprises. reform The scheme carries out three grades of A, B and C, and has already got the rating result of the scheme. But he did not disclose specific rating criteria.

Shanghai's state owned SOE reform will usher in the "half year test" on the 17 day. After completing the rating of the state-owned enterprise reform program, Shanghai will probably accelerate the deepening of the reform of qualified state-owned enterprises.

Sha: in my opinion, it is a good thing to inject high-quality assets and enhance endogenous kinetic energy. If we only mix mixed ownership, we may be financing in disguise, and even lower the market price of the stock.

　　 5, the venue funds accelerated departure

In the last week of May (from May 26th to 30th), Stock market The increase in the amount of the transaction settlement fund is 144 billion yuan, with a decrease of 179 billion 300 million yuan and a net change of -353 billion yuan. Among them, the net transfer of funds on May 30th was 19 billion yuan. This is a net outflow of data for third consecutive weeks, and the net outflow of $35 billion 300 million last week is the highest since April. As at the end of last week, the balance of trading and clearing funds in the stock market was 515 billion 500 million yuan, the lowest since April 2012.

The feeling of Lao Sha

1, 80% of new shares will be sold on the market by market value, and will be paid after signing the contract.

2. The 20% lock period under the new network is not less than half a year.

3, abolish the old stock's use of new shares to transfer malicious cash.

4, the price earnings ratio of new shares should not be higher than that of the two tier industries.

5, preferred stock should only be applied to the primary market and be used cautiously in the two tier market; preferred stock should not be converted into tradable shares and will not continue to create new sizes.

6, suspend stock index futures trading and suspend margin trading.

7, abolish the dividend tax and stamp duty as soon as possible.

8, the scale of refinancing of listed companies should not exceed the amount of dividends paid in previous years.

9, fully implement the nine new states of the State Council to protect the interests of small and medium-sized investors, and let China's A shares show the world the hope of China's comprehensive deepening of reform, and take the lead in realizing the Chinese dream in the stock market.

Now it seems that not implementing the above nine can really not work.

In all cases, the government should not compete with the people in the stock market.