The Fourth Plenary Session Has Great Impact On The Economy And Stock Market.

From 20 to October 23rd October 2014, the fourth plenary session, which attracted high attention at home and abroad, was held in Beijing.

At this meeting, we will study the major issues of comprehensively promoting the rule of law in the first plenary session.

And this conference will also introduce an upgraded version of rule by law.

For the common people, they are both familiar and distant.

Speaking of familiarity, the concept of ruling the country according to law has been spread for many years, and four short words have been deeply imprinted in the minds of every common people.

Speaking of distant places, ruling the country by law is a necessary means of governing the country.

Unfortunately, over the past years, because some powers have been given enormous power, it is easy to cause corruption and other problems.

At the same time, the privileged beneficiaries often grasp the formulation of policies and the implementation of policies.

Even though their behavior has seriously touched the law, no one dares to offend them because of the traditional idea of "right is greater than law".

In the end, the interests of such interests are increasing, and the concept of "running the country according to law" is lost in their hands.

In recent years, the in-depth promotion of anti-corruption work has won the affirmation of the common people.

At the same time, it also broke the embarrassment of "not being punished by doctors" in the past.

So far, a series of work of the new generation of leaders has shocked the countries of the world.

Now, it is necessary to strengthen the rule of law in China and make up for the lack of rule of law in the past. It is the core task of the new era.

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It is considered that the impact of the fourth plenary session on the economy or the stock market is considerable.

For the economy, an upgraded version of the rule of law, combined with sustained and in-depth anti-corruption work, will be our country's

Clear up obstacles.

At the same time, it has greatly reduced the pressure of enterprise development in the past, thereby stimulating the vitality of enterprises and creating greater value.

The development of enterprises and the improvement of production efficiency will eventually directly promote the pformation and development of the economy.

For the stock market, there are several aspects.

First, the power rent seeking problem has been greatly reduced, which has brought greater benefits to enterprises.

With the vitality of enterprises being stimulated, production efficiency will also be accelerated, which will be directly reflected in the actual profits of enterprises.

From the perspective of the two tier market, it is doubtless that the recovery of corporate performance will greatly boost the price of the secondary market, thereby stimulating the stock market to pick up quickly.

Secondly, the upgraded version of the rule of law will make up for the long absence of rule of law in the past and will speed up the improvement of relevant laws and regulations to a large extent.

Among them, the securities law, which has not been modified for a long time, will receive the attention of management.

The stock market reform has always been, but it has not been able to achieve the desired results for a long time.

The main reason is that there are legal obstacles in the implementation of relevant rules.

In fact, since the establishment of the securities law in 1999, it has only undergone a revision in 2005.

However, since then, the revision of the securities law has been in a state of stagnation.

Obviously, the law is the foundation. Without the perfection of laws and regulations, the implementation of any policy will be faced with great resistance.

At the same time, because of the long-standing "power is greater than law" in our country, power is above everything else, and the significance of law is greatly reduced.

It can be seen that the upgraded version of the rule of law not only speeds up the improvement of relevant laws and regulations such as securities law, but also strengthens the importance of law and can not make it a display.

Third, the fourth plenary session will speed up the fight against corruption in the core areas such as securities.

It is undeniable that China has made significant breakthroughs in anti-corruption issues over the past two years, and has also played a deterrent effect.

However, throughout the past two years, there are few core areas such as securities.

However, China's securities market and other core areas have gathered the wealth of the whole society, which is the most concentrated area of interest competition, and there can be no problem of corruption.

In fact, in recent years, crack down on the rat market in the stock market is a form of anti-corruption.

However, this is just the tip of the iceberg of securities corruption. Whether we can carry out anti-corruption work in depth in the future will have a profound impact on the future development of China's securities market.

Reformers often exist, but deep reformers are not always there.

People who are deeply involved in reform and achieve good reform results are rare.

In fact, over the years, there are countless reformers in China, but few are able to succeed.

Obviously, this is not the "incompetence" of the reformers, but more reflects their incapability of deepening the reform.

After a series of anti-corruption work, we also gradually feel the courage of the new generation of leaders, which also brings the gospel to the common people.

It can be expected that the impact of the fourth plenary session on China's future economic development will be far-reaching and lasting, and the impact on the stock market can not be ignored.