Bull Market Mystery: Historic Opportunities For Development

The phrase "historic opportunity for development" has become the mantra of many officials.

If the chairman of the SFC speaks this sentence, don't be a joke.

Just like you don't watch the news broadcast seriously, you lose a lot of money making opportunities.

How can investors see the bull market mystery in the speech of the chairman of the SFC?

In 2000, Zhou Xiaochuan served as chairman of the SFC. When he took office, he launched the delisting mechanism, and attacked the black village. He also introduced an independent director system.

Zhou Xiaochuan, who has been in charge of the SFC for two years, has never used the word "historic opportunity for development".

At that time, the stock market was a big problem. It was like a patient lying on the operating table. Life is the first priority. Where can we make money when there are no sticks and no carrots?

Shang Fulin, who succeeded Zhou Xiaochuan, first used the phrase "historic opportunity for development" in 2005.

From 2003 to 2005, he was also fighting against disobedient brokerages and Hezhuang, but when he said this, the carrot came.

At that time, he said, China's capital market is undergoing major changes and historic changes.

What changes? At that time, the stock of Listed Companies in China was divided into two kinds: circulation and non circulation, and shareholders' rights and interests were not equal, and the voice of reform was four.

Shortly after Shang Fulin's speech, the pilot of split share structure reform began, and the bull market in 2007 opened.

However, Shang Fulin once again raised the word "historic opportunity for development" in 2011.

At that time, the stock market had not recovered from the slump in 2008. The rats, Shang Fulin, did not give any carrot to the market. The stock market did not usher in the so-called opportunity, nor did the bull market return.

Instead, Guo Shuqing replaced Shang Fulin as chairman of the securities and Futures Commission that year.

In December of that year, Guo Shuqing pointed out that China's securities industry is facing historic opportunities for development.

Guo Shuqing set up a new policy in the SFC, such as beating up the black, cracking down on rat trading and insider trading, and promoting the forced dividends of listed companies.

Guo Shuqing did the same work as Zhou Xiaochuan.

The operation of the stock market is to move the interests of others. Cheese, there is no carrot.

Before he could wait for the historic opportunity, Guo Shuqing was hurriedly removed from the SFC.

In 2013, when Xiao Gang took over Guo Shuqing, Xiao Gang said that the next step will be a rare opportunity for China's capital market. "I have confidence in the future development of the capital market".

Where did Xiao Gang's confidence come from? Xiaogang said at that time, after the financial crisis in 2008, China released 40 trillion loans in 4 years, and 30 trillion years before the founding of the PRC, and 30 trillion years of work in 4 years.

Xiao Gang felt that this road could not go on. Why? China's economic development in the future can not be done at such a high debt rate level. "It has reached a limit."

Defuse

The ultimate debt is the key to the pformation and upgrading of the national economy. How can we make the stock market an engine of resource allocation?

Now?

People like saving money. Why do they hate investing in the stock market?

Now that the stock market is going through the audit system, several people of the securities and Futures Commission of the SFC have tried to go there in a small house. The result is still a lot of bad companies listed on the stock market. People have no confidence in the stock market.

How can we turn high savings into capital formation and investment? In July 2014, Xiaogang again referred to the phrase "historic opportunity for development". Since the auditing system is so bad, let him disappear, throw the carrot of the registration system to the market, and let the market supervise those.

The master.

Although Xiaogang's regulatory stick has sent hundreds of people to prison, the reform of the carrot has made pigs and elephants fly.

When pigs and elephants fly up, the intermittent frenzy of bull market happens frequently, so that many people are confused when they invest.

In December 25th, Xiaogang came out again to use the "historical opportunity for development" to shout for the bull market. What is the carrot this time? Xiao Gang said that under the new normal economic development, the quality improvement and structural adjustment of the future economic development will greatly improve the foundation and environment of the capital market development.

There is a mystery. Only a big stick without carrot "historic opportunity" is no bull market.

This time, Xiao Gang once again used the "historical opportunity for development" to endorse the bull market platform. Don't joke about it. The national carrot will be released slowly.

How to improve the quality of the future economic development? How to adjust the structure? It means that the country will introduce a series of long-term favorable policies. Only when the stock market enters the slow cow and long cattle can it allocate resources for the future economic development.