Analysis Of The Injury Of Stock Market To The Real Economy

The stock market is a typical representative of direct financing. The most desirable investment type is not the traditional industry of heavy assets, but the creative economy representing the new consumption hot spots. This is the essential difference between indirect financing represented by commercial banks.

China's A share market has lasted for nearly a year. The growth stock valuation represented by the gem has far exceeded the level of the European and American market, and the share price of the blue chips has more than doubled.

The continuous volume trading has produced many folk "stock gods", like many previous Daniel markets, and there have been many worried "brick houses". The virtual economy represented by the stock market has occupied a lot of money, making the real economy short of investment, which is not conducive to the development of China's economy.

This kind of confusing argument may be a bit reasonable in the past few rounds of bull market. But in the current stock market's rising volume, many new market phenomena have released positive signals, so that we have reason to believe that the benign mechanism of the A share market is taking shape, and the supporting role of multi-level capital market to the real economy is gradually being played, and the bull market is based on investor confidence in the real economy.

First of all, a big background of the bull market is the strong promotion of the central government's registration system.

You know, historically, the A share bull market is often terminated by a large-scale financing plan. The introduction of registration system is undoubtedly the opening of A shares to all social enterprises, and the scale of financing is unprecedented.

Why does the registration system not only end the bull market but make the bull market grow stronger? In fact, the reason is not complicated.

China's stock market listing resources have been scarce. The examination and approval system has not only created many grey operations criticized by investors, but also inclined the listing resources to state-owned enterprises in order to support the restructuring of state-owned assets and get rid of difficulties.

Therefore, when China's economy is faced with the pformation demand under the new normal, registration system will bring more private enterprises with good texture, fundamentally change the structure of A share listed companies, and ultimately reflect the investment structure of the real economy.

Second, the bull market is accompanied by a record.

Transactions, many high-quality enterprises and assets "ship to sea" successfully landed in the stock market, optimizing the assets structure of listed companies.

The concept of "virtual economy" is relative, just like the stock price is the result of the paction between the buyers and sellers in the capital market, but its role in the real economy is also practical.

A hot bull market means investors' enthusiasm for equity investment.

The advantages of financing bring the listed companies more resources to acquire the high-quality assets of the real economy, which not only enriches their continuous profitability, but also brings positive investment to the real economy.

Without doubt,

The quality assets in the eyes are not the sunset industry, such as overcapacity, nor the real estate that the price is expected to be reversed, but those hot spot industries that represent new consumption and industrial upgrading. This is certainly beneficial to the pformation and upgrading of China's economy.

Third, the stock price rise of the current bull market is structural, and the hot plate is more focused on creative new industries.

If we check the stock prices that have increased the largest number of stock prices in the past few months, we will find that the hot spots in the market are concentrated on the emerging technology represented by "Internet +", the upgrading of the traditional manufacturing industry represented by "China made 2025" and the promotion of consumption represented by cultural media, which is undoubtedly a forward-looking investment vane in China's real economy.