Facing Up To The Damage Of Stock Market To Economy Is The Best Policy.

Although stock market pactions do not create wealth, it has the function of finding prices, which will create virtual value.

When virtual value is running in a reasonable interval, it is conducive to asset appreciation and benefit from business activities.

Take bank shares as an example. In the past, the price of bank shares was lower than that of net assets, which not only caused the loss of their assets in fact, but also seriously hindered bank's capital increase and other activities, and became a bottleneck in the development process.

In the course of last year's stock market rising, this problem was once solved, and the bank realized a certain degree of value regression, laying the foundation for its development.

However, since the stock market crash, bank shares have once again broken down in large areas, so that the bottleneck of development is once again apparent. The drag on the banking sector by the stock market decline is indeed very large.

In a short span of two months, the Shanghai and Shenzhen stock market has experienced a tragic decline, almost erasing the increase since this year, and the market value of more than 20 trillion yuan has vanished. Bank shares once again fell sharply behind net assets and the market financing function basically lost.

It is unthinkable that there has been no economic crisis, no war or catastrophic natural disasters.

But there is also a view that stock market trading does not create wealth in itself, and the rise or fall of stocks is just a redistribution of wealth.

Now it is just a correction of the excessive rise, which is a reasonable squeeze.

At this level, social property has not been substantially reduced, so there is no problem of harm to the real economy.

In the early period of the stock market's rise, there is indeed a bubble, even though it is impossible for the stock market to exist without bubbles, but if the bubble is too large, there will still be risks.

It is also necessary to squeeze the bubble through shrinking the lever.

However, we must admit that in the process, the stock market has fallen too fast, which has led to the emergence of a "stock market disaster" objectively, thus causing great damage to the social economy. The consequences of this will take a long time to eliminate.

Therefore, for

There is still a serious reflection on the damage.

You can also quote the case of IPO.

Under the normal operation of the market, the issue of new shares has been normalized. It has not only promoted the deepening of the shareholding system reform, but also increased the share price.

The ratio also brings new investment opportunities for investors.

After the stock market crash, the market has no ability to undertake the pressure of issuing new shares. This important passageway in social financing is blocked. It not only causes obstacles to the development of related enterprises, but also imposes an incalculable loss on the asset securitization of the whole country.

People say that the stock market slump is harmful to the economy, to a large extent, from the perspective of the loss of market financing function.

As for the participants in stock market trading, it seems that if they lose money in the stock market, they are pferred to others.

But when the market value of the stock market falls, in fact, all participants are losing money, but the angle of judgement is different.

From the specific level of funds, because of the stock market decline, some of the money of the financing customers is acquired by the financial and financial side, plus the loss of the market value of the stock.

Someone will say, this time

A number of middle class white-collar workers have been eliminated. In fact, many people who have had millions of assets have been seen to be extremely poor in the stock market crash. This is a huge blow to social spending power and investment ability.

As for those who have made money, there are still some benefits in the stock market crash. However, the pfer of large amounts of capital to their hands is probably not conducive to venture capital investment, which is not in harmony with the environment of innovation and development.

As for the impact of the stock market crash on GDP, the increase in bad debts brought by enterprises and financial institutions can be obtained.

The question is, how much have you paid for such a huge price? What lessons can we learn from this lesson? If we can not learn from it or even think that the stock market has not suffered direct losses, it is very terrible.

Now, the stock market has stabilized in the low position, but there is still great uncertainty in the market outlook. At this time, the consequences of the stock market crash are reflected in order to avoid repeating the same mistakes and increase the urgency of stabilizing the market as soon as possible, so that all sectors can work together to reduce the losses caused by the stock market crash.