Interpretation Of The Central Bank'S Deputy Governor'S Public Statement On The Stock Market

Recently, Yi Gang, vice president of the central bank, led a delegation to attend the thirty-second international monetary and Financial Committee of the IMF.

Among them, according to the issue of China's stock market, Yi Gang publicly stated that China's stock market has undergone several rounds of adjustment, and the stock market adjustment has been roughly in place.

At the same time, a series of measures adopted by the Chinese government have avoided systemic risks, and the direct impact of stock market adjustment on China's macro economy is limited.

Looking at the recent market performance for more than a month, in fact, it is basically in a sustained and stable operation pattern.

At the same time, the A share market's confidence in investment has basically been restored.

This shows that through many managers on the stock market

In fact, it also conveys a steady signal for the stock market.

In response to the central bank's deputy governor's public statement on China's stock market, it has further conveyed the confidence that management intends to stabilize the market and given the impact of market enthusiasm.

However, I believe that, for the time being, although China's stock market has gradually stabilized, and the early stage of the "deleveraging" process is almost coming to an end, the stock market is still relatively weak.

Perhaps in today's market environment, as long as the market's internal and external environment has changed, it is easy to trigger the market panic again.

Among them, it is worth mentioning that, during the previous period, President Xi also personally accepted the written interview of the Wall Street journal before he launched his visit to the United States. He also mentioned the Chinese stock market in a rare way during the period and made relevant statements.

At that time, President Xi's public statements on China's stock market actually reflected several aspects.

First, the ups and downs of the stock market have their own operational rules. In general, the government does not interfere.

Second, in order to avoid systemic risks, the Chinese government has taken some measures to curb the panic in the stock market and avoid a systemic risk.

Thirdly, the market has entered the stage of self repair and self adjustment after taking various measures of stability.

Fourth, the development of capital market is the direction of China's reform.

Fluctuate and change.

Obviously, in the current market environment, the most lethal is the impact caused by a piece of rumors, especially the sensitive news such as IPO restart and so on, which may trigger a sharp fluctuation in the market.

In this regard, the author believes that in order to achieve the goal of stabilizing the market in essence, we should continue to work in several aspects.

First, we should crack down on rumours and rumours in the market, and greatly enhance market penalties so that rumor mongering can be severely punished, so as to purify the operating environment of the market.

Second, we must continue to play a positive role.

As well as promoting the substantive measures to increase the proportion of institutional investors and safeguarding the vital interests of investors, we should also accelerate the improvement and revision of the securities law, so as to create positive conditions for the long-term and healthy development of the market.

Third, we should actively learn lessons from the previous stock market turmoil and avoid the way of reform that is eager to make progress.

As far as possible, let the market reform meet the needs of many parties, and don't let the reform policy finally become a chicken ribs.

From this we can see that the confidence in investing in the market will not be easily accomplished overnight, and this is also a long and arduous task.

However, through a number of managers' public statements on the stock market, it has also delivered a steady signal to the market, which has taken a reassurance for the majority of investors.