China'S Stock Market Is Actually Hard To Do Now.

The Chinese stock market originated from the Shanghai Stock Exchange in December 1990 and has a history of 27 years.

But since last spring and summer, many investors think this is the most difficult and difficult period to do.

Because macro and micro policies and measures are changeable, two hundred million people are at a loss as to what to do, and people are completely unable to understand the law, so they can not fully understand the "top" and the "bottom" of the rise (even where the bottom of the stage is).

The lifeblood of the financial market is credit, "borrowing and lending" and "repayment of principal and interest according to the terms". Credit is at work.

If the customer micro policy is completely different in the same situation, how can people dare to wallow in this market?

In two and August 26, 2015, the stock market was at 2850.

(1) as we all know, a stock crash occurred in China in 2015. The Shanghai Composite Index fell to 2850 at the bottom of the stage after falling 45% from the top 5178 points after 53 trading days.

Among them, there were 11 days of "1000 stock limit down", and more than 1300 suspension companies (accounting for 47% of A shares), the total paction volume dropped from 7 trillion to 4 trillion a month; the number of new investment dropped by 75%; the market value of Shenzhen and Shanghai was reduced by 33 trillion, which is equivalent to the market value of 18 PetroChina.

(two) in the face of the possible collapse of the 250 banks in Japan, the Chinese government decisively saved the market: the central bank lowered interest rates in 1 and June 28, 2015; and 2 and July 1, 2015, respectively.

Reduce the number of new shares; 5, Huijin Company to enter the market to buy shares to save the market; in July 4, 2015 and July 4, 2015, 24 public fund positions will purchase the company's partial stock fund for more than a year; 7, on the same day, 21 securities companies announced the contribution to buy 120 billion yuan blue chips; 8, under the direct intervention of the State Council, postponed the issuance of 28 new shares, through the purchase of funds; and the stock market of the listed companies in the listed companies was purchased by the central bank, and the central bank announced that the central bank announced the unlimited liquidity support to the certificate companies. Reduce paction costs; 3, the securities and Futures Commission relaxed the two financial constraints; 4, July 3, 2015, the SFC said it would.

The Chinese government's strong national rescue and intervention has won praise and recognition at home and abroad and 200 million Chinese investors.

And even got the support and praise from IMF.

(three) obviously, the government started to rescue the market at 4000 o'clock, and the 3500-3200 strong rescue market; the bottom of the policy should be in the 3200-3300 area, while the 2850 point was irrational; the 2850 point should be the bottom of the market plus the bottom of the policy.

In three and January 2016, China's stock market fell to 2844 points again. The situation was quite different. No one saved it. As early as late December 2015, experienced investors have realized that after new year's day,

It will be adjusted downward: 1, the registration system will be implemented soon; 2, more than 5% of the major shareholders who have been closed for half a year can be reduced.

They were imprisoned for no reason, eager to cash in; 3, fusing mechanism will make several limit ups.

Sure enough, China's stock market fell sharply from the highest point of 3684 in December 23, 2015, which is a fall of cliff avalanche.

The resulting difficulties and losses are also enormous for institutional and individual investors.

But when people think that 3000 points will surely have management to save the market, so when the warehouse is put into operation, nothing happens. There are no top 12 initiatives and similar measures.

So many 3100-3000 people entering the warehouse were frightened out of their wits and had to cut their wrist with pain.

These two very different 2850 points make the 200 million shareholders fearful and unable to do anything. Although the turnover is small, many people still bite their teeth and cut their wrists.

How to judge and predict such changeable policies and measures?

Four, vice president Fang Xinghai's speech is amazing, for the two fall defense.

At the Davos economic symposium, vice chairman Fang Xinghai held that the stock market volatility (in fact, plunged) was mainly industrial pformation, and many assets were reassessed. Two, the Fed raised interest rates.

Those two points were not in -8 months June 2015? The Fed raised interest rates at that time.

What is even more surprising is that he said: "in the current position of less than 2900 points, A shares fell 40% from the highest point, but not thirty percent higher than a year and a half ago. The valuation is still high."

Yes, it is 30% higher than the 2000 point. In June 2015, when -8 was trying to save the market, it was still over 30%. Why was it saved at that time? What is the difference between 2850 and 2850 last year?

Last year

Fund-raising of 1 trillion and 400 billion yuan, the world's first.

Now we should slow down the IPO as soon as possible, so that the bear market will be able to recuperate.

In short, China's stock market is hard to do now. It is the most difficult and difficult period in history. The biggest risk is the quiet change of macro and micro policies and initiatives.

Friends of the shareholders are cautious.

At the same time, the management must be cautious and prudent. There are 200 million people in the market, and the people who are most concerned about the political and economic affairs of the country and the people who are most open to reform and opening up! A shareholder has 10 relatives and friends, and it links 1 billion 360 million people.