Lao Sha: A Shares Fell So Miserable That There Are Many Reasons.

The whole Chinese stock market is a process of "Haste".

Another example is that the new three boards are now nearly half listed. But the vice chairman of the newly appointed SFC announced the five major tasks in 2016 at the end of last year, and put forward: "two is to speed up the improvement of the new three boards, substantially increase the number of listed company, support small and micro financial institutions and high-tech enterprises in the new three board listing."

So eagerly increasing the number of new three board listed company is really unthinkable!

The result of haste is that the bull market is coming and rushing.

Can we send "slow" people to be the chairman and vice chairmen of the SFC?

The stock market of Westerners basically takes institutions as the main body, and the proportion of institutional shareholding accounts for 90%. The stock suddenly falls or soared to a certain extent. It will "fash" for ten or twenty minutes. During a short period of "fusing", the exchange will release relevant information on the stock market which will cause the stock market to rise and fall. Most of the institutions will take a more rational strategy after resumption. This is like watching the US NBA basketball game. When a player is not calm enough, the coach will usually switch him off, and let him play after a brief education and calm down.

A share is a market dominated by retail investors, with a retail share of 80%, and the stock suddenly plunged to 5%, just like the sudden blackout of the movie theater, and no one told you the reason why the movie was stopped by radio. In addition, someone shouted, "the roof is falling down." then who would not run away? How could there be a stampede accident? Therefore, after the first "fusing", there will soon be second "fuses"! Even if "upturn" to 5%, that will quickly rise to 7% after "fusing", because most retail investors will think that "no more can't buy it". But we Chinese.

They all know that they can only "innovate" if they "get rid of the old".

The stock market that implements registration system must have a strong market.

What is a more vulgar saying: how can the anus be blocked and how can it be eaten constantly and in large quantities?

China

So far, there are only a few delisting cases. Almost all listed companies have no worries about delisting. They have made every effort to cash in on the money. If they are "delisting" big shareholders, two shareholders and three shareholders, they turn the shares into money, then "delisting" and finally become a "empty shell", they can still sell money.

When listed, the enterprise becomes a "shell". There are nearly 3000 "shells" on the motherboard. There are thousands of "shells" in the new three boards. Some are "tortoise shells", but they can also live with the tortoise's body forever.

A listed company will only consider whether it wants to be registered or listed if there is a risk of delisting. Therefore, it is necessary to establish a strong delisting mechanism before implementing the registration system.

What's more?

The "bone marrow" that has intruded into the society, in my view, the registration system not only can not avoid the wind of counterfeiting, but it will make the fraud more and more hidden and more popular. A vice chairman and assistant chairman are all the SFC of "tiger". How can ordinary people "trust"?

The consequences of "low-level mistakes" are not necessarily "low" and are often much worse than the "high-level mistakes". In football games, a "low level mistake" often turns into a turning point in the game. If the goalkeeper of the home team makes two "low-level mistakes" and lets the other team score two goals, the fans on the stands will shout "substitutions".

China's stock market is no longer able to resist the "low-level mistakes".

Haste shows that our managers are immature, uneasy and impetuous.

Limited time securities companies widely open "financing accounts".

- time limit financing and capital allocation.

- within two years, the registration system will be implemented.

- limiting the opening of the market in 2016;

At present, it is said that the "acceptance of bills to enter the stock market illegally" must be limited.

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