Lao Sha Talked About Registration System. This Topic Has Been Very Hot.

In this year's government work report, we propose to promote the reform of the stock and bond market and the rule of law, promote the healthy development of multi-level capital markets and raise the proportion of direct financing.

Timely launch of Shenzhen Hong Kong Tong.

No mention of registration system.

In last year's government work report, it explicitly proposed "implementation of the stock issue registration system reform".

At the same time, the draft "13th Five-Year plan" unveiled at the same time put forward "creating conditions to implement stock issuance registration system".

The "no mention of registration system" in the prime minister's government work report fully demonstrates that:

The registration system that was proposed was aggressive, neither suited to China's actual conditions nor to the actual situation of A shares.

Registration system has been identified as a major negative by most Chinese investors. The government work report has been complying with popular feelings and is unwilling to involve it.

The registration system has not yet been implemented, which has already hit the stock market in China. The government work report will never go down well.

Therefore, Premier Li Keqiang deliberately evaded the registration system in the government work report.

The draft "13th Five-Year plan" proposed that "create conditions for the implementation of stock issuance registration system".

"Creating conditions" indicates that conditions are not yet available.

What conditions can be created? The conditions for creating a bull market! In other words, registration system can only be implemented in the bull market pattern.

Why? In the "13th Five-Year plan" draft, it was proposed that "13th Five-Year" should be relaxed from the original "two years" to "five years" from 2016 -2020, which means that registration system will never be implemented this year and next year.

Later, in the six recommendations for stabilizing China's stock market, I called for a delay in the implementation of the registration system and "a definite delayed expectation for the market."

"Finally," fuse.

In order to popularize the registration system in the small and medium investors, we use the analogy of "the old man can understand" to point out the two "low-level mistakes" of the "Xiao Gang team" - "registration system" was finally "fusing".

Lao Sha also had a hunch that:

Gui Minjie, the chairman of the Shanghai Stock Exchange, said that he did not speak well in the position of partial interests. When a vice mayor of Shanghai announced that he wanted to do something "International Edition", and then it was also very intense. Later, did you still remember my warning to the International Edition: "the international version is the coffin plate of the domestic board"! When Zhang Yujun was in office in Shanghai, he also said with fever that "the number of listed companies should reach 1 000" and "the Shanghai Stock Exchange should strive to achieve a market value of 80 trillion".

These are only keen on the "financing function" of the stock market, and the leaders who ignore the "investment function" of the stock market simply do not know which interests are driven by them.

In the next one or two months, the stock market will be stable at 3000 points. In the summer and fall, the stock market is likely to stabilize at 3500 points. This is an ideal and acceptable position in all aspects.

Those who have always been the enemy of the bull market and have always screamed for the implementation of the registration system can stop. Chinese shareholders can identify who blogs are calling the crowd for the weekend, who is blogging enough to fail and fail.

I hope China's stock market will not go back to a vicious circle, and embark on a healthy development road.

The Chinese stock market should believe in tears! We should not believe what the "interest" market is!

Liu Shiyu's 2016

The stock market should make people suffer a little less.

The "no mention" of the registration system gives the market such a clearer expectation.

The management and the vast majority of market participants and market participants have fully realized that the so-called "market-oriented reform" will only lead to violent fluctuations in the stock market, which will only make the stock market "down" at the first level;

A kind of

Only to pick up to 3500 points, and gradually improve and implement the "delisting system", and vigorously improve the "counterfeiting costs" of listed companies, so that the "fraud disposal method" really has a strong deterrent force, so that the interests of the majority of investors have been fully guaranteed, and have the "reform" conditions.

Liu Shiyu's new deal was based on "stability" and "static braking". After he took office, the main task was to wipe out the butts for Xiao Gang (Xiao Gang's "fusing" and "registration system") and eliminate the bad influence of Yao Gang and Zhang Yujun on the inside and outside of the securities and Futures Commission. For the new chairman of the SFC, the main thing is not "reform" but "supervision". Therefore, he made the first voice to set the post of post responsibility: "under the supervision of law, strict supervision and comprehensive supervision, only regulation can guarantee the smooth implementation of the reform measures." he also said: "we will do our best to be loyal to the laws of People's Republic of China and protect the legitimate rights and interests of the vast majority of shareholders."