Liu Shiyu Insisted On Why The Company Did Not Quit.

China's stock market is always running in the "entanglement of public opinion". The focus of recent focus is on the registration schedule, and the two is when the card company is withdrawing.

In February 20th, Zhao Ju, vice president of China Merchants Bank, said, "the loan from China Merchants Bank to the national team - the capital of the company is also being extended", which has aroused another round of public opinion whirlpool.

Some people speculate that the company is likely to retire and others draw the conclusion that the certificate company has already withdrawn from the listed company's annual report.

However, these assumptions are lacking in evidence.

As the main role of the "stability maintaining force", the certification company can not choose to quit in 8 months after admission.

Moreover, the stock market confidence is far from being recovered, and the situation is likely to happen at any time.

The author notes that at present, the call for reform of China's securities market is very high. The more this time, the more attention should be paid to the coordination of stability and reform.

Stock market stability is not only a prerequisite for development, but also a prerequisite for reform.

This has been repeatedly proved by experience at home and abroad.

If the stock market is stable, the stock market or even the result of economic development and reform can be destroyed in a short period of time.

In March 12th, Liu Shiyu, chairman of the securities and Futures Commission, made clear through the press conference that it was too early to discuss the withdrawal of the card in the long term.

He also said that at present there was no consideration of the so-called withdrawal.

The answer is clean and decisive.

From mid June 2015 to the end of the year, the Shanghai Composite Index fell by 31%, and the Shanghai Composite Index fell 22% from the beginning of this year to February 26th.

When the real economy is expected to be unstable,

The sudden deterioration of the trend is not a good thing for investors, entrepreneurs or ordinary residents.

In view of this situation, we need to work together to cope with the situation and stabilize our position.

Only by stabilizing can we further advance reform.

Unfortunately, so far, there are still some misconceptions about the stability of financial markets, including the stock market.

The most typical example is to question the actions taken by the state to stabilize the stock market in 6 and July last year. Some people support the maintenance of stability on the surface, but also demand that the policy exit when the "certificate company should repay the money in time", which must be corrected.

Any country maintaining stability in the stock market will not consider the problem only from seven or eight months' time span.

America for its own economy

It has implemented more than 4 years of quantitative easing policy.

In recent years, haste raised the issue of China's stabilization fund withdrawal, either childish or market turbulence.

In August 14, 2015, the SFC issued Notice No. 21, making it clear that "in the next few years, the Chinese certification company will not quit, and its function of stabilizing the market will remain unchanged".

We will continue to play a stabilizing role in various forms.

This solemn statement has not changed, nor will it change.

Not only that, we should improve the capital market stabilization fund mechanism, but once the panic in the financial market has dropped dramatically, we will be decisive in entering the market in a timely manner.

With the basic stability of the financial market, reform can go faster and the effect of reform will be better.

Some scholars say, "the securities regulatory authorities must not use the index as a criterion for judging their work performance, because the two functions of maintaining the index and law enforcement principles are conflicting."

This is only half the case, because the developed market is not nobody's "index", where the "index" is a large investment bank.

In fact, any market needs a leader.

Due to the fact that China's stock market lacks the independent pricing power of the market and the professional leader of the market value center, many institutional investors are keen on short-term speculation, which has led to the deterioration of the stock market investment atmosphere.

To this end, we must strengthen the construction of large investment banking institutions, and two, we must improve the stability fund.

At present, it is really out of date to talk about the withdrawal of evidence companies.