A Shares Will Still Face The Long Road.

During the "13th Five-Year" period, China's economic development mode should shift from scale and speed to quality and efficiency, and the driving force of development should shift from the input of resources and low cost labor force to innovation driven.

Reflecting on the stock market, Liu Shuwei, director of the China Enterprise Research Center, wrote recently that the structural reform of the supply side of the listed companies affected the performance and development potential of the listed companies. The future space and speed of the stock index should be mainly based on the current situation and speed of the structural reform of the supply side of the listed companies.

From last year

As well as lessons learned from the stock market crash, we can see that "the bull market that simply increases money demand can not be sustained, and the market needs to increase the supply of quality companies."

The focus of supply side structural reform is to reduce inefficient and low-end supply and expand effective and high-end supply.

In addition, Liu Shuwei also reminded that in the process of technology pfer, some listed companies once used the pure and honest law of scientists and the lack of self protection legal consciousness in the process of technology pfer. When they fully grasped the pferee technology, they refused to sign technical assignee contracts with scientists and pay for the pfer of technology.

This violation of business ethics seriously hampered and combated technology pfer.

We must strengthen the protection of intellectual property rights and carry out the two development work according to the needs of listed companies.

Liu Shuwei said that the key to the structural reform of the supply side of listed companies is R & D capability.

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At present, more listed companies are pferring technology.

But most of the listed companies in the equipment manufacturing industry still manufacture low-end products, with small profits or losses. Some of the listed companies of equipment manufacturing industry are seriously losing money and are about to withdraw from the market.

"Some unlisted companies already have manufacturing.

Ability to undertake the manufacture of important equipment in China.

These enterprises are characterized by their strong R & D capability.

It is foreseeable that these enterprises will be able to obtain financing through acquiring equipment manufacturing listed companies, or directly get capital support, and become bigger and stronger as soon as possible.