A Shares Did Not Rise Or Fall: Shenzhen Hong Kong Through The First Day Of Market Performance Is Not Satisfactory.

The stock market is rising too fast, though it has its own demand for adjustment.

However, excessive human intervention affects the operation trend of the stock market, but it is not conducive to protecting the vital interests of investors.

Perhaps, from the perspective of the market, we should respect the operation rules of the market, and we should not consume the investment vitality of the stock market in advance with too fast financing.

December 5, 2016 is the first trading day of Shenzhen Hong Kong Tong.

However, as the expectation of Shenzhen Hong Kong Tong, it did not bring more boost to the two markets at the beginning of the first day.

On the contrary, at the close of the market, both markets fell below. The market performance of Shenzhen Hong Kong through the first day was not satisfactory.

According to statistics, in the closing of December 5th, the Shanghai Composite Index fell 1.21%, Shenzhen composite index fell 1.18%.

As for the SME board index and the gem index, there has been a mixed trend, but it is still significantly stronger in the main board market.

From the analysis of two cities, the total volume of trading volume of only about 510 billion yuan in the two cities of Shanghai and Shenzhen in the same day has been shrinking.

At the same time, the overall performance of Hong Kong stock market remained weak, the Hang Seng Index eventually fell 0.26%, and the state-owned enterprises index fell 0.71%.

It is worth mentioning that, as the first trading day of Shenzhen Hong Kong Tong's formal opening, its trading data for the whole day are not too optimistic.

Among them, Shenzhen Stock Exchange and Shenzhen Hong Kong through Hong Kong stocks through the amount of use is not large, the remaining amount still occupies a large proportion.

This shows that the first day of the opening of Shenzhen Hong Kong Tong did not show better results.

Shenzhen and Hong Kong through the formal opening, whether A shares or Hong Kong stock market, there have been varying degrees of decline in performance, so that the market felt a little disappointed.

However, for the Shenzhen Hong Kong Tong which is full of market expectations, the first day of its opening led to the A share market rising and falling. What does it imply?

In fact, in essence, Shenzhen Hong Kong's intention to speed up the interconnection and exchange between the two markets is relatively limited in the short term, and overall, its long-term strategic impact is far greater than the short-term real impact.

At the same time, in the face of changes in the stock market policy environment, market environment and capital environment, Shenzhen Hong Kong's stimulus to the stock market is also significantly less than that of Shanghai and Hong Kong.

At the close, there were more than 20 stock market shares in the two cities of the A share market, and the risk assets were

Stocks fell earlier.

Among them, GREE electric appliances, China railway construction, China Construction, Jilin Ao Dong and other recent active stocks, but also in a sharp decline in the pattern.

Affected by this effect, for this kind of stock with larger market weight, the sharp decline of its share price also has a direct impact on the market.

From the new regulation of venture capital to the China Insurance Regulatory Commission's interview with Hengda life, and then to Liu Shiyu's public speech, and then to the CIRC to stop the Qianhai life universal insurance new business and other measures, in fact, it also hinted that the investment behavior of the market for some venture capital institutions has reached a tolerable bottom line.

Affected by this, the investment behavior of venture capital institutions in the future will be further regulated and regulated. As the main driving force of the stock market's rise, the weakening of the subsequent increase in the venture capital institutions will also have a greater impact on the stock market.

It is also the most true portrayal of China's stock market.

However, as a stock market that has just completed "deleveraging" and "de foaming", it is inseparable from the stock market as the dominant market environment. The rational regulation and supervision of venture capital institutions undoubtedly pose a threat to the potential new liquidity of the stock market.

It is noteworthy that on the one hand is right.

The constraint of investment behavior is constantly strengthened, on the other hand, it accelerates the pace of IPO issuance, and the speed of issuing IPO every Monday will undoubtedly further aggravate the unbalanced development of stock investment and financing function, further aggravate the blood withdrawal effect on the stock market, and create a negative impact on the market.

It is a fundamental drawback to "let go one after another, and one will die".

However, how to make China's stock market get room for sustainable development and let ordinary investors get tangible return on investment is also a pressing need for China's stock market to solve.

Obviously, the mature development of China's stock market depends not only on the promotion of Shanghai, Hong Kong, Shenzhen, Hong Kong and even Shanghai, but also on the inherent drawbacks of the stock market.

In reality, financing is important, but the lack of sustainable investment function follows up, and the ultimate consequence of blind financing is too fast to consume the investment vitality of the stock market.

As for

The problem needs more comprehensive consideration, and a real policy of determining the fate of the stock market depends on a comprehensive pformation process.

As for some large speculative large capital institutions, it is necessary to guide and supervise them step by step, but for the market, capital often plays an important role, and the new source of liquidity in the market has become an important factor in the subsequent operation of the stock market.

Therefore, the policy needs to be rational and prudent in policy formulation and policy formulation, so as to create a moderate space for the stock market to maintain sustained investment vitality.