Yao Shujie: China'S Stock Market Has Become Worse And Worse.

The chairman of the SFC finally changed.

It is obvious that Xiao Gang hasn't done well in recent years, which is the fragility of China's stock market, the speculation of shareholders and the deception of the listed companies.

That is to say, the performance of the Chinese stock market is not good enough. We can not blame Xiao Gang's incompetence.

From this point of view, Xiaogang's dismissal can be described as a scapegoat for bad performance of the stock market.

However, the turmoil and corruption in China's stock market are inseparable from the responsibilities of regulators, and can not be separated from the SFC's personal competence and judgement ability.

From this point of view, Shaogang can be considered, and it can be said that he is not a scapegoat in the stock market.

After the big bubble and burst of the stock market in 2007, it should have given the SFC a great lesson. That is to say, the main work of the SFC should guide the listed companies to develop towards the direction of health and the direction of social responsibility, and guide investors to develop in a rational direction of investment, and guide the development of securities companies in the direction of legalization and pparency.

However, what the SFC has done in recent two years is not to put forward what must be done above, but to mislead the Chinese stock market to a more extreme direction.

Buying stocks encourages investors to leverage their interests. A shareholder allows N stock accounts, which greatly expands the desire and speculation ability of investors and greatly expands the speed and depth of stock market formation.

It is good to encourage the new three edition. However, in a hurry and mixed up, what bird companies are listed for the purpose. Some companies also cheat the innocent people by listing the corruption relationship with the SFC, and the Commission's internal ghosts are stealing.

In this difficult position, the performance of China's stock market is exacerbated by the failure of the SFC.

China's stock market has not only played the role of catalyst to promote the development of real economy, but also pushed the real economy to a more vulnerable edge.

Xi Jinping or Li Keqiang, they are thinking about how to grow steadily every day.

Because steady growth is a prerequisite for the realization of the goal of the "two one hundred years". Without steady growth, China will always fall into the possibility of "middle income trap".

The situation in China's stock market is quite different.

At first, China's stock market is an important tool for state-owned enterprises to turn from hard constraints to soft constraint governance mode. The role of the stock market is obvious in the process of pforming state-owned enterprises from ownership to corporate governance.

However, because the regulatory authorities lacked some basic common sense, especially the lack of the most basic understanding of China's national conditions, from the very beginning, all the tools of the western stock market were copied and copied to China.

The stock market.

Last year when the stock market broke through 4000 dangerous levels, the state propaganda machine, or even Xiao Gang himself, made direct or indirect misjudgments about the market going up.

The fusing mechanism introduced after the beginning of the year is a lack of scientific basic judgement, which completely destroyed investors' confidence in China's stock market.

The rescue market was originally also

And the State Council is considering stabilizing the market. However, the securities and Futures Commission does not know how to use it, and it gives them to the national teams like CITIC Securities. The result is not to save the stock market, but to add gas to the stock market.

The corruption of supervision, the corruption of securities companies, brought a direct disaster to hundreds of millions of people, brought disaster to the reputation of China's stock market, and brought great trouble to China's steady economic growth.

The Central Committee now selects the chairman of the Agricultural Bank of China, Liu Shi Yu, as the burden of the SFC, indicating that the central committee still believes that the head of the large state-owned bank is the right person for the chairman of the SFC.

Xiao Gang was originally chairman of the Bank of China, and his predecessor, Guo Shuqing, was chairman of China Construction Bank.

That is to say, the central authorities choose a most suitable chairman to pick up the stock market in the four big banks.

It is hoped that Liu Shiyu will be able to break the curse of the stock market boom and fall and lead the Chinese stock market to the track of long-term healthy development, and turn its current gambling attribute into the original investment attribute.

To achieve this, iron companies are needed and many listed companies need to be cleaned up, so that all companies should not forget where their social responsibilities are.