It Is Hard To Reinvent Market Confidence In The Stock Market.

As an old stockholder who shares stocks as a lifelong career, what he most wants to say to the new chairman of the SFC is that the biggest problem in the Shanghai and Shenzhen stock market is the crisis of confidence.

Reshaping market confidence is not easy and has a long way to go.

However, in the current stock market crisis, the SFC is also looking for countermeasures to find out the reasons.

I just want to provide some social phenomena that some SFC chairman may not see or experience the severity of investor confidence crisis.

On Thursday, the Shanghai and Shenzhen stock markets fell again by nearly 200 points. The gem index took the lead. The information from each WeChat group was: "since March 1st, the growth enterprise market will be totally stopped, followed by the registration system."

This information, as long as the investors who have seen the news conference of the SFC, will immediately be able to know that it is a false rumor.

However, it is unthinkable that most shareholders who toss stocks prefer to believe the possibility of false rumours, and do not believe that the March 1st official news conference reiterated that the official information on the registration system was not implemented in March 1st.

The above phenomenon reflects the deep-seated problem that many investors in a country are skeptical about the policy measures repeatedly emphasized by the SFC and the government departments, and their trust has been reduced to the level of Internet rumors.

Don't think this is a trivial matter. Whether the stock market can flourish need not only the national economy.

Smooth operation requires more social confidence and social stability.

In today's China's stock market, the most important thing to solve is not the registration system, not the so-called "Introduction and innovation", but to stabilize confidence and rebuild the confidence and trust of the broad masses of shareholders to the SFC and government departments.

This is the starting point of all work.

In this regard,

Regardless of previous wishes or future work objectives, we should take credit or integrity as the cornerstone of the work, such as strengthening supervision, introducing external funds and stabilizing the market.

The Shanghai and Shenzhen stock markets also experienced a big bear crisis in the past decade or so. For example, the big bear market triggered by the world economic crisis in 2008, before the stock market crash caused by the unresolved split share structure, the stock market resumed its upward trend after the elimination of these basic factors, and market confidence also rose.

This stock market crisis is strongly different from what we used to be.

Although the growth rate of China's economy has declined year by year, this can not be a reason for the stock market to fall.

Because the growth rate in 6.5% years is twice that of the world average.

America, Japan and Europe

It is much lower than China, but the stock market is more than Chinese cattle.

Objectively speaking, in recent years, China has accounted for 1/3 of the total GDP in the world (according to international standards).

So the Chinese stock market is down because the reason for the economic downturn is not enough.

Moreover, China is now entering the era of low interest rates. Chinese residents are taking large amounts of savings from banks to buy houses and finance, and some of them will buy stocks.

So the low interest rate era is the real foundation for stock market prosperity.

China is entering this new era. China's stock market has no reason to bear bullying the whole world.