Law Of Stock Market Operation: Clear Direction Of Reform Of Capital Market

The responsibility of the government is to maintain an open, fair and just market order, protect the legitimate rights and interests of investors, especially small and medium-sized investors, and promote the long-term and stable development of the stock market, so as to prevent widespread panic.

China's market is still very young. The government must first foster a healthy market mechanism and reduce intervention.

Otherwise, as time goes on, investors are conditioned to think that they will not be affected by the government.

Why should we stabilize the market? The answer is clear: "in order to avoid systemic risk, the Chinese government has taken some measures to curb the panic in the stock market and avoid a systemic risk.

Similar practices have been adopted in overseas mature markets. "

This shows that when the stock market is stabilized, the government's judgement is likely to be in systemic risk.

There will be some technical obstacles in the process of handling.

For example, whether the technology and services of the broker can keep up after the pfer of the interface.

In September 17th, the SFC indicated that the notice issued by the securities regulatory bureaus to the local securities regulatory bureaus that the company should continue to do a good job in cleaning up and rectifying illegal activities in securities business emphasized that the clearance of securities dealers was no longer a "one size fits all" plan, and the three clearing areas were clearly defined, and three recommendations were also given.

The three major liquidation areas can be summarized as follows: relying on HOMS and other systems to separate warehouses, umbrella trusts, single trusts and structured products with direct investment instructions issued by investment advisers.

The three big recommendation is that brokers can communicate with trust companies and pfer the assets of the irregularities accounts to the same investor's account through non paction pfer and red rush blue subsidy, or cancel the external access authority of the information system and switch to the broker PB.

And other methods.

At the end of the cleanup, some flexible methods can be adopted.

If the relevant trust products are to be cleared on the last remaining maturity date, the securities dealers and regulators can clearly understand the investors' data and risk in the controllable range.

After the product is cleared up, no real name capital will be inserted.

What is the market going to do next? What is the future of the stock market? President Xi Jinping said that the market has entered the stage of self repair and self adjustment after taking various measures of stability.

That is to say, from all

To see, the government's measures to stabilize the market have been almost implemented. Although the market may not be cattle, there is a process of repair, which is the market's own business.

The government will not intervene too much in the market, but must handle insider trading.

If the market can repair itself in the future, it can be judged that the loopholes in the system will still be blocked, and that the market will not be put to fear, nor will a large number of stable market funds continue to flow into the market.

Not only that, considering a large number of deep sets.

It will not be solved because of the recent sharp fluctuations. We can predict the future upward trend of the A share market.

In other words, the fight at the bottom of the market may be fierce.

Fortunately, after so many twists and turns, China's market oriented hope is still there.

During the interview, President Xi Jinping said that developing the capital market is the direction of China's reform and will not change because of the stock market volatility.

In the future, apart from stocks, bonds, asset securitization and so on will be the mainstream species in the investment basket. At the same time, residents will also increase different kinds of currency allocation. Investment in RMB, US dollar, euro and Australian dollar will never be rare.