The Trend Of China'S Stock Market Is Very Unstable During The Two Sessions.

Registration should not be a new bubble.

Nor should we suppress undervalued stocks.

The market system of China's stock market is imperfect, short and short, short funds and short funds.

The stock market has surged and plunged sharply in the short term, making the market earthquake happen frequently. This is one of the biggest problems in China's stock market.

Therefore, the author believes that to change the situation thoroughly, on the one hand, it is to introduce all kinds of long-term funds, encourage long-term investment value investment, and on the other hand, crack down on market manipulation. There are two aspects. One is to investigate and deal with the deterrent effect in time, and the other is to punish severely and create deterrence.

On Monday, China's stock market was stimulated by the delay in the registration system reform of President Liu Shiyu's speech. Investors were overreacting, and the stock index rose 2859.50 points, up 49.19 points, and rose 1.75%. The Shenzhen stock index reported 9665.13 points, up 301.73 points, and rose 3.22%.

In terms of volume, the Shanghai Stock Exchange clinch a deal of 202 billion 793 million yuan, 301 billion 201 million yuan in Shenzhen Stock Exchange, and 503 billion 994 million yuan in the two cities, a substantial increase of nearly 210 billion yuan compared with the previous trading day.

The two cities are close to 100 shares.

The stock index rose slightly, leaving 30.32 points on the front line. It was at around 13:46 that the Bank of Beijing suddenly encountered large capital selling. From the disk, thousands of hands sold over 10000 hands and sold out continuously, and the market suddenly lost its buying, and the stock price was plunged into a strange diving. The bank shares were lower and the two cities narrowed.

The core of registration reform lies in the release of the listing system and the release of the listing rhythm and the listing price. There is no doubt that the small and medium-sized nature of the high valuation is negative. After the registration system is postponed, it creates a very good breathing time for the small and medium-sized enterprises. It is also very normal for the appropriate performance to be unquestionable. But the surge is obviously not a matter, it is a impetuous reaction in the market, but it should be said that the registration system, the bad bank sector, and even the big bad Beijing bank are a bit unthinkable, because the undervaluation of the banking sector is unquestionable, so why does Beijing bank have a sudden plunge?

Under the promise of strengthening supervision, comprehensive verification should be carried out.

One is whether there is any sudden bad news. If there is a sudden bad announcement, we should order the company to suspend the business, and conduct a comprehensive verification of insider information, and use the big data system to conduct a comprehensive investigation of suspicious pactions. Once the suspicious accounts are verified, they will be frozen and sealed immediately, and the maximum limit will be 5 times the fine.

On the face of it, the list is more than a thousand hands, and it should be a super main fund, and it should be a super main fund, and the means of continuous selling will allow the stock price to collapse for a short time. The purpose is to quickly destroy the confidence of investors. They need to pay close attention to the Chinese stock market. This management point needs to be highly valued. During the two sessions of the Chinese stock market, the trend is very unstable. The state also adopts various measures to stabilize the stock market. In order to further stabilize the stock market and provide investors with a better investment environment, the management has to delay the registration system reform. If at this important juncture, some people dare to deliberately smash the market to make profits, it is to ignore the interests of the state and set the majority. From

The major illegal activities that are ignored by the interests are also committed against the wind. How can the SFC sit down and watch such illegal activities to take advantage of illegal interests under the eye? We should increase penalties and not hesitate.

If the early bailout fund is withdrawing from the stock market, this way is also questionable. Since the primary purpose of the fund is to stabilize the stock market, it is necessary to play a role of the stabilization fund and play the function of the stabilization fund, so the withdrawal of capital should also be based on the principle of smooth operation of the market, rather than the extreme way of withdrawing from the market, so as to avoid a big fluctuation in the market, so that the confidence of the investors will be faced with a great challenge. Although the funds of the current round of guarantee funds are not necessarily the funds of the certification company, no matter what kind of means the funds go into the market, they should uphold a principle, that is, to make the stock market run smoothly, but not to cause the stock market to run smoothly, and not to cause the stock price to fluctuate greatly, thus creating panic psychology.

No matter what causes the Bank of Beijing.

The management must give an explanation, because the capital market is an information field. The Bank of Beijing's stock price movements must have some reasons. Whether it is insider trading market manipulation, withdrawal of funds or other reasons, there should be a saying that ordinary investors can not guess hide and seek.

Moreover, the Beijing bank's stock price movements have hurt the vital interests of ordinary investors. President Liu Shiyu solemnly promised to protect the interests of investors at the weekend. Therefore, the Bank of Beijing's share price movements can not be easily ignored.

　　周一银行板块逆市下跌0.4%，与创业板暴涨4.56%形成鲜明对照，笔者认为这种奇异的走势凸显中国股市的尴尬，虽然银行股有其自身的局限性比如不良贷问题，但是其估值之低也是有目共睹，股价已经在一定程度上反应了市场的悲观预期，注册制改革延后不是银行遭遇抛售遭遇遗弃的理由，而中小创估值甚高，而且不是一般的高，以创业板为例，市盈率目前是67倍左右，相当于美国纳斯达克的3倍左右，是世界上估值最高的股市，其大涨的基础是不扎实的，以今天几度涨停的中文在线为例，市盈率高达759.61倍，如果具有高成长那是没话可说，投资股市就是投资未来，但问题是成长性也不高，公司公告预计2015年1月至12月归属于上市公司股东的净利润为3，001~4，386万元，比上年同期下降35%~5%。

It is very difficult to support such a high valuation level with growth. Is there any overestimation of bubbles so that large shareholders can answer them?

The Chinese online (300364) announced that Wang Qiuhu, the shareholder of the company, was required to improve his personal life because of the need to improve his personal life. He would reduce his holdings by no more than 2 million 12 thousand and 700 shares within 6 months from the date of the announcement, that is, no more than 1.67% of the total share capital of the company. The way of reduction includes, but is not limited to, the two level market bidding paction mode, block trading mode, and agreement pfer mode.

Roughly 2 hundred million of the shares were sold, and the shares were plunged by bad interest.

The author thinks that the registration system reform is postponed for the stable operation of the stock market, in order to create better conditions to make the registration system soft landing, rather than let the market malicious speculation and malicious to do more, create new bubbles.

Create new crises and lay hidden dangers for the next crash.

It is not to suppress the undervalued sector represented by banks.