What Are The Main Tasks Of The Stock Market Reconstruction Stage?

In recent months, chairman Xi Jinping has talked about the stock market systematically for five times in less than two months, pointing out the direction for the development of the stock market, demanding to guard against risks, and promoting reform and protection.

This is unprecedented in history, indicating that the government attaches great importance to the capital market.

In the spirit of President Xi's speech, I think the task of rebuilding the stock market is:

First, it is

。

That is to prevent

Resurgence to prevent excessive financing in the field, such as Friday's two largest Exchange announced that the margin raised from 50% to 100%.

At the same time, it also includes the risk of preventing market trend, that is, unilateral rise, too large or too fast, too much valuation bubble, and the main diving escape.

Second, the financing function is complete.

That is to speed up the construction of multi-level capital market, and gradually restore the expansion of new shares. During the year, the Shanghai Stock Exchange set up strategic emerging industries board to provide more and better services for the real economy.

Third, the basic system is solid.

Such as limiting the number of opening orders, raising the margin ratio, canceling the advance payment of new shares, avoiding the pition of the stock market, promoting the reform of state-owned assets and asset restructuring of listed companies, and promoting the registration system of new shares.

Fourth, market supervision is effective.

That is to say, we should adopt zero tolerance and resolutely crack down on illegal behaviors that manipulate the market and make profiteering by using insider information.

In August this year, a number of management personages put forward the three stage of market development after the stock market crash: stabilization stage, self repair stage and reconstruction stage.

At the moment, the market has ended the first two stages, with the new shares coming to be marked, and will enter the stage of reconstruction.