Expect the market to save the city of five policy

For the introduction of policies to rescue the market, so that only the A-share market appeared short-lived rebound, but the rebound fell after the better, which allow investors to chilling. Judging from the current management's attitude, "rescue" the attitude of doubt, but the early introduction of the policy in the face of little embarrassed, shortly after the management of what policy can be introduced? First, to further standardize the size of the non-lifting of the ban. At present, the size of the non-lifting of the ban is still hanging over the market like a sword of his head, although the early lifting of the ban on non-regulate the size of the related policies have been introduced, but because of listed companies frequently leaked to reduce the size of the non-violation case, investors or For fear that the size of the non-avoid. In the face of the market as "a scourge" the size of the non-government how to reduce the impact of severe? At present, the market generally considered to be from two aspects. On the one hand, increase the size of the non-reducing costs, to increase the size of the non-cost-reduction, the market had previously proposed to increase the size of the reduction of non-profits tax, but the proposal was not in response to government departments. On the other hand, from the source to reduce the size of the increase in non-unlimited. Hong Yuan Securities (13.10, -0.66, -4.80%, right), an analyst Tang Yonggang said that the new distribution system is still limited to the sale of shares, which led to the size of the non-unlimited number of the increase, therefore, it needs a new Shares issued to reform the system, that is, the issue of new shares to be issued to implement full circulation and limit the sale of shares to lift the system so that it can source from the size of the non-settlement of unlimited growth. Secondly, the implementation of the Margin. October 5, 2008, the SFC announced the launch of the pilot Margin. October 31, 2008, the China Securities Regulatory Commission issued "the company's business scope of the examination and approval of the Securities Provisional Regulations", to relax the brokerage business to promote Margin. Although, on the Margin in the constant introduction of the policy, but when the implementation is uncertain. Margin from the implementation of the role, first of all increase its turnover in the stock market's activity. Based on practical experience in overseas markets, margin trading and securities lending business could double to enlarge the stock market's trading volume. There are estimates of the market, margin trading and securities lending business after the implementation, if each of the stocks to 10% for mortgage financing, the same system cycle funds give birth to more than 10%. According to the Nov. 5 closing price, the Shanghai and Shenzhen stock market value of the existing flow of about 3,900,000,000,000 yuan terms, it can bring to the market 390,000,000,000 yuan of capital increment. Second, the Margin to a certain extent, change the pattern of unilateral domestic stock market. The current A-share market, due to the lack of short mechanism, is still chasing Shadie investment environment. And the introduction of margin trading and securities lending, the market has more to do short and mechanisms in the domestic capital market development is an important step. Third, the stock index futures market. Margin in the launch business after the launch of index futures should be put on the agenda as soon as possible. Margin as business and stock index futures can promote each other. Market participants have said that the introduction of stock index futures, the A shares market has obviously good, at least to raise the value of blue chips, pulling effect on the market significantly. Fourth, increase the proportion of other institutional investors. At present, the stock market in the A's institutional investors, the fund is to occupy the leading position. Tang Yonggang said that as the fund in the A-share market in the absolute advantage, so when the fund as a whole to sing air market, the market's sell-off will be very great pressure, then there have been an irresistible trend of drop, the current A-share market, on the face With the situation. Tang Yonggang said that the change in the current market structure of institutional investors, the stock market is of great significance. At present, the domestic market should increase the insurance, private institutional investors such as the proportion of the structure, in order to be able to contend with the fund. When the funds have to sing the collective space-time, with different views or other institutional investors into the market will take over the fund to sell shares to institutional investors such markets can be formed between the checks and balances to avoid unilateral stock market up or down pattern . Fifth, to establish stabilization fund. When the rise of China's securities market, was made on the establishment of the stabilization fund. In 2004, when the stock market has been dwindling for a long time, people once again that thermal stabilization fund. Later, the shares to rise to the big wild bull market stabilization fund so that once again to the backstage. Since 2008, the largest stock market has fallen by 70%, on the stabilization fund's voice sounded again. A few days ago, former Securities and Futures Commission Chairman Zhou Zhengqing said that publicly, in the face of the economic development of China's economy is not consistent with the stock market of non-Shadie rational, relevant government departments should take appropriate measures to bear in the establishment of a stable stock market funds, abnormal fluctuations in the market for timely intervention To maintain investor confidence and market stability in the run. It is only sufficient funds into the market decisively, the majority of investors in order to see the Government's determination and courage to lift the real concerns and restore confidence. Although the stabilization fund when launched, can not be identified, but the introduction of stabilization fund management would be a trump card to save the market.