The Three Confidence Of The New Government Is Not "Blown".

Since Liu Shiyu became chairman of the SFC, due to limited time, no fire has yet been burned.

However, for the stock market, it has something to say.

For example, when Liu Shiyu spoke to the SFC officials, he claimed that the current tasks include supervising the market, strictly investigating and manipulating the stock market, and guiding the capital to enter the market, and appealed to investors to "buy stocks and not sell stocks".

Obviously, Liu Shiyu's view of guiding capital into the market is commendable.

The introduction of capital into the market is actually the introduction of more institutional investors into the market.

The development of China's capital market is inseparable from the growth and development of institutional investors.

At present, the A share market is essentially a market dominated by retail investors. Because of the uneven quality of investors themselves, the risk appetite varies widely, which is not conducive to the healthy development of the market.

But Liu Shiyu appealed to investors to buy stocks and not to sell stocks.

As chairman of the SFC, making such an appeal seems to be a "stock commentators".

On the other hand, if investors listen to their statements and enter the trade, what will happen if they lose money?

But whether it is to guide capital into the market, or to buy stocks, not to sell stocks, all of which have limited confidence in the market.

In fact, the introduction of capital into the market is the "old problem" of the market.

The earliest "three major rescue policies" that can be traced back to 1994, and for more than 20 years, regulators have been developing institutional investors and guiding capital into the market.

But over the past 20 years, the introduction of capital into the market has not brought confidence to the market.

As for the new SFC's call for investors to buy stocks, this is especially true.

I think China

The hope lies in the protection of investors.

Protection, investors will naturally have confidence in the market.

Otherwise, the trend of short bear growth, big ups and downs, skyrocketing and steep falls will become a major feature of China's capital market.

To protect investors, we must not shout slogans.

Protection.

For example, at present, the securities law is stepping into the revision stage, which can be added to the chapter of investor protection and greatly increase the cost of violation.

Secondly, in the daily work of the regulatory authorities, rigid supervision must be implemented to crack down on illegal and dishonest behaviors in the market.

In addition, we can introduce group action system to facilitate investors' rights protection.

Of course, Liu Shiyu's position on the stock market is enough to show that he has confidence in the market.

Moreover, the Shanghai stock index is at the bottom of 3000 points, and many share prices are also low, and the opportunities for long-term investment are approaching.

However, it is noteworthy that since the middle of last June, the market downturn has long been the label of the market.

Moreover, after the stock market crash, the investment mentality of the whole market has undergone tremendous changes.

One of the most common phenomena is that as long as the stock market declines slightly magnified, investors tend to flee and then trigger a herd effect in the market, which will further exacerbate the decline of the market and crack down on investors' confidence in the market.

Therefore, only the chairman of the SFC's position on the stock market merely appealed to investors to buy stocks and not to sell stocks, which fundamentally failed to boost the confidence of the whole market.

Nor is it possible to increase investor confidence by stopping issuing new shares and prohibiting the reduction of size.

And, like the past "headache doctor, foot pain medical foot" to boost the way of confidence, in today's market is no longer applicable.