"Capital Market Service Poverty Alleviation" Is Promulgated But Can Not Be Used In The Capital Market To Help The Poor.

Objective justice and procedural justice are indispensable.

Following the widespread controversy over the SFC's poverty alleviation opinions, the Securities Daily commented that the national strategy for tackling poverty is a general strategy. All the departments of the State Council should shoulder responsibilities. "One line, three meetings" is no exception.

It will open up a green channel for initial public offerings, new third board listing, bond issuance, merger and reorganization of enterprises in poverty-stricken areas, but it will not lower the auditing standards for issuing and listing.

The opinions on capital market service poverty relief are guiding opinions, and the specific operation should follow the market rules and strictly abide by the law.

This can be seen as a huge patch on the poverty alleviation policy.

It is impossible for the SFC to violate the existing laws and regulations and administrative regulations, and set up another set of listing for the poor areas, which is at most a green vehicle on the green corridor, showing the ultimate justice of common prosperity.

Poverty alleviation is very important, otherwise, the fruits of China's market-oriented reform will be overturned by the small peasant economy.

From the late Qing Dynasty to the Republic of China, Shanghai was a metropolis in East Asia and had the most efficient stock market in Asia. So what was the use of it? It was not that the overthrow was overthrown.

Poverty alleviation is very necessary, on the premise that poverty alleviation can not erode the achievements of the existing market.

In the process of marketization, we cannot achieve the rule of law market and credit market, but we can not continue to lose credit in the process of marketization.

The root of poverty alleviation is to teach people to fish, and to establish a national market through the way of industrial pfer, so that people in poor areas can get rid of the poverty cycle through industrialized channels.

So far, China's biggest credit is government credit.

The stock market, the real estate market, can be able to work because of the government's credit.

Any impact on government credit is a damage to China's basic credit.

Try it out. If the crazy property market has no money at present, what will happen to the pallet? Do not try to test the bottom line of the public psychology.

Some refute Mr. Xie's view that "the history of China's capital market has been opened up before, and the creation of the stock market itself is to serve the reform of state-owned enterprises throughout the country.

Supporting the reform of state-owned enterprises and listing of outstanding private enterprises by listing indicators is one of the most important standards approved by the SFC in these years.

Prior to serving the reform of state-owned enterprises and even distributing indicators according to the provincial level, this does not mean that it is correct to do so. It may be inevitable. After more than 20 years of development in the capital market, it is not necessary to serve the state-owned enterprises as an effective way to promote poverty alleviation.

The article said, "look at the holy land of many big V hearts, the United States has repeatedly raised the interest rate bar, all in order to further consolidate the international monetary position of the US dollar, and to consolidate the United States' precarious financial empire". This is a fact, but the United States itself will not say so.

A gentleman is a hooligan; do we want to become a hooligan proletarian?

In fact, the use of capital markets to serve the reform of state-owned enterprises has not played a corresponding role in addition to the drag on capital markets.

The most obvious symptom is that we are now facing major reform of state-owned enterprises once again, and some large and medium-sized state-owned enterprises have returned to their original place after spending cash in running water.

Reform is basically a nonsense, rational.

It is a gradual process. No one is willing to exchange the worries of life for the fruits of reform. However, reform can not circle the periphery again and again, wasting the important resources of society, and exchanging some good years for some places and enterprises.

In accordance with the CSRC's opinions on giving full play to the role of the capital market in serving the country's strategy of tackling poverty by tackling poverty, a company that has been operating for three years and has paid three years' income tax or registered in the poverty-stricken areas and has paid an income tax of not less than 20 million yuan in the poverty-stricken areas in recent years and has not changed the place of registration within three years after its listing, applies for the policy of "reporting immediately, examining and issuing immediately" when applying for initial public offerings and listing.

The new three boards, corporate bonds and asset-backed securities are all reported immediately.

This is equivalent to a new high speed road for the enterprises in poor areas in the existing capital car market with thousands of cars and congestion.

According to the current IPO and

The financial threshold of issuer IPO includes: the net profit of the last 3 accounting years is positive and the total amount exceeds RMB 30 million yuan; the net cash flow generated by business activities in the recent 3 fiscal years has totaled more than RMB 50 million yuan, or the accumulated income of the recent 3 accounting years has accumulated more than RMB 300 million yuan; the proportion of net assets (excluding land use right, aquaculture right and mining right) has not been higher than 20% at the end of last year.

Some people believe that the SFC's policy of helping the poor does not violate the dual justice of objectives and procedures.

Whether it is supporting the Midwest or supporting poor counties, first, it will not reduce the IPO standard of enterprises, second.

It is not easy to carry out policy arbitrage in poor areas.

That being the case, there is no need to emphasize the green channel. This will remind people immediately that the state owned enterprises in the stock market are precisely "helping the poor", and the policy of all parts and ministries and commissions should be divided.

It is not wise to stress loopholes in rules and try to emulate the power interference in a credit market.

If it is not for the market to rebound in policy, it is hard to know how many enterprises will go public in the form of supplementary taxes.

Look at the stance of the junior high school stock market's crazy return, so long as you have a smooth arbitrage channel, you can't stop the pace of arbitrage.

From the perspective of big data, a lot of companies after the listing are unable to afford it. The controlling shareholders take the listed companies out of recognition, not the case.

From this point of view, the controlling shareholders of Listed Companies in poor areas will not be particularly noble. The biggest function of China's stock market is to unlock difficult enterprises at the beginning and fatten some people.

We can believe that there are fat cats in poor areas, but poor areas will not be fat.