Hexun news 18th August, the 18 years anniversary of the annual capital celebration of the Chinese securities market 2007 was held as scheduled, the topic “Theory and Practice ",Mr. Li Zhenning expressed his views and opinions.
Mr. Li Zhenning said that the share-trading was successful because the government and the market have a clear division of labor, they do their own business. This is an experience; this experience can be used in China to the implementation of other reforms, including the test of the pilot from points to surface. The participants reach a consensus in the government. Now everyone on the Chinese stock market have a kind of fear on 5,000 points, the government should not control this, the government can not even manage the pressure, the pressure at any point of the stock market would be scolded, it is missing the support of the people, so the government will not control the index level. Like the 20 times in the stock market of United States, they combine with the low growth, Japan's 40 times contains zero growth. American has many financial instruments, it dissolves risks on the surface, in fact, it increases the risk. Insurance companies security risk, several companies to rig up, the company has very high debt. In fact, the risk is not small, it is said that 40 times in China, last year the performance of listed companies increased of nearly 50 percent, half of this year has communiqued that the performance of some listed companies reached more than 80%. We can not simply look at some figures and compare with different countries, it will artificially judgment something, it is also necessary in accordance with China's national conditions to address all aspects of the problem.
