The Governor'S Position Made The Bull Market Go Further.

This year's "two sessions" after the stock market did not decline as in previous years, but in the volume of cooperation with the new high.

Especially in March 17th, the Shanghai composite index broke through the 2009 high of 3478 points, the significance is obviously unusual.

Since then, some market participants have shouted that the rising space of stock index has been opened.

There is no doubt that after the "two sessions", the market did not repeat "yesterday's story", which is related to the bull market in the current market, which is related to the popularity of investors.

If Xiao Gang, chairman of the securities and Futures Commission, said in an interview during the "two sessions", the Central Committee's overall deepening reform is the main driving force for the stock market's rise, and the dividend reform will be the most powerful driving force for further healthy development of the capital market.

On the other hand,

The leverage factor has played an important role.

Therefore, Xiao Gang believes that the view of "reforming cattle" and "leveraging cattle" is reasonable.

As the governor of the central bank Zhou Xiaochuan, his position is more "watch".

Zhou Xiaochuan said that for the structural policy of liquidity management and basic money delivery, there was a view that these funds should not enter the stock market after entering the market, which was not in favor of this view.

It must be pointed out that

Or credit funds have entered the stock market, after which regulators have been very opposed.

In the past, whenever the stock market went up, the regulatory authorities had banned many times to prevent bank funds or credit funds from entering the stock market, and the statement of the governor of the central bank was quite different from the original one, which is a great change of one hundred and eighty degrees.

In terms of the current bull market,

Signs of a rise are obvious.

At some important juncture, huge volume is often accompanied.

Moreover, the daily turnover of Shanghai and Shenzhen two cities is no longer rare.

Behind the huge volume of pactions in the stock market, the incremental capital of the new account investors has funds from the two financial businesses and funds from Shanghai and Hong Kong. Of course, there are no funds from banks.

It is precisely the different funds that are unanimously optimistic about the stock market, which eventually created this bull market.

In fact, the saying that "capital enters the stock market is also a support for the real economy" is of double significance to the stock market.

First, it reflects the attitude of regulators to the stock market.

This view was obviously unthinkable before, but the change of the supervisor's concept gave the market great confidence.

The recent stock market continued to rise is the embodiment of this confidence.

On the other hand, there is no question of "capital entering the stock market to support the real economy".

The stock market is actually complementary to the real economy.

The favorable market situation is conducive to the smooth development of the new IPO and the refinancing activities of the listed companies. After the stock market has been consolidated into capital, enterprises have invested in the real economy and then have an impact on the performance of the listed companies.

Conversely, if the stock market downturn, will greatly affect the financing of enterprises from the capital market.

The phenomenon of IPO suspension in the A share market has had a negative impact on the real economy.

The bull market, which began in July last year, is now in full swing.

Investors open their accounts actively, a lot of capital runs into the market, and the index continues to create new heights. All this is the result of investor confidence.

Investors' confidence in the stock market is closely related to their support from regulators.

In the history of A share market, because the stock market trend is not supported by regulators, there are many cases of collapse or market failure.

The most famous ones, such as "twelve gold medals" in 1996, and "midnight chicken cries" in 2007, all caused serious damage to the stock market, and also caused heavy losses to investors.

With regulatory support, the situation is quite different.

It was also in 2007 that the Shanghai stock index climbed to the 6124 peak of the Shanghai stock market, due to the pressure of the regulators on the theme stocks and junk stocks and guiding the investment of blue chips.