diablo 3 gold vigorously promoting reform will help to solve stock market ills - LGS

Ying Wang Shanghai scholars for this year's capital markets, the "expansion" is no longer the SFC's hard, reform of the capital markets shift focus from the secondary market to the market. New share distribution system reform in the Government work report this year: "sound system perfect the IPO and withdrawal system, enhance investor returns and rights protection", "positiveExhibition of bond market ". Overall, the presentation of the report on capital markets this year, less words, occurring later, novel content, but which had profound policy implications. To enhance investor returns and rights protection enshrined in the Government work report, this is the first time and get rid of "expand direct financing" the inscription, "the reform of shares system" in the first place, show managementThis year on capital markets of care. This means that, for this year's capital markets, the "expansion" is no longer the SFC's hard, reform of the capital markets shift focus from the secondary market to the market. A law of history is interesting, in the calendar year of the Government work report appeared in the "expand direct financing" words of the year, stock market performance is not very good,In 2004, 2010, 2011, who did not appear "to expand direct financing" words of the year diablo 3 gold, stock market performance is more optimistic, like 2005, 2006, 2009. Appear in the report "to expand direct financing", the Government about the stock market is more optimistic, belief that the market can bear the burden of supporting the real economy, the stock marketThe "expansion" in the context of, when stock market performance is often lower than expected, conversely, if the report is not "expand direct financing", shows that the Government's stock market took a caring attitude, "expansion" is not as hard targets in case, when stock market performance is often higher than expected. According to this law, is removed "increase the proportion of direct financing" means that this year's stock market has goodPerformance of it? In my view, while removing "grow" on the stock market this year is good, but it also means "grow" policy on the price corresponding to disappear, and stocks of medium-and long-term trend is ultimately determined by the macroeconomic background. Capital markets this year "large capacity" abdication, actually embodies three changes in the macro-policy guidelines, is the GDP growth target lowered; second"Growth" to "steady growth"; and three is the lending capacity of the recovery of the banking system. However, these three changes are detrimental to the stock market bull this year. Target downgrade economic growth, and not in the Government work report made in previous years "under construction" investment targets, means to maintain growth of capital investment there will be less demand; "growth" to "steady growth"Changes in decisions introduced this year similar to the 2008 massive stimulus-less likely, indirect financing growth in scale not only in narrow, but also on the capital market, "expansion" dependency reduced bank credit after two years of austerity and the rest, have begun normalizing feature diablo 3 power leveling, recovery of the lending capacity of the banking system, capital markets to the real economyServices required less urgent. All in all, even though the report does not mention "expansion" is bullish on equities, vigorously promoting reform will help to solve stock market ills, for the next Bull Xu Li, but stocks of medium-and long-term trend is ultimately determined by the macroeconomic background. Fall in the GDP growth target of macroeconomic context, the stock's intrinsic value as the Chinese economyCooling and lower, which determines the stock hubs or long-term move down. Determine the currency of share trading price index, far below the standards of the past few years diablo 3 gold, M2 target only 14%, taking into account the Central Bank adjusted M2 of statistical standards, and strict regulatory measures continued to shadow table foreign banks incorporated in the table monitor, M2 level may be larger than the actual decline of 16% drop14% literal to drop even more. Could be viewed as being a-share basis did not have cattle this year. (Editor: Liu Jin)