a股救市举措的三大硬伤（Three a bailout measures the mishap）.docVIP

a股救市举措的三大硬伤（Three a bailout measures the mishap） The third Plenary Session of the 17th CPC Central Committee bulletin for the first time proposed to maintain economic stability, financial stability and the stability of the capital market, maintaining social stability, the four stable put forward at the same time, especially the equal status to maintain stability in the capital markets in the economic and social stability is the first time. Previously, the management has launched a number of positive measures, but the market does not appreciate, the stock market is still unstable, the main reason is that so far the bailout is not enough, there are the following three aspects of measures to rescue the market flawed: One of the rescue system flawed: palliative medicine is not symptomatic The reform and listing of new shares, resulting in a large number of the size of the non tradable shares after the lifting of the ban, the huge incremental stock supply greatly affects the balance of supply and demand for A shares, the formation of two class market valuation system impact, this is one of the important causes of A shares this year cut prices, the fundamental problem is the current crisis of A shares. This is the basic consensus on the market at present. But so far, no good scheme has been put forward to solve the problem of size and non. Whether its block trading, two on sale and exchangeable bond, none of the core problems are solved. The size of the non reduction initiative is in the hands of these sizes, not in the hands of management. Only the stock price fell to the size of non - unwilling, can not bear to reduce the point, to see the big bottom. Otherwise, the introduction of any favorable policy will only facilitate the reduction of the size of non - conditions. Therefore, the market feel that the policy side is unable to solve this problem, but only the size of non lifting of the ban to play a buffer role. The current reduction of the worst , not efforts constra