Stock Market Outlook: Perfect Fusing Mechanism Is Imminent

On the 7 day, the Shanghai Composite Index fell 7.3%, triggering second fuses at 10 a.m. and closing in advance.

Deng Haiqing believes that, first, the current round of decline is directly related to the direct trigger factors of the stock market crash in 6-8 months. The direct triggering factor was the deleveraging of the CSRC and the bursting of the stock market bubble, and the sharp drop after the holiday was caused by the resonance of exchange rate policy, insurance regulation policy, reduction policy and the new deal.

Second, the specific factors for this round of falls include: 1.

Early warning of the risk of placards, today issued the "further insurance industry to prevent and dispose of illegal fund-raising work notice", whether the market will see the CBO led leveraged concerns; two, the RMB has continued to depreciate significantly, the last "8.11" long after the emergence of China's stock market and the global stock market crash, this time the market will also have similar worries; three is despite the situation.

Appeased, but worries about the expiration of the embargo remain. Four, concerns about the huge increase in supply caused by the registration system; five, the market is frustrated by the excessive easing of the central bank.

Third, for the fusing mechanism, due to the fact that the distance between fuses and two fuses is too narrow at present, the liquidity of the market is significantly affected.

In addition, the Chinese market is dominated by retail investors, with a low level of understanding of the policy, which adds panic to the market.

Internationally,

It is not a problem in itself, but the fuse line is set high and the interval between the fuse lines is large, which makes the mobility less affected.

Fourth, setting up the fusing mechanism should not reduce the original liquidity of the market. For the market index, more emphasis should be placed on preventing excessive volatility, and for individual stocks more emphasis should be placed on liquidity.

Drawing lessons from international experience and the situation of individual investors, Deng Haiqing suggested that the stock price limits should be relaxed to 15%, the first index fusing line maintained 5%, and the second index fuse line relaxed to 10%.

In addition, the stock market crisis management should play the role of stabilizer in the period of new and old system alternation, big policy uncertainty and unstable market sentiment.

The mechanism of breaking up or breaking up? The stock market at home and abroad is quite different. There is a system of limit trading and limit trading. Why do we make the five percent or 7 mechanism of breaking the rules?

China's stock market should not copy the US and European stock markets completely. Foreign guns and foreign guns will create strong suggestive psychology. Just like a jumper, you jump ahead and she will follow.

This is totally a failure of national conditions.

The proposal is suspended immediately.

Don't learn Li Debo.

It is better to act according to China's actual conditions and learn from Comrade Xiaoping!

In order to stabilize the overall situation of the stock market.