The follow-up policies are worth looking forward to, Securities Times front page: It will take time for market confidence to fully recover

Release time:Apr 15, 2024 20:24 PM

Under the stimulus of multiple favorable policies, the A-share market has rebounded significantly. On August 28th, all three major indexes opened more than 5% higher, with intraday fluctuations falling back. The gains of all three major stock indexes narrowed to about 1%, with over 3600 stocks turning red and the transaction volume of the two markets exceeding 1 trillion yuan. It can be seen that the combination of policies is gradually taking effect, and regulatory authorities are firmly committed to revitalizing the capital market. However, it will take time for market confidence to fully recover, and there are more policies to look forward to in the future.

Since the Central Political Bureau meeting on July 24th clearly proposed "to activate the capital market and boost investor confidence", regulatory authorities have accelerated the launch of a number of practical and effective policy measures, such as halving the stamp duty on securities transactions, improving the countercyclical adjustment mechanism of the primary and secondary markets, timely and reasonably adjusting the pace of IPO and refinancing, promoting the comprehensive implementation of public fund rate reform, and reducing the proportion of settlement reserve payment. A series of "three-dimensional" reform measures have been coordinated and implemented in the investment, financing, and trading sides, aiming to boost market sentiment, stimulate market vitality, stabilize and boost market confidence from a policy perspective, and fully maintain the smooth operation of the stock market, bond market, and futures market.

Objectively speaking, the capital market is highly sensitive to macroeconomic factors, industry policies, and the performance of micro business entities. Its trend is the result of a combination of fundamental, policy, funding, emotional, and overseas environmental factors. It will take some time for the market to fully return to normal operation and investor confidence to fully recover. We cannot just look at the short-term fluctuations in a single day and hold a skeptical attitude towards the effectiveness of policy "combination punches". All parties in the market need to be patient and let the bullets "fly" for a while. Only the real gold and silver discounts on the trading side will gradually show effect, and market participants will truly feel the benefits brought by policy red envelopes. Only then will the stock market emerge from the expected candlestick chart in stable operation.

At present, the policy toolbox for active capital markets has been opened, and regulatory authorities are continuously looking for ways to promote reform measures in introducing fresh water, reducing transaction costs, and improving transaction smoothness. There are more policies worth looking forward to in the future. If we launch a reform plan for the capital market investment side, strengthen cross departmental horizontal collaboration, improve supporting systems and mechanisms such as taxation and accounting, increase the introduction of various medium and long-term funds, and increase the proportion of equity investment; Guide listed companies with stable operating cash flows to distribute mid-term dividends and strengthen information disclosure constraints on low dividend companies; Extend the trading hours of A-share market and exchange bond market appropriately. These measures will break through the pain points and bottlenecks of incremental capital entering the market, improve the investment attractiveness of listed companies, and reshape the capital market ecosystem.

Activating the capital market and boosting investor confidence is a systematic project that involves various aspects of work and requires long-term efforts. I believe that with the continuous increase of stable growth policies, effective markets and promising governments will be better combined, macro policies and micro policies will complement each other, and the policy dividends will be accelerated. The Chinese stock market is expected to operate steadily and further develop healthily.

Two women were stabbed to death and reported to have committed a crime 4 days before the follow-up visit for schizophrenia. Suspect of a bloody murder case in a Hong Kong shopping mall appeared in court today. Male | Last Friday | Murder case
Two women were stabbed to death and reported to have committed a crime 4 days before the follow-up visit for schizophrenia. Suspect of a bloody murder case in a Hong Kong shopping mall appeared in court today. Male | Last Friday | Murder case

According to Hong Kong's Wen Wei Po, a bloody knife stabbing case occurred at Hollywood Square in Diamond Hill last Friday. The police arrested a 39 year old man on suspicion of stabbing two young women, one of whom was stabbed over 30 times. The suspect appeared in the Kwun Tong Magistrates Court this morning. The police at the Kwun Tong Magistrate's Court temporarily charged the suspect with two counts of murder last Sunday. The suspect appeared in court this morning at the Kwun Tong Magistrate's Court. Acting Chief Magistrate Zheng Jihang, after listening to the opinions of both the prosecution and defense, decided to postpone the hearing for two weeks until 9:30 am on June 19th, waiting for two psychiatric expert reports to be obtained. The defense did not object. Zheng Jihang approved the application, and the defendant needs to be temporarily detained at Xiaolan Mental Hospital. When the suspect appeared in court, he wore black framed glasses, a light gray shirt, and camouflage green shorts, and was able to answer the judge's questions normally. accordingly

Secretary of the Provincial Party Committee: The focus of Henan's "summer harvest" has shifted to agricultural machinery in the northern region of Henan Province. | Support | Science | Organization | Province | Northern Henan | Summer Harvest | Rush Harvest
Secretary of the Provincial Party Committee: The focus of Henan's "summer harvest" has shifted to agricultural machinery in the northern region of Henan Province. | Support | Science | Organization | Province | Northern Henan | Summer Harvest | Rush Harvest

Currently, the highly anticipated summer harvest work in Henan has shifted its focus to the northern region of Henan. According to the Henan Daily client, on June 4th, Lou Yangsheng, Secretary of the Henan Provincial Party Committee, presided over a special video scheduling meeting on the "Three Summers" work in the province, listened to the situation report, analyzed and judged the situation, and arranged and deployed the next steps of work. Governor Wang Kai made specific arrangements. On the evening of May 31, 2023, in Xiafutou Village, Xuliang Town, Boai County, Jiaozuo, Henan Province, villagers braved light rain in the wheat fields to harvest wheat. Visual China Map Lou Yangsheng pointed out that the current summer harvest battle in the province has entered the decisive stage. Doing a good job in summer harvest in northern Henan Province is related to the summer grain yield and seed safety. We should focus on seizing opportunities and make every effort to organize the wheat harvesting work in the northern Henan region, minimize losses, and protect the interests of farmers to the greatest extent possible. Accurate forecasting is essential

Xinhua All Media+| Welcome home! What innovative technologies are protecting the return journey of Shenzhou 15? Spaceship | Shenzhou | Technology
Xinhua All Media+| Welcome home! What innovative technologies are protecting the return journey of Shenzhou 15? Spaceship | Shenzhou | Technology

On June 4th, the return capsule of the Shenzhou-15 manned spacecraft successfully landed at the Dongfeng landing site. Astronauts Fei Junlong, Deng Qingming, and Zhang Lu all safely and smoothly exited the spacecraft, and the Shenzhou-15 manned flight mission was a complete success. What innovative technologies are there to safeguard the return journey of Shenzhou 15 in this mission? On June 4th, the return capsule of the Shenzhou-15 manned spacecraft successfully landed at the Dongfeng landing site. Xinhua News Agency reporter Lian Zhen photographed that "the sky and the ground" ensure the high-precision return of spacecraft. For the Shenzhou series spacecraft, the return and re-entry GNC technology is directly related to the life safety of astronauts. Taking the success of this return mission as a symbol, China has comprehensively upgraded its GNC system since the Shenzhou-12 manned spacecraft, which features autonomous rapid rendezvous and docking, autonomous adaptive prediction and re-entry return guidance, and has completed a comprehensive update and replacement

The Chinese naval fleet has arrived! Assembly | Navy | Chinese Fleet
The Chinese naval fleet has arrived! Assembly | Navy | Chinese Fleet

At noon today, a Chinese naval fleet consisting of Zhanjiang and Xuchang ships arrived at the assembly area of the "Comodo-2023" multinational maritime joint exercise. It is understood that the assembly anchorage for this exercise is 3 nautical miles long and 1.5 nautical miles wide, capable of anchoring up to 50 ships. Naval vessels from various countries participating in the exercise will also arrive at the anchorage today to complete the assembly of the "Komodo 2023" multinational maritime joint exercise, which is held every two years by the Indonesian Navy. This year is already the fourth edition of the exercise. The exercise will be held from June 5th to 8th in the city of Jakarta, South Sulawesi Province, Indonesia, including the port and sea phases. In the coming days, participating navies from various countries will participate in ship reading style search and rescue exercises, maritime interception and damage management exercises, aerial exercises, and other course objectives exercises

New comment: Donkey like "morale" limit pulls US debt "bomb" fuse hard to dismantle US | debt | morale
New comment: Donkey like "morale" limit pulls US debt "bomb" fuse hard to dismantle US | debt | morale

On the evening of June 1st, the US Senate passed a bill on the federal government's debt ceiling and budget, and the flame of the US debt bomb was temporarily extinguished at the last moment. The two parties in the United States have staged an extreme tug of war over the US debt bomb. Some experts believe that the US debt crisis is the result of the reckless politics promoted by the US dollar hegemony, and the underlying cause of this crisis is the highly polarized political system of the US. Since the end of World War II, the US Congress has adjusted the debt ceiling more than a hundred times. The recurring debt crisis will not only have a catastrophic impact on the US economy and people's livelihoods, but also continuously erode the value of US dollar assets such as government credit and US bonds, bringing significant and far-reaching impacts to the global economic landscape. 【