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股市急速崛起成了整体中国经济去杠杆化的一条捷径中国经济的增长引擎已不再是全要素生产率的提高,而是信贷扩张,所以经济增长伴随的就是投资成为庞氏融资的红海。沪港通开通之后,中国股市迎来了一波过去六年所未见的上涨行情。12月3日上证综指盘中突破2800点,深证成指大涨近3%后实现“九天连升”。创业板指数则升破1600点,创下历史纪录。是日收盘时,A股成交量达到惊人的9149亿元,打破历史最大单日成交纪录。朋友圈里,身边同事都在热议炒股,其热情和狂热和数年前谈买房时的情景相仿。大家都在说风口来了,猪也能上天了。
The rapid rise of the stock market has become a shortcut to deleveraging the entire Chinese economy The growth engine of the Chinese economy is no longer an improvement in total factor productivity but an expansion of credit. Therefore, economic growth is accompanied by the Red Sea investment into Ponzi financing. After the opening of Shanghai-Hong Kong Stock Connect, the Chinese stock market ushered in a wave of unprecedented gains in the past six years. December 3 Shanghai Composite Index intraday break 2800 points, the Shenzhen Component Index rose nearly 3% after the realization of “nine days up”. The GEM index rose more than 1600 points, setting a record. At the close of the day, the trading volume of A-shares hit a staggering 914.9 billion yuan, breaking the record of the largest single-day deal in history. Circle of friends, colleagues around are hot stocks, its enthusiasm and fanatical and buy a house a few years ago when the situation is similar. Everyone is talking about the vents, pigs can be God.