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中国股市打了一个长长的喷嚏。在经历了十余年来最漫长、最严寒的一个冬季之后,随着证监会暂停国有股减持决定的出台,股市又迎来了一次全面“井喷”。 暴涨暴跌对中国股市而言,并不是什么希罕的事情。然而,此次涨跌幅度之大,依然令见多识广的中国股民心跳不已。今年6月份以来,国内深沪股市连续四个月下跌,上证综合指数从 2245点跌到了1600多点,深跌30％,流通市值损失近4000亿,500只股票进入10元区,两市市值蒸发1.7万亿元。据悉,这是自1994年下半年起,深沪股市经历长达七年的增长后下挫幅度最大、持续时间最长的一次行情。而10月23日的政策出台后,几乎所有个股又全面涨停,股市又从三九进入三伏。 随着股市池塘水位的骤升骤降,各种结构性矛盾开始水落石出。由于众所周知的原因,几乎所有的券商今年都因为巨额的资产管理业务而正在遭受前所未有的亏损压力。中科系事件引发的资金链断裂的惨痛情景,至今历历在目,而银广夏连续15个跌停之后,股市更大规模的资金链断裂压力更是一触即发。麦科特的造假事件、三九医药被大股东占用巨额募集资金和湖北立华会计师事务所疯狂造假等一系列严重损害投资者利益的事件被集中曝光,加上早先科技股的“挤泡沫 以及绩优股业绩的“大变脸”,更使整个股市弥漫着严重的信任危机。
China stock market hit a long sneeze. After a winter of the longest and most severe winter in more than a decade, the stock market ushered in a comprehensive “blowout” with the SFC’s decision to suspend the state-owned shares reduction. It is not unusual for China’s stock market to skyrocket. However, the magnitude of this ups and downs is still the heartbeat of Chinese investors. Since June this year, the domestic Shenzhen and Shanghai stock markets fell for four consecutive months, the Shanghai Composite Index fell from 2245 points to more than 1,600 points, down 30%, the circulation market value of nearly 400 billion loss, 500 stocks into the 10 yuan, the market capitalization of both cities 1.7 trillion yuan evaporated. It is learned that this is the first time since the second half of 1994 that the stock market in Shenzhen and Shanghai experienced the largest decline and the longest duration of sales after experiencing a growth of seven years. After the promulgation of the policy on October 23, almost all the stocks went through a full-scale daily limit, and the stock market plummeted from March 19 to March 19. As the plunge in the stock market pond level plummeted, various structural contradictions began to fall and fall. For the best of known reasons, almost all of the brokerages are under unprecedented loss pressure this year because of the huge asset management business. In the painful scene of the collapse of the capital chain caused by the incident in the Central Bureau of the People’s Republic of China, it has been vividly recorded. After the silver Guangxia hit a limit of 15 consecutive times, the pressure of a larger capital chain fracture in the stock market is even more pressing. A series of events that seriously damaged the interests of investors like McCain’s fraud incident, the huge amount of funds raised by Sanjiu Medicine by the major shareholder and the frivolous fraud by Hubei Lihua Certified Public Accountants were all exposed. Coupled with the “crowding bubble” of earlier technology stocks and Blue chip performance “big face”, but also the entire stock market filled with a serious crisis of confidence.