China's stock market is a The monopolistic enterprises, and some other listed companies, has a long way from the stock market over three trillion of capital. However, the stock market this year, the momentum of misappropriating more violent, according to plan, banks would only go half-trillion from the stock market cycle . This is why the recent bear market has been one of the main walk.
for good macroeconomic fundamentals, but the stock has been falling, one of the most fundamental reason to blame for misappropriating stock wanton acts. to enterprises, particularly misappropriating state-owned monopoly enterprises in the end, the Government can be said to spare no effort. Take the Agricultural Bank of China market, the government agricultural bank to allow access to its burden of hundreds of billions of bad loans in the first half and created a relatively good for the Agricultural Bank of China environment in which the basic purpose of the Agricultural Bank of misappropriating to become the largest in the history of the China Securities IPO.
not only the motherboard misappropriating jittery, constantly monopoly of state-owned enterprises, especially medium-sized enterprises bring into the world's highest-ranked large-cap companies, Even just launched soon became the GEM which attract private enterprises, the rich man-made machines. In the first half of the 118 working days, the Shanghai and Shenzhen Stock Exchange, the company achieved a total of 175 IPO, IPO of 1.5 per day , raised a total of 323.8 billion yuan. In the Plate 55 companies to create the 180 billionaires. The first half of the board and landed in Shanghai and Shenzhen SME Board of 120 companies, but create no fewer than 400 billionaires, that is, only the first half of this year, A share to nearly 600 billionaires created 6 March Hai Purui .5 148 yuan per share, the highest domestic A share issue price of landing the Shenzhen Stock Exchange Small plates, shareholders worth 54.2 billion more is instantly become the richest man.
same time, Shenzhen Stock Exchange is the first 100 GEM companies landing. It's 100 GEM 400 billion total market capitalization, however, the mobile market is less than 900 million, but funding has raised over 500 million, on average, every market, but 40 billion is the founder of the company board has nearly 5 million super-raised funds. and this raised to bring the stock market over the hazards are enormous: first, the issuer of misappropriating increased practice of misappropriating campaign to become IPO ; the second is the high price of new shares issued reduced the investment value of the stock, increasing the risk investors; third is over-financing increased the intensity of the spin on the stock market, the stock market is not conducive to long-term stability, is not conducive to the smooth conduct IPO ; Fourth, the proliferation of super-raised funds, but also reduces the efficient use of fund-raising, and even may become a major issuer a lot of money, some people became a billionaire in an instant. We do not deny that some companies in the past had a lot of the development process of the accumulation of creating value for society, but the policy is driven by corporate riches, the frequent appearance of billionaires main reasons. IPO investors have added super-raised funds so the community's resources flow to the minority or the individual's hands. Although the creation of nearly 600 half the year is likely to create 1,000 billionaires, but from the entire State and society, the proportion of these people is minimal, a few in the minority.
reform and opening up China's economic development, some people and some companies rich first up. some of them rely on honest labor and painstakingly accumulated wealth, but more of a policy of making the rich, they also do not rule out the powers of corruption brought about by the ill-gotten gains. All of these eventually led to the unequal share of social resources, resulting in a serious gap between rich and poor, exacerbate the imbalance in society.
we have no objection to raise development funds from the stock market business, would like to see harmony promoted by business and the stock market, health together, but Regrettably due to policy reasons many do not have the investment value of the enterprise into the stock market, even if some SMEs have some value, however, raised serious super. like Haipu Rui, an annual 200 million to rely on purified porcine intestinal heparin chemical raw materials business, had never entered into a public view years, has created the first time the issue price, the birth of China's new richest man, the achievements of the stock market social injustice, which makes the social gap is growing. So the people of wealth inequality, the gap is constantly increasing voices of doubt, requested access to income distribution, increasing demands for reform of the case, the SFC should science policy to promote the development of these SMEs.
There was a time, some experts as the small board to save China's stock market listing, and promote the development of SMEs a cure, actually not the case, even a year listing of two hundred, two thousand years of listing on China's small and medium enterprises will simply not do much for the role, but increasing social injustice. rely on the GEM to promote SME development is a better idea of the ideal!
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