chinadaily.com.cn
    left corner left corner
    China Daily Website

    Reviving the stock market

    Updated: 2013-01-07 12:18
    ( China Daily)

    The Chinese stock market ended 2012 on a slight high, with the benchmark Shanghai Composite Index closing with a 3.17 percent tick-up. However, continued recovery will not be possible without real reforms this year.

    The market's success in ending the year on a high note is thanks to a strong rally in the last trading days, with the Shanghai index rising more than 15 percent.

    But it is too early to tell if the rally results from any systematic improvement in the ailing Chinese market.

    After the short-lived glory of the Shanghai index in 2007, it has remained weak since 2008, dropping from a peak of more than 6,100 to as low as 1,664. Since then, the index has fluctuated around the level of 2,000, showing a lack of confidence in the disorderly market.

    Aiming to stem the downturn of the market indices, policymakers issued a series of new policies last year.

    A new listing rule was introduced, which strengthened the information disclosure requirements for companies planning to finance on the stock market. The market, according to the new rule, will have more say in deciding whether a company is eligible to be listed or not.

    Another major move was strengthening the delisting of underperforming companies. Two companies were delisted at the end of the year, sending a strong signal that disqualified companies will no longer be tolerated.

    Although the new policies have not been in force long enough to bring about a fundamental change in the market, they have brought hope to investors, many of whom have long been caught in a slough of despond because of the irregular and underperforming market.

    The core of the problems afflicting the market is lack of protection for the interests of investors. The media have revealed that some companies cheat to try and get listed so they can grab money from investors, and not all of these companies have received their due punishment.

    Market regulators have strengthened the requirement for dividend payments by listed companies to ensure investors get their due returns. But while this is a necessary step, they need to strengthen the supervision and punishment mechanism to ensure listed companies are quality and honest players.

    Harsher laws and regulations must be introduced so that investors make losses due to their bad investment decisions, not because listed companies are cheating them out of their money.

    8.03K
     
    ...
    ...
    ...
    无码人妻丝袜在线视频| AV无码精品一区二区三区| 国产av无码专区亚洲av桃花庵| 国产在线精品一区二区中文| 国产久热精品无码激情| 最好看的电影2019中文字幕 | 亚洲色无码一区二区三区| 亚洲中文字幕不卡无码| 久久久久久无码Av成人影院 | 在线播放无码高潮的视频| 亚洲色成人中文字幕网站| 国产精品无码永久免费888| 亚洲国产一二三精品无码| 久久久久综合中文字幕| 中文字幕一区二区人妻| 国产精品成人无码久久久久久 | 无码人妻丰满熟妇精品区| 中文字幕无码av激情不卡久久| 人妻无码αv中文字幕久久| 亚洲v国产v天堂a无码久久| 狠狠噜天天噜日日噜无码| 亚洲av无码潮喷在线观看| 国产成人无码一区二区在线观看| 中文字幕夜色资源网站| 日本精品中文字幕| 久久久久久综合一区中文字幕| 影院无码人妻精品一区二区| 久久久久久亚洲精品无码 | 亚洲av无码成人精品区在线播放| 久久亚洲精品无码AV红樱桃| 日韩精品无码一区二区三区不卡| 亚洲精品无码久久久久| 岛国无码av不卡一区二区| 永久免费av无码入口国语片| 人妻丰满熟妇aⅴ无码| 无码福利写真片视频在线播放| 中文字幕在线无码一区二区三区| 最好看的电影2019中文字幕 | 7国产欧美日韩综合天堂中文久久久久 | 中文字幕久久精品无码| 中文字幕在线亚洲精品|