Expert: "All stock" pure nonsense suspected of misleading the market.

<P>: Http:// News, China's capital market is undoubtedly the world's fastest growing emerging markets. .With the stock market continued to hit, the stock market investors surge, or even a loan to buy stocks, sell stocks in the extreme a case. .Many foreign media reported that investors opening securities market, long queues in front of the company, but also asserts that "China's entry into national stocks," the times, which ignited a fierce battle of public opinion. .</ P> <P> China really into the whole stock market time? .In this connection, the newspaper interviewed some of the industry pundits and experts and scholars. .They said China's stock market wealth effect has attracted a large number of investors rushed into the market, it is an indisputable fact. .But this assertion that China's "national stock", the lack of basis, not only exaggerated, but also suspected of misleading the market. .</ P> <P> A shares account for several months by 200 million </ P> <P> China Securities Depository and Clearing Corporation released statistics show that as of May 28, the total number of the Shanghai and Shenzhen account for billions of dollars, to 10027.36 .million, of which up to 99,846,900 individual accounts, institutional accounts 426,700. .</ P> <P> this persistent enthusiasm for the retail market, only the first few months of this year, accounts, reached 20.849 million, accounting for nearly 1 billion current account into more than two. .Data show that 13,495,000 new A shares account, new accounts, 494,500 B shares, the new fund account number 6858600. .</ P> <P> can be calculated accordingly, the new A share accounts, the rate of increase per month for 200 million, surpassing the historical record. .Historical data indicate that the historical account in 2005 was the peak, when the new A shares account for 1,300 million, the average monthly rate of increase of 100 million. .From another perspective, in the first 5 months the number of new A share accounts from 2001 to 2005, equivalent to 5 years the number of new A share accounts combined. .</ P> <P> present, the number of individual investors continue to climb, much to replace the main institutional investors as the market trend. .According to analysis, January to April this year, personal funds into the stock market is twice the funding agencies, individuals and institutions holding shares market capitalization ratio of 6:4, the amount of individual transactions amounted to 90% of market transactions. .</ P> <P> the investment enthusiasm of investors so high, some experts point out that, in addition to saving diversion drive the market higher, to induce more savings into the market to make money effect, the motivation of individual behavior from the point of view, on the one hand the majority of the stock market can provide .new investment channels. .On the other hand, the current national financial management concept has undergone new changes. .</ P> <P> accounts, is not equivalent to actual investors </ P> <P> For many ordinary people in Chinese cities, since the stock market is relatively low threshold, equal opportunity, most people do hope that both investment and speculation .market opportunities and wealth for their win. .But China did not enter the foreign media portrayals of the "national stock" era. .CSRC Chairman Shang Fulin has made it clear that "national stock" phenomenon may not be as serious as the media said. .More than 9000 million at the time of the number of accounts opened, about 35 million dead is the account untouched for many years, only about 60 million active accounts. .As the number of accounts involved in the Shanghai and Shenzhen, so it may be more than 3000 million active traders. .</ P> <P> China University of Political Science, Professor Liu Jipeng also the first in an interview to clarify the "universal stock" argument. .In his view, not the number of accounts and actual investors to compare, if the 3,000 population of 1.35 billion shares compared with the Chinese people and also accounts for only 1 / 45. .The China Taiwan region when the index reached 12,000 points on average seven or eight people to open an account, in addition to the age of 18 Americans who can not be opened, two people have an account, so we are far from being the "National .stocks. " .</ P> <P> Liu Jipeng that public participation in the capital market is a good thing. .The experience from developed countries, people involved in the higher degree of capital market, which is a sign of market maturity. .</ P> <P>.