Four securities reported recurrence Editorial: rising stock market regulators may release a positive signal of.

<P> Shanghai Securities News: Market did not change the basis and driving force </ P> <P> 2008 on the national securities and futures supervision work session concluded in Beijing yesterday. .Meeting current and future China's capital market stability and healthy development of the situation, made an important judge, that "stable and healthy development of China's capital market basis and no major changes in power, supporting the healthy development of capital markets, macroeconomic fundamentals remain strong, maintaining the capital market .stable operation of the basic system with the initial conditions, and promote the objective of sustainable development of capital market needs more urgent. "</ P> <P> should be said that this important judgments are based on stable and healthy development of capital markets background, large .pattern, made the trend, the market parties to fully and accurately understand and analyze the current market situation, seize opportunities, meet challenges, with enlightening role. .</ P> <P> the first half of the capital market during operation stage there have been some problems and difficulties: callback index, volatility to increase, decrease in market value, less willingness to invest, trading volume declined. .The emergence of these problems and difficulties, both international and domestic environment changing external factors, but also the internal factors market adjust itself. .</ P> <P> but no doubt that China's capital market stability and healthy development of the foundation and driving force without major changes. .</ P> <P> First of all, support the healthy development of capital markets, macroeconomic fundamentals remain strong. .The first half of this year, China's macroeconomic situation is generally good, the national economy maintained steady, rapid growth, GDP growth rate of 10.4%, still higher than the average growth rate over the past 30 years; 5,6 two-year consumer price level, the chain were .In the fall, or down in the second half price certainty; overheated economic growth shifting from fast to ease the pressure, economic development, further improve the quality and efficiency, coordination, and further enhanced. .As the experts pointed out that industrialization, urbanization, marketization and internationalization support the four basic forces of China's economic fundamentals have not changed, will continue as China's economy maintained steady and rapid growth to form a strong support. .</ P> <P> Second, to maintain stable operation of the internal capital market conditions for the initial conditions. .</ P> <P> 2005 began to promote the share reform, large and small shareholders of listed companies formed the basis of common interests, the major shareholder tunneling, a false statement maliciously misappropriating the interests of the formation mechanism has been changed, the basis of capital market operations .to build, market-based pricing mechanism to the formation of prices, and promote the market to improve the international environment. .</ P> <P> As of yesterday, the Shanghai and Shenzhen semi-annual report disclosed a total of 173 companies in the first half net profit of 25.105 billion yuan, an increase of 37.5%; In addition, 676 listed companies to make profits during the first half notice .232.6 billion yuan, an increase of 31.41%. .</ P> <P> listed companies in the external environment, stressful situations, maintaining a good performance, indicating that the market of listed companies to provide a reliable long-term healthy development of the micro-foundation. .</ P> <P> at 25, 51 securities companies to disclose the results first half of 2008, total net profit of 25.048 billion yuan, indicating that the securities and futures business institutions to withstand the test of the market, they still maintain strong profitability. .</ P> <P> These data show that in recent years to strengthen market-based systems of the direction of the work entirely correct, and effective. .</ P> <P> third, to promote the objective of sustainable development of capital market needs more urgent. .Whether building a 2020 goal of a well-off society, or the content of independent innovation building innovation-oriented country, to promote economic development mode shift adjustments are required to further develop the capital market, financial intermediation, price discovery, resource allocation ., the function of wealth creation. .This is the national economy stable and healthy development of capital markets necessary requirement for sustainable development of capital markets is the inevitable path. .</ P> <P> "star down Hirano wide, month Chung Tai Jiang Liu." .Current as well as the long-term market stability and healthy development requires that we not due to temporary market adjustments, fluctuations in the market shaken confidence in the future, should not get lost because of temporary difficulties in the direction of reform, but the problem is not due to a temporary stop the pace of development .. .Efforts to promote stable and healthy development of capital markets is a real need, but also possible to achieve; a long-term goals, but also the basis for implementation. .</ P> <P> as long as we fully grasp, careful analysis of domestic and international economic and financial situation, based on a consistent place to continue to strengthen the institutional infrastructure for the market to fully play the role of market mechanisms, strengthen capital constraints, thus improving the market mechanism of the internal stability .; as long as we from the overall perspective of national economic development and economic development of the overall requirements, the greater efforts to improve the market structure, improve market quality; as long as we pay more attention to actively and steadily push forward financial innovation, improve the functioning of markets; as long as we pay more attention to and actively adapt to market requirements .innovation and adjustment forms of regulation, capital market to maintain long-term stable and healthy development of the situation, we will certainly be achieved. .</ P> <P>.