Management warned not to hit the city, the Fund will have a major rescue policies

Pao, 6 June reported that, according to sources, the China Securities Regulatory Commission Chairman Shang Fulin and Deputy Chairman of the GUI-Jie recently held in Beijing in joint meeting of the twenty-ninth session of the Fund, recently pointed out that there will be major rescue policies. Management will soon introduce positive policies including allows public companies listed on the repurchase, allows to expand the Fund bought into the city funds, the dividend tax incentives established investor protection fund, approved the establishment of a fund company commercial bank and so on.

Shang Fulin believes that market value primarily by the intrinsic value of companies, equity division reform does not affect the company's intrinsic value. Current weighted average stock price-earnings ratio is 15 times, CSI 300 index of price-earnings ratio is 12 times the stock price-earnings ratio of 50 index is 12 times earnings, the stock market from has great investment value, we cannot give up the idea of value investing.

GUI in his speech, minjie warned not to hit the city Fund, the Fund should be made on the stock market and rational judgment for rational behavior, Exchange will fund only conduct supervision in.

GUI minjie said, the recent major initiatives will be introduced below. First of all, will allow for the repurchase of own shares of listed companies. He said, some listed companies on the stock price has gone down, we have to repurchase its own shares, we will approve their own company's investment behavior. Second, it allows companies to buy Fund, but we will require them to hold the Fund to a certain time limit, cannot sell this buy out. Third, will expand into the city funds and mobilize other institutions in the city (he jokingly referred to as the allies). He said that it could not be said that the market eyes are gold, gold, in city funds will have an opportunity to make money. Fourth, will implement the dividend tax concessions. Fifth, we will set up investor protection fund, and the quantity will be very large. Sixth, the approval of the Bank set up a fund company.

GUI minjie says, "these are the short-and medium-term initiatives to be launched. I dare not say that these measures are not quench your thirst, but I believe it will have a positive meaning. ”

GUI minjie calls for domestic Fund to have vision, said QFII as they can from a higher level and a more comprehensive perspective, he said "I'm not saying that our domestic Fund no, but there should be a long-term view, stand on a higher position on the issue. ”

In addition, the GUI minjie blame this meeting some agencies paid enough attention to, he says, "this important meeting is only sent a cadres attend, was not important or otherwise, I see you return a product when motivated right now!"

On the share-trading reform the negative views and freedom of speech, GUI minjie blame a lot of people go to extremes. He asked everyone to a common understanding, article 9 of the State of understanding.