Wu Xiaoling: transfer stamp duty is not being inconsistent disciplinary individual officials.

<P>: Http:// newsletter consecutive fall in the Shanghai and Shenzhen, the market suffered a serious setback confidence after the recent series of signal regulators, hoping to restore and stabilize the capital market. .</ P> <P> increase the stamp duty before and after the relevant departments for the words and deeds, yesterday, the People's Bank of China Deputy Governor Wu Xiaoling in Tianjin at the "2007 China International Private Equity Forum," the said, "The Chinese government has never gone back, .only a breach of discipline individual officials, it does not represent the government. " .She said the Chinese government to take action on the stock market, the long-term intention is to make the stock market development. .</ P> <P> This is regulators, executives from stamp duty on May 30 raised the broader market plunged 6.5% increase since the first time investors are most concerned about the stamp duty is also made veiled criticisms of the "sudden" rise made regarding the position. .</ P> <P> "ensure that the market healthy" </ P> <P> 5 22, the Ministry of Finance will raise the stamp duty on the market came to suppress the rapid rise in the stock market news. .Day, several media interviews when the Ministry of Finance and the Internal Revenue Service, related official said: "To increase the stamp duty have not heard recently." .After clarification, the market continues to steadily rise, all the way from 4173 points on May 29 rose to a record high of 4335 points. .</ P> <P> but surprisingly, the May 29 night, the Treasury suddenly announced through Xinhua, the stamp duty from 0.1% to 0.3%. .The stock market has soared since the beginning of more than 50%, introduced such a measure intended to regulators in the stock market cool down the overheated. .</ P> <P> but unexpected, from May 30 onwards, the broader market slump consecutive market panic selling more than expected, to a moment this week, the stock index has fallen 15%, a large stock fell continuously .stop. .Many market participants pointed out that the market is not as off government regulation, and market slump is the main investor confidence is shaken, to some extent can be said that the collapse of the government "back on its word" caused. .</ P> <P> Wu Xiaoling said yesterday that "the stock market's short-term fluctuations are inevitable, and stock market volatility is eternal, and down is inevitable. Duration of these fluctuations is not the problem, the key issue is fundamental trend." "China .good fundamentals of economic development, the Chinese government's intention is clear macro-control, that is to ensure a healthy market. "Wu said. .</ P> <P> Wu also stressed that China's economic development fundamentals remain strong, the majority of investors want to maintain confidence in the stock market. .Insiders said that from the speech can be seen, regulators are also aware of the risk of market confidence shaken. .</ P> <P> In addition to Wu Xiaoling, the National Social Security Fund Council, vice chairman of Tianjin Gao yesterday also attended the "2007 China International Private Equity Forum," said after the good prospects of China's capital markets, long-term bullish stock market. .</ P> <P> and Gao had previously said at the end of April, the Mainland stock market boom, the social security fund to invest in stocks had the highest proportion of 40%, but taking into account market risks, the investment ratio will gradually this year from the current 35% .to 30%. .</ P> <P>.