Stock market "panic Monday" and then shrink trillion total market capitalization of sequelae.

<P>: Http:// News, Stock Market 4, had a "panic Monday", the market value was diminished again. .Nearly 170 shares not only a four-day limit, and the sharp drop in the two cities traded yesterday to nearly 1,200 billion yuan. .How to quell "irrational panic", all in the eyes of the market imperative. .</ P> <P> According to "Business News" reported that the last three trading days last week, the market's ups and downs is to adjust the stamp duty policy was seen as the rapid response after the market, which is to adjust previous stamp duty .policy will appear after a normal phenomenon. .But the market did not expect the parties is actually two cities yesterday, with nearly 1,000 shares (including A, B shares) rapid limit, the Shanghai Composite Index, Shenzhen Stock day drop of 8.26%, 7.76%. .</ P> <P> Investment Foreign Trade University of Finance and Professor Guo Min, said: "The government increased the stamp duty is a legitimate act, a certain positive effect. But operating practices point of view, investors should first adjust expectations, .is to first give a warning. "</ P> <P> Guo Min that, after the stock market is indeed a structural foam, a consensus among scholars, so in this context, the central bank repeatedly shot macro-control policies, but .did not play a significant role. .</ P> <P> Shanghai, a research director of the investment fund means: "to say the risk warnings, in fact, have a lot of warning. But some scholars shouted no risk, the hub of five ran six, and even the million points. These sounds confusing .those warnings, the market just listen to good words, do not go back to red, resulting in only resorted to 'a sudden increase taxes' this move. "</ P> <P>" poor awareness of the risk is small and medium investors in common, which .stock market regulators to reduce the need for heat, risk control, stamp duty is the direct means. "Guo Min said. .</ P> <P> appears in the Guo Min, stamp duty from 1%. .Adjusted to 3%. .This level of increase is "a little big", "but has no effect on the performance of listed companies, only to control the market heat, the high turnover rate down, so that small investors do not avoid the risk of frequent trading." Guo Min commented .. .</ P> <P> It is understood that the three trading days last week after the Stamp Tax, the Commission has drafted a joint Ministry of Finance and central bank policy on stamp duty on the interpretation of documents, including the purpose of adjustment of stamp duty, stamp duty and the regulation of international operations .the practice of stamp duty and so on. .</ P> <P> drafting of the document was intended to calm the panic on the market so that investors correctly understand the meaning of the policy to adjust the stamp duty. .Securities News 4 in the three published simultaneously on the stamp and the editorial content of the relationship between the stock market, the market is not the relative calm down. .Reality once again beyond the imagination of policy makers. .</ P> <P> "I think that there is no need to explain our policies, but rather changes in the market before making a decision should wait and see." Guo Min said. .She believes that if you publish an explanatory document, investors will once again this explanatory paper as "good" and total commitment, "This will again misleading the government should play down the effects of the market, can not let the Government's statements as the stock market ' .vane'。"</ P> <P> reported that China's stock market index soared in the process, the line became a securities business department to open an account common scenes. .Statistics show that before: As June 1, 2007, the total number of accounts in Shanghai and Shenzhen 102 264 100. .Which individual stock account of the total 99.57% (May 25 statistics). .</ P> <P> from the China Securities Regulatory Commission's data also show that the first four months of this year, the cities A shares changed hands four times on average, of which Shanghai A shares was 392% turnover rate, deep .A stock market turnover rate 437%; April average daily trading volume the stock has reached 233.9 billion yuan, almost equivalent average daily trading volume in the first two months combined. .</ P> <P> "market risk has been great, to curb excessive speculation, control means must be used to squeeze the bubble, so that the healthy development of the stock market, which is the protection of small investors, regulators as a necessary measure." .Guo Min said. .</ P> <P> Guo Min respect, ups and downs of the stock market regulators and investors is mutual education and the game process. .This is the meaning of education, through policy regulation so that investors know the stock market risk does exist; and investors and regulators, the game is manifested in the specific information disclosed in the Securities and Futures Commission Securities News also published three of the stamp duty "rectification of names ."the article, investors still do not buy it, and the emergence of a record slump. .</ P> <P> "I think the small investor protection one of the most fundamental premise is that the market's health." Guo Min said that the market health, including the share reform process and the supervision of listed companies, including .the correct orientation of such policies. .</ P> <P> after regulators stepped up straight on the punishment of illegal activities, Hangxiao Steel case, fund managers "Rat" and in the backdoor listing broker violations are in a very short time, rapid .filing and rapid investigation. .Guo Min that, in addition to these, the policy also has the duty to combat speculation and ensure the healthy development of the stock market and positive meaning. .</ P> <P> "regulators and investors in the capital markets should learn how to control the game, how to be a qualified investor." Guo Min commented. .At the same time, she believed that, at present, the share reform of the "bonus system" has not been fully released, there are a lot of good assets of state-owned enterprises is not listed, "as long as the stock market fundamentals do not change the direction of the market will go toward the healthy development of .the interests of small investors will eventually maximize. "</ P>.