"T + O" will be put on hold management considered not justified.

<P> Authorities has revealed that, although for some time, the trading system will introduce T +0 speculation intensified, but this has not been concerned with the support and recognition, T +0 system is likely to put on hold. .</ P> <P> learned that the people at the recent meeting discussed the issue T +0, T +0 that it is speculation, both the implementation of some mature markets are still examples of T +3 system, mature market .yet to limit excessive speculation, and some of us so-called "market, the level of activity is not enough" reason to support T +0 system, the lack of basis. .</ P> <P> "Shang Fulin, chairman's speech last weekend, has revealed a clear policy signal to the past and usher in the capital market a new development stage, must be confident about the future, greater efforts continue to strengthen .the basic capital market construction work. "the authority said, T +0 system clearly does not belong to the basic construction, and building and strengthening the spiritual foundation that does not correspond. .</ P> <P> the authoritative source, management has a clear understanding that "active market" as a reason to introduce T +0 system, not only insufficient, but plausible. .First, China's capital market is not lack of liquidity, compared to T +0 system, the only system of comprehensive, full-building basis, with higher investment value of the capital market in order to fundamentally solve the problem of attracting capital into the market .; Secondly, from the turnover point of view, China's A share market in recent years the annual turnover has remained at a high level, and higher than some mature market levels. .In this case, further "active market" results only further encourage excessive speculation; again, China's capital market need to establish the value of investments, investment performance, investment in long-term investment culture, and T +0 system which will form the negative .impact. .</ P> <P> addition, because the matter involves not only the T +0 trading system reform, also involves supervision, clearing, settlement and other issues, so when the conditions are not mature enough hastily introduced, the risk is relatively large. .</ P> <P> some in the industry that, while T +0 system had once been considered a good market, but analysts found, the more obvious short-term significance, while the long-term sustainable and stable capital market development, and significance is not large .. .T +0 Postponed precisely reflects the management focus on long-term care of a sustainable development of the capital market pains. .</ P>.