To restore market confidence in the key?.

<P> Shanghai and Shenzhen A shares on April 1 suffered another blow to the short side, stocks fell more than 9% to 822, more than the day of trading A shares half of the total. .Good macroeconomic fundamentals, steady growth in performance of listed companies, share-trading reform the context of initial success, A stock market crash that apparently irrational behavior of a continuous, which fully shows the confidence of investors has been extremely lax, and if .Failure to take timely measures, the hard-won results of the share reform is likely to crash destroyed by such non-rational. .</ P> <P> It http:// information, from understanding the information, the market loss of investor confidence is mainly due to concerns on the following three questions: First, concerns about the macro-control; second is worried about the size of .non-reduction, the new capital to keep up with the stock market to increase the speed of chips; third is fear that the interests of shareholders is inconsistent, there will still be the major shareholder actions violated the interests of small shareholders. .It is for these three worry, investors do not see management give clear at the time expected, will produce sell into impulses, which a "not good is bad" continuous sell into the irrational behavior. .</ P> <P> view of this, to restore investor confidence, investors have to eliminate these three concerns. .And to eliminate these concerns, all levels of management must first act in the face of new problems and new situations, new circumstances, timely adjustment of policy guidance to address the issue and actively research questions, and can not take a laissez-faire attitude. .Such as last year, "5.30", many of the policy is to pressure the stock market, substantially increased the stamp duty on the market that is typical of cases has been extremely popular in the current market downturn, a policy like this should be timely adjusted. .</ P> <P> In fact, the departments concerned or very concerned about the current stock market, and for the market of new problems and new situations have done a lot of work. .Large listed companies such as re-financing, although this is only the individual company behavior, but the relevant department or to take timely action, and its strict check, the current practice seems to have been a huge problem refinancing to a standstill. .</ P> <P> to restore investor confidence in the market, the relevant departments to only one aspect of improving the quality of investors to own is also very important. .As a high-quality investors, should have a strong ability to distinguish right from wrong, the rumor on the market can be screened in order to avoid blindness in decision-making. .As a sophisticated investor should believe that the Chinese government on the economy with a strong regulatory capacity, the history of control are conducive to long-term development of China's economy, and are conducive to growth of high-quality performance of listed companies. .In addition to the Chinese capital market regulatory framework and supervision capacity, investors should have confidence in care of the interests of investors to believe that management's determination and ability. .</ P> <P> to restore investor confidence in the market, but also a transparent information transmission mechanism. .The size of the market concerns of non-reduction, for example, the existing information disclosure regime is yet to be improved. .Can not be implemented such as the size of non-reduction of pre-disclosure system, so that should not pre-announced reduction of the size of the reduction of the amount of people is conducive to investment-related value of the company make the right judgments; can not be implemented such as the reduction of the size of non-clear announcement .After reduction of the size for those who Definitely Liangliang Xiang; another example, such a provision can not be implemented, that a certain percentage of reduction of the size of Africa, over a longer period shall not engage in investment in the industry, so the size may be able to avoid .Non of the cash flows. .There are companies for large non-reduction is not Refinancing should also be more strictly regulate it? .</ P> <P> transparent information disclosure system to stabilize investor confidence. .Non-reduction of the current size of the turbulent market rumors, but in fact this figure there is a big discrepancy. .It is understood that, as of the end of February 2008, Shanghai stock market may be reduction of 92.8 billion Chunghwa Express Corp shares (including the starter or the placing of additional shares under the net), but really only sell 28.6 billion shares, which reached a small non-selling 240 .million shares. .This data indicates that large amount of very weak non-reduction, although a small amount of non-reduction of the proportion of high but only 39%. .And to March, with the index's decline, the size of the reduction will not have signs of abating. .If these data can be disclosed in a timely manner, perhaps for the size of the non-market would not be fear of such an extent now. .</ P> <P> to restore investor confidence in the market, but also to strengthen the cultural development of capital markets, securities companies should be organized regularly, executives of listed companies, the basic knowledge, the popularity of the stock market culture. .Many people do executives think they are experts, in fact, often do not pass even the basic knowledge. .Therefore, enhanced investor education at the same time, the market parties, including managers, executives of listed companies are required to culture and education, which will help maintain market Sangong principles. .</ P> <P> split share structure reform aimed at eliminating the effects of China's capital market development, institutional barriers and promote orderly capital markets, efficient and healthy development. .We imagine that a serious lack of investor confidence in capital markets to fulfill the historic mission undertaken by the share reform, so the vast majority of companies to complete share reform on the price of the share reform is more difficult to enter a critical stage, the market parties need .out wisdom, come up with enthusiasm and care of a smooth transition to the Chinese capital market, circulation times, the rise of China in the 21st century to become an important financial platform. .</ P>.