Future stock market or the stock market crash left the Olympic hidden.

<P>: Http:// hearing last week, the 3500 stock market jumped onto the point, to bring new psychological expectations of investors, but also lead to the outside world into the adjustment of the stock market is speculation. .Yesterday, came to Guangzhou to participate in the tenth anniversary of the Asian financial crisis, review and reflect on the Guangzhou seminar Professor He Liping, Beijing Normal University Finance Department received a press interview, said that using its own capital stock which is an improvement, but for the flag to the Olympic Games .predict stock market movements may be buried security risk, blindly follow the trend of the stock market will bring overall market risk. .Follow the trend of bringing the overall risk of market news: stock market, with 10 years ago What is the difference? .Liping: The stock market's overall structure has changed 10 years ago, shares of state-owned enterprises dominated the stock market, stocks that trade very little, only a small number of tradable shares, there are many stocks are illiquid, and institutional investors .not many, and now this has been greatly changed. .However, investor behavior is more mature than 10 years ago, it? .Not necessarily. .All countries in the world, investor psychology will never be reached mature stage, as China, stock investors may not be more mature than 10 years ago. .Reporter: Recently, the stock market's hot, there has been an upsurge national stocks, and even some university students were also involved, how do you view this issue? .Liping: ordinary people, including young students, have some disposable money, they know the funds on hand in the bank do not necessarily have to go way out, can participate in the stock market or bond market, which is an improvement, completely normal. .However, if this change is that the stock market investment is risk-free thing, as long as the money, their money into guaranteed sure win, obviously is an incorrect view, this understanding will further increase the overall risk of the stock market .. .Reporter: Many new investors into the stock market, and that the stock market before the 2008 Olympic Games will be held at the fire going, and this view was also accepted by many institutional investors, how do you see? .Liping: People like to use a landmark event and a stage of economic situation, market situation and that links may not be true, but also lay hidden. .The stock market is highly dramatic, there will be many causal factors play a role, simply that a claim to determine their investment behavior, it is very risky. .We should see the stock investment is at risk, should listen to different views, independent decision to invest in, the rational allocation of risks and benefits, the development of family financial planning, control credit risk, do not have to borrow stocks, or at risk. .Possible future stock market crash reporter: the causes of the current hot market that people have different views, how do you see? .Liping: There are many reasons, and many investors follow the trend of behavior. .But we must see that side of base: the domestic capital adequacy, because there are a lot of trade surplus, leading to increased external expectations of RMB appreciation, a large number of foreign trade and capital transactions through into domestic investment, and some do industry, some .into the asset sectors, such as stock and property markets; the other hand, there are many people's savings, revenue growth is also faster, ordinary investors have a certain risk tolerance increased. .The current stock of people to borrow money or small parts, but this group can not afford the stock market crash, as long as the stock market a bit volatile, have suffered a lot of pressure. .</ P> <P>.