Xiao Gang'S Remarks Cited Concern About Management Risk

For now, the bull market base of China's stock market still exists.

In other words, under the background of China's economic pformation, it has become an unavoidable fact to boost the strength of the stock market.

In view of this, from the medium to long term, the bull market end of China's stock market will not end easily, but after the stock market has completed the stage of soaring prices, it really needs a large dishwashing.

Only in this way can we ensure the healthy operation of China's stock market and make the bull market go slower and longer.

Recently, the chairman of the securities and Futures Commission, Xiao Gang, has attracted much attention from the market.

He said that the new market investors should fully estimate the risk of the stock market. We should be cautious in investing, do what we can, do not follow suit, and do not follow blindly.

Some commentators believe that this may indicate that management's attitude towards the current stock market has gradually changed.

It is undeniable that China's stock market is a typical "policy market".

In practice, the influence of policy can not be underestimated.

Before and after July last year, the management gradually released the signal to boost the stock market, and quickening the pace of "opening to traffic" between Shanghai and Hong Kong.

At the same time, with the gradual warming of the policy environment, the scale of the two businesses of the market has also seen a trend of rare growth, and has led the stock market to go out of the market.

By December last year, China's stock market had reached a new high level, and the Shanghai composite index had touched more than 3350 points.

But at this time, management's attitude towards the stock market has changed significantly.

Among them, management has further accelerated the "deleveraging" rhythm of the stock market, which has led to a high and volatile stock market.

However, after more than two months of adjustment, that is, after the Spring Festival this year, management's attitude towards the stock market has changed again.

From the position of the governor of the central bank to the statement made by the SFC officials, and then to the mainstream media, the positive impact of the stock market on the economy has gradually been recognized by management and all sectors of the society.

As a result, the stock market has increased rapidly and has reached a new high level in recent years under the backdrop of a warmer policy environment.

It can be seen that the quality of policy environment determines the final direction of future market.

At the same time, the policy environment also has immeasurable impact on the market's new liquidity.

In other words, once the policy environment is reversed, it will also lead to a decline in enthusiasm for new liquidity flowing into the stock market.

The author believes that Xiaogang suggests that the stock market risk is expected.

However, Xiaogang's remarks did not presage a radical change in the policy environment of the stock market.

Specifically, in fact, behind the remarks of Xiao Gang, he has hidden some unknown information.

On the one hand, Xiao Steel's statement is on the surface to warn of market risks, but in fact it is a reminder of the excessive market.

This may be the ultimatum for highly speculative varieties such as gem.

On the other hand, Xiaogang's comments have more or less recognized the current situation of the stock market and indirectly encouraged the market value investment behavior, which indicates its incentive to the weight blue chips and expects to guide the funds to gradually return to these varieties.

Perhaps, the 4000 point has become the central position of the stock market in the new era.

For now, management has revealed the stock market's real economy.

It will also become a matter of probability for the stock market to continue to boost the stock market in the future.

"Eating with the policy" is the ability that investors must have.

Obviously, when management has repeatedly reminded investors of excessive speculation in small and medium capitalization stocks, investors need to change in time.

As far as possible, avoid the small and medium priced high priced stocks that have been hit by the market.

I believe that the current stock market has accelerated significantly.

At the same time, acceleration of oil, steel and other weight plates also implies that the market has entered a stage of accelerated acceleration.

At this point, when the market is approaching the stage of high point, investors need to change their investment thinking and adjust their positions rationally in order to prevent the risk of the next sharp shock.