中國股市將長期受益經濟快速發(fā)展

In recent times, global stock markets have been falling amid fears that the Greek crisis has spread to other highly indebted countries in Europe and led to the two dip in the global economy.

Due to the European debt crisis and domestic real estate regulation, China's Shanghai and Shenzhen 300 index has fallen by 20%.

How to view the current market situation requires us to maintain an objective and calm attitude.

　　過分背離宏觀經濟的情況會漸漸修正

Since the end of 2008, countries around the world have launched a large-scale economic stimulus plan, and the global economy has gradually got rid of the impact of the international financial crisis.

Although the economic recovery process has never been smooth sailing, the European debt crisis has led to a two possibility of the global economy.

Although there has been a sharp adjustment in the recent stock market in China, there has been a deviation from the macro economy. However, it should be noted that this deviation is only temporary and will not exist for a long time.

With the gradual recovery of the economy, excessive deviations will gradually be corrected, and investors should not lose confidence.

After a substantial adjustment in the previous period, although some stocks still have high valuations, the dividend yield of 68 stocks has been higher than the one-year deposit interest rate, and some stocks have gradually entered the investment value area.

As long as we keep the balance between the speed of financing and the speed of capital introduction, the market will be more stable.

In the past 20 years, China's securities market has made considerable progress.

At present, the market value of the A share market has reached 20 trillion and 700 billion yuan, which has become the second largest market in the world. Investors account for more than 130 million of their accounts, ranking first in the world.

China Petroleum (601857), Sinopec (600028), industrial and commercial exchanges and other state-owned banks have been listed, and the work of Agricultural Bank's listing is also actively promoted. The main body and most of the high-quality assets of our national economy have gradually come into the market.

From the historical experience of overseas mature markets, China's securities market should gradually reflect the actual situation of the economy in the next stage.

With the completion of the full circulation process and the establishment of a two-way trading mechanism such as stock index futures, margin trading and so on, the valuation of the A share market has gradually approached the valuation level of the mature overseas market.

In general, China's securities market has gradually become standardized and mature. As the most active capital market in the world, there are abundant investment opportunities.

　　危機過后中國經濟有望迎來較快發(fā)展

After the international financial crisis, the economies of Europe and the United States slowly recovered, and emerging countries represented by China had the opportunity to become the new driving force for global economic growth (310328).

The process of urbanization in China is far from complete. China's living conditions have much room for improvement compared with developed countries. The vast domestic market will also provide sufficient impetus for China's sustained economic growth.

In addition, after the outbreak of the crisis, oil and other resource goods prices were significantly lower than the level before the outbreak, which provided a convenient condition for China's relatively rapid economic growth.

The scope of RMB trade settlement also started and expanded in the crisis, accelerating the internationalization process of China's currency.

What is more hopeful is that with the rapid growth of the emerging economy, China will take the lead in some emerging industries.

It is foreseeable that China will usher in a rapid development after the crisis, and the securities market will also benefit from the rapid development of China's economy.