The A Share Market Shock Will Intensify And The Risk Will Become Cannon Fodder.

From the point of view of currency, investment direction and market mentality, A shares have the conditions of taking cattle, but the basic system and credit mechanism do not have the foundation of cattle. Therefore, this is only a severe shock, and only trained Cowboys can control it.

If the basic system reform is not carried out, it will be hard to tell the future.

Shanghai Composite Index stands at 3900 points in one breath and one way up.

The stock market went up because all the concepts were in it, and the stock market became the only straw.

The de leveraging of physical enterprises depends on the stock market, and China's economic restructuring depends on the stock market.

When investors no longer increase real estate, the main investment target is stock.

Capital has entered the stock market continuously, and securities companies have been busy opening accounts, and they have been laughing at making financing and matching funds.

According to Wind information data, the two balance of A shares in April 1st was 1 trillion and 518 billion 391 million yuan, an increase of 24 billion 475 million yuan.

Shanghai and Shenzhen two cities that day, the amount of financing to buy 178 billion 670 million yuan, accounting for nearly 15% of the total turnover of A shares, the day the amount of financing repayment is 154 billion 596 million yuan, margin selling volume of 2 billion 173 million 42 thousand and 200 shares.

In the week ending April 5th, the Shanghai Composite Index rose 4.68% in the week, and the scale of the stock market in the Shanghai stock market exceeded 600 billion yuan, the highest level in history.

All kinds of financing funds enter the market, and the SFC can see the handling of the two financial brokers who violate the regulations. Large investors do initial shares and Hong Kong stocks.

The actual situation may be more serious.

In April 5th, according to the media, the amount of capital inflows into the capital market through a bank channel accounted for half of the investment.

After losing the two powerful money making machines of real estate and manufacturing, the stock market has become a depression of capital flow.

Corporate finance has undergone fundamental changes through the stock market, or hanging board or private placement, and banks have begun to pform.

Some analysts have aimed at the interest rate liberalization, the deposit insurance system after the establishment of more than 40 trillion yuan of deposits, more than 15 trillion yuan of financial products, as well as RMB internationalization gate, pension after entering the market trillions of funds.

When the stock market is burning like oil, institutional improvement must catch up.

At present, the marketization registration system, the delisting system and the class action system have not shown their power yet.

Regulators feel the heat of the market and start adjusting the pace.

In April 7th, the people's Daily reported that IPO was issuing faster.

Since the beginning of this year, the SFC has issued 98 enterprises.

Approvals, more than 94 last year, and the number of releases is increasing month by month.

But this does not seem to reduce the heat of the market.

In April, 30 enterprises with approval were expected to raise the scale of financing under 1 billion yuan, and the total sum of 30 enterprises was far less than 20 billion yuan.

After the 24 new shares issued in March, the actual fund-raising was 21 billion 500 million yuan; in February, 24 new shares were issued, the actual fund-raising was 14 billion 600 million yuan; in January, 20 new shares were actually raised 9 billion 600 million yuan.

Moreover, due to the policy of enabling new investors, the current IPO price is artificially suppressed, making the premium rise after listing.

China Economic Net reported that the records of Orient fortune net were restarted in June 2014, and in March 27th this year, the average growth rate of new shares was up to 126% after 20 days, while the average yield of new funds in 2014 was over 8%.

For some investors, it is a good opportunity to fight new opportunities.

On the other hand, though

The delisting system is in the lead, but the bow that has been stretched for a long time is very slow, and it is not enough to warn the market risk.

Since late February 2001, the implementation of measures for the suspension and listing of loss making companies has been less than 10.

In November 16, 2014, the reform and perfection of the listed companies were strictly implemented.

"A number of opinions" came into effect. After the introduction of the new delisting system, at present, only *ST Bo Yuan and other listed companies are facing the risk of real delisting. *ST double initiative to withdraw from the market failed.

As for the protection of investors' interests, we can see that the difficult way to safeguard their rights and interests is that the treatment of rights investors such as FSL is hard to deal with.