www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

   

More effective regulation urged for stock market

(China Daily)
Updated: 2007-08-13 10:01

China's stock market capitalization topped its gross domestic product (GDP) for the first time last week.

The explosive growth of the domestic stock market has different implications for investors and companies. Yet, for the securities authorities, it means an urgent call for more effective regulation.

Market data showed that the overall value of Chinese shares surpassed the 21 trillion yuan ($2.77 trillion) of GDP last year when the benchmark Shanghai Composite Index hit a fresh high on Thursday.

The sheer size of the stock market tells a lot of its increasing importance to the economy. By including more and more large companies, it is able to serve as a more accurate barometer.

The speed of the market's expansion in recent years is even more impressive. Two years ago, the total value of Chinese shares was 3 trillion yuan. But now, with more large-cap State-owned companies to be listed later this year, the market capitalization will rise by a considerable margin, even after exceeding the country's GDP.

For investors, an expanded market means they will have more investment choices. For companies, the increased depth of the stock market will provide them with more fundraising opportunities. However, for the market regulators, the rapid expansion of market capitalization calls for doubled efforts to check various irregularities and protect the interests of public investors.

On the one hand, the fast expansion of the market is based on an unprecedented stock boom, which has typically given rise to various market malpractices. The China Securities Regulatory Commission said last month that in the first half of the year, it had fined 16 listed companies and two brokerage firms, warned 134 individuals and banned 46 people from entering the stock market. Increasingly rampant speculative activities have contributed to the stock market frenzy that is fueling unsustainable bubbles.

To maintain investors' confidence in the market's long-term development, the market watchdog should tighten supervision to prevent such wrongdoings.

On the other hand, the increased size of the stock market also indicates it will exert a greater impact on the economy. Thus, to ensure the sound development of the stock market, the securities authorities must ensure transparency and fairness while heightening vigilance against any possible wrongdoers.


(For more biz stories, please visit Industry Updates)



主站蜘蛛池模板: 久草在线免费福利视频 | 最新国产中文字幕 | 美女操男人 | 国产精品理论片 | 2021国内自拍 | 免费一级毛片在线播放视频 | 在线另类视频 | 亚洲人成片在线观看 | 国产黄色三级网站 | 国产高清美女一级毛片久久 | 香蕉毛片a | 久久香蕉国产线看观看亚洲片 | 她也啪在线视频 | 国产精选一区二区 | 中文字幕咪咪网 | 三级com | 在线免费一区二区 | 日本特级视频 | 丝袜美腿精品一区二区三 | 成人午夜免费视频 | 美女免费黄视频 | 九九视频高清视频免费观看 | 亚洲国产一区二区三区四区 | 精品视频自拍 | 亚洲国产国产综合一区首页 | 亚洲在线视频观看 | 国产精品免费看久久久 | 欧美一区二区三区视频在线 | 日本又黄又爽又免费 | 亚洲一区二区中文字幕 | 热re91久久精品国产91热 | 国产高清晰在线播放 | 欧美另类自拍 | 久久精品视频观看 | 草草影院私人免费入口 | 一级爱 | 日本性色 | 亚洲日本中文字幕在线 | 国产精品久久久久久久9999 | 女人张开腿让男人 | 国产高清在线观看视频手机版 |