Strengthening synergy and cohesion to boost stock market confidenceUnder the effect of "combination boxing", the pace of long-term capital entering the market is accelerating. According to the latest data from the State Financial Supervision and Administration, as of the end of the third quarter, the balance of stock allocation of life insurance companies was 2.18 trillion yuan, accounting for 7.55% of the balance of capital utilization of life insurance companies, up 17.24% year-on-year; The balance of stock allocation of property insurance companies was 150.6 billion yuan, accounting for 7.05% of the balance of capital utilization of property insurance companies, up 14.89% year-on-year. In addition, institutional data show that social security funds and basic endowment insurance funds are also increasing the long-term layout of the capital market.
Guiding listed companies to strengthen market value management has become an important work content of the CSRC, SASAC and other departments. Recently, the CSRC issued the No.10 Supervision Guideline for Listed Companies-Market Value Management, which requires listed companies to improve their operating efficiency and profitability on the basis of improving the company's quality, and to use merger and acquisition, equity incentive, employee stock ownership plan, cash dividend, investor relationship management, information disclosure and share repurchase in accordance with the actual situation in accordance with the law to promote the investment value of listed companies to reasonably reflect the quality of listed companies. The State-owned Assets Supervision and Administration Commission of the State Council said that it would "further study the incorporation of market value management into the performance appraisal of the heads of central enterprises".Zhang Yuewen, director and researcher of the Capital Market Research Office of the Institute of Finance, China Academy of Social Sciences, believes that measures should be taken to enhance the attractiveness of the capital market, increase the strength of long-term capital entering the market, and strengthen the incentive and guidance of long-term value investment behavior from the perspective of facilitating long-term investors.Xinhua News Agency, Beijing, December 10 th, china securities journal published an article on the 10 th, "Re-synergy and cohesion to boost stock market confidence."
On the one hand, multi-departments exert joint efforts to ensure good laws and good governance in the capital market from the system. In June, the Basic Rules of Administrative Punishment Discretion of China Securities Regulatory Commission (Draft for Comment) was publicly solicited for comments; In July, the General Office of the State Council forwarded the Opinions of the CSRC and other departments on Further Improving the Comprehensive Punishment and Prevention of Financial Fraud in the Capital Market; In August, the Economic Crimes Procuratorate of the Supreme People's Procuratorate issued the Answers to Relevant Questions on Handling Financial Fraud Crimes and the Provisions of the State Council on Regulating Intermediaries to Provide Services for the Company's Public Offering of Stocks (Draft for Comment) for public comments.Strengthening synergy and cohesion to boost stock market confidenceZhang Yuewen, director and researcher of the Capital Market Research Office of the Institute of Finance, China Academy of Social Sciences, believes that measures should be taken to enhance the attractiveness of the capital market, increase the strength of long-term capital entering the market, and strengthen the incentive and guidance of long-term value investment behavior from the perspective of facilitating long-term investors.
Strategy guide 12-13
Strategy guide 12-13
Strategy guide 12-13