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Wang Jianxi: Some Of The Blue Chip Stocks Are Also Bad.

2012/3/10 16:27:00 20

CPPCC National Committee member,

China Investment Corp

Wang Jianxi, deputy general manager and chief risk officer, said, "I personally agree with the value investment philosophy advocated by the chairman of the securities and Futures Commission and the blue chip investment direction advocated by Guo Shuqing."

In his view, there are many factors that determine the price level of the stock market. It is hard to say whether the blue chips will form a sharp rise pattern, but the market concept of value investing is worth promoting.

However, Wang Jianxi also proposed that we should treat the concept of blue chips dialectically.

He said, "even with blue chips, there are some blue chips that are bad at the moment. There is no way to invest and do not perform well.

But according to my understanding, the blue chip investment advocated by President Guo Shuqing does not mean that any stock can be invested in a blue chip cap.

He believes that for small and medium-sized shareholders, from the perspective of value investment, it is to invest in the long term, do not spend much effort to hype the stock market edge.

Although these stocks may fluctuate a lot at a time, short-term speculative earnings may be relatively large, but ultimately it is still difficult for small shareholders to make profits in complex market games.

Small and medium investors should stick to long-term investment and grow together with high-quality blue chip companies.

Small and medium-sized investors can enter the market? Wang Jianxi said that from a price point of view, the Shanghai Composite Index [2439.46 0.79%] rose from the previous 2100 points to about 2400, it should be said that the P / E ratio is still relatively low, with a certain investment value.

But from another point of view, there are still irregular places in the stock market. Investors still need to be cautious.

"Chairman Guo Shuqing talked about protecting investors vigorously. My understanding is that in the market contradiction, regulators should change the situation of executives and investors' rights in listed companies, and change the weak position of investors and improve the governance of listed companies."

For now

Gem

The lifting of the delisting system is under way, Wang Jianxi said. When Zhou Xiaochuan became chairman of the SFC, it had already made arrangements for the delisting system of the main board listed companies, but after all, the system construction had a process. Some of the listed companies also had a conflict, and subsequently made ST, *ST and other system design.

Later, these enterprises became the theme of market speculation.

Therefore, how to improve the main board delisting system still needs the SFC to accelerate.

Wang Jianxi believes that the problem of creating wealth in the growth enterprise market is more prominent.

He said that a healthy stock market should be able to raise funds for enterprises, and enterprises can develop smoothly after they get the funds they have got, and then they will get profits and return to investors to achieve a win-win situation.

"Now GEM companies are listed on a high price earnings ratio. After a large sum of money has been invested by enterprises, executives have also withdrawn from business, lacking the necessary constraint mechanism.

This reflects that the growth enterprise market system needs to be improved and the governance of listed companies has a long way to go.

For this year's Listed Companies Dividend significantly increased, Wang Jianxi believes that some enterprises may meet the regulatory requirements, dividends dividends higher than in previous years, but in the long run, dividend income is also an important source of income for investors.

If the listed companies do not pay dividends for a long time, they will make investment decisions at will.

The dividend system is to reverse this pervasive adverse situation. The key is to urge enterprises to set up a sense, that is, to be entrusted by others, and to do well in accordance with investment plans, on thin ice, and conscientiously doing business.

about

Old-age pension

The market entry problem, Wang Jianxi said, from the perspective of large institutional investors, the more standardized the securities market, the greater the possibility of pension market entry.

On the contrary, the more Wilder the securities market is, the more anxious the social security departments are.

For the specific market entry time, he believes that it depends on the degree of awareness of the social security departments and other aspects of the securities market and the degree of standardization of the securities market itself.