Registration System Is Not A Scourge. Everything Is Missing.

The national two sessions are coming to an end, and the task of maintaining stability is about to be completed.

Although the index is not so good-looking, but considering that violence is basically based on one person's efforts to win the market, who can bear the heart to say sarcastic remarks? Therefore, even the most bitter stock commentators have been silent during this period to pay tribute.

Violence is not easy, Liu Shiyu is not easy.

As a newly appointed chairman of the SFC, where Liu Shiyu goes, he will attract everyone's attention and go to Hongkong regiment, and the upcoming three session of the chairman's press conference will almost certainly be the focus of attention.

Water skin can be responsible to say that if the director general of the SFC and the CBRC and the CIRC fail to communicate well, then the press conference will probably be sung by Liu.

From the rule of law, there is no market for the two sessions. If there is, then there must be an early offensive to the spring, and if not, then the two sessions may fall, because there will be many misunderstandings in the meeting, and any draft proposal may be misread, causing market fluctuations; and the two sessions originally let everyone participate in politics and politics, not only can not block the mouth of others, but also respond, even if coordination, how can we ensure that the caliber is the same.

The water skin of the "water skin talk" program before the two sessions has reminded everyone that the registration system will be suspended. Now, everyone knows, Li Keqiang's government work report does not mention it, but "

In the plan, it is mentioned that it is necessary to create conditions to promote registration system. The combination of them is also the same meaning. At least, the conditions are not ripe at present, and if we want to do it, we can not make it.

Although the State Council has authorized, but the preparation of policies and regulations will be a long process, but if you want to let Liu Shi Yu explicitly tell you that the registration system is not allowed to be postponed, why not conform to the rules.

The State Council just received the authorization of the National People's Congress two years ago. In a flash, it announced that it was postponed. It was early to know why today is the first time. Liu Shi Yu's new official could ignore the old matter, but he could not make the decision for the State Council, otherwise it would be hard for him to make him uncomfortable.

Some things can be done and can not be said.

It was all a matter that could not be passed around; therefore, when the meeting was held, GUI min Jie refuted the rumor. Li Chao also retorted reporters. Before the meeting, more articles circulated on the Internet were made by using the name of Liu Shiyu, and the registration system became a thunder in fact.

The registration system has been put forward in the the third Plenary Session of the 18th CPC Central Committee report, which lasted for more than two years. Li Keqiang announced the implementation of the government's work report last year, and at that time the bull market enthusiasm rose and the index hit 5178 points. Therefore, the registration system is unacceptable to the Chinese stock market. Logically, however, if the registration system represents the direction of marketization, why do the investors become more frightened and talk about changing colors?

There is a saying that there is no truth, that is, under the auditing system, it is difficult to cheat. How can we believe that the registration system is unscrupulous?

The arrangement is not objective. For example, the delisting is still a heavy thunderstorm and heavy rain. For instance, collective action is hard to get through today. The cost of illegal activities in the securities market is too low. The strength of the SFC investigation is never seen. The cases announced last year are the sum of the past few years, but basically based on fines and limited effect, how to make investors "responsible" under such a law enforcement environment?

To be sure, from the audit system to the registration system is a technical pfer, that is, the decentralization process of the power from the meeting to the inside. The meaning is big, and it is not big. Whatever the system is, the SFC will be responsible. The authenticity of the information disclosure must be examined in substance, and the registration system in the US is also true.

In the final analysis, investors are not afraid of the registration system. Rather, they are afraid of the wrong mouth and the wrong way. The market has fallen into the abyss of perdition. The reason is to tell everyone how to dispel everyone's worries. This is Liu Shiyu's main task. As for the specific timetable of registration system, it is not necessary to care too much. This is a natural process.

To put it this way, there are advantages and disadvantages to postpone this. The disadvantage lies in increasing uncertainty. As Pandora's box is, if it is opened, it will be better to have a short pain than a long one.