The night of January 8, the overseas edition of people's daily app public "Knight island" journal article, said sitting in the seat of the Chairman of the SFC, like the feeling of sitting by the fire, took office on March 17, 2013 so far, Xiao 1027 days has been sitting on a volcano.
There is a story in the romance of the three kingdoms. Sun Quan kills Guan Yu, worry about Wu-Shu Alliance ruptured, he wrote to Cao Cao, advised him to proclaim oneself Emperor, very kind words. De Montespan is old, but not confused-"view laughing show happy, saying: ' is to make my living on the fire, Yes? '"
In China, it can make people feel sitting on the fire position, if there is, I'm afraid there is a certainly is the head coach of the Chinese men's soccer--this is not, today, the French called Perrin sadly resigned. The other, I think, I am afraid, is the Chairman of the SFC has this seat. But media described more literally: down like a crater.
Two a posts of have in common including but not limited to: are has base great of eyes at with, just a input of is really gold silver, a input of is feelings (sometimes also will has really gold silver); rule Xia of main business, everyone seems to are not too satisfaction, their are has their complained of reason; daily are has lovers in professional of Forum Shang refers to with this two seat said "he can instead", repeated Xiang Yu story; in China of soil are not is mature; recently years also are has related of led into has chant.
One
From March 17, 2013 to date, Xiao has been sitting on a volcano 1027 days.
Office early, suffered "Everbright Black Dragon refers to" event, zhihou quick to punishment has a brokerage, and listed company and practitioners; heavy kai has IPO, hundreds of home enterprise success listed financing; 2014 up, rule Xia a wave market go cattle, last and in 2015 evolution into black of unit disaster; in Shanghai and Hong Kong pass eventually landing, Shenzhen pass also looked have see has; financial anti-corruption wave in the, team in a Deputy President, and a President Assistant was check, under also some Division Council at cadres Lok Ma, CITIC is on the market as a representative of the national team staff and taken by the judiciary in drama as a representative of private power; pushing the registration system may be available early this year, but the beginning of the 4 fuse 4 days, make all hand turned into a joke ... ...
Forestallment of climbing, and storm, and work really hard to do. Philosophy textbook PR in our ears: "the prospects are bright, the road has twists and turns. "
When last year's stock market bullish, as long as he appears, someone asks, "Shaw President when stocks 8,000"; when the stock market crash, investors shouted slogans. Charles Li, Chief Executive of the Hong Kong exchanges and clearing limited group but, questioned: "yesterday after the stock market, is full of a wide variety of online, Shaw President by someone from work, this thing should be accountable, Xiao gang, why don't you give him a little when you paid? The China Securities Regulatory Commission's work, you are not up on the one hand you want to scold, slightly up, get listed companies took a little money. "(June 27, 2015)
In 2003, Xiao gang, 45 years old. Transfer to the Bank of China Chairman and President, high-spirited. Organization Department of doors on its evaluation is: "energetic, decisive, simple style, familiar with the macroeconomic and financial business, reform and innovation consciousness, good research, organization and coordination ability. "
13 years in the past, Xiao gang, black hair has turned white. Media saw a night alone in the dining hall of the SFC that he perhaps "walking on thin ice" heart mirror.
Two
"Ruan Sizong to caution, sitting with them, said Xuan long, never comments on different characters were. "Nothing to talk about metaphysics, don't tell people, cautious to the extreme, this is jinwenwang on Ruan Ji's evaluation – although in our mind, seven sages of the Bamboo Grove is drunk go naked, don't worry, eat five stones dressed in robes and large-sleeved thermal demeanor.
Uncle often admire the character of the island, that souls intersect.
Evaluation police organ of work effect, we can see this city of security situation how, crime how many, detection rate how many; evaluation Ann prison organ of work effect, we can see mine mills of units output mortality how many, accident occurred rate how many; evaluation China soccer coach of work results, we can see he has no playing into Asia Cup took has subsection several, have playing into World Cup, total of record is how many......
SFC's work and if so can quantify just fine. Stock market up 1000 points, rating to a + at the end, everybody happy holding home; the stock market off 1000 points, rating to b-, comments written on "the comrades still need to work hard", and so on, easy.
Life, after all, not first, not as much as the broader market points.
However, although there is no such simple quantitative way, but always a set of evaluation criteria.
For example, as the regulator of the capital market, first of all, to protect the safety and healthy development of the market, play a role in protection, rather than paternalistic leadership; and when a problem occurs, you need timely information on vocals, disclosure and operational means, guarantee periods of fluctuation in the market through to ensure the basic smooth.
In other words, for the stock market, on the one hand, to do the "expectation management"--for example, reduction of the ban is about to expire, the market mood, a timely exit policy, so as to avoid market panic Stampede on the other, to do "market regulation", in quotes comes not to let share prices rose too fast, stimulate the reduction of shareholder cash in and lead to more inexperienced "Leek" flood the market.
In short, the play is a rhythm. When and what words, what kind of policies, like lightly turn the steering wheel when turning left, turning on the right continue to gently steering wheel-turning-if you walk 100 miles to see a steering wheel and killed, think also know the consequences.
If something a bit more sophisticated, is probably the que's two older brothers: or treatment of minor illness or treatment of disease. Than textual level of doctors, presumably like a football field that "fire coach" or "Tinker", better at remedy, headache when the feet hurt when prescription is always the same.
And once again the skill point, may be open to Dick Jones ' drug, or go to the clinics next door to see prescriptions sounds good to take back to their patients. Also many in China think this happened.
Three
"Only the truth of all things farthest away from us."
Van Loon wrote in the Catholic. In his works, spent hundreds of years of human time, was generally accepted until the country and people of religious faith "no one has the right to force others into this or that Church" the right idea; but if you want to make "the stock market is not a casino" concept in China, I am afraid, not just the passage of time can do things. After all, people didn't start out to be a very bad thing, right?
Problem does not just the passage of time. In China's financial system is not perfect, regulators almost with van Loon said from the market background, stock market overnight also, of course, impossible. The latest released version of population and
Like, to launched of registered business reform, phase more Yu zhiqian efficiency lower and has found rent space of approved business, can said is great of revolution--approval right from SFC decentralization to Exchange and brokerage, overall conducive to company financing and stock price of reasonable development, but now of policy reserves looks also rarely; futures market, and derivative products market of products rare, objective Shang also limit has investment of channel and trading of technique; for "short" "long" of understanding not in place, also may produced out "goodwill short" of ridicule ; Administrative will attach, the real economy of ischemia with superposition, transformation and upgrading of power, policy and regulation of cycles, I'm afraid regulators within a short time of monitoring and management technologies also are difficult to place.
On this basis, we discuss some of the issues and will have a value of: foreign countries applicable to the T+0 market, while disclosure mechanisms more perfect and reasonable valuations generally, fusing mechanism under the background of relatively sophisticated investors, is suitable for getting T+1, PLM, prone to asymmetric information market Stampede China market? "New money", whether listed companies is contributing to money of the hedge and then quit, whether there's room for improvement on the mechanism? ……
And that is exactly what regulators should do things. Regulators have no obligation to make each shareholder is happy to make money, but there is an obligation to ensure that market rules of the game in this market transaction, exit have the obligation to make appropriate action at an appropriate time and in an appropriate manner, protect the interests of investors and listed companies. In a market-oriented manner to protect markets, regulators should first do well versed in marketing--known in the market, market psychology, trading rules, practices, and even the existence of flaws and loopholes and so on. Otherwise, I am afraid, just like illness over the Chinese Football Association, even if world champion coach, please, it is difficult to let everyone calm down "what you can't" question.
Who are not easy-but, who easily?
I remember the romance of the three kingdoms. After Zhuge Liang's death, wuhou Temple in Chengdu is the famous area attractions. Under the thousand years, countless people inside inscription, do it right. The most famous one, who was stopped by Mao Deng looked at for a long time:
"Unquote fance from extinction, from ancient known non-belligerent;
Punishment without trial potential false positives, Zhi Shu later thought. "
No comments:
Post a Comment