中国股市背离刍议

A Humble Opinion on Deviation of China's Stock Market

中国股市经过十几年的发展,在市场规模和筹集资金等方面都取得了很大的成就。但中国股市在其发展过程中也出现了种种的背离,如股市低迷与宏观经济持续向好背离、市场平均股价持续走低与上市公司整体业绩增长背离、中国股市与上市公司的平均市盈率背离、政策面的利好不断与市场走势相背离、投资者收益与政府其他收入的背离、股市资金与货币供应量及城乡居民储蓄存款余额的背离等。这些背离是在中国股市发展过程中产生的问题,也应该在发展中逐一进行解决。

After over ten years of development, China＇ s stock market has made great achievements in market size and raising money. But there have been various deviations in the course of development, for instance, weakness of market deviated from a continuing better future of macro - economy, a steadily going down of average stock price deviated from increasing of whole performance of listed companies, good news from policy - decision aspect deviated from the tendency of market, revenue of investors deviated from other income of governments, money of stock market deviated from money supply and urban and rural residents＇ savings balance, etc. All the problems resulted from the development of China＇ s stock market and should be solved in it.