影响中国A股市场中长期若干因素分析和预见

Analysis of the Mid-long Term Influential Factors on China′s A-share Market

鉴于国内国际经济形势的变化 ,我国今后很有可能启动积极的财政政策 ;投资基金的超常规发展 ,市场将更加注重理性投资和价值发现 ,对投资基金的期望值不要过高 ;降佣对券商是一次生存的考验 ,它必须通过差异化服务去争取更多的客户 ;中国入世对上市公司的影响值得长期关注和研究 ;中国 A股市场的扩容压力仍然很大。

In view of the economic changes both home and abroad,it is most likely that China will start active financial policy.As the investment fund develops above the normal speed,the market will stress greater importance to rational investment and to the value discovery.So people should not expect more from the investment fund.Reduction of commission fees is a testimony to the securities dealers.So they must try to gain more clients through diversified services.Long-term attention should be paid to the influences on the listed companies imposed by China′s entry into WTO.