A股新常态 “慢牛”启航

China's stock market value surges

12月9日至12月11日,中央经济工作会议在京举行。这个有着宏观经济政策风向标之称的会议认为,我国经济发展进入新常态,正从高速增长转向中高速增长,由此认识新常态、适应新常态、引领新常态,是当前和今后一个时期我国经济发展的大逻辑。A股新常态,当然不能简单解读为只涨不跌。多位接受《中国经济周刊》专访的业内人士透露,目前,一整套的货币、金融、财政改革举措正在为新常态下的A股发展夯实根基。A股有望成长为"长期化、稳步上涨、价值基础牢固"的牛市,一个为中国企业提供充分直接融资的资本市场,一个体现中国经济价值的"晴雨表"。

China's rising stock market has resulted in a sharp increase in the market capitalization of the two bourses in Shanghai and Shenzhen. Market value of the Shanghai and Shenzhen bourses surged to 35 trillion yuan(5.7 trillion U.S. dollars). China's stock market capitalization overtook Japan as the world's second largest at er the United States last week. h e rally is mainly driven by November's interest rate cut, which increased liquidity. Many institutions expect a cut in the reserve requirement ratio soon for some banks.