during the interview that the proportion of retail investors and individual investors in the Chinese stock market has been high for a long time, which is one of the reasons for the lack of stability of the A-share market
To improve this problem, it can be said that the capital market has entered a new era. “Many companies on the main board, such as banks and real estate, have certain understandings and easy participation." Xu Weihong said, “The enterprises in the board are not. Individual investors generally know very little, so the board is more It is the participation of professional investors and investment institutions, which will be a structural change for the Chinese stock market dominated by retail investors."
In addition, although the 25 stocks on the first day of the opening of the science and technology board were opened higher, Xu Weihong said that it should pay attention to the characteristics of the stocks and light sectors of the science and technology board. Unlike some motherboards, the board is relatively stable.
Long-term mining and tracking of the company’s situation
Ding Zhijie, a professor at the School of Finance of the University of International Business and Economics, said that with the economic transformation, the glory of the traditional industries has gradually receded, and the field of technological innovation has become the focus of competition.
The breakthrough of technological innovation requires a lot of money, which is inseparable from the support of the capital market
Now, the opening of the science and technology board can guide more social funds to directly finance technology innovation enterprises, which will help open up a new situation.
Wu Xiaoqiu, a professor at Renmin University of China, pointed out that the science and technology board officially opened, and its greatest significance lies in the implementation of the registration system. The soul of the registration system is a symmetrical foreign external constraint mechanism with full disclosure of information, market pricing, and clear responsibilities. The science and technology board of the pilot registration system will promote the further marketization, internationalization and rule of law in China’s capital market, which is a profound institutional change in the Chinese capital market.