国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Business / Markets

Capital market reform catalyst for China's restructuring

(Xinhua) Updated: 2014-07-03 10:52

Capital market reform catalyst for China's restructuring

Investors at a securities brokerage in Beijing. Sectors including culture and media, aerospace, communications and electronics technology led a rally in China's stock markets on Feb 7, 2014. Feng Yongbin / China Daily

BEIJING - To Chinese investors' disappointment, the stock market remained listless in the first half of this year, offering no hint that major indices may begin to end the bearish cycle soon.

Experts say this reflects urgent need to reform the capital market to give full play to its critical role in allocating resources and accelerate the country's economic upgrading.

The benchmark Shanghai Composite Index, which tracks larger listed companies, dropped more than 3 percent in the first six months, defying the steady upward trend of the country's economy.

Angel or devil

The stock market is clearly not an angel for individual investors, as the index has been stuck in a lengthy bearish cycle since August 2009, down from 3,478 points to around 2,000 at present.

In many investors' minds, the Chinese stock market has decayed into a gambling den where companies make fortunes overnight just by being listed, not a platform for investment and corporate financing, far from what the government wants.

However, many small and medium-sized enterprises (SMEs) are eager to capitalize on the market to get financing, as bank loans are usually expensive for them, if not impossible, due to relatively high risks.

Yang Renchao, 37, who now runs a software company in South China Hainan province, knows the difficulties from first-hand experience.

Before starting his own business in 2007, Yang spent more than 10 years in Zhongguancun, the Beijing technology hub dubbed China's Silicon Valley.

He saw how difficult developing high-tech firms was, partly due to the difficulty of getting finance. "I worked for at least four companies that went bankrupt in only two to three years," he said.

Yang's Hainan Hongyuan Taisi Science and Technology Co, Ltd, is witnessing strong performance at present, prompting the entrepreneur to prepare to try to acquire finance from the country's SME equities exchange system to help expand his business.

In some senses though, the stock market has failed to meet the needs of both investors and companies in recent years.

Previous Page 1 2 Next Page

Hot Topics

Editor's Picks
...
...
四川省| 封丘县| 锡林浩特市| 柳州市| 绥棱县| 革吉县| 泰兴市| 冕宁县| 乌拉特前旗| 任丘市| 建始县| 黔东| 卢氏县| 呼图壁县| 花垣县| 阿瓦提县| 宜丰县| 绥江县| 陈巴尔虎旗| 麦盖提县| 天长市| 金川县| 石河子市| 鹤岗市| 鱼台县| 噶尔县| 丰原市| 桦川县| 沛县| 全南县| 阳春市| 会泽县| 天峻县| 准格尔旗| 兴化市| 长兴县| 武城县| 荆州市| 宁乡县| 远安县| 莱阳市|