市场新增流通股过多,给股市供给面带来较大冲击,与此同时,入市的资金却变得越来越谨慎。自今年1月中旬开始,中国A股市场开始经历2006年“股改”以来最长时间的疲弱状态,市场持续暴跌,下跌幅度一度接近50%,投资者信心遭受重创。股市的变化是多种因素综合使然,但其中往往有一个因素起主导作用。目前,造成股市不景气的主要原因就是——供求关系的阶段性失衡。 Too many new shares outstanding in the market have brought a greater impact on the supply side of the stock market. At the same time, the funds entering the market have become increasingly cautious. Since mid-January this year, China’s A-share market started to experience the longest period of weakness since the stock reform in 2006. The market continued to plunge, dropping by nearly 50% at one time and investors’ confidence was severely hit. Changes in the stock market is a combination of many factors, but often one of the factors play a leading role. At present, the main reason for the stock market downturn is the stage imbalance between supply and demand.