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我们现在的市场是个什么样的状况?当前市场状况的关键词一般有两个:新兴和转轨。新兴,新就是刚刚产生,兴就是很兴旺,还是很有前途的。我们新兴市场的特点,一个就是历史很短,二十年不到。而成熟市场一般都有两百多年历史,如果从最早的荷兰的阿姆斯特丹算起,要有四百多年的历史,我们的市场时间很短;第二个,变化很快。我们用几十年走完了境外市场几百年的历史。当然这种说法只是从外观上、规模上来看,硬件上变化很快,但是从内部制度的设计等软件上来看,还是有很多路要走;第三个就是波动大。我国证券市场从2001年熊市,到2004年底2005年开始恢复牛市,市场的
What is the current situation in our market? There are generally two key words in the current market conditions: emerging and transition. Emerging, new is just born, Hing is very prosperous, still very promising. One of the characteristics of our emerging market is its history is very short, less than two decades. The mature market generally has two hundred years of history. If from the earliest Amsterdam in the Netherlands, we have a history of more than 400 years. Our market time is very short. The second one is changing rapidly. We have spent hundreds of years in overseas markets finishing our history. Of course, this argument is only from the appearance, the scale point of view, the hardware changes rapidly, but from the internal system design and software point of view, there are still many ways to go; the third is the volatility. China’s securities market from the bear market in 2001, by the end of 2004 to resume the bull market in 2005