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在中国的股票市场中,股票价格与公司经营业绩背离的情况相当严重。股价操纵者(即所谓的“庄家”)的意志、股票的概念、政府的政策,以及市场中资金的供求关系往往比公司的基本面更能影响股票的价格。更为令人担忧的是,这种严重扭曲的状况已经在市场中被广泛接受,并习以为
In China’s stock market, the stock price deviates from the company’s operating performance quite seriously. The will of the stock-price manipulator (the so-called “maker”), the concept of stocks, the government’s policies, and the supply and demand of funds in the market tend to affect stock prices more than the firm’s fundamentals. Even more worrisome is that this state of serious distortions has been widely accepted in the market and is thought to be