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2015年A股出现从快速上涨到快速暴跌的过山车行情,各监管机构短短两周时间出台了几十条调控股市的政策,主要从引导资金直接入市、为融资盘提供流动性、限制减持鼓励增持、打击过度投资和恶意做空等四个方面进行监管调控。虽然这些政策使得A股恢复稳定,但对国家政策的评价不一。笔者认为国家政策除进行短期调控,还需从长期来调整国内股市的参与者结构,更多的发展多层次资本市场。
In 2015, there was a roller coaster market rising rapidly to a sharp crash. Various regulatory agencies issued dozens of policies to control the stock market in just two weeks. They mainly introduced funds directly into the market, provided liquidity for the financing disk and restricted the reduction of shares Encourage overweight, crack down on excessive investment and malicious short four regulatory regulatory control. Although these policies helped to stabilize A-shares, they appraised different national policies. In addition to short-term regulation and control of national policies, the author believes that it is still necessary to adjust the structure of participants in the domestic stock market in the long run and to develop more multi-level capital markets.