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从微观层面看,要使中国股市具备长期投资价值,一是实现市场化的发行制度,最终达到“优者准入”的目标;二是建立健全卖空机制,挤压股票二级市场泡沫;三是改革现行的退市制度,最终达到“劣者必汰”的目标。从宏观层面看,必须转变经济发展方式,从而从根本上提高上市公司的投资效率。
At the micro level, to make the Chinese stock market have long-term investment value, the first is to realize the market-oriented distribution system and finally achieve the goal of “excellent access”. The other is to establish and improve the short selling mechanism and squeeze the stock secondary market Bubble; third is the reform of the current delisting system, and ultimately achieve “bad people will eliminate ” goal. From a macro perspective, we must change the mode of economic development, so as to fundamentally improve the investment efficiency of listed companies.