论文部分内容阅读
健康的股市必须以投资价值为主导,防范过度投机及其引发的股灾是各国股市的共有难题。法律法规和监管部门的监管很难管住暴利驱动下的价格操纵和各类“内幕信息”的炒作。“创设影子股票”制度依托市场自身的力量解决价格操纵和“内幕信息”问题,让每一只股票的多方和空方直接对抗,任何一方都没有能力使股票价格脱离投资价值太远,从而使股票价格围绕其投资价值在相对狭窄的区域内波动,有效防范过度投机。
A healthy stock market must be dominated by investment value. Preventing excessive speculation and the triggered stock market disaster are common problems for the stock markets in various countries. Regulatory laws and regulations and regulatory authorities is difficult to control the profit-driven price manipulation and all kinds of “insider information,” the hype. The system of “creating shadow stocks” relies on the market’s own power to solve the problems of price manipulation and “insider information” so that each stock can directly confront the short side with multiple parties and neither side has the ability to keep the stock price out of the investment value too So that the stock price fluctuates within a relatively narrow area around its investment value, effectively preventing excessive speculation.