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2000年以来,证券市场上基金很少有单日价格波动幅度超过4％的交易。多数基金几乎每时每刻在卖一卖二卖三和买一买二买三价位上同时挂着数量巨大的买卖单,基金价格基本上就在上下三四分钱价位内波动,市场人士戏称为基金交易中“夹板现象”。本文试图从基金夹板现象产生的原因、效果以及对保险公司投资运作和对市场的影响,分析我国基金交易制度中存在的缺陷。
Since 2000, there have been very few funds in the securities market with more than 4% fluctuations in their daily prices. Most of the funds are sold almost every moment of the sale and sale of two to sell three and buy two to buy three price at the same time hanging a huge number of orders, the fund prices basically fluctuate within the upper and lower three-quarters of the price, market participants jokingly Fund transactions in the “splint phenomenon.” This article attempts to analyze the causes and effects of the phenomenon of fund splitting, the investment operation of insurance companies and the impact on the market, and analyzes the shortcomings in the fund trading system in our country.