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中国股市不再偏居一隅,欲放眼与美国股市比定价,透过两国股市市盈率、市净率及行业市盈率的比较,价值投资的轮廓更加清晰。 价值投资本质上是估值标准的重建,资本资产定价又是其理论的涌源。与国际接轨,以美国成熟市场为参照系,国内股市因此发生一场深刻的股价革命。QFII无疑是这场草命的始作佣者。何谓国际视野、何谓理性科学的价值价值评估,窥一斑可见全豹。
China’s stock market is no longer a corner, want to look at the United States than the stock market pricing, through the two countries share price-earnings ratio, book value ratio and industry price-earnings ratio comparison, the outline of value investment more clearly. The value investment is essentially the reconstruction of the valuation standards, and the capital asset pricing is also the source of its theory. In line with international standards, the mature market in the United States as a reference system, the domestic stock market so a profound share price revolution. QFII is undoubtedly the beginning of this grass-roots drafters. What is the international horizons, what is the value of rational science assessment, glimpse visible all the pockets.