中国证券市场连续几年熊市,社会各界议论纷纷;挽救之招法,见仁见智。笔者对2005年的证券市场问题提出几点看法,以为愚人千虑之一得,供当局者参考。 搁置股权分置问题。股权分置问题本不难解决,而且在前几年证券市场发展中,也出现过有利于解决这个问题的时机。僻决这个问题的困难仍在意识形态方面,因而难以期望在短时期出台一个理想的解决方案。而在实践中,这个问题反复的提出也成为反复打压市场的寒流。有鉴于此,不如明确告诉市场,把这个问题继续长期搁置。有什么关系?当前最紧迫的,是股市面临生存危机,这个问题放一放是有利的,这里有一个战略时机的选择问题。 China’s stock market bear market for several years in succession, many people in the community have talked about; rescue the tactics, a matter of opinion. The author of the stock market in 2005 put forward some views on the issue, think that one of the fools had a worry, for the authorities reference. Set aside the issue of equity division. Equity splitting problem is not difficult to solve, and in the development of the stock market a few years ago, there have been occasions conducive to solving this problem. Difficulties in withdrawing this issue are still ideological, so it is hard to expect to come up with an ideal solution in a short period of time. In practice, this problem repeatedly proposed has also repeatedly suppressed the market’s cold. In view of this, it is better to tell the market clearly that this issue should continue for a long time. What is the relationship? The most pressing thing at the moment is that the stock market is facing a crisis of survival. This issue is favorable if there is a strategic timing choice.