Does not attack in practice

Daily mean raised $ 6.4 billion a-share market capitalisation of listed companies since the year evaporation 12.2 billion a day in recent days, a shares and then trap "falling over" circle, oscillations after the Shanghai composite index since November 4, rushed to the 2536.78 point downward, biggest drop in almost 6%. In addition, as economic growth maintaining more than 9% of China's stock market decline was over 15% for the year, capturing stocksLosing money. 　　Main capital stocks (eleven-twenty fifths) unit fled to cut meat must regret having sudden boom is not likely in a move investors Gospel: hold stocks saved! Analysis says that a-shares fell apart from European debt crisis, escape excessive financing stakeholders. Statistics show that day were pumped nearly 7 billion yuan this year, in which companies raise more than $ 6$ 400 million, but the a-share market is a loss of $ 12.2 billion a day.　　China was even falling three quarters, but third-quarter GDP growth rate still amounted to 9.1%, and as of yesterday, known Trojan drop since economic barometer of the stock market this year reached 15.24%, nearly capturing the shareholders ' stock market lose money, market wealth daily evaporation of $ 12.2 billion. And some economic fundamentalsWorse compared to the perimeter of the stock market, shares fell by people give consent. Survey shows more than 80% the shareholders ' losses this year according to the data so far this year, 1826 fell, accounting for over 80%.　　The benefits can be more than one-year bank deposit stocks accounted for more than a mere 16.26%. According to a survey, nearly 4,000 peopleThe respondents, 87.26% said this year the stock market losses, of which, as a percentage of the loss of more than 10% 37.37%, losing to 10% and 49.89%.　　Reporters also noted that, even with the sending transfer dividends, but most stocks could not escape the "curse of ex-dividend". Kang Zhi pharmacy on April 18 this year after a 10-10 3-sharePrices decline nearly new Trojan 50%.　　Oriental sunrise on March 23 this year after completing the 10-10 5, stocks drop as much as 60%. Exchange data also show that, at the end of December last year, Shanghai and Shenzhen market for 26.47 trillion yuan, and by November of this year, even if several companies listed with a market value has dropped to less than 24 trillion worth lost $ 26,800Billion, an average of $ 12.237 billion per trading day losses.　　Perspective of the causes of a-shares with current focus: money supply shortage? M1, M2 are better than 2011 Central monetary policy in the 2007 bull market continues to tighten, many investors and analysts in Chinese stock market "falling over" blamed on the lack of liquidity in the market.However, the first 10 months of accumulated, at 6.27 trillion in new loans this year. In addition, M1 and M2 money supply remained high over the past more than 10 years, total money supply grew by more than 4 times. As of October swtor power leveling, the total market value of shares of listed companies is 24.3 trillion, M1 and a 113.82%,M2 stock market capitalisation ratio and total market value of a sharesMore is 336.13%. Reporter statistics contrast found in June 2007, washed up on the 4,000-point benchmark, $ M1 for the month, for the a-share market capitalisation of only 81.72%. And before the market peaked in October 2007, M1 percentage between 50%~70%. M2 before 6,124 points are alsoBetween 120%~200%.　　Therefore, either M1 or M2, is significantly better than the 2007 bull market, coupled with speculation by strict regulation, intervention stocks of money and a lot.　　Focus II: a-shares and then playing ATM? Daily pumping near 7,000,000,002 market since the drought this year has nearly 260 companies successful release, tickIn addition to bbmg, actually raised $ 256.216 billion. At the same time, there are 160 companies additional funding of $ 397.413 billion million. There are 12 companies through shares financing $ 36.484 billion.　　With convertible bonds, since the beginning of this year's a-share market financing amount up to 1.41 trillion, daily from the market to take about $ 6.4 billion. In addition, so farAnd the cumulative reduction of large shareholders of listed companies alone are more than 80 billion yuan.　　Reporters just accounts star wars the old republic power leveling, including IPO this year, refinancing and reduction of shareholders, the cumulative funding of around $ 1.5 trillion from the a-share markets to take, if calculated in accordance with 219 trading days this year, average daily pumping reached 6.895 billion yuan. Lack of investor confidence surrounding,Does not attack in practice, this year a large number of market capital flows other investment channels, of the Central Bank's latest quarterly survey showed that residents ' wishes stocks drop to lowest level in 3 years. Analysis says that current management layer specification is the most critical capital market operation, adjust size, reduce new stock "three high" damage to the stock market to boost investor confidence.