On May 10th, Gao Peiyong, a member of the Chinese Academy of Social Sciences and former vice president, stated at a seminar on the reform and development of China’s capital market and the theoretical logic of China’s capital market (ten volume edition) that with economic development, the impact of expected factors has increased, and expected management has become increasingly important. The essence behind the volatility of the Chinese stock market is the issue of expectations and confidence, which has become a key factor driving changes in the capital market. Gao Peiyong believes that the development of the capital market should incorporate expected factors into the analysis and monitoring system, make expected management a regulatory focus, and implement it at the institutional level. He suggested that the current reform of the capital market system should not only focus on balancing supply and demand regulation, but also pay attention to expectation management and guidance, achieving mutual promotion and a virtuous cycle of stable expectations, strong confidence, stable stock market, and stable economy. (Shanghai Securities News)
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