What are the shortcomings of the product structure in China stock market?

It is definitely insufficient (compared with the United States and Europe) and there is still room for improvement. At least as follows:

(1) lacks a short-selling mechanism. The stock market that can only earn more money is incomplete according to the current concept, while the China stock market lacks a short-selling mechanism. At present, there are stock index futures in China stock market that can be shorted, but this is not something that ordinary people can play with, and the threshold is too high.

(2) Lack of foreign companies. For example, our Baidu, Industrial and Commercial Bank of China and so on. Can be listed in the United States, but the main body is in China, and there is no such stock product in China. This is related to the fact that our stock market is too administrative and too market-oriented.

Second, the defects of the China stock market

First of all, it must be explained that the China stock market often embodies the "national will", which is meritorious in the sense of national strategy, but it is its non-marketization that will inevitably lead to the China stock market hitting a wall in the market economy.

As for the shortcomings, mainly reflected in:

(1) Market level: insufficient marketization, that is, too much administrative will intervention.

For example, what companies can go public is not determined by the market, but by the government.

For example, what enterprises need to withdraw from the market is not decided by the market, but by the administration. Reorganize!

(2) At the institutional level, the listing, delisting, dividend distribution and pricing systems are extremely lacking in "supervision, fairness and transparency".

Listing: Good companies should be able to go public, but good companies may not be able to go public in China Stock Exchange, and poor companies may not be able to go public.

Delisting: Companies with poor stock market should be delisted, but companies with poor stock market in China are not necessarily delisted.

Dividends: Dividends are not a problem, but in the stock markets of developed countries, dividends are necessary and necessary.

Pricing: How much you can worry about, just like PetroChina in Man Cang.

(3) Legal level: After the problem appears, the law cannot effectively solve it.

Around 2000, there were countless such legal incidents, which was ridiculous. What a silver mansion, laughing to death, a tragedy among tragedies. Has it been eliminated now? No.

Litigation, in the China stock market, is a joke, useless, and the money from litigation is not enough for the cost.

(4) In a word: More than 60% companies in China stock market are "circling money".

At present, China stock market can only be described by circling money. Of course, a few companies are really excellent.

Third, finally.

Every country's stock market is from imperfect to perfect, so is our stock market in China.

Believe in yourself, work hard and come on!