The stock market was originally created to promote economic development, provide financing channels for enterprises, and provide investment opportunities for investors, so as to achieve wealth appreciation. On the mainland, however, the stock market is often accused of being used as a tool to harvest the people, a phenomenon that is thought-provoking.
The stock market is an important carrier of the market economy and a place for optimizing the allocation of resources. In countries with mature market economies, the stock market has effectively revitalized the economy and allowed the broad masses of people to share the fruits of economic growth. In developed countries such as the United States, Japan, and South Korea, the market value of the stock market accounts for a relatively high proportion of GDP, and the number of shareholders is also relatively large, and the stock market plays an obvious role in promoting economic development. The prosperity of the stock market has enabled the majority of investors to share in the growth of the enterprise while also realizing the appreciation of personal wealth.
On the other hand, although the scale of the mainland stock market is constantly expanding, the function of the stock market is not fully played. On the one hand, the stock market attaches too much importance to the financing function and ignores the investment function. Listing and financing of enterprises has become the norm, but the interests of investors are not effectively protected. On the other hand, stock market manipulation, insider trading and other violations of laws and regulations occur from time to time, resulting in unfair and opaque markets, making it difficult for investors to grasp investment opportunities, and then causing the stock market to become a place for "cutting leeks".
The reasons behind this phenomenon are complex and varied, but one thing worth pondering: Is there a problem with the management system and regulatory mechanism of the stock market? The development of the stock market needs a sound system as a guarantee. On the mainland, the stock market regulatory system is not perfect and law enforcement is insufficient, resulting in the failure to effectively curb violations of laws and regulations. There are certain loopholes in the design of the stock market system, such as the issuance pricing mechanism and the delisting system, which need to be improved urgently.
On the other hand, the issue of corporate finance is also worth paying attention to. In the stock market, corporate financing is seen as an important avenue. Problems such as excessive financing and blind financing have put enterprises in a dilemma of development. In this context, can companies try other financing methods, such as bond market, private financing, etc., to reduce their dependence on the stock market?
Of course, we can't completely dismiss the role of the stock market. In mainland China, the stock market is still an important channel for corporate financing and a platform for investors to achieve wealth appreciation. To solve the problems existing in the stock market, we need to start from multiple levels. Improve the stock market system, enhance market transparency, and protect the rights and interests of investors. Strengthen supervision, crack down on violations of laws and regulations, and maintain market fairness and justice. Improve the quality of enterprises, guide enterprises to rationally finance, and help economic development.
The development of the stock market is related to economic prosperity and people's well-being. We should pay attention to the problems existing in the stock market and actively explore solutions, so that the stock market can become an effective way for economic development and people's prosperity. In this process, the government, enterprises, investors and other market participants should all shoulder their respective responsibilities and jointly promote the healthy development of the stock market.