a股市场中金融股的一些特性（Some of the characteristics of a stock market in financial stocks）.doc

a股市场中金融股的一些特性（Some of the characteristics of a stock market in financial stocks） Buy financial stocks in the country, in fact, buy GDP sustained rapid growth, according to the previous economic model, in fact, buy investment type of economic sustainability. Financial stocks in A stock history, there have been several obvious quotes, namely, 03 years began 5 golden flower market, and 05 years since the share reform appreciation, coupled with performance growth resonance market. The 2 market represent 2 important factors in the financial stocks in the market, and is a good overall macroeconomic valuation advantage factors, there is a liquidity factor of ample funds to bring a premium, that is to say, the market continued to the 2 kinds of factors can bring about financial stocks. Sometimes these 2 factors work together, for example, 05 years ago. 03 years of that market reaction is a pure preview of a financial valuation of shares to the stage of the overall industrial level factors, policy factors and so on by WTO after the start of a round of high-speed development, financial stocks also appeared in the market valuation, while the overall market is in a bear market, funds face relatively limited. Most of the liquidity in the industry, the performance is the 03,04 financial stock market through every bear market rebound, they are also the cause, with the obvious characteristics of the terminator, band, this is not obvious incremental liquidity overflow results. It was 05 years before valuations and liquidity resonances took place. Whats the situation at the moment? After 30 years of rapid development, China is undergoing a period of transition, although the transformation is very difficult. But if you want to put the government _ right to continue, it is necessary to slow down structural adjustment, this is the next interest group clearly see, they do not want to clean up the most extensive, so we must make some necessary adjustments in the political cycle before the