Editor’s note: in 2014, there are only seven trading days left.Looking back on this year, a shares have gone from “bear” to “bull”, from “mad bull” to “slow bull”, with only half a year of counter attack.In 2014, the reform of the securities market became the main theme.The top-level design, such as the nine articles of the new country, the reform of mixed ownership, the restart of IPO, the Shanghai Hong Kong stock connect, and the implementation of delisting system, continued to move and sounded the bull market horn.
No1.New China’s nine rules sound the bull market horn
”Finally, someone pressed the dividend button of China’s stock market.” on May 9, the State Council issued several opinions on further promoting the healthy development of the capital market (referred to as the new national nine articles for short), which was commented by some people.This is the second capital market programmatic document issued by the State Council in the form of a red headed document since January 2004.The release of this document, known as the “nine articles of the new country”, has a far-reaching impact on the development of China’s capital market.
发令枪！上海香港股票交易所已经准备了六个月，11月17日正式启动。The launch of the Shanghai Hong Kong stock connect will be an important step towards the two-way opening of China’s open capital market, and also an important milestone in the process of RMB internationalization.It will accelerate the reform of China’s capital market, pave the way for the internationalization of the A-share market, and promote MSCI to be included in China’s index.
One month after the opening of the Shanghai Hong Kong stock connect, the situation of “warm in the South and fire in the north” continues.According to the data, in the 20 trading days from November 17 to December 12, the average daily turnover of the Shanghai Stock connect was 5.84 billion yuan (RMB), with an average amount of 3.29 billion yuan, accounting for 25.3% of the daily limit of 13 billion yuan.During the same period, the average daily turnover of HK Stock connect was RMB 757 million, and the average daily quota usage was RMB 477 million, accounting for 4.5% of the daily quota ceiling of RMB 10.5 billion.During this period, the highest daily turnover of Shanghai Stock connect was 12.1 billion yuan on November 17, while that of Hong Kong stock connect was 2.03 billion yuan on December 5.
For the future of the Shanghai Hong Kong stock connect, all sectors are still optimistic for a long time.For example, Li Xiaojia, chief executive of the Hong Kong stock exchange, said that the Shanghai Hong Kong stock connect is like a soup pot and should be cooked slowly.
No4.The reform of mixed ownership has been carried out in an all-round way
This year, the horn of the mixed system reform of state-owned enterprises has been sounded in an all-round way, and various provinces and cities have successively announced their opinions on the reform of state-owned enterprises.With the diversified reform of state-owned enterprises, the development of mixed ownership economy and the deepening of the reform of the management system of state-owned enterprises are on the agenda,
Sinopec has attracted much attention among many state-owned enterprise reform concept stocks, and has taken a substantial step.On February 19, Sinopec announced the proposal of introducing private capital to realize mixed operation, and planned to introduce social and private capital participation for its sales company.In the following half year, which companies will become the focus of the market.On September 14, Sinopec announced the list of investors participating in the reform of mixed ownership of its sales companies.25 banks, funds and industry giants obtained the certificate of shareholding, and private enterprises accounting for about 30% also had the opportunity to share the feast.中石化的这一重大改革成果，对于我国其他行业巨头来说，是一个强有力的借鉴。