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我国股票市场自20世纪90年代初创立以来,至今已走过十五年的风雨历程。截至2004年底,沪深股市上市公司发展到1377家,投资者约7200万户,上市公司(A、B股)累计筹资额达8000多亿元,有力地促进了国民经济发展。然而,由于管理、运作不规范及超常规的高速发展,股票市场一度陷入严重的危机状态,股市总市值从四年前的峰值缩水数万亿元,流通市值财富流失近万亿元,广大投资者损失惨重,信心受挫。人们不禁要问,我国股票市场究竟有没有投资价值?下面,以沪深股市为研究对象,运用比较分析的方法,就股市投资价值谈谈个人的一点看法。
Since the founding of the stock market in China in the early 1990s, it has gone through fifteen years of stormy history. By the end of 2004, the number of listed companies in Shanghai and Shenzhen stock exchanges had risen to 1,377 with about 72 million investors. The accumulated funds raised by listed companies (A and B shares) reached more than 800 billion yuan, effectively boosting the national economic development. However, the stock market was in a severe crisis due to the non-standardization and unconventional management. The total market capitalization of the stock market shrank trillions of yuan from the peak of four years ago, and the loss of circulating market capitalization nearly trillion yuan. The vast majority of investment Those who suffered heavy losses and frustrated their confidence. People can not help but ask: Is there any investment value in China’s stock market? In the following, taking the Shanghai and Shenzhen stock markets as the research object and the comparative analysis method, I will talk about the individual’s opinions on the investment value of the stock market.