define moneda Top Block

2. Share reform marketFirst, the relationship between the big bull market and the great changes in the capital market1, the relationship between 519 market and policy change.

It is believed that with the maturity of our registration system, the risk of buying junk stocks will be very great, the bad habit of speculation will be fundamentally changed, the market will focus on value growth, core index stocks will be an important choice direction of the market, index ETF will become the main channel for ordinary investors to participate in the stock market, indexed investment, bilateral hedging trading channels with developed institutions and quantitative trading institutions in the era of artificial intelligence will make it more difficult for short-term trading retail investors to survive, and the characteristics of institutional de-retailing will develop very rapidly.SQDIIce the reform and opening up, China's stock market has started from the original over-the-counter trading, and developed into the second largest capital market in the world for more than 5,000 listed companies. With the promulgation and implementation of the Securities Law, the capital market has entered the era of rule of law, and the issuance system has gone through the evolution process of examination and approval system, approval system and registration system, the change from the share-trading era to the full circulation era, and the process from unilateral market to the start of margin financing and securities lending, the establishment of stock index futures options index ETF options and other financial derivatives to become a bilateral market.First, the relationship between the big bull market and the great changes in the capital market

2. Share reform marketThe 519 market and the extended Internet market are the landmark market in the era of non-tradable shares. The biggest change of this round of market is the promulgation and implementation of the Securities Law on July 1, 1999, and the capital market has entered the era of rule of law.One of the characteristics of the approval system is the scarcity of listed resources and the long-term lack of metabolism in the market. "Shell resources" is an important reason for the tradition of evil speculation in our market.