乐生活—— We will study and improve the system of GEM issuance, listing, refinancing and merger and acquisition, and create conditions to promote the reform of registration system.
1. Promoting this policy at this moment is to promote institutional competition between Shenzhen Stock Exchange and Hong Kong Stock Exchange and to increase the attraction of innovative technology enterprises. The VCS is different from the SCB of the Shanghai Stock Exchange in that it aims to attract enterprises and financing through mergers and acquisitions, reorganization and listing system competition with the Hong Kong Stock Exchange.
2. Compared with the main board, the GEM has higher threshold in refinancing and merger and acquisition reorganization system before; during this period, listed companies need "universal relief", and the attraction of GEM listed companies for relief funds and injectable assets is relatively inadequate. After this policy assistance, the "platform value" of capital market. Re-earning a premium.
3. The purpose of international financial centres in the past 30 years is mainly to help domestic capital go out and internationalize currency, promote international trade and weaken the use of attracting investment. As Li Xiaojia said, the international financial center helps China realize the global allocation of national wealth, the international pricing of commodities and currencies, provides a stage for China’s capital pricing of overseas assets, and helps China realize the international pricing of commodities and currencies, and raises overseas assets for China’s capital pricing. For the stage.
4. Therefore, Hong Kong’s position as an international financial centre cannot be replaced. Hong Kong has an independent currency, an independent external linked exchange rate system, an independent tariff area, a common law judicial system linked with the Anglo-American legal system, and a more sound legal basis. These are the prerequisites and foundations for the construction of an "international" financial center. There is no substitute market at home and abroad.
5. Then, you can have a slightly evil conjecture: for the central government, "Hong Kong people govern Hong Kong" is not good, Hong Kong is still an irreplaceable Hong Kong, and Hong Kong people are not trustworthy, so Hong Kong people need to evacuate. In Shenzhen’s policy of building a socialist demonstration zone with Chinese characteristics, there is a saying: to promote "citizen treatment" in the livelihood of Hong Kong and Macao residents who work and live in Shenzhen. You are interested in weighing the implications. A new generation of "fleeing Hong Kong tide" may not be far away.
6. A small companion said that in 30 years of Hedong and 30 years of Hexi, we should see who took the wrong step first. This is not necessarily the case, because whether a wrong step is terrible depends on the fault-tolerant underlying system, the basis of the rule of law, scientific research, education and the overall situation of economic development. Big powers should have the ability to break the situation and grasp the overall situation. They should also be tolerant and confident, open to the outside world unswervingly, build a good rule of law, and build a good capital market, instead of populism, national antagonism, industry self-sufficiency and closed financial markets.
7. Whether a chess piece is sacrificed or not depends on whether the chess game can live. This is our relationship with the times.
