【新唐人2012年11月29日讯】中国大陆沪、深股市双双下跌，星期二收在四年来最低水平，上海证券综合指数更跌破2000点，股民普遍表示失去信心。有人讽刺，中共十八大后“上证轻松跌破两千”。下面请看报导。
星期二中国股市开低走低，沪、深二市同步下挫。上海证券综合指数收盘跌破2000点心理大关，以1991.17点坐收，跌幅1.3%，创46个月以来新低。大陆财经媒体叹息：中国股市退回到“1时代”。而另一股市----深证成指，开盘就跌破8000点，盘中7931.74点，也再次刷新了近4年来的新低，最后以7936.74点报收，较前一跤易日下跌0.99%。
尽管国家统计局在前一天公布，今年前10个月，全国规模以上工业企业实现利润按年增长0.5%。另一方面，央行又开展1350亿元逆回购操作。但是市场对这些消息反应麻木，大盘颓势依旧。国内财经媒体分析，市场对长期经济走势的担心、年底资金面偏紧成为不断杀跌的重要原因。
北京师范大学MBA导师、经济专栏作家段绍译分析，虽然有经济数据，但是企业盈利状况并没有好转。很多企业上市只是为了圈资金，根本没有考虑投资者回报。
段绍译：“投资股票，我们要看好一个企业未来的营业，和现在的利润水平。现在多数的企业利润率都很低，他的回报率还不及银行的经济增长利息。所以投资这样的股市必须要亏损，因为这个股市本来就不值这么多钱，是那些人就把价格买高了。”
国内媒体说，内地股民今年超九成亏损，近四成赔钱过半。不过股民则表示，还不止这个数字。
广州股民施先生：“你说九成（亏损）？九成是保守一点，可能差不多九成五以上都是亏钱。跌到1991（点），大家对那个市场也没有太大的信心，而且很多的这个发行、融资，这个渠道是很不透明，是很黑的，所以那个信心是已经崩溃了。”
中国股市一直被抨击存在“重融资、轻退市、重体系、轻监管”等体制性问题，而且内幕交易层出不穷，股市违规犯罪的处罚形同虚设，使得中国股市被形容成全球资本市场上融资能力最强，但二级市场投资者得到回报最差的单向畸形发育的怪胎。
广州股民梁小姐：“因为中国股市都是剩下穷人在玩了，政府也不管了。它就是GDP在增长，但实际上那些财富全部都是流向那些官员，那些官员通过出国甚么的，把那些钱都转移到国外去了。”
虽然有国内分析家认为，情势没那么悲观，2000点下方的运行不会长久。但是大陆股民普遍表示没有信心。
辽宁股民陈小姐：“6000多点那之前不是很多老百姓，老太太都去（股市）吗﹗完了有的割肉的，有的全赔的，那太多了。那都跌到2000点了，谁还去整这个、弄那个，谁炒谁赔。”
广州股民施先生：“大家都不会乐观啦，因为它很多...还有就是，国家是刮个皮；跟着机构、庄家又把那个皮的毛又刮一层；第三层就是找那个‘QFII’，就是外资，再来刮一层，就把股民的资金掠夺啊。”
台湾媒体引述大陆信达证券研发中心副总经理刘景德的分析说，中共十八大期间稳住盘势的证券股及地产股，近来在买盘不继之下也从高点反转，更加重了陆股的颓势。有大陆股民在股市专业论坛上留言讽刺说：“十八大后，上证轻松跌破了两千。”
采访/陈汉 编辑/尚燕 后制/王明宇
Stock Market Declined in Shanghai
In China, Shanghai and Shenzhen stocks both fell on Tuesday,
closing at the lowest level in four years.
The Shanghai Stock Exchange Composite Index fell even
below 2,000 points, and investors generally lost confidence.
Some mocked after the Chinese Communist Party (CCP) 18th
National People’s Congress (NPC), SSE easily fell below 2,000 points.
Please see the following reports.
In Tuesday (November 17), China's stock market opened
lower and fell, including Shanghai and Shenzhen stocks.
The Shanghai Stock Exchange Composite Index fell below
the psychological threshold of 2000 points to 1991.17 points,
down 1.3%, which is the lowest within the last 46 months.
The Continental Finance Media sighed, China's stock market
return to ‘1’ (sounds like ‘e’ in Chinese) era.
Another stock market, the Shenzhen Component Index,
fell below 8000 points upon opening,
and at intraday was at 7931.74 points, which also
refreshed the lowest records in the past 4 years,
and finally closed at 7936.74 points,
down 0.99 % compared with the previous trading day.
Although the National Bureau of Statistics released
the day before for the first 10 months of 2012,
national-scale industrial enterprises realized profits on
their year-on-year growth of 0.5%.
On the other hand, the central bank carried out their
13.5 billion Yen reverse repurchasing operations.
But the market reaction to these messages was numb,
the market still declined.
Based on domestic financial media analysis, market concerns
about long-term economic trends and year- end funding being tight are the main reasons for stock decline.
Beijing Normal University MBA faculty and
economy columnist Duan Shaoyi analyzed,
although there were economic data, the profitability of
the business situation has not improved at all.
Many companies listed just to collect funds
without considering investor returns.
Duan Shaoyi said: To invest in stocks, we should be optimistic
about the future of the business, and its current profit level.
The majority of companies have a low profit margin,
and their rate of return is even less than the benefits of economic growth.
So to invest in such a stock market, one must lose,
because the stock market does not deserve that price,
and they bought in at a higher price than its true value.
Domestic media said, over 90 % of the investors in China
made a loss in 2012. But investors said it was beyond that.
Guangzhou investor Mr. Shi said: a 90% loss is conservative,
it should be over 95 % in losses.
It fell to 1991 points, and people don’t have much
confidence in the market.
Many channels in issuing and financing were very opaque,
very dark, so that people’s confidence has collapsed.
China's stock market has been criticized for the existence of
institutional problems, "re-financing, but neglecting delisting and regulation".
There are endless accounts of insider trading,
and stock market irregularities, criminal penalties seem to be non-existent,
making China's stock market a world capital market
with the strongest financing capacity,
but the lowest return in the secondary market,
which is a one-way freak malformation.
Guangzhou investor Miss Leung: “Since in China’s stock
market, there are mainly poor people, the government does not care anymore.
The GDP is growing, but all of it is flowing towards those
rich officials, who transferred that money to foreign countries when going abroad.”
Although domestic analysts believe the situation is not so
pessimistic, and it won’t last long below 2,000 points,
investors in China have been generally expressing,
a show of no confidence.
Liaoning investor Miss Chen: “When it was above 6000 points,
many people, many old ladies went to the (stock market)!
In the end, some lost their money or even in some cases
losing all their money. It was so common.
Now it has fallen to 2000 points, who will go to
the stock market now? Everyone will lose there.”
Guangzhou investor Mr. Shi:
“We cannot be optimistic, because it is common.
Moreover, the state scrapes the skin,
followed by the agencies and dealers scraping more hair;
then the QFII, which is the foreign investment.
They all plundered the shareholders’ funds.”
Taiwan media quoted words of Liu Jingde, the
deputy GM of China Cinda Securities R & D center:
During the 18th NPC, those stable plate potential securities
and property stocks, now are also in decline with less buying, increasing the decline of stocks in China.
Investors in China have a left message on the stock market
professional forum and ironically said:
After the 18th NPC, the SSE easily fell below 2,000 points.
星期二中国股市开低走低，沪、深二市同步下挫。上海证券综合指数收盘跌破2000点心理大关，以1991.17点坐收，跌幅1.3%，创46个月以来新低。大陆财经媒体叹息：中国股市退回到“1时代”。而另一股市----深证成指，开盘就跌破8000点，盘中7931.74点，也再次刷新了近4年来的新低，最后以7936.74点报收，较前一跤易日下跌0.99%。
尽管国家统计局在前一天公布，今年前10个月，全国规模以上工业企业实现利润按年增长0.5%。另一方面，央行又开展1350亿元逆回购操作。但是市场对这些消息反应麻木，大盘颓势依旧。国内财经媒体分析，市场对长期经济走势的担心、年底资金面偏紧成为不断杀跌的重要原因。
北京师范大学MBA导师、经济专栏作家段绍译分析，虽然有经济数据，但是企业盈利状况并没有好转。很多企业上市只是为了圈资金，根本没有考虑投资者回报。
段绍译：“投资股票，我们要看好一个企业未来的营业，和现在的利润水平。现在多数的企业利润率都很低，他的回报率还不及银行的经济增长利息。所以投资这样的股市必须要亏损，因为这个股市本来就不值这么多钱，是那些人就把价格买高了。”
国内媒体说，内地股民今年超九成亏损，近四成赔钱过半。不过股民则表示，还不止这个数字。
广州股民施先生：“你说九成（亏损）？九成是保守一点，可能差不多九成五以上都是亏钱。跌到1991（点），大家对那个市场也没有太大的信心，而且很多的这个发行、融资，这个渠道是很不透明，是很黑的，所以那个信心是已经崩溃了。”
中国股市一直被抨击存在“重融资、轻退市、重体系、轻监管”等体制性问题，而且内幕交易层出不穷，股市违规犯罪的处罚形同虚设，使得中国股市被形容成全球资本市场上融资能力最强，但二级市场投资者得到回报最差的单向畸形发育的怪胎。
广州股民梁小姐：“因为中国股市都是剩下穷人在玩了，政府也不管了。它就是GDP在增长，但实际上那些财富全部都是流向那些官员，那些官员通过出国甚么的，把那些钱都转移到国外去了。”
虽然有国内分析家认为，情势没那么悲观，2000点下方的运行不会长久。但是大陆股民普遍表示没有信心。
辽宁股民陈小姐：“6000多点那之前不是很多老百姓，老太太都去（股市）吗﹗完了有的割肉的，有的全赔的，那太多了。那都跌到2000点了，谁还去整这个、弄那个，谁炒谁赔。”
广州股民施先生：“大家都不会乐观啦，因为它很多...还有就是，国家是刮个皮；跟着机构、庄家又把那个皮的毛又刮一层；第三层就是找那个‘QFII’，就是外资，再来刮一层，就把股民的资金掠夺啊。”
台湾媒体引述大陆信达证券研发中心副总经理刘景德的分析说，中共十八大期间稳住盘势的证券股及地产股，近来在买盘不继之下也从高点反转，更加重了陆股的颓势。有大陆股民在股市专业论坛上留言讽刺说：“十八大后，上证轻松跌破了两千。”
采访/陈汉 编辑/尚燕 后制/王明宇
Stock Market Declined in Shanghai
In China, Shanghai and Shenzhen stocks both fell on Tuesday,
closing at the lowest level in four years.
The Shanghai Stock Exchange Composite Index fell even
below 2,000 points, and investors generally lost confidence.
Some mocked after the Chinese Communist Party (CCP) 18th
National People’s Congress (NPC), SSE easily fell below 2,000 points.
Please see the following reports.
In Tuesday (November 17), China's stock market opened
lower and fell, including Shanghai and Shenzhen stocks.
The Shanghai Stock Exchange Composite Index fell below
the psychological threshold of 2000 points to 1991.17 points,
down 1.3%, which is the lowest within the last 46 months.
The Continental Finance Media sighed, China's stock market
return to ‘1’ (sounds like ‘e’ in Chinese) era.
Another stock market, the Shenzhen Component Index,
fell below 8000 points upon opening,
and at intraday was at 7931.74 points, which also
refreshed the lowest records in the past 4 years,
and finally closed at 7936.74 points,
down 0.99 % compared with the previous trading day.
Although the National Bureau of Statistics released
the day before for the first 10 months of 2012,
national-scale industrial enterprises realized profits on
their year-on-year growth of 0.5%.
On the other hand, the central bank carried out their
13.5 billion Yen reverse repurchasing operations.
But the market reaction to these messages was numb,
the market still declined.
Based on domestic financial media analysis, market concerns
about long-term economic trends and year- end funding being tight are the main reasons for stock decline.
Beijing Normal University MBA faculty and
economy columnist Duan Shaoyi analyzed,
although there were economic data, the profitability of
the business situation has not improved at all.
Many companies listed just to collect funds
without considering investor returns.
Duan Shaoyi said: To invest in stocks, we should be optimistic
about the future of the business, and its current profit level.
The majority of companies have a low profit margin,
and their rate of return is even less than the benefits of economic growth.
So to invest in such a stock market, one must lose,
because the stock market does not deserve that price,
and they bought in at a higher price than its true value.
Domestic media said, over 90 % of the investors in China
made a loss in 2012. But investors said it was beyond that.
Guangzhou investor Mr. Shi said: a 90% loss is conservative,
it should be over 95 % in losses.
It fell to 1991 points, and people don’t have much
confidence in the market.
Many channels in issuing and financing were very opaque,
very dark, so that people’s confidence has collapsed.
China's stock market has been criticized for the existence of
institutional problems, "re-financing, but neglecting delisting and regulation".
There are endless accounts of insider trading,
and stock market irregularities, criminal penalties seem to be non-existent,
making China's stock market a world capital market
with the strongest financing capacity,
but the lowest return in the secondary market,
which is a one-way freak malformation.
Guangzhou investor Miss Leung: “Since in China’s stock
market, there are mainly poor people, the government does not care anymore.
The GDP is growing, but all of it is flowing towards those
rich officials, who transferred that money to foreign countries when going abroad.”
Although domestic analysts believe the situation is not so
pessimistic, and it won’t last long below 2,000 points,
investors in China have been generally expressing,
a show of no confidence.
Liaoning investor Miss Chen: “When it was above 6000 points,
many people, many old ladies went to the (stock market)!
In the end, some lost their money or even in some cases
losing all their money. It was so common.
Now it has fallen to 2000 points, who will go to
the stock market now? Everyone will lose there.”
Guangzhou investor Mr. Shi:
“We cannot be optimistic, because it is common.
Moreover, the state scrapes the skin,
followed by the agencies and dealers scraping more hair;
then the QFII, which is the foreign investment.
They all plundered the shareholders’ funds.”
Taiwan media quoted words of Liu Jingde, the
deputy GM of China Cinda Securities R & D center:
During the 18th NPC, those stable plate potential securities
and property stocks, now are also in decline with less buying, increasing the decline of stocks in China.
Investors in China have a left message on the stock market
professional forum and ironically said:
After the 18th NPC, the SSE easily fell below 2,000 points.
