confrontation with China. Instead

Following last week's Deputy General Manager of Shanghai Ming Xu published "International Board ready to launch" freedom of speech, after the stock market from 2,536 120 points that management did not make any clarification, General Manager of the Shanghai Stock Exchange on Thursday and Deputy Mayor again given "International Board must speed up the launch of" appeal, the stock market will be the next city, indicates that the weak market is very offensive to international Board. Although everybody knows, In the six months to a year's time, launched the International Board is little likely, however, scourge message can be destroyed in cities. In my view, the Commission has a duty to the six months to repeatedly led to informal information to make statements of the stock market crash, dont let it to artificially depress the market. Why International Panel cannot be launched in the near future? First, the international economic and financial environment is not allowed. For now, the European debt crisisFrom Greece to Italy, then to France, and Portugal, growing in the near term, see no hope of resolving the, there are significant uncertainties, Europe's economy has slipped into recession. United States debt crisis is beset with difficulties, plans to cut administrative expenses do not have access to the support of the Congress and the economy is very weak. In this case, the enterprises are facing numerous difficulties in Europe. IfChina International Board to allow them to market, are likely to be European and American debt crises "fire" burning to China, Chinese investors have suffered heavy losses, resulting in financial instability and social unrest in China. Second, foreign exchange reserves are at risk of being hollowed out. As 3-5 its impossible to become an international stockpile money and currency, it is impossible to foreign has the right to print currency. ChinaCannot, as in United States, by printing dollars in return for stakes in foreign enterprises. Instead, foreign enterprises can use false net assets and profits, the banner of "low" guise of earnings, with high shares in return for large amounts of renminbi, and then into dollars siphoned from China's foreign exchange, making China 30 years of cheap resources, cheap, cheap labour and cheapSell stake, worked hard to accumulate foreign currency reserves, after deduction of over 1.1 trillion United States Treasury, after 600 billion euro debt and $ 4000.5 trillion in liabilities, is taken by international Board, the remaining 900 billion China's reserves are constantly running out, make China into financial crisis. Third, the current domestic ecology environment. China stocksCity only 20 years, worth ranked second in the world, stock to grow after the great leap forward, more is the market need for air pressure. In just 5 years, the a-share circulation market value never to 900 billion, expanding to 17.5 trillion, listed companies increased by more than 2000 enterprises, stock financing is first in the world for nearly two years, the stock market margin stands at more than 1 trillion, the Fund value shrank to 30,000More than, two consecutive years of decline the world's top two, in order to discredit China's international image. In the case of serious imbalance in the supply and demand, even on the domestic capacity on board, junior, gem IPO and refinancing of listed companies are no longer sufficient, not at all have the ability to let International Board of China's stock market "hen"? IV, supervision on international enterprise market is impossible. In Europe and the United StatesCountries, whether politically or economically, has adopted a double standard. Recent United States Government ordered the ban on Chinese audit institutions to United States regulation, and supervision of the accounting system, confrontation with China. Instead, 150 companies listed on China in the United States you do all suppressed, difficult, and blacklist capabilities. In this case, if available on the International Board, China's regulators have listedForeign companies conduct violations, fraud and manipulation of stock prices the old republic power leveling, would be beyond, helpless, unable to conduct investigations, forensics, penalties, claims and compensation, there is a big risk to regulatory vacuum, but suffer is the vast number of investors in China. V, shock "structure, changing" national economic strategy. Now to the international market have raised foreign companies, mostly belonging to, Cyclical industries, traditional industries have had a gold San long industrial, money chain industries that have major problems. Focus of Twelve-Five plan in China, it is to change the mode of economic growth, strategic focus to development of new industries. Chinese investors would prefer to accept one hundred or two hundred small stocks in emerging industries, nor would it accept, and disgusted looks great foreignEnterprise money. At the same time, International Board size several times, dozens of times, times that of China's small and medium enterprises, in the case of monetary tightening and the stock market money is scarce, opened the International Board, meant that most of China's enterprises will not reach the city, funding was not thaw. In view of this, push the current international Board is not, as some say "three advantages" and "four great significance", but harmfulInterests adverse economic and financial stability, harmful to stability and development of the stock market, harmful to the interests investors. I propose that on such an important issue of international management, extensive hearings should be conducted (even the bus ticket prices to hearing), and then as it did when stock price, make 160 million equity accounts voted in a referendum. Prior to this, local government and department managersNever for its own selfish interests and casual positions. Week average trading volume in Shanghai rapidly fell to 49.5 billion this week, trading volume in Shanghai Stock Exchange for eight consecutive days shorter than in Shenzhen, China's hydropower has returned to the issue price, the market risks failed to issue new shares due to have stopped. This shows that the impact of international news swtor power leveling, have hurt the interests of every aspect of the market, by the end of neckingBuild end of sideways, waiting for a loosening of monetary policy in a clear signal that year under the directed easing for directional units-band opportunities, is the investor of helpless choice. 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