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  1. <P style="MARGIN: 0cm 0cm 0pt" class=Publishwithline><STRONG><FONT color=#17365d><SPAN style="FONT-FAMILY: 宋体; FONT-SIZE: 15pt; mso-ascii-font-family: Helvetica; mso-fareast-font-family: 宋体; mso-fareast-theme-font: major-fareast; mso-hansi-font-family: Helvetica; mso-bidi-font-family: Helvetica">沪港通——心照不宣的二人转</SPAN><SPAN style="FONT-SIZE: 15pt; mso-ascii-font-family: Helvetica; mso-hansi-font-family: Helvetica; mso-bidi-font-family: Helvetica" lang=EN-US><?xml:namespace prefix = w ns = "urn:schemas-microsoft-com:office:word" /><w:sdtPr></w:sdtPr></SPAN></FONT></STRONG></P> <DIV style="BORDER-BOTTOM: #4f81bd 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 2pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm; mso-border-bottom-themecolor: accent1; mso-element: para-border-div"> <P style="MARGIN: 2pt 0cm 0pt" class=underline><SPAN lang=EN-US><?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" /><o:p><FONT size=1>&nbsp;</FONT></o:p></SPAN></P></DIV> <P style="MARGIN: 0cm 0cm 6pt" class=PadderBetweenControlandBody><SPAN lang=EN-US><o:p><FONT size=1>&nbsp;</FONT></o:p></SPAN></P> <P style="MARGIN: 0cm 0cm 0pt" class=MsoNormal><SPAN style="FONT-FAMILY: 'Helvetica','sans-serif'; COLOR: #3e3e3e; FONT-SIZE: 12pt; mso-fareast-font-family: 宋体; mso-bidi-font-family: Helvetica" lang=EN-US>T+0</SPAN><SPAN style="FONT-FAMILY: 宋体; COLOR: #3e3e3e; FONT-SIZE: 12pt; mso-ascii-font-family: Helvetica; mso-hansi-font-family: Helvetica; mso-bidi-font-family: Helvetica">研究了</SPAN><SPAN style="FONT-FAMILY: 'Helvetica','sans-serif'; COLOR: #3e3e3e; FONT-SIZE: 12pt; mso-fareast-font-family: 宋体; mso-bidi-font-family: Helvetica" lang=EN-US>N</SPAN><SPAN style="FONT-FAMILY: 宋体; COLOR: #3e3e3e; FONT-SIZE: 12pt; mso-ascii-font-family: Helvetica; mso-hansi-font-family: Helvetica; mso-bidi-font-family: Helvetica">年还难产的证监会,这次效率高得仅次于中纪委,半年时间就全面催熟了沪港通,仔细看完交易规则,本人不由感慨万分,这空手套狼的活儿如今拿来套人了。为了表明并非恶意攻击改革,先自问自答</SPAN><SPAN style="FONT-FAMILY: 'Helvetica','sans-serif'; COLOR: #3e3e3e; FONT-SIZE: 12pt; mso-fareast-font-family: 宋体; mso-bidi-font-family: Helvetica" lang=EN-US>5</SPAN><SPAN style="FONT-FAMILY: 宋体; COLOR: #3e3e3e; FONT-SIZE: 12pt; mso-ascii-font-family: Helvetica; mso-hansi-font-family: Helvetica; mso-bidi-font-family: Helvetica">个问题:</SPAN><SPAN style="FONT-FAMILY: 'Helvetica','sans-serif'; COLOR: #3e3e3e; FONT-SIZE: 3pt; mso-fareast-font-family: 宋体; mso-bidi-font-family: Helvetica" lang=EN-US><BR></SPAN><SPAN style="FONT-FAMILY: 'Helvetica','sans-serif'; COLOR: #3e3e3e; FONT-SIZE: 12pt; mso-fareast-font-family: 宋体; mso-bidi-font-family: Helvetica" lang=EN-US>1</SPAN><SPAN style="FONT-FAMILY: 宋体; COLOR: #3e3e3e; FONT-SIZE: 12pt; mso-ascii-font-family: Helvetica; mso-hansi-font-family: Helvetica; mso-bidi-font-family: Helvetica">,港资以前不能进入沪市吗?郭主席当年亲自招商引资的赤诚之心可表日月;</SPAN><SPAN style="FONT-FAMILY: 'Helvetica','sans-serif'; COLOR: #3e3e3e; FONT-SIZE: 12pt; mso-fareast-font-family: 宋体; mso-bidi-font-family: Helvetica" lang=EN-US><o:p></o:p></SPAN></P> <P style="MARGIN: 0cm 0cm 12pt" class=MsoNormal><SPAN style="FONT-FAMILY: 'Helvetica','sans-serif'; COLOR: #3e3e3e; FONT-SIZE: 12pt; mso-fareast-font-family: 宋体; mso-bidi-font-family: Helvetica" lang=EN-US><BR>2</SPAN><SPAN style="FONT-FAMILY: 宋体; COLOR: #3e3e3e; FONT-SIZE: 12pt; mso-ascii-font-family: Helvetica; mso-hansi-font-family: Helvetica; mso-bidi-font-family: Helvetica">,海外资金会疯抢沪市标的股吗?作为主人的我们,简单换位就可回答;</SPAN><SPAN style="FONT-FAMILY: 'Helvetica','sans-serif'; COLOR: #3e3e3e; FONT-SIZE: 12pt; mso-fareast-font-family: 宋体; mso-bidi-font-family: Helvetica" lang=EN-US><o:p></o:p></SPAN></P> <P style="MARGIN: 0cm 0cm 12pt" class=MsoNormal><SPAN style="FONT-FAMILY: 'Helvetica','sans-serif'; COLOR: #3e3e3e; FONT-SIZE: 12pt; mso-fareast-font-family: 宋体; mso-bidi-font-family: Helvetica" lang=EN-US>3</SPAN><SPAN style="FONT-FAMILY: 宋体; COLOR: #3e3e3e; FONT-SIZE: 12pt; mso-ascii-font-family: Helvetica; mso-hansi-font-family: Helvetica; mso-bidi-font-family: Helvetica">,内地股民以前买不到港股吗?不一定。池子理论只是针对中国大陆而言,更精确的讲,池子里圈住的只是中小投资者的资金,而且早已跑冒滴漏;</SPAN><SPAN style="FONT-FAMILY: 'Helvetica','sans-serif'; COLOR: #3e3e3e; FONT-SIZE: 12pt; mso-fareast-font-family: 宋体; mso-bidi-font-family: Helvetica" lang=EN-US><o:p></o:p></SPAN></P> <P style="MARGIN: 0cm 0cm 12pt" class=MsoNormal><SPAN style="FONT-FAMILY: 'Helvetica','sans-serif'; COLOR: #3e3e3e; FONT-SIZE: 12pt; mso-fareast-font-family: 宋体; mso-bidi-font-family: Helvetica" lang=EN-US>4</SPAN><SPAN style="FONT-FAMILY: 宋体; COLOR: #3e3e3e; FONT-SIZE: 12pt; mso-ascii-font-family: Helvetica; mso-hansi-font-family: Helvetica; mso-bidi-font-family: Helvetica">,内地股民会疯抢港股标的吗?理论上会。在港人眼里稀松平常的股票,对我们都是质地优良的绩优股,何况还有</SPAN><SPAN style="FONT-FAMILY: 'Helvetica','sans-serif'; COLOR: #3e3e3e; FONT-SIZE: 12pt; mso-fareast-font-family: 宋体; mso-bidi-font-family: Helvetica" lang=EN-US>T+0</SPAN><SPAN style="FONT-FAMILY: 宋体; COLOR: #3e3e3e; FONT-SIZE: 12pt; mso-ascii-font-family: Helvetica; mso-hansi-font-family: Helvetica; mso-bidi-font-family: Helvetica">、交易成本低的优势。实际上不会,因为</SPAN><SPAN style="FONT-FAMILY: 'Helvetica','sans-serif'; COLOR: #3e3e3e; FONT-SIZE: 12pt; mso-fareast-font-family: 宋体; mso-bidi-font-family: Helvetica" lang=EN-US>50</SPAN><SPAN style="FONT-FAMILY: 宋体; COLOR: #3e3e3e; FONT-SIZE: 12pt; mso-ascii-font-family: Helvetica; mso-hansi-font-family: Helvetica; mso-bidi-font-family: Helvetica">万的准入门槛,将内地最活跃最庞大的投资群体拒之门外,逼回池子里;</SPAN><SPAN style="FONT-FAMILY: 'Helvetica','sans-serif'; COLOR: #3e3e3e; FONT-SIZE: 12pt; mso-fareast-font-family: 宋体; mso-bidi-font-family: Helvetica" lang=EN-US><o:p></o:p></SPAN></P> <P style="MARGIN: 0cm 0cm 12pt" class=MsoNormal><SPAN style="FONT-FAMILY: 'Helvetica','sans-serif'; COLOR: #3e3e3e; FONT-SIZE: 12pt; mso-fareast-font-family: 宋体; mso-bidi-font-family: Helvetica" lang=EN-US>5</SPAN><SPAN style="FONT-FAMILY: 宋体; COLOR: #3e3e3e; FONT-SIZE: 12pt; mso-ascii-font-family: Helvetica; mso-hansi-font-family: Helvetica; mso-bidi-font-family: Helvetica">,双城计划真能打通任督二脉?沪市</SPAN><SPAN style="FONT-FAMILY: 'Helvetica','sans-serif'; COLOR: #3e3e3e; FONT-SIZE: 12pt; mso-fareast-font-family: 宋体; mso-bidi-font-family: Helvetica" lang=EN-US>130</SPAN><SPAN style="FONT-FAMILY: 宋体; COLOR: #3e3e3e; FONT-SIZE: 12pt; mso-ascii-font-family: Helvetica; mso-hansi-font-family: Helvetica; mso-bidi-font-family: Helvetica">亿的日投资额度,外带一个</SPAN><SPAN style="FONT-FAMILY: 'Helvetica','sans-serif'; COLOR: #3e3e3e; FONT-SIZE: 12pt; mso-fareast-font-family: 宋体; mso-bidi-font-family: Helvetica" lang=EN-US>3000</SPAN><SPAN style="FONT-FAMILY: 宋体; COLOR: #3e3e3e; FONT-SIZE: 12pt; mso-ascii-font-family: Helvetica; mso-hansi-font-family: Helvetica; mso-bidi-font-family: Helvetica">亿的交易总额限制,几百支大象股,</SPAN><SPAN style="FONT-FAMILY: 'Helvetica','sans-serif'; COLOR: #3e3e3e; FONT-SIZE: 12pt; mso-fareast-font-family: 宋体; mso-bidi-font-family: Helvetica" lang=EN-US>T+1</SPAN><SPAN style="FONT-FAMILY: 宋体; COLOR: #3e3e3e; FONT-SIZE: 12pt; mso-ascii-font-family: Helvetica; mso-hansi-font-family: Helvetica; mso-bidi-font-family: Helvetica">,还要面对精通奇门遁甲的内地同行,火云邪神也得掂量掂量。</SPAN><SPAN style="FONT-FAMILY: 'Helvetica','sans-serif'; COLOR: #3e3e3e; FONT-SIZE: 12pt; mso-fareast-font-family: 宋体; mso-bidi-font-family: Helvetica" lang=EN-US><o:p></o:p></SPAN></P> <P style="MARGIN: 0cm 0cm 12pt" class=MsoNormal><SPAN style="FONT-FAMILY: 宋体; COLOR: #3e3e3e; FONT-SIZE: 12pt; mso-ascii-font-family: Helvetica; mso-hansi-font-family: Helvetica; mso-bidi-font-family: Helvetica">本人对沪港通的粗浅判断:</SPAN><SPAN style="FONT-FAMILY: 'Helvetica','sans-serif'; COLOR: #3e3e3e; FONT-SIZE: 12pt; mso-fareast-font-family: 宋体; mso-bidi-font-family: Helvetica" lang=EN-US><o:p></o:p></SPAN></P> <P style="MARGIN: 0cm 0cm 12pt" class=MsoNormal><SPAN style="FONT-FAMILY: 'Helvetica','sans-serif'; COLOR: #3e3e3e; FONT-SIZE: 12pt; mso-fareast-font-family: 宋体; mso-bidi-font-family: Helvetica" lang=EN-US>1</SPAN><SPAN style="FONT-FAMILY: 宋体; COLOR: #3e3e3e; FONT-SIZE: 12pt; mso-ascii-font-family: Helvetica; mso-hansi-font-family: Helvetica; mso-bidi-font-family: Helvetica">,两地市场的零和游戏。</SPAN><SPAN style="FONT-FAMILY: 'Helvetica','sans-serif'; COLOR: #3e3e3e; FONT-SIZE: 12pt; mso-fareast-font-family: 宋体; mso-bidi-font-family: Helvetica" lang=EN-US>A</SPAN><SPAN style="FONT-FAMILY: 宋体; COLOR: #3e3e3e; FONT-SIZE: 12pt; mso-ascii-font-family: Helvetica; mso-hansi-font-family: Helvetica; mso-bidi-font-family: Helvetica">股市场的资金渠道实质上已经国际化,更别说香港股市。因此,两地投资标的本身价值才是资金量度的重点,制度红利已经无法吸引增量资金进场。</SPAN><SPAN style="FONT-FAMILY: 'Helvetica','sans-serif'; COLOR: #3e3e3e; FONT-SIZE: 12pt; mso-fareast-font-family: 宋体; mso-bidi-font-family: Helvetica" lang=EN-US><o:p></o:p></SPAN></P> <P style="MARGIN: 0cm 0cm 12pt" class=MsoNormal><SPAN style="FONT-FAMILY: 'Helvetica','sans-serif'; COLOR: #3e3e3e; FONT-SIZE: 12pt; mso-fareast-font-family: 宋体; mso-bidi-font-family: Helvetica" lang=EN-US>2</SPAN><SPAN style="FONT-FAMILY: 宋体; COLOR: #3e3e3e; FONT-SIZE: 12pt; mso-ascii-font-family: Helvetica; mso-hansi-font-family: Helvetica; mso-bidi-font-family: Helvetica">,零和游戏下的两地博弈。所谓的主场原则,核心就是双方都不想改变现有规则,又都想吸引对方资金进场,然后再在交易资格、投资标的、总额度和日额度上设置维稳防火墙。</SPAN><SPAN style="FONT-FAMILY: 'Helvetica','sans-serif'; COLOR: #3e3e3e; FONT-SIZE: 12pt; mso-fareast-font-family: 宋体; mso-bidi-font-family: Helvetica" lang=EN-US><o:p></o:p></SPAN></P> <P style="MARGIN: 0cm 0cm 0pt" class=MsoNormal><SPAN style="FONT-FAMILY: 'Helvetica','sans-serif'; COLOR: #3e3e3e; FONT-SIZE: 12pt; mso-fareast-font-family: 宋体; mso-bidi-font-family: Helvetica" lang=EN-US>3</SPAN><SPAN style="FONT-FAMILY: 宋体; COLOR: #3e3e3e; FONT-SIZE: 12pt; mso-ascii-font-family: Helvetica; mso-hansi-font-family: Helvetica; mso-bidi-font-family: Helvetica">,沪港通的唯一目的是</SPAN><SPAN style="FONT-FAMILY: 'Helvetica','sans-serif'; COLOR: #3e3e3e; FONT-SIZE: 12pt; mso-fareast-font-family: 宋体; mso-bidi-font-family: Helvetica" lang=EN-US>“</SPAN><SPAN style="FONT-FAMILY: 宋体; COLOR: #3e3e3e; FONT-SIZE: 12pt; mso-ascii-font-family: Helvetica; mso-hansi-font-family: Helvetica; mso-bidi-font-family: Helvetica">刺激</SPAN><SPAN style="FONT-FAMILY: 'Helvetica','sans-serif'; COLOR: #3e3e3e; FONT-SIZE: 12pt; mso-fareast-font-family: 宋体; mso-bidi-font-family: Helvetica" lang=EN-US>”</SPAN><SPAN style="FONT-FAMILY: 宋体; COLOR: #3e3e3e; FONT-SIZE: 12pt; mso-ascii-font-family: Helvetica; mso-hansi-font-family: Helvetica; mso-bidi-font-family: Helvetica">内地股民消费。虚拟一个强劲的外资,强化蓝筹价值低估舆论引导,在强烈的赚钱暗示效应下,吸引资金入场买入指标股,以此拉动股指上涨。轰轰烈烈的沪港通,以投资市场改革创新的面目揭幕,终将以掩护国企证券化套现而结束。</SPAN><SPAN style="FONT-FAMILY: 'Helvetica','sans-serif'; COLOR: #3e3e3e; FONT-SIZE: 3pt; mso-fareast-font-family: 宋体; mso-bidi-font-family: Helvetica" lang=EN-US><BR></SPAN><SPAN style="FONT-FAMILY: 宋体; COLOR: #3e3e3e; FONT-SIZE: 12pt; mso-ascii-font-family: Helvetica; mso-hansi-font-family: Helvetica; mso-bidi-font-family: Helvetica">俩女孩相约第二天逛街,都知道明天会下雨,但都指望对方而自己没带伞,所以都湿身了。这就是博弈理论。但愿我们不是囚徒。个人观点,仅供参考。</SPAN><SPAN style="FONT-FAMILY: 'Helvetica','sans-serif'; COLOR: #3e3e3e; FONT-SIZE: 12pt; mso-fareast-font-family: 宋体; mso-bidi-font-family: Helvetica" lang=EN-US><o:p></o:p></SPAN></P> <P style="MARGIN: 0cm 0cm 10pt" class=MsoNormal><SPAN lang=EN-US><o:p>&nbsp;</o:p></SPAN></P>

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  2. <P style="MARGIN: 0cm 0cm 0pt" class=Publishwithline><STRONG><FONT color=#17365d><SPAN style="FONT-FAMILY: 宋体; FONT-SIZE: 15pt; mso-ascii-font-family: Helvetica; mso-fareast-font-family: 宋体; mso-fareast-theme-font: major-fareast; mso-hansi-font-family: Helvetica; mso-bidi-font-family: Helvetica">沪港通——心照不宣的二人转</SPAN><SPAN style="FONT-SIZE: 15pt; mso-ascii-font-family: Helvetica; mso-hansi-font-family: Helvetica; mso-bidi-font-family: Helvetica" lang=EN-US><?xml:namespace prefix = w ns = "urn:schemas-microsoft-com:office:word" /><w:sdtPr></w:sdtPr></SPAN></FONT></STRONG></P> <DIV style="BORDER-BOTTOM: #4f81bd 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 2pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm; mso-border-bottom-themecolor: accent1; mso-element: para-border-div"> <P style="MARGIN: 2pt 0cm 0pt" class=underline><SPAN lang=EN-US><?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" /><o:p><FONT size=1>&nbsp;</FONT></o:p></SPAN></P></DIV> <P style="MARGIN: 0cm 0cm 6pt" class=PadderBetweenControlandBody><SPAN lang=EN-US><o:p><FONT size=1>&nbsp;</FONT></o:p></SPAN></P> <P style="MARGIN: 0cm 0cm 0pt" class=MsoNormal><SPAN style="FONT-FAMILY: 'Helvetica','sans-serif'; COLOR: #3e3e3e; FONT-SIZE: 12pt; mso-fareast-font-family: 宋体; mso-bidi-font-family: Helvetica" lang=EN-US>T+0</SPAN><SPAN style="FONT-FAMILY: 宋体; COLOR: #3e3e3e; FONT-SIZE: 12pt; mso-ascii-font-family: Helvetica; mso-hansi-font-family: Helvetica; mso-bidi-font-family: Helvetica">研究了</SPAN><SPAN style="FONT-FAMILY: 'Helvetica','sans-serif'; COLOR: #3e3e3e; FONT-SIZE: 12pt; mso-fareast-font-family: 宋体; mso-bidi-font-family: Helvetica" lang=EN-US>N</SPAN><SPAN style="FONT-FAMILY: 宋体; COLOR: #3e3e3e; FONT-SIZE: 12pt; mso-ascii-font-family: Helvetica; mso-hansi-font-family: Helvetica; mso-bidi-font-family: Helvetica">年还难产的证监会,这次效率高得仅次于中纪委,半年时间就全面催熟了沪港通,仔细看完交易规则,本人不由感慨万分,这空手套狼的活儿如今拿来套人了。为了表明并非恶意攻击改革,先自问自答</SPAN><SPAN style="FONT-FAMILY: 'Helvetica','sans-serif'; COLOR: #3e3e3e; FONT-SIZE: 12pt; mso-fareast-font-family: 宋体; mso-bidi-font-family: Helvetica" lang=EN-US>5</SPAN><SPAN style="FONT-FAMILY: 宋体; COLOR: #3e3e3e; FONT-SIZE: 12pt; mso-ascii-font-family: Helvetica; mso-hansi-font-family: Helvetica; mso-bidi-font-family: Helvetica">个问题:</SPAN><SPAN style="FONT-FAMILY: 'Helvetica','sans-serif'; COLOR: #3e3e3e; FONT-SIZE: 3pt; mso-fareast-font-family: 宋体; mso-bidi-font-family: Helvetica" lang=EN-US><BR></SPAN><SPAN style="FONT-FAMILY: 'Helvetica','sans-serif'; COLOR: #3e3e3e; FONT-SIZE: 12pt; mso-fareast-font-family: 宋体; mso-bidi-font-family: Helvetica" lang=EN-US>1</SPAN><SPAN style="FONT-FAMILY: 宋体; COLOR: #3e3e3e; FONT-SIZE: 12pt; mso-ascii-font-family: Helvetica; mso-hansi-font-family: Helvetica; mso-bidi-font-family: Helvetica">,港资以前不能进入沪市吗?郭主席当年亲自招商引资的赤诚之心可表日月;</SPAN><SPAN style="FONT-FAMILY: 'Helvetica','sans-serif'; COLOR: #3e3e3e; FONT-SIZE: 12pt; mso-fareast-font-family: 宋体; mso-bidi-font-family: Helvetica" lang=EN-US><o:p></o:p></SPAN></P> <P style="MARGIN: 0cm 0cm 12pt" class=MsoNormal><SPAN style="FONT-FAMILY: 'Helvetica','sans-serif'; COLOR: #3e3e3e; FONT-SIZE: 12pt; mso-fareast-font-family: 宋体; mso-bidi-font-family: Helvetica" lang=EN-US><BR>2</SPAN><SPAN style="FONT-FAMILY: 宋体; COLOR: #3e3e3e; FONT-SIZE: 12pt; mso-ascii-font-family: Helvetica; mso-hansi-font-family: Helvetica; mso-bidi-font-family: Helvetica">,海外资金会疯抢沪市标的股吗?作为主人的我们,简单换位就可回答;</SPAN><SPAN style="FONT-FAMILY: 'Helvetica','sans-serif'; COLOR: #3e3e3e; FONT-SIZE: 12pt; mso-fareast-font-family: 宋体; mso-bidi-font-family: Helvetica" lang=EN-US><o:p></o:p></SPAN></P> <P style="MARGIN: 0cm 0cm 12pt" class=MsoNormal><SPAN style="FONT-FAMILY: 'Helvetica','sans-serif'; COLOR: #3e3e3e; FONT-SIZE: 12pt; mso-fareast-font-family: 宋体; mso-bidi-font-family: Helvetica" lang=EN-US>3</SPAN><SPAN style="FONT-FAMILY: 宋体; COLOR: #3e3e3e; FONT-SIZE: 12pt; mso-ascii-font-family: Helvetica; mso-hansi-font-family: Helvetica; mso-bidi-font-family: Helvetica">,内地股民以前买不到港股吗?不一定。池子理论只是针对中国大陆而言,更精确的讲,池子里圈住的只是中小投资者的资金,而且早已跑冒滴漏;</SPAN><SPAN style="FONT-FAMILY: 'Helvetica','sans-serif'; COLOR: #3e3e3e; FONT-SIZE: 12pt; mso-fareast-font-family: 宋体; mso-bidi-font-family: Helvetica" lang=EN-US><o:p></o:p></SPAN></P> <P style="MARGIN: 0cm 0cm 12pt" class=MsoNormal><SPAN style="FONT-FAMILY: 'Helvetica','sans-serif'; COLOR: #3e3e3e; FONT-SIZE: 12pt; mso-fareast-font-family: 宋体; mso-bidi-font-family: Helvetica" lang=EN-US>4</SPAN><SPAN style="FONT-FAMILY: 宋体; COLOR: #3e3e3e; FONT-SIZE: 12pt; mso-ascii-font-family: Helvetica; mso-hansi-font-family: Helvetica; mso-bidi-font-family: Helvetica">,内地股民会疯抢港股标的吗?理论上会。在港人眼里稀松平常的股票,对我们都是质地优良的绩优股,何况还有</SPAN><SPAN style="FONT-FAMILY: 'Helvetica','sans-serif'; COLOR: #3e3e3e; FONT-SIZE: 12pt; mso-fareast-font-family: 宋体; mso-bidi-font-family: Helvetica" lang=EN-US>T+0</SPAN><SPAN style="FONT-FAMILY: 宋体; COLOR: #3e3e3e; FONT-SIZE: 12pt; mso-ascii-font-family: Helvetica; mso-hansi-font-family: Helvetica; mso-bidi-font-family: Helvetica">、交易成本低的优势。实际上不会,因为</SPAN><SPAN style="FONT-FAMILY: 'Helvetica','sans-serif'; COLOR: #3e3e3e; FONT-SIZE: 12pt; mso-fareast-font-family: 宋体; mso-bidi-font-family: Helvetica" lang=EN-US>50</SPAN><SPAN style="FONT-FAMILY: 宋体; COLOR: #3e3e3e; FONT-SIZE: 12pt; mso-ascii-font-family: Helvetica; mso-hansi-font-family: Helvetica; mso-bidi-font-family: Helvetica">万的准入门槛,将内地最活跃最庞大的投资群体拒之门外,逼回池子里;</SPAN><SPAN style="FONT-FAMILY: 'Helvetica','sans-serif'; COLOR: #3e3e3e; FONT-SIZE: 12pt; mso-fareast-font-family: 宋体; mso-bidi-font-family: Helvetica" lang=EN-US><o:p></o:p></SPAN></P> <P style="MARGIN: 0cm 0cm 12pt" class=MsoNormal><SPAN style="FONT-FAMILY: 'Helvetica','sans-serif'; COLOR: #3e3e3e; FONT-SIZE: 12pt; mso-fareast-font-family: 宋体; mso-bidi-font-family: Helvetica" lang=EN-US>5</SPAN><SPAN style="FONT-FAMILY: 宋体; COLOR: #3e3e3e; FONT-SIZE: 12pt; mso-ascii-font-family: Helvetica; mso-hansi-font-family: Helvetica; mso-bidi-font-family: Helvetica">,双城计划真能打通任督二脉?沪市</SPAN><SPAN style="FONT-FAMILY: 'Helvetica','sans-serif'; COLOR: #3e3e3e; FONT-SIZE: 12pt; mso-fareast-font-family: 宋体; mso-bidi-font-family: Helvetica" lang=EN-US>130</SPAN><SPAN style="FONT-FAMILY: 宋体; COLOR: #3e3e3e; FONT-SIZE: 12pt; mso-ascii-font-family: Helvetica; mso-hansi-font-family: Helvetica; mso-bidi-font-family: Helvetica">亿的日投资额度,外带一个</SPAN><SPAN style="FONT-FAMILY: 'Helvetica','sans-serif'; COLOR: #3e3e3e; FONT-SIZE: 12pt; mso-fareast-font-family: 宋体; mso-bidi-font-family: Helvetica" lang=EN-US>3000</SPAN><SPAN style="FONT-FAMILY: 宋体; COLOR: #3e3e3e; FONT-SIZE: 12pt; mso-ascii-font-family: Helvetica; mso-hansi-font-family: Helvetica; mso-bidi-font-family: Helvetica">亿的交易总额限制,几百支大象股,</SPAN><SPAN style="FONT-FAMILY: 'Helvetica','sans-serif'; COLOR: #3e3e3e; FONT-SIZE: 12pt; mso-fareast-font-family: 宋体; mso-bidi-font-family: Helvetica" lang=EN-US>T+1</SPAN><SPAN style="FONT-FAMILY: 宋体; COLOR: #3e3e3e; FONT-SIZE: 12pt; mso-ascii-font-family: Helvetica; mso-hansi-font-family: Helvetica; mso-bidi-font-family: Helvetica">,还要面对精通奇门遁甲的内地同行,火云邪神也得掂量掂量。</SPAN><SPAN style="FONT-FAMILY: 'Helvetica','sans-serif'; COLOR: #3e3e3e; FONT-SIZE: 12pt; mso-fareast-font-family: 宋体; mso-bidi-font-family: Helvetica" lang=EN-US><o:p></o:p></SPAN></P> <P style="MARGIN: 0cm 0cm 12pt" class=MsoNormal><SPAN style="FONT-FAMILY: 宋体; COLOR: #3e3e3e; FONT-SIZE: 12pt; mso-ascii-font-family: Helvetica; mso-hansi-font-family: Helvetica; mso-bidi-font-family: Helvetica">本人对沪港通的粗浅判断:</SPAN><SPAN style="FONT-FAMILY: 'Helvetica','sans-serif'; COLOR: #3e3e3e; FONT-SIZE: 12pt; mso-fareast-font-family: 宋体; mso-bidi-font-family: Helvetica" lang=EN-US><o:p></o:p></SPAN></P> <P style="MARGIN: 0cm 0cm 12pt" class=MsoNormal><SPAN style="FONT-FAMILY: 'Helvetica','sans-serif'; COLOR: #3e3e3e; FONT-SIZE: 12pt; mso-fareast-font-family: 宋体; mso-bidi-font-family: Helvetica" lang=EN-US>1</SPAN><SPAN style="FONT-FAMILY: 宋体; COLOR: #3e3e3e; FONT-SIZE: 12pt; mso-ascii-font-family: Helvetica; mso-hansi-font-family: Helvetica; mso-bidi-font-family: Helvetica">,两地市场的零和游戏。</SPAN><SPAN style="FONT-FAMILY: 'Helvetica','sans-serif'; COLOR: #3e3e3e; FONT-SIZE: 12pt; mso-fareast-font-family: 宋体; mso-bidi-font-family: Helvetica" lang=EN-US>A</SPAN><SPAN style="FONT-FAMILY: 宋体; COLOR: #3e3e3e; FONT-SIZE: 12pt; mso-ascii-font-family: Helvetica; mso-hansi-font-family: Helvetica; mso-bidi-font-family: Helvetica">股市场的资金渠道实质上已经国际化,更别说香港股市。因此,两地投资标的本身价值才是资金量度的重点,制度红利已经无法吸引增量资金进场。</SPAN><SPAN style="FONT-FAMILY: 'Helvetica','sans-serif'; COLOR: #3e3e3e; FONT-SIZE: 12pt; mso-fareast-font-family: 宋体; mso-bidi-font-family: Helvetica" lang=EN-US><o:p></o:p></SPAN></P> <P style="MARGIN: 0cm 0cm 12pt" class=MsoNormal><SPAN style="FONT-FAMILY: 'Helvetica','sans-serif'; COLOR: #3e3e3e; FONT-SIZE: 12pt; mso-fareast-font-family: 宋体; mso-bidi-font-family: Helvetica" lang=EN-US>2</SPAN><SPAN style="FONT-FAMILY: 宋体; COLOR: #3e3e3e; FONT-SIZE: 12pt; mso-ascii-font-family: Helvetica; mso-hansi-font-family: Helvetica; mso-bidi-font-family: Helvetica">,零和游戏下的两地博弈。所谓的主场原则,核心就是双方都不想改变现有规则,又都想吸引对方资金进场,然后再在交易资格、投资标的、总额度和日额度上设置维稳防火墙。</SPAN><SPAN style="FONT-FAMILY: 'Helvetica','sans-serif'; COLOR: #3e3e3e; FONT-SIZE: 12pt; mso-fareast-font-family: 宋体; mso-bidi-font-family: Helvetica" lang=EN-US><o:p></o:p></SPAN></P> <P style="MARGIN: 0cm 0cm 0pt" class=MsoNormal><SPAN style="FONT-FAMILY: 'Helvetica','sans-serif'; COLOR: #3e3e3e; FONT-SIZE: 12pt; mso-fareast-font-family: 宋体; mso-bidi-font-family: Helvetica" lang=EN-US>3</SPAN><SPAN style="FONT-FAMILY: 宋体; COLOR: #3e3e3e; FONT-SIZE: 12pt; mso-ascii-font-family: Helvetica; mso-hansi-font-family: Helvetica; mso-bidi-font-family: Helvetica">,沪港通的唯一目的是</SPAN><SPAN style="FONT-FAMILY: 'Helvetica','sans-serif'; COLOR: #3e3e3e; FONT-SIZE: 12pt; mso-fareast-font-family: 宋体; mso-bidi-font-family: Helvetica" lang=EN-US>“</SPAN><SPAN style="FONT-FAMILY: 宋体; COLOR: #3e3e3e; FONT-SIZE: 12pt; mso-ascii-font-family: Helvetica; mso-hansi-font-family: Helvetica; mso-bidi-font-family: Helvetica">刺激</SPAN><SPAN style="FONT-FAMILY: 'Helvetica','sans-serif'; COLOR: #3e3e3e; FONT-SIZE: 12pt; mso-fareast-font-family: 宋体; mso-bidi-font-family: Helvetica" lang=EN-US>”</SPAN><SPAN style="FONT-FAMILY: 宋体; COLOR: #3e3e3e; FONT-SIZE: 12pt; mso-ascii-font-family: Helvetica; mso-hansi-font-family: Helvetica; mso-bidi-font-family: Helvetica">内地股民消费。虚拟一个强劲的外资,强化蓝筹价值低估舆论引导,在强烈的赚钱暗示效应下,吸引资金入场买入指标股,以此拉动股指上涨。轰轰烈烈的沪港通,以投资市场改革创新的面目揭幕,终将以掩护国企证券化套现而结束。</SPAN><SPAN style="FONT-FAMILY: 'Helvetica','sans-serif'; COLOR: #3e3e3e; FONT-SIZE: 3pt; mso-fareast-font-family: 宋体; mso-bidi-font-family: Helvetica" lang=EN-US><BR></SPAN><SPAN style="FONT-FAMILY: 宋体; COLOR: #3e3e3e; FONT-SIZE: 12pt; mso-ascii-font-family: Helvetica; mso-hansi-font-family: Helvetica; mso-bidi-font-family: Helvetica">俩女孩相约第二天逛街,都知道明天会下雨,但都指望对方而自己没带伞,所以都湿身了。这就是博弈理论。但愿我们不是囚徒。个人观点,仅供参考。</SPAN><SPAN style="FONT-FAMILY: 'Helvetica','sans-serif'; COLOR: #3e3e3e; FONT-SIZE: 12pt; mso-fareast-font-family: 宋体; mso-bidi-font-family: Helvetica" lang=EN-US><o:p></o:p></SPAN></P>

    帖子:陈荐忠:不要养成这些错误的交易

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  3. <P style="MARGIN: 0cm 0cm 0pt" class=Publishwithline><STRONG><FONT color=#17365d><SPAN style="FONT-FAMILY: 宋体; FONT-SIZE: 15pt; mso-ascii-font-family: Helvetica; mso-fareast-font-family: 宋体; mso-fareast-theme-font: major-fareast; mso-hansi-font-family: Helvetica; mso-bidi-font-family: Helvetica">沪港通——心照不宣的二人转</SPAN><SPAN style="FONT-SIZE: 15pt; mso-ascii-font-family: Helvetica; mso-hansi-font-family: Helvetica; mso-bidi-font-family: Helvetica" lang=EN-US><?xml:namespace prefix = w ns = "urn:schemas-microsoft-com:office:word" /><w:sdtPr></w:sdtPr></SPAN></FONT></STRONG></P> <DIV style="BORDER-BOTTOM: #4f81bd 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 2pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm; mso-border-bottom-themecolor: accent1; mso-element: para-border-div"> <P style="MARGIN: 2pt 0cm 0pt" class=underline><SPAN lang=EN-US><?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" /><o:p><FONT size=1>&nbsp;</FONT></o:p></SPAN></P></DIV> <P style="MARGIN: 0cm 0cm 6pt" class=PadderBetweenControlandBody><SPAN lang=EN-US><o:p><FONT size=1>&nbsp;</FONT></o:p></SPAN></P> <P style="MARGIN: 0cm 0cm 0pt" class=MsoNormal><SPAN style="FONT-FAMILY: 'Helvetica','sans-serif'; COLOR: #3e3e3e; FONT-SIZE: 12pt; mso-fareast-font-family: 宋体; mso-bidi-font-family: Helvetica" lang=EN-US>T+0</SPAN><SPAN style="FONT-FAMILY: 宋体; COLOR: #3e3e3e; FONT-SIZE: 12pt; mso-ascii-font-family: Helvetica; mso-hansi-font-family: Helvetica; mso-bidi-font-family: Helvetica">研究了</SPAN><SPAN style="FONT-FAMILY: 'Helvetica','sans-serif'; COLOR: #3e3e3e; FONT-SIZE: 12pt; mso-fareast-font-family: 宋体; mso-bidi-font-family: Helvetica" lang=EN-US>N</SPAN><SPAN style="FONT-FAMILY: 宋体; COLOR: #3e3e3e; FONT-SIZE: 12pt; mso-ascii-font-family: Helvetica; mso-hansi-font-family: Helvetica; mso-bidi-font-family: Helvetica">年还难产的证监会,这次效率高得仅次于中纪委,半年时间就全面催熟了沪港通,仔细看完交易规则,本人不由感慨万分,这空手套狼的活儿如今拿来套人了。为了表明并非恶意攻击改革,先自问自答</SPAN><SPAN style="FONT-FAMILY: 'Helvetica','sans-serif'; COLOR: #3e3e3e; FONT-SIZE: 12pt; mso-fareast-font-family: 宋体; mso-bidi-font-family: Helvetica" lang=EN-US>5</SPAN><SPAN style="FONT-FAMILY: 宋体; COLOR: #3e3e3e; FONT-SIZE: 12pt; mso-ascii-font-family: Helvetica; mso-hansi-font-family: Helvetica; mso-bidi-font-family: Helvetica">个问题:</SPAN><SPAN style="FONT-FAMILY: 'Helvetica','sans-serif'; COLOR: #3e3e3e; FONT-SIZE: 3pt; mso-fareast-font-family: 宋体; mso-bidi-font-family: Helvetica" lang=EN-US><BR></SPAN><SPAN style="FONT-FAMILY: 'Helvetica','sans-serif'; COLOR: #3e3e3e; FONT-SIZE: 12pt; mso-fareast-font-family: 宋体; mso-bidi-font-family: Helvetica" lang=EN-US>1</SPAN><SPAN style="FONT-FAMILY: 宋体; COLOR: #3e3e3e; FONT-SIZE: 12pt; mso-ascii-font-family: Helvetica; mso-hansi-font-family: Helvetica; mso-bidi-font-family: Helvetica">,港资以前不能进入沪市吗?郭主席当年亲自招商引资的赤诚之心可表日月;</SPAN><SPAN style="FONT-FAMILY: 'Helvetica','sans-serif'; COLOR: #3e3e3e; FONT-SIZE: 12pt; mso-fareast-font-family: 宋体; mso-bidi-font-family: Helvetica" lang=EN-US><o:p></o:p></SPAN></P> <P style="MARGIN: 0cm 0cm 12pt" class=MsoNormal><SPAN style="FONT-FAMILY: 'Helvetica','sans-serif'; COLOR: #3e3e3e; FONT-SIZE: 12pt; mso-fareast-font-family: 宋体; mso-bidi-font-family: Helvetica" lang=EN-US><BR>2</SPAN><SPAN style="FONT-FAMILY: 宋体; COLOR: #3e3e3e; FONT-SIZE: 12pt; mso-ascii-font-family: Helvetica; mso-hansi-font-family: Helvetica; mso-bidi-font-family: Helvetica">,海外资金会疯抢沪市标的股吗?作为主人的我们,简单换位就可回答;</SPAN><SPAN style="FONT-FAMILY: 'Helvetica','sans-serif'; COLOR: #3e3e3e; FONT-SIZE: 12pt; mso-fareast-font-family: 宋体; mso-bidi-font-family: Helvetica" lang=EN-US><o:p></o:p></SPAN></P> <P style="MARGIN: 0cm 0cm 12pt" class=MsoNormal><SPAN style="FONT-FAMILY: 'Helvetica','sans-serif'; COLOR: #3e3e3e; FONT-SIZE: 12pt; mso-fareast-font-family: 宋体; mso-bidi-font-family: Helvetica" lang=EN-US>3</SPAN><SPAN style="FONT-FAMILY: 宋体; COLOR: #3e3e3e; FONT-SIZE: 12pt; mso-ascii-font-family: Helvetica; mso-hansi-font-family: Helvetica; mso-bidi-font-family: Helvetica">,内地股民以前买不到港股吗?不一定。池子理论只是针对中国大陆而言,更精确的讲,池子里圈住的只是中小投资者的资金,而且早已跑冒滴漏;</SPAN><SPAN style="FONT-FAMILY: 'Helvetica','sans-serif'; COLOR: #3e3e3e; FONT-SIZE: 12pt; mso-fareast-font-family: 宋体; mso-bidi-font-family: Helvetica" lang=EN-US><o:p></o:p></SPAN></P> <P style="MARGIN: 0cm 0cm 12pt" class=MsoNormal><SPAN style="FONT-FAMILY: 'Helvetica','sans-serif'; COLOR: #3e3e3e; FONT-SIZE: 12pt; mso-fareast-font-family: 宋体; mso-bidi-font-family: Helvetica" lang=EN-US>4</SPAN><SPAN style="FONT-FAMILY: 宋体; COLOR: #3e3e3e; FONT-SIZE: 12pt; mso-ascii-font-family: Helvetica; mso-hansi-font-family: Helvetica; mso-bidi-font-family: Helvetica">,内地股民会疯抢港股标的吗?理论上会。在港人眼里稀松平常的股票,对我们都是质地优良的绩优股,何况还有</SPAN><SPAN style="FONT-FAMILY: 'Helvetica','sans-serif'; COLOR: #3e3e3e; FONT-SIZE: 12pt; mso-fareast-font-family: 宋体; mso-bidi-font-family: Helvetica" lang=EN-US>T+0</SPAN><SPAN style="FONT-FAMILY: 宋体; COLOR: #3e3e3e; FONT-SIZE: 12pt; mso-ascii-font-family: Helvetica; mso-hansi-font-family: Helvetica; mso-bidi-font-family: Helvetica">、交易成本低的优势。实际上不会,因为</SPAN><SPAN style="FONT-FAMILY: 'Helvetica','sans-serif'; COLOR: #3e3e3e; FONT-SIZE: 12pt; mso-fareast-font-family: 宋体; mso-bidi-font-family: Helvetica" lang=EN-US>50</SPAN><SPAN style="FONT-FAMILY: 宋体; COLOR: #3e3e3e; FONT-SIZE: 12pt; mso-ascii-font-family: Helvetica; mso-hansi-font-family: Helvetica; mso-bidi-font-family: Helvetica">万的准入门槛,将内地最活跃最庞大的投资群体拒之门外,逼回池子里;</SPAN><SPAN style="FONT-FAMILY: 'Helvetica','sans-serif'; COLOR: #3e3e3e; FONT-SIZE: 12pt; mso-fareast-font-family: 宋体; mso-bidi-font-family: Helvetica" lang=EN-US><o:p></o:p></SPAN></P> <P style="MARGIN: 0cm 0cm 12pt" class=MsoNormal><SPAN style="FONT-FAMILY: 'Helvetica','sans-serif'; COLOR: #3e3e3e; FONT-SIZE: 12pt; mso-fareast-font-family: 宋体; mso-bidi-font-family: Helvetica" lang=EN-US>5</SPAN><SPAN style="FONT-FAMILY: 宋体; COLOR: #3e3e3e; FONT-SIZE: 12pt; mso-ascii-font-family: Helvetica; mso-hansi-font-family: Helvetica; mso-bidi-font-family: Helvetica">,双城计划真能打通任督二脉?沪市</SPAN><SPAN style="FONT-FAMILY: 'Helvetica','sans-serif'; COLOR: #3e3e3e; FONT-SIZE: 12pt; mso-fareast-font-family: 宋体; mso-bidi-font-family: Helvetica" lang=EN-US>130</SPAN><SPAN style="FONT-FAMILY: 宋体; COLOR: #3e3e3e; FONT-SIZE: 12pt; mso-ascii-font-family: Helvetica; mso-hansi-font-family: Helvetica; mso-bidi-font-family: Helvetica">亿的日投资额度,外带一个</SPAN><SPAN style="FONT-FAMILY: 'Helvetica','sans-serif'; COLOR: #3e3e3e; FONT-SIZE: 12pt; mso-fareast-font-family: 宋体; mso-bidi-font-family: Helvetica" lang=EN-US>3000</SPAN><SPAN style="FONT-FAMILY: 宋体; COLOR: #3e3e3e; FONT-SIZE: 12pt; mso-ascii-font-family: Helvetica; mso-hansi-font-family: Helvetica; mso-bidi-font-family: Helvetica">亿的交易总额限制,几百支大象股,</SPAN><SPAN style="FONT-FAMILY: 'Helvetica','sans-serif'; COLOR: #3e3e3e; FONT-SIZE: 12pt; mso-fareast-font-family: 宋体; mso-bidi-font-family: Helvetica" lang=EN-US>T+1</SPAN><SPAN style="FONT-FAMILY: 宋体; COLOR: #3e3e3e; FONT-SIZE: 12pt; mso-ascii-font-family: Helvetica; mso-hansi-font-family: Helvetica; mso-bidi-font-family: Helvetica">,还要面对精通奇门遁甲的内地同行,火云邪神也得掂量掂量。</SPAN><SPAN style="FONT-FAMILY: 'Helvetica','sans-serif'; COLOR: #3e3e3e; FONT-SIZE: 12pt; mso-fareast-font-family: 宋体; mso-bidi-font-family: Helvetica" lang=EN-US><o:p></o:p></SPAN></P> <P style="MARGIN: 0cm 0cm 12pt" class=MsoNormal><SPAN style="FONT-FAMILY: 宋体; COLOR: #3e3e3e; FONT-SIZE: 12pt; mso-ascii-font-family: Helvetica; mso-hansi-font-family: Helvetica; mso-bidi-font-family: Helvetica">本人对沪港通的粗浅判断:</SPAN><SPAN style="FONT-FAMILY: 'Helvetica','sans-serif'; COLOR: #3e3e3e; FONT-SIZE: 12pt; mso-fareast-font-family: 宋体; mso-bidi-font-family: Helvetica" lang=EN-US><o:p></o:p></SPAN></P> <P style="MARGIN: 0cm 0cm 12pt" class=MsoNormal><SPAN style="FONT-FAMILY: 'Helvetica','sans-serif'; COLOR: #3e3e3e; FONT-SIZE: 12pt; mso-fareast-font-family: 宋体; mso-bidi-font-family: Helvetica" lang=EN-US>1</SPAN><SPAN style="FONT-FAMILY: 宋体; COLOR: #3e3e3e; FONT-SIZE: 12pt; mso-ascii-font-family: Helvetica; mso-hansi-font-family: Helvetica; mso-bidi-font-family: Helvetica">,两地市场的零和游戏。</SPAN><SPAN style="FONT-FAMILY: 'Helvetica','sans-serif'; COLOR: #3e3e3e; FONT-SIZE: 12pt; mso-fareast-font-family: 宋体; mso-bidi-font-family: Helvetica" lang=EN-US>A</SPAN><SPAN style="FONT-FAMILY: 宋体; COLOR: #3e3e3e; FONT-SIZE: 12pt; mso-ascii-font-family: Helvetica; mso-hansi-font-family: Helvetica; mso-bidi-font-family: Helvetica">股市场的资金渠道实质上已经国际化,更别说香港股市。因此,两地投资标的本身价值才是资金量度的重点,制度红利已经无法吸引增量资金进场。</SPAN><SPAN style="FONT-FAMILY: 'Helvetica','sans-serif'; COLOR: #3e3e3e; FONT-SIZE: 12pt; mso-fareast-font-family: 宋体; mso-bidi-font-family: Helvetica" lang=EN-US><o:p></o:p></SPAN></P> <P style="MARGIN: 0cm 0cm 12pt" class=MsoNormal><SPAN style="FONT-FAMILY: 'Helvetica','sans-serif'; COLOR: #3e3e3e; FONT-SIZE: 12pt; mso-fareast-font-family: 宋体; mso-bidi-font-family: Helvetica" lang=EN-US>2</SPAN><SPAN style="FONT-FAMILY: 宋体; COLOR: #3e3e3e; FONT-SIZE: 12pt; mso-ascii-font-family: Helvetica; mso-hansi-font-family: Helvetica; mso-bidi-font-family: Helvetica">,零和游戏下的两地博弈。所谓的主场原则,核心就是双方都不想改变现有规则,又都想吸引对方资金进场,然后再在交易资格、投资标的、总额度和日额度上设置维稳防火墙。</SPAN><SPAN style="FONT-FAMILY: 'Helvetica','sans-serif'; COLOR: #3e3e3e; FONT-SIZE: 12pt; mso-fareast-font-family: 宋体; mso-bidi-font-family: Helvetica" lang=EN-US><o:p></o:p></SPAN></P> <P style="MARGIN: 0cm 0cm 0pt" class=MsoNormal><SPAN style="FONT-FAMILY: 'Helvetica','sans-serif'; COLOR: #3e3e3e; FONT-SIZE: 12pt; mso-fareast-font-family: 宋体; mso-bidi-font-family: Helvetica" lang=EN-US>3</SPAN><SPAN style="FONT-FAMILY: 宋体; COLOR: #3e3e3e; FONT-SIZE: 12pt; mso-ascii-font-family: Helvetica; mso-hansi-font-family: Helvetica; mso-bidi-font-family: Helvetica">,沪港通的唯一目的是</SPAN><SPAN style="FONT-FAMILY: 'Helvetica','sans-serif'; COLOR: #3e3e3e; FONT-SIZE: 12pt; mso-fareast-font-family: 宋体; mso-bidi-font-family: Helvetica" lang=EN-US>“</SPAN><SPAN style="FONT-FAMILY: 宋体; COLOR: #3e3e3e; FONT-SIZE: 12pt; mso-ascii-font-family: Helvetica; mso-hansi-font-family: Helvetica; mso-bidi-font-family: Helvetica">刺激</SPAN><SPAN style="FONT-FAMILY: 'Helvetica','sans-serif'; COLOR: #3e3e3e; FONT-SIZE: 12pt; mso-fareast-font-family: 宋体; mso-bidi-font-family: Helvetica" lang=EN-US>”</SPAN><SPAN style="FONT-FAMILY: 宋体; COLOR: #3e3e3e; FONT-SIZE: 12pt; mso-ascii-font-family: Helvetica; mso-hansi-font-family: Helvetica; mso-bidi-font-family: Helvetica">内地股民消费。虚拟一个强劲的外资,强化蓝筹价值低估舆论引导,在强烈的赚钱暗示效应下,吸引资金入场买入指标股,以此拉动股指上涨。轰轰烈烈的沪港通,以投资市场改革创新的面目揭幕,终将以掩护国企证券化套现而结束。</SPAN><SPAN style="FONT-FAMILY: 'Helvetica','sans-serif'; COLOR: #3e3e3e; FONT-SIZE: 3pt; mso-fareast-font-family: 宋体; mso-bidi-font-family: Helvetica" lang=EN-US><BR></SPAN><SPAN style="FONT-FAMILY: 宋体; COLOR: #3e3e3e; FONT-SIZE: 12pt; mso-ascii-font-family: Helvetica; mso-hansi-font-family: Helvetica; mso-bidi-font-family: Helvetica">俩女孩相约第二天逛街,都知道明天会下雨,但都指望对方而自己没带伞,所以都湿身了。这就是博弈理论。但愿我们不是囚徒。个人观点,仅供参考。</SPAN><SPAN style="FONT-FAMILY: 'Helvetica','sans-serif'; COLOR: #3e3e3e; FONT-SIZE: 12pt; mso-fareast-font-family: 宋体; mso-bidi-font-family: Helvetica" lang=EN-US><o:p></o:p></SPAN></P>

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  4. <p class="MsoNormal" style="margin-bottom:0cm;margin-bottom:.0001pt;background: white"><span style="font-size:12.0pt;font-family:宋体;mso-ascii-font-family:Helvetica; mso-hansi-font-family:Helvetica;mso-bidi-font-family:Helvetica;color:#3E3E3E; background:lime;mso-highlight:lime">上海市政府今日发布关于进一步促进资本市场健康发展实施意见的通知,分别从上海自贸区建设、黄金市场、股票市场、债券市场、商品期货市场、金融期货等进行了相关发展意见阐述。该实施意见将从</span><span lang="EN-US" style="font-size:12.0pt;font-family:&quot;Helvetica&quot;,&quot;sans-serif&quot;; mso-fareast-font-family:宋体;color:#3E3E3E;background:lime;mso-highlight:lime">2014</span><span style="font-size:12.0pt;font-family:宋体;mso-ascii-font-family:Helvetica; mso-hansi-font-family:Helvetica;mso-bidi-font-family:Helvetica;color:#3E3E3E; background:lime;mso-highlight:lime">年</span><span lang="EN-US" style="font-size: 12.0pt;font-family:&quot;Helvetica&quot;,&quot;sans-serif&quot;;mso-fareast-font-family:宋体; color:#3E3E3E;background:lime;mso-highlight:lime">10</span><span style="font-size:12.0pt;font-family:宋体;mso-ascii-font-family:Helvetica; mso-hansi-font-family:Helvetica;mso-bidi-font-family:Helvetica;color:#3E3E3E; background:lime;mso-highlight:lime">月</span><span lang="EN-US" style="font-size: 12.0pt;font-family:&quot;Helvetica&quot;,&quot;sans-serif&quot;;mso-fareast-font-family:宋体; color:#3E3E3E;background:lime;mso-highlight:lime">1</span><span style="font-size:12.0pt;font-family:宋体;mso-ascii-font-family:Helvetica; mso-hansi-font-family:Helvetica;mso-bidi-font-family:Helvetica;color:#3E3E3E; background:lime;mso-highlight:lime">日起施行。</span><span lang="EN-US" style="font-size:12.0pt;font-family:&quot;Helvetica&quot;,&quot;sans-serif&quot;;mso-fareast-font-family: 宋体;color:#3E3E3E;background:lime;mso-highlight:lime"><o:p></o:p></span></p> <p class="MsoNormal" style="margin-bottom:0cm;margin-bottom:.0001pt;background: white"><span style="font-size:12.0pt;font-family:宋体;mso-ascii-font-family:Helvetica; mso-hansi-font-family:Helvetica;mso-bidi-font-family:Helvetica;color:#3E3E3E; background:lime;mso-highlight:lime">该通知称,将推动上海自由贸易试验区内金融机构和企业按规定进入上海地区的证券和期货交易场所进行投资和交易,推进区内符合条件的个人按规定开展跨境双向投资。推动境外机构和自贸试验区注册企业的境外母公司在境内发行人民币债券。促进跨境资本通过自由贸易账户实现双向流动。</span><span lang="EN-US" style="font-size:12.0pt;font-family:&quot;Helvetica&quot;,&quot;sans-serif&quot;; mso-fareast-font-family:宋体;color:#3E3E3E;background:lime;mso-highlight:lime"><o:p></o:p></span></p> <p class="MsoNormal" style="margin-bottom:0cm;margin-bottom:.0001pt;background: white"><span style="font-size:12.0pt;font-family:宋体;mso-ascii-font-family:Helvetica; mso-hansi-font-family:Helvetica;mso-bidi-font-family:Helvetica;color:#3E3E3E; background:lime;mso-highlight:lime">在黄金交易市场建设方面,该通知称将支持上海黄金交易所建立上海国际黄金交易中心,提升在全球黄金市场中的定价能力、加快推动原油期货上市交易;同时推进上海证券交易所设立国际金融资产交易平台;支持上海期货交易所、大连商品交易所、郑州商品交易所在自贸试验区内设立商品交割仓库;并支持上海银行间市场清算所、中国证券登记结算公司对自贸试验区内发行的债券开展登记托管和清算结算。</span><span lang="EN-US" style="font-size:12.0pt;font-family:&quot;Helvetica&quot;,&quot;sans-serif&quot;; mso-fareast-font-family:宋体;color:#3E3E3E;background:lime;mso-highlight:lime"><o:p></o:p></span></p> <p class="MsoNormal" style="margin-bottom:0cm;margin-bottom:.0001pt;background: white"><span style="font-size:12.0pt;font-family:宋体;mso-ascii-font-family:Helvetica; mso-hansi-font-family:Helvetica;mso-bidi-font-family:Helvetica;color:#3E3E3E; background:lime;mso-highlight:lime">同时,该通知还就上海的股票市场、债券市场、商品期货市场、金融期货市场等提出发展规划。通知称,支持在沪金融市场稳步发展金融衍生产品,逐步丰富各种股指期货、股指期权和股票期权产品。支持中国金融期货交易所发展国债期货,进一步健全反映市场供求关系的国债收益率曲线。配合人民币汇率形成机制改革,积极支持在沪金融市场在充分研究的基础上稳步推出外汇期货等产品创新。探索场外金融衍生品创新业务,建立集中清算机制。</span><span lang="EN-US" style="font-size:12.0pt;font-family:&quot;Helvetica&quot;,&quot;sans-serif&quot;; mso-fareast-font-family:宋体;color:#3E3E3E;background:lime;mso-highlight:lime"><o:p></o:p></span></p> <p class="MsoNormal" style="margin-bottom:0cm;margin-bottom:.0001pt;background: white"><span style="font-size:12.0pt;font-family:宋体;mso-ascii-font-family:Helvetica; mso-hansi-font-family:Helvetica;mso-bidi-font-family:Helvetica;color:#3E3E3E; background:lime;mso-highlight:lime">而在相关法律法规以及配套服务方面,上海市政府也在该通知中称,将健全上海金融检察、审判专业化机构组织体系。探索建立调解与仲裁、诉讼的对接机制,设立第三方金融纠纷调解中心,建立公平、公正和高效的纠纷解决机制,多元化解决资本市场纠纷。</span><span lang="EN-US" style="font-size:12.0pt;font-family:&quot;Helvetica&quot;,&quot;sans-serif&quot;; mso-fareast-font-family:宋体;color:#3E3E3E;background:lime;mso-highlight:lime"><o:p></o:p></span></p> <p class="MsoNormal" style="margin-top:0cm;margin-right:36.0pt;margin-bottom: 0cm;margin-left:36.0pt;margin-bottom:.0001pt;background:white"><b><span style="font-size:12.0pt;font-family:宋体;mso-ascii-font-family:Helvetica; mso-hansi-font-family:Helvetica;mso-bidi-font-family:Helvetica;color:#3E3E3E; background:lime;mso-highlight:lime">市政府印发关于本市进一步促进资本市场健康发展实施意见</span></b><span lang="EN-US" style="font-size:12.0pt;font-family:&quot;Helvetica&quot;,&quot;sans-serif&quot;; mso-fareast-font-family:宋体;color:#3E3E3E;background:lime;mso-highlight:lime"><o:p></o:p></span></p> <p class="MsoNormal" align="center" style="margin-top:0cm;margin-right:36.0pt; margin-bottom:11.25pt;margin-left:36.0pt;text-align:center;line-height:15.0pt; background:white"><span style="font-size:12.0pt;font-family:宋体;mso-ascii-font-family: Helvetica;mso-hansi-font-family:Helvetica;mso-bidi-font-family:Helvetica; color:#3E3E3E;background:lime;mso-highlight:lime">沪府发〔</span><span lang="EN-US" style="font-size:12.0pt;font-family:&quot;Helvetica&quot;,&quot;sans-serif&quot;;mso-fareast-font-family: 宋体;color:#3E3E3E;background:lime;mso-highlight:lime">2014</span><span style="font-size:12.0pt;font-family:宋体;mso-ascii-font-family:Helvetica; mso-hansi-font-family:Helvetica;mso-bidi-font-family:Helvetica;color:#3E3E3E; background:lime;mso-highlight:lime">〕</span><span lang="EN-US" style="font-size: 12.0pt;font-family:&quot;Helvetica&quot;,&quot;sans-serif&quot;;mso-fareast-font-family:宋体; color:#3E3E3E;background:lime;mso-highlight:lime">56</span><span style="font-size:12.0pt;font-family:宋体;mso-ascii-font-family:Helvetica; mso-hansi-font-family:Helvetica;mso-bidi-font-family:Helvetica;color:#3E3E3E; background:lime;mso-highlight:lime">号</span><span lang="EN-US" style="font-size: 12.0pt;font-family:&quot;Helvetica&quot;,&quot;sans-serif&quot;;mso-fareast-font-family:宋体; color:#3E3E3E;background:lime;mso-highlight:lime"><o:p></o:p></span></p> <p class="MsoNormal" align="center" style="margin-top:0cm;margin-right:36.0pt; margin-bottom:0cm;margin-left:36.0pt;margin-bottom:.0001pt;text-align:center; line-height:15.0pt;background:white"><b><span style="font-size:12.0pt; font-family:宋体;mso-ascii-font-family:Helvetica;mso-hansi-font-family:Helvetica; mso-bidi-font-family:Helvetica;color:#3E3E3E;background:lime;mso-highlight: lime">上海市人民政府印发关于本市进一步促进资本市场健康发展实施意见的通知</span></b><span lang="EN-US" style="font-size:12.0pt;font-family:&quot;Helvetica&quot;,&quot;sans-serif&quot;;mso-fareast-font-family: 宋体;color:#3E3E3E;background:lime;mso-highlight:lime"><o:p></o:p></span></p> <p class="MsoNormal" style="margin-top:0cm;margin-right:36.0pt;margin-bottom: 11.25pt;margin-left:36.0pt;line-height:15.0pt;background:white"><span style="font-size:12.0pt;font-family:宋体;mso-ascii-font-family:Helvetica; mso-hansi-font-family:Helvetica;mso-bidi-font-family:Helvetica;color:#3E3E3E; background:lime;mso-highlight:lime">各区、县人民政府,市政府各委、办、局:</span><span lang="EN-US" style="font-size:12.0pt;font-family:&quot;Helvetica&quot;,&quot;sans-serif&quot;;mso-fareast-font-family: 宋体;color:#3E3E3E;background:lime;mso-highlight:lime"><o:p></o:p></span></p> <p class="MsoNormal" style="margin-top:0cm;margin-right:36.0pt;margin-bottom: 11.25pt;margin-left:36.0pt;line-height:15.0pt;background:white"><span style="font-size:12.0pt;font-family:宋体;mso-ascii-font-family:Helvetica; mso-hansi-font-family:Helvetica;mso-bidi-font-family:Helvetica;color:#3E3E3E; background:lime;mso-highlight:lime">现将《关于本市进一步促进资本市场健康发展的实施意见》印发给你们,请认真按照执行。</span><span lang="EN-US" style="font-size:12.0pt;font-family:&quot;Helvetica&quot;,&quot;sans-serif&quot;; mso-fareast-font-family:宋体;color:#3E3E3E;background:lime;mso-highlight:lime"><o:p></o:p></span></p> <p class="MsoNormal" align="right" style="margin-top:0cm;margin-right:36.0pt; margin-bottom:11.25pt;margin-left:36.0pt;text-align:right;line-height:15.0pt; background:white"><span style="font-size:12.0pt;font-family:宋体;mso-ascii-font-family: Helvetica;mso-hansi-font-family:Helvetica;mso-bidi-font-family:Helvetica; color:#3E3E3E;background:lime;mso-highlight:lime">  上海市人民政府</span><span lang="EN-US" style="font-size:12.0pt;font-family:&quot;Helvetica&quot;,&quot;sans-serif&quot;; mso-fareast-font-family:宋体;color:#3E3E3E;background:lime;mso-highlight:lime"><o:p></o:p></span></p>

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