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For long-term factors , because the Christian Louboutin Shoes stock xafs is a shift from the planned economy to a xafs economy , the stock xafs when the government wants to establish an enterprise finance , stock xafs , and credit has not been established , or implicit government guarantees can only be guaranteed by way of get , otherwise the transition from a planned economy to a business, how to believe investors will fulfill its commitment to it ? Investors how their funds to this enterprise? If the stock xafs is the government credit guarantees or implicit guarantee by the government rather than long-term evolved from the xafs, then the behavior of investors , cost and benefit analysis approach on credit and xafs fairs evolved completely different . Credit xafs , Christia Louboutin its costs and benefits of risk is entirely borne by the parties , that investors take responsibility for their own decisions. But the government credit guarantees, risk sharing its costs and benefits are not the same , often for the benefit of its decision-making behavior of the parties and the cost can be converted into society to bear. In this case , not only the government 's willingness to participate in the xafs and leading more and more motivated irregularities and unlawful conduct of the parties to engage in high risk activities. Why is the prevalence of current stock xafs speculation , Louboutin Outlet the interests of major shareholders to deliberately manipulate the xafs and lack of protection of small investors , Christian Louboutin Pumps UK are concerned with this credit relationship . Third Plenary Session of the xafs eighteen requirements play a decisive role in the allocation of resources , is to re-establish credit relations with Christian Louboutin Shoes stock xafs . For example, IPO advice and the introduction of nine new countries , and for the purposes of the case. However, this xafs is not established credit relationships overnight , it is a long process. In particular, to make the conversion implicit government guarantee of the credit xafs evolved by credit more difficult. Establishing new credit relationships also require a long process. So, I hope the stock xafs bull xafs in 2014 Christian Louboutin is naturally impossible. Especially when such a significant change in the system to reach the powerful vested interests resisting its transformation process will be longer. In the short term , the effect of the stock xafs is to make money , that is how to ensure that investors are entering the xafs is profitable. As long as profitable in the short term , investors will enter the xafs , Christian Louboutin Platforms UK the domestic stock xafs gradually get better. So the short-term effects of the domestic stock xafs to make money come from ? One is to stabilize the domestic economy and the financial xafss. On the current situation, the international short Christian Louboutin Shoes economy , Christian Louboutin's financial xafss and is very prevalent remarks , which the government should introduce policies to respond as soon as possible , http://www.carouselcondos.com/ do not wait for these acts become short of xafs expectations . If this happens , the risk faced by the domestic stock xafs will be higher .


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Patient a diehard , if the treatment is already back to normal pretty good . So, in 2014 Christian Louboutin A-shares on the good to be back to normal . The so-called stock xafs returned to normal , that is, the stock price changes reflect the reality of the real economy . The stock xafs is a barometer of the national economy . But in fact, in 2013 , the Shanghai Composite Index surrendered worst performing Asian stock answer . 2013 Shanghai Composite Index fell 6.75% throughout the year , down 1% worse than the Indonesian stock xafs . http://www.usveteransdirectory.com/ If the U.S. Dow Jones index rose 26 percent , the Nikkei index rose 57% compared to more shame. Even compared with themselves, in October 2007 Shanghai Composite Index had risen to 6134 points, only one-third of the 2103 point year end 2013 , and the last four years ( since 2010 ) , the Shanghai Composite Index also continued fallen by 36%. This phenomenon lasted for many years with the rapid growth of the Christian Louboutin Shoes economy and the global dominance of the countries compared to the opposite. xxx will be very puzzled , Christian Louboutin Pointed Toe the stock xafs is not a barometer of the real economy , why the general rules of the xafs lost to Christian Louboutin Emmanuel ? Is Christian Louboutin's stock xafs will not be able to create prosperity ? Why not ? It can be said that for many years the tide Shanghai A shares , we analyze a hundred reasons to cause this phenomenon , especially institutional reasons . But the same xafs conditions , domestic GEM why come out of a rare xafs in 2013. GEM index 713 points from the end of 2012 , soaring all the way to 1423 points by the end of 2013 , the GEM index rose doubled . The total xafs value of shares of companies listed on GEM also from the 873.1 billion yuan , increased to 1.5198 trillion yuan , an increase of more than 74 %. This phenomenon has been shown that a general analysis of the past have been unable to explain why the long-term decline of the domestic stock xafs . And after the IPO advice and launched nine new countries , are looking forward to the domestic stock xafs in 2014 out of the wave of rising prices , Christian Louboutin Daffodile UK but in fact the contrary, few days after the New Year , A shares continued to fall. On January 6 and a half trading day Shanghai Composite Index fell nearly 2% , and the highest since August 9, 2013 low , deep below the 8000 point mark. For this phenomenon , some analysts believe , is mainly IPO opens, a lot of companies into the xafs, the liquidity shortage , the xafs can not afford ; are also considered to be unsatisfactory economic data released recently , the government of the shadow banking consolidation, USA QE exit and so on. However, these analyzes also can not solve the puzzle so the decline of the domestic stock xafs . For example , IPO is open , there is a listing of more than 700 companies are lining up . However, Cheap Christia Louboutin we can see that , IPO has been stopped more than a year . Since the IPO domestic stock xafs did not stop to recuperate and recharge your batteries for the future development of the stock xafs , on the contrary , the xafs speculation is hot , the focus of the motherboard xafs overall index down, funds are transferred to the Shenzhen mass xafs is seriously divided. We can say that due to the 2013 GEM money effect , the above situation in 2014 may be more serious. So, Christia Louboutin Shoes I hope in 2014 Christian Louboutin's stock xafs bull round dream is not easy. We can say that Christian Louboutin's stock xafs and weak long-standing , http://www.carouselcondos.com/ both long-term reason, that the current institutional issues . More short-term factors , namely money effect .

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