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一、引言我国股市目前处于低迷时期,截止到2016年1月27日,上证指数为2638.30,继续在3000点下徘徊。2008年后中国股市进入蛰伏期,发展陷入困境,股市功能导向存在误差,股市结构存在缺陷,股市内部环境恶化,外部环境治理效率低下,股市存在的风险较大。2014年A股和H股的市净率和市盈率降至历史最低点,但是市场基本面已经有所改善,大宗商品、税收与浪费支出等成本都在下降,未来几年市场化改
First, the introduction of China’s stock market is currently in a downturn, as of January 27, 2016, the Shanghai Composite Index was 2638.30, continue to hovering at 3000 points. After 2008, China’s stock market entered a period of sluggishness and its development was in a dilemma. There were errors in the functional orientation of the stock market, the stock market structure was flawed, the internal environment of the stock market deteriorated, the external environment was inefficient and the stock market was at greater risk. In 2014, the book value and price-earnings ratio of A shares and H shares dropped to historic lows, but the market fundamentals have been improved. The costs of commodities, taxes and waste spending are declining, and the market reform in the next few years