中国股市是否将反映那斯达克的行为？(ppt32).pptx

WillChineseStockMarketsMirrortheBehaviouroftheNASDAQ?;3QUESTIONSRAISED;HOWTODEFINEA“WELLREGULATEDMARKET”?

;;TheFinancialMarketsareDynamic;;;PRIVATESECTOR;ConflictofInterest;INVESTORS;Investors’Confidence

=

Investors’Education;InvestorProtection/Confidence

;Easierandmoreeffectiveenforcement.

Increasedefficiencyreducescosts.

Improvedflexibilityoftheinfrastructuretorespondeffectivelyandcompetitively.;AChineseTailorMadeSolutionforthe

ChineseFundIndustry;

WHATRELEVANCEAPRICE/EARNINGSRATIO?

;ChineseQuoted

StocksCorporate

Profits

???;C;CONFIDENCE;WhatistheCriteriaForInvesting?;1.Whatdoyouthinkisthemostimportantinfluenceonthestockmarketin

Chinatoday?;2.Howdoyouasaninvestoranalysethefairvalueofthecompaniesyoubuysell?;3.Whatdoyouthinkshouldbetheaverageprospectivepriceearningsratiofornon-technologystocks?;4.Whatdoyouthinkshouldbetheaverageprospectivepriceearningsratio?;5.Howdoyoumeasureinvestmentrisk?;AtwhatleveldoyouthinktheShanghaiAsharemarketwillbeon31stDecember2001?;AtwhatleveldoyouthinktheShanghaiBsharemarketwillbeon31stDecember2001?;;FactorsEffectingInvestmentTimeHorizons;;;ChinaversusWesternMarkets;;9、春去春又回，新桃换旧符。在那桃花盛开的地方，在这醉人芬芳的季节，愿你生活像春天一样阳光，心情像桃花一样美丽，日子像桃子一样甜蜜。10月-2010月-20Saturday,October10,2020

10、人的志向通常和他们的能力成正比例。23:05:1523:05:1523:0510/10/202011:05:15PM

11、夫学须志也，才须学也，非学无以广才，非志无以成学。10月-2023:05:1523:05Oct-2010-Oct-20

12、越是无能的人，越喜欢挑剔别人的错儿。23:05:1523:05:1523:05Saturday,October10,2020

13、志不立，天下无可成之事。10月-2010月-2023:05:1523:05:15October10,2020

14、ThankyouverymuchfortakingmewithyouonthatsplendidoutingtoLondon.ItwasthefirsttimethatIhadseentheToweroranyoftheotherfamoussights.IfIdgonealone,Icouldnthaveseennearlyasmuch,becauseIwouldnthaveknownmywayabout.

。10十月202011:05:15下午23:05:1510月-20

15、会当凌绝顶，一览众山小。十月2011:05下午10月-2023:05October10,2020

16、如