【新唐人2011年11月2日訊】中國幾家金融監管機構的負責人重新「洗牌」，原建設銀行董事長郭樹清走馬上任證監會，成為中國證券市場監管者。不過，中國證券市場自去年以來，被評價為全球表現最差的股市之一。新掌門接管的是如此不堪的市場，他應該從哪裏入手？
據《鳳凰網》股票頻道隨機調查發現，今年來僅有4.2%的股民是在賺錢，帳戶虧損的股民佔到95.8%。其中，虧損在30%-50%的股民佔到33%，虧損超過70%的股民更是達到15.2%。6成網民表示，即使割肉也要退市；24%的網民表示，等行情轉好後賺了錢再退市。
英國《金融時報》認為，中國證券市場改革千頭萬緒，然而完善發行、退市制度，卻是重中之重，這也是中國二級市場徹底市場化的前提，價格機制不理順，再多監管條文只是「指標」而不治本。
另一方面，中國大陸股市暴漲暴跌、投機成風、中國股民普遍受害，證監會信譽低。網上要求國家查處證監會貪污腐敗的聲音不斷。網路盛傳，證監會老掌門尚福林斂財達137億。
《第一財經日報》記者表示，新掌門面臨六大挑戰，如何在證券市場變革，是個很大的難題。北方工業大學琴清認為，最大的挑戰其實是來自於當今中國普遍的權貴阻力。
《金融時報》寫道，在中國證監會的官方網站上，「保護投資者利益是我們工作的重中之重」很是醒目。然而諷刺的是，近些年市場低迷，加上再融資與擴容，使得A股被指斥為「圈錢」之股，被稱為「仍處強盜貴族時代中」。最典型暴露中國資本市場特徵的當屬創業板。
根據Wind統計最新資料顯示，創業板高管纍計身家高達2553.35億元，財富過億元的董事長就有164位，創業板高管辭職的消息也屢屢見諸報端。
看來，如何抑制這種強盜行為才是證監會「工作的重中之重」。
《南方都市報 》引述職業投資者、獨立財經撰稿人皮海洲的呼籲信。皮海洲希望證監會能以保護投資者的利益為重，解決5方面的問題，尤其要加大對造假上市行為的打擊力度，並且引入集體訴訟制度，切實保護投資者利益。
不過國際證監會組織（IOSCO）認為，證券監管有三大目標：保護投資者利益；保證市場公平、有效和透明；減少系統風險。由此可見，真正有效監管在於為投資者提供一個友善的博弈場所。
新唐人記者宋風、肖顔綜合報導。
Over 95% of China Stock Investors Lost in 2011
Several chiefs of China’s financial supervisory institutions
were “reshuffled.”
Guo Shuqing, former Chairman of Construction Bank,
became Chairman of China Securities Regulatory Commission (CSRS).
However, since last year, China’s stock market was
evaluated as one of the worst stock markets in the world.
Taking over such an uncertain market,
what would the CSRS’ new head be embarking on?
A Finance.ifeng.com survey shows 4.2% of stock investors
made profits in 2011, or 95.8% incurred losses.
Among them, 33% lost between 30%-50%,
while 15.2% lost over 70% of their investment.
60% of netizens said they would withdraw from stock markets
suffering losses, with 24% expressing that they would withdraw until the market becomes better.
Financial Times commented that the reform of China’s
security market is too complicated.
The top priority should be how to improve the distribution
and delisting system.
This is the basis for developing China’s secondary market.
Without rationalizing the price mechanism, any regulatory
provision will be a superficial rather than permanent solution.
On the other hand, China’s stock market suffered booms
and busts, with rampant speculations.
Most of China’s investors made losses,
and CSRS got low credibility.
Online voices kept requiring the authorities to investigate
corruption within CSRS.
Online sources say that CSRS former chairman Shang Fulin,
took away as much as RMB 13.7 billion.
First Financial Daily reports stated that
CSRS’ new chairman was facing six major challenges.
How to transform the stock market would be a hot potato.
Qinqing from North China University of Technology, said
the biggest challenge is the resistance to influential officials.
The article on Financial Times said that on CSRS’ official site,
the wording “to protect investors’ interests is our top priority" is very striking.
Ironically, the stock market has downturned in recent years,
coupled with refinancing and expansion.
A-share was criticized as a share of “illegal money-collection”
identified as “still in the robber baron era.”
The Growth Enterprise Market (GEM) specifically exposed
the characteristics of China’s capital market.
Wind statistics show total accumulated wealth of executives
of GEM enterprises are as high as RMB 255.335 billion.
Of them, 164 individuals possess each over RMB 100 million.
Their resignation news also repeatedly hit the newspapers.
It seems like CSRS’ top priority should be to figure out
how to control this robbery.
Southern Metropolis Daily quoted an appeal letter
by Pi Haizhou, an investors and independent finance writer.
Pi hopes that CSRS can place the protection
of investors’ interests as its top priority.
The appeal to CSRS addresses five issues which will intensify
fraud combating and will introduce a collective litigation system to effectively protect investors’ interests.
However, according to the statement of the International
Organization of Securities Commissions, the regulation has three goals.
They are to protect interests of investors; to ensure fairness,
effectiveness and transparency of the stock market; and to reduce systemic risks.
Thus, the real effective regulation should provide investors
with a friendly game place environment.
NTD reporters Song Feng and Xiao Yan