2006~2007年,中国宏观经济指标和政策、上市公司业绩、相关市场走势等经济因素对于市场的影响明显增强;2008年市场有可能出现短期调整,且幅度有可能较大,但这并不会改变股指长期向上的趋势。从中国债券市场来看,国家信用主导和市场分割在未来一个时期内仍将存在,银行间市场的主流券仍将是低风险的国债和金融券。2007年中国证券投资基金规模急速增大,2008年将继续与股票市场保持密切互动,创新型封闭式基金的推出将引起新一轮竞争。在证券类衍生品市场,投机因素的作用不可忽视,继续推出新的权证产品和进一步完善权证市场仍然十分必要。
<<Some economic elements including macroeconomic indexes,policies,performance of listed companies,and related market trends influenced the market strongly in the year of 2006 to 2007. There may be short-term adjustment to the market in 2008,and the rate of adjustment may increase,but it will not change the uptrend of stock index. The leadership of national credit and market segments will exist for a period of time in the future in China’s bonds market. The main inter-bank securities will be low-risk government securities and financial bonds. China’s equity funds have been increasing rapidly in 2007,which will react closely with the stock market,and the emergence of innovative close-ended funds will raise a new round of competition in 2008. In the securities derivatives market,speculative elements can’t be ignored. It is still necessary to put into new warrant products to improve the development of warrant market.
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