孙立坚（复旦大学经济学院副院长）：

SunLiJian（Fudan university, vice President of the school of economics）：

　　转融通业务的导入在我看来只是“锦上添花”的装饰，而不可能给今天中国冰冷的股市带来雪中送炭的效果。即使市场流动性短期“被激活”，但只要企业利润下滑的格局不扭转，资金的缺口就会越来越大，谁会来埋单？！所以这个“制度创新”只会加剧今天的市场波动。

Turn accommodation business introduction in my opinion only“Icing on the cake”adornment，And not likely to cold today China stock market bring timely help effect。Even if the market short-term liquidity“activated”，But as long as corporate profits decline pattern don't turn，Capital gap will be more and more big，Who will come to buried single？！So this“System innovation”Only exacerbate today's market fluctuation。

　　李开复（创新工场董事长兼首席执行官）：

Kai-fu lee（Innovation workshop chairman and chief executive officer）：

　　苹果下一个诉讼大棒会指向亚马逊吗？（1）亚马逊有巨大的硬件量和营收，可以狠狠告一笔；（2）亚马逊没有专利池来保护自己；（3）亚马逊商业模式威胁苹果（亚马逊和苹果都是主要靠电子商店赚钱）。

Under the apple a lawsuit will stick to the amazon？（1）Amazon has a huge hardware quantity and revenue，Can get him against a pen；（2）Amazon no patent pool to protect themselves；（3）Amazon business model threat apple（Amazon and apple are mainly by electronic stores make money）。

　　张忆东（兴业证券(601377,股吧)首席策略师）：

ZhangYiDong（Xingye securities(601377,guba)Chief strategists）：

　　宝钢回购，是多赢的举动，不把宝贵的资金浪费在过剩产能上，而是恢复投资者的信任。可叹，掏出真金白银回购的，竟出于一个亏损行业，而非那“罕见投资价值”中报净利超30%的行业。为宝钢鼓掌，虽只是杯水车薪。期待更多公司明白，上市公司和投资者可以双赢。另，中午和银行研究员讨论了银行股回购注销的可能性，结论是可能性很小，一是受制于经营模式，资本充足率制约信贷投放，二是大股东太强势，管理层对股价无诉求。

Baosteel buyback，Is to win more move，Don't waste valuable capital in the excess capacity，But restore investor confidence。how，Take out its real gold and silver，But out of a losing trade，Rather than the“Rare investment value”Center daily news net profit over 30% of the industry。Clap for baosteel，Although only scratch the surface。Looking forward to more companies understand，Listed companies and investors can win-win。The other，Noon and bank researchers discuss the bank stock repurchase the possibility of cancellation，Conclusion the possibility is very small，One is subject to business model，Capital adequacy ratio restricted credit availability，Second, the big shareholders too strong，Management to share price no appeal。