新京报讯 （记者吴敏）中国证监会投资者保护局2日在回答投资者提出的热门问题时表示，外界对于证监会“新政”的说法“很不准确”。证监会出台的一系列政策措施都是着眼于资本市场长期健康发展的，是市场发展的基础性制度建设，而非调节股指短期涨跌，可能不宜用“政策救市”的眼光看待这些制度建设。

The Beijing news - (Reporter users)The China securities regulatory commission investor protection agency 2, in response to investors put hot problem said,The outside world for the securities regulatory commission"New Deal"that"Is not accurate".Securities regulatory commission issued a series of policies and measures are focus on capital market long-term health development,Is the market development of the basic system construction,Rather than control stock index short-term ups and downs,May be deprecated"Policy to save the city"The look at the system construction.

　　

否认“新政”说法 deny"New Deal"statement

　　去年下半年以来，证监会频频推出各项政策，这些措施包括深化新股发行体制改革、鼓励和引导上市公司回报投资者，落实退市制度，优化市场结构等。

Since the latter half of last year,Securities regulatory commission launched frequently policies,These measures include deepening the reform of the system of new shares issued/Encourage and guide the listed company return investors,Implement delisted system,Optimize the market structure, etc.

　　市场将这些政策解读为“新政”。对此，证监会表示，所谓“新政”的说法很不准确。证监会是根据中央经济工作会议和全国金融工作会议的部署，为了完善资本市场环境，保护投资者合法利益，出台了一系列改革和政策措施。

Market will these policies for interpretation"New Deal".this,Securities regulatory commission said,The so-called"New Deal"That is not accurate.Securities regulatory commission is according to the central economic working conference and the national financial work conference deployment,In order to improve the capital market environment,Protect investors' legitimate interests,Issued a series of reform and policy measures.

　　事实上，此前证监会主席郭树清做过上述表述。

In fact,Before securities regulatory commission chairman GuoShuQing made the above statement.

　　郭树清此前在5月份的券商创新大会上曾说，金融业和资本市场的改革从没有停止过。上半年，证监会按照温家宝总理在《政府工作报告》中的要求，在新股发行、分红、退市等方面加快改革进程。媒体非常关注，郭树清说，“但是有的报刊文章，把这些叫做所谓的“新政”，这不正确，其实这是证监会一直在做的工作。”

GuoShuQing in May after the securities trader innovation conference said,The financial industry and capital market reform has never stopped.In the first half of,The CSRC according to premier wen jiabao in[The government work report]The requirements,In the new shares issued/Share out bonus/To withdraw from the market to speed up the reform process, etc.Media is very concerned about the,GuoShuQing said,"But some newspaper articles,Call these so-called"New Deal",It's not the right,In fact, this is the CSRC has been doing work."

　　政策不是调节股指短期涨跌 Policy is not adjust stock index short-term ups and downs

　　但是，虽然证监会“政策频出”，而目前的A股市场依然“跌跌不休”，不少投资者认为，证监会的政策并没有让股市有所起色。

but,Although the CSRC"Policy PinChu",And the current a-share market is still"Stumbling endlessly",Many investors think,Securities regulatory commission policy and didn't want to let the stock market has gotten.

　　证监会在回答投资者提问时进一步表示，证监会出台的一系列政策措施都是着眼于资本市场长期健康发展的，是市场发展的基础性制度建设，而非调节股指短期涨跌，可能不宜用“政策救市”的眼光看待这些制度建设。另一方面，股市运行的影响因素极其复杂，股指涨跌是境内外多种因素影响的综合反映，资本市场气氛不够热烈，有上市公司自身的原因，也有国际国内经济增长下行压力的影响。

Securities regulatory commission in response to investors question further said,Securities regulatory commission issued a series of policies and measures are focus on capital market long-term health development,Is the market development of the basic system construction,Rather than control stock index short-term ups and downs,May be deprecated"Policy to save the city"The look at the system construction.On the other hand,The influence factors of stock market is extremely complex,Stock index and go up drop is the comprehensive reflection of the influence of various factors,Capital market atmosphere warm enough,Listed companies have their own reasons,Also has the international and domestic economic growth influence of downward pressure.

　

　其他热点说法 Other hot statement

　　将严惩业绩变脸背后的造假

Will throw the face behind the performance of fraud

　　证监会投资者保护局2日在回答投资者提出的热门问题时说，证监会非常关注上市公司“业绩变脸”及中介机构不尽责履职的问题。

Securities investor protection agency 2, in response to investors put hot inquiries,Securities regulatory commission is very concerned about the listed company"Face performance"And intermediaries not responsible resumption problem.

　　数据显示，新上市公司上市后出现业绩变脸的不在少数。而业绩下滑的原因中，目前投资者多数认为新股业绩包装、粉饰财务数据，是造成上市后业绩变脸的主要原因。

Data display,The new listed companies listed appears after the performance of face is not a few.And the cause of the decline in performance,At present most investors think new performance packaging/Plaster financial data,Is a public face after the main reason for the performance.

　　对此，证监会称，逐渐把新股发行审核的重点从上市公司盈利能力转移到平等保护投资者的合法权益上来，并积极采取措施推动发行人、中介机构和投资主体归位尽责。对于公司上市后“业绩变脸”背后涉及的财务造假、利润操纵、虚假披露及保荐机构“荐而不保”等违法违规行为，一经发现，证监会必将依法查处，涉嫌犯罪的将移送司法机关追究其刑事责任。

this,Securities regulatory commission said,Gradually the issuance examination and verification of the new focus from listed companies' profit ability transferred to equal protection the legitimate rights and interests of investors come up,And actively take measures to promote the issuer/Intermediary institutions and investment main body position responsible.For after company listed"Face performance"Behind the financial fraud involving/Profit manipulation/False disclosure and sponsors"Recommend and not the"Illegal activities such as,Once found,The CSRC will shall investigate and deal with,Suspected crime will be transferred to judicial organs shall be prosecuted for criminal responsibility.

　　昨日，证监会就通报三起内幕交易案件，其中两起是投行人员实施的内幕交易，其中包括银河证券前投行部门员工。（吴敏）

yesterday,The CSRC will report three on insider trading case,Two of them up is investment Banks personnel of the implementation of the insider trading,Including galaxy securities investment bank department staff before.(users)

　　散户“炒新炒小”多数亏损

retail"Fried Fried small new"Most of the losses

　　证监会投资者保护局表示，“炒新”、“炒小”赚钱的说法对绝大多数中小投资者而言并不准确。

Securities investor protection agency said,"Fried new"/"Fried small"Make money that for most small and medium-sized investors is not accurate.

　　据上交所统计数据显示，在参与新股首日买入的账户中，绝大部分是个人账户。首日买入账户中日均持有市值小于10万元的散户多为亏损，平均亏损比例为56.7%，最高亏损比例近100%。深交所的统计数据显示了同样的结果，新股上市首日买入者主要是个人，10个交易日后有超过六成的人亏损。

According to ShangJiaoSuo statistical data display,Participate in new shares in the first of the account to buy,Most is a people account.Buy the first account daily hold market value is less than 100000 yuan more than retail for losses,Average loss ratio is 56.7%,The highest loss proportion nearly 100%.Shenzhen statistics shows the same result,The first ipo buy main is personal,10 trading day after more than sixty percent of those losses.

　　有投资者表示，倡导价值投资、长期投资光嘴上喊喊是没有用的。因为投资蓝筹股却赚不到钱，炒新、炒小不符合价值投资理念，却赚到钱了。尤其是现在市场低迷，买什么都赔，坚持价值投资还有意义吗？

Have investors said,Advocate the value investment/Long-term investment light mouth Shouting is useless.Because investment blue chip but he can't earn money,Fried new/Fried small does not conform to the value investment idea,But earn money.Especially now market downturn,Buy what lose all,Adhere to the value investment and meaning?

　　针对投资者这一问题，证监会投资者保护局表示，在任何市场情况下，一般投资者都应该坚持价值投资。

The problem for investors,Securities investor protection agency said,In any market circumstances,The average investor should adhere to the value investment.

　　证监会鼓励价值投资、长期投资，希望培育一种投资文化，倡导一种投资理念。所谓价值投资，就是指投资者关注上市公司的资产质量和盈利能力，以获取长期回报为目的。目前，我国股票市场估值处于历史最低水平，与国际上的主要市场基本相当，长期投资、价值投资正逢比较好的时机。（吴敏）

Securities regulatory commission encourages the value investment/Long-term investment,Wants to cultivate an investment culture,Advocate a kind of investment philosophy.The so-called value investment,Means investors pay close attention to the listed company assets quality and profitability,In order to get long-term returns for the purpose.At present,Chinese stock market valuations in history lowest level,And the international main basic market quite,Long-term investment/The value investment ismeeting the good opportunity.(users)

　

　解读 interpretation

　　证监会弱市频“吹风”

Securities regulatory commission weak city frequency"blowing"

　　A股跌跌不休，股民“哀声遍野”。在此背景下，从去年末开始，证监会作为股市的主要监管者，加强了与市场的沟通，频繁向市场“吹风”，反复提醒股民“理性”。

A-share stumbling endlessly,people"Cry everywhere".In this context,Start from the proceedings,Securities regulatory commission as the main stock market regulators,Strengthen the communication with the market,Frequently to the market"blowing",Repeatedly reminding people"rational".

　　证监会网站刊登的新闻稿显示，自2011年11月以来的10个月中，证监会陆续发布147篇新闻稿，涉及证券稽查和案件通报，郭树清发言、投资者保护局答投资者问，重大政策发布和解读等。

Securities regulatory commission website published releases display,Since since November 2011 10 months,Securities regulatory commission issued in 147 news release,Involving securities audit and case report,GuoShuQing speech/Investor protection bureau answer investors ask,Major policy release and interpretation, etc.

　　相比之下，在此之前的2010年前10个月，证监会发布新闻稿仅为57篇。

Compared with,In the previous 2010 years ago 10 months,Securities regulatory commission for press releases only for 57 article.

　　这其中尤其值得注意的是，今年以来证监会曾多次提到价值投资和蓝筹股，以及提倡、鼓励上市公司现金分红，这在此前作为监管部门的证监会声音中极少出现。

This special attention should be paid to,Since this year the CSRC has repeatedly mentioned value investment and blue chip,And advocate/Encourage the listed company cash dividends,As in the previous supervision department of the CSRC in the voice of a few appear.

　　其中提倡蓝筹股投资价值等声音也一度招致市场异议，这一话题也在随后证监会投资者保护局多次问答中被提及。

Among them advocate blue chip stock investment value of voice also once incur market objection,This topic is in the following securities investor protection was mentioned in many question.

　　证监会主席郭树清此前也说，推出的一些政策并非“新政”，其实这是证监会一直在做的工作。

Securities regulatory commission chairman GuoShuQing previously also said,Introduced some policies do not"New Deal",In fact, this is the CSRC has been doing work.

　　不过从与市场和投资者的沟通频率看，证监会比以往任何时候都“繁忙”。

But with the market and investors from the communication frequency to see,CSRC than ever before"busy".

　　但从A股反响看，经济走势对于A股的中短期信心影响更大，随着经济数据逐渐恶化，A股今年以来也在短暂冲高之后持续回落。新京报记者 吴敏

But from A share repercussions to see,Economic trends for A share of the short-term influence more confidence,Along with the economic data worsen,A shares since this year also in short high impact after continuous back.The Beijing news reporter users

　　

市场现状 Market present situation

　　沪指3年跌幅达40%

3 years boomed 40% drop

　　新京报讯 （记者吴敏）数据显示，A股自2009年第四季度以来持续疲弱。

The Beijing news - (Reporter users)Data display,A shares since 2009 since the fourth quarter for the weak.

　　以沪指计算，指数从2009年三季度的高点3400点上方一路下跌到目前2100点下方，跌幅达到40%。按年度看2010年走势持平，而2011年至今则持续下滑。

Boomed with calculation,Index from 2009 and the third quarter of fiscal 3400 point high above all the way down to the current below 2100 points,Decline reached 40%.According to the 2010 situation look the same,And since 2011, continued to slide.

　　昨日，已经连续几周出现“黑色星期一”的沪深股市终于走出“怪圈”，小幅反弹，终结此前的连跌局面。其中沪指上涨0.57%，报2059.15点。

yesterday,Consecutive weeks appear"Black Monday"The Shanghai and shenzhen stock market finally out of"circle",Small rebound,After the end of the situation even fall.The rose 0.57%, boomed,To 2059.15 points.

　　9月1日发布的数据显示，8月份中国制造业采购经理指数（PMI）为49.2%，比7月份下降0.9个百分点。这是该指数自2011年12月以来首度跌破50%荣枯线，去年11月该指数为49.0%。这一数据显示中国经济没有好转迹象。

On September 1, data released by the display,August China manufacturing purchasing managers index(PMI)Is 49.2%,More than 0.9% decline in July.This is the index since since December 2011 fell below 50% for the first time vicissitude line,Last November the index was 49.0%.The data show that China's economy is not better signs.

　　分析师认为这显示出市场在疲弱的PMI数据下寄希望于地产调控松动的情绪。

Analysts believe that this shows that the market in weak PMI data the hope that real estate regulation loose mood.

　　面对如此“熊市”，深圳市晟泰投资管理有限公司投资总监薛冰岩9月1日在网上发布了一条微博，回顾“当年追过的那些股票”，分别列出了最高价及现在的价格。该微博引发广泛关注并被多次转发，不少网友纷纷效仿也列出了自己曾买过的股票。

In the face of such"Bear market",Shenzhen Thai investment management co., LTD., investment XueBingYan director on September 1 on the Internet issued a micro bo,review"The overtake those stock",The highest were listed and now the price.The micro bo cause extensive attention and has been repeatedly forward,Not a few net friend to follow in succession also lists he had bought stock.