【新唐人2011年11月2日讯】中国几家金融监管机构的负责人重新“洗牌”，原建设银行董事长郭树清走马上任证监会，成为中国证券市场监管者。不过，中国证券市场自去年以来，被评价为全球表现最差的股市之一。新掌门接管的是如此不堪的市场，他应该从哪里入手？
据《凤凰网》股票频道随机调查发现，今年来仅有4.2%的股民是在赚钱，账户亏损的股民占到95.8%。其中，亏损在30%-50%的股民占到33%，亏损超过70%的股民更是达到15.2%。6成网民表示，即使割肉也要退市；24%的网民表示，等行情转好后赚了钱再退市。
英国《金融时报》认为，中国证券市场改革千头万绪，然而完善发行、退市制度，却是重中之重，这也是中国二级市场彻底市场化的前提，价格机制不理顺，再多监管条文只是“指标”而不治本。
另一方面，中国大陆股市暴涨暴跌、投机成风、中国股民普遍受害，证监会信誉低。网上要求国家查处证监会贪污腐败的声音不断。网路盛传，证监会老掌门尚福林敛财达137亿。
《第一财经日报》记者表示，新掌门面临六大挑战，如何在证券市场变革，是个很大的难题。北方工业大学琴清认为，最大的挑战其实是来自于当今中国普遍的权贵阻力。
《金融时报》写道，在中国证监会的官方网站上，“保护投资者利益是我们工作的重中之重”很是醒目。然而讽刺的是，近些年市场低迷，加上再融资与扩容，使得A股被指斥为“圈钱”之股，被称为“仍处强盗贵族时代中”。最典型暴露中国资本市场特征的当属创业板。
根据Wind统计最新资料显示，创业板高管累计身家高达2553.35亿元，财富过亿元的董事长就有164位，创业板高管辞职的消息也屡屡见诸报端。
看来，如何抑制这种强盗行为才是证监会“工作的重中之重”。
《南方都市报 》引述职业投资者、独立财经撰稿人皮海洲的呼吁信。皮海洲希望证监会能以保护投资者的利益为重，解决5方面的问题，尤其要加大对造假上市行为的打击力度，并且引入集体诉讼制度，切实保护投资者利益。
不过国际证监会组织（IOSCO）认为，证券监管有三大目标：保护投资者利益；保证市场公平、有效和透明；减少系统风险。由此可见，真正有效监管在于为投资者提供一个友善的博弈场所。
新唐人记者宋风、肖颜综合报导。
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
