The Trend of China's Stock Market Based on the Analysis of the Reform Process

The reform of China's stock market is an important part in the process of the reform of China's economic system.The market-oriented reform of China's stock market re-explains the content of China's stock market whose precondition is the socialist legal system and whose core is free market competition.The legalized stock market requires that the market behaviors be scientific,harmonious and a long-term and fair supervision instead of being influenced by personal wills or partial opinions or a short-term policy.An open stock market requires that the stock prices reflect the condition of demand and supply,the pricing level reflect the free pricing will of the market body and the risk belong to the loser in transaction.The shakeout of stock market is closely connected with the speed of the market process.At present,the stock market is being perfected,the awareness of Chinese investors is being cultivated and the capital supply in the stock market seems to be sufficient.This trend has become irreversible,which is basically backing up the reform of China's stock market.Therefore,investors should be confident about the future of China's stock market.