试点的启动将加速自然并轨的进程,虽然第一批试点效果应是积极而正面的,但这只能是短期的。基于八个方面的原因,市场股价平均重心下移,股价结构调整与分化加速将成为中国股市未来一到两年时间的最大特征。总的来看,股权分置试点的启动不可能带动中国股市新一轮大牛市,或许我们还要等待一两年甚至两三年的时间。 The pilot launch will speed up the process of natural merging. Although the first pilot results should be positive and positive, this can only be short-term. Based on eight reasons, the average center of gravity of the stock market prices down, the stock price structure adjustment and accelerated differentiation will become China’s stock market in the next one to two years, the biggest feature of the time. In general, the launch of the pilot share-splitting program can not bring about a new round of bull market in China’s stock market. Perhaps we still have to wait for a year or two or even two or three years.