Andy Xie: The stock market has risen almost

Rose Stone Consultancy director Andy Xie 16th to the Xinmin Network video interview, "The stock market has risen almost", this is Rose Stone consulting company director Andy Xie 16th to the Xinmin Network video interview on the A-share market comments. Andy Xie said that the Shanghai construction of an international financial centre, the securities market must be more free, should not be approved by the SFC, otherwise it will lose its significance. IPO should be registered system, can not engage in approval system.　　The price of a listing should not be interfered by the government. "The government has to be a referee and not play games," he stressed. This is what Shanghai must do to build an international financial centre.　　"In view of the SSE listing, Andy Xie believes that the exchange listing is not important, it is important to improve the rules and regulations." Andy Xie also predicted the economic outlook for the Xinmin network, saying the world economy is still shrinking, but there will be a rebound in the second half, mainly by the stimulus of so many economic programs. But he believes there will be a second recession next year, as the government's investment in large sums of money will lead to inflation. Once the government has returned funds, there will be another recession.　　For China, it is difficult for the economy to recover fully if exports are not restored. He suggested that China's monetary policy should be tightened quickly and banks should lend prudently to keep the results of bank reforms. Bu Chunyan