Since clear minor details since beginning to have the stock market, china calamity again and again ceaseless, lose a family fortune for it, jump the building jumps river person be absent a few.
In fact, it is early when 1910, liang Qichao points out with respect to Ceng Zhuanwen, chinese joint-stock company cannot develop, its reason has 4:
It is code very few, although have inobservant also, "Have a way and be no good be equal to cannot, china is cannot country " ;
2 it is legal state adventitious, the partner of joint-stock company people cannot go really superintendence;
3 it is the mechanism that photograph form a complete set lacks outside joint-stock company;
4 it is person with ability of government of standardization of the lack inside joint-stock company.
Liang Qichao is said to attribute the problem of mechanism respect roughly, "Effect of Chinese not to be pooh-poohed knits the brows, the name of apprentice admire company, the fact that does not study a company " .
Those who change character, compatriots just feels the name of joint-stock company is Orphean develop the stock market, do not grant to consider normally as to the actual and main area of the company.
Liang Qichao thinks, chinese joint-stock company and problem of its stock market go in lack fiduciary duty, alleged " fiducial " , therefore " most limited company is combined each other, and the person that with its the person of carte blanche minority is numerous place credence. And the person that with its the person of carte blanche minority is numerous place credence..
As to why can lack fiduciary duty, bridge opens those who exceed a regret to express, the China at that time does not tell legal system why content, although clear minor details had had fair administration of justice, but law article rash and careless, execute hard.
And after the Republic of China, although the Qing Dynasty name for the coastal provinces of Liaoning reached Nanjing government to publish relevant law for normative security market, but the effect is very poor did not apply at all even.
Liang Qichao is what stock market bubble says " bleb " , call its " when Zhang Zhi is great, be about to come loose when " , it may be said of this one judgment hits the nail on the head.
In fact, stock market foamy is formed, besides the reason on the mechanism, the spec of shareholder ignorance also is one of facilitating elements.
Be like 1883 that a calamity, " declare " judge exposition and argumentation namely at that time, "Today the person of the Chinese that buy a share, the beauty that ignores this company is evil reach can gain profit, but one company is achieved newly, get together share, criterion anyhow, contest is gone to add. Contest is gone to add..
Its carelessness is, dry what is buying the person of the stock to run a company far from, also without giving thought to the stand or fall of company outstanding achievement, after buying a share even, can make money, want to new company founds only, with respect to like a swarm of bees before go subscribe, of daring big, form with local tyrant.
1910 " balata agitation " more such. The company that domestic name is course of study of buy of Kota Bahroe balata at that time is issued in Shanghai new, what expects explain buy in the middle of the night before today a lot of people queue up.
When the following day, the stock that decides formerly explain buy index to be inside a hour namely full run out, the enthusiasm of shareholders cans be imagined.
To this kind of phenomenon, a few media also are criticized say, what a lot of people connect is balata does not know, fry greatly all the same however fry especially.
And, some people " the saving even with old pitching does not feel sufficient, sell off the content such as the garment of family, headgear then, buy balata share eagerly " , body of its act vigorously enters scramble for sth of city it may be said, nearly insane, muddy disregards these like that " balata " risk.
Want to know, balata garden is in the southern Asia of thousands of inside and outside, and the London place that the stock is 10 thousand lis Yao more is issued, different thing is invisible, feel what do not wear.
Most what condole weirs is, calamity every other just a little always should repeat 10 years, and shareholders also are advance wave upon wave, went oldly one stubble, new come again one stubble.
The reason does not have him, the tremendous wealth effect on the stock market makes person eye hearts hot, and if get to the bottom of sth traces to the source, the greedy drive that still is human nature makes like that.
The rise in the stock market period, shareholders are bought earned money, but most person often does not know to satisfy, think earn is more instead and increase investment ceaselessly, the stock market is while ceaseless trend is mad, the risk consciousness of shareholders is abate instead, although use 9 oxen to pull, also draw the crowd that does not change these brains feel distended.
To finally, the stock market dies suddenly dish, prison of bedding bag of a lot of shareholders even principal is not had return, its original idea is to want to earn bit of money more, the result is on weather station to ponder over life in succession however.
To most person character, making money is won't disrelish forever much, but the stock market is field of a super high play greatly, bovine city when the amplifier that it is fortune, once bovine city ends, the stock market also makes horrible mincing machine.
Here, greedy, fear of human nature and deformed also by the enlarge of twice. Look with historical eye, all sorts of concept hype in the stock market, cruel rich myth, spec and fraud, these are the important document that form a calamity, hundred years before such, likewise such now.
Helakelite ever said ancient Greek philosopher, "The person cannot step twice same a river " , be not however to a lot of shareholders nevertheless such, a lot of people often are stepped into for many times same a smelly ditch.
such, or human nature is greedy forever, and face human nature when this one inherent weakness, whole society should do should be reasonable guide and ought not to encourage short-term cruel rich, should from strengthen superintend, the investment climate that establishs health begins.
Otherwise, the odd group that Chinese stock market will not take to give a money and congenial field forever.
