A-share historical moment! The number of shareholders exceeded 200 million and 100 million people entered the market in 6 years!China Securities Regulatory Commission: Enhancing Investors’ Sense of Gain
A shares ushered in a historical moment.
China Settlement announced on the 25th that since the number of A-share investors exceeded 150 million in March 2019, the number of A-share investors has continued to grow, reaching 200,008,700 by February 25, 2022. This means that the number of A-share investors has officially exceeded the 200 million mark.
Historical data shows that the number of A-share investors officially exceeded 100 million in January 2016. From the establishment of the Shanghai Stock Exchange in December 1990, it took about 26 years to accumulate the first 100 million investors. From January 2016 to the present, the accumulation of the second 100 million investors took about 6 years. According to securities dealers, the rapid growth in the number of investors is related to the accumulation of residents’ wealth, the development of the capital market and the improvement of the population’s education level.
As the number of investors increases, investor protection becomes more important. The relevant person in charge of the CSRC has stated on many occasions that it is necessary to strengthen the protection of investors’ rights and interests and enhance the sense of gain of the majority of investors. In addition, when the capital market develops the financing side, it should also pay attention to the construction of the investment side to promote the balanced and coordinated development of investment and financing.
The number of investors exceeded the 200 million mark
Looking back at the history, it was found that in April 2015, China Clearing started to announce the number of investors at the end of each month. Prior to this, China Clearing mainly announced the number of stock accounts at the end of the period. At the end of April 2015, the number of A-share investors was 81.85 million. At the end of January 2016, the number of investors exceeded 100 million. In March 2019, the number of investors exceeded 150 million. In February 2022, the number of investors officially exceeded the 200 million integer mark.
If the establishment of the Shanghai Stock Exchange is the starting point, it will take about 26 years for the number of A-share investors to reach 100 million. And from 100 million to 200 million, it only took about 6 years.
Mu Guohong, head of the Central Plains Securities Research Institute, analyzed to reporters the reasons for the rapid increase in the number of investors in my country in recent years. He believes that there may be three reasons for this:
First of all, my country’s economic development has reached a new level, the per capita GDP has crossed an important threshold, the wealth of residents has increased year by year, and the demand for asset allocation has gradually increased.
Secondly, in the past 10 years, the development of my country’s capital market has become more and more standardized, the market system has been gradually improved, and the combination of the reform of the account opening system and the mobile Internet has made it easier for investors to enter the market. In addition, the investment value and profit-making effect of some high-quality listed companies are becoming more and more obvious, attracting more investors to enter the stock market.
Finally, the younger generation has gradually become an important participant in the market. Those born in the 1980s and 1990s have entered the market one after another. This generation is generally more educated and has a more active financial management concept than the previous generation. Assets are more accepted and more involved in the stock market than in previous generations.
Promote the balance of investment and financing, and enhance investors’ sense of gain
With the development and expansion of my country’s capital market, while meeting the financing needs of the real economy, the capital market is also paying more and more attention to the construction of the investment side to promote the balanced and coordinated development of investment and financing.
The just-held 2022 system work conference of the China Securities Regulatory Commission proposed that it is necessary to adhere to the principle of stability and effectively maintain the stable and healthy development of the capital market. Strengthen macro research and judgment and policy coordination, and improve the accountability system for risk prevention, early warning, and disposal. Steadily promote the entry of medium and long-term funds into the market, and promote the overall balance and coordinated development of investment and financing. Improve the capital market expectation guidance mechanism to create a favorable environment for the smooth operation of the market.
In October 2020, Yi Huiman, chairman of the China Securities Regulatory Commission, said at the 2020 Financial Street Forum annual meeting that it is necessary to strengthen the construction of the investment-side system. While accelerating the reform on the financing side, we will coordinately promote the reform on the investment side. Strengthen the management team of public funds, further improve the rules of investment consulting business, focus on improving the professional capabilities of various asset management institutions, and promote the optimization of the policy environment for medium and long-term funds such as the third pillar pension to enter the market. It is necessary to improve institutional arrangements such as accounting performance evaluation and incentive mechanism for industry-wide investment, cultivate and strengthen the willingness and ability of long-term investment in the capital market, accelerate the implementation of the securities class action system, improve the institutional mechanism for the exercise, protection and relief of investors’ rights, and actively Advocate long-term investment, value investment and rational investment culture.
With the increasing number of investors, investor protection is becoming more and more important.
In May 2021, the book “Thirty Years of China’s Capital Market” was officially unveiled. Yi Huiman, chairman of the China Securities Regulatory Commission, said in the preface that the capital market is directly related to the interests of hundreds of millions of families and hundreds of millions of people, and investors should respect and fear investors. , protecting investors, is a concrete manifestation of the people’s nature of capital market supervision work. The CSRC will protect the legitimate rights and interests of investors throughout all aspects of supervision and the entire process, make every effort to prevent and resolve risks in key areas, resolutely crack down on all kinds of violations of laws and regulations, actively build an open, fair and just market environment, and provide more effective regulatory protection and protection. Judicial relief to enhance the sense of gain for the majority of investors.
On February 18, the China Securities Regulatory Commission announced on its official website its reply to the “Proposal on Optimizing the Protection Mechanism for the Rights and Interests of Small and Medium Shareholders of Listed Companies in my country” at the Fourth Session of the Thirteenth National People’s Congress. The CSRC stated that investor protection work is directly related to the vital interests of hundreds of millions of people, and will continue to build and improve the securities investor protection system to protect the legitimate rights and interests of investors, especially the majority of small and medium investors.
The great development of brokerage net gold
The period of rapid development of A-share investors from 100 million to 200 million is also a period of rapid development of the online gold sector of securities companies. On the one hand, the increase in the number of investors has promoted the development of the online gold sector of securities firms; on the other hand, the development of the online gold sector has also provided more convenience for investors to enter the market.
In 2014, with the launch of the “Commission Treasure” of China National Financial Securities, the cross-border cooperation between the Internet and securities companies started, and a huge wave of Internet securities was launched. Among them, the most famous ones are low commission and APP. Some securities companies have re-divided the market share with these two weapons. The most typical one is Huatai Securities’ market share.
A few years ago, securities companies began to develop APPs independently and develop Internet financial online business. At that time, “new account openings” was an important assessment indicator, but now the “enclosure” movement has come to an end, and this indicator has been weakened. .
It is understood that at present, the assessment criteria for the transcripts of the online finance department or the e-commerce department of the securities company are more diversified, including the activity of APP users, the proportion of the transaction volume of new customers to the total transaction volume, etc.
A securities company revealed to reporters: “The e-commerce department is mainly responsible for customer marketing, Internet platform construction and public customer service. Therefore, it needs to be responsible for indicators such as new customers, new assets, platform users, and platform daily and monthly activities.”