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3. Reform of comprehensive registration systemOne of the characteristics of the approval system is the scarcity of listed resources and the long-term lack of metabolism in the market. "Shell resources" is an important reason for the tradition of evil speculation in our market.Second, the stock market ecology under the registration system

First, the relationship between the big bull market and the great changes in the capital marketFirst, the relationship between the big bull market and the great changes in the capital market

The next big bull market is the first big bull market under the comprehensive registration system, and there will certainly be such a big bull market corresponding to the economic transformation and upgrading of China.Second, the stock market ecology under the registration systemIn the "share-trading reform", the major shareholders obtained the circulation right by giving consideration to the minor shareholders, and the market entered the era of full circulation. During the time limit when "non-size" obtained the right of circulation, the market formed a super bull market, which was the end of the era of non-tradable shares and the welcome of the era of full circulation.