A striking application field and progress in securities investment science is evolutionary securities science. It is an emerging interdisciplinary subject that uses the principles of biological evolution to systematically explain the operating mechanism of the stock market. It is a new field of securities investment research with vitality and rich connotations.
Different from the assumptions related to "rational people" and "efficient markets" in modern finance, evolutionary securities science attaches great importance to the study of "biological instincts" and "competition and adaptation", emphasizing the role of human nature and market environment in the stock market. It plays an important role in the evolution and is the cutting-edge science with the greatest potential to reveal the survival rules of the stock market. His pioneering work "The True Face of the Stock Market" overturned the traditional theory of the operating mechanism of the stock market and can be called a Darwinian paradigm revolution.
The theoretical essence of evolutionary securities science is that it abandons mechanistic thinking and idealized assumptions, reveals the biological evolutionary logic behind the operation of the stock market, and points out that stock market fluctuations are essentially complex and changeable. "Life movement" is not the pendulum-like "mechanical movement" considered by traditional economics. Its typical characteristics include: metabolism, profitability, adaptability, plasticity, stress, variability and rhythm. This is the most fundamental reason why the trajectory of stock market fluctuations is difficult to quantitatively describe and accurately predict.
As long as you agree with the basic principles of evolutionary securities science, regard the stock market as a living and complex living organism with unique charm, rather than a dull machine that is willing to be manipulated at will, and use evolutionary analysis methods To observe and study the market, we can break through the limitations of traditional theories, get rid of the constraints of wrong ways of thinking, clear epistemological blind spots, avoid methodological misunderstandings, and establish correct methods that truly conform to the inherent operating laws of the stock market. Only in this way can it be possible to truly avoid being deceived by the appearance of the market and achieve sustainable profitability as soon as possible.
The China Securities Regulatory Commission held the 2014 National Securities and Futures Supervision Work Conference
On January 21, 2014, the China Securities Regulatory Commission held the 2014 National Securities and Futures Supervision Work Conference with the theme of regulatory transformation. . At the meeting, Xiao Gang told the participants that in order to achieve transformation and upgrading, the focus of future supervision will no longer be on financing, but more on balanced investment, financing and risk management functions. The most important thing is to better protect small and medium-sized investors through the implementation of "six transformations".
It is reported that the tasks of this regulatory transformation and upgrading have nine aspects, including streamlining administrative approval, filing and registration and other matters, promoting the reform of the stock issuance registration system, and improving the efficiency of audit and law enforcement. According to Xiao Gang, the main reasons why the China Securities Regulatory Commission is so eager to promote transformation and upgrading are to give full play to the functions of the capital market, stimulate economic vitality, promote the long-term and healthy development of the capital market, and improve regulatory efficiency. Some analysts pointed out that significant progress can be made in regulatory transformation only if the enforcement powers of the China Securities Regulatory Commission are clarified. Because in the final analysis, the capital market is a market governed by law. Without corresponding legislative power, regulatory transformation is impossible. Relevant parties have also become aware of this problem. The new "Nine National Articles" ("Opinions on Further Strengthening the Protection of the Legitimate Rights and Interests of Small and Medium-sized Investors in the Capital Market") issued by the State Council at the end of last year is a good explanation. This policy has received strong attention from the market. What many small and medium-sized investors hope most is to see the stock market shift from speculation to investment.
In 2013, a series of incidents such as Everbright Securities, Wanfu Biotech, and Changjiu Biochemical severely damaged investor confidence. In the future, changing the regulatory concept and effectively protecting the interests of investors will become the primary task of the China Securities Regulatory Commission in law enforcement.
JD Finance enters the securities field
The Internet giant’s “large and comprehensive” layout in the financial field continues. A Beijing Business Daily reporter learned on May 20 that JD.com’s financial stock platform “Cai Mi” was officially launched. The platform is a stock investment Internet technology service and investment education platform. Following financial services such as payment, funds, credit purchases, and crowdfunding, JD.com Finance began to enter the securities field. According to Chen Shu, the person in charge of JD.com's "Caiji" stock channel, the platform will provide technical services and exchanges for professional securities practitioners, mainly private equity fund researchers and securities analysts, and for ordinary users who are willing to learn stock investment, the platform It will also provide them with “simulation operations” and “investment education”. The launch of Cai Mi marks the beginning of JD Finance’s entry into the Internet securities field, which will improve the entire JD Financial industry chain. Previously, the Alipay wallet mobile client has launched stock market reading software. The news obtained by Beijing Business Daily reporter is that Ant Financial is developing stock trading software, and it may be possible to use Alipay wallet for stock transactions in the future. JD Finance’s securities project Cai Mi focuses on education and technology services. The relevant operators of Cai Mi said that the current entrance to Cai Mi has been placed on the homepage of JD Finance. In the future, Caimi will continue to launch a mobile App version to make the user experience more complete.