More than 3% of the increase belongs to valuation reconstruction. In the view of some market participants who advocate value investment, the situation that "Chinese prefix" was underestimated in the past will change and the A-share valuation system will be reconstructed. Valuation directly reflects the degree of market recognition of listed companies. Listed companies, especially state-owned listed companies, should "practice their internal strength", further strengthen public company awareness, actively strengthen investor relations management, and let the market better understand the intrinsic value of enterprises. "At present, the market value of state-owned listed companies and listed state-owned financial enterprises accounts for nearly half, which reflects the status of state-owned enterprises as an important pillar of the national economy." Yi Huiman believes that it is necessary to grasp the valuation logic of different types of listed companies, explore the establishment of a valuation system with * * * characteristics, and promote the market resource allocation function to play a better role.

How to build a new valuation system? People in the industry have given their own views, and the regression of its * * * enterprise valuation is the most critical aspect.

In this regard, Hu Yu, chief economist of Ding Xin Fund, told a financial reporter that the valuation system of A-share market has a large valuation, mainly because the valuation of listed companies in central enterprises is too cheap, while the valuation of hot-spot tracking stocks or companies that are good at market value management is too expensive, which has the problem of interest-driven mechanism. To solve this problem, it is necessary to let the low valuation plate return to the historical average upward, and let the hot plate of institutional speculation return to the average downward. 165438+1On October 22nd, the shares of central enterprises rose sharply, which may indicate the beginning of restructuring the market valuation system.