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3. Reform of comprehensive registration systemConclusion: The combination of economic transformation and upgrading with the reform of registration system will lead to a long-term bull market. Under the registration system, the stock market ecology will undergo major changes, the speculation gap will be effectively curbed, indexed investment will become the mainstream of the market, and the institutionalization of ETF-based retail will be accelerated.First, the relationship between the big bull market and the great changes in the capital market

One 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.2. Share reform market3. Reform of comprehensive registration system

The 519 market and the extended Internet market are the landmark market in the era of non-tradable shares. The biggest change of this round of market is the promulgation and implementation of the Securities Law on July 1, 1999, and the capital market has entered the era of rule of law.First, the relationship between the big bull market and the great changes in the capital marketIs there a bull market? (6) The relationship between the big bull market and the big market change.