中央财经大学贺强：股市越热越需要加强监管

Group 1 - The "Sina Finance 2025 Annual Conference and the 18th Golden Unicorn Forum" will be held on January 15, 2026, in Beijing, focusing on the theme "Starting the 14th Five-Year Plan, New Economic Journey - Reshaping Growth Paradigms, Creating Future Prosperity" [1][4] Group 2 - Professor He Qiang from Central University of Finance and Economics expressed a positive outlook for the stock market in 2026, expecting it to continue to rise by the end of the year [3][6] - He noted that the stock market started the year with a high trading volume approaching 4 trillion, raising concerns about potential overheating and a "crazy bull" market leading to a subsequent crash [3][6] - He highlighted the emergence of excessive speculation, with some stocks experiencing rapid increases in value without significant changes in performance, indicating a risk of market instability [3][6] - He emphasized the need for regulatory oversight to manage excessive speculation and ensure healthy market development, which is crucial for sustained growth and profitability for investors [3][6]