"Zhang Ruiqiang, what are you talking about? There is a problem within the China Securities Regulatory Commission?" The general manager looked at Zhang Ruiqiang, what are you talking about
"General Manager, I'm not talking nonsense. I have data to support it. These data were compiled with the help of Taihua Consulting. They can prove that someone is manipulating the stock market in violation of regulations!"
Zhang Ruiqiang handed a document to the general manager with a very firm expression on his face.
I opened it and looked at it, but I didn’t quite understand it.
There are tables on it, as well as various graphs, bar graphs, etc. The analytical vocabulary is too technical and difficult to understand.
But the results show that many stocks have been manipulated by humans. As a professional regulatory agency, the China Securities Regulatory Commission should not be unaware of this.
If they know about it and don't care, then there will be serious problems such as corruption internally. If they didn't know, they'd be seriously negligent!
No matter the situation, the responsibility is theirs.
"Are these data true and reliable?" The general manager looked at Zhang Ruiqiang with a serious expression.
"Feng Yu personally reviewed it and said it was reliable. I also asked several financial experts to review it, and they also agreed with this analysis. Now there are obvious hidden dangers in our country's stock market, and we must take timely measures, otherwise it will bring Big trouble!"
"What is the big trouble? Is it that serious? Isn't our stock market very prosperous now? Doesn't the index of more than 5,000 points mean that our economy is in good condition?"
"Only when everyone has spare money will they invest in financial products. This is considered a kind of financial management, right? The prosperity of the financial market can also reflect the good state of our economy, right?"
"Our economic growth has attracted the attention of the world for several consecutive years. What's wrong with the stock market now that it's better? It's only over 5,000 points. In Hong Kong or the United States, isn't it more than 10,000 points?"
The general manager feels that Zhang Ruiqiang is a bit alarmist. For others, more than 10,000 points is normal, but here we have more than 5,000 points, and you still call it a serious false high
Why, all the efforts I have made for the country's economic development in the past few years have been wiped out by your words
"General Manager, how many years has our financial market developed? How many years has it been developed in Hong Kong or the United States? And they are open markets, which means that foreign capital can directly participate."
"Ours is different. We are semi-open. Why should we restrict the participation of foreign capital? Aren't we wary of the financial crisis that swept across Asia in 1997?"
"How can the market be so prosperous if we don't have so much foreign investment? Look at the current economic newspapers and the economic news sections on the Internet. The number of people paying attention to it is much faster than that of people's livelihood. Is this normal?"
"Do you think it is normal for retired people and college students who are still in school to actively participate in stock trading? If you have spare money, it is good to use it for investment and financial management. It is a change in concept and deserves encouragement. .”
"But what they invested was not spare money. They used their retirement funds and tuition fees to speculate in stocks. Once they lose money, how will their lives be affected?"
"This is a professional field, and not everyone can make money by trading stocks. If it is true that anyone can make money by trading stocks, do you think it is normal? What will be the result? The hidden dangers are getting bigger and bigger. Once there is major negative news, , then it will cause panic selling among investors, and the stock market will plummet."
"Those who react quickly will make money, while those who react slowly will be trapped and lose all their money. The financial turmoil in Southeast Asia is an example. In Thailand at that time, everyone was speculating in stocks, but Soros alone was It was crushed and ultimately dragged down the national economy."
Even if it is a bull market, some stocks should rise and some fall, and the increase will not be particularly dramatic. How can the stock index rise by more than 1% for more than ten consecutive days
"Isn't it because state-owned assets are involved? Can't you stabilize the market?" asked the general manager.
"We are different from foreign countries. Foreign countries have open markets, and we are semi-closed. Overseas countries can make money from foreign investors, but we can only make money from our own people. To put it bluntly, it is to transfer some Chinese people's assets to In the hands of other people, some people make money and some people lose money."
"Foreign state-owned institutions can participate, but what does it look like for us to participate? If the state-owned assets make money, the people will lose. If the people make money, the state-owned assets will lose. We are only suitable to play a stabilizing role, not suitable for long-term investment. .”
At this time, General Manager also realized that the domestic financial market is still different from that of foreign countries, which means that many foreign operating models cannot be directly applied domestically.
If only Chinese people invest funds, then the financial market will only be a means to assist economic development and cannot become a pillar.
There are B-shares in China, which does not mean that Chinese people cannot invest, but it requires US dollars to open an account, which directly blocks ordinary Chinese people from the door.
Nowadays, the domestic stock market is booming, but the most prosperous is A-shares. But there is no connection between A shares and B shares.
In the previous life, China's stock market plummeted at the end of this year and the beginning of next year, which was led by B shares. This is also the area most closely connected with foreign capital markets, at least for the time being.
"Is the China Securities Regulatory Commission really a big problem?"
"It's really big! Policies drive the stock market up, and the main players go in to make money, and then retail investors stay behind. There are big problems here, even very serious. Especially the review of listed companies, it can actually be called public relations. Procedure information It’s complete and there’s no fraud, so why do you need public relations?”
"It can be said that if there is a need for public relations, then the listed company must have a problem. Many listed companies have good profits before listing, but after listing, their face suddenly changes. That is because many of their previous profits were obtained through high-interest borrowing. of."
"The problem of financial and performance falsification is very serious. What was the trigger of the last Internet bubble in the United States? It was financial and performance falsification! Such things must be severely punished and cannot be tolerated."
Zhang Ruiqiang asked someone to investigate and found out that insolvent companies with losses can still be listed. Isn't this nonsense!
The amount of the company's liabilities exceeds the company's assets. Even if such a company makes a profit, can it repay its debts? What will be used to distribute dividends to shareholders
I’m afraid all the funds raised from the listing will be used to pay off debts, right
Otherwise, some people now say that they are making money by going public, which in itself shows the purpose of these companies going public. It is not for the better development of the company, but because these shareholders want to make money.
In retrospect, they made a lot of money and left, but what if they left a mess behind
If Feng Yu hadn't told him this, he wouldn't have known there were so many problems inside.
"Then what should we do now?" asked the general manager.
"First of all, stop all company listing plans, and then start detailed review and invite outsiders to review!"
… (To be continued.)