Sitting in the Jiuzhongtian Cafe on the 87th floor of the Golden Trade Building, Ren Pingsheng was stirring the latte in the cup while observing the woman in the trench coat opposite.

Meticulous hair bun, delicate but not overwhelming makeup, with marble-carved facial features, and a pair of slender phoenix eyes, her body is full of awe-inspiring sharp beauty, she is as sharp as a sword out of the sheath, reminding others all the time that this is not a woman to be underestimated.

Even indoors, Jiang Qiurong is still wearing the iconic trench coat, but it has been replaced with a khaki short, revealing the embroidered neckline of the women's shirt, and the lower body is a pair of slim and narrow black trousers, which just highlights the pair of slender long legs, and the diamond stud earrings on the ears and the diamond ring on the ring finger of her right hand.

Although it was only the first time they met, Ren Pingsheng had already relied on his unique insight, combined with the few information provided by Zhang Wenwu, to give a rough profile of the white-collar beauty in front of him.

Her trench coat, pants, shoes and handbags on the table are all products of the Italian luxury brand PRADA, compared to the well-known Chanel, Louis Vuitton, Dior, PRADA is a second-tier luxury brand with no less history but not very well-known, which shows that she pays attention to whether her outfit is in line with her profession and position, focusing on quality and not deliberately showing off.

She likes to wear masculine trench coats, and her makeup does not overemphasize gender advantages, indicating that her work style is known for being tough and aggressive, and she also has the consideration of maintaining her independence in a male-dominated workplace.

The age and the diamond ring on her ring finger prove that she has started a family, but judging from her posture and posture, there is no trace of childbirth.

There are two possibilities, one is that the relationship between the husband and wife is not very harmonious, and the other is that the woman is too ambitious and does not want to let childbirth affect her development.

Ren Pingsheng guessed that the latter is more likely.

On the whole, this woman is capable and confident in her own abilities, her judgment of things will not be mixed with too many emotional factors, and she is a believer in the supremacy of strength.

At the same time, Jiang Qiurong was also observing and evaluating the man in front of her.

Observing words and emotions is a necessary skill for financial practitioners, and Jiang Qiurong is an expert in this way, whether it is a rich man or a ninth-rate liar, there is nothing to hide in her eyes.

If she asked Zhang Wenwu to ask the customer out before, she just wanted to confirm with her own people-watching skills who was sacred, who was the sage who took the mortgage of a 10 million mansion, whether he was a swindler who was ashamed of his words, or a rich second generation who had a good time by mortgaging the house from his family.

Then, this person is in front of him now, but Jiang Qiurong is a little puzzled by the man in front of him, he looks too young, a young man of this age, who can have a net worth of tens of millions, can only be explained by the rich second generation.

But this person's speech and demeanor are not like the rich second generation, and he looks a little old-fashioned when he dresses, and there is a big age gap between him and himself.

Moreover, there is a layer of things in his eyes, like a protective color, which hides the true thoughts in his heart, which makes people unpredictable and impossible to peep into.

Both of them had a tentative mentality and talked cautiously, and Jiang Qiurong couldn't help but take the lead in getting into the topic.

"Mr. Ren, I don't want to waste each other's time, please tell me frankly, what exactly are you financing for?"

Zhang Wenwu's loan application is perfectly written, which is enough for ordinary credit review, but the so-called business plans constructed for financing cannot escape Jiang Qiurong's poisonous eyes, so she will go straight to the point.

Ren Pingsheng looked at the pair of sharp phoenix eyes quietly, and quickly weighed the pros and cons in his mind, and finally decided not to tell the truth about the plan to invest in online games, but put forward another set of statements.

"Ms. Jiang, do you invest in stocks?"

Hearing this, a disdainful smile appeared on the corner of Jiang Qiurong's mouth, as if she felt that Ren Pingsheng was very naïve.

"Hehe, I'm sorry, I'm not going to throw money into a casino. ”

Although the other party's language is contemptuous, Ren Pingsheng can fully understand that since the establishment of China's securities market and the A-share market in 1990, one of the biggest characteristics is that the bear is long and the bull is short.

According to statistics, from 1990 to 2017, except for the initial gains, the A-share market has experienced three bull markets, namely:

300-fold increase between 1992 and 1993,

500-fold increase between 2005 and 2007,

200-fold increase between 2014 and 2015;

In total, the A-share market has only been in a bull market for 5 years, and the other 20 years have been bearish.

In the eyes of Ren Pingsheng, a reborn person, due to the grasp of the exact turning point, the bull and bear switch in the A-share market is nothing more than a change in data;

In the eyes of thousands of ordinary shareholders, the long bear market in the A-share market is a bottomless abyss, and countless investors have entered the market in hope again and again, and have been harvested, devoured and consumed in disappointment again and again.

Compared with the steady rise in real estate investment, the uncertainty of the A-share market is indeed more similar to that of a casino, and only a few bookmakers and insider traders can really survive and make money.

With Jiang Qiurong's professional attitude, she naturally disdained Ren Pingsheng's idea of investing in A-shares, if it weren't for her politeness, she would almost have to walk away.

Ren Pingsheng naturally noticed the change in the other party's mentality, but he did not panic and continued to ask the second question.

"Ms. Jiang, what do you think are the factors driving the rise of stocks?"

Jiang Qiurong was a little impatient, maybe this conversation was really a waste of time, she thought to herself, but the professionalism she had accumulated over the years still made her blurt out.

"Of course, it is the value of the enterprise, in layman's terms, it is the return created by the enterprise to shareholders, and the industry usually uses three indicators to measure P/E, P/B and ROE. ”

(Note: P/E price-to-earnings ratio, also known as the price-to-earnings ratio, is the ratio of stock price divided by earnings per share, which mainly reflects the company's profitability; P/B price-to-book ratio is the ratio of stock price divided by net assets per share, which mainly reflects the long-term value of the company; ROE return on equity, also known as return on equity, is the ratio of the company's after-tax profit divided by net assets, which is mainly used to measure the company's efficiency in the use of capital invested by shareholders.) ）

Jiang Qiurong picked up the strong black American coffee on the table, took a sip lightly, and raised her eyebrows.

"Mr. Ren, you don't need me to explain these three indicators to you, do you?"

Ren Pingsheng smiled slightly, and did not take the other party's implicit mocking question to heart, he continued to ask the third question.

"Ms. Jiang, can you name three A-share stocks that meet these three indicators and have a good stock price rise at the same time?"

Jiang Qiurong originally had the attitude of watching jokes, wanting to see how this young man got ahead, but she was stumped by Ren Pingsheng's question.

With her understanding of the capital market, she reviewed the bull stocks in the A-share market, but could not find the corresponding target.

Ren Pingsheng seemed to have expected the result, so he had time to continue.

"Up to now, the stock with the largest increase in the A-share market is called 'Hailan Holdings', which has risen 1,000 times from the lowest point to the highest point since it landed on the A-share market in 1992, which is an amazing increase even in the global market. ”

However, this bull stock started to do chemical fiber products, and then entered the Internet, and then engaged in military research and development, and also got involved in the game industry and pharmaceutical procurement, it can be said that the main business has changed and changed for more than ten years, and no business is the top in the industry, nor has it brought any substantial returns to shareholders, and has even been ST. ”

"The three indicators you value may be recognized by the international market, but obviously they don't work at home. ”

Ren Pingsheng picked up his latte and took a sip gently, his posture calm.

After hearing this, Jiang Qiurong tilted her head sideways and looked at Ren Pingsheng carefully for a minute before asking.

"What is Mr. Ren's opinion?"

She was originally a little contemptuous, and her body was also reclining in her seat, but at this time, she unconsciously sat upright.

"Think about it, what is the original intention of the creation of China's asset market, and what are the most mainstream companies in the A-share market?"

Ren Pingsheng did not answer directly, but continued to ask rhetorically.

Jiang Qiurong was aroused, she frowned and said:

"When the A-share market was created, it was the most difficult period for the domestic economy, facing the dual pressure of foreign sanctions and domestic inflation, and the original intention was to solve the problem of corporate financing and capital turnover. ”

Ren Pingsheng nodded, he had completely mastered the rhythm of the conversation at this time.

"Think about it again, what are the most popular companies in the A-share market, and what is the nature of ownership?"

Jiang Qiurong narrowed her phoenix eyes slightly, and said in a deep voice:

"State-owned enterprises. ”

"That's right, the original design of the A-share market is to help state-owned enterprises get out of trouble, in the past, enterprises mainly borrowed from banks, loans need to repay principal and interest, if the business conditions are not good, the national finance and financial system will be pulled down. ”

"Since the establishment of the A-share market, enterprises can go public for financing, and shareholders' money does not have to repay interest, and it will not cause financial risks, which is of great benefit to the country's overall economy. ”

Ren Pingsheng said as he bent the middle finger of his right hand and tapped lightly on the table, although his hand movements were not large, but the tapping was very regular, so that the other party's eyes were unconsciously attracted by the gestures, and his attention was more focused on Ren Pingsheng's words.

"Investors are certainly not stupid, why are they willing to invest their money in the stock market, of course, it is profitable between the price changes of the stock. ”

"To solve the problem of corporate financing, we need to get more companies listed, and we have to attract more shareholders to join the stock market. ”

"If you want to attract more investors to the stock market, you have to create a situation where the stock market is thriving, so that investors feel that it is profitable. ”

"It's about creating a bull market. ”

Ren Pingsheng's eyes were like electricity, tightly locked the pair of slender phoenix eyes opposite, and said with a smile:

"Now, you should understand the question, where is the impetus for the A-share market to rise?"

"Country. ”

Jiang Qiurong blurted out, Ren Pingsheng nodded with a smile, and the two glanced at each other, as if their evaluation of each other had gone up a level, and they also found a rare tacit understanding.

"That being said, but on what basis do you judge that the state now wants to push the stock market up. ”

After all, Jiang Qiurong has been working in the financial industry for many years and has seen many high-level figures.

Although Ren Pingsheng's conversation just now has shown his strength, she is not so easily convinced, and she needs a more comprehensive answer.

As if he had expected her to ask this, Ren Pingsheng continued to ask: "Since last year, what has been the most significant event in the domestic capital market?"

Jiang Qiurong bent a finger, propped it on her left cheek, thought about it sideways, and replied:

"It should be 'equity split'. ”

Ren Pingsheng nodded and agreed.

"Yes, since 2005, the State Council's "Several Opinions on Promoting the Reform, Opening-up and Stable Development of the Capital Market" put forward 'actively and steadily solving the problem of equity division', the China Securities Regulatory Commission, the State-owned Assets Supervision and Administration Commission, the Ministry of Finance and other departments have successively issued a number of guidance and implementation measures, in 2006 to comprehensively promote the reform of 'equity division', and the current share reform work has been basically completed. ”

Jiang Qiurong didn't wait for Ren Pingsheng to answer, and immediately asked questions.

"However, isn't the 'split of shares' just to solve the problem of listing and trading of non-tradable shares?"

"When non-tradable shares are listed, they increase the supply of shares in the market. Non-tradable shares were originally acquired at a price well below the market price, and will definitely be sold after full circulation. ”

"How can the stock price withstand so much selling pressure, this should be a big bearish. ”

Ren Pingsheng shook his head gently, as if he was treating a student, and said step by step: "You have made the old mistake of judging things again." ”

"Didn't we say earlier that in China, all economic problems should be considered from the source. ”

Ren Pingsheng stretched out a finger, lightly drew a circle in the air, and said indifferently.

"You have to be in the position of a decision-maker to get the real answer. ”

If at the beginning of this conversation, Ren Pingsheng still talked to Jiang Qiurong with a relatively low attitude, then now the positions of the two have been unconsciously reversed.

Jiang Qiurong couldn't care about the change in the other party's attitude at this time, she was completely led in by Ren Pingsheng's thoughts, the two slender eyebrows were wrinkled together, and the strange light in the phoenix's eyes flickered, obviously thinking a lot in her mind.

"If the country wants to solve the problem of share reform, the share reform needs market support, so the country needs a bull market, and the bull market will inevitably come ......"

Jiang Qiurong muttered to herself, although all this is logically deduced, ordinary people would never dare to predict the future like this, and only a time-traveler like Ren Pingsheng knew that this conclusion was correct, because he had experienced all this firsthand.

"That's right, this is the embodiment of the will of the state. ”

"We don't have to worry about whether the bull market is reasonable, we just need to make money that can be made under the premise of certainty. ”

Ren Pingsheng clapped his hands and made a conclusion about this conversation.

"You can't go wrong with following the country. ”

Having said that, but as a traverser, Ren Pingsheng certainly knows that the 2007 bull market is not so simple, in addition to the solution of the problem of equity division, the appreciation of the RMB, the launch of QFII (qualified foreign institutional investors), and the help of the social security fund all played a key role in the magnificent bull market.

But in the final analysis, the introduction of these policies is also an extension of the country's will, and Ren Pingsheng does not need to talk to Jiang Qiurong in such detail, because the dry goods he took out today are enough to prove his strength.

Sure enough, Jiang Qiurong narrowed her phoenix eyes again, and she rarely showed a smile so far from talking.

The thin red lips and white white teeth made the originally very solemn jade face look extremely charming, and this cold and arrogant female devil actually had such a feminine side, which made Ren Pingsheng stunned for a moment.

Jiang Qiurong turned her eyes and took Ren Pingsheng's expression into her eyes, she kept that smile casually, and said in a playful voice: "Then may I ask Mr. Ren, how should we follow the country?"