"What is a market economy?"

……

"What is a ruling economy?"

……

"The so-called stock is a certificate of ownership issued by a joint-stock enterprise in the market economy environment, and the so-called shareholder is an individual investor for the purpose of obtaining dividends and bonuses. ”

……

Chen Qiaoshan sat in the classroom, listening to the old professor on the podium talking eloquently, but he was thinking about the domestic stock market.

He is here today to skip a class at the School of Economics and Management, and he is auditing the course of securities investment in the Department of Finance.

In Peking University, it is very easy to skip classes, almost every print shop has the course schedules of all departments of the school for sale, and if there is a demand, you can pay a few dollars to print a copy, of course, not every class can be rubbed, many small class courses are a turnip and a pit.

The first semester of the finance experimental class is arranged with basic courses, such as English, computer science, mathematics, etc., and the rest are a large number of public elective courses.

Chen Qiaoshan is also helpless about this, he has no interest in public elective courses at all, only occasionally goes to order a mao, and the rest is to skip classes everywhere, most of the time he goes back and forth between Guanghua and the School of Economics and Management, and sometimes he also goes to the School of International Relations to rub the course of economics.

He is now familiar with several colleges, but most of his energy is still focused on English for finance majors.

Chen Qiaoshan no longer regards qualification certification as a foolish errand, but really dives into learning, many professional economics courses have to read the original English books, and now it is not easy to find a reliable Chinese translation.

For example, consideration, the Chinese translation is consideration, which is an important concept in Anglo-American contract law, and this concept has not yet been introduced in China.

The general meaning is that when the two parties have conflicting needs and do not accept each other's terms, and the legal relationship conflicts due to economic interests, the parties make the necessary compromises on a fair basis to reach an agreement.

The concept of consideration has not yet been introduced in China, but Chen Qiaoshan knows this word, and is deeply impressed, 05 years of a very important securities law used the concept of consideration, but also caused a strong backlash from many foreign investors.

China's stock market is currently in the midst of a long bear market, and Chen Qiaoshan knows better than anyone that this bear market will last until 2005, and he also knows that the root cause of this bear market is the blind intervention of the government.

Although China is currently a market economy, in the final analysis, it will still be subject to the government's macroeconomic regulation and control from time to time, of course, the starting point of regulation and control is good, but the final result is often counterproductive.

The root cause of this wave of bear market is the 519 market in 99, on May 16 of that year, the government introduced six policies to invigorate the securities market, the effect is obvious, directly boosted the climb of the market, of course, also buried huge hidden dangers.

From May 19 to June 30 of that year, the Shanghai Composite Index rose directly from 1,059 points to 1,756 points, and this wave of bull market continued until 2,245 points in 2001, more than doubling.

With the improvement of the market situation, the government has issued a decision to reduce the holdings of state-owned shares to raise social security funds, to put it bluntly, the state-owned shares held by the government have been reduced and cashed out, and the domestic stock market has suddenly been full of sorrow.

As of 2001, state-owned shares, which account for less than one-fifth of the total number of listed companies, accounted for 60% of the total market capitalization, most of which were non-tradable.

State-owned stocks suddenly entered the market in large quantities, the market must not be able to accept, many investors have lost confidence, and the market has taken a sharp turn for a while, ushering in a long four-year bear market.

In the face of the collapse of the Shanghai and Shenzhen stock markets, the government also intervened to save the market, first revoking the notice of cashing out state-owned shares, but the market did not buy it.

In desperation, 03 years the government opened up the social security funds, overseas institutions, insurance funds into the market license, but unfortunately the effect is not obvious, this wave of bear market lasted until 2005, the government completed the transformation of state-owned shares is considered to be a complete end.

In order to complete the share reform, many measures have been taken, and the results have been mixed.

Around 2000, most of the state-owned shares and corporate shares could not enter the market circulation, and various attempts were made in order to complete the transformation of state-owned shares.

The reduction of state-owned shares is one example, but it has caused a four-year recession in the securities market.

In addition, there was also an auction of corporate shares, at that time, most people were on the sidelines, because the risk was too great, only those who had the vision and courage dared to start, and in the end these people also got a lot of returns, such as Liu Yiqian, who spent 300 million to buy the Ming Chenghua Doucai Chicken Cup, he is one of them.

Liu Yiqian, known as the king of corporate shares, attacked everywhere in the auction of state-owned shares, and his capital more than quadrupled in just one year, which can be said to be a lot of money.

Chen Qiaoshan is a little regretful, but unfortunately he was born at the wrong time, if he had come three or four years earlier, maybe he wouldn't have to work so hard, but he felt a little ridiculous when he thought about it, there was no shortage of opportunities in any era, what was missing was the courage and vision to seize the opportunity.

Chen Qiaoshan also considered in his heart, if he was in that era, he had no memory of the afterlife, and he had tens of millions of funds in his hands, would he take the risk and try? The answer was no.

He couldn't help but smile bitterly in his heart, this may be the achievement of Dafutian.

There is no simple person who can succeed, there is no fighting posture, and he really does not dare to fight in the capital market.

Chen Qiaoshan is a little confused, this is an era of chasing interests, what role should he play in it?

In his heart, he is a person who is a little rich and peaceful, he doesn't want to be rich and rich, as long as he lives freely, but he is very unwilling, and when he sees an opportunity, he can't help but pounce and stab Delong a few times.

After pondering for a long time, a word suddenly popped up in Chen Qiaoshan's mind, greed, that is, greed.

He thought that living a comfortable life was very simple, according to the current trend, slowly accumulating in the stock market, and in a few years, he would be able to live a comfortable life for the rest of his life, but because of this, he had a bigger goal, and the reason for all this was greed.

Chen Qiaoshan understood Tang Wanxin's thoughts in a trance, the Delong system he led along the way, the biggest driving force was greed for capital, but unfortunately greed made him lose his way halfway, and through various illegal means of financing, the Delong system finally went to ruin.

Chen Qiaoshan secretly warned that greed is not the original sin, the most important thing is to keep a clear head, otherwise he can only repeat the mistakes of the Delong system in the end.

"Whatever we gamble with our lives must be the most exciting. ”

Chen Qiaoshan pondered what Tang Wanxin said in his heart, and he thought, maybe it's time for him to go to the gambling table.

"That classmate, the classmate sitting in the penultimate row!"

Chen Qiaoshan's contemplation was suddenly interrupted, and when he came back to his senses, he found that people in a classroom were staring at him, and he was suddenly a little at a loss.

It's a small classroom, with less than 50 seats in front and back.

Chen Qiaoshan used to develop a habit of always liking to sit in the corner behind no one no one no matter where he went to class, which was suitable for sleeping and convenient for him to slip away halfway, which was very common in the previous university, but after coming to Peking University, it seemed a bit different.

Peking University students like to sit in the front row, so his position is a bit awkward.

"Student, please answer a question. ”

The teacher on the podium repeated it again, and then Chen Qiaoshan reacted and immediately stood up.

The teacher of this class is an old professor, which is not surprising, there are many old professors who are still in the front-line teaching position at the age of seventy or eighty at Peking University.

"This classmate, as far as you personally understand, what is the motivation of investors to chase capital?"

The old professor on the podium slowly and methodically said the question, and then waited for Chen Qiaoshan's answer.

The students in the front row all looked back at Chen Qiaoshan, dozens of pairs of eyes staring at him, and the whole classroom was so quiet that it could be heard.

Chen Qiaoshan didn't care much about the situation in front of him, he was also a person who had seen a big scene, and the attention of dozens of people was not in his heart, he pondered the question just now, and subconsciously popped out of his mouth: "Greedy!"

The old professor on the podium was obviously stunned, and asked back: "Greed?"

"Greedy!" Chen Qiaoshan did not hesitate and repeated with certainty.

Chen Qiaoshan felt that there were obviously a few more rapid breaths around him, and the quiet atmosphere was broken in an instant, and as a boy in the front row couldn't help laughing, the whole classroom suddenly burst into laughter.

Chen Qiaoshan was not surprised at all, he didn't feel that his answer was ridiculous, this was what he thought in his heart, and it was also his biggest gain from this class.

Inequality will lead to greed, and there will be greed if you don't get it, greed causes desire, and only with desire can there be motivation to move forward.

"The monk can touch it, why can't I touch it?"

Lu Xun's Ah Q is poor and desperate, but he dares to tease the little nun on the street, and he says such a sentence in a righteous and stern manner, perhaps this is the biggest rebellion against fate and the coveting of the status of a monk.

Chen Qiaoshan couldn't help but think, big guy, if you can do it, why can't I do it?

The students in the audience laughed unscrupulously, and many people laughed breathlessly.

Chen Qiaoshan saw that several girls were already lying on their stomachs on their desks, their backs were lying together, and he couldn't help but be a little worried, if he laughed well, this matter would be really difficult to solve.

The old professor stood on the podium, and did not stop the restlessness below, but just stared at Chen Qiaoshan, with a few more questions and inquiries in his eyes.

After a while, when it was quiet again, the old professor cleared his throat and asked, "What is your name, this classmate?"

Chen Qiaoshan was stunned for a moment, and couldn't help but wonder in his heart, could this old man not be able to find the back account, but he was not too worried, and said directly: "My name is Chen Qiaoshan, from the Department of Finance." ”

The old professor was holding a pen and jotting something on the lesson plan, and the girl in the audience suddenly interjected: "You are not our student of finance. ”

Chen Qiaoshan was stunned for a moment and explained: "I am not in charge, I am from Guanghua School of Management. ”

The classroom suddenly fell silent, and many people frequently looked back at him, their eyes uncertain, a little curious and a little mocking.

Chen Qiaoshan also didn't care, Guanghua has a deep relationship with the School of Economics and Management, and Guanghua became independent from the Academy.

The dean of Guanghua advocated the reform of the joint-stock system back then, and he was regarded as a reformer, and was criticized and criticized by many economists in the early days, including many of his own family members.

Of course, history is always not transferred by the will of people, and now that the joint-stock system and market economy have been deeply rooted in the hearts of the people, it is meaningless to care about the past.

The old professor stood on the podium, looked at everything that happened below, nodded imperceptibly, he looked at Chen Qiaoshan who was not humble or arrogant standing there, he couldn't help sighing, and pressed down his palm to signal him to sit down.

After Chen Qiaoshan sat down, the old professor said: "Studying is a process of mutual learning, and I hope that everyone can accept other people's views with an open mind, and whether it is right or wrong, they should not be ridiculed." ”

Chen Qiaoshan was very surprised, he didn't expect this old professor to be quite interesting, not only did he not blame him for being distracted in class, but instead criticized the laughing students below, which couldn't help but impress him.

Everyone in the audience was a little embarrassed, obviously a little embarrassed, the old professor did not continue to go deeper on this topic, and turned his head and preached on the stage: "Chen Qiaoshan answered this question very well just now. ”

At this time, the audience was restless again, obviously a little dissatisfied with the old professor's partiality.

"When we do learning, we must calm down, don't study for the sake of learning, learn to think independently, and don't follow others. ”

The old professor was a clear-eyed person, and he saw through most people's thoughts at a glance, and he directly explained: "What is greed? Greed is the result of human genetic selection and the driving force behind the development of human society. ”

"In the financial market, capital is the soul of the market economy, and the pursuit of profits is the fundamental purpose of the market economy. ”

"In the field of securities investment, investment is the pursuit of profits, and greed is the root of all investment. ”

……

Spencer's theory of social evolution says that greed is an expectation of business behavior, and it is the basic condition for human beings to survive in commercial competition. ”

Marx also said that greed is the driving force behind the development of social productive forces. ”

"In the final analysis, economics is based on greed, so for human business civilization, greed is the origin of all investment behaviors!"

Everyone in the audience was dumbfounded, they didn't expect that Chen Qiaoshan gave the correct answer, and they were all ashamed of the ridicule just now.

At this moment, the bell rang for the end of class, and the old professor said on the stage: "This class will be here first, and we will discuss specific cases in the next class. ”

After speaking, the classroom suddenly became noisy, and the old professor said loudly: "Chen Qiaoshan, you can stay for a while." ”

The old man on the podium seemed to be the conductor of the band, and with one sentence, the already restless environment suddenly quieted down again, and it didn't take much time for the students sitting in front of him to quietly walk away.

There were only two people left in the classroom, an old man and a young man, Chen Qiaoshan was a little surprised, he walked quickly to the podium and asked, "Professor, do you have anything to do with me?"

"Student Chen, Guanghua's finance is a new experimental class this year, you should be a freshman, right?"

Chen Qiaoshan didn't say anything, just nodded, but thought in his heart, it seems that this old man also pays a lot of attention to Guanghua's side.

"You are very talented in economics, and you are also very interested in economics courses, so if you encounter any problems in your studies in the future, you can come to me. ”

Chen Qiaoshan was a little flattered, this was something he didn't expect at first, he secretly wondered, could it be that this old man has a good eye for talents and finds that he has outstanding abilities?

The old professor took out the lesson plan, tore off a blank piece of paper from it, scratched it a few times, and handed it to him: "If you have any problems, just come to me, our economics department is no worse than Guanghua's." ”

Chen Qiaoshan smiled secretly in his heart, it seems that Guanghua and the academy are really a bit of gunpowder, he is not hypocritical, he took the note directly, and saw three words written on it, Yan Zhijie, with a phone number.

"Thank you, Mr. Yan. He thanked him sincerely, after all, the other party was also kind.

When Chen Qiaoshan left the management building, he also realized in his heart that he could no longer attend Professor Yan's classes from now on.

Now that the affairs of the Delong department are getting bigger and bigger, if you want to achieve the expected goal, you have to add another fire, and Chen Qiaoshan needs to show up and go into battle shirtless.

The next class will discuss the case of the Delong department, and if he goes over again, it will undoubtedly be an extremely embarrassing existence.

Greed is the motive for human beings to chase desires, Chen Qiaoshan sighed, he has been careful to abandon it all tomorrow, there is no return if he doesn't pay, and he only hopes that he will not regret today's choice in the future.