"Yes!" Qin Xiaotian was quite helpless, but he could only admit it.

"That's why I've always thought that gossip and rumors are often more credible than government announcements!"

"I have experienced the era of complete black boxes, and I have also seen the scene of rumors flying all over the sky that affect the operation of the market, and I know the lethality of improper policies to the market. So I have been in the securities market for so many years, and my greatest hope is that these things will not happen again, and the result is ......" sighed, Qin Xiaotian sighed and said: "The current market is too miserable, it can be said that the corpses are everywhere! Especially those retail investors, the hard-earned money accumulated over the years has evaporated like this!"

Pang Jindong nodded: "I sympathize with them, but I can't save them!" Because this market is the law of the jungle, if I save them, I can't save myself!"

"What do you think about the next market?"

"First, there will be no deficit in China's foreign trade, which will greatly slow down or even stop the pace of renminbi appreciation; second, there will be no turning point in China's economic growth, and it will shift from high-speed growth to medium-speed growth or even low-speed growth; third, there will be no serious recession in the international economy, which will lead to a turning point in the international stock market represented by country M. As long as these three conditions are in place, the bull market process will continue. The process of shifting from large-scale bank savings to all-round market investment, and from taking banks as the main channel for the distribution of social funds and the main mechanism for resource allocation to the capital market will also be carried out inexorably. ”

"These three conditions are not impossible and impossible not to be changed!"

"I guess there shouldn't be any major changes at least this year......" After a pause, Pang Jindong said worriedly: "But next year's things are not easy to say......

"Now many analysts believe that whether from the perspective of history or reality, although the suppression of the bull market by administrative power will change the process and rhythm of the bull market, it is impossible to change the direction and trend of the bull market. The process of marketization and the market-oriented forces of China's stock market are no longer what they used to be, and against the backdrop of an all-round improvement in the internal and external environment and an all-round marketization and internationalization of the economy, it is not easy for the administrative departments to try to change the course of the bull market through their administrative powers! The macroeconomic regulation and control with the main purpose of suppressing real estate prices in the past two years has failed, and if the main battlefield of macroeconomic regulation and control is shifted from the real estate market to the stock market, the outcome will not be much better than that of regulating and controlling the real estate market!

"Mr. Qin, I absolutely disagree with this point of view, because the speaker does not understand the characteristics of our country's economy at all!"

Qin Xiaotian asked with interest: "What do you think are the characteristics of our country's economic policy?"

"One of the most important features of this policy is that it does not hide wealth from the people. Therefore, whatever changes in the country will benefit the country rather than the people, then it will definitely change in this direction. Don't look at the more the property market is regulated, the higher the price, but the more the stock market is regulated, the more it falls. Because these are fundamentally two different things, and the nature is not the same. ”

"What do you think is the difference?"

"The biggest beneficiary of the property market is the state, and the real nature of the state's regulation of the property market is to squeeze the profits of real estate developers to reduce housing prices under the premise of not sacrificing their own interests. This is not possible because the goal of the real estate dealer is to maximize profits, not to engage in philanthropy. And only by using the guò policy to create a sharp rise and fall in the stock market can we create an opportunity for the national capital to make profits!" With a sneer, Pang Jindong said with great disdain: "As for those so-called analysts, you can completely take their words as a deaf ear! There are two kinds of people in our country who can be killed, one is economists, and the other is these so-called stock commentators. Many small and medium-sized shareholders have been harmed by these black mouths called analysts. In fact, strictly speaking, there are no real analysts in the domestic stock market, and some are only spokesmen for various interest groups. ”

As a securities dealer, Qin Xiaotian will naturally choose his own interest spokesperson and disseminate the remarks and remarks he needs in various media, so he is very clear about this kind of inside story. As soon as Pang Jindong finished saying these words, he realized that he had lost his words.

But Qin Xiaotian didn't care, he just said: "But many people know that it is a black mouth, but they are also willing to listen and believe!"

"This is because of a kind of blind obedience to psychological guidance in human beings!" Pang Jindong paused and further analyzed: "Most people hesitate when they encounter serious problems, so they are willing to listen more to the opinions of others, especially those who are considered authoritative. In addition, under the pressure of the group, individuals will abandon their opinions and reach the same opinion as the majority, which is commonly referred to as 'following the crowd'. After all, stock commentators will have a certain influence and make many people follow, so many people need to get a sense of psychological security and belonging through guò herd behavior. ”

Qin Xiaotian smiled and said, "In this way, it is necessary for our fund company to hire a few black mouths!"

"This matter will be entrusted to Mr. Qin!"

"Okay!" After thinking about it, Qin Xiaotian concluded: "According to your point of view, you must be a maverick in such a market in order to win!"

"So to speak!" Pang Jindong said slowly while thinking: "In fact, if you want to make money in this market, it is difficult to say, and it is easy to say. It is difficult to say because there are too many factors to consider, and it is easy to say that as long as you grasp the unique characteristics of this market, you can be invincible. ”

"Makes sense!" Qin Xiaotian agreed with this point of view.

Pang Jindong asked, "By the way, how are we in Singapore?"

"You must know that when we go overseas to invest, we need to make many detours. And the news you gave me was so quick that I only had time to withdraw some of the funds. Although we made a big profit this time, it was clear that we did not maximize the gains in terms of our strength. ”

The "Singapore" that Pang Jindong and Qin Xiaotian are referring to here does not refer to the country of Singapore, but to the Xinhua FTSE A50 Index futures on the Singapore Exchange. This index is composed of the 50 leading stocks with the largest market capitalization in the domestic A-share market, and is listed and traded on the Singapore Exchange. The stock index futures established with this index as the subject have become financial derivatives products that are allowed to enter the domestic securities market for QFII fund operations.

Since overseas hedge funds cannot directly enter the A-share market, and only the index futures are linked to domestic stocks, overseas hedge funds sell the index short on the one hand, and borrow securities from QFIIs on the other hand, and then sell these stocks to QFIIs on the day of the delivery date, suppressing the domestic A-share index, and at the same time making profits from the short selling of the Xinhua FTSE Index.

Due to the strong capital and rich experience of overseas financial predators, coupled with the loopholes in domestic policies, the result is such a strange phenomenon, the fluctuation of the stock market in country Z can be predicted in advance by the trading situation of Xinhua FTSE futures. To be more detailed, if there is a large number of contracts bought by Xinhua FTSE, then the domestic securities market will soon fall sharply, and vice versa.

This is one of the ways that overseas capital giants loot the fruits of domestic economic development, and the domestic economic management departments certainly do not want to see it, but they have nothing to do.

After the market plummeted, Pang Jindong made a detailed analysis of this index futures, and noticed that when it was first listed, the domestic media often gloated and ridiculed the light business, but in the past six months or so, the news about this index futures has become a blank, as if there is no zài at all. It is even more impossible to understand the trading status of this future. In the style of the domestic media, it is self-evident what this means.

Qin Xiaotian said: "Now that the financial predators have made a lot of money in this future, is it necessary for us to make our own money back?

"What does Mr. Qin mean by setting up a QDII fund that can invest in overseas markets?"

"Yes, now that the domestic management has approved the first batch of QDII, we are about to test the waters of the overseas market!

"If I'm not wrong, this batch of QDIIs will go home in a hurry! In a certain way, I suspect that this batch of funds is simply going abroad to send money to others! But ......" Pang Jindong laughed a few times and said meaningfully: "We can try it!"

"With your talents, even if all other QDIIs fail, we will succeed!"

"Good!"

Seeing that Pang Jindong agreed, Qin Xiaotian asked further: "What requirements do you have for this fund?"

"First, the scope of investment stated in the prospectus -- including countries and regions, as well as the variety of financial products -- is as wide as possible, and this principle should be upheld in real operation; ”

"What's your name?"

"Let's call it the Global Development Fund!"

"Okay!" Qin Xiaotian was silent for a moment, and once again admired Pang Jindong's strategic vision: "I have a hunch that cooperating with you will be the fastest period for my career development." The only thing I regret is that this day came too late......" Qin Xiaotian said, quite emotionally that he was already a hero.

Pang Jindong hurriedly said: "Mr. Qin, you are really too modest!"

"I'm curious, you have such talent, why are you starting a business now?"

"I used to have a very difficult life, so I had to make a lot of money. When I achieved this goal, all I wanted was to have enough food and clothing, and I never tried to pursue any great fortune. It's just based on various coincidences that I embarked on the current path. ”

"You're not right!" Qin Xiaotian denied Pang Jindong's point of view for the first time, although Pang Jindong was only talking about his own life. "You should correct your attitude towards money!"

"My attitude towards money?" Pang Jindong never thought that his attitude towards money was problematic, so he was very puzzled by Qin Xiaotian's words.

"Yes! Whether you are rich or poor, you should let money serve you, not you serve money! That is to say, you should be the master of money, above money, and this has nothing to do with rich or poor! This is easy to say, but it is very difficult to do! Some people are desperate to make money, and they say: 'When I have money, I can spend it as I want!' And many rich people do this! But are they the masters of money? No! Because they don't have the right attitude towards money, what they do only proves that they are slaves to money!"

Pang Jindong asked strangely: "Why do you say that?"

"Because they're measuring their worth with money!"

Pang Jindong understood it at one point, and immediately understood Qin Xiaotian's meaning when he understood this sentence, and deeply agreed: "Money is the product of our business, but we can't create a career for the sake of money!"

No matter what a person does, including planning for his future, the first thing he should do is to clarify a goal. This goal cannot be directly positioned in the pursuit of glory and wealth, but should constantly think about how to realize the value of one's life. Some people do learning, and some people do business, but in fact, they have the same goal, because the purpose is to realize their own value and challenge themselves. If the goal and direction are wrong, then there will be absolutely no success. After a pause, Qin Xiaotian continued: "When it comes to putting money above you, let's take a simple example: if you wear a pair of pants worth 10,000 yuan, and when you feel tired walking on the street, you don't hesitate to sit down and rest, it means that you are the owner of money, even if these pants are all your belongings." Because you're thinking: 'I'm tired, I need to rest!' instead of: 'These pants are too expensive to get dirty!'"

If it was always Qin Xiaotian who admired Pang Jindong just now, then this situation has now changed, and it has become Qin Xiaotian who taught Pang Jindong a lesson. Pang Jindong was very emotional, Qin Xiaotian's decades of life experience have indeed brought a lot of spiritual wealth. And this correct outlook on life is an important factor in his success.

Pang Jindong was in Han Feng's office and used an Internet phone to talk to Qin Xiaotian. After the two chatted for a long time and hung up the phone, Pang Jindong returned to the hotel.

While thinking about Qin Xiaotian's reasoning, Pang Jindong opened the door of the room, but he was stunned as soon as he walked into the room.

Jin Lingling was sitting in the middle of the room, looking at Pang Jindong coldly. At the same time, Pang Jindong noticed that there were people on both sides behind him, and was about to react, but Jin Lingling had already spoken: "Mr. Pang, please take a seat!"

Pang Jindong has been in battle for a long time and has experienced all kinds of crises and difficulties, and there are very few times when Pang Jindong can be stunned. But at this time, Jin Lingling's sudden appearance, her expression and the atmosphere in the room made Pang Jindong feel faintly bad.