After losing three games in a row, Liu Lao angrily asked Secretary Tian to hurry up and start eating.

Regarding the establishment of an overseas investment fund, Fu Zhengyi had not thought about it before, but he could still report the basic principles casually.

It is not subject to the interference of the administrative department, does not accept the management of the administrative department, does not publish specific positions and trading plans, publishes the balance sheet and profit and loss statement on a monthly basis, and publishes the position details twice a year.

The wine glass he picked up was put down again, and Liu Lao blinked before he said. "It's as simple as that?"

"That's all you can think of for the time being......

Fu Zhengyi was not polite, but Li Tingli was stunned, Secretary Tian was also stunned, and Liu Lao was stunned for a while before patting the table and laughing. "Xiaofu, what are you joking about?"

Fu Zhengzhi said. "No kidding! These three no's and two open principles are only the most basic, and the specific rules must be sat down and worked out one by one. Liu Lao, this is a sovereign overseas investment fund, once it is put into use, it will inevitably have an impact on some financial markets, and even promote or suppress the development of the industry, so whether it is a trading plan or the details of the position, it needs to be kept absolutely confidential......"

Seeing that Liu Lao was frowning and thinking, Li Tingli asked seriously. "And how is the monitoring mechanism established?"

"You can find a third party! Whether it is a channel provider, an accounting firm, or a bank, in short, the basic principle of disclosure is not negotiable! If you want to make money and want the safety ......of funds, then you must give up part of your management power, otherwise it will not be a cooperation."

Li Tingli knew that what he said was reserved and more polite, seeing that Liu Lao turned his face and waited to listen to his opinion, he shook his head slightly and said that this issue could not be discussed openly, and he raised his glass and said to Fu Zhengyi that he would go back to report, analyze and study the specific issues of this sovereign fund.

Where is it so easy to set up a sovereign investment fund?

Fu Zhengyi smiled and raised his glass. In a word, good things can't be taken by one party. Win-win is the right and only way to work together......"

This is the end of the dreary topic, the two sessions are about to end, Fu Zhengyi is naturally concerned about how many of the proposals he has made behind the scenes, how many of them can be reported and discussed, and how many can finally enter the legislative process and be smoothly promulgated and implemented?

"Mr. Fu, these proposals of the Department of Wisdom are all sharp, but our country is in the process of development, and there are many things that are really difficult to do......"

Fu Zhengdao. "Do you have to do something stupid to make amends?"

Seeing the ridicule on his face, Li Tingli couldn't help but sigh for a long time, "Responsibility and rights, you should understand what it means, the accountability system in other words is to settle accounts after the autumn, the national compensation mechanism is equivalent to admitting that you have done wrong in the past, and family planning is a basic national policy, and you can't touch it......"

"The accountability system is not a matter of settling accounts after the fall, but rather to let the incumbent know that long-term interests cannot be sacrificed for the sake of short-term interests! The state compensation mechanism means admitting mistakes, but should we not apologize or admit them if we are wrong? The public security in Hanzhou cracked the largest case of abduction and trafficking of women and children since the founding of the People's Republic of China. The fear of having no pension and having nothing to support forces rural people to have sons, so the baby girls and disabled children will be discarded, even healthy baby girls will be sold by their parents, and the 68-year-old man has to block the road and rob in order to be able to go to prison for the elderly, and the construction of the security mechanism is imminent......

"Mr. Fu, what you said is right and correct! It's not that the leaders can't see these problems, but the reality is that our country is poor. It's only been a few years of good life, and the accumulation is insufficient, and it's really powerless!" Li Tingli shook his head with a wry smile. "The China Securities Regulatory Commission is ready to engage in equity division, but the market does not accept, does not allow, and is scolding the mother! But according to the results of the study, no country's stock market does not allow the circulation of corporate shares, reduce holdings, and if you want to develop, enterprises still have to rely on financial innovation?"

Fu Zhengyi became alert. "Financial innovation?"

"Yes, the same rights of the same shares, the same shares of the same interests, the same price of the same shares is a must, the reform of the division of shares is imperative, the transfer and circulation of corporate shares are also impatient, once the reform of the division of shares is completed, then there is hope to achieve a win-win situation for shareholders, listed companies and finances......

Can finance, bookmakers, and shareholders achieve a win-win situation?

Dreaming!

It's hard for this guy to be embarrassed to say such things!

Fu Zhengyi said angrily and unceremoniously. "Can there be a win-win situation? Forgive me for being unheard, I really haven't heard of casinos, gamblers and dealers who can get rich together and get rich together!"

Poof!

Secretary Tian burst out laughing.

Li Tingli's face turned red suddenly, and he instinctively wanted to scold, but when the words came to his mouth, he realized that this was Liu Lao's mansion and he couldn't be presumptuous.

Seeing that the expressions of the three people were different, Liu Lao was a little puzzled. "Why don't I understand?"

"There is a saying in the stock market, it is called one profit, two draws and seven losses, right?" Fu Zhengyi pointed at Li Tingli and asked, waiting for him to nod before he said. "Mr. Liu, are we talking about the domestic stock market......

Li Tingli felt that something would happen if he continued to talk like this, so he quickly interrupted him. "Mr. Fu, your mouth is too to the point, listed companies are profitable and developing, is it only the overseas financial market that can bring returns to investors?"

"Then please tell me, how many listed companies have been able to make profits consistently over the years, how many companies are willing to pay dividends, and how many shareholders have benefited because they have been investors?"

Li Tingli said. "The stock market is risky......"

"Don't tell me anything like 'be cautious when entering the market'! If there were no market makers running rampant, no internal and external collusion, no rat traps, and no state-owned enterprises that are too big to fail and refuse to go bankrupt, our country's stock market should be far more prosperous, healthy, and more growing than the stock markets of Europe and the United States! It will never be the ...... it is now."

When it comes to the work of this department, Li Tingli has the responsibility to defend himself. At the beginning of the establishment of our country's stock market, it was to help state-owned enterprises get rid of their difficulties, so they ......."

"So we can only accept the coercion of the market, ignore the collusion between the market makers and listed companies, and ignore the hard-earned money of ordinary shareholders for a lifetime?"