The vernal equinox means that all things have entered the time of growth.

In the auditorium of the press conference, Li Tingli faced the reporters at home and abroad who were sitting in the audience, and he was a little emotional for a while.

The farce that began before the Spring Festival finally led to the establishment of two domestic and overseas funds, and in just two months, in addition to the proposal to amend the securities law, there has not been a response from the relevant departments, but the equalization fund has finally been unveiled to the outside world.

The total amount of 10 billion US dollars, compared with the current domestic stock market, is already quite large, if it can really be run according to Fu Zhengyi's vision, not only the Chinese version of the 410K plan can be implemented, but even the provincial pensions can be collected by the financial department for overall planning and arrangement.

Once you start doing something, you will gradually discover the mystery hidden in it.

It's just that Li Tingli doesn't think that Fu Zhengyi has premeditated in this regard, because there are too many ideas for pension fighting, both overt and covert, and the means are also strange and unguardable, but it is precisely because there are too many and complicated things involved, everyone wants to move this piece, but no one dares to move this part first......

A blonde and blue-eyed foreign female reporter said with a microphone. "Director Li, what is the real purpose of the establishment of Zhongwei Changwen Fund?"

Li Tingli was stunned, but turned his face slightly but found that the big leader was nodding slightly, he leaned forward slightly, pointed at the microphone and said. "Maintaining the stability and prosperity of the financial market is a necessary condition for China's economic development. At present, the total market value of the domestic stock market has exceeded 4.3 trillion yuan, and the circulating market value is nearly 1.3 trillion yuan......

An American journalist stood up and asked. "There is an iron law in China's stock market, which is called one profit, two draws and seven losses, what is the financial department's comment on this?"

Li Tingli said. "There is a process in the development of the financial market, and the development of China's financial market is still relatively short, whether it is in the establishment of policies and regulations or advocating rational investment by investors, there are still many things that need to be done!"

The American journalist choked. "The problem is that China's stock market has frequent stock market crashes, and the phenomenon of rat barns and sitting in the bank is also endless, but the shortcomings of the system have led to very few shareholders receiving compensation...... May I ask Director Li, is this an institutional defect or one of the man-made ways of wealth plundering?"

There was an uproar in the audience!

Domestic media reporters were full of anger, and most reporters from other countries and regions were surprised.

Li Tingli's expression remained unchanged, knocked on the microphone, and when the audience was quieter, he smiled. "Please forgive me for my shallow understanding of the history of financial development, but 'Black Tuesday' seems to have happened in the United States, and it is said that this day has become the darkest day in the history of American securities, and it is also the most influential and harmful economic event in the history of the United States, and even affected Western countries and the whole world, and caused the United States and the world to enter a decade-long period of economic depression.

Laughter!

The American reporter was stunned, and his face turned red. "Black Tuesday is a ...... caused by a number of factors"

Li Tingli's expression remained unchanged and continued. "By the way, I remember there was a 'Black Monday' that seemed to be famous all over the world because of the US stock market crash. The textbooks seem to explain that the US stock market crash has caused great panic among investors in Western countries, with many millionaires reduced to poverty overnight, and thousands of people having a nervous breakdown and committing suicide by jumping off buildings. May I ask, has the United States, with a history of nearly 200 years of financial development, now completely solved the problems of stock market crashes, crashes, and financial frauds?"

Wow......

The applause made the whole venue boil.

Li Tingli's sharp and humorous remarks, which were extremely targeted, not only exposed the sinister intentions of the American reporters on the spot, but also made him speechless in the way he treated others in the way of others, and it is no exaggeration to say that he has grown the prestige of the Chinese people.

A reporter from the Asahi Shimbun stood up. "The initial size of the Zhongwei Long-term Stabilization Fund is US$10 billion, does this mean that the upper limit of the size of the Mainland's equalization fund is so much? Will it be increased in the future? What are the conditions for the increase?"

"The fund is a leveling fund created by the financial sector and only the technology, its size will be adjusted with the development of the market, once there is an event that endangers the national economy, then relying on the financial sector, the People's Bank of China will be able to obtain unlimited funds, the purpose is to ensure the smooth operation of the financial market, so that the majority of investors can share the dividends of China's reform and development, we believe that the prosperous and stable financial market can give the real economy the best support......"

The Asahi Shimbun reporter raised a document in his hand. "This is an old data released by the Ministry of Finance, saying that China's stock market has developed for 12 years, and the number of listed companies has reached more than 1,300, and the market value has reached the eighth place in the world.

Li Tingli's face sank. "The purpose of the establishment of Zhongwei Long-term Stability Fund is to eliminate various problems in the financial market. The Ministry of Finance is not a for-profit organization, and the funder, Wisdom Technology, has stated that it will give up capital gains in due course to support the construction of the country. In the financial defense war four years ago, we not only preserved the fruits of Hong Kong's economic development, but also saved the mainland from the impact of the financial turmoil, and also set an outstanding example and made contributions to the stability of the world financial market! I also have a question that I am very puzzled about: How did Japan's economy have a 'lost 20 years', and I always feel that it is not our ...... that should reflect on it."

Li Tingli's-for-tat and refusal to give an inch made the reporters of the Asahi Shimbun red-faced and had to sit down quickly, and then his answers were either gentle and drizzly, or harsh, or sharp-tongued, which also surprised the reporters at home and abroad who were present.

Laughter and applause have become the main theme in the venue.

After the press conference, the five words 'not competing with the people' became the most quoted word by the media at home and abroad.

Of course, the financial markets reacted immediately......