Chapter 616: Conflict of Interests
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Why? I found that many of your views are non-mainstream! Boss Zhu still attached great importance to Fan Wuxi's idea, so he asked what the reason was.
Non-mainstream? Fan Wuxi scratched his head with a wry smile, did the word "Heart Dao" exist in this period, he really didn't know!
However, he naturally can't tell Boss Zhu that this word is derogatory, isn't it?
After thinking about it for a while, Fan Wuxian said to Boss Zhu, "All in all, there is still a lack of soil for domestic support for e-commerce, which leads to the fact that most of the returnees are very naïve, but very stupid, they just see a bright future, but ignore the current reality." Basically, the people who are trying to e-commerce now are basically the ones who want to be pioneers. ”
"What pioneer?" Boss Zhu asked puzzled.
"The pioneers are the first to enter the market and the fastest to die." Fan replied with a smile.
Boss Zhu also laughed. Two sounds, but Fan Wuxian can also see that Boss Zhu is not easy to laugh, after all, in such a big country, many things in all aspects are not so easy to settle, especially in this sensitive period now, many things are in a period of transition, whether it is housing reform, medical reform, or securities market reform, it will touch the interests of many people, so he did not expect himself to be re-elected.
Break and then stand, defeat and then become, although this is old. words, but they can be used at any historical turning point.
At present, such a situation is in China. There is no way to establish a new economic order without breaking the old rules and regulations, and to break the old rules and regulations, is it not a job to offend people? But someone has to do this work, otherwise, how can we not keep the old from the new?
At this meeting, another more sensitive topic was naturally . The stock market too.
It should be said that last year's stock market was the Year of the Ox, and in May of that year, the Shanghai Composite Index rushed . Above 1,500 points, which has been lost in four years, investors are excited. However, after the government raised the stamp duty on stocks, strictly prohibited state-owned enterprises and listed companies from speculating in stocks, and especially announced the expansion of the stock issuance quota to 30 billion, this round of bull market finally came to an end.
This year's market has been a bear market, but the government has taken the Chinese stock market more attention than ever before. Since the second half of this year, the Asian financial crisis has worsened and floods have been rampant, and in early August, the Shanghai Composite Index has pulled out of the 10-day negative line, falling from 1,300 points to above 1,000 points.
At this time, the media published. The high-level comments written for the "Securities Knowledge Reader" clearly affirmed the important role of the securities market in China's economy and called on party and government leading cadres, leading cadres of enterprises, and securities workers at all levels to study diligently and seriously think about securities knowledge.
Another longer-term signal is that the Securities Law, which has been in the making for six years, was finally passed at the sixth session of the National People's Congress. In fact, as early as 1992, the Financial and Economic Committee of the National People's Congress drafted the "Securities Law", but the content of its norms conflicted with the "Company Law" being drafted by the National People's Congress.
According to the legislative procedure, the "Securities Law" had to be transferred to the Legislative Affairs Commission for revision, and the two sides were deadlocked, and the "Securities Law" was shelved. In fact, the central government has always been hesitant about the securities market, and this is the real reason for the delay in the promulgation of the Securities Law.
As a central leader said at the time, the market is still not clear and the problem has not been fully exposed. Since there is a great deal of controversy within the NPC, the central authorities are happy to do so.
However, it was not until last year that the central authorities set the tone for speeding up legislation, and with the full promotion of the National People's Congress, the "Securities Law" was quickly promulgated.
Fan Wuxian has already read the "Securities Law", and on the whole, it is still a relatively rough line, and the policy terms in it are vague, such as state-owned enterprises and state-owned assets holding enterprises are not allowed to speculate on stocks, the word speculation is a common saying, but it is difficult to define accurately.
Another example is the change of listing from the approval system to the approval system, which seems to be very accurate, but it does not see the fundamental difference between the approval system and the approval system, which is nothing more than that the China Securities Regulatory Commission has set up an audit committee to allow officials and experts to evaluate whether the company can be listed. But the process is still not transparent, including the secrecy of the list of members of the audit committee, and as a result, the list becomes a competitive tool for financial PR firms, which sell it to investment banks, which will make public relations one by one.
In addition, there is no reason for the qualification system to implement classified management of securities companies and divide them into comprehensive and brokerage companies. Ironically, many of the comprehensive brokerages who thought they had strength went bankrupt or were placed in custody because of their subsequent proprietary business, while those small brokerage companies survived because they could not operate themselves. This further confirms a similar observation of companies in other industries, most of which are not starving, but dying.
Fan Wuxian has a certain understanding of all kinds of strange phenomena in the current stock market, and the comings and goings are nothing more than a conflict of interests.
As I know, in the upcoming May 19 market next year, the market is driven by rumors that the market comes from the central government. At that time, the front page of the "People's Daily" published a special commentator's article entitled "Strengthen Confidence, Standardize Development", which compared with the special commentator of the "People's Daily" two years ago, although the tone was cordial and soft, but the thinking structure and narrative mode were strikingly similar, except that the former desperately said how risky the market was, and the latter tried to defend how the market had upside potential, and used an innovative term, normal recovery rise.
In the last part of the two articles in the People's Daily, many measures were listed, but two years ago they talked about how to keep the stock price down, and then they talked about how to cherish the hard-won rise in the stock index, and the implication was how to get the stock market up.
Two years later, it was not only the People's Daily commentator's article that made a complete turn, but also the decision to allow state-owned enterprises, state-owned assets holding enterprises, and listed companies to invest in stocks, which the state issued a circular prohibiting just two years ago.
For Fan Wuxi, there is no need to use more brains, as long as he combines his later experience, and then understands a little about the domestic politics, economy and stock market at that time, he will understand that an unprecedented wave of speculation and money laundering will sweep the land of China.
Money laundering is the application of privilege to the market.
Before the reform and opening up of the market economy, a small number of people in China had privileges, but because there was no vast market stage, it was difficult to give full play to them. In the 70s, Wang Hongwen, a member of the "Gang of Four," was reported by his accomplices for corruption, and the successor of the party at that time just went hunting everywhere and watched a few pornographic movies, invited the little brothers in Shanghai to eat a few good meals and used high-end radios, lighters, and color televisions that could be manipulated from a distance, and then asked the Shanghai Municipal Party Committee to provide a regular subsidy of a few hundred yuan.
But when privilege meets a market, such as the stock market, it can generate huge amounts of wealth without even knowing it. The easiest way is to use the money of state-owned enterprises or banks for stock speculation, and the profits obtained belong to you.
A few years later, many cases of speculating in stocks with public money were exposed, but the parties involved lost the principal and could not explain to the company. Li Jianzhong, China's aerospace hero and former president of the China Academy of Launch Vehicle Technology, was later sentenced to life imprisonment because when he was the chairman of the board of directors of the two listed companies, "Qiong Nanyang" and "Rocket," he had people speculate in stocks with 100 million yuan, and as a result, he was trapped and imprisoned.
Fan Wuxian sat in the audience and watched the energetic economic experts talking about how the reform of the securities market was about to be, and suddenly felt a little disgust in his heart for no reason.
In the domestic securities market, the competition for interests is too fierce, and even sometimes it has risen to the political level, as if in many cases, when the stock market reaches a low level, the management is a vigorous introduction of negative policies, and then unconsciously put their relationship into it, and then began to rise, to the market direction has been very big, need to remind shareholders to be vigilant, the management continues to launch good news, and loudly call for the bull market endlessly, An even bigger rally awaits us.
Under this kind of operation, it is rare to be able to get out of the stock market, let alone make huge profits.
At least in the current environment, except for the bookmaker, people who can make a profit are really lucky.
Boss Zhu listened to the speeches of those experts very seriously, and from time to time he had to write down some content in his small notebook, and then instructed the secretary next to him to remind him to pay attention to something, anyway, he was very serious.
After Fan Wuxian sat for a while, he felt a little bored and couldn't arouse his interest.
Considering that everyone will have to have in-depth discussions on real estate development and other matters later, there will inevitably be a lot of time wasted on meaningless verbal disputes, Fan Wuxian felt that it was better to go out to breathe first, and in the future, this kind of summit meeting, he can still participate less and participate less, listening to people are more depressed.
Since then, mainstream economists have gradually become the spokesmen of various power groups, and once they have a scale in their hearts, their guiding opinions will have an unpredictable impact on the top leaders.
Under such circumstances, policy decisions at the central level have become the target of power competition among various forces.
In this era, it is finally becoming more and more commercial, Fan Wuxian shook his head and walked out of the hall of the venue.
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