Chapter 669: This Is the Key to the Problem
In all fairness, with Deng Chaofan's current position, it is still a little incomplete to fully understand the profound meaning of what Chen Youwei said, but the basic judgment of the young secretary of the Chuncheng Municipal Party Committee on the Huaxia stock market made him feel a sense of surprise.
Since its inception, the China stock market has been full of various criticisms, and now it has only been seven or eight years of development, and it is obvious that more efforts are needed to satisfy the increasing number of shareholders.
The huge round of stock market rallies that began at the beginning of last year has attracted more attention in China.
The emergence of millions of new shareholders has already indicated that such a new thing, which was not fully popularized a few years ago, has now taken root and grown in the land of China.
China's stock market seems to be full of too much uncertainty in the eyes of ordinary people, but an elite like Deng Chaofan, who has been engaged in the financial industry for a long time, understands it very well.
Under the premise that the Chinese stock market, which has too many old systems in the first place, is naturally full of too many places for human interference with the comprehensive changes in the economic environment.
This is the reason why many people often call the China stock market a policy market.
Judging from the growth process of the Chinese stock market, the ups and downs of the rotation all show that there is such a place that too many people who aspire to the so-called Western principle of free trade are very complaining.
Chen You's concise and concise alternative interpretation made Dempsey, who has always set his eyes on the bank, which he is good at, suddenly like a dream.
The current environment of China's stock market, which has an obvious background of macroeconomic regulation and control, is obviously impossible without the strategic planning of China's high-level executives.
Looking at the thoughtful Dempsey, Chen Youwei's heart was as bright as a mirror.
In another life, since Citigroup detonated the subprime mortgage crisis that shook the world, China's economy has always been in a state of turmoil.
Including the four trillion yuan, which is the most criticized and questioned, China has made too many unbearable efforts and costs in order to deal with Citigroup's very irresponsible quantitative easing policy after the subprime mortgage crisis.
The $4 trillion stimulus policy has been full of criticism and skepticism since it came out, and looking back a few years after the subprime mortgage crisis, the $4 trillion stimulus policy is certainly full of huge side effects.
But a very clear reality is that if there is no 4 trillion, in the face of the impact of the surging amount of funds under Citigroup's quantitative easing policy, whether it is the property market or the stock market, China may face a direct overturn.
In the face of the extremely grim situation at that time, the top management of Huaxia knew that the investment of 4 trillion yuan would inevitably bring huge inflationary pressure, but they could only quench their thirst.
As an ordinary citizen, you can only feel that money has been worthless since then, and housing prices seem to have been on a continuous upward trend.
It's just that those people who are extremely kind don't know that from the day the subprime mortgage crisis broke out, a vigorous currency war has been quietly unfolding among countries around the world.
More ordinary eyes are only attracted by the open war in which war broke out in the Rakshasa country on the day of the Olympic Games held in China, but they don't know that unlike the open war that ended abruptly in a few days, the financial and monetary war secretly between China and Citigroup has long been in full swing.
From the initial retreat to the gradual stabilization of the defense line, and then to the later confrontation with those evil international capitals from Citigroup, until the successful breakthrough of the RMB internationalization route after the clouds finally broke through, the sacrifices and costs paid by China are unimaginable to ordinary people.
This is true of the violent terrorist attacks in the northwest, the plane that has always been inexplicable, and the same violent terrorist attacks in the southwest.
Returning to the issue of China's stock market, China's stock market does have many problems that need to be improved.
As China's economy, especially the financial reservoir, China's stock market, at least until China's overall strength can not compete head-on with Citigroup, the so-called comprehensive liberalization policy must not be realized prematurely.
At least one point, Chen Youwei saw very clearly, in another life, when the Huaxia property market and stock market were at a relatively high level, the Huaxia government decisively let the gradually falling stock market naturally be in a historical position.
The property market, with a larger capacity, has maintained an upward trend for a long time under the effect of a variety of funds at home and abroad.
If China's stock market continues to remain high for a long time at this time, once those foreign funds burst into a comprehensive withdrawal, the result of a comprehensive collapse can completely end China's economy.
Many people say that Huaxia knows that the Japanese have suffered from Citigroup in this regard, and they still want to follow in the footsteps of them, which is really asking for their own suffering.
Judging from a more macro scene, how can China, whose economy has been growing rapidly year after year, lose food because of choking.
Judging from the fact that the international situation has become more and more favorable to China, the top management of China still has a clear judgment and control ability for the various situations that are likely to occur in the future.
All in all, it is precisely because he has witnessed the great changes in the world pattern in another life that Chen Youwei has maintained a high degree of vigilance and concern about various financial patterns, including the stock market.
It is precisely because of this that before the Huaxia stock market itself has not fully grown and developed, Chen Youwei will not suggest that some enterprises above designated size, including Yicheng and Chuncheng, enter too early.
"On the surface, the listing of Yicheng Commercial Bank in the second half of this year seems to have suffered some losses, but from the perspective of the overall situation, including the listing of you and FAW Truck Company, it will greatly expand the pool capacity of the Huaxia stock market."
Chen Youwei picked up the teacup and smiled slightly: "In this regard, your role is not only as simple as listing and financing, but more importantly, you are making your contribution to raising the reservoir dam of the stock market!" ”
"If that's the case, I'm afraid there will be a long-term downturn for several years after this stock market rally!" Deng Chaofan shook his head with emotion and sighed: "Those uninformed stock shareholders are afraid that they will have a lot of opinions!" ”
Chen Youwei nodded brightly and said, "There is no way, this is actually our national conditions in China!" If our stock market were completely unguarded like other countries, we would probably suffer even more losses than they would in the event of a Southeast Asian financial crisis similar to the previous year's Southeast Asian financial crisis! ”
"Hong Kong Island still has the full support of our central government, if we in China also have to face such a situation, who will we count on to reach out to the rescue?!" Chen Youwei took a long breath and said in a deep voice.
"Tonight is really better than reading ten years of books!"
Although Dempsey was a little strange that this young high-ranking official, who should be proud of the spring breeze, would say so many secret words to himself, he was still deeply shocked by the content of this profound conversation.
"Having said all this, it boils down to my expectations for you Yicheng Commercial Bank!"
Chen Youwei thoughtfully smoked two puffs of cigarette and said in a deep voice: "Most of the existing banks in our country are still dominated by the first or four major state-owned banks, and although there are many private banks established in the local area, there are too many homogeneity from the perspective of their development trends!" ”
"Homogenization?" Dempsey asked, surprised.
"Isn't it?"
Chen Youwei said with a smile: "Judging from the trend of their development, they are all developing in the direction of Gao Daquan, and I can't wait for every bank to become a giant with assets of hundreds or even hundreds of billions of huge assets!" ”
Referring to the profession he is good at, Dempsey's expression became serious, and he said in a deep voice: "If I was still puzzled by Chuncheng's excessive attention to small loans before, now I finally understand Secretary Chen's hard work!" ”
"I can't talk about hard work, it's just my thinking about some problems that need to be solved urgently in the development of Spring City!"
Chen Youwei slowly bowed his head and said: "A very common phenomenon in our Huaxia is that the vast majority of banks are focusing on those powerful large enterprises, and basically turn a blind eye to the financing problems of small and medium-sized enterprises that really need capital development, especially small and micro enterprises!" ”
"There's no way to do it, any money lender will put the safety of capital first!" Dempsey couldn't help but argue.
Chen Youwei waved his hand lightly and smiled: "So this is a test of how the bank's top management makes decisions!" If there is no basic policy above, if there is a problem, all the grassroots personnel below will be responsible, which is the key to the problem! ”
Chen Youwei's point-to-head made Dempsey sigh.
"Let's take our city of Spring City as an example, the original thousands of heavy industry enterprises have been reorganized and reduced to hundreds, if the banks are only focusing on these enterprises, then what about the other tens of thousands of small and medium-sized enterprises?"
Chen Youwei said with burning eyes: "From the perspective of me, the palm of my hand and the back of my hand are meat, and I can't put all my resources into that limited number of enterprises, not to mention that most of them have embarked on a virtuous cycle from a realistic point of view, and they don't need too much money at all!" ”
"A city can not only have tall and straight tree trunks, but also have more grass that can grow luxuriantly, otherwise once all the nutrients are absorbed by those seemingly tall trees, without the nourishment of the dense grass for the land, sooner or later the tall trees that are vigorous and vigorous will gradually die with the desertification of the soil!"
Chen Youwei quietly stared at Dempsey, who was concentrating, and said in a deep voice: "This is actually the origin of the so-called grassroots economy!" For those citizens who live at the bottom of the social ladder in large numbers, the city does not require them to pay too many taxes, but without their presence, it is difficult to imagine any vitality in this city! ”