Coquettish Rebirth

When Jia Hongjian was about to wipe his butt off the shady things in the stock market, the news format on the market could be said to be "a hundred schools of thought contending" and "a hundred flowers blooming".After the shady scene in the stock market was exposed, and after the China Securities Regulatory Commission had scoured it from top to bottom, all the media were interested in talking about the stock market.All of them are looking for the problems of the stock market, and all of them are analyzing how China's stock market should go.

On the one hand, some media say that Chinese people or investors are immature. On the other hand, when stocks fall, they want the government to support the market. The government must pay for the people. The people themselves cannot accept losses, at least not Big losses.Such an approach is to completely forget the words "entering the market is risky, please be cautious when investing in physical fitness" that all securities companies would advise before entering the stock market.

But this is normal to say, ordinary people are also brokers.As for the agent, it is not the agent of a celebrity agent, but the concept of an agent in economics, that is, just like a company, it will also want to make more money and find places that are beneficial to itself.So, when ordinary people suffer a lot of losses, don't they think that the government claims that the people are the masters of the country?Doesn't that require the government to pay the bill?Anyway, they can't lose half their life's money themselves!

Therefore, some media earnestly persuade those ordinary people who have lost money to learn from it and learn their wisdom. Next time, remember that the stock market is not a purely place to make money, but also to make people lose money.Of course, there will be different voices from other media, such as some media.That's what I said, "Why is the stock market in other countries in the world an investment field, but our country's stock market has become a gambling field where giant crocodiles run rampant? In the final analysis, this is still a problem of insufficient supervision, and it is still a problem of the system in the final analysis. .If the system is good, why didn't these giants be stopped before they formed? Instead, they were allowed to grow? It can be said that up to now, the losses of investors are the result of the previous inaction of the Securities Regulatory Commission! This in itself It is the problem caused by the system, but now no one in the China Securities Regulatory Commission has proposed to be responsible to consumers. Why is it obviously someone else’s fault, but in the end the investor suffered a loss and still paid attention to it? This makes the author fall into contemplation...”

What about the comments above.Jia Hongjian didn't even look at it.Although this argument makes sense to some extent.But after all, what is wrong with this system, what is thinking deeply, is something that later generations will get tired of seeing.Putting on this format, no matter how reasonable the words are.It also sounds like a cent or something.Relatively speaking.Jia Hongjian felt that Nan Zhou had done a good job!

After Nan Zhou was rectified by Huaxia Hi-Tech last time.Honestly, Nanzhou no longer finds fault with Huaxia Hi-Tech-related companies, but their overall tendency is still a bit right-leaning.For example, in this incident, their comments from Nan Zhou were like this - "Why did the Chinese stock market become like this? Wu Jinglian compared the Chinese stock market to a casino. From this perspective, the Chinese stock market has basically become a casino. It has lost the most basic functional expectation established by it, which is to provide financing for enterprises! It is no exaggeration to say that such a stock market has become a place for market makers and institutions to falsify and arbitrage. Whether a company is listed or not, although at the beginning It is possible to raise funds, but whether their company’s performance is good or bad in the future is not directly related to their stock prices. It depends on the face of the dealer and the institution, and whether the dealer or institution wants to speculate on their stocks! Even the dealer and the institution want to To strengthen their own strength, they have already begun to fall into the situation of illegally absorbing deposits! Why did China’s stock market become like this? The reporter roughly listed the following reasons——

First of all, a few years after the establishment of China's stock market, it immediately changed its role from a company financing channel originally set by the central government, a channel to attract social idle funds, and transformed into a role of blood transfusion for state-owned enterprises!A few years after the establishment of China's stock market, when a large number of state-owned enterprises in China began to lose money, and after local governments got listing quotas, what they considered was not to let the companies with the best performance go public for financing, but to find companies that were too big to be dumped. Go suck blood!In the past, the banks gave state-owned enterprises blood transfusions, and the state-owned enterprises failed to pay off, and then the banks would lend money again.Such a cycle has caused at least 25 trillion bad debts in China's banking industry. Under such circumstances, local governments finally discovered that the stock market is a way to get rid of state-owned enterprises, so they have listed state-owned enterprises one after another. According to the relevant articles in "Internal Reference", in such an operation process, there is no lack of estimated false accounts and forged performance to allow companies that are obviously not qualified to falsely qualify for listing! "

"When something like this happened, China's stock market has obviously become a state-owned enterprise that absorbs people's savings. However, will such a blood transfusion to state-owned enterprises be able to turn losses into profits? At least according to the current form, This is very difficult to achieve! The reason is very simple. Most of the state-owned enterprises in China did not have difficulty entering and operating because of insufficient funds! They had difficulty operating because of structural incompatibility. In short, they only adapted to the previous low productivity The planned economy of China is not adapted to the market in the market economy period, so it is difficult for these enterprises to transform. Such a transformation is far from being enough to provide funds. The example of Shanda Enterprises is more proof that state-owned enterprises that are largely loss-making It was also caused by the fact that the business ideas could not keep up with the market situation! Under such circumstances, it is obvious that the listed loss-making state-owned enterprises have gradually become shell resources. They have the qualifications to raise funds in the market, but their performance is difficult to see. There will be investors with a sane mind to finance them! Obviously, under such circumstances, such state-owned enterprises with shell resources will make the stock market a rent-seeking market, and their shell resources will stimulate others to borrow, rent, and then create benefits! "

"If we want to fundamentally resolve such a contradiction, and fundamentally eliminate the possibility of similar incidents in the future, the only way to solve the symptoms is to raise various thresholds and tighten various supervisions. Regulatory methods always lag behind the market, and it is impossible for regulators to formulate management methods that can deal with special emergencies without knowing the foresight. Therefore, the most fundamental approach is to abandon the idea of ​​the government supporting the market and giving up the listing of state-owned enterprises The idea of ​​sucking money to suck blood! And even more strictly implement the regulations on delisting stocks! In 1993, the China Securities Regulatory Commission formulated the regulations on delisting stocks, but until now, no stock has been delisted. Is this the intention of the China Securities Regulatory Commission? Let the water go? If the supervision of the China Securities Regulatory Commission is in place, then obviously many state-owned enterprise stocks should be delisted, and even the old three stocks of the Delong family that have been kicked out of the shady scene should also be delisted!" [

"Now that the country has begun to deepen reforms, state-owned enterprises are open to bankruptcy and sale. Since state-owned enterprises can go bankrupt and be sold, why do we allow state-owned enterprises with poor returns to continue to rely on the stock market? Why can't we order poor management The delisting of state-owned enterprises and then bankruptcy auctions? Obviously, this is all caused by some narrow local protectionism and political ideology. It seems that if a state-owned enterprise does not go bankrupt, it means that it will not lose state-owned assets. Don’t you know that the times have changed? Not allowing state-owned enterprises to go bankrupt will lead to even worse A big loss, but turning back the wheel of history!"

Obviously, what Nan Zhou said was to advocate the sale of various state-owned enterprises, and it would be best to sell all state-owned enterprises that were not doing well.Regarding this, Jia Hongjian didn't have much thought. In his opinion, Nan Zhou's words were correct from a certain point of view—what's the point of a poorly managed state-owned enterprise still relying on the stock market?According to the regulations of the China Securities Regulatory Commission, if you have lost money for 3 consecutive years, you will have to suspend listing!As a result, state-owned enterprises suffered a lot. How many listed state-owned enterprises have been suspended?No!We must pay close attention to these matters. If the trading should be suspended, where is there any shell resource matter?Yes or no?Where is there room for the dealer to wave his sleeves?

However, now this matter is not under Jia Hongjian's control, and he is not the boss of the Securities Regulatory Commission. Whatever he says, the Securities Regulatory Commission will not treat it as an order.Besides, the boss of the China Securities Regulatory Commission is now Zou Xiaochuan, the apprentice of Mr. Wu Jinglian. Don't they know what to do?Does Jia Hongjian have to point fingers?What Jia Hongjian had to do now was to clean up the mess, so he called Mr. Zhu's secretary, Da Zhang. "Hello, Hung-chien? What's the matter? Did you find anything new?" Da Zhang saw that it was Jia Hongjian's call, and he quickly picked it up. He thought that Jia Hongjian had discovered something dark. !

"No, no, where did I discover so many shady stories?" Jia Hongjian said with a smile. In fact, at this moment, he thought in his heart that he had discovered enough shady stories!In this series, three things have been kicked out by him in a row!Want to keep discovering?Is the Chinese stock market still playing? "Secretary Zhang, I mainly called to inquire about the Delong family. How are you going to deal with the third party of the Delong family? We kicked out the insiders here, but those who followed suit Ordinary people who invested in the stocks of the Delong family suffered a calamity. The fire at the city gate caused the fish in the pond! So I want to ask, does the central government have anything to say? Otherwise, my conscience is disturbed..."

"Explanation? What is the explanation? To tell you the truth, Hung-chien, what Tang Wanxin is thinking about all day in the detention center is to quickly find someone to take over his Delong Department! Why? Because he knows that this time he has caused a lot of trouble! Too many people have been cheated! If someone takes over and successfully reduces the losses of the common people, he can still be regarded as atonement, otherwise he will definitely be the type of public outrage! But who will take over at this time? Not stupid! Boss Zhu has found many central enterprise groups, but none of them are willing to take over! It feels like asking them to go into a fire pit, so I can't avoid it! Eh... By the way, Hung-chien, After all, it is you Huaxia Hi-Tech...I don't blame you, you don't kill Boren, but Boren died because of you...Why don't you Huaxia Hi-Tech take over? Anyway, you Huaxia Hi-Tech has a lot of ideas. After a broken plate, wouldn’t it start to operate in three or two years? It can be regarded as a statement to the common people, how about it?” Hey!This big Zhang actually took the initiative to make an idea on Jia Hongjian's head! (To be continued..)