"Why do you say that? I found that many of your views are non-mainstream!" Boss Zhu still attached great importance to Fan Wubing's ideas, so he asked what the reason was.

Not mainstream? Fan Wubing scratched his head with a wry smile, thinking that this word has been available at this time, and he really doesn’t know it!

However, naturally, he couldn't tell Boss Zhu that this word is derogatory, right?

After considering it, Fan Wubing said to Boss Zhu, "In short, there is still a lack of soil for support for e-commerce in China, which has led to the idea of ​​most returnees being naive, but very stupid. They just saw a bright future but ignored the current reality. Basically, those who are trying e-commerce now must be the ones who become pioneers."

"What pioneer?" Boss Zhu asked in confusion.

"The pioneer is the group of people who entered the market the earliest and died the fastest." Fan Wubing replied with a smile.

Boss Zhu also laughed with a hint. He said twice, but Fan Wubing could see that Boss Zhu did not smile easily. After all, in such a large country, many things in many aspects are not so easy to settle, especially in this sensitive period, many things are in a period of transformation. Whether it is housing reform, medical reform, or securities market reform, it will touch the interests of many people, so he did not expect that he could be re-elected for another term.

Although it is old saying that it is broken and then established, it can be used in any historical turning point.

This is the situation in China at present. Without breaking the old rules and regulations, there is no way to establish a new economic order. If we want to break the old rules and regulations, isn’t it a job that offends people? But someone always has to do this job, otherwise, how can we do the old and the new ones not come?

This time, another more sensitive topic is naturally the stock market.

It should be said that the stock market last year was the Year of the Ox. In May of that year, the index rose to 1,500 points, which had been missing for four years, which made investors excited. However, after the government raised the stock stamp duty and strictly prohibited state-owned enterprises and municipal companies from speculating on stocks, especially after announcing the expansion of the stock issuance quota to 30 billion, this bull market finally died.

This year's market is a bear market, but the government has been abnormal and given the attention it has never been before. Since the second half of this year, the Asian financial crisis has worsened and the floods in the mainland have spread. In early August, the CS Index pulled out a ten-day dark line, falling from 1,300 points to 1,000 square meters.

At this time, the media published a comment written by senior executives for the "Securities Knowledge Reader", which clearly affirmed the important role of the securities market in China's economy, and called on party and government leading cadres, enterprise leading cadres and securities workers at all levels to be diligent and serious about securities knowledge.

Another longer-term signal is that the Securities Law, which had been brewing for six years, was finally passed at the Sixth Meeting of the National People's Congress. In fact, as early as 1992, the Securities Law was drafted by the Finance and Economics Committee of the National People's Congress, but its normative content conflicted with the Company Law that was being drafted by the Labor Committee.

According to the legislative procedures, the Securities Law must be transferred to the Legislative Affairs Committee for amendment. The two sides were stalemate and the Securities Law was put on hold. In fact, the central government has always been hesitant about the securities market. This is the real reason why the Securities Law has been delayed in its promulgation.

As a central leader said at that time, the market is still unclear and the problem has not been fully exposed. It must be exposed for a while before looking at the situation. Since the National People's Congress has a lot of controversy within the National People's Congress, the central government is happy to fail.

But last year, the central government set a tone to accelerate legislation, and with the full push of the National People's Congress, the Securities Law was quickly introduced.

Fan Wubing has read this "Securities Law". Overall, it is still relatively rough, and the policy terms are vague. For example, state-owned enterprises and state-owned asset-controlled enterprises are not allowed to speculate on stocks. The term hype is a common saying, but it is difficult to define it accurately.

For example, the city has changed from the approval system to the approval system. It seems that the terms are very accurate, but the fundamental difference between the approval system and the approval system cannot be seen. It is nothing more than that the China Securities Regulatory Commission has established an audit committee to allow officials and experts to evaluate whether the company can be a market. However, the procedures are still opaque, including the list of personnel of the audit committee being confidential. As a result, the list has become a competitive means for financial and public relations companies. If they sell it to investment banks, the latter will public relations one by one.

In addition, the qualification system is unreasonable for securities companies to be classified into comprehensive and brokerage companies. Ironically, many of the comprehensive brokerage companies that think they have strength went bankrupt or were entrusted in their subsequent proprietary business, while those small brokerage companies survived because they were unable to operate on their own. This further confirms similar observations of other industries and enterprises, most of which were not starved to death, but were suffocated to death.

Fan Wubing has a certain understanding of the various strange phenomena in the current stock market. The coming and going here are nothing more than a dispute over interests.

As I know, in the upcoming May 19th market next year, the market's motivation for the market came from the central government. At that time, the front page of the People's Daily published an article by a special commentator titled "Firm Confidence and Standardize Development". Compared with the special commentator of the People's Daily two years ago, although the tone was kind and gentle, the thinking structure and narrative model had surprising similarities. The first one desperately said how risky the market was, and the latter tried hard to defend how promising the market had, and used an innovative term to normal recovery.

Two articles in the People's Daily listed many measures in the last part, but two years ago they talked about how to suppress stock prices, while later they talked about how to cherish the hard-earned stock index rise, and the implication was how to drive the stock market.

Two years later, it was not only the article of the People's Daily commentator, but also a decision, that is, to allow state-owned enterprises, state-owned asset-controlled enterprises, and municipal companies to invest in stocks. Just two years ago, the state issued a notice to strictly prohibit doing so.

For Fan Wubing, he doesn’t need to think too much. Just combine his later experience and learn a little about the domestic political, economic and stock market knowledge at that time, and you will understand that an unprecedented speculation and money laundering frenzy will sweep across China.

Money laundering is to apply privileges to the market.

Before the reform and opening up of the market economy, a few Chinese people had privileges, but they were unable to play their jobs because they did not have a vast market stage. In the 1970s, Wang Hongwen, a member of the "Gang of Four", was reported to be corrupted by his accomplices. The successor of the party at that time, just hunted everywhere and watched a few more pornographic movies, invited the little brothers to eat a few good meals, used high-end radios, lighters and color TVs that could be operated from a distance, and then asked the Hai Municipal Party Committee to give him a few hundred yuan in subsidies.

But when privileges meet the market, such as the stock market, they can generate huge wealth without realizing it. The easiest way is to use the money from state-owned enterprises or banks to trade stocks, and the profits they obtain belong to themselves.

A few years later, many cases of using public money to speculate in stocks were exposed, but the parties involved lost their capital and could not explain it to the company and were exposed. China's aerospace hero, former director of the China Launch Vehicle Technology Research Institute, was later sentenced to life imprisonment because when he was the chairman of two municipal companies, Qiong Nanyang and "Rocket", he was sent to prison for 100 million yuan.

Fan Wubing sat down in the audience and watched the vibrant economic experts talk about how the securities market reform was about to be. He suddenly felt a little disgusted in his heart for no reason.

In the domestic securities market, the competition for interests is too fierce, and sometimes it has even risen to the political level. It seems that in many cases, when the stock market reaches a low level, the management continues to introduce negative policies, and then unconsciously puts its relationship in, and then starts to rise. When the market trend is already very high, and when the stock investors need to be wary, the management continues to release positive news and loudly calls for an endless bull market, and a larger round of gains is waiting for us.

Under such operations, it is rare to be able to escape from the stock market, let alone make huge profits.

At least in the current environment, besides the dealer, those who can make profits are really lucky.

Boss Zhu listened to the experts' speeches very seriously, and from time to time he would write down some content in his small notebook, and then instructed the secret next to him to remind him to pay attention to something, anyway, he looked very serious.

After sitting for a while, Fan Wubing felt a little bored and couldn't get interested.

Considering that everyone will have in-depth discussions on real estate development and other matters later, there will inevitably be a lot of time wasted on unnecessary verbal disputes, Fan Wubing thought it would be better to go out and have some breathing first. In the future, if you can participate less in this summit meeting, you will be more depressed.

From this time on, mainstream economists have gradually become spokespersons of various groups of forces. Once they have a scale in their hearts, their guiding opinions will have an unpredictable impact on senior leaders.

Under such circumstances, policy decisions at the central level become the target of power competition for various forces.
Chapter completed!