Chapter 1686 The Problem Is Very Serious

"Zhang Ruiqiang, what are you talking about, there is a problem within the Securities Regulatory Commission?" The general manager looked at Zhang Ruiqiang, what nonsense are you talking about!

"General Manager, I'm not talking nonsense, I have data to back it up. These data were made by Taihua Consulting, which can prove that someone is manipulating the stock market in violation of regulations!"

Zhang Ruiqiang handed a document to the general manager with a very firm expression on his face.

I opened it and looked at it, but I didn't quite understand it.

The above is a table, and it is also a variety of graphs, histograms and the like. The analytical vocabulary is too professional and difficult to understand.

However, the results show that many stocks have been manipulated by human beings. As a professional management organization, the Securities Regulatory Commission should not be ignorant.

If they know about it and ignore it, then there will be serious problems such as corruption and corruption inside. If they don't know, they are grossly negligent!

Whatever the case, the responsibility is theirs.

"These data are true and reliable?" The general manager looked at Zhang Ruiqiang with a very serious expression.

"Feng Yu personally reviewed it, and he said it was reliable. I also asked several financial experts to read it, and they agreed with the analysis result. Now there are obvious hidden dangers in our country's stock market, and we must take timely measures, otherwise it will bring Very troublesome!"

"What's the big trouble? Is it that serious? Isn't our stock market very prosperous now, doesn't an index of more than 5,000 points mean that our economy is in good shape?"

"Only when everyone has spare money in their hands will they invest in financial products. This is considered a kind of wealth management, right? The prosperity of the financial market can also reflect the good situation of our economy, right?"

"We have been watching the world with economic growth for several years in a row. What's wrong with the stock market now? It's only more than 5,000 points. Isn't it more than 10,000 points in Hong Kong or the United States?"

I always feel that Zhang Ruiqiang is a bit alarmist. It is normal for others to have more than 10,000 points. If we have more than 5,000 points here, you still say that the exaggeration is serious?

Why, all the efforts I have made for the country's economic development over the past few years have made your words obliterate?

"In general, how many years has our financial market developed, and how many years has it been developed in Hong Kong or the United States? And there are open markets, that is, direct foreign participation."

"Ours is different, we are semi-open, why do we limit the participation of foreign capital,

Still not alert to the financial turmoil that swept across Asia in 1997? "

"We don't have so many foreign participation, how can the market be so prosperous? Look at the economic newspapers and the economic news section on the Internet. The number of people paying attention is much faster than the people's livelihood. Is this normal?"

"Do you think that those retired people and college students who are still in school are also actively participating in stock trading. Is this normal? If you have spare money in your hand, it is very good to invest and manage it. It is a change in concept and it is worth encouraging. ."

"But they don't invest in spare money. They use their pensions and tuition to invest in stocks. If they lose money, how much will their lives be affected?"

"This is a professional field, and not everyone can make money by investing in stocks. If it is true that everyone can make money in stocks, do you think it is normal? What is the result of that, the hidden dangers are getting bigger and bigger. Once there is major negative news , then it will cause panic selling by investors, and the stock market will plummet.”

"Those who respond quickly make money and go away, while those who respond slowly will be trapped and lose their money. The financial turmoil in Southeast Asia was an example. At that time in Thailand, everyone was investing in stocks, but Soros was alone. It broke down and ultimately dragged down the economy of the country.”

Even in a bull market, there should be some stocks rising and some falling, but the gains will not be particularly sharp. How can the stock index rise by more than 1% for more than ten consecutive days.

"Isn't this state-owned capital joining it, can't you stabilize the market?" asked the general manager.

"We are different from foreign countries. Foreign markets are open, and we are semi-closed. Foreign countries can make foreign money, while we can only make our own money. To put it bluntly, we transfer some Chinese people's assets to In the hands of other people, some people make money, and some people lose."

"Foreign state-owned capital institutions can participate, but what does it look like for us to participate? When state-owned capital makes money, the people lose money. When people make money, state capital loses money. We are only suitable for playing a stable role, not for long-term investment. ."

At this time, the general manager also understands that the domestic financial market is still different from that of foreign countries, which makes many foreign operating modes cannot be directly applied in China.

If only Chinese people's capital is invested, then the financial market is only a means to assist economic development, and it cannot become a pillar.

There are B shares in China, but it’s not that Chinese people can’t invest, but they need U.S. dollars to open an account, which directly blocks ordinary Chinese people from the door.

Now the domestic stock market is prosperous, but the most prosperous is A-shares. However, there is no connection between A shares and B shares.

At the end of this year and the beginning of next year, in the previous life of Huaxia, the sharp decline of the stock market was led by B-shares, which is also the one most closely related to foreign capital markets, at least for the time being.

"The CSRC is really a big problem?"

"It's really big! Policies drive the stock market up, the main force goes in to make money, and then retail investors stay behind. There are big problems, even very serious. Especially the review of listed companies, there can be such things as public relations. Procedures information Complete, without any fraud, why do you need PR?"

"It can be said that if there is a need for public relations, then this listed company must have a problem. Many listed companies made good profits before listing, but suddenly changed their faces after listing. That is because many of their previous profits were borrowed at high interest rates. of."

"The problem of financial and performance fraud is very serious. What was the fuse of the last Internet bubble in the United States? It was not financial and performance fraud! Such a thing must be severely punished, and rape cannot be tolerated."

Zhang Ruiqiang asked people to investigate, and even an insolvent company with a loss can still go public. Isn't this nonsense!

The amount of the company's liabilities exceeds the company's assets. Even if such a company is profitable, is it enough to pay off the debt? What will you pay dividends to shareholders?

The funds raised by the listing are probably all used to repay the account, right?

Otherwise, some people are talking about making money by listing, which itself shows the purpose of these companies going public. Not for the better development of the company, but because these shareholders want to make money.

Looking back, they made a lot of money and left, what if they left a mess?

If Feng Yu hadn't told him this, he wouldn't have known that there were so many problems.

"Then what should we do now?" Zongli asked.

"First of all, stop all the company's listing plans, and then start a detailed review, please outside people to review!"

...(To be continued.)