"Zhang Ruiqiang, what are you talking about? The CSRC has internal problems?" Manager Li looked at Zhang Ruiqiang. What nonsense is he spouting?!
"Manager Li, I am not spouting nonsense. I have the data to back it up. I had asked Taihua Consulting to compile this data, and it proves that someone is manipulating the stock market! "
Zhang Ruiqiang passed a document to Manager Li with a firm expression.
Manager Li flipped through the document and could not understand it.
The document was filled with tables, graphs, bars, etc. The analysis terms were too professional and hard to understand.
But the results showed that many shares were being manipulated. The CSRC is a professional regulator and should know about this.
If they knew about this and did not do anything about it, then there must be corruption within the CSRC. If they did not know about this, then it would be a serious dereliction of duty!
No matter what, the CSRC will have to bear the responsibility.
"Is this data reliable?" Manager Li looked at Zhang Ruiqiang with a serious expression.
"Feng Yu had checked it personally, and he said it is reliable. I had also asked a few financial experts to look at it, and they agree with this analysis. Now, there is a hidden danger in our stock market, and we must take measures to deal with it. If not, it will bring us huge trouble! "
"What huge trouble? Is it that serious? Our stock market is doing well now, and the index is over 5,000 points. Doesn't that mean our economy is doing well? "
"Everyone will invest in financial products when they have spare cash. This is considered a form of financial management, right? The prosperity of the financial market can also reflect the good state of our economy, right? "
"Our economic growth for the past few years had shocked the rest of the world. So what if the stock market is doing well now? It is only 5,000 points. Don't Hong Kong and the US have more than 10,000 points? "
Manager Li felt Zhang Ruiqiang was exaggerating. It is normal for others to have more than 10,000 points. But our stock market is only around 5,000 points, and Zhang Ruiqiang is saying it is inflated?
What's wrong? All the hard work I had done for the country's economy these few years, are you going to say it is not worth it?
"Manager Li, how long has our financial market been developed? How long has it been for Hong Kong and the US? Also, those markets are open, and foreign investors are allowed to participate. "
"Ours is different. We are semi-open. Why are we restricting foreign investors? It is because of the 1997 financial crisis in Asia."
"We don't have so many foreign investors. How can the market be so prosperous? Look at the economic newspapers and the economic news sections on the internet. The number of people paying attention to them is much higher than the people's livelihood. Is this normal? "
"Do you think it's normal for retired people and university students to participate in the stock market? If you have spare cash on hand, take it out to invest and manage your finances. This is a change in mindset and is worth encouraging. "
"But they didn't invest idle money. They used their retirement funds and tuition fees to invest in stocks. Once they lose money, how much will their lives be affected?"
"This is a professional field. Not everyone can make money by investing in stocks. Do you think it's normal for anyone to make money from the stock market? What was the result of that? The hidden danger would only grow bigger and bigger. Once there's any major negative news, it will cause investors to panic and sell their stocks. Then, the stock market will plummet. "
"Those with quick reflexes will make money and leave, while those with slow reflexes will be trapped and lose everything. The financial crisis in Southeast Asia is an example. Everyone in Thailand had been investing in stocks, and Soros single-handedly destroyed the stock market. In the end, the whole country's economy was affected. "
Even if it is a bull market, there should be some share prices rising and falling. How can the stock index rise by more than 1% for more than ten consecutive days?
"Aren't you all unable to stabilize the market with the participation of the state-owned assets?" Manager Li asked.
"We are different from overseas. Overseas markets are open, and we are semi-closed. Overseas markets can make money from foreign investors, but we can only make money from our own people. In other words, we are transferring some of our countrymen's assets to other people. This way, some people will make money, and some people will suffer losses. "
"Overseas state-owned assets can participate in this, but what will it look like for us to participate? If the state-owned assets make money, the people will suffer losses. If the people make money, the state-owned assets will suffer losses. We are only suitable to stabilize the market and are not suitable for long-term investments. "
The head office also understood that China's financial market is different from overseas, and many foreign operating models cannot be applied directly in China.
If only the local people invest in the financial market, then the financial market will only be a tool to support the economy and will not be a pillar of support.
There are B shares in China, and it's not that the local people cannot invest. But they need USD to open an account. This will prevent the local people from investing.
Now, China's stock market is booming, but the A shares are the most prosperous. But there is still some connection between A shares and B shares.
In Feng Yu's previous life, the crash of Hua Xia's stock market at the end of this year and early next year is caused by B shares. B shares are also the most closely related to overseas capital markets.
"Is the CSRC a big problem?"
"It's really a big problem! The government pushed the stock market up, and the main investors went in to make money, while the retail investors stayed behind. This is a big problem, and it's very serious. Especially the audit of a listed company. Why is there a need for PR? The paperwork is complete, and there is no evidence of fraud. Why is there a need for PR? "
"If there is a need for PR, then there must be something wrong with the listed company. Many listed companies had good profits before they got listed, but after they got listed, they suddenly changed their attitude. That is because they had borrowed a lot of their profits from high-interest loans. "
"Falsification of financial reports and performance is a serious problem. The fuse of the dotcom bubble in the US is the falsification of financial reports and performance! This kind of thing must be severely punished. We can't tolerate and nurture evil. "
Zhang Ruiqiang got his men to investigate and found out that a loss-making company can still get listed. This is bullsh * t!
The company's debts exceed the company's assets. Even if the company makes profits, will it be enough to repay its debts? How are they going to pay dividends to the shareholders?
The funds raised from the listing should be used to repay the shareholders' debts.
That's why some people are talking about getting listed to make money. This shows the purpose of these companies getting listed. It's not for the company's development. It's because the shareholders want to make money.
What if they leave after making a large sum of money? What if they leave behind a mess?
If Feng Yu had not told him all these, he would not know there are so many problems.
"What should we do now?" Zhang Ruiqiang asked.
"First, stop all the companies' listing plans and start a detailed audit. Get someone from the outside to do the audit!"
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