God-level Trader of Rebirth
Chapter 386 The Starting Point of the Bull Market
Chen Jie and Lin Hai, the current general manager of Infinity Securities, immediately got up and went to Baijing to attend the meeting the next day after receiving the news.
Chengxi District, Fukai Building, No. 19 Financial Street.
In a large conference room of the Securities Regulatory Commission, as representatives of institutions arrived one after another, they sat down at the positions with corresponding nameplates.
Shang Fulin, announced the formal opening of the meeting.
"First of all, I would like to thank everyone for taking the time out of their busy schedules to attend this meeting. Everyone must have known the theme of this meeting in advance, so I won't say more here."
"I just want to ask everyone here, do you have any plans to enter the market on a large scale in the near future?"
At the beginning of [-], the A-share market was still rising slightly.
However, no one expected that at the end of April [-], after the launch of the share structure reform, the stock market would experience a sharp drop.
The Shanghai Composite Index dropped to the 1000-point mark and was sealed across the board.
Compared with the prosperity and rapid growth of the real economy, the downturn in the financial market is undoubtedly a slap in the face for all investors.
The continuous decline of the Shanghai Composite Index has caused most investors to stay away from the market, which has brought great difficulty to listed companies in financing.
Restoring market confidence and rescuing the financial economy has become the primary problem for the China Securities Regulatory Commission.
This time, a total of 23 institutions were notified to attend the meeting.
They all have extremely high influence in the Huaxia capital market. It can even be said very bluntly that the resources mastered by these institutions can easily influence the market's wind vane in normal times, thus triggering the "plate rotation effect".
It can further promote the gradual rise of the broader market, or pull back.
It belongs to the absolute "main force" in the mouth of ordinary investors.
But in a real big bear market, even the main force will not be stupid enough to be a reverser of the market.
They understand better than anyone else the principle of taking advantage of the situation and following the trend.
Therefore, when Shang Fulin asked whether there was a plan to enter the market, everyone was silent.
The atmosphere in the meeting room even became a little dignified.
Rescuing the market, saving the market, is easier said than done. It requires real money. It doesn't mean that you can reverse it with just a few words and a few so-called favorable policies.
Market sentiment has always been a very complicated thing.
After four years of a long bear market, institutions were deeply injured, and some well-known large brokerages went bankrupt due to serious losses in entrusted financial management.
Now everyone is almost talking about the discoloration of the stock market, which fully demonstrates how difficult reverse investment is.
Seeing that no one spoke for a long time, Shang Fulin seemed to have expected it.
He picked up a plan that had been prepared in advance, and planned to take advantage of the large number of people to discuss the details, and then let the various organizations cooperate to finally implement it.
However, at this moment, whispers suddenly came from a corner of the conference room.
"As I said, the disadvantage of full circulation is that it triggers the fear of stock supply and demand, but in fact, in the long run, this is unlikely to happen."
"You are right. After a period of time, the selling will be greatly reduced. Wait until then."
When the two of them talked about the key points, they couldn't help but get a little overbearing, and even their voices raised unconsciously.
They haven't realized it yet.
Everyone in the conference room has already focused their attention on them.
"Ahem, Chen Jie, Wang Guobin, if you have any opinions, you should bring them up on the spot. Don't discuss them in private. We have a meeting this time to solve the problem."
Shang Fulin followed the prestige and soon discovered the source of the sound.
I saw Chen Jie resting his right hand on the conference table, leaning sideways, and was lowering his head to exchange his recent experience in the market with a man of similar age.
While talking, he was still using a pen to write something in a notepad.
Lin Hai, who was sitting by the side, couldn't help reminding him several times, but it didn't work.
Chen Jie suddenly heard someone calling his name, and raised his head subconsciously: "What? Are you calling me?"
"Hahaha"
There was a burst of brisk laughter in the meeting room soon.
Being watched by so many people, even though Chen Jie had a thick skin, he also felt a little embarrassed.
But soon, he adjusted his sitting posture, took a deep breath, and said: "Chairman Shang, Mr. Wang Guobin and I, after a very rational analysis, believe that the current stock market has reached the lowest point in the next 20 years."
As soon as his words came out, a thousand layers of waves were stirred up in the meeting room in an instant.
Now there are many bearish voices from the outside world. In the face of "Mr. Market", securities institutions hold a very cautious attitude most of the time.
And, you must know that standing in their position and in their capacity, any statement with "certainty" needs to be held accountable.
If it is an ordinary person who says that the market has bottomed out, and opening their mouths is the trend for the next few years, everyone may just smile knowingly and take it as arrogant words.
But who is Chen Jie?
The person who turned the tide of the [-] financial crisis, the top five in the Hurun Report, the leader of foreign capital, the president of Infinity Group, and the general manager of public funds.
There are so many dazzling status titles, and any one of them is very important.
Everyone had to pay attention to his words.
Li Jiange, chairman of Huaxia International Finance Corporation (CICC), was shocked when he heard the words, and immediately asked: "Mr. Chen, why are you so sure that the stock market has reached its lowest point now?"
Chen Jie was not anticlimactic. Instead, he sorted out his thoughts a bit and said slowly: "I think it is mainly divided into the following three points. If there is anything wrong, please correct me."
"First, the share structure reform has started, and the consideration for the share reform of listed companies is ten free three, which is a very large subsidy for circulating shareholders."
"Although the market may experience some selling pressure at first, the selling will be significantly reduced after a period of time. At that time, it will be those who regret it."
"Furthermore, Chairman Shang has also stated that there is no turning back when the bow is made, and the reform will definitely persist and achieve success."
"Second, after four consecutive years of decline, the market has been extremely depressed, stock prices are very cheap, and many individual stocks have considerable investment value."
"For example, Baosteel Co., Ltd. promised to pay dividends of 6 cents per share in the next three years. According to calculations, there is almost 8-[-] points of return, which is higher than bank interest. What is there to be afraid of?"
"And Baosteel is not my most optimistic stock, I just use this case to convince everyone."
"Thirdly, after joining the WTO, China's economy has shown a good trend of rapid development. Although some industries were overheated in March last year and were slightly regulated, the overall impact on the economy was not significant, and the fundamentals of enterprises were also quite good. "
"In addition to the current stock market, there has been a serious deviation from the macro economy, so I dare to assert that the stock market will bottom out and rebound, and it should be just around the corner."
"In the end, everyone can come together and attend this meeting, which shows that the leaders are clearly determined to boost the stock market. I believe in the government's execution."
"Okay! Well said!" As soon as he finished speaking, Shang Fulin, who was sitting in the front, took the lead in applauding, and then said in a cadenced tone: "Chen Jie is right! The stock market at [-] points, It has been seriously underestimated, so what we mean is that we hope that everyone can join hands to do more and revaluate the market.”
"Considering that the environment in the financial market has been relatively harsh in recent years, the central bank can provide loans for everyone to invest in the stock market, but collateral is required."
"If there is a loss, each institution will bear it by itself."
The representatives of a group of securities institutions were still excited, but they couldn't help frowning when they heard Shang Fulin's words.
Chengxi District, Fukai Building, No. 19 Financial Street.
In a large conference room of the Securities Regulatory Commission, as representatives of institutions arrived one after another, they sat down at the positions with corresponding nameplates.
Shang Fulin, announced the formal opening of the meeting.
"First of all, I would like to thank everyone for taking the time out of their busy schedules to attend this meeting. Everyone must have known the theme of this meeting in advance, so I won't say more here."
"I just want to ask everyone here, do you have any plans to enter the market on a large scale in the near future?"
At the beginning of [-], the A-share market was still rising slightly.
However, no one expected that at the end of April [-], after the launch of the share structure reform, the stock market would experience a sharp drop.
The Shanghai Composite Index dropped to the 1000-point mark and was sealed across the board.
Compared with the prosperity and rapid growth of the real economy, the downturn in the financial market is undoubtedly a slap in the face for all investors.
The continuous decline of the Shanghai Composite Index has caused most investors to stay away from the market, which has brought great difficulty to listed companies in financing.
Restoring market confidence and rescuing the financial economy has become the primary problem for the China Securities Regulatory Commission.
This time, a total of 23 institutions were notified to attend the meeting.
They all have extremely high influence in the Huaxia capital market. It can even be said very bluntly that the resources mastered by these institutions can easily influence the market's wind vane in normal times, thus triggering the "plate rotation effect".
It can further promote the gradual rise of the broader market, or pull back.
It belongs to the absolute "main force" in the mouth of ordinary investors.
But in a real big bear market, even the main force will not be stupid enough to be a reverser of the market.
They understand better than anyone else the principle of taking advantage of the situation and following the trend.
Therefore, when Shang Fulin asked whether there was a plan to enter the market, everyone was silent.
The atmosphere in the meeting room even became a little dignified.
Rescuing the market, saving the market, is easier said than done. It requires real money. It doesn't mean that you can reverse it with just a few words and a few so-called favorable policies.
Market sentiment has always been a very complicated thing.
After four years of a long bear market, institutions were deeply injured, and some well-known large brokerages went bankrupt due to serious losses in entrusted financial management.
Now everyone is almost talking about the discoloration of the stock market, which fully demonstrates how difficult reverse investment is.
Seeing that no one spoke for a long time, Shang Fulin seemed to have expected it.
He picked up a plan that had been prepared in advance, and planned to take advantage of the large number of people to discuss the details, and then let the various organizations cooperate to finally implement it.
However, at this moment, whispers suddenly came from a corner of the conference room.
"As I said, the disadvantage of full circulation is that it triggers the fear of stock supply and demand, but in fact, in the long run, this is unlikely to happen."
"You are right. After a period of time, the selling will be greatly reduced. Wait until then."
When the two of them talked about the key points, they couldn't help but get a little overbearing, and even their voices raised unconsciously.
They haven't realized it yet.
Everyone in the conference room has already focused their attention on them.
"Ahem, Chen Jie, Wang Guobin, if you have any opinions, you should bring them up on the spot. Don't discuss them in private. We have a meeting this time to solve the problem."
Shang Fulin followed the prestige and soon discovered the source of the sound.
I saw Chen Jie resting his right hand on the conference table, leaning sideways, and was lowering his head to exchange his recent experience in the market with a man of similar age.
While talking, he was still using a pen to write something in a notepad.
Lin Hai, who was sitting by the side, couldn't help reminding him several times, but it didn't work.
Chen Jie suddenly heard someone calling his name, and raised his head subconsciously: "What? Are you calling me?"
"Hahaha"
There was a burst of brisk laughter in the meeting room soon.
Being watched by so many people, even though Chen Jie had a thick skin, he also felt a little embarrassed.
But soon, he adjusted his sitting posture, took a deep breath, and said: "Chairman Shang, Mr. Wang Guobin and I, after a very rational analysis, believe that the current stock market has reached the lowest point in the next 20 years."
As soon as his words came out, a thousand layers of waves were stirred up in the meeting room in an instant.
Now there are many bearish voices from the outside world. In the face of "Mr. Market", securities institutions hold a very cautious attitude most of the time.
And, you must know that standing in their position and in their capacity, any statement with "certainty" needs to be held accountable.
If it is an ordinary person who says that the market has bottomed out, and opening their mouths is the trend for the next few years, everyone may just smile knowingly and take it as arrogant words.
But who is Chen Jie?
The person who turned the tide of the [-] financial crisis, the top five in the Hurun Report, the leader of foreign capital, the president of Infinity Group, and the general manager of public funds.
There are so many dazzling status titles, and any one of them is very important.
Everyone had to pay attention to his words.
Li Jiange, chairman of Huaxia International Finance Corporation (CICC), was shocked when he heard the words, and immediately asked: "Mr. Chen, why are you so sure that the stock market has reached its lowest point now?"
Chen Jie was not anticlimactic. Instead, he sorted out his thoughts a bit and said slowly: "I think it is mainly divided into the following three points. If there is anything wrong, please correct me."
"First, the share structure reform has started, and the consideration for the share reform of listed companies is ten free three, which is a very large subsidy for circulating shareholders."
"Although the market may experience some selling pressure at first, the selling will be significantly reduced after a period of time. At that time, it will be those who regret it."
"Furthermore, Chairman Shang has also stated that there is no turning back when the bow is made, and the reform will definitely persist and achieve success."
"Second, after four consecutive years of decline, the market has been extremely depressed, stock prices are very cheap, and many individual stocks have considerable investment value."
"For example, Baosteel Co., Ltd. promised to pay dividends of 6 cents per share in the next three years. According to calculations, there is almost 8-[-] points of return, which is higher than bank interest. What is there to be afraid of?"
"And Baosteel is not my most optimistic stock, I just use this case to convince everyone."
"Thirdly, after joining the WTO, China's economy has shown a good trend of rapid development. Although some industries were overheated in March last year and were slightly regulated, the overall impact on the economy was not significant, and the fundamentals of enterprises were also quite good. "
"In addition to the current stock market, there has been a serious deviation from the macro economy, so I dare to assert that the stock market will bottom out and rebound, and it should be just around the corner."
"In the end, everyone can come together and attend this meeting, which shows that the leaders are clearly determined to boost the stock market. I believe in the government's execution."
"Okay! Well said!" As soon as he finished speaking, Shang Fulin, who was sitting in the front, took the lead in applauding, and then said in a cadenced tone: "Chen Jie is right! The stock market at [-] points, It has been seriously underestimated, so what we mean is that we hope that everyone can join hands to do more and revaluate the market.”
"Considering that the environment in the financial market has been relatively harsh in recent years, the central bank can provide loans for everyone to invest in the stock market, but collateral is required."
"If there is a loss, each institution will bear it by itself."
The representatives of a group of securities institutions were still excited, but they couldn't help frowning when they heard Shang Fulin's words.
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