God-level Trader of Rebirth

The message was sent in the early hours of the morning, but the effect was absolutely sensational.

Countless stock investors are awakened by the rapid ringing of the phone in their sleep, and then they hurriedly turn on their computers or mobile phones and enter any financial website or forum.

At this time, they didn't even need to search for it. Various related news posts had already spread all over the place.

"Breaking news! The country finally came to the rescue and lowered the stamp duty!"

"Must-see! The China Securities Regulatory Commission is about to adjust these rules."

"Surprise! The most stringent new rules on shareholding reduction in history, when will the second shareholding reform be carried out?"

"Should the IPO be suspended? Chen Jie, the leading public fundraiser, angrily accused the China Securities Regulatory Commission of indiscriminate issuance of new shares and proposed that the issuance should be restarted only when the market price exceeds [-] points."

The overwhelming news made investors dizzy and seemed like they were in a dream. However, after a short period of digestion, everyone realized that the unprecedented good news was really coming!The market, which has been falling for nearly half a year, is finally rebounding!
When the market opens tomorrow, what will happen to the market?
Will there be a daily limit?
I don’t have a position, is there still a chance to get on the train?
Billions of stock investors, unable to sleep all night, could only suppress their surging emotions, post crazily on the Internet, and engage in heated discussions with other stock investors.

at the same time.

Mandarin Oriental Wangfujing in Baijing.

In a luxurious suite, several people sat around the circular sofa and talked about recent events.

"Awei, I have compiled and submitted feedback to the China Securities Regulatory Commission on the issues you have discussed with me. Do you think they can truly implement them?

Chen Jie, who had just finished the meeting, did not go back to his residence to rest. Instead, he immediately rushed to the hotel where Chen Weidong and Lin Zeju were staying and recounted what had just been discussed in the meeting.

"of course not."

Chen Weidong shook his head, "Our financial market still has a long way to go before it can achieve true "severe punishments." It is impossible for them to make up their minds to rectify the market chaos just because of your few words. elephant."

"Even if you do have a certain social status."

"**, no, wouldn't it be in vain?" Chen Jie cursed and wanted to throw half of the cigarette in his hand on the ground, but he hesitated and pressed it into the ashtray.

Obviously, he is very dissatisfied with the behavior of the China Securities Regulatory Commission.

"That's not the case. It would be good if they can chant slogans for a while and tighten the pace of IPOs."

Chen Weidong has long been accustomed to this, so he doesn't have much expectations.

Reforming the securities market is no less difficult than purging the Football Association.

Thinking about the past life, the stock market has been hovering near [-] points, and it was a battle to defend [-] points almost every year.

The problems faced by A-shares can be counted on two hands.

Even though the majority of stock investors later called for it, and the top management directly intervened and introduced some indifferent policies, in the end, the thunder was loud but the rain was small, and no fundamental improvement was achieved.

This is mainly because reform policies are formulated by industry elites.

And these elites are inextricably linked to those with vested interests, and cannot emotionally separate themselves from their interests, so it is difficult to introduce drastic policies.

"Well, what you said makes me feel a little unsure." Chen Jie sighed depressedly, "I asked representatives from other securities companies, and they all felt that there is still a big bubble in the market at this position."

"If I enter the market in a big way to buy the bottom at this time, will I take over?"

He hesitated.

On the one hand, although the market index has been cut in half, it still has a double increase compared to 998 in [-].

On the other hand, given his position, he has access to much more information than ordinary investors, so he naturally lacks confidence in the various good news released by regulators.

Ordinary investors, when they see a bit of good news, can rush into the stock market to buy the bottom, but he can't.

He had so much money on hand that it was very troublesome to get in and out.

Where will the stock market go next?Bottom out, rise again, hit new highs?Or should we say, rebound and continue downward?
Nobody knows.

This confusion of not being able to control the future made him very insecure.

This has nothing to do with status or height. Even people at the top of the political and financial circles also face this problem.

Everyone is trying to cross the river by feeling for stones.

No one is much stronger.

However, there is one exception.

That's Ah Wei.

Seeing that he is still as calm and calm as ever, it means that he probably already has a countermeasure in mind.

Therefore, he believed that Ah Wei would be able to guide him to a new height this time.

Sure enough, after Chen Weidong thought for a moment, he said with great certainty: "If the position of A shares is the bottom, it is okay."

"First of all, we must understand that the main reason for this stock market crash is the subprime mortgage crisis in the United States."

"The subprime mortgage crisis was formed because American banks extended housing loans to people who lacked the ability to repay and had poor credit status, and ultimately caused massive credit defaults."

"There is a key incentive here, which is excessive asset securitization."

The mortgage loan for a house in the United States is actually a "tripartite agreement" signed by the home buyer, developer, and commercial bank.

For example, if you want to buy a house and don't have enough money, the bank will mortgage the house you want to buy and give you a loan to let you buy it.

Then, the bank can collect your mortgage every month for 20 years.If you can afford to repay the money, of course nothing will happen.

Regarding this "tripartite agreement", our domestic banks will choose to lock it in a drawer or even a safe for fear of losing it. "

But the United States is different. Their financial industry is very developed, and the "tripartite agreement" in the hands of the bank can be regarded as an asset in a sense.

Since it is an asset, it has value.

Therefore, this "asset" soon attracted three people.

One is an investment bank, the second is an insurance company, and the third is an appraisal company.

These three people did a very big thing, which was "asset securitization."

American banks do not want to store these funds for 20 years and affect the capital turnover efficiency.

Therefore, when investment banks came, they hit it off immediately and agreed to securitize real estate mortgages.

As a result, the major banks in the United States packaged up all their mortgage and mortgage businesses and sold them to Wall Street. Wall Street then redesigned and packaged them and sold them to other investors.

This solves three major problems:

Investors have new products, get high returns, and only need to tolerate a little risk.

These home buyers who take out loans can also enjoy relatively low loan interest rates.

At the same time, the capital turnover efficiency of banks has also improved, and Wall Street can also make money from it. This is a "multi-win" good thing.

The birth of this "subprime loan market" did have significant effects at the beginning.

From 1994 to 2006, the home ownership rate in the United States increased from 64% to 69%, close to 70%. Many poor people own their own homes, social welfare has been greatly improved, and "home ownership" has almost been achieved. "status.

As a large number of housing loan and mortgage businesses are securitized, financial investment institutions continue to treat it as a bond-type investment product.

However, the subprime mortgage market is still developing and there are still many deep-seated contradictions.

Especially in 2000, the Internet bubble burst in the United States, an IT crisis occurred, and the economy began to slow down.

In order to promote economic growth and employment, George W. Bush had to use real estate as a new economic growth point.

Therefore, in addition to continuously lowering interest rates, the Federal Reserve also actively supports the "housing and housing" policy and provides mortgage loans to low-income home buyers with a leverage of 60 times.

The low interest rate policy has reduced the cost of residents' loans, and people's enthusiasm for buying houses through loans has been increasing, stimulating the development of the real estate industry.

Subprime mortgages have become the first choice for home buyers whose credit conditions cannot meet the requirements for preferential loans, creating a booming real estate market.

From 2001 to 2006, the real estate market in the United States quickly boomed due to government support through mortgage loans, and house prices increased by an astonishing 85%.

The boom in the housing market has made even subprime mortgage securities a hot commodity.

Many financial institutions "package" this very popular financial derivative with secondary securities or even junk securities from other industries and promote them to investment institutions around the world.

As a result, the housing problem in the United States has changed from a local problem to an overall problem, from a regional problem to a national and even global problem.

By 2007, the size of mortgage loans for Americans to buy houses was already as large as the GDP of the United States.

In view of the irrational rise in housing prices, in order to promote the return of housing prices to rationality, the Federal Reserve began to continuously raise interest rates, prompting the American housing market to gradually cool down.

However, the decline in housing prices and the increase in interest rates have increased the pressure on borrowers to repay their loans.

More and more people are unable to repay their loans, and there are more and more defaulters. As a result, banks and other lending institutions are unable to recover funds, and there are more and more bad debts.

As a result, the subprime mortgage crisis began to break out and intensified, gradually spreading to every corner of the financial market related to subprime mortgages.

"Roughly, that's it."

Chen Weidong's mouth felt dry as he spoke, so he picked up the water glass on the coffee table and drank it all in one gulp.

"I see, I asked how the subprime mortgage crisis in the United States has affected us. It seems that not only global export trade, but also the investment industry and financial markets will be greatly affected."

Chen Jie looked like he suddenly realized something.

Before, he was still a little confused about the impact of the subprime mortgage crisis, but now he has sorted out some of the context.

After Chen Weidong drank the water, he did not stop and said: "Through some data, we can see that in the 21st century, the annual economic growth rate of most Western countries has remained at around 3%, which can almost be described as stagnant. describe."

"They can use time to slowly repair the impact of the subprime mortgage crisis, but we can't.

"Our economic development has finally got on track. We are now at a time when the train is traveling at its fastest speed. If we forcefully apply the brakes and slow down, the damage to our national economy will be immeasurable."

"Although it has been 30 years since the reform was implemented, the people's living standards and the country's economic construction have really taken off in the past seven or eight years."

"This time is too short, and it is far from enough for a developing country."

"More importantly, economic development also requires rapid development. If this momentum and rhythm are forcibly interrupted, the next time the speed is accelerated, it will be in the Year of the Monkey and the Horse."

"So I believe that within half a year, the country will definitely launch a large-scale economic stimulus plan to completely stabilize the pace of economic development, and even increase the speed to allow certain industries to develop faster."

"Awei, are you sure?!" After hearing this, Chen Jie clenched his right fist and stood up from the sofa. The anxiety and confusion in his heart had completely disappeared, and he was even more excited about the next dip in the stock market. confidence.

Even Lin Zeju, who had been silent, had an unknown light shining in his eyes at this time. (End of chapter)