Stock Market Prospects: Investors Only Want To Make Money.

"If there is no judgement of the market, the judgment of risk is blind.

How many people can see clearly in the stock market participants, such as market, K-line, 30 minutes, 60 minutes and 90 minutes, the content of communication is based on how much money I earn, not how much money I can lose.

Such a practice is a state of quick success and instant benefit.

Cai Esheng, vice chairman of the former China Banking Regulatory Commission, said at the Shishan forum 2015 in September 21st.

Speaking of whether the stock market is in the end, Cai Esheng said that if the market is not healthy, there will be no bottomed out problem.

If we are to develop healthily in the market, the problems that arise today are to expose the problems in the process of market development. These problems are absolutely not a person or a problem.

When it comes to the macro situation, Cai Esheng said that the question now is how to build a solid foundation between macro policy and basic development.

When it comes to cross regional development, why is there so much capacity and why capacity is surplus?

Cai Esheng said that the country has national policy considerations, what to develop and where to reduce pressure.

Places also have their own considerations and regional configuration.

Some of the products in the market or prices cause temporary profits. Now it is wrong to say GDP is not right. If it is just for the development of malformation, it is necessary to get a fast and profitable industry.

In this case, if all regions have such projects, problems will arise.

Cai Esheng believes that the hard landing on the market shock, people's confidence will be very large.

When we solve problems, we have been talking about soft landing.

This year, the market has changed, and foreign countries have weakened China, saying that China can not make a soft landing.

No matter how it is said, we must avoid hard landing when adjusting.

At the Davos meeting, Prime Minister Keqiang said the Chinese economy would not have a hard landing.

Now we are faced with the problem of how to establish bottom line thinking and consciousness.

In the course of enterprise development, you have to consider whether your method has something to do with your bottom line.

If your plan is designed, people will be able to accept it step by step.

If your hands are strong enough, you can't cut them out.

At that time, the term of office of Premier Zhu Rongji said that this is what we mean by breaking our strength.

Now we need to be confident and not blind.

There is dynamism here in Foshan. Why is the railway opened here? Why did it invest about 10000000000 here? This shows that there is potential for development here.

From today's economy, it is definitely not just a point, it can cause big problems.

Now we must pay attention to these points, because we have already formed the market, the market is flat, not vertical, and is connected and pmitted between each other, which will cause great economic changes.

This is not to say that banks are monetary policies. I will do my innovative research and development.

To solve problems, the problem is not formed in one day or two days.

If problems arising from work and problems caused by continuous accumulation occur, we must be patient when dealing with problems.

Like everyone, your illness is the result of your living for so many years or your habits and rules.

If only taking medicine, not necessarily cured, but also to change the law of life, some hobbies also give up.

The following is part of the statement.

Moderator: under the invitation of Mr. Cai Esheng, vice chairman of the China Banking Regulatory Commission, he delivered a keynote speech. He has very professional and practical experience in the financial field. Chairman Cai is concerned about the relationship between financial innovation and real economy. Today, chairman Tsai is requested to analyze the macroeconomic situation and the trend of financial and capital development from the perspective of methodology.

Cai Esheng: the host talked too much, not so much.

Invited to participate in this forum, because it is the old friendship, to invite people to talk about it, in fact, there is not much to say.

Just now, President Chen talked about agriculture and the drive of tourism, agriculture and processing industry after the railway was opened.

People always say that if they want to build roads before they get rich, Guangzhou in Guangdong province will have to go to other parts of the province in 80s. Now there are expressways, and now there are high-speed railways.

This is very clear to everyone. After the road was opened, it brought many facets of convenience.

The most important is time, what time is, time is life, time is money, these are common people's say.

My view is that after "Eighteen big", from my personal experience, confidence is more sufficient.

After the third plenary session, we felt that the reform plan was very good.

In the 37 superimposed media stage, some problems still need to be seen from the historical stage.

Do not regard what is shown in the historical stage as a trend or a judgement.

The problems that arise now are not the contents of the future, but the problems in the past development process or the accumulation of problems.

If not, how should we look at the problem?

For example, if it rains today, it will not be fine tomorrow. Such a judgement is impossible.

It's raining in the morning. Wait a minute, I want to take a plane. I can predict whether the rain is big or small. What's the impact on my route and time?

We have to adjust the way and schedule. If there is anything at 18:00 PM, but I will adjust the flight delay.

If something changes, you can't take part in it.

It is not my subjective desire, but the objective environment.

This year's market changes are all thrilling.

In fact, this kind of thrilling is natural, the curve is not gentle, but up and down, it must be thrilling.

There was a forum on the first two days, and a guest told the cycle line map. If it is a line, if it is human life, there will be no life characteristics.

If it is fluctuating, it indicates that it is healthy, and if it fluctuates violently, it will be unhealthy.

His metaphors are very vivid. He has a certain sense from methods and knowledge.

Why do we say so? We recall Guangdong in 1997 and 1998 and Guangdong in the early stage of reform and opening up.

What is the concept of Guangdong in 1997 and 1998? What is the concept of the financial environment at that time?

The Guangdong provincial government took courage when dealing with the financial structure. At that time, Jia Kang borrowed money from the Ministry of finance as a representative to solve the problem.

Guangdong is the most faithful to the credit, the money has been returned to the central government.

Over the years, I have mainly been macro regulation, and there has always been a concept of risk management and control in my mind. Over the years, our ability to deal with risks and control risks has been increasing and there has been no reduction.

The market change, let us constantly improve the sense of crisis and the way to deal with the risk, I think this is the main.

In particular, after joining the WTO, we integrate into the global economy.

Last week, a micro-blog released a content, mainly the issue of raising interest rates in the United States. As a result, no interest rate hike was added, and everyone's psychology was solid.

In itself, the United States also has voices of protest and praise.

How did I know about these problems? Just before the meeting, I talked with Li Da Xiao, a British securities company. I asked him how he looked at the stock market.

He said that after all, this is our chat, not for other reference.

If the securities company thinks it's over, I have nothing to say.

If it's a market participant, don't look at the real problem. It depends on what problems we expose.

He is smart enough to say that I speak healthy.

If the market is not healthy, there will be no bottomed out problem.

If the development of the market is healthy, the problem today is to expose the problems in the process of market development. These problems are definitely not a person or a problem. I think there is nothing to say, even investors.

This is a problem in the development process. The biggest problem is that the capital drag is too large, and there will be fluctuations and risks.

In July, the former Treasury Secretary of the United States issued a commentary on the financial times.

The drag of the capital market is normal for the bull market and bear market. After dragging, it will cause social upheavals.

From the macro perspective, I think there is no big problem in terms of the basic trend and fundamentals of China's economy.

The question now is how to build a solid foundation between macro policy and basic development.

Now, how can the foundation be more solid? My view is to adjust the structure. I compare it to war. If we win, we can really get out.

If you can't get out of the way, there's still a problem.

Development.

Why is there so much capacity and why capacity is surplus?

The state has national policy considerations, what to develop and where to reduce.

Places also have their own considerations and regional configuration.

Some of the products in the market or prices cause temporary profits. Now it is wrong to say GDP is not right. If it is just for the development of malformation, it is necessary to get a fast and profitable industry.

In this case, if all regions have such projects, problems will arise.

Recently, everyone said that bank financing is high, which is also a problem.

Enterprises in the industry are good, good and bad.

It can not be said that the macro policy has changed, and the enterprises with coal characters are not pressurized by the enterprises with the strip character.

Under the macro policy, the enterprises that can be cultivated in the industry should choose according to the principle of selecting the best and restricting the inferior.

Under the economic management philosophy of China, whether the local leaders should have the overall awareness or should have a good job?

The industry is properly pressurized.

In this process, we need to think deeply.

Now we must establish the concept of sustainable development. If we have this idea, we should adjust it up and down.

Things that have been built are difficult to adjust if they are to be built.

There is also a simple way to blow up.

According to the present speech, I think it is a hard landing.

The hard landing will shake the market and will have great confidence in people.

When we solve problems, we have been talking about soft landing.

Now is not a simple look at macro policies, if we are confident that information on reform and development, policy fine-tuning.

Market participants, how to solve together, rather than dig a hole, you can make money inside, no easy.

Investors should also have a sense of risk, whether it is investment or government investment, or even ordinary people to invest.

If there is no judgement of the market, the judgment of risk is blind.

How many people can see clearly in the stock market participants, such as market, K-line, 30 minutes, 60 minutes and 90 minutes, the content of communication is based on how much money I earn, not how much money I can lose.

Such an approach is

The state.

No matter how many "boards" the market has set up, the history of direct financing in the capital market is not long.

Just now, President Chen said, now the funds are indirect financing or credit assets.

Now the impact of capital on the market is very large, which is the structure of the market.

To change this structure, we must rely on the Third Plenary Session of the eighteen major committees to define the outline of reform and implement it firmly.

Relying on the vast number of participants, we can actively face all kinds of problems, and even face difficulties, find out solutions to problems, and get to the bottom of the problem before we can see where the problem is. I believe that if this is done, the reform will take a big step forward, and our economy will become more stable on this basis.

This is my thinking, do not say yes or wrong, we are in the process of cognitive process, there must be right and wrong.

My speech is over, thank you!