Financial Market Is Forming New Regulatory Logic And Investment Logic.

In the past, China's financial policy changed in two or three years. Just like the real estate policy, the housing price will be adjusted once in two or three years, or just like the stock market in the past.

Let's wait for it to continue pumping blood.

Too much interpretation of these tinkering reforms is often derided as overly sentimental.

This time is different. I would like to take the risk of being sneered at once. This reform is a genetic mutation reform, and it is a necessary step after the original model reaches the critical point.

Now, all reforms are aimed at avoiding shock at the root and avoiding shock. There are two main points: first, to stop bleeding, the way is to leverage and strictly supervise, secondly, to support entities and enhance hematopoietic function.

Keep in mind that we will face a deleveraging period of about ten years, and the era of value investing is coming.

Any increase in leverage in the name of marketization will be severely regulated. In the first half of 2015, the stock market is the last Carnival of leveraged games and the end of leveraged games.

In the future, only leveraged markets such as futures will have leverage. Even in futures markets, leverage is under the control of regulation.

To understand the current market, we must see through the regulations.

"The guidance of asset management business", which has almost caught all the securities and money market products, reveals many messages, and achieves cross industry supervision and cross departmental supervision. The main supervision direction is all kinds of leverage actions. The core includes breaking rigid payment, limiting the leverage ratio, eliminating the nesting of multi layers, strengthening capital constraints and risk reserve requirements, and finally achieving the steady development of the market.

Deleveraging is a long-term policy. Recently, the Qianhai life and Hengda life insurance companies fined by the China Insurance Regulatory Commission and Qianhai life have been punished more severely, mainly because of problems such as capital and the main reason for Hengda life.

By the way, one line and three opinions will come out. Unified supervision is ready to come out. There can be no real leverage without unified supervision.

The leveraged interest chain is a chameleon, blocking the Internet funds and becoming capital of the securities dealers.

Now, with a high golden bell cap, the color chameleon is enclosed. This is the true meaning of penetration.

Even if the three parties do not merge, the unified regulatory mode led by the central bank will emerge.

Only by developing the real economy can we build a healthy body. All financial markets are designed to develop the real economy instead of caring for the nouveau riche. In China, value investors are allowed to share the dividends of economic development.

The right way.

Mr. Liu Shiyu compares the stock market to a pearl necklace. High quality listed companies are pearls. These pearls are investors' treasure and shine on the dark market.

In other words, investors are looking for pearls with eyes wide open. Those fish eyes will eventually become zombie stocks. Before they become real corpses, they will drag a batch of leeks with no force to go into the water.

The future is the two kind of investment, value investing, short-term investment based on quantification, and it is impossible to fish in the market in troubled waters.

As the end of last week's turmoil in the financial market, Ying Da's pfer of funds in the US has hit a big wave in the investment market.

We are concerned not because Ying Da is a celebrity, but because this incident shows the plight of asset pfer. Neither China nor the US supports it.

The pfer of funds in the future will be very difficult. China's foreign exchange reserves have been reduced to less than 30 thousand yuan, so as to maintain the stability of foreign exchange reserves in order to maintain the stability of the internal market.

To put it bluntly, the vast majority of people will still invest in the domestic market.

The recent financial reform has taken advantage of disadvantages and marketization with Chinese characteristics.

It was a joke that the financial products of the United States in the 80s of last century were directly taken to the Chinese market. China's market base, credit construction and industrialization level were no match for others. Now we are awake.

For more information, please pay attention to the world clothing shoes and hats net report.