No. 15 Financial Street, No. 15 Financial Street A, and No. 19 Financial Street, basically represent the three top-level regulatory agencies in my country's financial sector. From Chairman Liu Shiyu's propaganda, "Don't be an extravagant local tyrant, don't be a goblin who makes trouble, and don't be a murderer who harms the people" to Chairman Xiang Junbo's anger, "We must not make insurance a rich club, let alone allow insurance to be compromised. It should be said that our management has become more and more familiar with Du Fu's true biography of "being a man of eccentricity, and his words are not surprising." It is also a kind of progress to explain the current supervision and guidance in an easy-to-understand vernacular. After all, we have stopped speaking Mandarin.
Since it is impossible to set up a rich club, Boss Yao can't escape the blame. After all, although braised pork is delicious, it is not for you to eat randomly. Boss Yao used Qianhai Life Insurance as a fortress, and used universal insurance to raise funds to acquire Vanke. In the face of the controversial placard, both Boss Yao and Vanke disagreed, while the regulators remained silent. Things began to change until Xu Jiayin joined the war last year and Evergrande Life roamed the secondary market. After Boss Yao was about to pry open Miss Dong's door, he finally made Miss Dong unable to bear it any longer. After all, there is no room for others to snore on the side of the couch. Later, Chairman Liu's classic comparison sentence completely defined this equity battle. It has been lost since then.
Just yesterday, the China Insurance Regulatory Commission stated that in the relevant report submitted by Qianhai Life Insurance on the capital increase activity in November 2015, it stated that the nature of the shareholder's capital increase capital is its own capital. After investigation, the relevant capital increase funds are inconsistent with the statement in the report. The China Insurance Regulatory Commission believes that the then chairman Yao Zhenhua bears direct responsibility for the above-mentioned illegal acts. After all, my country Life and other large-scale insurance funds are still very good. Boss Yao is only one of those few goblins. Stealing chickens is not enough to lose rice. I am afraid that Wang Shi may be the biggest winner tonight. However, just yesterday, PICC President Wang Yincheng was subject to an organizational review for suspected serious violations of discipline. It seems that my country is not only a little goblin like Boss Yao, but also a big tiger. Chairman Liu Shiyu seems to be still young. After all, he is in danger. Funding may have gone wrong. It stands to reason that Chairman Xiang Junbo should know more about insurance. Last year, Chairman Xiang also stated that "In fact, raising a placard is a common stock investment behavior in the secondary market. International insurance funds are important institutional investors. Chairman Liu is relatively happy." But at present, Chairman Liu is still very unhappy sometimes. Perhaps there is a specialization in the art industry, and the two chairmen of the China Securities Regulatory Commission and the China Insurance Regulatory Commission always feel that the sense of rhythm is slightly different, so that they have different paths.
Boss Yao was punished, and the elegant boy dressed in Hermes did not know what would happen. However, I learned from my roommate that today, a plot on the north side of Jiting Road and on the east side of Planning Xingfu North Road in Nanchang Xinjian District, Jiangxi Province was sold by way of listing. 256%. The wealthy Evergrande surpassed Vanke last year and became the No. 1 real estate company in the universe. It seems that it will make persistent efforts this year. I wonder if Wang Shi will feel invisible pressure at this moment.
The China Securities Regulatory Commission and the China Insurance Regulatory Commission are all in the limelight. As an important part of the three committees, how can the China Banking Regulatory Commission be lonely? Just today, the reporter reported that Shang Fulin was about to take office from the CBRC to the Economic Committee of the National Committee of the Chinese People's Political Consultative Conference, and Guo Shuqing would take over as chairman of the CBRC.
Guo Shuqing is no stranger to securities practitioners. On October 29, 2011, the 55-year-old Guo Shuqing officially took office as the chairman of the China Securities Regulatory Commission. Perhaps his most famous sentence was in his speech at the inaugural meeting of the China Association of Listed Companies on February 15. investment value”. As the chairman of the China Securities Regulatory Commission, he should be determined to reform. During his tenure, he advocated improving the dividend policy, reducing fees, and managing insider trading. Among them, in terms of cracking down on insider trading, Chairman Guo Shuqing famously said: "If a thief steals a cabbage from a vegetable market, people will be filled with righteous indignation; but if someone puts his hand into the wallets of thousands of shareholders, it often does not attract people's attention. This is the essence of insider trading, and it is also the difficulty of preventing and combating such criminal activities." Of course, other aspects include the introduction of a delisting system. It should be said that in the infrastructure construction of the securities market, he still did his due diligence and made a certain contribution. One of the sentences "IPO is not possible without examination" should be said that in the new share issuance system, he is still trying to build the prototype of the registration system. Of course, this It also touched the interests of many people, so unfortunately he became the shortest-lived chairman of the China Securities Regulatory Commission.
Now, Chairman Guo Shuqing, who has returned to the financial position, should be said to be under heavy trust. In the face of the current situation, it can be said that under the great leap forward in the financial field in recent years, financing channels from P2P to various financing channels have been vigorously developed. Fraudulent activity. And financial leverage has become a tool for many people to change their destiny or even lift the lever of destiny under the flood of Yangma. Here, the winners, the kings and the losers, whether it is the stock market, the futures market or the property market, have all set off a huge wave. From the leveraged bull in the stock market in 2015, to the peerless double focus of futures in 2016, and then to the eternal rise of the property market in Beijing and Shanghai, the torrent of the times has forced everyone to move forward, or become a trend-setter of the times, or become an ant under the feet of others. All classes are participating in and developing under the Great Leap Forward of Finance. Both benefit and suffer from it. We have seen many real estate speculators become wealthy and live a life of financial freedom. We have also seen many people go bankrupt because of the stock market crash. We have seen the skyrocketing futures under the supply-side reform, and we have also seen the limit of thousands of shares dropped several times under the deleveraging. stock market crash.
At the same time, fixed asset investment has become a booster for many provinces to stimulate the economy, and real estate has become the last fig leaf for many cities, and large infrastructure has been ignited vigorously in this land. In contrast, the fragile real economy yields are particularly dazzling. Deviating from reality into reality has become the biggest risk at present, which is not only the consensus of the top-level building, but also the cognition of the economic foundation. At this time, Chairman Guo Shuqing took office, I am afraid it is both an opportunity and a challenge. This is a trust and a trust. Preventing financial risks is no longer poetry and distance, but a cold reality.
Now that the China Securities Regulatory Commission, the China Banking Regulatory Commission, and the China Insurance Regulatory Commission have made intensive voices and personnel transfers, the original source of the financial sector has quietly begun. Although Financial Street is still Financial Street, the three house numbers remain unchanged. However, there will be changes in the future, and will eventually change. What has changed is the expectations of our country, and what has changed is the pursuit of ordinary people. Now the gears of the lever are still rolling forward, and the inertia of human nature has become its biggest driving force. However, the front is no longer a smooth passage, but an abyss. At this moment, the only way to change its trajectory is to move forward, so that the power of the lever can return to the track of revitalization. Even though the front is full of thorns, it has already opened the bow and has not turned back.
It is the best of times, it is the worst of times; it is the age of wisdom, it is the age of foolishness; it is the age of faith, it is the age of doubt; it is the season of light, it is the season of darkness; This is the spring of hope, this is the winter of despair; people have everything in front of them, people have nothing in front of them; people are going straight to heaven, people are going straight to hell.
Financial Street, money never sleeps.
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