Chapter 1106 The real "nuclear bomb"!

Many people don't have much idea about US$1000 billion.

Just put it this way, in 2001, China’s foreign exchange reserves totaled just over US$2100 billion.

The gross domestic product is only 1 trillion US dollars.

It is no exaggeration to say that the US$1000 billion brought by Wall Street now has the power to knock China's economy back by 10 years.

"There is another thing we must understand, that is, this US$1000 billion is just what we know at the moment. Wall Street is backed by US officials, and they can bring in more money at any time. What should we do at that time?"

Li Jin's words made Director Cheng and Liu Tongsheng look more and more serious.

"Then tell me your opinion." Director Cheng said after a long time.

"Open a two-front battlefield." Li Jin replied decisively.

"What do you mean?" Liu Tongsheng asked.

"I must contain most of Wall Street's energy in the U.S. capital market. Fortunately, thanks to our previous achievements, this is relatively easy to do. I must force them to invest more manpower, material and financial resources to deal with it in the U.S. market. Jin Qingtian invested the funds, otherwise their hometown would be at risk of being confiscated."

"As for the domestic market."

Li Jin pondered for a moment, hesitating whether to continue speaking.

According to the memory of his previous life, there were several big news and big moves in the domestic stock market in 2001.

With the overall market situation on the decline, the government officially launched a high-pressure situation of key supervision this year, and at the same time made more concessions to the market for the listing of state-owned enterprises. More importantly, just this year, The National Social Security Fund was approved to operate in the stock market.

Naturally, things like this were not happening in the previous life, but a series of measures to stimulate the market were still introduced.

In general, during this year, the official attitude was to rectify the financial market and allow it to develop in a more orderly and healthy manner. The second step was to introduce favorable measures to stimulate economic growth.

What Li Jin has to do now is to propose that policies that were originally coming out should be released in advance, but he is not sure whether doing so will arouse official alert.

After all, many of these policies are currently confidential, and even judging from the timeline, some may still be in the draft stage.

At this time, Li Jin threw out a package plan. Although officials will do this in the future, will it make the superiors dissatisfied?

Or does it make the superiors doubt whether they have some sources of information?

This is not a good thing.

Seemingly sensing Li Jin's hesitation, Director Cheng said solemnly: "This is not a formal meeting. Just bring up your ideas. I guarantee with my party spirit and principles that it will never have any negative impact on you. "

"Alas, Director Cheng said something harsh."

Li Jin sighed.

He knew that now was not the time to hide it. As for whether there would be any subsequent effects, he would tell at that time.

"My opinion is that the domestic market needs to rely on the strength of the domestic market itself to deal with it."

"No matter how rich a country is, it can never be richer than the total wealth of all citizens. The stock market is a market that can make money. As long as this market is developed and social capital flows in, if nothing else, at least Wall Street’s 1000 billion capital can be eaten up.”

"Be specific." Director Cheng frowned.

"First, strengthen market supervision. Why are many large retail investors or institutions willing to speculate in Hong Kong stocks or external markets? It is because the domestic market believes that the traces of trading are too heavy and too simple, and various illegal operations are common and endless. "

“In an unhealthy market, investors are unwilling to enter because everyone does not play the game within the same rules at all. The winner takes all. Those with strong enough capital can easily eat up small fish and shrimps. This is very unreasonable. "

"Therefore, strengthening supervision of the financial market and introducing high-pressure policies when necessary to deter the culprits with heavy fines is a path that must be taken. Looking at the large financial markets abroad, we have experienced similar periods. In this way, it is inevitable It will guide more private capital to come in and revitalize the water in this pond."

"Second, speed up the pace of listing of state-owned enterprises. Due to our special national conditions, the real giants in the real industry are still state-owned enterprises, especially some monopoly industries, such as oil, tobacco, telecommunications, etc. The state-owned enterprises in these industries themselves are good Their assets and monopoly position mean they don’t have to worry about going bankrupt, so once they go public, market enthusiasm will inevitably increase.”

"At the same time, listed state-owned enterprises must be subject to policy constraints and must provide at least 10% of their total equity to the market. Otherwise, the benefits will not be enough and fewer people will be interested."

“Third, promote the entry of national social security funds into the market.”

Of these three suggestions, only the third one Li Jin only mentioned at the beginning without elaborating on it, but everyone knows that only the third one is the real nuclear bomb.

"Social Security Fund!"

Liu Tongsheng took a breath of air and said: "Li Jin, the social security fund is an important guarantee related to social stability and stability. Once there is a problem with this fund, there will be big trouble. No one can bear this responsibility."

Li Jin frowned. He knew that social security funds would definitely encounter huge resistance when entering the market, and the most important conservative among them was Liu Tongsheng. He simply did nothing because he was afraid of taking responsibility.

However, can real great achievements be achieved with this kind of mentality?

So Li Jin said unceremoniously: "Our ancestors have forged our current national destiny with their own flesh and blood, and now, we have to back down?"

"Inflation and currency depreciation are inevitable laws of a country's economic development. As long as the economy is developing, the currency will inevitably depreciate and the purchasing power will become worse and worse. This has already appeared with the vigorous development of our country's economy."

"And the social security fund is dead. If you leave it there and don't move it, in ten, twenty, fifty years, its depreciation and loss will cause the market to collapse sooner or later."

"So many foreign countries use social security funds for investment and let them make money on their own, at least outperforming the rate of inflation. Only in this way is the fundamental way for the long-term stability of this fund."

Liu Tongsheng wanted to say something else, but Director Cheng stood up and said excitedly: "Yes, Xiao Li's words touched my heart!"