Vol 6 Chapter 174: Admire

Because of the relative isolation of the capital market, the "firewall" that worked when the Asian financial crisis broke out is still working.

Because of the lazy government of the banking system, our banks did not buy many subprime mortgage securities before, so the whole world is in a state of restlessness. The financial systems of all countries are a bit anxious. , Quite a few years of quiet meaning.

Although in the long run, the chaos of the outside world will definitely affect us. For example, Feng Yiping mentioned in related conferences. Because the European and American economies were damaged in this crisis, the demand will inevitably decrease. , And the impact on our exports.

However, because of the timeliness of foreign trade, the current production tasks in many factories still come from the previously negotiated orders, and the relevant impact will only be revealed in a few months or next year.

And the depreciation of some currencies will have a negative impact on the country from a major point of view. For example, our foreign debt and some investments, which are more long-term, are our international competitiveness, but for ordinary people The relative value of the renminbi is also a good thing.

Especially those who are planning to travel abroad next, are already thinking about what more things they can buy with the same money...

And some people with relevant knowledge are thinking at this time, will the hot money that originally invested in Europe and the United States switch to other emerging markets because of the current situation?

And our domestic stock market, which still seems to be in full swing, is a good place to go!

Therefore, it seems that this wave of domestic stock markets will continue. Well, it seems that we can buy more stocks...

It can be said that in recent days, for ordinary people in China, while watching central banks rushing around fighting fires, they have an idea in their hearts that has gradually become clear again, that is, our system is really superior. Sex.

In fact, the domestic financial system is not calm at this time, and assets related to subprime mortgages have been sorted out.

Many people in the industry are optimistic about the results, because the majority of US mortgage securities held by domestic banks are concentrated in the two houses in the United States, namely Fannie Mae and Freddie Mac.

Although Freddie Mac and Fannie Mae are private listed companies, they are quite different from ordinary U.S. private listed companies. They enjoy special rights, including the exemption from various federal and state governments. Taxes, and enjoy more than billions of dollars in credit support from the US Treasury.

In terms of these characteristics, these two companies also have the taste of state-owned enterprises.

It's a bit like our telecommunications and mobile. At first, there was only one Fannie Mae. Later, the US Congress felt that this was not good and there was no competition. So in 1970, 32 years after Fannie Mae was founded, Freddie Mac was established.

And their main business is to purchase mortgage loans from mortgage companies, banks and other lending institutions, and to securitize part of the mortgage loans and package them for sale to other investors... Activating the liquidity of bank assets and refining bank mortgages They are bought with loans and then resold to other investors...In short, these two companies are actually similar to the Fed.

Therefore, for many people in the domestic industry, the securities of these two companies are in essence close to the US Treasury bonds, because they are backed by the US government.

However, although the US mortgage securities held by our opponents remain optimistic, this does not mean that they are very happy at this time.

Looking at the scenes abroad, watching the foreign colleagues at this moment stretched out and at a loss, they also felt some chill.

Physical injury and coldness of the lips and teeth are common to most of us.

At the same time, various analysis and pre-judgment meetings are also being held continuously, which is often the case. It is not easy to learn from the success of others, but it is not difficult to learn from the failures of others.

Whether it is our capital market or our real estate market, we must always move forward. In the future, we may not encounter similar situations. This storm that has swept Europe and the United States has provided us with a rare reference.

How rare is it? Just look at the huge amount of rescue funds invested by countries all over the world in these days.

While doing these things, a person's name will often come to their minds.

Those people who used Feng Yiping's autographed article in the January 2007 issue of Frontier as a joke, then turned the magazine out one after another.

Those views and arguments that they saw as jokes at the beginning, now it seems that they are all words and words, and after reading the whole text, they are a little embarrassing.

Feng Yiping!

Although he reached the relevant conclusion only a few months earlier than most people, these few months have been an insurmountable gap.

People on this side of the ditch, bustling with people, put on some powder and tall hats, can be called experts.

And the gentleman on the other side of the ditch, who is not surprised, is the big player, or the genius!

People of higher ranks finally turned their eyes away from the hat of the richest man on Feng Yiping's head temporarily, to see another laurel crown on Feng Yiping's head, a world-renowned scholar!

As the relevant situation became clearer, they saw the report that Feng Yiping submitted through Teacher Zhou. After reading it, no matter what the position of these people, they only had two words for Feng Yiping, "Admiration! "

In recent years, on TV, on the Internet, in newspapers, in magazines... Everyone has seen a lot of experts on some hot issues, but those guys, that is, they fool the common people, who dare to believe Put your own conclusions to the top?

That's a very big risk.

From the perspective of those who read the report, submitting such a report is a matter of great political risk.

Feng Yiping, a businessman, does not need to intervene in this matter at all. As long as he can take his own company and survive this crisis safely, his image, his reputation... everything he will not suffer. influences.

But he just stabbed his own judgment into the sky, and it seems that the reason why he solemnly published such an article in Frontier at the beginning of the year was afraid that it was to lay the foundation for this report.

A businessman who is so determined and desperate in such matters will make these officials who are good at calculating and good at weighing still feel a little moved in their hearts.

It also reminds many of them of things that are so long as they are very strange, such as beliefs, such as ideals...

In fact, most of them still saw the abridged version of the report. If they saw Feng Yiping on the report, they even predicted a regional conflict against Russia that would be supported by the United States. Many people’s glasses might fall to the ground.

Relatively speaking, Teacher Zhou was not so shocked at this time, and he didn't have so much time to sigh.

Although to a certain extent, we can be regarded as being out of the matter at present, but in this era of increasing globalization and economic dependence, as a de facto economic power, we cannot truly be out of the matter.

In particular, considering that both the United States and Europe are our main trading partners, especially the United States, and our main source of surplus, as a responsible major country, we cannot stand by and stand by in front of such a global crisis. .

For example, ~www.wuxiaspot.com~ Mr. Zhou, who has talked with Feng Yiping several times for a long time, has recently been busy attending various international conferences, and when discussing strategies for solving this crisis with colleagues around the world, he also thought of other issues. .

He feels that the bonds of the US two housing estates held by domestic financial institutions do not seem to be foolproof. It is naturally best to sell them now. However, considering the possible impact of doing so, it is nothing more than the United States, which is already on fire. A barrel of oil has been poured on the mortgage securities market. Such a proposal can only be shelved now.

However, how to make the US government ensure the interests of our investment in the two housing estates through the talks is already in preparation.

On the other hand, he also saw a very intuitive data. After being reminded by the central bank, mainly overseas institutions of our bank, after relatively tightening the loan approval, so far, it has reached hundreds of billions of dollars. .

Although he agrees with Feng Yiping’s point of view and feels that this storm is far from over, but whenever he thinks of the above, he always considers whether to give Feng Yiping a medal or not, after all the dust settles. medal?

Speaking of it, he doesn't know what Feng Yiping is doing now... To find this site, please search for "" or enter the URL: