Chapter 134: The China Securities Regulatory Commission came to ask for advice

The old man's kung fu is a school of Southern Quan. The basic characteristics are that he has strict portals, compact movements, clever techniques, and a low center of gravity. He reflects the characteristics of fighting with small to big, clever to clumsy, more to less, and fast to slow.

As the name suggests, Southern Fist is mainly a popular boxing technique south of the Yangtze River. People in Fujian and Guangdong are thinner and relatively weaker in strength. Therefore, they pay special attention to the stability of the lower plate, pay attention to the flexibility and change of steps, and often have twisting and turning movements, such as dragon riding steps, crimping steps, and cover steps, so that the body can turn flexibly.

The upper limbs of Nanquan are dense and rapid, and very varied. Sometimes the lower limbs are not moved, and the fist and palm can be hit several times in a row, striving to be fast and dense to win quickly. When exerting force, Nanquan mostly shouts and exhales and urges force to increase explosive power.

Since southerners generally have short limbs, they pay attention to close to the body and use short punches to give full play to the advantages of one inch short and one inch dangerous, which is different from the big opening and closing in northern boxing.

There are many pictographic fists in the Nanquan style. The overall style is steady steps, strong fists, strong momentum, less jumping, more short fists, good at plagiarism, and cultivating strength with sound and energy. It is powerful, quick, clever and dense, and the combination of hardness and softness, and the upper limbs and hand shapes are particularly varied. It is not as vigorous and simple as Shaolin fists, and it is stretched and generous, but its strong and powerful aura and powerful momentum are naturally formed.

Although Fan Wubing is from the north, in terms of body shape, it is only medium, only 1.77 meters tall. He himself also felt a little strange. How could he automatically lock up to this height and not be long?

However, his teacher Fan Tianlan once said that growing too tall may not be a good thing. Internal martial arts has the function of regulating the balance of various functions of the body. Fan Wubing grew like this and was very balanced in all aspects, so there is no need to deliberately pursue how high it is.

His bodyguards were tall and big, each of which exceeded 1.8 meters. However, whether it was kung fu or IQ, they were all very different. Therefore, Fan Wubing felt that his body shape was already very satisfied.

"Fist technique emphasizes five combinations and three urgings. Five combinations are: hand and eyes, eyes and heart, shoulders and waist, body and steps, upper and lower urgings. Three urgings are: hand and steps, step and body and body." The old man demonstrated to everyone, while explaining, "In general, when you start a step and fist, the body must rotate with the steps, fist must be driven by the waist, tighten the abdomen, accumulate strength, and then retract. The technique must be flexible, the footwork must take root, and the technique and footwork must also be coordinated. When exercising, the hand should be reached, the eye should be reached, the body should be reached, the step should be reached, the eye should be moved by the hand, convey the mind to the eyes, and indicate to the hands. Only in this way can one be integrated and completed in one go."

Fan Wubing was very immersed in hearing it, and carefully gestured, experiencing the old man's teachings, and felt that it was indeed of great use.

By the way, I took a look at the several Japanese students who were practicing. Although they were very serious, they were a little confused when they talked about these profound places. Sure enough, traditional Chinese culture has a great influence on boxing. Fan Wubing thought that if he gave them his internal martial arts to practice, he would definitely be 100% obsessed with it.

"Okay, that's all here today. Everyone can come here in the morning and evening to continue practicing." The old man looked at the time and said to everyone.

Everyone dispersed from the gymnasium, and Fan Wubing saw the Japanese students gathered together, whispering and not knowing what they were saying, and while talking, he was looking at him.

"Spray--" Fan Wubing frowned, waved his fists at them, and then turned around and left.

However, not long after leaving the gymnasium gate, the phone rang.

"What's the matter?" Fan Wubing looked at the phone number and called from the headquarters, so he asked.

"Mr. Fan, the people from the China Securities Regulatory Commission are here and want to see you." The person at the headquarters replied.

The people from the China Securities Regulatory Commission are here, probably because of the stock trading some time ago? Fan Wubing hesitated for a while and finally decided to see what their purpose is. Although the trader is his own and the funds are his own, there is no violation of regulations, so there is no need to be afraid of seeing them.

Fan Wubing drove the car back to the headquarters of Fan's Investment Group. Sure enough, four visitors were already waiting for their arrival.

The China Securities Regulatory Commission is a direct agency of the State Council and a competent department of the national securities and futures market. It performs administrative management functions in accordance with the authorization of the State Council, and conducts centralized and unified supervision of the national securities and futures industry in accordance with laws and regulations to maintain the order of the securities market and ensure its legal operation.

This time, I came here with Vice Chairman He from the China Securities Regulatory Commission and several important cadres, which seemed very grand.

After Fan Wubing met these people, he found that their attitudes were very enthusiastic, as if they were not here to seek punishment, but after thinking about it, he had no handle in their hands.

"I wonder if Vice Chairman He and his party are visiting our company and what are you going to give me advice?" Fan Wubing ordered someone to serve them tea, and then asked curiously.

Vice Chairman He is already fifty years old and has also studied economics. However, in China, securities management is not applicable to many things he has learned abroad. They are also very laborious and often have no thanks for their efforts. Just after fifty years old, their hair is already more than half white, and it seems to be dyed.

"It was Boss Zhu who instructed us to come over and learn from President Fan." Vice Chairman He said respectfully to Fan Wubing.

"I dare not take this off..." Fan Wubing quickly shirked.

This is indeed a bit too scary to say. Although the domestic securities market is still relatively weak and the influence of the CSRC is limited, it is still a direct unit of the State Council at the ministerial level, and the administrative level is placed here. The vice chairman of the CSRC is also the vice ministerial level.

Although there are so many vice-ministerial-level cadres in China, these cow hairs are cow hairs after all, not wool or pig hairs, but cow hairs! A vice-ministerial-level leading cadre is so sincere to ask for advice from you, an 18-year-old student.

Vice Chairman He’s purpose is very clear, just to solve the current downturn in the stock market.

Since the Shenzhen subscription certificate incident in the summer of 1992, the decision-makers have discovered that the stock market may be the best way to save state-owned enterprises. Economists have also pointed out that financing through stock market is a strategic choice to revitalize and enhance the strength of state-owned enterprises. In this case, the Central Committee established the China Securities Regulatory Commission in order to reclaim the power of stock issuance from the Shanghai and Shenzhen exchanges to the central government.

From then on, the country began to implement a quota system listing mechanism that fully supports state-owned enterprises, that is, the central government determines the listing quota, and then allocates it to each ministries and commissions according to the system, and to each province, city, and autonomous region according to the region. After each province, city, autonomous region and various departments obtain the listing indicators, it must also be allocated according to its own system.

Most of these indicators were allocated to state-owned enterprises in various places. Only a few famous township enterprises have luckily become the first batch of private listed companies due to the reform effect and symbolic needs, including Wanxiang Group in Luguanqiu, Zhejiang, Huaxi Village in Wurenbao, Jiangsu, etc.

In this way, listing indicators became the government's last move to rescue state-owned enterprises.

During the process of listing, the state finance and banks' appropriations or loans to enterprises first became creditors, then became equity, and then sold to shareholders through stock issuance. On the one hand, it gave state-owned enterprises that were already in desperate situations a chance to breathe again, and on the other hand, it also solved the problem of rapid growth of residents' savings.

However, this system has made the Chinese stock market a deformed product from the beginning. First, it lacks fairness. Private enterprises that meet the listing conditions and have good operating efficiency are difficult to get the opportunity to go public. Second, the quality of listed companies is obviously poor, and many indicators are allocated to the largest and most difficult state-owned enterprises in various places. Third, there is a large number of false statements. Those state-owned enterprises that have obtained quotas actually do not meet the conditions for listing, so they have to conduct large-scale and public financial fraud, and achieve the purpose of listing through asset divestiture, industrial restructuring and direct false statements. Fourth, due to the lack of necessary supervision, there are a large number of power and money transactions.

All of this has led to the fact that the stock market is the government's ATM, and the investors are bleeding old hens. Therefore, even after the China Securities Regulatory Commission made the decision not to issue new shares this year, the stock market has only been bullish for a month, and now it is in a continuous decline.

Boss Zhu, who is in charge of economic work, was naturally not happy to see this situation, but the problems in the Chinese stock market are difficult to solve. The so-called mainstream economists may not be much smarter than an old farmer, otherwise they would not be unable to come up with a solution. Therefore, Boss Zhu simply instructed Vice Chairman He to discuss with Fan Wubing, or he had a chance.

"Haha, Boss Zhu looks down on me too much." Fan Wubing couldn't help but smile bitterly after hearing Vice Chairman He's explanation.

The main problem of the Chinese stock market is that it has always been a product of policy needs. The government needs to make money from the stock market to save state-owned enterprises that cannot survive. This problem determines that the Chinese stock market is a speculative market and cannot have sustainable investment value like foreign stock markets.

But although Fan Wubing understood this, he knew that this matter could not be solved. Since Boss Zhu guided others to come to ask for advice, he could only give Vice Chairman He some advice so that he would not come back in disappointment.
Chapter completed!