"It's so exciting, so exciting! I'm worthy of being the leader of the financial industry. It's so interesting to say something. Come on, I'll give you a cup. Today is really awesome..."

Li Tingli stood up, full of excitement and excitement on his face. Seeing Fu Zhengyi lifted up his glass of wine and drank it all, there was no joy in his expression. Instead, his eyebrows were still frowning, and he couldn't help but sigh. "Xiao Fu, thinking too much sometimes makes you feel tired."

Fu Zhengyi was stunned for a moment, then nodded. "Yes, I understand the truth about Xu Ertuzhi. But the problem is that the whole society is becoming impetuous, and everyone hopes to achieve results immediately. Everyone knows that the thinking of quick success and instant benefits is not good, but the problem is that not being quick success and instant benefits means being eliminated, marginalized, and the crux of the contradiction is not solved. It is too difficult to make changes..."

"It's always going to be positive, and the problem will always be solved. We must have confidence in development and the future!"

"Yes, I admit it. It's just that I'm a young man, and I'm impatient, I can't help it..."

Liu Lao Wan'er didn't expect that he would respond with the word "young". He thought that if he continued to refuse, he would also remind him appropriately that some things were not visible on the surface, and those dirty things behind the scenes and transactions could not be seen clearly and understood by his age?

Li Tingli stood up and bowed to Liu Laowei to thank him. "Old Liu, I really have no choice but to move out your big Buddha, and I hope you can forgive me!"

"Tingli, I don't care about anything. The southwest needs to take big projects and achieve results. I can understand the urgent psychology there. No one is unwilling to make the stock market improve for a long time. But the problem is that historical problems are difficult to solve, new problems continue to emerge, and supervision is not a god..."

Fu Zhengyi smiled and said, "Old Liu, Director Wang's purpose is to participate in the additional issuance. But the problem is that the government endorsement is endorsement, and the administrative unit endorsement for enterprises is inconsistent with the law. If it becomes stricter, would it be that Zhongwei Changwen will go to sue the provincial government and sell the provincial government's building?"

Mr. Liu was happy. "Of course not! You always have to keep some face!"

Fu Zhengyi spread his hands. "I want to see my face, but I do things inexplicably! Then this problem is unsolvable. Zhongwei Changxing investor is the financial department. If I agree to participate in this additional issuance, then the 1.5 billion yuan of funds will be deposited. Even if it is only based on a 30% annual compound growth rate, if the value of this part of the equity cannot exceed 33 billion in three years, then there is no way to explain it!"

"Three hundred and three billion in three years? How could there be so many?"

Seeing that Mr. Liu didn't seem to react, Secretary Tian hurried over and whispered, "There is so many. The annual growth is 30%. In the first year, it will be 2 billion, 2.5 billion, and in the third year, it will be more than 3 billion."

"It's equivalent to the past profits and profits?"

Li Tingli smiled. "Old Liu, you are right to say that. The company managed by the stock god Buffett has not had a compound growth rate of more than 20% in the past 40 years, but Buffett is recognized as the stock god with such results, because the stock price of the company he manages has increased by nearly 8,000 times in the past forty years! In other words, if anyone bought Buffett's stocks in 1965 and held them until now, then the first ten thousand dollars would have become more than 80 million dollars..."

Mr. Liu said "Huo" and looked surprised. "Can you be so tall? Can you keep it?"

Li Tingli nodded. "If the financial market can be stable and fair, then there is nothing impossible."

Old Liu's mouth drooped, looking depressed and hard to say anything.

Fu Zhengyi picked up the wine glass. "Old Liu, don't worry. As you said before, we will definitely get better and better. Even if the process will be tortuous, the goal is clear and clear. The lives of the people will definitely get better and better day by day. Fairness will come one day, and we will only be late and will not disappear!"

The gleam in Liu Lao's eyes flashed, and he nodded slowly after a moment. "Xiaofu, no wonder the two fund companies required full autonomy at the beginning of their establishment, and they applied for the power of overseas investment. If there are no these prerequisites, just a problem of the upper and lower limits of the holding of a cemetery fund will cause the cemetery fund to lose its martial arts! Good! Good! If you can achieve such excellent results, if you can't make some people honest, then there is nothing worth promoting, worth encouraging, and worthy of pride..."

"Yes, in fact, many cemetery funds have been established in China over the years, but the problem is that the lower limit of holdings seriously restricts the development of these cemetery funds and almost puts these fund companies in a situation where they cannot retreat. Even though they know that the market has entered a bear market, they can only passively hold shares and hold on. The sorrow of being unable to short positions may not be understood by laymen. There are indeed quite a problem in investor education, which leads to public funds that must consider liquidity and short-term large-scale redemptions. Even if they have the ability, they cannot avoid the herd effect. They have to chase ups and sell downs, and do their best to do high net worth in exchange for a meaningless ranking..."

"Oh? Xiaofu, are you very clear about the disadvantages of public funds?"

Since we have already said a lot about the disadvantages, Fu Zhengyi doesn’t care about saying more.

Public funds have been established for six years and their scale has gradually expanded. However, the problem is that the innate shortcomings of public funds have led to some excellent fund managers who see the problem but have no choice but to solve it. When the market is getting better, the phenomenon of leaving public funds into private funds will become more and more common, but what follows is a more common net value competition, and insider trading is more rampant.

Secretary Tian, ​​who was responsible for the record, had his pen Rufei's pen, his hands were sore and his eyes were tired, but he still felt that he could not keep up with his ideas. He took advantage of the gap between him holding up the teacup to moisten his throat and interrupted with embarrassment. "Mr. Fu, are all these problems with the current public funds? This is too outrageous, right? Is it possible that the establishment of public funds is a mistake?"

"Secretary Tian, ​​the establishment of public funds is an inevitable trend. There are many retail investors in China. To put it bluntly, it is still a problem of trust and short bulls and long bears. Once these two problems are solved, retail investors will gradually withdraw from the market. The market problem is left to the market to solve, and whether a company can go public will also be left to the market to decide. At that time, our stock market will not only develop healthily, but will also become a weather vane for the world's financial market..."
Chapter completed!