"Yes!" Qin Xiaotian was quite helpless, but he could only admit it.

"That's why I always believe that gossip and rumors are often more credible than government announcements!"

"I have experienced the era of complete black boxes, and I have seen rumors flying all over the sky that affect the operation of the market. I also know the destructive power of inappropriate policies on the market. Therefore, my biggest hope in the securities market for so many years is that these things will never happen again. As a result...

..." Sighing, Qin Xiaotian said with emotion: "The current market is so miserable, it can be said that there are corpses everywhere! Especially those retail investors, the hard-earned money accumulated over the years has just evaporated!"

Pang Jindong nodded: "I sympathize with them, but I can't save them! Because this market is dominated by the jungle, and if I save them, I can't save myself!"

"What do you think of the next market trend?"

"First, my country's foreign trade will not run a deficit, which will cause the pace of RMB appreciation to slow down or even stop; second, my country's economic growth will not show an inflection point, shifting from high growth to medium growth or even low growth; third, the international economy There will be no serious recession, which will lead to a turning point plunge in the international stock market represented by country m. As long as these three conditions exist, the bull market process will continue. From large-scale bank savings to comprehensive market investment, from treating banks as The process of comprehensive transformation of the main channel for social capital allocation and the main mechanism for resource allocation to the capital market will continue unstoppably."

"It is not impossible that these three conditions will not be changed!"

"I estimate that at least there won't be any major changes this year..." After a pause, Pang Jindong said with concern: "But it's hard to say what will happen next year..."

"Many analysts now believe that, whether from a historical or realistic perspective, although administrative power's suppression of the bull market will change the process and rhythm of the bull market, it is impossible to change the direction and trend of the bull market. The performance of my country's stock market The marketization process and market forces are no longer what they used to be. Against the backdrop of an overall improving internal and external environment and a comprehensive economy moving towards marketization and internationalization, it is not easy for administrative departments to try to change the bull market process through administrative power. ! The two years of macro-control with the main purpose of suppressing real estate prices have failed. If the main battlefield of macro-control is shifted from the real estate market to the stock market, the outcome will not be any better than regulating the real estate market!"

"Mr. Qin, I absolutely do not agree with this view, because the speaker does not understand the characteristics of our country's economy at all!"

Qin Xiaotian asked with great interest: "What do you think are the characteristics of our country's economic policy?"

"One of the most important features of this policy is that it does not hide wealth among the people. Therefore, any change in domestic affairs that will benefit the country rather than the people will definitely change in this direction. Don't look at the more regulated the property market, the higher the price, but the stock market is

The more control you have, the lower it will fall. Because these are two completely different things, and their nature is different."

"What do you think the difference is?"

"The biggest beneficiary of the property market is the state. The true nature of the state's various controls on the property market is to lower housing prices by squeezing the profits of real estate developers without sacrificing its own interests. This is impossible.

Because the goal of real estate developers is to maximize profits, not to engage in charity. Only by creating sharp rises and falls in the stock market through policies can we create opportunities for national capital to profit!" With a sneer, Pang Jindong said with great disdain: "As for those so-called

Analysts, you can completely turn a deaf ear to their words! There are two types of people in our country that everyone in the country can kill, one is the economist, and the other is these so-called stock critics. Many small and medium-sized investors are just that.

We have been harmed by these black-mouthed analysts who are actually called analysts. In fact, strictly speaking, there are no real analysts in the domestic stock market, and some are just spokespersons for various interest groups."

As a securities dealer, Qin Xiaotian will naturally choose his own interests spokesperson and spread the words and remarks he needs in various media, so he is very clear about such insider information. As soon as Pang Jindong finished speaking these words, he realized that he

Some gaffes.

But Qin Xiaotian didn't care and just said: "But many people know that he is a slanderer, but they are willing to listen and believe it!"

"This is caused by a blind obedience mentality of human beings!" Pang Jindong paused and further analyzed: "Most people will hesitate when encountering major problems, so they are willing to listen more to other people's opinions, especially those who

Be considered authoritative. In addition, under the pressure of the group, individuals will give up their own opinions and obtain the same opinions as the majority of people, which is commonly known as 'following the crowd'. After all, stock critics will cause

It has a certain influence and causes many people to follow it, so many people need to gain psychological security and a sense of belonging through this herd behavior.”

Qin Xiaotian smiled and said: "So, it is necessary for our fund company to hire a few bad guys!"

"I'll entrust this matter to Mr. Qin!"

"Okay!" After thinking about it, Qin Xiaotian concluded: "According to your point of view, in such a market, you must be unique in order to win!"

"You can say that!" Pang Jindong said slowly while thinking: "Actually, if you want to make money in this market, it is difficult to say, easy to say. It is difficult to say because there are too many factors to consider;

It’s easy to say, but as long as you grasp the unique characteristics of this market, you can be successful.”

"It makes sense!" Qin Xiaotian agreed with this point of view.

Pang Jindong asked: "By the way, how are we doing in Singapore?"

"You have to know that when we go overseas to invest, our name is not legitimate, our words are not smooth, and we need to make many detours. And the news you gave me was too urgent, and I only had time to allocate part of the funds. Although we made a big profit this time, we are the only ones

In terms of strength, it is obvious that the benefits are not maximized.”

The "Singapore" mentioned by Pang Jindong and Qin Xiaotian here does not refer to the country of Singapore, but to the Xinhua FTSE A5O Index futures of the Singapore Exchange. This index is composed of the 50 leading stocks with the largest market capitalization in the domestic A-share market.

, listed and traded on the Singapore Exchange, is the only index based on the stocks of country Z that international investment institutions can directly invest overseas. The stock index futures established based on this index have become QFII financial operations that are allowed to enter the domestic securities market.

Derivative products.

Since overseas hedge funds cannot directly enter the A-share market, and only the index futures are linked to domestic stocks, every time before the delivery date, overseas hedge funds short-sell the index on the one hand, and borrow securities from QFII on the other hand; on the delivery day

On the same day, the stocks borrowed from QFII were sold, suppressing the domestic A-share index, and at the same time making profits from the short-selling transaction of the Xinhua FTSE Index.

Due to the strong capital and rich experience of overseas financial giants, coupled with the loopholes in domestic policies, a strange phenomenon has been created. The fluctuations in the stock market of country Z can be predicted in advance by the buying and selling of Xinhua FTSE futures. Let’s talk about it in detail.

, if there are a large number of buying and selling contracts in Xinhua FTSE, the domestic securities market will soon fall sharply, and vice versa.

This is one of the ways that overseas capital giants search for the results of domestic economic development. Of course, domestic economic management departments do not want to see it, but there is nothing they can do about it.

After the market plummeted, Pang Jindong conducted a detailed analysis of this index futures and noticed that when it was first listed, the domestic media often gloated and ridiculed the lack of business. However, in the past six months or so, the news about this index futures has actually...

It has become a blank, as if it does not exist at all. It is even more impossible to understand the trading status of this futures. Based on the style of the domestic media, it is self-evident what the meaning behind this is.

Qin Xiaotian said: "Nowadays, financial giants are making a lot of money through this futures. Is it necessary for us to make our own money back? In this way, we can legitimately invest in Singapore!"

"What Mr. Qin means is to establish a QdII fund that can invest in overseas markets?"

"Yes! Now the domestic management has approved the first batch of QdII and is about to test the overseas market! We can definitely use this shareholder style to start our global journey!"

"If I'm not wrong, this batch of QdII will come back in vain! To some extent, I suspect that these funds are simply going abroad to give money to others! But..." Pang Jindong laughed a few times and said meaningfully:

"We can try it!"

"With your talent, even if other QdIIs fail, we will succeed!"

"good!"

Seeing that Pang Jindong agreed, Qin Xiaotian asked further: "What are your requirements for this fund?"

"First, the broader the investment scope stated in the prospectus - including countries and regions, as well as the types of financial products - the better. This principle must be adhered to during actual operations; second, adopt a prudent policy,

Don’t act rashly yet, just follow the footsteps of foreign financial giants and invest in Singapore.”

"What is your name?"

“Let’s call it the Global Exhibition Fund!”

"Okay!" Qin Xiaotian was silent for a moment, and once again praised Pang Jindong's strategic vision: "I have a hunch that working with you will be the fastest development period for my career. The only thing that makes me regret is that this day comes too late.

It's over..." Qin Xiaotian's implication was that he was feeling a bit sad that he was already a late hero.

Pang Jindong said hurriedly: "Mr. Qin, you are really too modest!"

"What's strange to me is, you have such talent, why did you start your own business now?"

"My life in the past was very embarrassing, so I wanted to make more money. After I achieved this goal, all I wanted was to have enough food and clothing. I never tried to pursue any great fortune. It was just based on various chances and coincidences that I started to

This is the path we are on now.”

"Your idea is wrong!" Qin Xiaotian denied Pang Jindong's point of view for the first time, even though Pang Jindong was only talking about his own life. "You should correct your attitude towards money!"

"My attitude towards money?" Pang Jindong never thought that there was a problem with his attitude towards money, so he was very confused by Qin Xiaotian's words.

"Yes! No matter you are rich or poor, you should let money serve you instead of you serving money! In other words, you should be the master of money and be above money, and this has nothing to do with rich or poor! This

It's easier said than done! Some people work hard to make money and say, 'When I have money, I can spend it however I want!' And many rich people do exactly that! But

Are they the masters of money? No! Because their attitude towards money is not correct, and all they have done is to prove that they are slaves to money!"

Pang Jindong asked strangely: "Why do you say that?"

"Because they measure their value with money!"

Pang Jindong was very clear. He immediately understood Qin Xiaotian's meaning through this sentence and deeply agreed: "Money is the product of our business, but we cannot start a business for the sake of money!"

"Yes! No matter what people do, including planning their future, the first thing they should do is to clarify a goal. This goal cannot be directly positioned in the pursuit of glory and wealth, but should constantly think about how to realize the value of their life. Some people

Learning, and some people doing business, are actually different paths to the same goal, because the purpose is to realize one's own value and challenge oneself. If the goal and direction are wrong, then there will never be success." After a pause, Qin Xiaotian continued: "Say

To put yourself above money, let’s take a simple example: if you wear a pair of pants worth ten thousand yuan, when you feel tired walking on the street, you sit down and rest without hesitation, this means that you

Be the master of money, even if these pants are all your belongings. Because you are thinking: 'I am tired, I need to rest!' instead of: 'These pants are too expensive to get dirty!'"

If it was Qin Xiaotian who admired Pang Jindong just now, then the situation has now changed, and Qin Xiaotian has taught Pang Jindong a lesson. Pang Jindong is very emotional that Qin Xiaotian's decades of life experience have indeed brought a lot of spiritual wealth. And this kind of

A correct outlook on life is an important factor in his success.

Pang Jindong spoke to Qin Xiaotian using an Internet phone in Han Feng's office. After the two chatted for a long time and hung up, Pang Jindong returned to the hotel.

While thinking about Qin Xiaotian's principles, Pang Jindong opened the door to the room, but was stunned as soon as he walked into the room.

Jin Lingling was sitting in the middle of the room, looking at Pang Jindong coldly. At the same time, Pang Jindong noticed that there were people behind him on both sides, and was about to react when Jin Lingling had already spoken: "Mr. Pang, please sit down!"

Pang Jindong has been in battle for a long time and has experienced various crises and difficulties. There are very few times when Pang Jindong can be stunned. But at this time, Jin Lingling's sudden appearance, her expression and the atmosphere in the room made Pang Jindong feel vaguely uncomfortable.
Chapter completed!