They are all reborn, and the grandson is still a spare tire

After a few jokes, Yao Yuan began to answer the questions directly.

"As for the opening of our country's financial market, I believe that we should follow the principle of gradual and step-by-step opening, and advance it step by step in a planned and step-by-step manner. This kind of thing cannot be rushed, and we must proceed step by step."

"Our country has only been in reform and opening up for 79 years. From 83 to 84, it was a diversified and mixed financial system. From 93 to , it was a financial system with the central bank as the center, national specialized banks as the main body, and various financial institutions working together."

"In these two stages, the mainland's financial system was not market-oriented. It was not until 94, until 2003, that our country gradually established a relatively complete market-oriented financial system through reforms."

"Since 04, the reform has been further deepened until now. We are gradually establishing a modern financial system with multiple ownerships and multiple business forms, a reasonable structure, complete functions, high efficiency and security. This step of work has not yet been completed..."

After hearing his answer, many experts and scholars in the field of economics and finance, as well as some graduate students and doctoral students, were all shocked.

This is the first time that everyone has heard of such a conclusive and incisive analysis of the mainland financial market.

After listening to the translator's retelling, many of the foreign experts and professors who were present at the scene looked much more solemn.

A considerable number of them have been vigorously advocating and promoting the full opening of China's financial markets in recent years.

Even they come to China's major universities to work and serve as visiting scholars because they have such a mission, but they just keep it secret.

After several years of work, they did indeed mislead quite a few people into believing in their theories.

Then we follow behind them to advocate and push for the full opening of China's financial markets as soon as possible and to fully integrate them with the international financial markets.

Among those who have been deceived are many professors and students from major universities, as well as various so-called economists and financial experts.

Even some senior financial executives have been bewitched and are calling for the full opening of the mainland financial market.

In this situation, some foreign professors and scholars were frightened and felt that something was wrong when they suddenly heard Yao Yuan's sobering remarks!

offstage.

Professor Lin came close to Professor Ouyang and whispered curiously:

"Yao Yuan's description of the development process of our country's financial market is so accurate and to the point. This is the first time I have heard of it."

"Has he told you about this classification method before? I have a feeling that his words will cause quite a stir in the domestic financial market and become the standard for classifying the development stages of the financial market."

Professor Ouyang turned his head and looked at Professor Lin, and said in a low voice with some pride:

"Lao Lin, just like you, this is the first time I've heard him talk about this division method. This guy is always so shocking."

"I just reminded him to be more restrained when he got on stage and not to let his horse run wild, but this guy just launched a satellite right after he came on stage. He is really a monkey."

"Okay! You can show off as much as you want, we can only envy you."

Professor Lin complained helplessly in a low voice.

"Hey, I'm not showing off, I'm really surprised."

Professor Ouyang defended himself, laughing happily.

On the podium.

After introducing the division of financial market development stages, Yao Yuan suddenly changed the subject.

"It has only been a decade since 94 when our country's financial system truly embarked on the path of marketization. It is no exaggeration to say that the mainland's financial market is just a toddler, and its understanding of the risks ahead is still superficial."

"Our financial market is very young, and many basic financial systems are not yet sound. Under such circumstances, fully opening up the mainland financial market is tantamount to inviting thieves in. The thieves here refer to those financial giants who dominate the international financial market."

"At this stage, the opening of our country's financial market must be a protected, limited and gradual opening. We must not rush for quick results. Opening up the financial market too quickly will only cause irreparable and huge losses. We must be extremely cautious."

"In my opinion, the current level of openness of the mainland's financial market is sufficient, and even a bit anxious. It can be appropriately recycled, which is safer and more stable. As for the full opening of the financial market, that will be decades later, and it is too early to say now."

"From last year's subprime mortgage crisis to this year's global financial crisis, the impact and losses suffered by the limited opening of the mainland's financial markets are far less than those of the fully open financial markets. Reality is the best proof and is enough to illustrate the problem."

After hearing his analysis, most of the people at the scene nodded frequently and were secretly amazed!

Where did this kid learn such advanced skills at such a young age?

His understanding of the domestic and international financial markets is profound. No wonder he is so successful in the international financial market!

As soon as Yao Yuan finished speaking, a foreign professor in the audience quickly stood up and began to refute with a red face.

"I disagree with your point of view, Mr. Yao Yuan. Only by taking the path of full opening up can China's financial market truly integrate into the international financial market and achieve better development..."

Yao Yuan looked at the foreigner, smiled and said loudly:

"Sir, China is the most dynamic, fastest-growing and most promising country in the world today, and its future is bright!"

"We have a huge domestic market with a population of 1.4 billion. As long as we manage the internal circulation well, we are not in a hurry to fully join the international financial market."

"Thank you for your concern for our country's economic development and financial markets. It is best for us to solve our own problems ourselves!"

"In the revolutionary era, we did not need a teacher who was high above us. Now that we are engaged in economics, we also do not need a teacher who is high above us. Our own wisdom is enough!"

"Hahaha"

The atmosphere at the scene exploded and everyone burst into laughter.

Immediately afterwards, many Peking University students began to cheer loudly and applaud enthusiastically.

"Well said, Yao Yuan, we never need a condescending teacher!"

"That's right, we can solve our own country's problems by ourselves, so there's no need for outsiders to worry about it!"

Compared with the enthusiastic students, those experienced professors and experts and scholars are much more reserved.

"Alright! This is a very sarcastic speech. Yao Yuan is really good at talking nonsense. But it's really enjoyable to listen to what he says!"

"Hahaha, I finally figured it out. This guy is a pure nationalist. He went to the international financial market just to make money, and then used all the stolen money back home!"

"This is very interesting. Just wait and see. Once the video of this symposium is uploaded to the Internet, it will definitely set off a storm on the Internet and shock the entire financial market."

Many professors, experts and scholars were discussing in low voices with great excitement, all of them enjoying the fun.

On the podium.

Yao Yuan ignored the blushing foreign professor and turned to look at Dean Zhang.

Dean Zhang understood immediately and immediately said:

“The questions and answers were very interesting and eye-opening. Please continue to ask questions. I hope that the questions you ask next will remain at such a high standard.”

As he said this, hundreds of arms were raised in the audience.

Dean Zhang quickly glanced at the scene, then raised his hand and pointed at a man in his twenties below the stage.

"Dr. Lu Tianyi, you can ask the second question."

"Thank you, President Zhang"

Lu Tianyi nodded excitedly in thanks, then stepped forward and asked his question loudly.

"Hello, Yao Yuan, I'm Lv Tianyi, a PhD candidate in industrial economics at Guanghua School of Management. I'm glad to meet you. I'd like to ask you a question."

"As far as I know, the current Jiuye Investment Group is a huge capital group that controls over 5 trillion US dollars. It is the largest capital group in Asia and the second-largest investment bank in the world."

"Such a large private capital group has never appeared in the modern history of our country. It can be said to be a capital monster."

"Then I would like to ask, how do you position Jiuye Investment Group? Given the capital size of Jiuye Investment Group, will it have an impact on our country's existing economic system?"

"If there is an impact, how do you plan to deal with the problem? When the interests of Jiuye Investment Group conflict with the existing economic system, what choice will you make?"

Wow! Another series of sharp questions. This is going to be interesting!

Almost everyone exclaimed inwardly.

At the same time, everyone was also shocked by the incredible strength of Jiuye Investment Group!