Rebirth of the World’s Richest Man

Chapter 3865 Stock Market

 On the second day of the Oriental Meeting, in the morning, we discussed the stock market. Why should we discuss the stock market?

Although the stock market in Shanghai has been criticized by people since its inception. It has various problems and people will criticize it as long as it loses money.

  But in fact, the stock market is still very important. As an important part of a country's economy, the stock market has an important impact on a country's economic development.

 The first is the importance of the stock market to a country's economy. As an important part of a country's economy, the stock market has an important impact on a country's economic development. The rise and fall of the stock market will have a certain impact on the national economy.

 When the stock market rises sharply, it will attract more investors to invest to a certain extent, so that listed companies can raise more funds.

 The cost of financing will also decrease, thus promoting the development of listed companies and indirectly promoting social and economic development. In addition, the stock market can also reflect a country's economy, and a prosperous stock market expresses the healthy development of the macroeconomy.

 The stock market is good, which means that the country’s macroeconomics is also optimistic.

  Secondly, the status of the stock market can be reflected by the size and market value of the stock market. The size of the stock market refers to the total number and market value of listed companies in the stock market, while the market capitalization of the stock market refers to the total market value of all listed companies in the stock market. When the size and market value of the stock market are larger, it means that the stock market has a higher status in the national economy.

 Furthermore, the stock market is an important channel for enterprises to raise production capital. Issuing stocks can not only quickly obtain the required production capital, but also can be used for a long time without the need to return the principal, thus meeting the growing capital needs of companies. This can not only absorb a large amount of domestic capital, but also a considerable amount of foreign capital.

 Starting from small aspects, the stock market can reflect the true operating status of the company. The price of stocks in the market mainly depends on the economic benefits of the company and the development trend of the company. If a company's economic performance is good, its stock price will generally be high. This kind of information is helpful for joint-stock enterprises to establish and improve self-discipline and self-development operation and management mechanisms.

 The advertising effect on the enterprise itself. Seeking advantages and avoiding disadvantages is a common characteristic of living things. Under normal circumstances, investors will obtain various information through the stock market. In this process, the information of various listed companies is continuously disseminated, and at the same time it also plays a passive propaganda role.

 The last step is to optimize resource allocation. The optimized resource allocation function of the stock market is achieved through primary market financing and secondary market stock flows. The stock market can improve economic efficiency, enhance its social responsibility in issuing stocks, and attract investment flows.

There is now the Magic City Stock Exchange in China. This is the earliest stock exchange established. It was established in 1990, followed closely by the Pengcheng Exchange, which was only one month apart. The time was also in 1990.

 These are now the two stock exchanges in the mainland. As for the Hong Kong Stock Exchange, it is considered a corporate system and is somewhat similar to the Beijing Stock Exchange that was later established in China.

At this time, the main domestic sector was the Modu Exchange. The Modu Exchange was actually established at about the same time as the Pengcheng Exchange. Logically speaking, the two exchanges should be similar, but in fact at this time, Pengcheng Exchange The City Exchange is still much inferior to the Magic City Exchange.

The reason is that in the past, Pengcheng Exchange was preparing for the GEM and suspended the listing of new stocks. As an exchange, the more companies listed on your place, the more active the market will be and the more influential it will be. But the listing of new stocks Once it stopped, it stopped for 4 years.

The year before last, that is, in 2005, Pengcheng Exchange finally opened up. In order to make up for the four years lost by Pengcheng Exchange, regulations were introduced. As for those with a share capital of less than 100 million, you It is listed on the Pengcheng Exchange, with a share capital of more than 100 million, and is listed on the Magic City Exchange.

  However, in the past two years, it was the time when large state-owned enterprises were listed, so most of the listed companies were suitable for listing on the Magic City Exchange, so the Pengcheng Exchange continued to be lonely. Anyway, there are a lot of regulations issued here. Jiang Xiaobai knows that in two years, new regulations will be issued. With 80 million share capital as the limit, those with 80 million and above must be listed on the Shanghai Stock Exchange. Shangxia is listed on Pengcheng Exchange.

 In the middle, you can choose freely.

 It was not until one or four years that these messy regulations were abolished, and companies were able to make their own choices freely.

The two exchanges started together, and there were fights in the middle. Anyway, the Magic City Exchange won, but the victory was not too glorious.

Of course, at this time, Jiang Xiaobai and others are not discussing who loses or wins, but the next trend of the domestic stock market.

 Previously, the Shanghai Composite Index actually fell to 600 points, which caused people to panic. Now, the Shanghai Composite Index has returned to 2,000 points, which can give everyone some comfort.

But how the stock market will go next is what everyone is concerned about. If the stock market is prosperous, the listed companies can get more funds from the stock market, especially now that after the share reform, the shares in our hands can be traded on the market. circulated.

 In the past, it was quite troublesome to turn the shares in your hands into money, but now it is easy, just throw it on the secondary market.

 So this is also the reason why everyone is unclear about the future of the stock market.

"This share-trading reform started in the first half of last year, and now, one after another, these companies have completed the reform. As for the lock-up period this year, many companies will be open to business next year. Already…”

Director Lu said with some worry, this point resonated with everyone. In fact, at this time, the Shanghai Composite Index, taking advantage of the previous boom in bank stocks, has returned to 2,000 points. For confidence in the stock market, It's a big boost.

But after this, many listed companies that have completed shareholding reforms, after these shareholders have obtained the circulation rights of their stocks, some of them will inevitably put them on the secondary market. This will be major bad news at that time. Maybe it will cause some kind of disturbance.

Of course, for everyone here, they still don’t want such a thing to happen. After all, they are all leading domestic private companies. Only when the general environment improves can they develop rapidly and take advantage of the stock market. , continue to rise to a higher level.

 (End of this chapter)