Chapter 248 Stay Away from False Cycles and Get Close to True Cycles
These days, Li Feng felt like he was suffering from lovesickness. If he didn't hear the top leaders' speeches about the capital market for one day or two, he would feel very anxious and uneasy.
Today, after two days of silence, some news finally came that made Li Feng somewhat excited.
Financial Information:
First: People's Daily (the mouthpiece of the Party) published an article entitled "Adhere to the general working tone of seeking progress while maintaining stability."
The article is signed by the Office of the China Financial Futures Commission and the Theoretical Study Group of the China Financial Futures Commission. The article requires "taking the path of financial development with Chinese characteristics" and "financial supervision is a key institutional design for preventing and controlling financial risks, governing financial chaos, and regulating financial order." The overall policy should be "seeking progress while maintaining stability" and "establishing first and then breaking down." In terms of supervision, it should be "having fangs and thorns" and "resolutely drawing the sword."
The article was published on the front page of the People's Daily A10 Economic Edition, providing high-level guidance for future financial work.
This is another time that the top leadership has published a major interpretation in important media after convening the Central Financial Conference and issuing the "Nine National Policies". It is also a spur to the implementation of specific policies (did they encounter resistance?).
In building a strong financial nation, financial supervision is of paramount importance, and for this reason, one of the "Nine Articles of the State" specifically emphasizes this.
It is conceivable that in the process of promoting the supervision of the financial industry, various problems will be encountered, including both chronic diseases caused by the influence of European and American financial concepts and new diseases with Chinese characteristics. Various resistances and pressures will be encountered. It can be said that it is very arduous and complicated, and it will not be solved overnight.
In this game without the smoke of gunpowder and unknown to outsiders, there will be resistance, struggle, and compromise.
The ultimate goal is to "build a high-quality capital market that matches a financial powerhouse" by "the middle of this century."
I believe that by then, a large number of large banks and investment banks that are influential internationally will emerge in my country.
The PE ratios of today's securities firms are not too high, and some of their business models are quite unique, so many big and small Vs have bought some.
However, I didn't buy it.
Because, with the industry turmoil brought about by strict regulation, I don’t know who will win in the future. Since I know the risk is there, I will definitely not use my own real money to gamble on this possibility.
When investing, you must stay away from all kinds of uncertainties.
Do more subtraction and less addition.
Second: The first batch of spot cryptocurrency ETFs (Bitcoin ETF, Ethereum ETF) have been officially approved and are expected to be listed on the Hong Kong Stock Exchange on April 30.
Regarding cryptocurrencies, the central bank expressed its position as early as September 2021 by issuing the "Notice on Further Preventing and Dealing with the Risks of Virtual Currency Transaction Speculation."
The article bluntly states that "virtual currency does not have the same legal status as legal currency", "virtual currency-related business activities are illegal financial activities", "overseas virtual currency exchanges providing services to residents in my country through the Internet are also illegal financial activities", and "there are legal risks in participating in virtual currency investment and trading activities."
These fund companies really don't do their job, but they learn trivial things very quickly.
The US just approved the Bitcoin ETF at the beginning of the year, and now they are following suit and trying to make money.
However, the domestic leeks will not be cut for you, nor will they allow you to cut them. If you want to cut them, then go to the Hong Kong stock market and cut them based on your ability and luck.
Bitcoin is a big bubble that is blown intentionally. It can be regarded as the Clivia bubble that emerged in my country back then, or the tulip bubble that emerged abroad back then.
It’s just that this time Bitcoin is shrouded in a high-tech halo and tells a new story. The issuance of the ETF this time is like issuing a Clivia (Tulip) ETF.
In the final analysis, it is easy to make quick money and it is easy to exploit the leeks.
This kind of "departure from reality and into virtuality" behavior is currently strictly prohibited in China and even needs to be severely cracked down. If you want to reap the benefits, please go abroad. You can reap as many benefits as you want abroad.
Similarly, the same principle applies to many industries and sectors (games, education and training, culture, online finance, etc.).
It is strictly regulated in the country and may not even be allowed to be carried out, but you can go overseas and reap the benefits of foreign businesses at will.
Third: The construction schedule of the International Lunar Research Station is released.
The construction of the scientific research station is divided into two steps. Before 2035, comprehensive supporting facilities will be built with the South Pole of the Moon as the center. Before 2045, equipment and facilities will be built with the lunar orbital station as the hub.
The plan for the future is to land on the moon in 2030.
Landing on the moon and building a lunar scientific research station may seem like purely scientific exploration and practical activities, but they have a huge impact on the international situation.
To this day, many Chinese people, and even more friends in Asia, Africa, and Asia, still have a deep impression of the power of the United States, which has given rise to a unique human psychology of admiring strength.
This led to the psychological conversion of this group of people, the resulting transfer of wealth, and even tribute, forming an inherent mindset that "the moon is rounder in foreign countries."
To this end, they will consider transferring wealth, thinking about immigration, and even resorting to online methods to seek to integrate into the powerful image in their hearts.
Of course, the final result was that it was eaten by tigers and leopards until nothing was left.
Because, what they advocate over there is the law of the jungle and what they abide by is the nomadic culture of fishing and hunting. In their eyes, foreign races are just the best blood food. They are like infinitely multiplying cancer and infinitely growing capital, gnawing at everything until it collapses and dies, just like the short-lived Mongol Yuan Dynasty.
But, lies are lies after all. What is false cannot become true, and what is true cannot become false.
Relying solely on deception will not last long. In this world, only open conspiracy is the right way.
After browsing the news, A-shares opened.
In the short term, the market situation is a madman, but in the long term, it is like a scale where good things float up and bad things sink down.
Today, the Shanghai Composite Index opened low and ended high, with strong cyclical stocks diverging, copper weak and aluminum strong...
If you do the math, the Shanghai Composite Index has been fluctuating between 2635 and 3100 for a full six months since October last year, almost like a sandwich.
This boring and uninteresting trend has driven away many investors, and it is unknown when the Shanghai Composite Index will truly reach 3,100 points.
Someone is in a hurry.
But Li Feng was not in a hurry at all.
Because he believes that time is on his side, and as time goes by, things in the future will become reality step by step.
Staying away from false cycles and getting close to real cycles is the right way and the path to investment.
I've been working on this for the whole morning, over three hours. It's pretty good, isn't it? Guys, get started and get some money from Tomato. At least, it's all for the love of it, right?
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