Chen Jie and Lin Hai, the current general manager of Infinite Securities, immediately went to Baijing to attend the meeting the day after receiving the news.

Fukai Building, No. 19, Financial Street, Chengxi District.

In a large conference room of the Securities Regulatory Commission, institutional representatives arrived one after another and sat down at the location with the corresponding nameplate.

Shang Fulin, then chairman of the China Securities Regulatory Commission, announced the official start of the meeting.

"First of all, thank you all for taking time out of your busy schedule to attend this meeting. As for the theme of this meeting, everyone must have known it in advance, so I won't say more here."

"I just want to ask everyone here, do you have any plans to enter the market on a large scale in the near future?"

....

At the beginning of 2005, the A-share market was still rising slightly.

However, no one could have imagined that after the split-share structure reform was launched at the end of April 2005, the stock market would plummet.

The Shanghai Composite Index fell to the 1,000-point mark and was sealed across the board.

Compared with the prosperous and rapidly growing real economy, the downturn in the financial market is undoubtedly a slap in the face to all investors.

The continuous decline of the Shanghai Composite Index has caused most investors to stay away from the market, making it very difficult for listed companies to raise funds.

Restoring market confidence and saving the financial economy have become the current top priorities for the China Securities Regulatory Commission.

This time, a total of twenty-three organizations were notified to attend the meeting.

They all have extremely high influence in the Chinese capital market. It can even be said very bluntly that the resources controlled by these institutions can easily influence the market trends in normal times, thus triggering the "sector rotation effect."

It can further promote the gradual rise of the market or a correction.

It is the absolute "main force" in the eyes of ordinary investors.

But in a real bear market, even the main players will not be stupid enough to go against the current trend of the market. Not only will this not help, but it may also capsize the giant ship.

They understand better than anyone else the principle of taking advantage of the situation and going with the flow.

Therefore, when Shang Fulin asked if he had any plans to enter the market, everyone was silent.

The atmosphere in the conference room even became a little solemn.

Saving the market is not easy. This requires spending real money. It does not mean that you can reverse the situation by saying a few words or issuing a few so-called favorable policies.

Market sentiment has always been a very complex thing.

After four long years of bear market, institutions have been deeply hurt, and some well-known large brokerage firms have gone bankrupt due to serious losses in entrusted financial management.

Nowadays, almost everyone talks about the change in the stock market, which fully illustrates how difficult it is to invest in reverse.

Seeing that no one spoke, Shang Fulin seemed to have expected it.

He picked up a plan he had prepared in advance and planned to take advantage of the crowds to discuss the details, and then ask the major institutions to cooperate and finally implement it.

However, at this moment, whispers suddenly came from a corner of the conference room.

"I said that the disadvantage of full circulation is that it triggers fear of stock supply and demand. In fact, in the long run, this is unlikely to happen..."

"What you said makes sense. The selling will decrease significantly after a period of time. By that time..."

.....

When the two of them talked about the key points, they couldn't help but feel a little superior, and their voices unconsciously became louder.

They haven't realized it yet.

Everyone in the conference room has already focused their attention on them.

"Ahem, Chen Jie, Wang Guobin, if you have any opinions, you should put them forward on the spot. Don't discuss them in private. Our meeting this time is to solve the problem."

Shang Fulin followed the sound and quickly discovered the source of the sound.

I saw Chen Jie with his right hand on the conference table, leaning sideways, lowering his head and exchanging his recent experience of the market with a man of similar age.

While talking, he also used a pen to write something on the notepad.

Lin Hai, who was sitting nearby, couldn't help but remind him several times, but it had no effect.

Chen Jie suddenly heard someone calling his name, and subconsciously raised his head and said, "What? Are you calling me?"

"Hahaha...."

A burst of light laughter soon erupted in the conference room.

Being watched by so many people made Chen Jie feel a little embarrassed even though he was very thick-skinned.

But soon, he adjusted his sitting posture, took a deep breath, and said: "Chairman Shang, Mr. Wang Guobin and I, after a very rational analysis, believe that the current stock market has reached its lowest point in the next twenty years."

As soon as his words came out, there was a huge wave of waves in the conference room.

Nowadays, there are many bearish voices from the outside world. Facing "Mr. Market", securities institutions most of the time adopt a very cautious attitude.

Moreover, you must know that standing in their position and in their capacity, any statement with "certainty" needs to be held accountable.

If an ordinary person said that the market has bottomed out and stated that it would be the trend in the next few years, everyone would just smile knowingly and regard it as arrogance.

But who is Chen Jie?

The person who turned the tide of the 1998 financial crisis, one of the top five on the Hurun Rich List, a leader in foreign investment, the president of Infinite Group, the general manager of a public fund...

There are many dazzling status titles, any one of them is of great importance.

Everyone had to pay attention to his words.

Li Jiange, chairman of China International Capital Corporation (CICC), was shocked when he heard this and immediately asked: "Mr. Chen, why do you dare to be so sure that the stock market has reached its lowest point?"

Chen Jie did not end at the beginning, but sorted out his thoughts a little, and said slowly: "I think it can be divided into the following three points. If there is anything wrong, please correct me."

"First, the share-trading reform has been launched. The consideration for the share reform of listed companies is 30% off, which is a very large subsidy for circulating shareholders."

This chapter is not over, please click on the next page to continue reading! "Although the market may bear a certain amount of selling pressure at first, the selling will decrease significantly after a period of time, and at that time, it will be the sellers who regret it."

"Moreover, Chairman Shang has also stated that there is no turning back. The reform will definitely persist and achieve success."

"Second, after four consecutive years of decline, the market has been extremely depressed, stock prices are very cheap, and many stocks already have considerable investment value."

"For example, Baosteel Co., Ltd. has promised to pay a dividend of 50 cents per share in the next three years. According to calculations, the rate of return is almost 6-8 points, which is higher than bank interest. What else is there to be afraid of?"

"And Baosteel is not my favorite stock yet. I'm just using this example to convince everyone."

"Third, after joining the WTO, China's economy has shown a good trend of rapid development. Although some industries were overheated in March last year and some adjustments were made, the overall impact on the economy was not big, and the fundamentals of the enterprises are also quite good.

"

"In addition, the current stock market has seriously deviated from the macroeconomics, so I dare to say that the stock market bottoming out and rebounding should be just around the corner."

"In the end, everyone was able to come together to participate in this meeting, which shows that several leaders have obvious determination to boost the stock market. I believe in the government's execution ability."

As soon as he finished speaking, Shang Fulin, chairman of the China Securities Regulatory Commission, who was sitting at the front, took the lead in applauding and said happily: "Chen Jie is right! The stock market of a thousand points has been seriously underestimated. Therefore, what we mean

Yes, I hope everyone can join forces to do more and revalue the market."

"Considering that the financial market environment has been relatively harsh in recent years, the central bank can provide everyone with loans for investment in the stock market, but it requires collateral."

"If there is a loss, each institution will bear it on its own."
Chapter completed!