Due to the relative isolation of the capital market, the "firewall" that worked when the Asian financial crisis broke out is still in play.

Because of the lazy government of the banking system, our banks did not buy many times of loan securities before, so when the whole world was in a state of restlessness and the financial systems of various countries were a little chaotic, the country seemed to have a good time at this time.

Although in the long run, the chaos in the outside world will inevitably have an impact on us, for example, Feng Yiping mentioned at a relevant meeting, because the European and American economies were damaged in this crisis, the demand inevitably weakened and its impact on our exports.

However, due to the timeliness of foreign trade, the current production tasks in many factories still come from the orders we had negotiated before, and the related impact will not be revealed in a few months or next year.

The depreciation of some currencies will have a negative impact on the country in a large way. For example, the foreign debt we hold and some investments are our international competitiveness in the long run, but for ordinary people, the RMB is relatively valuable, which is also a good thing.

Especially those who are planning to travel abroad next, they are already planning to buy more things they like for the same money...

Some people with relevant knowledge are wondering at this time whether the hot money invested in Europe and the United States will turn to other emerging markets because of the current situation?

And our domestic stock market, which still looks hot, is a good place to go!

So, it seems that the wave of domestic stock market will continue. Well, it seems that you can buy more stocks...

It can be said that in recent days, for ordinary people in China, while watching central banks in various countries frivolously put out fires, there was a thought in their hearts that gradually became clearer again, that is, our system is really superior.

In fact, the domestic financial system is not calm at this time, and assets related to subprime mortgages have been sorted out.

Many industry insiders are optimistic about the relevant results, because the majority of American mortgage securities held by domestic banks are concentrated in two houses in the United States, namely Fannie Mae and Freddie Mae.

Although Freddie Mac and Fannie Mac are private listed companies, they are quite different from ordinary American private listed companies. They enjoy special rights, including exemption from various federal and state government taxes, and enjoy more than billions of dollars in credit support from the U.S. Treasury Department.

Judging from these characteristics, these two companies also have a little bit of the flavor of state-owned enterprises.

It was a bit like our telecommunications and mobile phones. At the beginning, there was only one Fannie Mae. Later, the US Congress felt that this was not good and there was no competition. So in 1970, 32 years after Fannie Mae was established, Freddie Mae was established again.

Their main business is to purchase housing mortgage loans from mortgage companies, banks and other lending institutions, and securitize some of the housing mortgage loans and sell them to other investors... to revitalize the liquidity of bank assets, buy bank mortgage loans, and then resell them to other investors... In short, these two companies actually have the same role as the Federal Reserve.

So for many domestic industry insiders, the securities of these two companies are essentially close to the US Treasury bonds, because they can be said to be supported by the US government behind them.

However, although everyone is optimistic about the US mortgage securities they hold, this does not mean that they are very happy at this time.

Looking at the dynamics abroad and looking at the foreign peers who were struggling and at a loss at this time, they also felt a little chill.

Things hurt their species, and lips lose their teeth and cold. This is the common feature of most of us.

At the same time, various analytical and predictive meetings are held constantly, often like this. It is not easy to draw experience from other people's success, but it is not difficult to draw experience from other people's failures.

Whether it is our capital market or our real estate market, we must always move forward, and in the future, we may not encounter similar situations. This storm that swept across Europe and the United States provides us with a rare reference.

How rare is it? Just look at the huge amount of rescue funds invested by countries around the world these days.

And while doing these things, a person's name will often appear in their hearts.

Those who originally read the article signed by Feng Yiping, a person who wrote the article written by Feng Yiping in the January 2007 issue of "Front Frontier" as a joke, then they dug out the magazine from all over the place.

In their opinion, those views and arguments that were simply jokes now seem to be gags, but now they are all a bit deafening and deafening after reading them all.

Feng Yiping!

Although he came to the relevant conclusion only a few months earlier than most people, these few months are an insurmountable gap.

The people in the ditch are bustling with people, wearing some powder and wearing high hats, can be called experts.

And the one on the other side of the gobow who looked gentle and was not afraid of favor and disgrace was the big shot or genius!

At this time, people with higher levels finally turned their attention away from Feng Yiping's hat as the richest man on his head and went to see another crown on Feng Yiping's head, a world-renowned scholar!

As the relevant situation became clearer, they saw the report Feng Yiping submitted through Teacher Zhou. After reading it, no matter what the position of these people were, they only had two big words about Feng Yiping, "I admire it!"

In these days, on TV, on the Internet, on newspapers, and on magazines... everyone has seen many experts who are confident in talking about some hot issues, but those guys are just fooling the people. Who dares to put their conclusions on it with confidence?

That's a very big risk.

From the perspective of these people who read the report, submitting such a report is a matter of taking great political risks.

Feng Yiping and his businessman did not have to intervene in this matter at all. As long as he could take his company and survive the crisis safely, his image, his reputation... nothing he had will be affected.

But he just poked his judgment into the sky, and it seems that the reason why he solemnly published such articles in "Front Frontier" at the beginning of the year was probably to lay the foundation for this report.

A businessman was so determined and desperate about such matters, which made these officials who were good at calculating and good at weighing trade-offs still touched some in his heart.

It also reminded many of them that were so old that they were very strange, such as beliefs, ideals...

In fact, most of them saw abridged version of the report. If they saw Feng Yiping in the report, they even predicted that a regional conflict would be supported by the United States against Russia, many of their glasses would probably fall to the ground.

Relatively speaking, Teacher Zhou was not so shocked at this time, and he didn't have so much time to sigh.

Although we are currently out of trouble to a certain extent, today, with the increasing degree of globalization and increasing economic dependence, as a de facto economic power, we cannot really stay out of trouble.

Especially, considering that both the United States and Europe are our main trade objects, especially the United States and our main source of surplus, as a responsible major power, we cannot stand by and watch in the face of such a global crisis.

For example, Teacher Zhou, who had had a few long talks with Feng Yiping, has recently been busy attending various international conferences and discussing strategies to resolve this crisis with colleagues around the world, and has also thought of other problems.

He feels that the bonds of two-bedroom houses held by domestic financial institutions do not seem so foolproof. It is naturally the best to sell them now, but considering the possible impact of doing so, it is like pouring a bucket of oil into the already-burning US mortgage securities market. Such a proposal can only be put on hold now.

However, how to ensure that the US government ensures the interests of our investment in two houses through the talks is already in preparation.

On the other hand, he also saw a very intuitive data. After receiving the reminder from the central bank, it was mainly our bank's overseas institutions. After relatively tightening the approval of loans, so far, it has reached more than one billion US dollars.

Although he agreed with Feng Yiping's point of view and felt that the storm was far from over, whenever he thought of the above, he always considered whether to award Feng Yiping a medal, or a medal, after everything was settled?

Speaking of which, he didn't know what Feng Yiping was doing now...
Chapter completed!