**Connecting the pockets of thousands of households, especially middle-class families. In the past two years, there has been a relatively large and continuous adjustment in the market, and the confidence of middle-class families in future consumption and investment has been hit by a relatively large blow.
So, how do you build an effective market?Today, the whole society is highly concerned, and on the other hand, there are different opinions.
In Brother Dao's view, in order to establish an effective and healthy active capital market, it is necessary to realize the transformation of the two functions of the capital market.
First, in the past, it was overemphasized that it is a financing market, and it is necessary to shift from this concept to taking into account that it is an investment market, and even the function of the investment market is higher than the definition of financing and the place of financing.
We have a saying that "ask the canal to be as clear as it is, for there is a source of living water"?Imagine if in such a capital market, the interests of investors and financiers are inconsistent or even opposed, then after a long time, investors will eventually wake up. When investors are all picky and lying flat, I am afraid that the function of financing in the end will also be lost.
We have seen that the definition of the capital market, whether it is the various documents of the state on the establishment of the capital market, including the recent ** financial work conference, only emphasizes its function as a financing hub. The function of the financing hub is an indirect financing that extends from the debts that need to be repaid in the past commercial banks. However, there is little emphasis on the construction of the market from the perspective of investment. Brother Dao believes that this is the first transformation that needs to be completed.
The second change is to serve both the real economy and the virtual economy. We often see in various documents, the definition of the market is to serve the real economy. Serving the real economy sounds right from a moral point of view.
But let's think about it from our own perspective, think from the perspective of interests, if the capital market only serves the real economy, does not serve the mass investors involved in the capital market, and also includes the families of the general public who buy **, and does not serve their future wealth growth, what is the point?
Today, China has entered a well-off country from the past stage of food and clothing, and the next goal is to enter a relatively high-income country. This means that more and more families are starting to have more surplus wealth in addition to being fed and clothed.
Add to this the fact that today's urban households, especially middle-class families, are increasingly owning real estate. And the house also constantly emphasizes that housing is not speculation. So the question is, when everyone adds this new wealth every year, where will the remaining wealth be placed when it satisfies the rest of the wealth except for food and clothing?
If people are no longer encouraged to invest in real estate and no longer use it as an investment product, then it is obviously impossible to put all the money in the bank to save. Isn't all the savings going to be cut leeks for a long time by inflation?
This requires us to refer to the path taken by those relatively developed economies, and we need to establish an effective market to become an important main battlefield for the sustainable growth of wealth in the future for the whole society, especially the groups above the middle class.
On the one hand, we have worked hard to earn wages and earn money in our jobs, and on the other hand, we will put it in the reservoir of the capital market, and you will find that every year your wealth is dying. It's hard to tell a story of wealth creation like this. It is a major flaw for the sustainable development of our individuals, our families, and the economy of the whole country.
Therefore, our best service should not only serve the real economy, but also serve the virtual economy, serve investors, and serve social wealth.
I believe that if our ** can complete these two major changes, then our ** will have hope.
We will hold the "Spring Ploughing: 2024 New Year's Private Meeting" on January 15, 2024, and the theme of the conference is ".Phoenix Nirvana, reborn from the ashes: welcome a new round of assets over and over again***”。The New Year's party will focus on macroeconomic trends at home and abroad, real estate, pro-cyclical, high-growth, low-valuation industry tracks in the capital market, and the mysterious "quantification" and so on.
Original data research, the perspective may surprise you, but at least it can bring new thinking and inspiration to your family's wealth. The strong never complain about the environment, but always accumulate strength and look for opportunities.
Spring ploughing: 2024 New Year's private party.
Theme] Phoenix Nirvana, Reborn from the Fire: Welcoming a New Round of Assets***
Time] January 15-20 (online sharing).
Draft Agenda] 1Fiscal easing and monetary loosening: China and the world are ushering in a new round of rising tide and lifting all boats.
2.Property Optimization Map: Be wary of a new round of house prices** and differentiation brewing.
3.Embracing Transformation: The technological revolution illuminates the fast lane of the future capital market.
4.Noji Tailai: Focus on pro-cyclical, high-growth, low-valuation core assets.
5.Follow the trend: big data and artificial intelligence change the financial ecology, and quantify the rise!
6.Answering.
Looking forward to your participation in 2024, you can send a private message to the "New Year's Party" to sign up.