1. Zhongzhi, Wanda, Wanda. All three companies have their own ways of making money.
Zhongzhi is known as the shadow bank of real estate enterprises. Wanda is a financial management company based in the real estate market, but also a behind-the-scenes financier, Wanda is deeply involved in commercial real estate, early with high debt, high leverage, but later more and more stable. In recent years, commercial real estate was once considered a safe haven. Real Estate Economics;Vanke is involved in real estate, but it is different from the radical line of Evergrande and Country Garden. The biography of Vanke's founder, Wang Shi, calls it "40 years of personal modernization" and alludes to the fact that there is a state and a company below.
Vanke is also a modern real estate company in the eyes of the public, and the label of a barbarian does not apply. Vanke has been operating steadily for a long time and focusing on cash management. Yu Liang, the current president of Vanke, made a statement on today's risks. Five years ago, when he raised his arms and shouted "thank you," Vanke owned a leading real estate company with state-owned approvals and investment credit. "There is trouble", then we can only draw one conclusion: there are no good people in this industry, this industry is crazy, and all in all, high leverage, high turnover and high debt are the root of all problems today. Big profits. Businesses forget their jobs, greed drives them to take risks, regulatory loopholes give them impunity, and when the industry collapses, it will inevitably lead to the collapse of the entire industry one after another. Four or five, the land is white like this. It's so clean again.
Second, the first big benefit was officially released in the early hours of this morning!
Recently, the market has continued to adjust, the center of gravity has continued to move downward, and although the North **50 Index has continued, the main board has obviously not stopped falling. It can be seen that the wait-and-see sentiment in the market is still relatively strong. However, in the recent process, the market has also entered an exciting phase:
On the one hand, with the sharp appreciation of the renminbi in stages, the recent trend of total return of northbound funds is obvious, which will help restore market sentiment and enhance confidenceOn the other hand, the PMI data was lower than expected, and the expectation of increased policy efforts increased, bringing expectations to the market;In addition, on Friday, listed operating companies have entered the market to buy ETF products of a number of publicly offered ** companies. According to China Financial News on December 1, a state-owned operating company entered the market today to buy ETF products of a number of publicly offered companies. Most of the ETF products purchased are products that track a physical index. Judging from the intraday trading on December 1, the trading volume of many central enterprise index ETFs increased significantly.
3. The Shanghai Stock Exchange held a symposium on the real estate industry, stating that it would support the reasonable financing and M&A needs of real estate enterprises with diversified ownership without discrimination.
Compared with bank money, **'s money does not need to repay principal and interest, and the effect of "bailing out the market" is definitely better.
Fourth, there are two big things happening on Friday!The national team entered the field to protect the market, Huijin also entered, and A-shares** closed higher.
The sell-off of domestic institutions is the biggest pressure on the current market, especially a wave of redemption that has a great impact on the market. In addition, foreign capital has also been sold off, resulting in a loss of liquidity in the market. Market competition leads to a downward trend in the market, forming a vicious circle. The market needs to take action, such as the national team entering the market to buy ETFs, etc.