Hello everyone.
Today I would like to share with you a blockbuster news that concerns each of our money bags.
What is so important?
That is, China's financial market will be fully opened to the outside world.
That is to say, in the future, foreign capital can independently enter the Chinese market, and foreigners can hold 100% of the equity of our domestic banks and insurance institutions.
As soon as this news came out, it also blew up in an instant;
Isn't this the equivalent of giving the key to your own vault to a foreigner?
I'm afraid this is not luring the wolf into the house;
Everyone is worried about the country's economic security, what should we do?
Will foreign capital come in and empty our money?
Actually, I think it's unwarranted to worry.
Since the door is open to welcome customers, the top management must also be well thought out;
This should also be a move with great meaning.
So why did you choose to let go at this time?
It should be the time comes.
The opening up of the financial sector will come sooner or later.
Just like the opening up of the automobile field before, it is also slow, and gradually it is released.
The financial sector is no exception, but this time, the steps are faster and bigger.
To put it bluntly, our banking, insurance, and ** need some fresh blood to be active.
Only by being more open can capital be gathered and the economy rise steadily.
Financial opening-up is also a key step on the road to becoming a financial power.
Or do some people think it's not very risky to let go so suddenly?
In fact, you don't have to worry too much, just because you let it go doesn't mean that there are no rules.
Foreign capital must also come in according to our rules.
Besides, what really needs to be guarded against is often internal problems.
It's not that the wolves outside are scary, maybe it's the moths and cockroaches at home that are more troublesome.
The country's financial protection for so many years has sometimes become a hotbed of government and corruption;
If you are not careful, moths will breed.
Therefore, it is also good to bring in fresh air from outside and ventilate the financial market.
As soon as foreign capital comes, talk about the rules, and those unspoken rules and small actions may not work.
The market becomes fair, transparent, and allows everyone to play clearly.
The introduction of foreign capital this time is like stocking catfish in the market, activating the originally calm financial ecology.
Take a look at Alipay and WeChat, a small payment tool that directly stirred up the entire market;
That's the power of competition.
In the same way, there is the addition of foreign competition;
It can also force domestic financial institutions to improve their competitiveness;
Avoid the rigidity and backwardness caused by long-term lying and winning.
Moreover, the introduction of foreign capital is not just about giving vitality to the market;
It is also a valuable opportunity for learning and self-reflection.
The entry of foreign capital is not only the inflow of capital, but also the introduction of management experience and business innovation;
We can learn from the experience of internationalization and improve our competitiveness.
Take our banks as an example, although China's banks are big enough in the international arena now, they are not strong enough.
In other words, I am still a little fat, and I need to train my muscles again.
Compete with strong opponents, fight with boxing champions, and learn how to play;
Only in this way can you train your muscles to be strong, and your strength can become stronger and stronger.
Just like Huawei, it first defeated its opponents abroad, and then returned to the domestic market to become an absolute leader.
Do you remember our rare earth industry in the past?
At that time, it was also because of the introduction of foreign capital, which finally gave birth to our own purification technology and created a rare earth industry that truly belongs to China.
Therefore, openness is not only a challenge, but also a disguised incentive.
And don't underestimate the power of this opening;
It will not only help our renminbi go global, but also enhance our international status.
In the future, if foreign capital wants to invest in China, it has to be exchanged for ** yuan, right?
Therefore, with the entry of foreign capital, the use of the renminbi will also spread internationally.
According to the data, as of the end of last year, there were 888 foreign-funded banks in China, with assets of 386 trillion.
Insurance institutions also have a large handful, assets 24 trillion, with a market share of 10%.
What does this mean? It is useful to explain that openness is useful.
However, the internationalization of the renminbi is also a double-edged sword.
It can promote the RMB to go out, but it must also be careful to avoid risks and not let foreign capital lead the way.
Therefore, opening up is a technical job, and we have to tighten the faucet of supervision while opening up, so as not to let risks rush out with the flow.
If risks can be properly controlled, the economy should gradually improve;
When the market is open, the competition between financial institutions will become more and more fierce;
And when there are more competitors, consumers have a wider range of choices.
This kind of competition should be good for us consumers.
At that point, our Mortgage D interest rate may be lower.
And the decline in interest rates also means a reduction in costs for business owners in the real economy.
For us workers, it may mean that our wallets will become more bulging.
Therefore, the competition between foreign capital and local capital is actually a rare opportunity for us.
For China's private capital, this is also a good opportunity to show its strength.
Or Jack Ma sees it clearly:
The biggest risk is that there is no risk.
Without external competition, we will only stand still.
In the past, it is true that our market was relatively closed and our financial system was relatively thin.
Once the Western capitalists pour in, it is like a big fish eating a small fish;
It's easy to turn the market upside down.
But after decades of hard work and self-reinforcement, the current financial system has gradually matured;
I can finally try to deal with foreign capital.