They are all reborn, and the grandson is still a spare tire

"Yao Yuan, what are you going to do with the $3500 billion after it is transferred into the mainland financial market?"

"This is a huge amount of money. If it is not handled properly, it may have a certain impact on the mainland financial market."

Chairman Liu on the opposite side suddenly asked.

As the chairman of the China Banking Regulatory Commission, he is naturally very concerned about the stability of the financial market.

Not only him, but everyone else at the scene had the same problem.

As the question was asked, everyone looked at Yao Yuan to see how he would answer.

Yao Yuan nodded to Chairman Liu with a smile and responded immediately.

"The $3500 billion transferred into the mainland financial market is more than 28000 trillion yuan, which is indeed a huge amount of money."

"I have previously reported in detail to my superiors on the use and diversion of this huge amount of money, and they have generally agreed with the plan I proposed."

"Let me introduce this plan. I have decided to gradually invest $2000 billion of this huge sum of money into the stock market, injecting a lot of fresh blood into the A-share market."

"In the past year, the A-share market has fallen from a peak of 6100 points, and has lost nearly 70% of its market value. The loss of social wealth is huge, and almost all stockholders and institutions have suffered heavy losses."

"Our country does not have the problems of the subprime mortgage crisis. This crazy stock market crash is extremely abnormal, and social wealth should not evaporate in this way. It needs to be repaired urgently."

"In fact, the valuation of our listed companies should never be so low. The price-to-earnings ratio of many high-quality listed companies is only a few times, which is by no means a reflection of their true value."

"In other words, the value of our listed companies is seriously underestimated. The pricing given by the financial market does not reflect the true value, and a large-scale repricing is needed."

As soon as he said this, Chairman Shang of the China Securities Regulatory Commission interrupted with a beaming smile.

"I completely agree with what Yao Yuan said. Compared with listed companies in European and American stock markets, the valuations of our A-share listed companies are indeed very low and unreasonable."

"Or we can say that we are too cautious and have been controlling the valuation of listed companies to avoid the formation of asset bubbles, which may even be a bit too much."

"In addition, as Xiao Yao said, the stock market crash over the past year has caused huge losses in social wealth. This problem does exist and needs to be resolved as soon as possible so that investors can regain their confidence."

"Once the 2000 billion US dollars of Jiuye Investment Group is injected into the stock market, it will surely make the stock market take off, turn upward from the current low point, and quickly recover the lost ground..."

Following Chairman Shang, several other senior executives in the securities system also expressed their opinions.

They all strongly supported Yao Yuan's proposal to inject US$2000 billion into the A-share market to push up the stock market index.

Yao Yuan looked at them, smiled and continued:

"After the $2000 billion enters the A-share market, it can play a role in supporting the A-share market, prompting the A-share market to bottom out and rebound, and gradually recover its previous losses."

"In a sense, this is a process of value restoration. Most of the social wealth lost in the previous year's sharp drop will come back in this process of restoration."

"By then, many stockholders and institutions will have made back their previous losses, and our group will have converted a large amount of international investment surplus into many A-share listed company stocks, which will settle down. It can be said to be a win-win situation for both sides!"

"In this value restoration process, everything happens in the A-share market. It has little impact on the mainland financial markets outside the A-share market. Instead, it will play a very good stimulating role."

"Investors who make money in the stock market will inevitably spend part of it on consumption, buying many things they would not have been willing to buy before. This will in turn expand domestic demand and help economic development."

"The economic situation of many listed companies will also improve significantly, which will help them maintain normal production order and survive this global financial crisis, so as not to go bankrupt due to lack of funds."

"But there is a problem here. We must be vigilant. The A-share market is currently at a low point. We must be careful to prevent foreign capital from entering the A-share market to buy at the bottom. We cannot let foreign capital reap the benefits. That would be too unfair!"

"During this period, we might as well tighten the fence and strictly control the inflow of foreign capital into the A-share market. When the A-share market rises to 4,000 or 5,000 points, we can then allow foreign capital to enter the market and let them take over at high prices..."

Hearing this, everyone was stunned for a moment.

Immediately afterwards, the scene broke out into laughter.

"Hahaha"

Everybody started laughing, and they were all delighted.

When the laughter died down, Director Li of the State-owned Assets Supervision and Administration Commission suddenly asked with a smile:

"Yes, we have to guard against foreign investment coming in to buy at the bottom. We really can't let foreign investment reap all the benefits."

"What about us domestic financial institutions? Yao Yuan, can we enter the market and buy at the bottom?"

There is no doubt that this is a question that many people here want to ask, but are too embarrassed to ask.

It was only because Director Li and Yao Yuan were very familiar with each other that they didn't have too many taboos.

Yao Yuan looked at Director Li, smiled and nodded.

"Of course there is no problem. It is natural for our own financial institutions to enter the market and buy at the bottom. This is good for the entire A-share market."

"In my opinion, as long as the meat is rotten in the pot, anything is fine. We will refer to the market conditions and buy stocks at a reasonable price. We will not blindly chase high prices, nor will we deliberately suppress stock prices."

"Unlike in the international financial market, in the A-share market, our Jiuye Investment Group will become the most determined bull and the most resilient long-term investor"

"As long as we buy stocks with our own funds, we will only buy and not sell them for a long period of time in the foreseeable future. We will hold on to them firmly and earn profits from the growth of listed companies."

"We also have another goal, which is the issue of A-share pricing power. The pricing power of A-shares must be firmly in our own hands and cannot be influenced by the tiny bit of foreign capital in the market."

"We hold a large number of A-share stocks for a long time in order to stabilize the basic market and keep the A-share index at a reasonable position, so that it will no longer be affected and misled by foreign capital and fluctuate up and down."

Hearing this, everyone present had a flash of shock in their eyes.

No one expected that Yao Yuan would think so far ahead and target the pricing power of the A-share market.

The next moment, Vice President Wang said with great appreciation:

"What a good saying, the meat is rotten in the pot. This is a very good saying. Xiao Yao's vision is still as big as ever."

"You can rest assured, Yao Yuan, the actions of state-owned financial institutions in the A-share market will not change much compared to the past."

"As the financial crisis is about to come, the most important task for state-owned financial institutions is to respond to the financial crisis and promote the development of the national economy, rather than rushing into the stock market to buy at the bottom."

"The state will strongly support Jiuye Investment Group's move to enter the A-share market with huge capital to support the stock market, and will also provide you with various preferential treatment and conveniences."

Yao Yuan nodded to Vice President Wang and said politely:

"Thank you for the affirmation from the leaders and the strong support from the country. Supporting the national economic development is what our Jiuye Investment Group should do. National interests always come first."

"Next, let me talk about the use of the remaining $1500 billion. $1200 billion of it will be used for various industrial investments in the mainland, as well as to supplement the operating funds of the two headquarters in Beijing and Shanghai."

"The remaining $300 billion will be used as bold capital to encourage and support various forms of entrepreneurial programs, with a focus on supporting youth entrepreneurship and university graduates entrepreneurship. We will spare no effort."

Not surprisingly, these words once again drew exclamations.

"1500 billion US dollars will be used for industrial investment, including 300 billion US dollars of venture capital. What a huge sum!"

“Bold capital, this is the first time I’ve heard of this term. It’s very innovative, simple and easy to understand.”

“300 billion US dollars of bold capital is definitely the largest venture capital in China. Once this is implemented, it will definitely set off a big wave of entrepreneurship.”

While everyone was discussing this, the president of China Merchants Bank suddenly said:

"Yao Yuan, the financial crisis is about to break out. In this environment, isn't it too risky for you to invest 300 billion US dollars in venture capital?"

Yao Yuan looked at him, smiled and shook his head.

"I don't think so, Governor Ma. In my opinion, this global financial crisis is indeed a crisis for European and American countries, but for our country, it is a godsend opportunity for rapid rise, which must not be missed!"

"Once the financial crisis breaks out, our country's economy will inevitably be affected, and many people will even lose their jobs. Many newly graduated college students will not be able to find jobs. These are all problems we need to face."

"That's why I thought of taking out 300 billion US dollars as bold capital to support young people and college students in starting their own businesses, so that capable and daring young people can have more choices."

"No matter who starts a business, he has to buy production tools, rent an office space, hire employees, pay them wages, and provide them with insurance. One person can drive employment for a group of people, and can also drive production and consumption, and revitalize the economy."

"Even if you are just setting up a stall on the street alone, it can solve a person's employment and survival problems, make a small contribution to revitalizing the economy, and reduce some pressure on society. It has only benefits and no harm."

"We will fully support young people and college students in starting their own businesses. I can even say that I am prepared to lose all the $300 billion, so I proposed bold capital and am willing and able to bear this risk."

"As I said before, as long as the meat is rotten in the pot, the $300 billion will not be wasted. The actual situation is that the amount of funds driven by the $300 billion entering the market circulation may be more than ten times the $300 billion."

"The venture capital company under our group will strictly review all investment projects, and will track and guide the development of investment projects. We will even proactively hire a team of experts to provide guidance to entrepreneurs and help them expand the market, etc."

"Under such circumstances, given the intelligence and entrepreneurial passion of our country's young people, I don't believe that all entrepreneurial projects will fail. According to my estimation, if only one out of a hundred investment projects can succeed, we will not only not lose money, but can also make a lot of money."

"If some of the startups we invest in can produce future industry unicorns, perhaps just one unicorn company can allow us to recover $300 billion. It is precisely because of this possibility that we are willing to invest in the future!"

As soon as the words came out, the meeting room suddenly became quiet.

What a broad mind and spirit! Everyone is dazzled by it!

After a moment, Vice President Wang suddenly expressed his feelings sincerely.

“Investing in the future, that’s great!”