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Chapter 462 Financial Opening: Turning Enemies into Friends for My Use

Jiang Gan flipped his notebook and coughed: "Lord, this news title is very difficult to understand. Even if you finish reading the news, it is probably difficult to understand. Even if you are not professional financial personnel, it should not understand..."

Wang Qiang was amused and crying: "For me, the difficulty of news is the same. Anyway, I am confused, just read it."

Jiang Gannian said: "On June 12, Xinhuanet reported that "qfii, rqfii welcomes the benefits of reform again, and financial opening up to the outside world will take a step further."

Wang Qiang was shocked: "I'll just go! This title is really awesome. I don't know what you are talking about!"

Jiang Gan explained: "Qfii refers to the system of qualified overseas investors. In 2002, China joined To, and had to open up the financial market, but China did not dare to open up completely. It was the use of this qfii system, which was a temporary transition system. At that time, foreign capital could hold 30% of the shares of securities companies. Then in 2011, China joined various regulatory systems, also known as the rqfii system, which is also a pilot system."

Wang Qiang was still in a trunk.

Su Su smiled and said, "Anyway, this is something that professionals can understand. Brother Qiang, as a melon-eating crowd, just know that finance needs to be further opened up."

Wang Qiang frowned: "Financial supervision? Can you hehe?"

Su Su said lightly: "It is precisely because problems are constantly exposed that we need to continue reform."

Jiang Gan said again: "Then there is another corresponding news, which is actually talking about the same thing. This news should be easy to understand. On June 12, the Wall Street Journal reported that "foreign investment banks face new obstacles in China: net assets of 100 billion yuan are required, only a few are qualified." China promised to further open up the financial market and increase the foreign holding ratio of domestic securities companies from 49% to 51%, but required the net assets of majority shareholders to reach at least 100 billion yuan..."

Wang Qiang finally understood: "I'll just get it! 49% of foreign-owned holdings have become 51%? Isn't that just becoming a foreign-owned company?"

Su Su smiled and said, "What do you think about Brother Qiang?"

Wang Qiang was anxious: "What else can I think? Is there someone colluding with the enemy again?"

Su Su laughed: "Who dares to collude with such a big deal? China's financial opening has always been extremely cautious. Will it take action without absolute certainty?"

Wang Qiang said in confusion: "What kind of routine is this?"

Su Su said lightly: "Let foreign capital be the master! If he doesn't be the master, how could he serve China wholeheartedly?"

Wang Qiang was shocked: "Is this OK?"

Su Su nodded: "Did you see the 100 billion yuan threshold for the news? I know what this means?"

Wang Qiang frowned: "Who doesn't have 100 billion yuan when playing investment banking? This is also a threshold obstacle?"

Su Su laughed: "Brother Qiang, you are really not afraid of speaking. Chuan Jianguo's net worth is only a few billion US dollars... Well, Brother Qiang is right! However, this threshold blocks the small account that big players use specifically to make trouble."

Wang Qiang said in surprise: "Small trumpet?"

Su Su said in a deep voice: "Yes, it's not a big player to open thousands of small accounts in the securities market. Others think the stock market is booming? That's an illusion. They are all small accounts opened by big players to serve as child care to bring the wind. How to curb small accounts? Chinese web game merchants can do money-making. Therefore, in major matters such as company holding, all kinds of small bag companies responsible for causing trouble behind the scenes must be eliminated. China only recognizes those big players, and this is one of the regulatory methods."

"So after all, the only ones that can be taken in the world are Goldman Sachs, Morgan Stanley and other international capital consortiums. As mentioned earlier, the International Capital Group and the United States have not dealt with, and have formulated a long-term plan to abolish the US dollar, which is consistent with China's strategic route. So if they are masters, they will spare no effort to promote the internationalization of the RMB. If even a consortium cannot control, how can China face the sea of ​​stars?"

Only then did Wang Qiang understand: "I understand! This is turning enemies into friends and using them for my own use!"
Chapter completed!
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