To be honest, Li Ningyu’s understanding of securities is that he generally understands that securities are a collective term for various economic rights and interests. It is a written certificate that proves that the security holder has the right to obtain the rights and interests due according to the content stated on the face of the bond.
Securities can be circulated in the market, and the existence of securities has greatly enlivened finance, economy, and investment. Improper speculation in securities may lead to turmoil in the financial market.
Snoglau seemed to be waiting for Li Ningyu to absorb what he just said. After a pause, he continued: "In fact, the Dutch have so far realized that there are four main functions of the stock market. One of them is naturally to raise funds needed.
The second is to quickly optimize the allocation structure of resources. The third is to attract all the public to participate in management and promote the further reform and development of state-owned enterprises. The fourth is to bring long-term risks into short-term, diversify concentrated risks, and effectively
It is conducive to quickly gathering the scattered short-term funds of the people across the country into concentrated long-term huge funds!".
Hearing this, Li Ningyu nodded in agreement, but he also expressed some of his opinions by the way: "Yes, after the first stock exchange in world history was born in Amsterdam, as long as you are willing, you can
Shareholders of Indian companies can turn their stocks into cash at any time through the stock exchange. As far as I know, there are already more than 1,000 stockbrokers active on the Amsterdam Stock Exchange, although they have not yet
Wear red vests, but fixed trading seats have appeared. Amsterdam, a prosperous city, is precisely because it is the most active capital market in Europe. It is not only the Dutch who come to engage in stock trading, but also many foreigners.
People have traveled thousands of miles to come, and a large amount of dividend income has flowed into the treasury of the Dutch government, and of course into the pockets of ordinary Dutch people. From the British national debt alone, the Netherlands can obtain an income of more than 25 million Dutch guilders every year. According to the current value
Equivalent to 200 tons of silver!”.
"Yes, Mr. Li, what you said is correct at all!" Snoglau confirmed seriously.
Li Ningyu also waved his hands happily and said: "Haha, I know I am trying to trick the class, but only through communication can everyone understand each other better!".
"Hahaha!" After saying this, the three people in the room couldn't help laughing at the same time.
"With the evolution of time and the advancement of perfection, the current securities market has mainly become a place for the issuance and trading of securities. From a popular level, the securities market is the sum of all trading relationships targeting securities, but from an economic perspective
From a scientific point of view, the securities market can be defined as a new trading mechanism that ultimately determines the price of securities through free competition and based on the relationship between supply and demand!" Snograw seemed to have a lot of knowledge about securities.
He loved it so much that he unknowingly began to share his insights again.
Li Ningyu also kept echoing: "Yes, in the market economy of any developed country, the securities market is an important part of the entire market system. Securities can not only reflect and regulate the high-speed movement of monetary funds, but also
And it can have a decisive and important impact on the operation of the entire economy!”.
As soon as Li Ningyu finished speaking, Snowglau followed closely and said: "Yes, securities are first of all a bridge between fund suppliers and fund demanders, providing a regular and unified market in the securities market, making
All securities issuers and securities buyers, as well as securities transferors and intermediaries, work together to connect this market, which ultimately leads to the convenient issuance and circulation of securities, and some unexpected connections can also be achieved!"
Li Ningyu also immediately added this time: "Not only that, another channel for enterprises in the entire securities market to raise social funds is bank savings deposits. Since ordinary enterprises cannot operate deposit business and financial trust business,
Therefore, in addition to the securities market, their channels for absorbing funds can only be obtained through banks and financial trust companies. Therefore, the securities market provides an important channel for general enterprises to directly raise funds from the public. Any company can issue stocks or corporate bonds through
Ways to absorb part of social funds into the production field!".
Seeing the two talking about this, Helena on the side couldn't help but join in and said: "Securities trading also provides the government with an adjustment lever for open market operations. Securities transactions in all securities markets can gradually use many
It is measured by indicators. One of the indicators is security income and security price. According to the professional terminology of securities, it is called security rate of return. The high or low of this indicator has a considerable impact on the changes in other factors in the entire financial market. The government also
You can buy and sell government bonds in the securities market to affect the securities interest rates in the entire securities market, just like the country's central bank adjusts the rediscount rate to affect the discount rate of commercial banks. This becomes the government's indirect regulation of financial services.
Leverage of industry!”.
Snoglau seemed to be a little obsessed with the securities industry. After hearing that Queen Helena of the Netherlands had not given a comprehensive explanation, he immediately said rudely: "It seems that Her Majesty the Queen also has a certain understanding of the securities market.
But I still want to add something!”.
In this regard, Li Ningyu liked Snoglau even more, because only by concentrating can a person become an expert.
“In fact, in the adjustment process of reallocation of social funds, both securities institutions and investors are ultimately very sensitive to the returns on securities, and the return on securities is largely determined by the economic benefits of a company.
Therefore, on the Amsterdam Exchange, many companies with high economic returns have more investors in their securities, and such securities are also very actively traded in the market. On the contrary, for companies with poor economic returns, securities investors seem to be becoming more and more
The fewer there are, the less prosperous the transactions in the market will be. Therefore, most of society’s funds will automatically flow to enterprises with good economic returns and stay away from enterprises with poor returns!”
"Therefore, such natural flows cannot be controlled by the government, which also allows social funds to be reallocated. However, on the other hand, the securities market is interconnected with other financial markets. When money is loose in society, a large amount of hot money automatically flows to the securities market.
, then transactions will naturally become extremely active, which will inevitably attract more idle hot money in society. The cost of issuing securities will be greatly reduced, and corporate financing will be quick and convenient. On the contrary, money will tighten in society and the securities market will
Funds will flow into banks, and the cost for companies to issue securities will naturally increase, and the scale of investment will be relatively reduced. Therefore, sometimes changes in the supply and demand relationship in the securities market can also be self-regulating!"
But when talking about this, Li Ningyu finally added: "At the same time, in different countries and under different cultural backgrounds, the supply and demand relationship in the financial market is also different. At the same time, it will inevitably lead to different prices in the market, so a lot of funds will be in different countries."
Frequent flows between financial markets!”.
The three people's free talk lasted for about three hours. Later, if it were not for time, Li Ningyu would have continued chatting with Snoglau. However, at the end, Li Ningyu still sent out an invitation, hoping that Snoglau could
He took his group of outstanding securities managers to Asia and helped establish the first securities exchange in the Far East.
Although Snoglau did not refuse immediately, he did not agree immediately. In the end, he bluntly told Li Ningyu that he needed to discuss it with his partners, and Li Ningyu readily gave three days.
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