程曉農專訪:2022哪四國牽動全球股市關鍵?中概股市值大蒸發 GAME OVER。美股大撒幣 副作用釀全球風暴。日股投資信心不足 泡沫經濟30年。中共收銀根 港股錢進內地大失血。220112
Hello everyone and welcome to the forefront of political and economic Uncensored see China host Zhang Honglin I thank you for joining us again in 2022, of course each year of a new beginning filled with hope we all have for this year, what will be the development of new prospects there are many assessment course of the past 2021 what happened with the review will also do some reflection we see countries from the beginning of 2020 have certainly had a significant impact but with some of the vaccine with the treatment of some sorts of ways to keep improving we found improvement in 2021 have a taste of this last feeling vengeful consumption so we see the whole development of the global economy nearly as high as 5.9% of national course were mixed Chinese American and Taiwan also known as 8 percent to 6 percent in Taiwan is 11 this year a new high in 2021 so it looks like the whole development is very vigorous but we know this as the end of last year to early this year Omicron this new virus also have a very significant impact on countries around the world in a recent news we can see in many countries began the so-called new highs this case lead to the diagnosis we do not know for the entire 2022 is to hold a more optimistic or is this also may have to come back to spend the entire epidemic swept so this is a test of each country leaders leaders how to face these new epidemic outbreaks course, these economic impact of these economic turn for the so-called anti-China forces have some kind of change did not produce I think we can take today to explore what we are very happy to invite we are also living in America to Chinese economist Dr. Cheng Xiaonong we welcome scholar Cheng teacher hello Ladies and gentlemen hello everyone thank our teacher Cheng fact, we talked about this part of the development of the economy of our audience which should also have a number of economic issues the part is also very concerned about the way the teacher is just a number of experts in this field, I think we can be seen from several faces in several key areas this year a number of a number of estimates on the economic development of that of course the United States of course, everyone is most concerned about Biden has raised a very important bill in a last hope to build a "bright future reconstruction" of a bill, but the bill now looks like we still face many challenges in some of the uncertainty that it is not able to it can be scheduled by the United States in the world economy is of course still play the leading role that some of course we are talking about inflation seems this has touched a new high of 40 years, we have seen interest rates contain QE also contains QE is likely to begin to do some of the exit part of everyone very worried that this trend Biden future development of some of America's entire economy will be how in another part of this year will be how the US economy is very concerned about everyone for this so-called friends of the Chinese attitude will not change this part of the process we also ask your teacher will probably be how to divide Analysis of how to treat it we look at a country's stock market should be the business of economic performance this reaction, of course also affected government policy then mention this first look at just host Biden took office after the first policy it is now almost epidemic aspects of the ruling 1 in the face of the fact that Biden is his term as the number of new viruses crown dead much higher than the Trump end of the year tenure on the United States last year as the number of deaths reached epidemic which killed 80 million people in the year 2020 either Trump is 380,005 thousand Biden first year of the epidemic to reduce the death toll was as high as 42 million people in some states there are some strange situations exposure in this regard is that Biden came to power after some hospitals and state governments would pay to the patient's family because of other causes of death of the patient so that the patient's family agreed to the non-epidemic of death statistics as lethal epidemic then so would cause the American people the incentive to manipulate the democratic regime epidemic data he is not trying to continue imposing postal ballots to rig an election to prepare for it in a lot of Republicans ruled the other is self-declared states have relaxed controls then after the outbreak was the result of deregulation after the epidemic has not deteriorated Biden is currently under three federal vaccination order but this order of business in several states by the court ruled ultra vires the White House requested additional medical personnel and employees of large companies vaccinations also accused it of this order to the Supreme Court began hearing on January 7, then this is also related to the federal government and the federal executive branch is not ultra vires issue in addition to the epidemic problem of Biden's other domestic policies also caused a lot of controversy Biden took office at the beginning of the Democratic Party by a whopping 1.9 trillion bailout bill
as the result of additional relief granted too much unemployment caused by the low-income population employment will decline but at the same time this industry shortage of economic policy also resulted in high inflation in November last year when the US price is more than the previous year's same month rose 6.8% the biggest increase since 1982, this spending is rising impact on family life US Federal reserve Bank chairman but is equivalent to the US Federal reserve's financial Zhongyangyinhang it is to develop the implementation of monetary policy and supervision of currency in circulation should be stable Bauer is very clear that if the US inflation remains high, then this is mainly due to government Biden Biden junk currency so after taking office that the Democratic Party had wanted the Fed to big government spending money thanks to this economic plan service Gordon even intend to nominate a socialist named Saule Omarova to serve as Comptroller General of the US Comptroller of the Currency Saule Omarova is professor of economics at Cornell University, he was publicly urged the United States to implement reform of the banking sector according to the national Bank of the Soviet model the end of September early October last year, "Wall Street Journal" has published three Bianji Bu comments expressed concern about the height of this attitude So why do so because Biden Biden and Democrats control of the US House domestic policy has a basic characteristic that is to use the left-wing political ideas to reform the country needs to transform society so there is a series of generous spending money in the economy Let's say they envisage to promote the green New Deal to go now troubled German green energy path that they want to change the existing health insurance system, trillions of dollars spent each year by the National health Insurance to cover the entire population, including mandatory checkpoints illegal immigrants into the United States they also want to expand the illegal immigrant population provide all the social benefits for illegal immigrants the right to vote and voters to change the structure of the ruling Democratic Party of establishment they want to imitate Roosevelt Daxing public works that learning Chinese Communist government borrowing base to engage on the basis of the vote for foreigners these accounting policies are conceived primarily made to the minority far-left Democratic Party is leftist in the White House on behalf of Harris, Vice President Joe Biden that building mode so all of these policy scenarios all depend on the infinite expansion of the fiscal deficit achieved since taking office a year democrats is this far-left democratic Party rely in his step coerced democratic moderates in the education sector as well as the proliferation of cultural Marxist thinking this far-left media continue to step policy toward the democratic Party in this country turn left, turn left and then the extreme left he was not concerned Guojishiwu not worry about excessive fiscal debt they prefer to rely on debt economic development of this model is the so-called debt more than worry about then this idea is from the post-Keynesian this modern monetary theory is to find the modern monetary theory this theory among a number of statements from the United States Daibiaorenwu modern monetary theory is called the Randall Wray his main point is to say that a country can borrow in domestic currency it will never be debt default and therefore the United States just print more dollars of debt in dollars will be able to pay off debts at the same time said he also believes that raising taxes can be avoided by this theory is the rise of inflation in the 1990s are small布希欧巴马big debt in December 2016, when Obama's departure left a debt of 20 trillion 4 trillion is George W. Bush caused 16 trillion Obama is causing so they are now rapidly rising prices in the United States began triggered discontent that led to the polls Biden significantly Biden fell as the Fed wants the administration to use the printing press of this attempt more and more difficult to implement the moderates among the Democrats there are more and more people began to sing a different tune recently had a Democratic senator man Chin is a West Virginia state he decisively and resolutely resisted pressure from within the Democratic Party of Biden large infrastructure investment plan to vote against it so that Biden would lead to a bright future for the reconstruction of the abortion bill there is no way in the Senate but also a dozen Democratic incumbent Congressman has announced that next year's mid-term elections when To quit the race so will result in the Democrats facing midterm elections debt crisis then for people who rely on this mode of economic development is also a lot of criticism of Democrats say Obama has for example a former Clinton economic adviser also served as finance minister he Lawrence H. Summers, called him to "Washington Post" Write a review of modern monetary theory say say this is voodoo economics parable he said politicians promise high economic divorced from the reality of modern monetary theory and say that is the road to disaster, so the current Federal Reserve will be the main Xi Baoer March last year, also told the Senate banking Committee, said he had for those countries in local currency debt of the idea of debt is not a problem in my opinion is a big mistake then from January this year, the Fed may tighten gradually buy Treasury bonds this scale may be mid-March before the end of the bond-buying plan epidemic period which led to the government will tighten fiscal junk bills practice another Fed may raise this year interest rates three times in order to curb inflation, but Biden came to power, after all, only one year of his domestic policy has been hampered by the business community so the impact is not big business and most American businesses are now beginning to adapt to the impact of the epidemic to develop a disease the number of bankrupt companies under normal operating mode is not much except that now the retail and catering is no way to fully restore performance than many technology research and development and software development-oriented enterprises to work in remote epidemic state is still keeping it in this business vitality case under the US stock market last year was the third year in a row the Dow rose and Nasidake index were up 19 percent this year and 22% for three years to achieve the best performance since 1999 then the beginning of last year, when accepting " the Wall Street Journal "survey of economists had predicted that the US economy in 2021 will grow by 3.7 percent last year, in fact, the US economy is likely to grow more than 5% unemployment rate is far lower than economists' expectations that this year the United States will begin to Biden economic policy is not just to pay the price and the inflation rate will continue to rise because the Fed will raise interest rates will affect the stock market the Fed to raise interest rates probably in March this year after the bond market at that time on short-term US Treasury yields will surge to climb but now the long-term US Treasury yields still remain below 2% long-term bond yields so low which will make borrowing costs the US economy will not rise rapidly but after the Federal Reserve will raise interest rates will rise bank lending rates make the US economy slowdown on corporate America's performance this year, many experts believe that corporate profits, said this year the stock market is still possible to achieve double-digit growth that under normal circumstances the Federal Reserve to raise interest rates this year has just begun generally good performance of the US economy so Biden wrong economic policy of the authorities to pay the price is not the time Biden will lead to the authorities in dealing with the threat of Chinese Communist Party in disarray so I think it is just the opposite if Biden Administration's economic policies Smooth sailing course, it is impossible assumption that he would be smooth sailing to the White House on how it affects the CPC policy if it smooth sailing Biden authorities of domestic policy he would let the White House decision-making circles in the Guojishiwu more extreme by the Democratic Party the influence of left-wing and far-left Democratic Party is ideologically pro-pro-Marxist so the failure of the American anti-communist allies Biden implementation of far-left Democratic Party policy is precisely the anti-communist allies of the gospel because when Biden administration in domestic matters across a packet may face mid-term elections next crisis will lose majority in the House of the situation on the domestic politics of his decision not to mistake because Guojishiwu further loss of points in order to keep it he would be more careful to respond to the CCP and he do not dare let do Panda hug happy to send things that Biden this past year authorities in dealing with the relationship between the Chinese Communist Party is so came to be this year, we can expect further Biden attention to domestic policy then on Guojishiwu will continue this carefully will continue under pressure from the US administration moderates in the Republican Party and the Democratic Party under the military direction of the case since last year that Chinese Communist Party's economic policy and downlink increasingly difficult for the US business community will embrace this continue to send panda ice water poured over their heads so I think by analyzing the teacher probably know some of the United States in this situation overall economic development in 2022 is probably still a lot of this is probably some variables worthy of our attention because, after all, the United States probably change will affect the world Some other very important economic development in a country that is we see the Japanese Nikkei index probably rose in about 5% compared to what we have just said at the beginning of the world's rough around 5.9%
lower than this of course is global these of course, the reference in particular their policy now is to rescue the so-called exit we see the depreciation of the Japanese yen during that period has been the heavy devaluation of about 10% of which is of course a very high proportion that a lot of foreign investment is also why this Some are optimistic about the development of Japan's teacher so that you see these economic conditions in Japan, how would you treat it this year, the Nikkei average rose mediocre chairpersons throughout the year is 4.9% belong to three consecutive years of annual increases its trend is relatively stable historical record Nikkei index was flat to 1989. At that time the economic bubble burst since has been reached after 38915 points for 32 years has been a fall after a slow climb now is 28791 points away from the highest point in history Nikkei index also very far last September, former Japanese Prime Minister Yoshihide Suga declared that he did not participate in the LDP presidential election so that when the Nikkei average stock price is rising fast but once rose to 30670 points came after Prime Minister Fumio Kishida Japanese stock market fell this reflects the impact of government policy on the stock market because Fumio Kishida is advocated redistribution of wealth to hike wages to raise capital gains tax so Since these policies is to belong to the new form Fumio Kishida Japan Zibenzhuyi say that this European stock markets rose significantly last year rose more than 2 percent of the US stock market that we have talked about Europe's pan-European stock market index rose 22.5% last year
in 2009 the second largest annual increase European banks and technology shares were outstanding rose 34% French CAC index rose 29% annual German DAX index rose by 15% compared to the year of the Nikkei index rose is very inferior why Japan's stock market is not so active it in 2021 real GDP growth in Japan is expected to be 2.6%, although the growth rate is not high but not too bad Japan's stock market slump is not entirely due to the difficult business but has its structural causes in Japan after the rapid economic growth period in Japan stock buyers for a buyer before the bubble economy period of three stocks mainly financial institutions and companies to exchange shares of the bubble economy collapse shareholding relationship with each other after the lifting of the disk access of overseas investors in recent 2 years the Bank of Japan and a number of pension fund management the use of such independent legal government agencies so now this role is waning support in buying Japanese stocks on the other hand there is a factor on the Japanese financial sector is fully liberalized Japanese investors can choose to invest in Japanese stocks or overseas stock then this is the case in the Japanese stock market's slow climb inside, especially in the case of the US stock market soaring in recent years, many Japanese investors are reluctant to buy Japanese equities, although the many Japanese more and more people tend to shift investment from savings but their hearts have a discontent that is why only Japanese stocks do not rise so their funds on the main to join the US-centric foreign stock and that happens in Japan the stock market is a blow to the outflow of funds are then Japanese stocks climb more slowly in turn led to overseas investors not to buy Japanese stocks so this way if more Japanese people to buy US stocks Japanese stocks become increasingly difficult which in turn leads to the rapid recovery of the United States the less investors to buy Japanese stocks so the Japanese Nomura Nomura Securities will have a product planning minister called Nakamura hope he is not to say that investors are funds to switch to feel the strongest global growth and now the United States by the Japanese APP dedicated stocks under a single simple as playing a game after just lying down can always go home sale in Japan and the international market is generally optimistic about the recovery of the Japanese economy more than Europe and Japan say foreign brokerages believe that the stock is now undervalued in stock state plus the inflation rate in Japan so the Japanese stock market performance this year is to be expected that it is listening to the teacher if such an analysis Japan is still a very important we talk about the development of the Japanese economy so some of it will also affect the Asian region as well as a Hong Kong we are very concerned that we have seen throughout this year in the beginning of the opening time include China Hengda immediately on this These included being hung stop the US Mission Chinese deft and so on are the same as the share price is almost down the middle so everyone will feel that Hong Kong seems to have been some very serious impact on this part of your teacher and ask how to analyze it after 1949, Hong Kong China has long been a transit point Duiwaimaoyi so when China's reform and opening to enter the second decade of Hong Kong, the role of foreign trade transit point but began to decline as the role of foreign financial centers frequently in and out of China has become the CCP but extremes meet more and more important as the Chinese financial capital activities in Hong Kong Hong Kong's economy increasingly active starting from Hong Kong into mainland has asked Hong Kong has asked the mainland before the handover to China in Hong Kong stock market capitalization among its owned shares account for only about 1 percent it is now ten years down the proportion had risen to 60% can speak the Hong Kong stock market has more than ten years ago, this continent in recent years of so-called Hong Kong and Shanghai has opened mainland through Hong Kong and Shenzhen through Hong Kong to Shenzhen Tong opened this money transfer channels so the continent south of the funds will be regularly thus forming said mainland capital to the Hong Kong stock market transfusion effect of funding in the south than the north he includes both funds from Hong Kong into the mainland more than a year to a few one hundred billion yuan Mainland funds also include Hong Kong and the mainland's foreign investment away from the mainland which is funding the interior of the continent in the future need to distinguish Hong Kong through Hong Kong to the south end of the year the net inflow of 2019 when a total of 249.3 billion this year contains all the south of Hong Kong foreign investment funds so are more than northward funds net inflow of 200 billion Hong Kong is so digital and south China's domestic capital net inflow of foreign capital compared to a net outflow of Hong Kong and Boley north from Hong Kong's Hang Seng index climbed that Mainland funds after mostly dependent on big foreign north is for the long term in the mainland a-share market and therefore can do so largely determine the funding support force is south of Hong Kong stock market is obvious as the previous year the total turnover of the Hong Kong stock market is among the 15 percent contribution to the mainland but funding since last year, the CCP has tightened domestic monetary policy while limiting the blind development of real estate industry and many industries which leads to say that the real estate industry has become a pillar of the Chinese economy funds so severely strained south of Hong Kong stock market capital will be reduced so the Shanghai and Hong Kong through Shenzhen and Hong Kong last year the net inflow of funds through the north of mainland China is 800 billion mainly into China a-shares of manufacturing What does this mean on such capital flows indicates that the current Hong Kong's financial center. the major function is to attract funds from abroad at the same time on the mainland thus causing a massive transfusion of blood under the effect of the Hong Kong stock market capital of Hong Kong stock market situation is getting worse last year, so there is no suspense in the Hong Kong Hang Seng index fell 14 percent in Hong Kong stock market's Hang Seng China Enterprises index fell 23% the technology index fell nearly 33 percent from its high this year, so the cut last year, Hong Kong's Hang Seng index since 2011, the worst performance since the year so the formation of the Hong Kong stock market After mainland China dependent on this thing is, as also Xiao Xiao loser Chinese economy started down the Hong Kong stock market on the Hong Kong stock market last year, then shaking the leading stocks mostly fell mainland's stock as the technology giant Alibaba in the Hong Kong stock market decline last year is nearly 5 to Tencent fell 18% then real estate stocks is the hardest hit Hengda Hong Kong stocks are fallen 9 became Xiangsheng is down by 84 percent of China's Olympic Park, down 80% Shimao Group, Kaisa Group fell 77% Fantasia, Yuzhou Group, Central China Real estate, R & F Properties, the China Times China's real estate tycoons are oversold 60% as well as financial innovation in China, Agile Group, and so it is oversold by 50% plus Hong Kong, mainland education stocks is down by up to 70 % or worse is the mainland stock market blood effects on Hong Kong stock market will result in the mainland stock market was down, said the Hong Kong stock market crash so Hong Kong is no longer a relatively independent financial center in East Asia but has become highly dependent on China's economic prosperity or a harmed Chinese brother so long as the Hong Kong stock market to judge the trend of China's economy look on it that I want to talk about the Chinese economy, of course, we are going to ask the teacher about some of the very important economic development of China in the past would think of economic support includes the new economy includes real estate include financial industry is very important to the entire Chinese economy three drive an industry we know whether the new economic Ma Ma to hand over military power and we now see many of the new institution-purge included real estate Hengda just mentioned the first day of listing in Hong Kong have been hung immediately stopped and then to some of these parts of the financial industry we mentioned looks as if China's economy, there are some very worrying situation, but in a foreign they think that is also very optimistic about the overall economic development of China's stock market still think Ye Hao said is something to look forward now, it seems part in China also seems to have both sides of the voices are talking sometimes talked about speaking different look at different media the last report we see that the teacher a little confused how you look at these related stories linked problems of economic development of China's China's stock market I would like to say that China's stock market is actually a completely different story and democratic country it trend is completely different front we talked last year about uS economic growth of 3.7% so the Dow index and the Nasdaq were up 19% and 22% of the EU economy grew 4.2 percent last year in Europe pan-European index rose 22.5% last year
Japan's economy grew 2.6 percent last year, the Nikkei rose 4.9% last year that China's economic growth, it is the IMF released the latest IMF World economic Outlook last year he put China's economic growth forecast of 8% economic growth so this seems to be still However, the global leader ah China's stock market is not fully fit last year, Shanghai stock Exchange rose on the Shanghai Composite index rose 4.8% in Shenzhen for the Shenzhen index rose only 2.7%, it can not only beat the United States, Europe, Japan has become the largest economy among the major bottom that we introduced in the previous program in China over the GDP data may be watered exaggerated and even such institutions IMF will be affected along with the stock market reflect exaggerated but out of the company's performance it's hard to overstate how much can probably state of the stock market reflects the true state of the Chinese economy that is a little far Chinese Communist own economy is not blowing so good that China has a media analysis of year-end stock market is doing time with so a title called "Replay 2021 a-share market this year, investment in the end how hard it is," this analysis is that 2021 is the year the trend in investment extremely difficult year in different industries seem capricious weather made it difficult for investors fathom these words mean that the entire Chinese stock market does not look like China's economic growth reached 8 percent this sign many industries deterioration in the business or simply a collapse in the end Now I will introduce China's stock market last year, the main industry is the first by the state of consumption, medicine, science and technology manufacturing these industry leading companies that they should have been relatively robust, but continued to decline last year retired Chinese securities firms have cut the company's full-year earnings expectations which the pig meat-related businesses because the stock price fell also stumble endlessly profitable then cut inside Baoxiangongsi of the financial industry has become a market-share decline hit bottom this year, the performance of all major Baoxiangongsi their all-share price decline of the stock market listed companies in the stock market is also good broker followed by decline in 48 among 39 listed brokerage's stock market decline so the shares fell more than 8 percent of brokerage accounts listing broker and the third is the technology sector Chinese have a saying called the apple industry chain is only those who manufacture parts for Apple phone the main corporate results are also declining stock prices have dropped more than 3 percent fell 4 percent less down 15% of them bloom again quarantine stocks is attributed to flat although the epidemic in China one after another pharmaceutical company, but the industry has been a decline, Jin so a big decline in the fourth condition is related to the real estate business is a collective call to sell real estate stocks became miserable refers to this miserable miserable miserable miserable Dan then with the real estate bubble burst the real estate company's stock has become the most miserable of the plate Hengda which had almost daily limit my talk are happy in China China's shares fell another 7 percent and Kerry Group's share price from a high of 2018 from 21 now fell to 6 hair 3 2 3 5 hair is closely related to real estate and renovation household electrical appliance enterprises have also been a number of real estate collapse hit home appliances company's shares fell more than 30% less in the services sector because of the education and training industry is a listed company on the Chinese Communist Party school tutoring industry severely control of these industries to enter the stock market winter their shares no longer stand up hope so aviation and tourism are also not good among the four airlines China Eastern Airlines and China Eastern Airlines on the sea Southern Airlines fell in the second half of the shares were 7% and 15% Spring Airlines is the second half of this decline fell about 8% of tourism stocks because many outbreaks and difficult conditions have declined so to speak above these industries were once Chinese economy prosperity beneficiaries now become a victim of the economic downturn of China's most active large companies which are listed in the US had these big companies listed in the United States go through a lot of money but now this group of companies from the United States shares this circle the situation is also very tragic in US-listed Chinese companies have a big company called called the Chinese concept stocks it means I introduced in a previous show and that is an excuse for the Chinese authorities have not allowed the national security US investors to buy Chinese stocks look China's listed companies to financial information in the United States this is the case then these US-listed stock was referred to as Chinese stocks because of this he can only US investors believe China's economic prospects this brilliant concept created by Wall Street believe that they buy Chinese but recently, this stock will not lose money China was suddenly the pressure of these listed companies in the United States last December 2, the US Securities and Exchange Commission SEC issued new rules require US-listed Chinese companies must disclose the ownership structure of his holdings and the audit details of the new regulations came out in CCP politics or will not budge still does not allow these companies to disclose financial information because it is likely that many of the company's financial information will expose fraud and therefore two years after which more than 200 listed in the US Chinese companies may be the American Stock Exchange stopped trading this is the case then US investors have gradually sell these Chinese stocks at the beginning so we do not hit in the hand could have been China's first large companies to the US market misappropriating their access to important business capital means also to show the value of the company in the Hong Kong stock market and the domestic stock market after the United States but now the way gold-plated Securities Commission Securities and Exchange Commission regulations to adjust the attitude of the United States to become clear Chinese companies listed on the West Side middle of the first half of last year, Chinese companies listed in the US has been reaching record highs but last July the US Securities and Exchange Commission depress the emergency brake was there 50 Chinese companies are listed on advancing preparations but the United States Securities and Exchange Commission does not approve the results of the Chinese companies listed on the United States in this case to its IPO last July on the left under a success and the number of cases was approved in August, this is 0, there is no future in the United States then these concept stocks also hit by the decline in the market value of the CPC disastrous economic policies of a number of giant evaporation of hundreds of billions of dollars which Ali Baba this is China's largest e-commerce company in the United States of its listed stocks from late October after reducing the market value of 4,000 billion US dollars Tencent is China's largest gaming and social media company which listed in Hong Kong stock market value from February last year after additional HK $ 2.7 trillion, China's largest car company is called Didi trip in June In parts of New York Stock Exchange is the first time a few days after the issue became the reason to do with the Chinese authorities conducting the investigation that Internet security authorities ordered its app to the shelf registration of new users and prohibit only company in the United States to raise 4.4 billion but dollars
in the United States after the value of its stock market value fell 4 percent after the other is the new Oriental Education Group in July last year in July in the US stock market value also decreased by 74 billion US dollars in the future will continue to drop in China's stocks these companies focused on the Internet, education, technology, entertainment, new energy and new economic sectors once favored investors shares have gone up but Chinese stocks fallen by a total of 760 billion dollars in market value last year, almost a third of the evaporation of more than 200 the Chinese company stocks among the 80% of the company's share price fell more than 8 percent fall in which there are 40 in more than 150 fell more than 40% experienced after the crash several times the market value of many companies has been seriously diminished market value has shrunk this new Oriental less 89% of Alibaba is down 51 percent this United States has a leading asset management company called TCW Group, which manages the assets reached more than 2,600 billion dollars it has a general manager, emerging markets director David Loevinger he once called the United States Finance senior coordinator for China affairs department of his last year on December 15 interview with the NBC is the US consumer and NBC News and Business channel, he said in an interview he said that the current Wall Street-listed Chinese companies over the next three years will be fully from US capital market exit so he said I think many in the US listed Chinese companies are basically the game is over the game is over then the "Wall Street Journal" last year, the "Wall Street Journal" last year on December 31 issued a articles report entitled "China enterprises IPO investors look to the decline of the rest of Asia," the report quoted co-head of Asian equity capital markets at Goldman Sachs Japan other than the one called called William Smile in his words, he said in 2021 of a prominent trend Investors outside the market is more interested in the Chinese market is more prosperous than ever these then chairman of the Nasdaq Asia Pacific region called Robert McCooey also said he expects this year to that of Nasdaq-listed companies will increase substantially in Southeast Asia then these concept stocks how to do it in the future privatization of delisting only three options, or return to Hong Kong's return to Chinese a-share delisting, but is only suitable for those who have a stake in the relative concentration of foreign shareholders to support small and medium capitalization companies due to privatization requires a lot of foreclosure so I chose the privatization of delisting of the company back to the capital is not much that it can not return to Hong Kong Hong Kong Exchanges Hong Kong Stock exchange, it is granted a secondary listing in Hong Kong standard said the company's market value is greater than 3 billion Hong Kong dollars and is already on the market market value of 10 years or greater than 5 000 million Hong Kong dollars already on the market two years it takes stock of large companies may choose to go to the Hong Kong stock market but small cap stocks in almost no way to log Hong Kong's return to China as for the stock market in fact it may not be satisfactory as A-shares in Shanghai motherboard and Shenzhen stock market threshold is relatively high, many of the companies listed in the US can not meet the conditions it is possible to imagine that they want to return to China's stock market listed might not work so basically say Chinese companies listed in the US through 這條路走到頭了 與此同時由於中國企業 對美國發行的企業債券接連發生違約 到期不能還本付息這樣的話 在華爾街發債融資這條路 也快走到頭了 那麼就這樣的話 在華爾街紅火了數年的中國概念股 就成了末日黃花 2年以後中概股就可能成為 經濟史研究的對象 這也折射出來 中國通過國外融資來挽救經濟 這條套路已經碰壁了 最終又反過來讓中共 面臨更多的經濟困難 顯然的華爾街的投行 在中概股上栽了大跟斗了 但是那些一向向客戶吹捧中國經濟的 基金經理們是不甘心的 他們想在A股和港股上面 稍微挽回一點損失 這樣才能保住自己的飯碗和地位 所以從去年下半年開始 他們又到中國國內股市 去趁低買進想搏一把 那當然啦配合他們這個舉動 這些基金經理們就會強調說 中國經濟還有潛力啊 這個值得投資 問題是華爾街投行們 對中國經濟的分析 過去的錯誤太多了 那麼現在這些投行基金經理 被自己的既得利益捆綁 也不願意承認自己過去的錯誤 所以他們的進步是有限的 他們實際上是在幫中共一把 我們前面講到中國股市行情 去年是略微上漲 這就還是拜華爾街之賜 就是如果沒有華爾街 去年這個下半年出手相助 去年中國股市可能和香港股市相似 就年終的時候 整個股市全年是下跌的 那麼今年華爾街能夠 繼續拉抬中國股市嗎 恐怕這個機會不多 而且這個能力也有限 因為華爾街能夠投入的資金 畢竟不會太多的 那更大的問題是說今年 多數的中國公司他們的這個業績 可能比去年更難看 所以華爾街投行們 在中國國內的A股上還會吃虧的 我想今天很謝謝我們程曉農老師 針對全球幾個主要國家 包含美國中國包含日本 也特別我們關注到香港的整個這些 未來經濟的一些走向的一些分析 當然有悲觀有樂觀 中間有許多的一些變數 顯然2022也抱持著樂觀 但同時也帶有非常多的一些挑戰 我想我們在未來的節目當中 針對類似的題目 我們都會持續來做關注 最重要的是希望今年的節目 也要大家多多指教 如果對我們的 政經最前線無碼看中國 您覺得非常的喜歡 也懇請大家幫我們 轉傳訂閱按讚留言分享 我們製作團隊也認為說 我們有許多的觀眾朋友 留言都非常的棒 我通常都稱這些朋友 是我們線上的評論員 他會在我們節目以外做了更多的補充 甚至有時候會給我們訂正 都非常的感謝 這也是我們覺得政經像一家人 我們未來在節目當中 也會適度的把這些留言 也許我們會有個適當的機會 跟大家來回應來做一些討論 那就再次感謝大家 當然別忘了要打開小鈴鐺 有助於大家更快 第一時間收看到 我們節目的一些訊息 所以再次感謝大家 2022年也請大家多多繼續指教 再次感謝老師 也感謝大家的收看 感謝主持人 感謝我們各位觀眾朋友們收看
2022-01-18 19:12
