Ya Nei of Rebirth

Chapter 2041: Draw the sword! (Part 2)

As soon as Jiang Xiangjie finished speaking of his plan, a brief silence appeared in the conference room.

This plan is very bold. If it is implemented, it will make a lot of profits, but the risks will also be huge. Western countries will not sit idly by and let us do it.

No matter what ideology it is, Western countries dominated by the United States have one supreme principle, that is, national interests are above everything else!

Now, Jiang Xiangjie's plan is that national interests are above everything else!

Similarly, once this plan is implemented, it will also touch a large number of domestic interest classes in China, which will cause fierce "resistance".

Everyone here knows the key.

A little, Liu Jun said: "In principle, the plan proposed by Comrade Xiang Jie, in principle, fully agrees. In detail, I mentioned some reference opinions ..."

Everyone's eyes fell on Liu Jun's face again.

"About the first point, the issue of divestment. I think it is the basis of all steps and the most critical link. US Treasury bonds can be properly retained. However, I think the derivative bonds issued by two-bedroom companies must be sold all, or at least

Most of the selling. "

Liu Jun said firmly.

“Sell all?”

Everyone was shocked, and Zheng Shaojie even murmured.

Just now Jiang Xiangjie has clearly said that we have the amount of two -bedroom bonds. It is a astronomical number that occupies half of our foreign exchange reserves overseas investment.

If all are sold, it is very likely to cause panic. And such a large amount of bonds are sold out in a few months, the difficulty is very difficult, and it will bear a large loss.

The so -called "two -bedroom" refers to Freddie Mac and Fannie Mac, the two largest real estate mortgage giants, and are directly responsible for the Federal Federal Housing Finance Bureau (FHFA).

In the "Public Housing Act" in the United States, the attributes of Fang Limei are clearly determined as the federal government's custody enterprise, the so -called "state -owned enterprise". In 1949, the "National Housing Law" adopted by the Truman government

Fannie Mae's role has been expanded again, playing the role of the middleman in the four relationships of the real estate market, consumers, financial institutions and government.

By 1970, in order to expand the secondary mortgage loan market to the ordinary residential loan market in 1970, the US federal government authorized Fang Limei Company to purchase residential mortgage loans from private financial institutions and authorized the establishment of the Emergency Housing Financial Law.

Federal housing mortgage loan company is the beauty company.

Because of the US government's sponsor, Fang Limei and Fangmimei, although only a total asset of more than 70 billion US dollars, issued more than 5 trillion derivative bonds.

The securities issued by the home company are regarded as "equivalent to US Treasuries".

Relatively speaking, buying government bonds is a relatively safe investment. Although the income is not large, it is at least higher than the bank's interest, and the payment is guaranteed.

Guo Qiliang said frankly: "All sell two -bedroom bonds, it is unlikely. One is that time is too late, and the other must consider some necessary on ***."

In fact, Guo Qiliang believes that Liu Jun also understands this truth very well.

As long as people with a slightly economic vision are very clear about the truth. Buying a country's national debt is to support the construction of this country. When we issued government bonds in the past, it was so publicized.

However, other countries buy U.S. Treasury bonds, including *** and Russia. In addition to preservation, there is also a very important consideration.

Guo Qiliang mainly wanted to know the reason why Liu Jun proposed this.

Liu Jun nodded and said: "I suggest that on the basis of Comrade Xiang Jie's just now, reduce holding two -bedroom bonds. If it is because of the consideration on ***, you can consider the transfer of US Treasury bonds.

This concept must be clearly distinguished. In the final analysis, Fang Limei Company and Fangs were not in the US government. The US government has never publicly acknowledged it.

There are problems. In essence, the two -bedroom company is just an ordinary housing mortgage loan company. Once they have plummeted, they may be liquidated by bankruptcy. This is a big problem.

,两房发行的债券就只能在场外交易,这将大大的***债券的流动性.到时候我们想要抛售这些债券兑现,就变得非常困难.万一破产清算,那么,这些债券

It turns into waste paper. This danger must be taken into account."

The expressions of the attendees became more serious.

Liu Jun's words are indeed amazing. Before that, no scholars had raised similar questions, but did not attract enough attention. After all, enterprises that a government -sponsored enterprise came forward, in the eyes of everyone, the credibility is still the credibility.

Yes. Although the two -bedroom company has reached 700 times the percentage of the use of funds in the use of funds.

To put it bluntly, everyone's reputation of the US government is still a bit superstitious.

However, now, Liu Jun personally raises this question, and it is raised at this level of conference, you must not consider it seriously.

Yue Shuhong, chairman of the China Securities Regulatory Commission, said: "Liu ***, the two bedrooms are not ordinary listed companies. In fact, they are exercising the functions of some government functional departments. Let the two -bedroom companies delist, should it not be?

Rule: Only when the stock price of a listed company is less than one dollar for thirty trading days will it be delisted... Now the stock price of both house companies is above seventy dollars..."

Having said that, Yue Shuhong couldn't help shaking his head gently.

That is, Liu Jun raised such a question. If others said this, Yue Shuhong would not say anything to him at all. With the special background of the two-bedroom company and the important mission it undertakes, coupled with the high stock price, I would like to doubt it now.

The two -bedroom company will be delisted and delisted, which is really incredible.

"State-owned enterprises" like two-bedroom companies are guaranteed by the government. It is easy to maintain the stock price of two-bedroom companies above one dollar. The total share capital of two-bedroom companies does not exceed one billion shares.

As the chairman of the China Securities Regulatory Commission, it is very reasonable for Yue Shuhong to raise "questions" against Liu Jun.

Except for Yue Shuhong, I'm afraid everyone here, including Liu Jincai, has this idea. With Liu Jun's repeated reminders, compared to another parallel world, the total amount of US Treasury bonds and two-bedroom bonds is much less.

But Liu Jun still felt that the amount was too large. Even if the calculations were taken into account, it was still unprofitable.

Liu Jun didn't know whether the two houses would be delisted. Before his rebirth, the two houses' stocks were still on the New York Stock Exchange and were not delisted, but the stock price had fallen to around one dollar.

From more than seventy dollars to one dollar!

If the two houses had no government color, they would have collapsed long ago if they had replaced other listed companies.

Rao is so, there is still great risk.

Liu Jun picked up the teacup and took a sip, smiled, and said, "Comrade Shuhong's question makes sense, but there is no absolute thing in the world. We estimate... There is basically no need to predict now, and we can see it...

This financial crisis in the United States will be triggered by their mixed subprime bond market. The fundamental reason is also the inflated bubble in the real estate market. After this financial crisis, the first thing that will be the mortgage mortgage companies. The stock prices of two-bedroom companies

It is entirely possible to fall to the bottom. Once such a huge bubble bursts, no matter how much money the US government invests to save the market, it cannot be saved. The funds owned by the US government and the funds needed for rescue are not above the same level.

In the end, they couldn't resist it. They could only push the two -bedroom companies to the market and delist. If the US economy cannot recover quickly, it is not impossible for these two companies to go bankrupt.

Risk. Considering other reasons, you can transfer some US Treasury bonds, but the total amount should not be too much, and it should be controlled within a certain range. "

Yue Shuhong nodded thoughtfully.

Jiang Xiangjie said: "Comrade Liu Jun's opinion, I think it is worth considering."

Liu Jun's words can be said to partially deny his plan. Jiang Xiangjie can have such an attitude. It can be seen that his mind is very wide. He stands on the standpoint and talks about things.

Liu Jun nodded to Jiang Xiangjie and continued: "The second point I talked about Comrade Xiang Jie sent the inspection team to all provincial branches and backbone state -owned enterprises, which very agreed.

The key step to the greatest interests. To put it bluntly, if we want to attack others, we have to hold our own wallet tightly first. Otherwise, if we don’t get the benefits and we have to pay for the old capital, it would be unprofitable.

I think the key lies in the inspection. Over the years, our individual financial institutions do have many violations of regulations. Especially when entering the foreign capital market, the amount is huge.

""

As soon as Liu Jun said this, the face of the People's Bank of China President Zheng Shaojie changed slightly and then returned to normal.

In recent years, Zheng Shaojie has been working hard on the supervision of state -owned banks. It is also recognized as Liu Jun's confidant. Liu Jun should be wrong.

"What I want to add is that in this action, not only should state-owned financial institutions be supervised, but also to convince private financial institutions, especially private institutions registered abroad, to be listed as the focus of monitoring. All funds should be outflowed as much as possible

All channels are blocked. Only by joining forces can we achieve the most fruitful results. Moreover, some actions can also be operated through private institutions, which should be more convenient."

Everyone agrees with Liu Jun's supplement.

Liu Jincai said: "Other comrades talk about views ..."

The night is already very deep, the meeting is still continuing ...