Tan Songtao, associate professor of finance and economics at the Chinese People's University, said conclusively: "Interests are not easy to protect, and if retail investors make money, whose money will they earn?" There is a paradox in this question."
This is surprising and jaw-dropping, but this is still the level of an economics professor? According to his logic, retail investors should lose money, enter the stock market, and rush to send money.
As investors, shareholders should make money, not anyone's money, but the money brought about by development, that is, the income from the value-added of listed companies! Has China's economy developed economically? It must have developed, and the country's economy has developed dozens of times, so why haven't the shareholders enjoyed the money that has increased in value for development? Who has taken it? This is the crux of the matter, and a small number of people have taken it, mainly major shareholders, directors, supervisors, and senior executives, institutions, power departments, and issuance sponsors!
Some netizens said that the stock market should be an investment market, and the funds needed by enterprises to go public and raise funds to solve the needs of enterprise development, earn money to give back to the market, and achieve a win-win situation for listed companies and investors, so that the market can continue to grow and develop. Listed companies, institutional war investment, major shareholders continue to use the loopholes of the stock market to suck blood, only in but not out, financial fraud before listing, refinancing restricted shares after listing, do not put the development of the enterprise itself in the first place, but go public to make profits and cash out and run away, and even more before listing on dividends arbitrage, leaving shell companies, listing circle money to pay off debts, what will such a company bring to the stock market, do you not know if you will be listed for two times?
In this regard, some netizens responded to the above netizens: You got to the point, but the core reason is that retail investors have pushed the stock price too high. The price-earnings ratio is dozens of times and the stocks of loss-making companies are unreasonable in themselves. The core of how many people use dividends as the only criterion for buying stocks?
When returning to the original of stocks, stocks were born for those who want to go to sea to do ocean trade, and if they don't have money, they use stocks to raise money, form a team to build ships, and distribute the money to investors when they return safely, and if they can't come back, they will prove that they use their lives to give investors an answer. Now, they just want to take you out of their pockets, and they don't want to give you dividends at all. It is strongly recommended to protect the interests of investors in order to achieve sustainable development
Later, in order to prevent the loss of money, the insurance industry joined, and in order to reduce losses, funds replaced individual investors, and then it became an institutional carnival, which has nothing to do with your individual investors. Isn't this the case with foreign stock markets, which rise high, but how much does it have to do with retail investors?
I think the professor is right, China's stock market is not a normal stock market, in a normal stock market shareholders can win, the source of profits is the earnings dividends of listed companies, as long as most of the companies are profitable, theoretically everyone makes money. But China's stock market does not pay dividends, and the income of shareholders comes from playing with each other, someone makes money, someone must lose money, retail investors make money, institutions and national teams will lose money, so the country will let that part make money, isn't it obvious #Whose money does the stock market earn?##微头条激励计划#
