(This article is based on Mr. Sima Nan's video program, and the content has been deleted)
A few days ago, the Theory Group of the Central Committee of the Neighborhood Committee invited Mr. Niu Wenxin, chief commentator of the People's Daily and China Economic Weekly, to give us a special report on China's financial situation.
During the discussion, I heard a point of view from Hutong Lao Zhang. Actually, I didn't understand what he said, but I felt very enlightened.
He said, "Have you noticed what happened on March 19? At this age, who remembers what happened on that day? Isn't that a whole lot going on that day?
What the hell is going on? On the day I checked, the China Securities Regulatory Commission announced the results of the investigation and the decision to punish the Evergrande Group.
Evergrande Lao Xu, with the support of some cultural people and economists, is suspected of serious financial fraud and inflated his income by 560 billion yuan. This is clearly a false account and some inflated profits. But in fact, after dividends, he received the money into his pocket and got all the money abroad.
Just such a thing, after Wu Qing, chairman of the China Securities Regulatory Commission, took office, he fined Evergrande 4.175 billion. Xu Jiayin himself was fined 47 million yuan and announced that he would not be allowed to enter the stock market for life.
I asked Lao Zhang, who doesn't know about this? But does this matter have anything to do with Yellen's hurried visit to China?
Lao Zhang reprimanded me for not having good cognition and shallow thinking. He criticized me for not being good at connecting things. This thing, that thing, is not just a potato and another potato relationship. In fact, there is a complex, intrinsic, and deep connection between them.
Do you know that Evergrande is a listed company in Hong Kong, and do you know that Evergrande's financial management is PricewaterhouseCoopers, one of the world's four largest financial companies and one of the world's four largest accounting firms.
These four global finance firms are responsible for the financial management of almost all public companies in the world, and are also engaged in auditing and various financial advisory activities.
After listening to Lao Zhang's words, I still shook my head. I said, I don't understand what you mean.
I've written articles and done shows about PwC. Xu Jiayin made fake accounts, and PricewaterhouseCoopers helped him do the audit, took so much money, and watched Xu Jiayin defraud more than 2.4 trillion yuan.
Lao Zhang continued: If Wall Street is the ultimate operator of the financial capital market, then the four major financial companies are the ultimate operator of global accounting firms. Who is behind the big four financial companies? It's also Jewish capital.
At this point, you should be clear. Jewish Capital is engaged in financial business on Wall Street, and the four major financial companies are engaged in accounting business and financial business in London and around the world. Financial business and accounting business are not separated in many cases. Currency is the unit of accounting, accounting is the way of bookkeeping, and the relationship between the two is the relationship between concubines, buddies, and girlfriends.
I have to admit that I'm too old to react in my head. I seem to understand, but I don't seem to understand.
Lao Zhang went on to say that now Yellen's visit to China is busy. And before she came, Evergrande was dealt with, fined, and banned from the securities market for life. Blinken will come back soon after that.
What he probably meant was that the big four financial companies had a lot of energy. Without the accounting and accounting of financial companies, the looted wealth of Wall Street cannot be laundered. Xu Jiayin naturally can't make money, and Wall Street can't make money.
Lao Zhang's point is that the matter of Evergrande's financial fraud has been reacted so much by public opinion on the Internet, but why has it not been dealt with? It is because it is particularly difficult to deal with it, and this is a huge problem in Wu Qing's hands.
PricewaterhouseCoopers, the world's largest finance company, is suspected of financial fraud. Now it is up to the Chinese government and the Hong Kong SAR government to expose all the details of the financial fraud and whether they will be held legally responsible. If this is done, the global financial markets will make huge waves.
Do you still remember the "Enron incident" in the United States in those years? At that time, the amount of counterfeiting was only $60 or 70 billion, and the result of the fraud was an avalanche on Wall Street, causing the US financial crisis to be so big that it even spread to the whole world.
And now Xu Jiayin's case involves 2.4 trillion yuan, if this card is shaken out, if this lid is opened, do you know what it means?
Lao Zhang's words are very reasonable, and they often make me feel happy to be empowered. I understand one thing now, of course, the people who gave advice to Boss Xu of Evergrande, those who made false accounts, and those who made audit reports for him, all of them did not work in vain.
These people are not only making black money, but more importantly, they are causing great harm to China's financial market, and we are gradually seeing the lag effect of this harm more clearly.
References: Niu Wenxin
Responsible editor|Hu Yan Wang Debo
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