On February 27, 2007 (January 10, 2007 in the lunar calendar), China's stock market plummeted. February 27, 2007, let us remember this day just like July 7, 1937----February February Its decline was second only to the entire daily limit set by Zhu Rongji in 1996. During this period, more than 900 stocks were on the daily limit. By the close of 3 p.m., more than 800 stocks were still nailed to the daily limit. In just five and a half hours, China's stock market wealth evaporated by more than 1.23 billion yuan. Half of China's economic growth in 2006 was wiped out, equivalent to China's total wages for half of last year. In the media, major investment consulting institutions and many well-known analysts have mobilized one after another to conduct various analyses and speculations, but the only one who has not noticed the real black hand-the United States. The U.S. special plane carrying financial claims that violate China's sovereignty. Today's stock market crash is just a test for them to teach China a lesson. Just on December 13, 2006, they had already come. In the words of the British "Financial Times", their strong lineup was the first time in U.S. history, including the U.S. Treasury Secretary, Chairman of the Federal Reserve, Trade Representative, Secretary of Commerce, Secretary of Labor, Secretary of Energy, Secretary of Health and Human Services, Director of Environmental Protection Agency, etc. Almost except for the U.S. President, the entire U.S. ZF moved to China, and the United States unilaterally imposed regulations. Members of the two delegations cannot be separated and are all placed in one room for negotiation. What are they doing? They have issued a bill to China, and it has been less than three months since they are coming to fulfill it. Since the United States 'demands have gone far beyond the scope of economic and trade and seriously violated China's sovereignty, China's ZF naturally cannot agree to them, so today's plunge shows China that they already have the ability to crack down on China's financial market. Indeed, although they had not completely destroyed the China market and swept away the entire wealth of China before the launch of stock index futures, they already had the ability to strike a heavy blow to China, as evidenced by the more than 1 trillion yuan of wealth evaporated today. What is regrettable is that we gave them the ability to crack down on China's financial market, and they just gave it in 2006: first, fully open the financial market to allow foreign banks and financial institutions to directly operate RMB business; second, sell shares to foreign financial institutions at an alarming low price about ten times lower than the market; third, the huge amount of money from QFII entering the Chinese stock market; Fourth, a large proportion of the state shares and legal person shares that have gained circulation rights through the non-trading reform have already fallen into the hands of individuals. Many of them have moved overseas and become foreigners with black hair and yellow eyes. Once financial conflicts and turmoil occur, they will follow suit and sweep the China market like the puppet troops during the Anti-Japanese War. We will conduct a special analysis of the above factors in "Bank of China has become a super cash machine for international monopoly capital." Here we will only cite one factor, selling bank shares at a low price, and briefly explain that the funds used by foreign financial institutions to crack down on China's stock market were completely given to it in vain. China adopts administrative pricing methods and sells bank shares to foreign financial institutions at prices far lower than the market price. Foreign financial institutions then either sell these cheap stocks to ordinary people in China at high prices, or use them to boost and suppress the China market. You can go to the market to compare: the market price of Industrial Bank's stock is 28 yuan, and the price is 2.7 yuan when it is sold to foreign investors; the market price of Shenzhen Development Bank's stock is 21 yuan, and the price is 3.5 yuan when it is sold to foreign investors; the market price of Pudong Development Bank's stock is 28 yuan, and the price is 2.9 yuan when it is sold to foreign investors; the market price of Minsheng Bank's stock is 14 yuan, and the price is 3.7 yuan when it is sold to foreign investors; the market price of Hua Xia Bank's stock is more than 11 yuan, and the price is 4.4 yuan when it is sold to foreign investors; The market price of ICBC's stock is more than 6 yuan, and it sells to foreign investors at 1.16 yuan; the market price of Bank of China's stock is more than 5 yuan, and it sells to foreign investors at 1.22 yuan. There are also many banks such as Bank of Communications and China Construction Bank that sell to foreign investors at more than 1 yuan. In 2006 alone, the huge difference between the low purchase price of foreign financial institutions and the high market price provided foreign financial institutions with nearly one trillion yuan in financial assets. This is equivalent to directly allocating hundreds of billions of funds from China investors to foreign financial institutions through the stock market, and with hundreds of billions of yuan at the bottom, even if the stock market plummets again, foreign financial institutions will not lose any. For example, as long as the stock price of Industrial Bank does not fall below 2.7 yuan, Foreign financial institutions are still winners. This advantageous position given to them by China's ZF allows them to smash the market at will. This is one of the reasons for China's plunge today. It is very clear from today's market that the stocks held by foreign financial institutions are the first to fall, and whenever the market tries to rebound, these stocks are still the ones that sell crazily. The original purpose of China's development of the stock market was to help state-owned enterprises get rid of poverty. In order to allow state-owned enterprises to raise more funds, we established a stock market that sacrificed the interests of investors. Through a system of separating income and risk, state-owned enterprises and state-owned investment companies enjoy risk-free returns and pass on all market risks to investors. Therefore, foreign investors are called shareholders, and Chinese investors are called shareholders. The difference of one word reflects the difference in status. Objectively speaking, although this system is extremely unreasonable and even outrageous, it still has its own rationality without corruption, because the meat is rotten in the pot, and the state takes it from the people and ultimately uses it for the people. The situation is different now. When foreigners come in, wealth is no longer distributed between enterprises and ordinary people within the country, but among ordinary people among the countries. China's policies and laws cannot continue to maintain this unilateral fund-drawing mechanism. If we continue to maintain this unilateral fund-drawing mechanism, it will be equivalent to using the state's administrative and legal power to extract the property of Chinese enterprises and ordinary people for foreign investment. Therefore, before the Chinese stock market becomes a real market, The entry of foreign financial institutions should be resolutely restricted. The loss of more than 1 trillion yuan in property today is a lesson. Don't underestimate this one trillion yuan in property. The total output value of our entire country is only 20 trillion yuan, and now we have lost one trillion yuan in one day. If we do not learn the lesson and let the United States 'financial requirements that undermine China's sovereignty, and cannot stop the stock index futures that elite groups are about to launch soon, the consequences will be even more terrible. We are now the spot trading with the smallest losses. Today, the trading volume of more than 200 billion yuan will cost more than 1 trillion yuan in property. If it is stock index futures trading, the losses caused by the same trading volume of more than 200 billion yuan will be unimaginable. Astronomical figures. According to the stock index futures plan designed by the China Securities Regulatory Commission, 8% margin can buy and sell 100% of financial assets. That is to say, with the same trading volume, the losses in futures trading are 12.5 times that of spot trading. Today, if it were stock index futures trading, the losses could exceed 10 trillion yuan. This is the characteristic of the virtual economy. The transfer of wealth exceeds the speed of light. This is why the United States has formed a luxurious delegation unprecedented in history to come to China. This is also why those elites who are already ready for retreat abroad are desperately advocating the opening of China's financial markets. The conflict between China and the United States in the 21st century may not occur in the military field, but it will definitely occur in the financial field, and it will be a war rather than a competition. The trillion yuan that has evaporated today is actually announcing that the war has begun! I don't want to believe that there are traitors in China's financial community, but I also don't believe that the United States itself can devise such a fatal plot that cuts to the key points of China. The United States may be more proficient in finance than we are, but it will never be more proficient in China's national conditions than we are. Again, whether it is a military war or a financial war, China will not lose to foreigners. If something goes wrong, it will still be caused by the traitors. While searching the Internet for information on the stock market crash this afternoon, I saw the astonishing and ambitious remarks of a half-official and half-scholar at the Research Center of the Ministry of Commerce. He said: "China is currently the most economically secure period since 1840." Compared with the 1 trillion yuan lost in these five and a half hours, I really don't know whether to cry or laugh. I suddenly imagined, who would be most anxious if the foundation of a family's house was destroyed? It must be the relatives who worked hard to build this family; who cares the most? Must be a neighbor; Who cheered the most? It must be the domestic thieves inside and the bandits outside, because the domestic thieves can take the opportunity to destroy the evidence, and the bandits have the opportunity to plunder. The misfortune of our nation is that the fattest people raised by this nation are often those who harm and betray her. The luck of our nation is also that the people who are deprived of everything by this nation are often those who sacrifice their lives and blood for her. The former is rare for other ethnic groups; The latter is not the same for other ethnic groups. So in this new financial war of mankind, the former determines that we will be unlucky at first, and the latter determines that the final victory will belong to us! History will remember this day. I hope that China's stock market will continue to mature from now on!