In today’s market, everyone’s worries, although doing a diving action, but in the end is still a red plate, it is a stable long-term military. After all, if you can’t even stand up to 3,000 points, this continuous trillions of funds will only make people feel that the market is selling heavily and turn to wait and see.
Affected by the new subsidies for new energy subsidies and the severe decline in subsidies, today’s new energy vehicles, especially new energy buses, almost contracted the decline. I have seen an in-depth article on domestic new energy vehicles, which may be biased, but the conclusion is not bad. The overall evaluation is that because the subsidies are too high, many manufacturers are attracted to make cars, and they do not consider sales issues. Regardless of the customer experience, just modify the car and use the banner of the new energy vehicle to get subsidies. Therefore, today the former US Secretary of Commerce spoke in Hainan, saying that 5G is a competition among enterprises, and it is not normal to rise to the national level. Deeply thought.
Because this is human nature, it has nothing to do with the system. Humanity is low cost and high profit. If the technological advancement of the enterprise abducts the dignity of the country, such as new energy vehicles, we do not want to lag behind, and then hope that the state supports the industry, then it is clear that the state cannot conduct a strict review of each car before deciding whether to subsidize This is simply impossible to accomplish.
Therefore, as long as the mobilization of the state’s resources for the introduction of subsidies, there will be a group of speculators to use their brains to dig into the air and lie to the money! The reason is very simple. It is too difficult to make the products reach thousands of consumers. But dealing with an official of a certain ministry in the country is too simple, at least in terms of time and money. The cost is too low，Therefore, when the tide of subsidies has receded, many enterprises have barely got any state of technology and they have begun to be exposed. Consumers’ evaluation of these vehicles that rely on subsidies is very low, which ultimately leads to a big decline in sales data.
Today, several auto stocks: Zhongtong Bus, Ankai Bus, Yaxing Bus, Jinlong Bus, the biggest drop of more than 9%, the smallest Jinlong bus also fell 7.3%. In terms of performance, after this decline, its rolling P/E ratio is still more than 54 times, and most of these companies have issued an early warning announcement that the annual performance has plummeted!
Fortunately, look at the list of shareholders of these companies. There is no active fund in the top ten shareholders. Even passive funds, only one of the 40 major shareholders. It can be seen that fund companies are now paying more and more attention to value investment, rather than regardless of value, only look at concepts and aura.
The fund news that I am most amazed today is about Yu’ebao. Tianhong Fund’s Four Seasons report shows that its current balance has reached 588 million customers! I remembered that four years ago, I was fighting against New York in the eyes of Cai Lang. He said that Yue Bao gave relatively high interest to customers and raised the cost of capital for enterprises, which is harmful to the national interest. I can’t agree with this statement at all. I said that there is no abstract national interest. The real national interest is the interests of the people of this country. If the balance of the treasure benefits the people, it will benefit the people and benefit the country! High corporate costs can force them to think of more ways to improve production. At the time, this passage was harvested with thunderous applause! See the video link for details. At that time, he still did not believe that there were not a few customers in Yu’ebao.
As a result, the host Wang Mudi immediately sent an investigation to the audience on the spot: Please raise your hand with the balance treasure. I looked around and almost raised the audience. It’s quite unhappy to get Newwen’s new, and feel that he has fallen into the “encirclement circle” under Wang Mudi’s cloth. But in fact, this is the king of the king, and the audience on the spot is usually the person in charge of the team, mainly the students of the university and finance.
Four years have passed, and the number of Yu’ebao is close to 600 million! Basically, it can be said that each family has a person who owns the balance treasure, and it can be seen that the balance treasure has a strong vitality.
In order to prevent the risk caused by the excessive size of Yu’ebao, for a long time, Yu’e has introduced a number of restrictions on purchases. Later, in order to meet the needs of the market, Alipay opened the sale of money funds in cooperation with other fund companies. The results show that this convenient and profitable financial management method has been greatly welcomed by the market. The scale of other “Yuebao” accessing this platform has skyrocketed. Last year, for example, the average size of more than 20 newly-funded money funds has increased by more than 80 times. The fastest increase was Huaan Ri Rixin Currency A. After accessing Yu’ebao in May 2018, the fund scale soared 418 times! The Jingyi currency of the Invesco Great Wall has skyrocketed by 216 times!
Therefore, although the policy can be splendid in the short term, it is like a short-lived, but relying on the market, to solve the real needs of users, to provide them with genuine services, in order to create a brilliant performance!