comments from Zoom Meeting on Nov 28
馬雲攤牌了！強行上市！決戰中央！原來他背後的是......竟比中國還要強百倍！難怪不把中國放在眼裏！(共濟會?)
https://www.youtube.com/watch?v=pl4S0TRWG-A Some background information on today's topic on ANT.
马云：今天的世界，迫切期待一个真正为未来而思考的、全新的金融体系（马云外滩金融峰会演讲完整版）
https://www.youtube.com/watch?v=6RLRcN2aJAo&t=52s The speech that stopped Ant IPO?
蚂蚁金服如何把30亿变成3000亿？资产证券化如何导致美国次贷危机？
https://www.youtube.com/watch?v=JhSKLEkrV0c Hope this helps our understanding.
China identified the potential danger. Ant Group may not be sick now as the default rate is 1%. But what happens if the sickness come one day (default rate >> 1%)? What happens if Ant or similar company wastes the ABS (资产证券) money? (The existing practice is for the Company to issue new ABS to pay for the ABS that matured but this depends on the Company continues to enjoy the Trust.)
Only the Government can guarantee no default on ABS (资产证券/國債) as it can print money. One solution is for Chinese Government own part of Ant Group. That will assure Ant Group cannot be controlled by foreign forces...
螞蟻上市受阻 在11月28日 Zoom Meeting發表的評論
Re: 在11月28日 Zoom Meeting發表的評論
Only the Government can guarantee no default on ABS (资产证券/國債) as it can print money. One solution is for Chinese Government own part of Ant Group. That will also assure Ant Group cannot be controlled by foreign forces...
This means the Chinese Government will essentially own part of all the important Financial Institutions in China. This gives the Government revenue; access to Big Data; elimination of corruption; introduction of New Meaningful Economic Activities etc. It also guarantees that these financial institutions can always meet their bond responsibilities.
This may be one of the New Financial Rules introduced by China in the modern era. Trust is not from the Ratings from the Rating Agencies. Trust is from the Governments that can print money appropriately.
This means the Chinese Government will essentially own part of all the important Financial Institutions in China. This gives the Government revenue; access to Big Data; elimination of corruption; introduction of New Meaningful Economic Activities etc. It also guarantees that these financial institutions can always meet their bond responsibilities.
This may be one of the New Financial Rules introduced by China in the modern era. Trust is not from the Ratings from the Rating Agencies. Trust is from the Governments that can print money appropriately.
Re: 在11月28日 Zoom Meeting發表的評論
Governments owns (at least part) the Financial Institutions. Foreign Investors can only own minority shares. This reduces the risk of collapse and bleeding by Foreign Investors. But this is no long Capitalism as we know it today. It is State Capitalism...admin 寫: ↑2020-11-30, 16:18Only the Government can guarantee no default on ABS (资产证券/國債) as it can print money. One solution is for Chinese Government own part of Ant Group. That will also assure Ant Group cannot be controlled by foreign forces...
This means the Chinese Government will essentially own part of all the important Financial Institutions in China. This gives the Government revenue; access to Big Data; elimination of corruption; introduction of New Meaningful Economic Activities etc. It also guarantees that these financial institutions can always meet their bond responsibilities.
This may be one of the New Financial Rules introduced by China in the modern era. Trust is not from the Ratings from the Rating Agencies. Trust is from the Governments that can print money appropriately.
Re: 在11月28日 Zoom Meeting發表的評論
One of the values of Iternet Giants is their capability in handling Big Data. Jack Ma said: "No business is too difficult". That is not a boastful statement if you are an Internet Giant skilled in handling Big Data.
(1) If you want to set up a restaurant franchise, you have all the Data necessary. You have data on the possible suppliers. You have data on other successful restaurant chains. You have people wanting opportunities. You have investors waiting to put money into your business.
(2) That applies to almost all kinds of franchise, including retail stores, hotels, travel agencies etc.
(3) You also know the speciality markets. For example, some people want to buy organic Farm vegetables, chickens, fruits etc. You can connect the buyers and sellers. You can determine the market size, the likely prices.
(4) That applies to almost all food, clothing, household products. Is making money easy?
If Chinese Government have access to such data and the experts who can analyze them, will China develop faster in this direction???
(1) If you want to set up a restaurant franchise, you have all the Data necessary. You have data on the possible suppliers. You have data on other successful restaurant chains. You have people wanting opportunities. You have investors waiting to put money into your business.
(2) That applies to almost all kinds of franchise, including retail stores, hotels, travel agencies etc.
(3) You also know the speciality markets. For example, some people want to buy organic Farm vegetables, chickens, fruits etc. You can connect the buyers and sellers. You can determine the market size, the likely prices.
(4) That applies to almost all food, clothing, household products. Is making money easy?
If Chinese Government have access to such data and the experts who can analyze them, will China develop faster in this direction???
Jack Ma's surprise reappearance
https://www.thestandard.com.hk/breaking ... six-months
A video of Jack Ma addressing teachers on Wednesday spurred the biggest stock rally in six months for Alibaba Group Holding (9988), the retail behemoth he co-founded two decades ago, Bloomberg reports.
The stock has run up by 11 percent in Hong Kong, adding the equivalent of about US$63 billion to Alibaba’s market value.
Alibaba Group closed today at HK$265.00, up by 8.52 percent.
More than 85 million shares had changed hands by 3:00 p.m., or about 2.5 times the three-month average for a full day. Alibaba Health Information Technology, which is controlled by Alibaba, surged by 18 percent.
A video of Jack Ma addressing teachers on Wednesday spurred the biggest stock rally in six months for Alibaba Group Holding (9988), the retail behemoth he co-founded two decades ago, Bloomberg reports.
The stock has run up by 11 percent in Hong Kong, adding the equivalent of about US$63 billion to Alibaba’s market value.
Alibaba Group closed today at HK$265.00, up by 8.52 percent.
More than 85 million shares had changed hands by 3:00 p.m., or about 2.5 times the three-month average for a full day. Alibaba Health Information Technology, which is controlled by Alibaba, surged by 18 percent.
螞蟻集團應得諾貝爾獎
https://youtu.be/tRBQKJBD3do
譚新強：螞蟻集團應得諾貝爾獎 改革金融系統有功；用傳統銀行方式規管是大倒退 業務價值將大大降低【經一拆局-2021投資展望】
He has similar views as we discussed in our ZOOM meeting. The present Bank Lending practice is that if you have asset, you can borrow. That widens the rich and poor gap.
Since a Government must print money for its citizens to become weathy, why not lend to all? With Big Data, we can find out who are credit worthy. Governments should give more to the poor to narrow the gap.
Governments do not do that now because they are controlled by the rich!!!
譚新強：螞蟻集團應得諾貝爾獎 改革金融系統有功；用傳統銀行方式規管是大倒退 業務價值將大大降低【經一拆局-2021投資展望】
He has similar views as we discussed in our ZOOM meeting. The present Bank Lending practice is that if you have asset, you can borrow. That widens the rich and poor gap.
Since a Government must print money for its citizens to become weathy, why not lend to all? With Big Data, we can find out who are credit worthy. Governments should give more to the poor to narrow the gap.
Governments do not do that now because they are controlled by the rich!!!