The P2P Market Swept Across The Wind.

In the 80s of last century, the fact that the world was made in China was unthinkable. Corruption at the time of speculation, counterfeiting, and price double track seemed to be the pronoun of that era, which made many people of insight fail to see the hope of marketization.

Therefore, we do not need to be confused by the chaos in the financial markets and capital markets that we see now. We must believe that our regulatory capability will grow in practice and believe in the future of our capital market.

In 2015, the huge earthquake of A shares and the intense fluctuation of RMB made us feel that

The wind caused waves of waves.

When the time came into 2016, the wind did not stop. Instead, it swept over the P2P market.

At first glance, these are indeed worrying, but the core reason behind this is actually the stage that can not be crossed in the process of China's economic development. It is a process that must be experienced in the reform and opening up of the capital market.

It has strong logical support behind it.

Our country calls it 1979-2008 years of reform and opening up for thirty years. It is the thirty year that China's economy has returned to the world stage. It is the thirty year of the spring breeze of reform and opening up that made China blow to the rest of the world.

The 2009-2038 year is called the new thirty years of reform and opening up. It is the thirty year of China's integration into the world and the spring breeze of reform and opening up of the capital market.

Thirty years to the world.

The first thirty years of reform started with "solving the problem of distortion of commodity prices".

In the new thirty years of reform, we must start with "solving the problem of distortion of capital and capital prices".

The major contribution of the 1979 round of reform was to solve the problem of serious shortage of goods shortage under the planned economy. Now the rich prices of Chinese goods are no longer seriously distorted.

In the past thirty years, China has made global progress through invigorating the commodity market, getting rich first, building roads and attracting investment.

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In the new thirty years of reform and opening up, with the state's decision to mark the construction of an international financial center in Shanghai and the release of nine new capital markets in May 8, 2014, we strive to solve the problem of serious distortion of the capital value of capital assets in China.

This reform path is almost the same, first invigorate the capital market, to get rich first to build roads, this time is to repair capital capital highway, Shanghai and Hong Kong Tong, along the road, silk road fund, sub investment bank, the construction of multi-level capital market.

We hope to capitate on capital and lead China to serve China on the stage and to the world.

In the past, because of the closed financial system and the closed capital market, the capital price, capital price, resource allocation and asset structure were seriously distorted. That is to say, in the past, assets, capital and funds in China were not well priced because of the poor circulation, which could result in serious unreasonable pricing.

What kind of structure and price are reasonable? What kind of interest rate and what kind of exchange rate are appropriate? Economists do not know, the government does not know, investors do not know, only the market knows, it is like in the 80s of last century, we do not know how much a bike should be worth, as well as a few months of wages to buy a bicycle, people also think that it is reasonable.

Now, the price of China's capital market and capital market is not clear to many people. There is a great difference between bank interest rate and private interest rate. The price earnings ratio of stock market is vastly different. It is very difficult to predict the future with the situation of China's capital market.

This is like the prediction made in China in the 80s of last century, and almost everyone expected that less than China could not only change China but also change the world.