Some netizens also said that there is no need for prevention because there is no need for a system at all. If you think you are qualified to be a financial oligarch, there is always a way to get rid of you.

There is a financial tycoon in China named Guan Jinsheng, who was in charge of the establishment of the first securities company in Shanghai in February 1988. During his tenure, the primary market underwriting business of IWC accounted for 60% of China's total share, and the secondary market brokerage business accounted for 40% of the national total share. The American and British authorities rated IWC as the largest securities company in China.

Guan Jinsheng flaunted the banner of "the world of securities, the kingdom of securities", claiming to make the world the Nomura and Merrill Lynch of China. 1994 proposed that all countries should "enter the top ten securities firms in the world in 2000".

However, after the national debt 327 incident, the nations were seriously damaged and were quickly reorganized. 16 July 16, Shen Yin merged with other countries. 1April 1995, Guan Jinsheng resigned. On May 19, 2009, Guan Jinsheng was arrested on charges of embezzlement and misappropriation of more than 400,000 yuan of public funds, but he did not violate the futures trading rules. 1February 3, 997, Guan Jinsheng was sentenced to fixed-term imprisonment 17 years.

Main information:

Finance refers to the economic activities in which banks, securities or insurance companies raise funds from market entities and lend them to other market entities.

Broadly speaking, all capital flows generated by the government, individuals, organizations and other market entities through raising, distributing and using funds can be called finance.

Therefore, not only the financial industry, but also the government's finance, the behavior of industrial enterprises and personal financial management are all part of finance. Finance can be regarded as three economic behaviors: fund raising and distribution (financing), investment and financing (borrowing money to buy stocks).