1 professional managers: Many professional managers in China are unprofessional. They only look at short-term interests rather than long-term interests. They like to make enterprises into cysts, disclose false information and change various company indicators just to fool shareholders and investors. This is also a legal issue in China. You see, the professional manager companies of state-owned enterprises are ready to privatize their ideas immediately, and they can't sell state cars and embezzle state assets. Professional managers in American enterprises are quite professional. If you carefully look at the history of GM, you will find that during the 20 years when Jack Welch was the top leader, GE's capital increased more than 30 times, reaching $450 billion, ranking first in the United States, but he only took hundreds of millions of dollars when he retired. If you put it in China, I estimate that even if such a professional manager succeeds, he will take away hundreds of billions. This is professionalism: I do my job well and take the report I should take away.
2 Law and Supervision: Do you know how strict the securities laws in the United States are? If the loss-making wealth management products launched by these banks in China are in the United States, I tell you that banks will definitely be cheated if they help publicize their investments, and they will also lose money on appeal. This has happened in Hong Kong, but it is impossible in the Mainland. Secondly, if you disclose false information in the United States to deceive investors into buying stocks, first of all, accountants and all those involved in making information will be prosecuted by the state. Remember that any collective or group in the United States dares to challenge the interests of an American citizen in any way, which means challenging the United States. Those who disclose false information, as long as they are found guilty, will be arrested by the CSRC, and the police will March on foot in handcuffs to let children aged 80 to/kloc-0 know that this is a person who has committed economic crimes. China's. Now, you know, I won't talk about it. All tears. They will only disclose false information, and insider operation will hollow out shareholders.
3 Banking and taxation: There are many companies making money in China, but you know that the loan interest rate of China Bank is 6, which will not exceed 1.5 in the United States. As long as China's business is not good, the loan burden is six times higher than that of American companies, which is also the reason why Alibaba's Yu 'ebao was banned. Because Yu 'ebao has six demand pills and the four major banks have zero demand pills, the four major banks must have six demand pills if they want to compete with Yu 'ebao in the future, so the four major banks are dead. For example, ICBC only needs six demand deposits, and ICBC loses 200 billion a year. However, many loans can also get money from Yu 'ebao, so the deposits of the four major banks decreased, so Yu 'ebao was blocked, and then all kinds of taxes were included. A lot of money is printed every year. Some people think this is a good thing. In fact, it is wrong to print money when the national finance is tight. Printing money is actually a disguised form of tax collection, which is the fastest and no one can avoid it. The inflation rate is actually the invisible tax rate of the country that year. Of course, this only exists when printing money leads to inflation. These and other factors have led to a rapid increase in the costs of China companies. The stock market has also deteriorated with the economic downturn.
In a word, if China's stock is as good as that of the United States, it must first get the 1 China version of antitrust. 2. A good law and supervision system is harsh; 3. Marketization of interest rate; 5. Perfect short selling mechanism; 5. CSRC only cares about the performance of legal obligations, regardless of the life and death of stocks, and loosens stocks.
I hope to get points. Haha, my hands are sore.