English name: Financial Laws or The Laws of Finance

Discoverer: David Ding

Founder of theory: David Ding's law is often not in the law itself, that is to say, we must jump out of the "law" to find the law. If we want to find the ins and outs of finance, we must jump out of "finance". After more than 20 years of painstaking research and a lot of exploration and practice, the author finally discovered the objective laws of finance and the inextricable logical relationship between finance and trees. This may be one of the greatest discoveries in the history of human finance. The author changed finance from the humanities into a systematic comprehensive discipline with natural science as the main subject and humanities as the supplement, which created a precedent for human financial science.

The universe is one, everything is connected, and heaven and man are one. No, just do it. Finance seems to be a category of humanistic consciousness, but it still can't get rid of the shackles of the laws of heaven and earth. In other words, to find the law of finance, we must first find the law of heaven and earth. When it comes to the laws of heaven and earth, nothing knows the laws of heaven and earth better than plants and trees (advanced plants), because the roots of trees are deeper than the earth, and they extend to the sky and interact with the sun, the moon, the stars and the universe. If you know how to interpret trees (plants), you will find that trees know everything, because before humans and other animals appeared on the earth, they had interacted with the sun, the moon, the stars and the universe for billions of years, and created enough oxygen for humans and other animals to appear and survive on the earth. Therefore, trees are the epitome of the laws of heaven and earth. In fact, all human inventions are completed on the basis of understanding and mastering the laws of nature. As we all know, the law of heaven and earth is very important to the agricultural economy; Industrial economy is inseparable from the laws of heaven and earth (aircraft, spacecraft, aerodynamics, air resistance, gravity, free fall, gravity acceleration, wireless communication, modern medicine, temperature, air conditioning, etc.). Are inseparable from the laws of nature); The financial economy based on agricultural economy and industrial economy is also inseparable from the laws of heaven and earth.

According to the laws, levels, structures and logics of nature, financial tree integrates all financial systems such as roots, stems, branches and leaves, soil, environment, time and space, accounting, finance, economy, funds and futures, and all the factors that affect enterprises, industries and even countries into a visual "financial tree", so that people can see their relationships, functions, logics and changes at a glance. The evolution of finance, financial system, financial market and financial products is like leaves growing from branches, branches growing from trunks and trunks growing from roots. Tree roots represent land economy/agricultural economy/agricultural society, trunk represents industrial economy/commodity economy/industrial society, and crown represents financial economy/financial society. They are interlocking, interrelated, inseparable, deeply rooted, interacting and influencing each other. Finance is the blood of enterprises and economy. Therefore, once the context is grasped, the whole financial and even economic world will be linked. The financial tree system can not only explain all financial phenomena and solve all financial problems in reality, but also fundamentally solve the problem of where finance comes from. Years of research and practice have proved that if the principles and laws of the tree are violated, the financial crisis will inevitably occur. With the help of financial tree system, before the financial crisis broke out, the author warned the world, predicted the results and put forward countermeasures. It has long been an indisputable fact that it is more difficult and much harder to master financial laws than to ascend to heaven. On the one hand, modern science and technology are so advanced that human beings can do almost anything. They can not only communicate wirelessly, artificially rain, "nine days to the moon, five oceans to catch turtles", but also travel in space, creating energy that destroys the whole earth several times; On the other hand, although human beings have been able to predict natural storms quite accurately, there are more elites engaged in financial forecasting in the world, such as accountants, auditors, economists, financial experts, risk assessors and financial supervisors. In the face of frequent financial storms and financial uncertainties, human beings are almost helpless. "Eat by the sky and leave it to fate." For example, when the weather is "sunny", fools can make money with their eyes closed. When the financial storm comes, almost everyone is dumbfounded and the whole country will go bankrupt. Moreover, after the crisis, we can only take remedial measures, such as robbing Peter to pay Paul, robbing Peter to pay Paul and killing him with a stick.

There are many reasons for the above phenomenon, but they can be roughly summarized as follows:

First of all, in the relatively long farming, agriculture and industrial society, the time for human beings to enter the financial society is still very short, so human beings have a superficial understanding of finance, and they don't know what finance is, let alone the ins and outs and laws of finance. In fact, until today, many people think that finance is a virtual behavior or a virtual economy, and there is no law at all. It is generally believed that finance is intangible, unpredictable and changeable, and the financial crisis is periodic and unpredictable. Finance in this context cannot be subjective, fragmented and divorced from reality. In fact, compared with physics, chemistry, mathematics, philosophy, machinery, astronomy and other disciplines. Finance is still young, immature and unsystematic. Before the author established a series of financial science systems, there was not a school, a textbook and a teacher in the world to teach systematic finance, because it was generally not realized that all finance was a whole.

In fact, the above situation is normal, because the process of human cognition is gradual and sometimes long. For example, human beings have always believed that natural phenomena such as wind and rain are caused by various gods or ghosts. Therefore, all ethnic groups in the world offer sacrifices to them in their own way, in order to achieve good weather and good harvests. For example, there are places of worship in Beijing, such as the Temple of Heaven, Ditan, Ritan and Yuetan. Until modern times, mankind finally discovered that this is not the case. Wind and rain are caused by natural laws, and there are no gods and ghosts. Relatively speaking, human beings are in the era of "farming" in the financial society.

Secondly, for the above reasons, human beings have always regarded finance as a category of humanistic consciousness, and financial research has been defined as a humanities subject all over the world. Therefore, the field of financial research is full of various theories and viewpoints that are full of subjective consciousness, isolated and passive, and have no function and factual basis in reality. As mentioned above, not only the financial economy, but also all economies including agriculture and industry are inextricably linked with the laws of heaven and earth (natural laws). Therefore, real or scientific finance should be the systematic integration of natural science and humanities. Regrettably, so far, human beings have been studying finance by means of human literature. As merton miller, a late Nobel laureate in economics and a professor at the University of Chicago, said, "If the theoretical premise is far from the reality, it is difficult for the conclusion to explain the reality".

Thirdly, because the law of finance is actually a systematic integration of natural law and humanistic law, it is much more complicated and difficult to study finance than to study natural science and social science alone. Natural science, which is free from human interference, is an accurate science, and qualitative and quantitative analysis is much easier. Such as wind and rain, wireless communication and other natural laws and technologies, are independent of human will, and are applicable in any country and region, because they are based on almost all natural sciences. However, the financial crisis will only happen under certain conditions, such as in some backward African countries. In other words, finance has both objective laws and subjective factors, which is why some potential financial crises have been avoided and some have not. On September 5, 2008, 15, Wall Street detonated the global financial crisis. At the initial stage, if the relevant authorities took measures, the financial crisis would never have happened.

Fourth, since the birth of finance, human beings have always believed that finance is the product of human beings. Therefore, human beings have never broken through the category of humanistic consciousness full of subjective consciousness, arbitrariness, mathematical logic and mechanical principles. Therefore, mankind has never found the law of finance. Therefore, "whether finance is science or not" has become a hot topic and a widely discussed topic. However, after years of hard work, the author finally found that finance and everything in the universe are the same. Finance is not only a science, but also a comprehensive science which is much more complicated than natural science or social science. For example, the financial system and the law of value change are ecological, physical, systematic and linear, but also nonlinear, informative and psychological. We know that the best way to solve unknown problems is qualitative and quantitative analysis. However, it is almost impossible to analyze such a complex phenomenon which is difficult to be qualitative, quantitative and rapidly changing. Therefore, it is much more difficult to master financial laws than to ascend to heaven. In the final analysis, the core of finance is value judgment, which is decision-making, and decision-making is not only influenced by objective factors, but also by many subjective factors. Therefore, finance is both accurate and inaccurate. But generally speaking, although finance is not an accurate subject, it is a comprehensive science that is more complicated and difficult to grasp than an accurate subject. Finance has its unique logic!

Brief introduction of Professor David Ding, the discoverer of financial law and the founder of financial law theory

Professor David Ding

David Ding, the discoverer of financial laws (the only person in the world who has discovered and mastered financial laws), the inventor of financial laws, an internationally renowned financial expert, a financial crisis prophet, an international business management expert, an authoritative figure in the international financial community, a global financial leader, an observer of financial markets, an expert in financial market diagnosis in China, and a promoter of financial internationalization in China. He once discovered the objective law of finance for the first time and founded the scientific system of finance and financial science. He not only initiated the science of human finance, but also took the lead in revealing the ins and outs and changing laws of finance and crisis. He owns the most intellectual property rights in the global financial field.

Inventor and founder of the unique, most advanced, systematic, perfect, practical and effective management system, theoretical system and teaching system in the world-financial tree, financial tree system, systematic finance, financial ecology, financial physics, financial science and financial science system. As a systematic integration of financial knowledge system and financial laws, the visual "financial tree" can make ordinary people easily and accurately learn financial knowledge of all systems including accounting, finance, finance, securities, insurance, investment, financing and management, which will be unforgettable for life and benefit countless people from all walks of life around the world. The financial tree is becoming the ultimate brand of global finance.

In 1980s, Professor David Ding successfully obtained almost all the business licenses required by American financial/securities industry, and has been working in different fields of this industry since then, involving all aspects of enterprise and financial management. Successively: Chief Investment Officer of American Global Securities, Vice Chairman of the Board of Directors of American Institute of International Financial Securities, Consultant to the Board of Directors of Toronto Stock Exchange, Director of Canadian Venture Capital Exchange, Boao Forum for Asia/Boao Watertown Investment and Financing Master Plan, Consultant to Boao Forum for Asia, Member of Boao Watertown Development Strategy Committee, Professor of many universities in China and the United States or Director distinguished professor, Ph.D. and Tsinghua University China Enterprise Research Center, financial economists, Chief of China Gold Investment Expert Committee, and senior managers of many international financial institutions and multinational companies, Merrill Lynch and Goldman Sachs. He has published many books, financial textbooks and hundreds of papers at home and abroad, and often gives special reports at international conferences.

In the 1990s, he made many useful suggestions to Vice Premier Zhu Rongji, Premier the State Council and other departments, including suggestions and plans to strengthen macro-control and rectify the financial order, especially to rectify and standardize the futures market in 1993, which made great contributions to China's financial and economic development. According to the report of China Daily, the only official English newspaper of China government, on April 10- 16, 2006, "His suggestion helped China avoid at least two financial crises." In the mid-1990s, it took the lead in introducing the international financial business licensing and qualification certification system including S3, S7, CFA and CFP into China.

Since the 1990s, he has taught various high-end cutting-edge courses to many Chinese and American universities, including Peking University, Tsinghua, People's Congress, Cai Zhong, Beihang University, Graduate School of Chinese Academy of Sciences, Central Party School, Shanghai Jiaotong University, Jiangxi University of Finance and Economics, etc. He has provided forward-looking high-end training to many domestic and foreign financial regulatory agencies, such as the head office of the People's Bank of China, the China Securities Regulatory Commission, major financial institutions, CEOs of thousands of real estate companies, multinational companies, executives of listed companies, etc., and has trained a large number of financial institutions He has provided unique consulting and solutions for government agencies such as Tonghua Municipal Government of Jilin Province and Dongcheng District Government of Beijing, as well as enterprises such as Merrill Lynch, Goldman Sachs, Blackstone, Morgan Stanley and Japan Bank for International Cooperation.

Since the 1990s, due to the mastery of the laws and the ins and outs of finance, all previous financial crises have not yet broken out. Professor David Ding has made the results and even achievements public and made unremitting efforts to prevent the outbreak of these crises. In contrast, former Federal Reserve Chairman alan greenspan was in charge of the Federal Reserve for 265,438+0 years. During this period, many financial crises occurred. Not only did he not pay attention to them once, but he also mistook false prosperity for truth again and again. 20 10 in April, Mr. Ge Lao also had to admit that he had made too many mistakes at the hearing of the US Congress.

Over the years, David Ding has repeatedly criticized Ge Lao's policies, thinking that he only knows a little about finance, which is very dangerous. 200 1, he wrote an article warning the world, because Greenspan holds the lifeline of the global economy to a great extent, and only the United States can bring the United States and even the world into recession (as shown below). Seven years later, in 2008, this sentence was unfortunately correct. Of course, you can't put all the responsibility on Ge Lao alone. First of all, he didn't mean it, but his ability and level were not enough. Secondly, not only he but also the whole human beings don't understand what finance is all about.

12 years ago, the network economy swept the world. During the second half of 1999 and the first half of 2000, internet companies were booming and the prices of internet stocks soared. In that fiery era, Professor David Ding went against the current and warned the world through CCTV, newspapers and international Internet conferences that the Internet had formed a huge bubble and was about to collapse, which led to the financial crisis.

200 1 September, David Ding was invited to give a lecture on "How to Deduct Network Economy" in the Century Lecture Hall of Phoenix Satellite TV. "Speech. The Internet bubble really burst, and the world began to question the future of the Internet. Finally, the host asked him to tell everyone in one sentence "How to interpret the network economy in China". He said: "The network economy in China will be as common as water pipes, and it will permeate every office and every household. "With the bursting of the Internet bubble, e-commerce quickly surfaced. But David Ding pointed out that "the popularization of e-commerce in China needs at least one or two generations' efforts".

For decades, Professor David Ding has always been committed to the research, exploration and discovery of financial laws, and has always been at the forefront of international financial theory and practice, creating a series of brand-new scientific financial knowledge systems, theoretical systems, discipline systems, teaching systems, method systems and management systems, making the original abstract and intangible financial world clear at a glance.

Professor David Ding always advocates science and firmly believes that science is supreme. Without science, mankind will fall into darkness and go extinct. Science must not be false at all, but must stand the repeated test of time and practice. For more than 20 years, I have been willing to be responsible for the objectivity, predictability, correctness, accuracy and independence of all knowledge and every point of view.

In 2000, Professor David Ding (in the middle of the first row) was invited as the chairman and presided over the China-US Financial Planners Forum organized by the American Association of Certified Financial Planners. On his left is the head of the American delegation, the former president of the International Association of Financial Planners, and one of the 250 top financial advisers newly selected by Fortune magazine. Also present at the forum were the former president of Peking University and senior executives of Chinese and American financial institutions, including senior executives of American financial giants such as the second generation of American Morgan family, namely, Little Morgan and Morgan III, Lincoln Financial Group, Peggy Securities, Integrity Investment and Morgan Stanley Credit Suisse.