I will definitely invest in China with the government. China city government is smarter and richer than me. I will put my money where they put it and in which industry they are willing to spend it.
Matters to be considered before investment:
I saw a very cheap thing, and I thought, this thing is very cheap here, but where is it? Is there a substitute? Can buying low and selling high make a profit? We will act immediately after reaching a conclusion. Optimistic about railways, agriculture, medical care and finance.
"In China, the impact of policies on the market economy should not be underestimated. Of course, European and American governments can intervene in the economy if they want. Therefore, I will definitely follow the government to invest in China. China city government is smarter and richer than me. I will put the money where they put it, and in which industry they are willing to spend money. " Rogers told reporters.
Rogers told reporters: "I didn't seize the two opportunities of 1978 and 1992 for China's reform and opening up. Now China is undergoing in-depth reform, welcoming new opportunities. This time, I noticed several industries: railway, agriculture, medical care and open finance. These all appeared in the report of China city government. I can see it, and so can you. "
Rogers talked to reporters about the extremely fresh topic in the capital market recently-Shanghai-Hong Kong Stock Connect.
"Although the Shanghai-Hong Kong Stock Connect will be implemented in six months, I can't wait to implement it immediately. Shanghai-Hong Kong Stock Connect has played an immeasurable positive role in promoting the economic development of China Mainland and China, including the full convertibility of RMB. The gradual liberalization of China's policies will definitely have a favorable impact on China's economy. " Rogers said.
When talking about his own investment logic, Rogers spread out his hands and said slowly, "In fact, what I can find and observe in China can be done by everyone in China. It's just that I observed it, and then after my thinking, I acted immediately. For example, when I saw a cheap thing, I thought, this thing is cheap here, but where is it? Is there a substitute? Can buying low and selling high make a profit? I love to think about what I have observed in this way, and I will act immediately after reaching a conclusion. "
Doing what others don't want to do and going where others don't want to go is the uniqueness of Rogers' investment logic. Fluctuations are inevitable, and the prospects are good.
"2 1 century belongs to China." Rogers reiterated this view to reporters yesterday.
Rogers believes that there is no doubt that China's economic influence in the world will become very important, but this does not mean that there will be no cycles of growth or recession. Therefore, it is normal for China's economy to experience twists and turns, which will not affect the long-term improvement of China's economy.
While optimistic about China's economic prospects, Rogers also mentioned several problems that China's economy is currently facing. "The first is monetary policy, including the fact that the RMB is not fully convertible, which will hinder economic development; Second, the substitution of energy needs further development. Many energy sources have not found suitable substitutes, and the reserves are not enough. Even those with sufficient reserves are constantly being mined. If we can't find alternative renewable energy in the future, it will greatly hinder the economic development of China. The third is water pollution. Although the China government has paid a lot of financial resources for this, it has not solved this problem so far. If it were me, I might spend more money. " The price of gold will fall and it will not be bought.
As a master of commodity futures, how does Rogers view the trend of international gold prices?
He mentioned that he would not buy gold now, but would buy it at another time node, that is, when the price of gold plummeted. "Because the gold in my hand can be used as a hedge, I won't buy it again. If the price of gold continues to fall, I will buy it when I reach a certain bottom line. "
As for the specific time node, he said that it is still uncertain. At present, the price of gold is relatively low, but it may rebound.
According to public information, Rogers likes gold very much, and he mainly looks at the value-preserving function of physical gold. Just when the reporter asked him about the price of gold, he took out gold coins from his pocket and showed them to the reporter. Change is unimaginable.
"1984, this is my first time in Chengdu. Compared with Chengdu now, it is not the same. " Rogers recalled that there were no decent restaurants and hotels in Chengdu 30 years ago, and now this place is completely different from Chengdu 30 years ago. Chengdu has changed a lot, the airport has improved, roads have improved and buildings have risen. There are many buildings under construction now. "If you have to choose a place to settle in China, this place is Chengdu, but after the house price falls." Jim rogers expressed a surprising view in Shanghai. He thinks that RMB may appreciate by 500% in the next 20 to 30 years (based on 2005), and says that he has never sold China shares and will leave them to his children.
Still full of confidence in China stock market, as of July 8, 20 15, he has not sold any China stocks. On the contrary, he bought Chinese stocks from the SSE on the 8th.
He believes that the Shanghai Composite Index has fallen by more than 32% in the past three weeks. When the market can bottom out, the bull market is based on climbing the wall of fear. Everyone needs a little fear, and the stock market will rise higher and higher. But if everyone is confident that there will be no problem, then there will be a real problem. But now when the market bottoms out, the stock market can rise in a more rational and gentle way, and this rise will last longer. Rogers became famous for his successful bargain-hunting of the Austrian stock market, and later bet on Singapore, Brazil and other multinational markets. His unique investment style of "betting on the country" is unique on Wall Street.
Rogers said at the summit forum of the "Invest Like Rogers" Center that in the past few years, he has been paying close attention to some corresponding measures taken by governments for the market. According to his long-term investment experience, the government had better not interfere too much in the market. "Just like the previous U.S. government, the central bank took a series of stimulus measures to rescue the market. As a result, there were many artificial bubbles in the market, which further led to market instability. So my point is that the government should not interfere too much in the market and let the market decide its own future. "
Rogers believes that there is no obvious bubble in China stock market at present, so the stocks he bought in China can even be held for decades. Rogers said with a smile: "I won't sell my China stock, but I will leave it to my two daughters, which will be a great wealth."
Rogers bluntly said that in China, investment should follow the direction of the government. If the government is willing to make key investments in certain areas, it means that investing in these areas can help investors achieve ultimate success. Rogers specifically mentioned1the Third Plenary Session of the 18th CPC Central Committee in October, 20 1 13. After that, he got a list of key government investment areas, including agriculture, railways, medical care and financial services. He cited his investment in some areas on the list as an example, such as medicine and environmental protection. He believes that the China government needs more medical systems and services, and is committed to improving the medical situation, so he bought a large number of medical stocks. The pollution problem is a serious problem faced by the government of China at present, and the government has invested a lot of money in pollution control. He advised investors to pay attention to related enterprises and trends in this field.