Stabilize the stock market, the situation of the disaster area

 Stabilize the stock market, the situation of the disaster area
Fudan University, Research Center for financial and capital markets director

Professor Xie Baisan
2008 年 5 12, Wenchuan earthquake precursors in the case of no place, so far,

to determine the deaths of our compatriots to reach 1.95 million. Over time,

this number will grow. China Securities Regulatory Commission quickly

decided to suspend more than 40 companies in Sichuan. The central bank

unexpectedly announced that once again raise the reserve ratio, at 16.5%.

the stock market first or after the rise, and then stabilized. I can not

calm down specifically how to talk about the stock market, let us first talk

about the disaster it feels.
one grief: the number of how many children home
When we look at to a boys and girls by the PLA to hold, crying, unable to

help out, we feel very sad, we all man lookin.
our grief: Sichuan, Chengdu, Meishan, (Not long ago I just lectures have

been to); Qingcheng Mountain, Dujiangyan, Deyang, Mianzhu, even Square, the

familiar beautiful, very pure scenic areas, even instantaneous such a sudden

disaster. how many people are purged. we feel very sad.
I Recommendation: We have to claim to help child victims of these parents,

until they are able to support themselves.
II admiration: the people of Sichuan are brave, strong and united in grief
, we have great admiration , respect and pride. Sichuan disaster area is not

much crying, people are strongly self-help and mutual aid. people calmly and

mutual assistance, coping with this natural disaster. Sichuan people worthy

of a heroic people. from the modern history of the Paul movement, to

Taierzhuang all the anti-Japanese war in the heroic sacrifice Sichuan army,

to the bravery of earthquake relief. It is clear that the people of Sichuan

disaster relief is their most important and arduous, the most difficult,

from rescue to dig brick blood donation, donation, for their own desperate

efforts to be buried with the fellow.
Sichuan's Liberation Army rescue team, not afraid of hard continuous

fighting, the night rushed to Wenchuan, moving, admired around the clock,

forced march of 200 km, one to save people, they are admirable.
Sichuan TV day and night, worked around the clock to broadcast the disaster

reporting, we are not afraid of hard work for the announcer's spirit. Her

determination, calm and add a bit of Sadness infected with a national

audience.
three emotion: the Chinese government's quick, fast response and strong

leadership of the illness of Comrade
*** and the fastest person to make written comments to the disaster area to

visit the affected people. Premier Wen Jiabao flew night to Dujiangyan, on-

site meetings, directing, showing a great country strong Prime Minister in

the face of disaster calm, fearless demeanor, infection, and encouraged the

people of disaster areas and relief.
Sichuan government at all levels from central to the rapid response to

disasters timely rescue, and the strong leadership of an orderly, so that

the disaster to minimize damage to the best of its ability, a relatively

small extent. with the recent military government of Myanmar, the Chinese

government's leadership, response capabilities, emergency response

capabilities, The ability to unite the whole nation marked A + +.
four, beliefs: the Chinese nation is the earthquake does not collapse, the

pressure does not fall in
5.12 earthquake, people across the country at an unprecedented rate into the

national disaster relief; from Beijing to Shanghai to the remote mountainous

areas, from the national authorities to the factories and mines, schools,

rural areas, to Hong Kong, Macao compatriots, overseas, students, and 13.5

billion Chinese people all the action, money money, the resistance effort.

everyone to donate 100 yuan, that is, 130 billion to rebuild the affected

areas can, to all primary and secondary schools can be rebuilt.
troubled the Chinese people since ancient times, but has never been so

united self-confidence, a strong patriotic spirit and national solidarity.
Take a look at today The Universal, who is not the unity of the Chinese

people, patriotism, love of fellow, unselfish, not afraid of the disaster

touched by the spirit not afraid of difficulties, and proved not long ago

that the abuse of our CNN, why in today's apology to the Chinese people, see

foreign politicians dare to say bad things about the Chinese people do?
people of the world own eyes and draw its own conclusions, the Chinese

people will be entirely a matter of self-esteem, self confidence, vitality

and great nation of vigorous power tower in the world of the forest.
V. Comparison: Tangshan earthquake in 1976 compared
1, China's stronger unity, the Chinese government reacted quickly sharp. was

a driver to drive hundreds of miles, the car moved into Zhongnanhai , Bei Hu

said: Tangshan, all over; report of the Central People do not know the

epicenter of the Tangshan disaster, serious things to know.
Today, the Central, the State Council to act immediately flew to the

disaster area, requiring forces to promote active , a forced entry.
2, CCTV, Sichuan TV coverage 24 hours a day, more open and let the people

know everything.
3, had not received assistance from overseas countries, and now readily

accept, and readily agreed Welcome to Japan, Russia, South Korea, Singapore

and other nations rescue teams into the disaster.
the world and the Chinese people before the disaster, has become more

friendly, caring and harmonious.
six, Reflection: Sign reconstruction, alterations school building facilities
see so many teachers, school children were killed, our hearts sad exception.
suggested that the state departments, education departments, local

governments, as soon as possible to review what we have facilities near the

school building. The demolition of the demolition, the reconstruction of the

reconstruction; must have more than seven seismic capacity. the students are

the future, there are countless of them scientists, entrepreneurs,

politicians and talents.
especially scientists Siguang predicted the earthquake in China more than

four area around the school to look up a good building, not enough to take

advantage of the summer up reconstruction, renovation, financially out of

some money, some local governments, businesses donate some, people out of

some. urgent. to pick the best of the best trust construction companies to

dry (such as China Vanke, Changzhou Jiuzhou Group, and other).
the bloody lessons, in exchange for the country to the re-examination of

school buildings and redevelopment. prevention is more important than saving

a hundred times. From an economic point of view Look, the public property,

often become the property of unclear property rights. after a few builders

know that people will not be held too tightly, so the quality is

perfunctory, unreliable. but they are the government, the public security

organ of the building will not dare to effect.
July and stabilize the stock market, that is, relief
5 12 earthquake occurs, the Shanghai and was felt across the country, but

the stock market is near completion, and thus little impact. But at the same

time spread the message with the earthquake, it is People's Bank of China,

raising the reserve ratio to 16.5% of the notice; although the CPI up 8.5%,

it is well prepared, but increased again after all, has become one of the

world's highest levels, people whom my heart faint unease, especially in the

day of the earthquake.
It is reported that some departments regret afterwards. However, due notice

has been issued at 12 noon, has been powerless to change the.
reserve rate of 16.5%, only a few countries in the world higher than China,

but none is a big country. raise the reserve ratio rate or the fear of not

Tilly overseas hot money to enter, while the lower the deposit reserve rate,

you can save a lot of interest, which have a greater impact on the currency

market, on the bonds slightly impact. but, as has been very tight in

practice the amount of system management, therefore, the equivalent of

handcuffs together with a yoke, the actual lending of commercial banks have

little effect. because the amount is the most compact.
CIS countries have now reached 20% of a country's reserve ratio, we will

reach such a high Mody.
make the wrong response to contrast with the central bank is the China

Securities Regulatory Commission. CSRC fast response, so that Sichuan and

related sectors immediate suspension. It is reported that the management has

conducted a briefing on people, say hello, to listed companies, To stabilize

the stock market.
this is, there are 6,000 million investors (130 million accounts) of the

stock market stability, reflecting China's political stability and

confidence of the people.
We hope that shareholders of listed companies and funds We understand this.
eye of the Bank on May 15 the size of 132 million shares of non-lifting of

the ban, more than 1,000 shareholders (the proportion of only a few

shareholders of more than 1%), fell only 0.1 per day, the next day or the

0.2-0.3 million, it is gratifying.
during natural disasters, the stock market will react .1997 Comrade Xiaoping

died in February 1998, large floods, this is the same. Chinese people,

Chinese investors will be able survive, to tomorrow.