Li Delin: How Long Can Bullets Fly?

A big broker's friend at the middle of the night is worried about a problem. If the share price continues to limit, it will issue a notice according to the rules of the game promise that there will be no major events within three months.

A securities company president told me this joke, "now we are lying to make money and where to go."

After being bullets in the bull market, it rose by 84% in just half a month.

Today, "dling explosion" tells us, "how long can a bullet fly?"

Over the past five years, brokerages have become the focus of the financial industry.

The "real estate agency", relying on heaven, earn commission.

The continuous bear market has made the whole industry full of big guns.

The bull market wants to come first.

It is natural that brokers are the biggest beneficiaries of the bull market.

However, it is impossible to understand the real insurrection of the broker in this simple way of understanding brokers with "bull market thinking".

Times have changed! We must look at macro thinking and incremental thinking.

Brokers are no longer the securities firms in the past.

Originally, it can only be a drought and flood insurance company. It is guarded by brokerage, investment banking, self financing and information management. It is fully catering to the sky. The market is delicious, and the market is bad.

But now, brokerage firms are learning to build Vanke houses, providing more products and services, and taking advantage of banks and funds.

The capital intermediary business, led by margin trading, has made the banking fund crash.

That is to say, the 800 billion yuan financing market that has entered the stock market has dried up the work of bank loans.

The single financing can bring 30% revenue to the broker.

Even this is the old yellow calendar, now the broker can carry the will of the country.

An important part of the Chinese dream is economic development.

What is the development of economy? The multi-level capital market system with the core of broker is the engine of economic development, and securities companies play an irreplaceable role in the national economic pformation strategy.

Now the dream of securities companies is in this wave of national asset securitization.

The government has drawn the way of asset securitization for enterprises, small and micro enterprises listed new three boards, innovative enterprises on GEM, small and medium enterprises on medium and small boards, mature enterprises on the motherboard.

The future registration system will open and work together.

The listing of enterprises depends on the sponsor of securities companies.

If you want to go public, you can find the intermediary business of the company.

Wash bath, makeup and eyebrow for the enterprise, and the broker will have a whole package, enough bright and blind.

More importantly, the scale of financial assets is more than 200 trillion, with less than 3 trillion of brokerages.

In the last round of bull market, CITIC Haitong accounted for more than 6.7% of the market value of the total market value, which is now less than 2.5%.

As of December 5th, the total market value of the 19 brokerages accounted for less than 4%.

The whole industry is full of imagination in the future.

How long can a bulwark of a broker fly?

There is a problem worth paying attention to. That is whether the pig can drive other brothers to take off and form plate rotation.

Now the bullets, the pigs and the elephants are all in the sky. Once the most pessimistic people are optimistic, even the shoeshine shoes are beginning to stir up stocks, and the main capital inflow is slowing down, so that the stock companies will see the top.