Chinese officials took away all the core backbones of these financial state-owned enterprises and specially found a military base to conduct a large-scale capital market operation that lasted for half a month.
The reason is to keep it secret and not let the outside world know anything about it.
The outside world is speculating on the specific reasons for the turmoil in China's and even the world's capital markets.
Because it involves so many areas, it is these overseas Chinese concept stocks that are directly affected.
China's capital is shrinking, shrinking at an extremely rapid rate.
As for Big A, Big A is not as turbulent as the overseas capital market, because here only social security funds, medical insurance funds and some specialized industry investment funds are shrinking.
Since Big A belongs to the category where the meat rots in the pot, no matter how much the money is, it is here. When the money in A shares goes out, it is also within China. It is very difficult for capital to go abroad, especially in the past ten years.
The use of foreign exchange and overseas investment are extremely strictly regulated.
Underground banks in coastal areas have been cracked down one after another in recent years in order to lock up funds within the borders.
Therefore, in China, only some social security and medical insurance funds that cannot be shaken are swapping shares and positions, and the others are not actually moving much.
But even so, Big A's semiconductor sector directly ushered in a cold winter.
Semiconductor stocks, which had been flying in the sky because of the concept of localized substitution, plummeted almost every day, and the decline was even more exaggerated than that of China Internet.
After all, although many chip concept stocks have made great progress in the past ten years since 2018, they cannot support their current valuations when the demand for chips is extremely shrinking in the future.
In the past half month, most of the affected stocks were chip stocks and Chinese concept stocks.
Therefore, practitioners in the financial industry have speculated that because China has made major policy adjustments, some well-informed capital has begun to rush away in advance.
China's capital market, as well as China's overseas listed companies, are extremely vulnerable to policy influences.
Faced with sudden changes, the market is speculating.
No one dares to buy, only sell.
"Why has China suddenly made such a big move recently?
They're almost selling off overseas assets, and they're also selling off our debt. "
It is normal for China to sell off U.S. debt. It has been doing similar operations for the past ten years.
It's just unusual for the sell-off to be so large.
"Yes, many of China's mines in Africa have been waiting for the local situation to stabilize and were ready to start development, but all of them have stopped.
Regardless of their actions in the capital market, their overseas asset management, and the overseas operations of Chinese state-owned enterprises, it is a comprehensive contraction.
Isn't it that China is going to attack the eastern islands? "
"Probably not. At present, China's actions are limited to the economic field, and large-scale military mobilization has not yet been discovered."
"Didn't our secret agent in China send back any news?"
“The incident happened so suddenly, all our moles in China’s financial field were taken away.
No news has come back from them yet. "
The mole, also known as the mole, was coined by John Lea Carré in Tinker, Tailor, Soldier and Spy in 1974, as the metaphor became widely used.
"Wait, it seems that our old rival takes it very seriously and has completely blocked the key information.
But let the intelligence agencies make quick judgments. At this time, one day in advance is one day. "
"There is currently a saying that China has achieved a breakthrough in some key technology, which is why it has made such a big move.
This critical technology will cause turmoil in the entire economy.
However, the credibility of this statement is relatively low. A breakthrough in a single technology is unlikely to cause such a strong reaction from China. "
"Let all the secret agents in China be activated, synthesize all the information, and give an accurate judgment as much as possible."
The reason why Amerikan has never regarded China as a competitor is that even after China's GDP surpassed Neon and became the world's second largest economy, Amerikan's main target is still Russia.
Not only because of the influence of the World Island Theory on Amerikan's decision-makers, but also because of interests.
The group of capital that Russia attacked back then was on the surface bureaucratic capital after the end of the USSR, but in fact many of them were European and American capital behind it.
After that wave ended, Western countries, especially Amerikan, actually had very few interests in Russia.
China is different. When China was still weak, capital from developed countries continued to flow into China, so much so that if it wanted to decouple, both parties had too many interests tied up.
It's completely different from attacking Russia.
Therefore, interests are also very important.
In addition to the reallocation of state-owned capital, China also has very important work to study and judge the impact of virtual reality technology on real estate, and how to reduce the impact of the overall collapse of real estate.
The real estate collapse seems inevitable, and China has even delayed it for long enough.
But this effect needs to be mitigated.
For example, if a house that was previously worth two million is now worth only one million, and the home buyer still has a loan principal of $1.5 million to repay, then the home buyer will not be willing to continue to pay for this negative equity.
This is a case that has happened many times in China.
It will generate a large number of bad debts for banks and even cause the collapse of the entire financial system.
The previous decline in real estate values in third- and fourth-tier cities has forced local governments to adopt increasingly stringent measures to block second-hand housing transactions.
There was even a scandal in one place where the government required real estate agents to “modify” listing prices.
This is a very difficult subject.
But the good thing is that China has rich experience in dealing with this issue.
Even though these experiences are all experiences in dealing with the bursting of regional real estate bubbles, there is no experience in dealing with the bursting of global real estate bubbles.
But it is still experience.
The real world is always a process of constant compromise, breaking the old balance and reaching a new balance.
For Zheng Li, unless all the decision-makers who do not do things according to his wishes are killed, one by one will be killed.
Relying on the technical differences in the fields of information security and communications, he determined that all those who were unwilling to act according to his wishes and had decision-making power were killed or threatened with Merlin's curse.
It's just that this is not in line with Zheng Li's character, and there is also a hidden danger that it will cause collective rejection by Blue Star society.
According to Zheng Li's previous behavior in the outside world, the image of Zheng Li or Mei Lin among the people is quite positive. Even at the top, there is a majority who support cooperation with Zheng Li.
If Zheng Li engages in this kind of magical terrorism, he will basically give up cooperation, and many apparent cooperations will be hindered.
(The most important reason is to write it like this and wait to be taken down...)
As for Hua, they can ignore Zheng Li at all. In order to reduce the impact of new technologies on society, they can just not promote them.
You must know that virtual reality technology directly forces the Chinese government to solve the real estate bubble from a technical level.
For them, this affects all industries.
Just like before, the vast majority of Chinese people believed that the public share and off-plan housing systems needed to be changed.
Except for a few experts who stood up to support these two systems, they advocated such nonsense as canceling the shared area is not feasible, canceling the shared area or affecting the interests of home buyers.
The vast majority of people want to get rid of these two systems.
Off-plan housing still has a certain rationality. Public stalls are not like this anymore in Xiangjiang, only Huaguo is still doing it.
Why not cancel? Because the reform requires a new system and at the same time balances the interests of home buyers, real estate companies and local governments, and breaks the existing balance, I have not thought about how to change it.
Only in two aspects that have such a small impact on real estate, Huaguo feels constrained and unwilling to change.
Why is China willing to let go of control over virtual reality technology that affects all urban real estate, and the bigger the city, the greater the impact?
In fact, if they really wanted to take control, Hua Guo could just stop allowing companies under Zheng Li's name to deliver goods.
The essence is still the difference in tongzhan value. As a visitor from a different civilization, Zheng Li has a unique tongzhan value in the entire Blue Star.
Zheng Li still has a lot of technology at his disposal. Only with a good foundation for cooperation can he discuss the follow-up.
Both Hua Guo and Zheng Li need to make compromises.
The most valuable thing Zheng Li has for Blue Star is the life-extending potion.
What he took out was only the castrated version. The full version can extend the life span by about twenty years. If the magic plant can be successfully cultivated, it can extend the life span by fifty years.
When the real life-extending medicine is introduced, China may be able to resist the temptation by relying on its mechanism, but no one in the Western countries can resist the temptation.
(I won’t go into details about the specific mechanism)
...
"Hello everyone, my name is Li Miaomiao. This fall Kechuang Biotech will release an epoch-making product.
From the first generation of brain-computer connected VR to the third generation of brain-computer connected VR, Kechuang Future has always brought the most cutting-edge virtual world experience to users.
And this time we will release the latest generation of virtual reality products-Future for the first time in the name of Science and Technology Biotechnology.
It will bring you an unprecedented experience. This is the most exciting product since the establishment of Kechuang Biotechnology. "
Li Miaomiao in the video is holding a white virtual reality organism in his hand and continues:
"This is the future."
The video ends abruptly.
After the video was released, it instantly detonated the entire Internet with the help of the official website.
"Virtual reality? Did I hear you correctly?"
"What is she talking about?"
"The future? This time, the new product of Science and Technology Biotech has directly removed VR, and it is directly named after China."
"Isn't it really a virtual reality device?"
“I didn’t expect that virtual reality would be realized first compared to controllable nuclear fusion.
I’m not even close to the end of my lifetime and I can already see virtual reality technology. "
“Real VR gear, fake VR gear.”
Netizens compared the white sphere in Li Miaomiao's hand with the third-generation brain-computer connected VR previously released by Kechuang Future.
"I just want to know how it is done? I always feel that this technology is far away from us."
"Even if Kechuang Biotech puts the information in front of you, you won't be able to understand it."
"That's it. I just bought the top version of FutureVerse. Now I bought it for free. Can I get a refund?"
"Now major manufacturers such as Microsoft, Sony, and META were dumbfounded. They had just connected their brains and computers to play with VR, and Kechuang Biotechnology changed hands and took out the virtual reality equipment."
“It’s most likely a gimmick, or a new technology released based on a breakthrough in brain-computer connection technology.
It is unlikely to be a virtual reality device in a film and television work.
That technology is too far away from us. It may not be possible to achieve it in a hundred years, let alone fifty years. How could it be so easy to achieve a systematic technological breakthrough? "
"If Kechuang Biotech comes up with only 50% realistic virtual reality equipment, the entire Internet industry will be subverted."
In fact, virtual reality equipment does not have the concept of reality.
At the macro level, for example, touch, taste, smell, etc., can achieve close to 90% similarity.
But at the microscopic level, such as simulating molecular motion and simulating the reaction between atoms, it is not possible even 10% of the time.
Reality is just Blue Star's fantasy of virtual reality technology. Actual technology is not measured by realism at all.
“I highly doubt that Kechuang Biotechnology was digging a hole when it licensed its brain-computer connection technology to external parties.”
"It actually has to wait nine months. I want to experience virtual reality technology right away."
Not only Chinese netizens are excited, but overseas netizens are also excited.
In the past ten years, Kechuang Biotechnology has not only been regarded as a benchmark for technology companies in China, but also a company with unique technology in China in the world.
Overseas, Kechuang Biotech's products also have a lot of fans.
Even though neuralink’s brain-computer connection technology later came to iPhone one after another
pro series, but overseas users still think that the brain-computer connection mobile phone equipped with Kechuang Biotech is the smoothest in use.
Therefore, the video posted on Twitter by the official channel of Kechuang Biotech also attracted comments from foreign fans and digital enthusiasts.
"I couldn't believe my ears, oh my God virtual reality! Is this the virtual reality that I understand?"
The translation on Twitter is not directly virtual reality, but adds the prefix real, implying that none of the previous ones are real virtual reality.
Previously it could only be considered a transitional product.
“The future looks like no other brain-computer-connected VR, nor even like Kechuang Biotech’s traditional VR products.
It is a very simple white sphere, and it seems that there is no place to wear it.
People have reason to be excited about 'the future', not just because it looks cool and futuristic.
What’s more important is that Kechuang Biotech claims that it is true virtual reality.
In my understanding, it needs to be at least as good as the one in the movie "Ready Player One" ten years ago to be considered virtual reality.
I am looking forward to whether the future of science and technology can achieve the virtual reality shown in film and television works ten years ago.
If it can, then I think the whole world will be changed by it! "
“Personally, I still believe in the words of Kechuang Biotechnology. After all, when they released the second and third generation brain-computer-connected VR, the final products and advance publicity were not exaggerated at all.
The Chinese are surprisingly modest in this regard. "
