Now Carrefour, Suning Easy offered 4.8 billion yuan to buy 80% of Carrefour China. On September 27, Suning Tesco issued an announcement saying that the equity settlement has been completed. Carrefour issue was actually better if I could make a separate video on. Carrefour entered China in 1995. It is now a captain of industry with more than 200 supermarkets and 10 million members in China. Carrefour China had a good start. However, due to its own operation and the arrival of the e-commerce era, it had run at losses in the later years. 

The market was not casual on November 11, 2019. On this very day, Zhangzi Island announced that scallops had once again "massive natural death.” Maybe someone is confused about this matter and why was it chosen by me for this financial affairs video. Firstly, because this is the world-famous Black Swan incident, and it lasted a pretty long time and the story was funny, so why not? 

Time has come to the end of 2019, December 10. The largest A-share IPO in 10 years—Postal Savings Bank’s A-share IPO was completed. The subscription scale was almost 1.3 trillion, which sounds like a happy celebration, but for us in the financial circle This kind of project would only become less and less after each consumption. After the deal was completed, all the six major banks will be listed on the A+H market. For investment banks, no more profit simply means all the profit is gone. Also, at the end of the year, Ali officially returned to Hong Kong stocks on November 26。 The margin of increase was 6.65% on the day of listing with a total market value of HK $ 40143 billion. Based on this calculation, Ali HK shares surpassed Tencent and became the largest market capitalization company in HK stock market. Until January 6th, Tencent’s HK stock market value was 365.1 billion, and Ali’s HK stock market value was 45284 billion. Market value gap continued to widen. These two Boss Ma, one from an ordinary family, another one who regretted creating Alibaba, as far as now in the capital market, the boss whom had no interest in money was leading the game.

At the end of 2019, in addition to the Postal Savings Bank and Alibaba's good news. China and the United States announce the conclusion of the first phase of the trade agreement on December 13. It’s not a ceasefire, it’s just an agreement that the war won’t escalate in the future. 

On 12.28, the central bank announced the conversion of the stock floating rate loan pricing benchmark to LPR. Which stirred the hearts of house buyers, many people came to ask me about it. This LPR is a new interest rate formation mechanism. The central bank switched the previous interest rate anchor from the original benchmark interest rate to LPR. They just simply switched the way of calculating. The government way of guiding interest rates changed, that’s it. Of course, various conspiracy theories began to emerge on YouTube. Adding few bites of  words about the property market and the economic situation. They just wanted you to believe that the market is gonna burst very soon! Let me put this straight, you don’t have to worry about how this affects the house price, it’s not a disguise for cutting interest rate, and there is no conspiracy. Switching to LPR was essentially strengthen the guiding power of interest rates, at the same time cutting the "interest spread" for banks which enables our interest rate policy to be better transmitted through banks. To make the real economy a little better and transform from abstract to concrete. The central government obliviously has its own game playing on the board. For those who are concerned about mortgages and want to know how to make a choice can go and watch the video of “Liyongle Laoshi”about LPR. I won’t talk a lot about it in case you cannot absorb it. All you requested was solid contents, but it turned that the series of capital and celebrities had the best enthusiasm. Hum that’s pretty funny isn’t it? So that is why I have to balance my contents between both sides.

In addition to LPR, another major event in December was the amendment of the securities law. Remember the foreshadowing I left in the science and technology board? Newly revised securities law clearly promotes transition from approval system to registration system. The requirement of the stocks to be issued changed from [continuing profitability] to [having continuous operation ability] and cancel the Issuance Appraisal Committee. To simplify this, the approval system was where everyone has to queue up to hand in the materials. The company could only be listed when the inspectors think the company will continue to make a profit. Since the threshold is high, so the amount of listed companies was few. Besides, more money with less meat plus imperfect delisting mechanism led to the situation where some companies became brutal and reckless once go listed. Such as taking the advantage of illiterate scallops(poor scallops) And you can see the registrations system like this: The companies won’t need to be investigated, as long as the statistics are not lying, “you can u up.” The number of listed companies will increase rapidly, but the company was left to the market force to determine its true nature and potential. Good companies will be sought after by investors, and poor companies will of course be cast aside. Of course, we need a process to transform from the approval system to the real registration system. In short, it could fully realize the price discovery function of the capital market. Filtering out quality companies, and junk companies will die, ingloriously.

2019 is about to flip its page, do you think this is over? Nah, there’s one more crucial matter. The very one that everyone is joking about—achieving a comprehensive poverty alleviation. I wonder those who says they belong to “poverty households.” Are you guys still there? Making fun about this is ok, but I must make clear that the idea of getting rid of poverty does not mean getting rich. Plus, from the private message you sent me, you guys are not only poor, but also hiding some sick stuff. According to Xinhua News Agency, On December 15, Liu Yongfu, director of the State Council's Poverty Alleviation Office, stated that the estimated reduction in the poor population would be more than 10 million in 2019. More than 95% of the poor and more than 90% of poor counties can get out of poverty.

So far 2019 has drawn a round and nice period, 2019 was a year of haze and turbulence. It was also a year of parade formation and a new year of opportunities. For me it has really changed a lot of my life. I quitted the investment bank job and started to fight on my own which then left me facing the cold-bloodedness of capitals along, or maybe the “steadiness”(rhyme with winter) On the other hand, I registered an alt account and released a few videos online, then named the account Necromancer Financial. You know all the story after that, many more financial content creators had emerged. I know that my updating speed does not match up to your desire of watching the video. I also dug a lot of holes for myself, but I would not improve the quantity if it’s at expense of quality. That’s why I am thinking of recruiting one or two guys who are based in Beijing to help me. Commissions include both main and subsidiary sides, the job is mainly dealing with general affairs(like an assistant) I will still be in charge of the content creating part, otherwise…there is no otherwise! I will definitely be seeking to profit immediately even with a team. I can still afford a team of one or two guys. In the future, I will still take a path that mix solid knowledge and interesting economic science. Economics and financial are not as far from you as you think it is, they are related to each and every one of us’ life. I am pulling this fancy concept of economy and finance down from the sky and tear its mask apart. I truly do hope that what I have done could encourage more experts or worker to advocate and talk about their occupations. Not only for economics and financials, there are TMT（Telecommunication，Media，Technology）， law, medical science, fashion industry, architecture, Retail, design, entertainment, catering and etc. Knowledge barriers do exist in every industry. There is no shortage of speculators who use industry barriers to misguide or even deceive others. I can’t be sure about other occupations, but at least in the financial industry these folks are leading the fashion. So, I hope you can see from me that Capitals should not be flattered nor to be feared. Deducing from every trivial detail while weighing up the costs and benefit to analyze every matter( it’s a rhyme) That’s what we do here. I believe that the knowledge barriers of every industry have their maximum load capacity. The appearance of every content creator on Bilibili Is all about speeding up the demise of that barriers.

At last, CNY is coming very soon, as a financial channel, I should wish you all to be hella rich, but….I won’t！I have shown you an extraordinary world in this channel, but in reality, how can there be so many last-minute counterattacks and flipping of a losing game. We all just live an ordinary every day that could not be more ordinary. Rather than having a surprise, I want to wish you guys to not have any shock; No shitty matters in 2020, no hospital visits, families loving each other. Don’t think of making a big new every day, there exists only one single heroism in this world—That is hugging and loving your life after realizing how fucked up it could be sometimes. Capital never slumbers, C U