Source： Updated ：2016/03/24 Hits：
On the afternoon of Mar. 24, the 12th “Qingdao Jinjialing Wealth Management Salon of Financiers' Club” hosted by SUFE Qingdao Wealth Management Institute was successfully held in Hyatt Regency Qingdao Hotel. Qi Jiabin, Member of the Standing Committee of the CPC Qingdao Municipal Committee and Secretary of the CPC Laoshan District Committee, Bai Guangzhao, Director of Qingdao Municipal Financial Operation Office, Xin Shuren, President of People's Bank of China Qingdao Central Sub-branch, Yang Baolin, Chairman of CITIC Securities Shandong Office, Xia Zhengqi, Member of the Standing Committee of the CPC Laoshan District Committee and Executive Deputy Director of the Management Committee of Jinjialing Financial Area, Qingdao, Sun Xiangyang, Deputy Director of Laoshan District People's Congress, and more than 300 senior managers from financial institutions and large enterprises participated in the salon. Mr. Shui Pi was invited to make a speech on Trend of 2016 Stock Market and won highly praise.
All seats were occupied on the venue
The appointment ceremony for part-time professors of the Institute was held before the salon, and Mr. Shui Pi was appointed as a part-time professor. More authoritative academic information would be accessible to students after Mr. Shui Pi’s joining in, leaving important significance in promoting further development of disciplines of the Institute.
Shui Pi pointed out in his speech that the share price would not invert but bounce. It was both subjective and objective factors that lead to the bounce.
Shui Pi indicated that 2,638 points is indeed a low level. When the stock drops from 3,600 points to 2,630 points, namely, decreased by about 1,000 points, it is impossible to decline 500 more points and no one will sell his share at this level. Therefore, the stock will not drop if there is no bounce, and repetitive falling will definitely bring bouncing. This is one of the objective factors.
The other objective factor is the postponing of FED interest rate hikes. “The postponing influences the global capital market, including the share market, foreign currency market, and bulk commodity future, and that’s why the closing price is higher than the opening price for consecutive 7 days in terms of the Dow Jones Index.” said Shui Pi.
The subjective factor is related to Liu Shiyu, Chairman of China Securities Regulatory Commission (CSRC). From the cease of fusing and strategic emerging board to the postponing of the registration system, burden alleviating was the major strategy adopted by Chairman Liu last month. It should be said that the influence of bad factors is less than expected to some extent.
As for 2016 stock market trend that catches widespread public attention, Shui Pi indicated that the stock market might witness some optimistic opportunities, however, the major trend would be oversold bounce this year, after which it would fall back this year.
In addition, an entrepreneur forum was held by the Institute and CCPIT Qingdao Sub-Council in Shangri-La Hotel based on the requirements of numerous entrepreneurs and financiers after the salon in the afternoon.
Shui Pi is Chief Editor of China Times and a famous financial critic. With sharp and humorous writing style, careful observation, and profound comments, he successfully predicted the turning point of the stock market for many times. His accurate prediction on the 2015 stock market crash in the 4th “Qingdao Jinjialing Wealth Management Salon of Financiers' Club” hosted by the Institute in last May helped the attendees successfully avoid the crash risk in June.
The reporter learned that SUFE Qingdao Wealth Management Institute was built jointly by Qingdao Municipal People’s Government and Shanghai University of Finance and Economics (SUFE), which is an independent institution as a legal person. After more than a year of development, SUFE Qingdao Wealth Management Institute has successively established many education programs, i.e., offering courses such as “Shanghai University of Finance and Economics & University of California-Berkeley Master of Finance Program, Advanced Financial Courses Program, EMBA, and “Innovative Financial Investment and Capital Operation”; it has designed some customized courses, according to the requirements of financial institutions, enterprises, and government and provided corresponding teachers; and it has provided high-level training for the enterprises and public institutions, financial institutions, and government and social organizations in Qingdao and even the whole Shandong Province.
Up to now, 12 sessions of “Qingdao Jinjialing Wealth Management Salon of Financiers' Club” have been successfully held. Xiang Songzuo, Chief Economist of the Agricultural Bank of China, Tian Tao, Consultant of Huawei International Consultative Committee, Ma Guangyuan, famous independent economist and financial and economic commentator, Xu Hongcai, Director of Economic Research Section of China Center for International Economic Exchanges, etc. have been invited to attend the Salon. These specialists and scholars developed the lectures concerning the present hot economic issues in China such as macroeconomics, company management, real estate, and stock market, contributing the power from the academic circles to the financial ecosystem in Qingdao.
New book signing ceremony of Shui Pi is held after the activity.