Who are the beneficiaries of this financial crisis? Where did all the money go?

No matter how popular it is, we should make things clear. Don't bother me to post so much content below.

Where did the money go

According to statistics, with the continuous decline of the stock index, the market value has evaporated by nearly 24 trillion from last year's high point. Where's all the real money? Some analysts say that there are five types of people who have made money.

The evaporation is amazing: 24 trillion.

What does "New Express" 24 trillion mean? 24 trillion is more than China's GDP in 2006; Equivalent to the construction of 18 Beijing-Shanghai high-speed railway; It is equivalent to the sum of nearly 344 Buffett assets, but such a huge wealth has disappeared invisibly.

Not only the market value of the stock market, but also the CEO of many listed companies quickly "evaporated" because of the stock market crash. Gome CEO Huang Guangyu's personal stock market value dropped from HK$ 654.38+00 billion to HK$ 5 billion due to the stock price crash. Vanke boss Wang Shi's stock market value loss was nearly 654.38 billion yuan, and the remaining 200 stocks in the incentive account lost more than 654.38 billion yuan.

Only a few trillions of actual capital investment.

There is an unbreakable scientific truth: energy is conserved and matter is immortal. In other words, nothing will disappear for no reason, and matter will exist forever. The same is true of stocks. Analysts said that although the China stock market claimed to have evaporated 24 trillion RMB, it actually invested only a few trillion RMB. It is these trillions of funds that have inflated the overall market value of A shares.

Zhang Yong, chief analyst of Great Wall Securities, believes that the stock market is a virtual economy, and the stock price is just a currency symbol, representing different numbers at different points. Two-thirds of the whole stock market is in non-circulation state, and the decline of circulation price has produced a certain leverage effect. "In fact, the stock market is a circulator of 4 trillion yuan, which incited the capital flow of 13 trillion yuan. The market value calculated at that time does not mean that the stock market really has so many currencies. "

For a simple example, you have three acres of land and sold one acre to others at the price of 1000 yuan, then the market price is 1000 yuan, and you still have two acres, worth 20,000 yuan. Later, that person transferred the land to another person and sold it for 20 thousand yuan, so the market price per mu rose to 20 thousand yuan. So your assets will be recalculated and become 40 thousand yuan. In the end, this acre of land was traded many times, and the person who finally took over spent 6.5438+0 million yuan, so the latest market price reached 6.5438+0 million yuan, and your assets have to be recalculated. You have 2 million. Later, when the economy was depressed, the person who finally took over the offer was forced to sell the land at a price of 6,543,800 yuan, and the market price returned to 6,543,800 yuan. Your assets returned to their original shape, from 2 million to the starting point of 20,000, with 6,543,800+0.98 million evaporated in the middle. In fact, it is wealth on paper, and there is no loss of real money and silver.

It can be seen that the evaporation of market value is not the same as the shrinking of real wealth. This spectacle of evaporation stems from the phenomenon of "marginal leverage", that is, only 10% of the stock trading on a certain trading day can bring the stock price to an incredible height, then the other 90% of the stocks that did not participate in the trading automatically share this "crazy glory". As a result, the market value is a monster, and it has its own reasons.

Five types of "people" made money.

Then some investors want to ask, since so much money has not evaporated, what about the money that actually evaporated? Has anyone made any money? The answer is yes. However, it is definitely not our retail investors who make money.

What about the money in the stock market? Where did it go? Analysts said that there are five types of "people" who make money, one is tax and brokerage income; Second, listed companies and their "size"; Third, people who have market information; The fourth is hot money; Fifth, there are few retail investors.

Category I: national tax, brokerage income.

Needless to say, as long as the stock market is still in operation, the state and securities firms will make money, regardless of whether the shareholders earn or lose, but the problem of more or less, ranging from hundreds of millions to tens of billions every year, is undoubtedly the contribution made by the shareholders. In the first half of this year, the stamp duty on securities reached 83.6 billion. In the first three quarters, the commission income of securities companies reached 79.92 billion yuan. Of course, this is a matter of course, and it is the same all over the world. We can only pray that the management can lower the tax rate a little.

The second category: listed companies and "size"

Listed companies and their "size" are also a big force to make money. The former relies on IPO, additional issuance, rights issue and other ways to circle money from the stock market. In the first half of the year, listed companies raised 224.4 billion yuan through various means. The latter relies on investors to cash out at high prices with real money and silver. In the first eight months of this year, the amount of non-reduced stocks was as high as 33.443 billion yuan.

The third category: insiders.

In this information age, information is wealth. In the asymmetric information market of the stock market, whoever has the information can make money.

There is a kind of people who, after getting reliable inside information, lend tens of millions or even hundreds of millions of money from the bank by virtue of their relationship, operate quickly within a few weeks or months, make a big profit, and then return it to the bank and withdraw from the stock market. No wonder some people say that the richest people in China are not those entrepreneurs who show their faces, but those behind-the-scenes "capitalists" who secretly mobilize billions or even tens of billions. It is also said that there are two main types of people who have accumulated private primitive capital in China: one is the privatization of state-owned assets; The second is the inside story of securities market transactions. This may be a bit exaggerated, but it is really thought-provoking.

The fourth category: fast-forward and fast-out hot money.

Hot money, that is, hot money, refers to short-term assets that flow between financial markets in pursuit of high profits. It has the characteristics of strong speculation, fast liquidity and obvious tendency.

Hot money in the stock market is characterized by fast-forward and fast-out. Generally, only stocks with an increase of 7% will be banned. After the daily limit board was quickly pulled up, a huge number of pending orders sealed the daily limit board. If it has absorbed enough chips before the daily limit, then the closing is only for tomorrow's high opening shipment. The next day, they will use funds to make the stock price go higher, then quickly pull up to lure more, and then sell quickly. The retail investors who are generally chasing have already fled before they can react.

The fifth category: few retail investors.

Of course, since the state-owned securities market in China, there have indeed been lucky investment experts with assets ranging from tens of thousands of yuan to hundreds of millions. However, this can only be in millions. For example, the famous stock god "Yang Baiwan", in fact, most retail investors who make money are lucky. However, more investors are going to hell. Recently, Yiwu, a small shareholder in Loudi, Hunan Province, reported by the media, entered the stock market for the first time in March last year 13. In one year, the savings and loans of 240,000 yuan have shrunk by less than 7,000 yuan, and his monthly salary is only 1000 yuan. The bill shows that in a short period of one year, this "stock god" made 500 transactions, paid a handling fee of more than 30,000 yuan and a stamp duty of more than 30,000 yuan, and the same thing happened to his two companions.

Retail investors' funds have a typical name called "silly money" in the history of world securities. Walter walter bagehot, editor-in-chief of The Economist, once described "silly money" in a classic way. He said, "The wealth we call" silly money "is extremely huge and desirable. If they throw themselves at each other, they will produce nouveau riche; If they conflict with someone, there will be speculators; If they flee quickly, they will leave fear and depression. "