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If you do n’t have faith, you can still have faith.
In the context of the global epidemic, confidence may be more important than anything else. The ups and downs of the stock market are alive by confidence. Take the Federal Reserve ’s emergency rate cut of 50 basis points on March 3 as an example. For the first emergency rate cut by the Federal Reserve since 2008, the confidence of US stocks has only risen for 15 minutes and has plummeted: the S & P 500 index closed down 86.86 points, a drop of 2.81. %, Reported at 3003.37 points; the Dow closed down 78.91 points, down 2.94%, to 25917.41 points; the Nasdaq closed down 268.08 points, down 2.99%, to 8864.09 points.
A paragraph said something like this: “US stocks are like a child with a sudden high fever of 40 degrees. The central mother and the Federal Reserve suddenly said to him,” I’ll give you a lot of money. Buy whatever you want and let yourself. Be happy ‘, but the child wants to’ lie, she suddenly treats me so well, I won’t have cancer ‘.
The general background is that on March 3, the number of new infections with new coronavirus pneumonia outside China exceeded 12,000. Two days later, this number has increased to 14,942 cases in 78 countries.
And For companies, financing is confidence, especially in the context of many reports that financing is particularly difficult now.
Then we saw frequent financing news in the past week or two-
On February 25, Weilai Automobile announced that its China headquarters will be located in Hefei, and plans to raise 10 billion yuan at the same time, causing the stock price to rise by more than 30% before the market;
On February 26, the autonomous driving company Xiaoma Zhixing announced the completion of US $ 500 million financing, and Toyota led the investment;
On February 26, Midea Group announced that it intends to apply to the China Interbank Market Dealers Association for registration of debt financing instruments with a total amount of RMB 20 billion (including 20 billion);
On February 28, SF Express announced that it had obtained USD 300 million in financing in the form of convertible bonds;
On March 1, Gree Electric announced that it intends to register and issue debt financing instruments with a total amount not exceeding 18 billion yuan;
On March 4th, according to the Wall Street Journal, SoftBank invested 1 billion U.S. dollars in Zoran through the Vision Fund, of which 500 million U.S. dollars were directly invested.The founders bought another $ 500 million in stock.
On the same day, Sina Finance reported that Shellfinance had completed the D + round of financing in November 2019. Participants included SoftBank, Tencent, Gao Ling, and Sequoia, with a total financing amount of more than $ 2.4 billion.
On the same day, Ziru and Shell Finding House, which belong to the same chain family, received $ 1 billion in financing. The most interesting thing is that the $ 2.4 billion round D + financing of Shell Finding House was completed in November 2019. After more than three months, its executives announced when retweeting the financing message: “Even though the world is complicated, we believe in the power of faith!”
The meaning of this sentence is undoubtedly to release confidence to the outside world, so that the market, investors and employees have confidence.
According to incomplete statistics, from March 1 to March 3, the top ten housing companies including China Shipping, Xincheng Holdings, Capital Development Corporation, and Overseas Chinese City revealed financing plans through various channels, involving a total of 52.13 billion yuan. . According to the financing monitoring data provided by the same policy research institute, it is learned that in the first two months of 2020, 40 typical listed housing companies completed a total of 168.3 billion yuan in financing.
In addition to these relatively large amounts of financing and proposed financing, there are countless SMEs financing from tens of millions to hundreds of millions of yuan. The concept conveyed is also to make the market confident and employees confident.
At the same time, the government is also releasing various policies to make the people confident, the market confident, and businesses confident.
On March 3, the People’s Bank of China, together with the Ministry of Finance and the China Banking Regulatory Commission, held a financial support epidemic prevention and control symposium and a teleconference. The meeting mentioned that the financial sector should follow the working ideas of “stabilizing expectations, expanding the total amount, classifying, renewing, creating tools, and implementing”, and pay close attention to financial support for epidemic prevention and control and economic and social development: < / p>
First, prudent monetary policy should pay more attention to flexibility and moderation, maintain reasonable and adequate liquidity, improve the macro-prudential assessment system, and release the potential of LPR reform.
Second, we must make good use of the 300 billion yuan special re-loan policy to provide rapid and accurate support to epidemic prevention and control and supply enterprises, and we must do a good job.
Third, we must increase financing support for areas, industries, and enterprises that are severely affected by the epidemic, strengthen financial services in key areas and weak links such as advanced manufacturing, poverty alleviation, and people’s livelihood and employment, and help resume work and production.
Fourth is to strengthen the financial service capacity building of small and micro enterprises, and make good use of the 500 billion yuan re-disbursement and special discount quota and 350A special credit line of RMB 0 billion for policy banks will increase inclusive funding support for small, medium and micro enterprises.
Fifth, adhere to the positioning of the house for living, not for speculation, and “do not use real estate as a means to stimulate the economy in the short term” requirements, and maintain the continuity, consistency and stability of real estate financial policies.
Since the mid-to-late February resumption of work, companies, especially small and medium-sized enterprises, have been thinking about the urgent issue of how to survive the epidemic and survive the crisis. In an article that Tiger Sniff interviewed 60 corporate CEOs recently, when answering the most important lesson learned by Tiger Sniff, they invariably replied: “Companies need to have sufficient cash flow.”
Many CEOs also said, “Confidence is more important than gold.”