?! Dan Bin and Ren Zeping quarreled in the air!

Synthesized from Brokerage China, China Fund News, Ren Zeping Weibo, Dan Bin Weibo

Dan Bin and Ren Zeping scolded each other on the hot search.

Under the sharp fluctuations of the A-share market, various views are opposed.

But Bin was angry with investors

On October 2, Dan Bin gave an analysis of the market before the National Day: "If it soars like this, there will be a plunge, if it is trapped again this time, the mobilized forces have been mobilized, and the solution will be far away" "A handful of addiction, after this village, there will be no ............ this store"

As for Dan Bin's remarks about the sharp fall after the warning surge, most investors did not buy it.

Some investors believe that Dan Bin, who has a heavy position in U.S. stocks, is sour, and has set foot on A-shares and Hong Kong stocks, and the valuation is still more cost-effective than U.S. stocks after a few days of skyrocketing. "Now 3300 points, it's not much risk" "It's been down for so long, and after a few days of rising, it's not appropriate to prematurely remind the risk" "Only Nvidia is allowed to rise, and AH shares are not allowed to be lit" "When the seven sisters of U.S. stocks are equivalent to the market value of all A, are you rational? It is also said that Nvidia will rise 5 times"......

Ren Zeping: No. 8 A shares closed at the opening

is completely different from Dan Bin's point of view, Ren Zeping sings more during the holidays. He wrote on Weibo: "It is expected that A-shares will close at the opening, and you can leave work early." Therefore, it is recommended to hold shares for the holiday before the holiday. However, as of today, the Weibo content is no longer visible.

On the 8th, the A-share market ushered in the first trading day after the National Day holiday, and the A-share market "shook" on the morning of the same day, with the Shanghai Composite Index rising more than 10% violently at the open, but then the gains narrowed sharply.

As of the close of the day, the Shanghai Composite Index rose 4.59%, the Shenzhen Component Index rose 9.17%, the ChiNext Index rose 17.25%, the Beijing Stock Exchange 50 Index rose 24.71%, and the turnover of the Shanghai, Shenzhen and Beijing markets was 3,483.5 billion yuan, an increase of 872.1 billion yuan from the previous day. More than 5,000 stocks rose in the two cities.

But in the following days, A-shares moved lower. On October 9, A-shares pulled back, and the end of the market accelerated downward, with the Shanghai Composite Index falling below 3,300 points and the ChiNext Index falling by more than 10%; On the 10th, the three major A-share indexes fluctuated widely, as of the close, the Shanghai Composite Index rose 1.32%, the Shenzhen Component Index fell 0.82%, and the ChiNext Index fell 2.95%; On the 11th, A-shares continued to fall, and the Shanghai Composite Index closed at 3217.74 points, down 2.55%; The Shenzhen Component Index closed at 10,060.74 points, down 3.92%; The GEM index closed at 2100.87 points, down 5.06%.

Dan Bin and Ren Zeping scolded each other

On October 10, Dan Bin posted: "I warned on October 2...... And I was ridiculed for warning of the risks! ”

On October 11, Dan Bin said, "Should the 'experts' and 'scholars' who shouted the bull market and made shareholders rush in and some self-media authors come out to apologize?" Of course, I know that the vast majority of these people will still be 'hard-mouthed', and some will delete what they have said and what they have posted, as if nothing has happened...... I am afraid that the most bitter thing is the 'investment novice' ...... who buys stocks."

Ren Zeping issued a suspected response on October 11: "Recently, some bizarre views have not only been in vain, but also shorted China's economy and public policy at a critical time, and they are professionally incompetent ......."

According to Ren Zeping's analysis, the Supreme Council made it clear that efforts should be made to boost the capital market and increase the countercyclical adjustment of fiscal and monetary policies. The central bank, the China Securities Regulatory Commission, the Ministry of Finance, etc., have expressed their stance and come up with real money policies to save the market. "What do some people think when they are singing short and bearish at this time?"

At the same time, Ren Zeping hopes that this time the policy will continue to exert force, the economy will bottom out, and the stock market will grow slowly. He continued to tweet: "This is the best response to all the bears who are short on China's economy inside and outside." It is suggested that the bears of the stock market can be bearish on the stock market and express different opinions, but do not be bearish on China's economy and policies, and put forward more constructive opinions......"

Although he was not named, Ren Zeping's comment area below Weibo pointed to Dan Bin, and netizens commented: "I am on the same page with Mr. Dan." ”

On the morning of October 12, Dan Bin issued a response to Ren Zeping: Regarding Mr. Ren Zeping's "rhythm", I want to say that as an economist, we should be rational and objective, rather than using "conspiracy theories" and populism to try to divert attention and attention. I have no opinion on Mr. Ren Zeping himself, I used to often turn his articles, mainly because the data in the article is worth referencing. However, there are different views on his "opening and closing" and advocating a big bull market, especially in the context of "the big move of deposits to the stock market...... I think as an economist it is better to be more "rational and objective" and not impulsive!

In addition, there is no problem of going short, the U.S. stocks, A-shares and Hong Kong stocks held by the fund I am responsible for have not moved, and there is no change in long-term investment, and I am optimistic about artificial intelligence and China's core high-yield assets...... Up to now, Oriental Harbor has achieved excellent results this year after winning the championship in the 10 billion private placement ranking of 10 billion yuan, and hopes to have better results at the end of this year.

I have no other opinions on Mr. Ren Zeping, the judgment on the direction of the stock market, seek common ground while reserving differences!

On the afternoon of October 12th, Ren Zeping posted on Weibo again: A casual search, whose company is this Oriental Harbor, such a poor product performance, has lost five or six percent, this is not a short, short-selling is not more, it has lost so much, this is the hard-earned money of the people. Remind others to pay attention to the risks, this is more risky and more to lose when buying Oriental Harbor's products, and acting can't be like this. I have failed the trust of investors so many times, have you come out to formally apologize to everyone?

I didn't mention the names of people in my previous posts, hoping that some grotesque people can change their mistakes and repent and reform themselves. In the context of the country's active rescue of the market and the economy, isn't it painful to have a bad conscience about China's market, economy and policies? Recently, the stock market has adjusted, but the main index has also risen by more than 20% from the lowest point.

I don't know some people, and I don't have any personal grudges, and I can meet and laugh after a few years, but at this critical time, it's okay to short the stock market, and I completely oppose it when I short the Chinese market, economy and public policy, which is a matter of bottom line and principle. Everyone has the freedom to speak, in harmony with differences.

Quoting some unverified "rumors" about me on the Internet, I have made public statements before, and won legal battles for "rumors", and I am still quoting, this is the rigorous spirit of professional investors? What's the difference between this and listening to the grapevine and speculating in stocks?

Finally, at a critical time, we must stand with the progress of the times. I hope that China's economy will prosper and the market will prosper and develop, and each of us will work hard, and the future will definitely be better!

Founded in 2004, Oriental Harbor is one of the first 33 institutions in China to obtain private equity fund registration, according to public information. The company's chairman, Dan Bin, began his investment career in 1992 and now has more than 13 million followers on Weibo.

Ren Zeping is a postdoctoral fellow at the School of Economics and Management of Tsinghua University, a doctor of economics from Chinese University, and served as the deputy director of the Research Office of the Macro Department of the Development Research Center of the State Council in his early years. In May 2014, he joined the macro team of Guotai Junan; In June 2016, he joined Founder Securities; A year later, he joined Evergrande Group as Chief Economist (Vice President level) and President of Evergrande Economic Research Institute. In March 2021, he became the chief economist of Soochow Securities, and stepped down in April 2022 and transformed.

Editor-in-charge: Ye Shuyun

Proofreading: Zhao Yan

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