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Chapter 239 Two, three, five, rain coming across the river from eastern Zhejiang

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    The two quickly returned to Shanghai and cleared their rubber stocks.  Although many people are puzzled by their behavior of selling stocks at this time: Isn't this giving away the hen that lays golden eggs?  But this doubt obviously did not affect their enthusiasm when taking over.

    Sun Yuanqi also asked Lilith to send a message to Sun Duoxin and Sun Duosen, hoping that if they buy rubber stocks, it is best to withdraw as soon as possible.  As for what they would do specifically, it was not easy for Sun Yuanqi to interfere.

    In addition, Tony also sent several of the most capable reporters in the group to Nanyang to conduct overt and covert visits to several famous rubber companies such as Lange Zhi and Xue Na Wang to see what was going on.

    The Langezhi Planting Company was established in Shanghai in 1903 by the Englishman Mai Bian. It claimed that the company operated rubber plantations, excavated oil, coal, and harvested timber. In fact, it was a pure leather company.  After the international rubber price rose, Maibian launched an advertising campaign and paid people to brag about the arrival of the "rubber era" in Chinese and English newspapers in Shanghai. The company's trademark occupied the front pages of major Chinese and foreign newspapers for a long time.  .

    Maibian also holds a board of directors meeting once a week, and every time he takes out a "telegram from the production area" to report the recent rubber production to the directors in a decent manner.  Not only that, he also pays dividends every three months to the "shareholders" who buy Langezhi shares, and each share can receive 12 taels and 5 yuan of silver.  Under his series of instigation and operations, the stock price of Langezhi Company was speculated higher and higher. The stock with a face value of about 60 taels quickly exceeded the 1,000 tael mark per share, and it was difficult to get a single vote.

    As for Xue Na Wang Company, it is even more of a scam. It also follows the example of Lange Zhi and pays dividends to shareholders every quarter, at 7 taels and 5 silver per share.  It was also claimed that the rubber produced by Xue Nawang Company was of better quality than that of Langezhi Company. In the end, the stock price actually exceeded that of Langezhi Company.

    These rubber companies have all done huge advertisements on the China Broadcasting Corporation, and in Tony¡¯s heart, he completely believes that their information is true.  He sent out elite troops this time just to obtain first-hand information, so as to teach Sun Yuan a lesson and ask him to try not to interfere with the company's normal operations in the future.

    Soon, the investigation had its results.  These well-known companies either only started to prepare land and plant trees in Nanyang plantations, or they don't even have any land.  The so-called rubber production is a complete fiction; the so-called dividends are just demolishing the east wall to make up for the west wall!

    After reading the investigation report, Tony felt cold all over: If he hadn't escaped and the truth was exposed, wouldn't he have died miserably?

    The matter was so important that Tony didn¡¯t dare to act on his own, so he quickly took the investigation report and went straight to Beijing.  After reading the report, Sun Yuanqi frowned and asked: "If the rubber stock bubble bursts, what impact will it have on the economy of Shanghai and even the entire China?"

    Tony rubbed his hands and said: "It's very fatal! We conducted a general survey through the Shanghai Chamber of Commerce. Among all rubber stocks, Chinese bought about 80%, and foreigners in China snapped up the remaining 20%. Many Chinese are not satisfied with living in Shanghai.  They rushed to buy, and also mobilized funds to speculate in London. Although Shanghai is known as the largest financial center in the Far East, due to the concentration of financial resources on speculation in rubber stocks, there is currently no capital available. The liquidity in the market, especially the liquidity of banks, has been absorbed by rubber stocks.  Almost exhausted.

    "It is estimated that Chinese businessmen have invested about 26 million to 30 million taels in Shanghai and about 14 million taels in London. The Chinese government's disposable fiscal revenue is only about 100 million taels. Once the rubber stock bubble bursts and huge amounts of silver taels flow out,  It will cause the government to malfunction and worsen the financial situation. Industry and commerce will be fatally affected due to a shortage of funds and reduced purchasing power. For example, the advertising business of the Far East Broadcasting Group and the MSG sales of Huaxi MSG Factory are expected to experience large-scale declines."

    "It's true that God does evil, but it can be violated; man does evil, and he can't live!" Sun Yuanqi slammed the report on the table, "Will a pie fall from the sky? If it does, it is also a trap! It's a shame that these people have already  Falling into a trap and drooling over the pie. The ancients said: 'Man perishes for wealth, and birds perish for food.' It's true!"

    Tony suddenly felt uneasy. After Sun Yuanqi stopped raging, he said cautiously: "Even so, Lilith and I are okay. After all, we have successfully escaped from the stock market. Even if the rubber stock bubble bursts and business difficulties occur in the second half of the year, before  The profits in the stock market are enough to make up for the losses and will not affect this year¡¯s dividends.¡±

    Sun Yuan nodded: This is rare good news.  I just don¡¯t know how big or how long this stock market crash will last. It seems that Jingshi University will cut down on expenses in the near future and prepare for a protracted war.

    Tony then said: "Johnson, do our broadcasters still need to issue warning messages?"

    "Of course!" Sun Yuanqi said firmly, "I will write a secret code to the Military Aircraft Department right away.??.

    Second, banks are directly involved in stock trading.  Because the money comes from stock trading so quickly, you can't help but be tempted.  And obviously, the more you invest, the more you earn.  Many bank bosses could not resist the temptation and started fishing in the sea.  Although they were all relatively wealthy, their capital was too small, so they misappropriated money from banks.  Not all the money in the bank belongs to him, a lot of it is deposited here by depositors to earn interest.  Once they lose all their money, won¡¯t the industrial and commercial owners who saved their money here also suffer huge losses?

    What is even more disgusting are the bosses of big banks, such as Chen Yiqing, owner of Zhengyuan Bank, Dai Jiabao, owner of Zhaokang Bank, and Lu Dasheng, owner of Qianyu Bank. They are not content with misappropriating money from their own banks, but also borrow money from small banks.  Small banks feel that the reputation of big banks is guaranteed and they can make money, so why not?  Nature agrees.

    Who would have known that suddenly, rubber prices plummeted, rubber stocks became waste paper, and all investments were lost!  Chen Yiqing, Dai Jiabao, and Lu Dasheng alone lost more than 6 million taels of silver.

    In just a few days after the stock market crash, dozens of large and small banks closed down in Shanghai, and the impact was getting bigger and bigger. The panic in the Shanghai stock market gradually evolved into a nationwide financial panic.  (To be continued. If you like this work, you are welcome to come to Qidian (qidian.com) to vote for recommendations and monthly votes. Your support is my biggest motivation.) (Remember the website address: www.hlnovel.com
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