Add Bookmark | Recommend this book | Back to the book page | My bookshelf | Mobile Reading

Free Web Novel,Novel online - All in oicq.net -> Romance -> red flag

Volume One: The Miracle of Qishan Chapter 150: Buying the Bottom of the Chinese Stock Market

Previous page        Return to Catalog        Next page

    Chapter 150: Buying the dip in the Chinese stock market

    The statement of the deputy director of the Central Economic and Trade Commission made Yang Shaozong and others very nervous. Although the municipal and provincial committees were still very enthusiastic about selling their companies to Zhongqi Asset Management Company, Zhongqi had to slow down.  Step by step, continue to watch the wind.

    However, the news that Chief Deng planned to inspect Shenzhou was accidentally revealed to Zhongqi Asset Management Company. As soon as the people from the Economic and Trade Commission left, Yang Shaozong, Guan Jinsheng, Hua Kangsheng, and Hu Zuming gathered together to discuss it all night  .

    They finally came to an important conclusion - Mr. Deng still demanded further opening up and economic construction. This time he went to Shenzhou to encourage Shenzhou.

    They quickly thought of something else. These people were all master operators in macroeconomics. What they thought of was that the domestic economy would inevitably continue to expand. In other words, domestic financial policies would continue to expand for many years.  Tighten and then release suddenly.

    " If this liberalization is applied to the United States, it will lead to massive consumption and stock price increases. If it is applied to China, whether the CPI will rise or not is another matter. Prices will definitely rise, especially for basic industrial materials.

    The four giants quickly attacked and made a division of labor overnight. Guan Jinsheng immediately went to Songzhou to sit in Zhongqi Wantong Securities Company to purchase stocks. The stock market at that time adopted a very annoying certified vote system. The amount that each person could buy was  Limited, institutional purchases are relaxed, but the congestion of various institutions is also very tight.

    Yang Shaozong came up with a trick, which was to ask all members to take out their ID cards and use the name of Zhongqi New Venture Investment Company to buy stocks in Songshen and Shenzhen. The specific method was to temporarily suspend the payment of bonuses to all members, and everyone would pay  The remaining 1,200 yuan in bonuses and subsidies will be entrusted to Zhongqi Xinchuang.

    This time, they are going to make a big deal. Several capital companies under the custody of Zhongqi Asset Management Company, Zhongqi Industrial and Commercial Investment, Zhongqi Venture Capital, Zhongqi New Venture Capital, Qishan Development Fund, and Qishan Social Security Fund are all going to  Follow along and do it together.

    Not only do they want to speculate in stocks, they also speculate in materials, hoarding important materials such as steel, cement, aluminum ingots, and coal to make money one after another.

    Although Chief Deng is not coming, one person is coming. This person is the newly appointed Vice Premier of the State Council and Director of the Production Office and Economic and Trade Office of the State Council, former Songzhou Municipal Party Committee Rong ***.

    The problem is that Mr. Rong¡¯s itinerary to the south is a little different. He will not arrive in Qishan until around April 1. Therefore, the second China Economic Forum can only be postponed to March 26.

    Setting March 26 also has another deep meaning. On March 26, 1871, the first socialist regime in world history, the Paris Commune, was proclaimed.

    Compared with the first China Economic Forum, Qishan's preparations at this time were more complete. In terms of the overall structure, they also fully absorbed the advantages of the Davos Forum and tried to present the second China Economic Forum.  make major changes.

    This time, they have established the China Economic Forum Executive Committee headed by Li Zhaotang, President of the Qishan Economic Research Institute. For the time being, it is still funded by Zhongqi Company, Fuqi Company and other enterprises. Jiangdong Province, Huaihai City, Qizhou City,  The four levels of government in Qishan Town have provided some financial support.

    The Executive Committee of the China Economic Forum has also established a number of independent research institutions. The main research unit is the Qishan Economic Research Institute, as well as multiple analysis offices permanently established by the forum institutions.

    Compared with the last time, this time because the Vice Premier of the State Council will attend, and with the support of the State Council and Director Deng, it is expected that the director level of each provincial policy research office and the Academy of Social Sciences will send scholar-type officials at the vice president level to attend the meeting.  The first session is expected to invite municipal party committee leaders from several cities to participate, and these people must meet certain conditions - to put it bluntly, they are famous. You must first find a way to attract attention nationwide, and then you will be invited to show your face.

    The requirement for enterprises from all over the country to join the discussion is that they must become leading enterprises in each province and nationwide. Enterprises participating in the conference must also pay a membership fee.

    Compared with the last time, the number of participants from the international economic community has also increased significantly. In particular, major analysts from some European and American think tanks also regard the China Economic Forum as a relatively open public economic policy discussion meeting in China and want to observe the Chinese economy.  This meeting is the best way to determine the direction of policy trends.

    Since it is a public meeting, domestic and foreign media can participate in reporting.

    ¡­¡­

    The moment that truly surprised and shocked the Chinese people finally came. In 1992, Director Deng made his second southern tour, and the second stop in Shenzhou was the most sensational.

    At the end of February, relevant reports had already appeared in Hong Kong. It was in early March that the whole country really knew the news. In fact, almost everyone in the press knew it at that time, and a large number of manuscripts had been written, waiting for the central government to agree to release it.They came to rescue the market and promoted Shenzhen Vanke and Shenzhen Development Bank as two large-cap stocks.

    Because of the shadow of the crash, the Shenzhou stock market was very cautious in issuing new shares. It was not until a large number of investors agitated and demanded to buy stocks that the Shenzhou Municipal Committee was forced to add 500,000 subscription certificates, but this matter is still under discussion.  .

    At the end of May 1992, the Songzhou stock market finally began to fall. As new stocks continued to be added, the Songzhou stock market plummeted.  At this time, Zhongqi Company raised approximately 3 billion in funds through operations in the stock market.

    It can also be said that due to the withdrawal of Zhongqi Company, the Songzhou stock market fell at an absolutely alarming speed. Without large market players like Zhongqi Company to protect the market, the newborn Songzhou stock market is too fragile.
Didn't finish reading? Add this book to your favoritesI'm a member and bookmarked this chapterCopy the address of this book and recommend it to your friends for pointsChapter error? Click here to report