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Volume 1 The Miracle of Qishan Chapter 168 The Assets of Qizhou

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    Chapter 168: Banner State¡¯s Assets

    "The Long-term Impact of Local Administrative Competition on China's Economic Development" caused an astonishing sensation in the domestic economics circle. Yang Shaozong could almost obtain his doctorate in economics from the University of Hong Kong with this paper. In fact, he was  This paper can guarantee him a doctorate in economics from any university in the world, because he perfectly explains what is going on in China's economy.

    However, in the second half of 1995, China had another more focused economic debate - what happened to the Chinese stock market?

    Starting from May 1995, Songgu stocks gradually fell into a downward trend. At first, everyone thought it was a market adjustment. After all, it had not fallen in the past few years. Until June, the market suddenly broke out that Guan Jinsheng of the Zhongqi Department  After a quarrel with the Songzhou Municipal Committee, Zhongqi Department's funds began to withdraw from Songgu. At this time, everyone suddenly realized that a disaster was coming. The previous period of negative decline was due to Zhongqi Department's withdrawal.

    On June 7, 1995, the Songgu stock market suddenly plummeted across the board. In just half a month, the Songgu stock index fell all the way from 722 points to 335 points, which was also the biggest hit in the past three years.

    On June 10, affected by this, the Shenzhen stock market began to fall. The stocks of a large number of high-quality companies, including United Bank, Shenzhen Vanke, Shenzhen Hongji, Hengyun Thermal Power, Shantou Electric Power, Wanxiang Qianchao, etc., all fell sharply.  In a short period of time, it fell all the way from 844 points to 457 points.

    After this series of plummets, Zhongqi Group also emptied half of its funds in the Songgu treasury bond market. With the further withdrawal of Zhongqi Group, the national stock market suffered unprecedented heavy losses. Songgu Group dropped from its highest point of 1102 points in early April.  It fell to 247 points, and the Shenzhen Stock Exchange fell from 918 points to 312 points.

    July 27, that is, on this day, after the Shenzhen Stock Market has been hovering at 300 points for a month, Shenzhen United Bank suddenly bucked the trend and rose.  United Bank was the Shenzhen Development Bank in the past. It has been a barometer of Shenzhen stocks for so many years. United Bank's rise against the trend fully proves that Zhongqi Group has begun to re-enter the market.

    In fact, Zhongqi¡¯s entry into the Shenzhen stock market basically lasted for about half a month, but the pace of entry into the market was relatively slow.

    At 7 o'clock in the evening on July 27, Guan Jinsheng held a press conference in Qizhou to inform about the decision made by Zhongqi Trust Investment Company. Zhongqi Trust's decision was simple. There were too many new shares in Songgu.  The supervision of listed companies was insufficient and the average price-to-earnings ratio was too high. Zhongqi Trust Investment Company chose to sell a large number of stocks it had held for a long time and re-select higher-quality listed companies for investment.

    Two days later, the general managers of Fubon Chemical Group, Yuyuan Mall Group and other companies, which are also under the Zhongqi Group, held press conferences one after another to refute Guan Jinsheng¡¯s remarks.

    This strange scene left everyone confused. Newspapers even used the term "infighting within Zhongqi" to describe the turmoil. Some people believed that Guan Jinsheng was fighting for power with Yang Shaozong, chairman of the board of directors of Zhongqi Group.

    No one could tell what the situation was. Even the Songzhou Municipal Party Committee was confused. They chose to call Yang Shaozong, sometimes questioning, sometimes reprimanding, sometimes discussing, sometimes pleading At this time, they could not be sure about Yang Shaozong.  Can Guan Jinsheng still be controlled?

    In such a messy situation, Hu Zuming, the financial director and chief analyst of Zhongqi Group, made another statement, believing that there are indeed regulatory loopholes in Songgu, and that although the scale of Songgu listed companies is large, the average quality rate is not  high.

    Soon, Kan Zhidong, the general manager of Zhongqi Wantong Securities Company and one of the vice presidents of Zhongqi Group, made completely opposite remarks.

    This kind of turmoil has gone beyond what everyone can understand. The only conclusion is that the internal strife in the Zhongqi Department is severe enough and has reached the point of splitting the team.

    Can¡¯t you understand?

    Yes, you can¡¯t understand it.

    The collective intelligence level of this group of senior executives of Zhongqi Group is astonishing. At least two of them are qualified to be called the Godfather of China's securities, two are qualified to be called the Godfather of China's futures, and one is qualified to be called the Godfather of China's futures.  As the father of China's quality management system, there is a man who can be called the father of modern insurance In short, it is difficult for you to understand what they are playing.

    While everyone is still obsessed with seeing the truth, at least more than 20 billion of funds from the Zhongqi Group have flowed out of Songgu and entered Shenzhen Stock Exchange, targeting Shenzhen Vanke, United Bank, Konka, Midea, TCL, Jiangling, Yunnan Baiyao,  Liugong Machinery, Jilin Pharmaceutical, Guangdong Electric Power, Wanxiang Qianchao, Shekou Merchants Port, Shenzhou Port, Shantou Electric Power, China International Container Shipping Co., Ltd., Luzhou Laojiao, Nanshan Thermal Power, Changchai Power, OCT, Xindazhou Motorcycle, etc.  More than a dozen stocks were fully overweighted.

    It was not until the overall holdings reached a certain level that the Zhongqi Group began to focus on increasing its holdings in United Bank, which further concentrated the equity of United Bank and the stock price began to rise

    There is absolutely no objection that Qizhou is a city of food industry. It can even be regarded as the city of wine making, ham sausage, soda drink, health food and insulin. Qizhou is still a very interesting place.  Tourist city.

    Qizhou has applied to host the Eighth National Games in 1997, and has invested heavily in building sports venues. The new Zhongqi Stadium will be able to accommodate 80,000 people.

    Nowadays, professional football is so popular, and the people of Qizhou are no exception. Zhongqi Group is planning its own professional football club. There are only two ways now, one is to cooperate with Bayi Football Club, and the other is to build it by itself.

    It doesn¡¯t matter if you build it yourself. There is a second-level club in Qizhou. Although it is just a self-built club by Song Fangzhou, Zhao Dajun and others for fun, the basic conditions are pretty good.

    Qizhou is such a city.

    ¡°A county-level city that you have never cared about before, a county-level city that is basically not close to a big city, but relies on it to drive the development of surrounding cities, now has such a unique influence.

    ¡°If there were no Qizhou, how much room for development would Ningzhou, Qizhou, Huaizhong, Huaihai¡­ these cities have?

    Now almost everyone across the country talks about Ninghai¡¯s economic integration when talking about this region, but if there is no Banner Prefecture, how can Ninghai Economic Integration come from? People talk about the bridgehead of the Eurasian Railway. Without Banner Prefecture, how can there be a real bridgehead role?

    Finally, in the words of Jiang Zhenhua, deputy general manager of Zhongqi Real Estate, if there were no Qizhou and no Qizhou people, Songzhou¡¯s housing prices would not jump so fast, China¡¯s stock market would not be so prosperous, and China¡¯s treasury bond futures would not be so stable.

    You can say that the people of Qizhou are perverted and annoying, and they are all guilty of original sin. Half of them are bad guys, and the other half are those who speculate in stocks. But after all, the people of Qizhou are rich, no matter in what way.

    You can also say that people in Qizhou are basically not doing their jobs properly, but you also have to see clearly that there are more than 10,000 people in Qizhou engaged in large-scale breeding and comprehensive forestry and animal husbandry in other places. They are mainly concentrated in the four provinces of Shandong, Hui, Hunan and Jiangxi.  The Qizhou Agricultural Cooperative took the lead, and everyone followed suit and fought in groups.

    Especially in southern Huizhou, someone made a statistics and found that Banner people own nearly half of the more than 60 million acres of mountain forests in southern Huizhou.

    There are more than 20,000 owners of factories in Qizhou in other places, including clothing, toys, hardware, plastics, semiconductors, food processing, feed, wood processing, ceramics, chemicals, flavorings, ballpoint pens, electronic watches almost everything.  have.

    The current custom among Banner people is very simple. They speculate in stocks, engage in breeding, set up factories, engage in real estate, engage in construction, engage in mining whatever is easy to make money, the capital is very easy, just mortgage the stocks in your hand, and it is not easy to make money.  It¡¯s difficult, it depends on whether you dare to do it.

    The development of Qizhou has now reached a very high level. In fact, Yang Shaozong no longer needs to manage it. Most of his choices are laissez-faire. He chooses a view of the liberal economic school, that is, not to manage, but to let it go.  It is regulated and developed by the market economy on its own.

    As the director of the management committee of Qizhou People's Advanced Cooperative, he hardly has to do anything. Xu Jianliang continues to handle all administrative work of the management committee. The cooperative's asset management operations are handled by Zhang, the general manager of Qizhou Trust Asset Management Company.  Chai Yonglin, the general manager of Huaqiao and Qizhou Agricultural Cooperatives, is in charge. Cheng Zhizhong is the main supervisor, and the main audit work is handed over to a professional accounting firm.
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