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Volume 1 Chapter 1033 Who will turn the tide?

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    Zhao Moshi was stranded abroad and his family had gone abroad long before him. The few hundred million remaining in the Pucheng Group's account were transferred out and disappeared while Zhao Moshi was stranded abroad - don't  It is said that panic is spreading rapidly within Pucheng Group, and there is no way to completely block such sensitive information from the outside world.  Three listed companies, including Pucheng Electrical Appliances, Jianghe Phosphorus Industry, and Qianxi Diesel Machinery, slowly fell as the market fell in the morning, and the securities market did not notice any abnormalities at first.  At the close of trading at noon, stimulated by the good news of the central bank's interest rate cut, the Shanghai and Shenzhen indexes suddenly rebounded. Only then did external investors see that the stock prices of the three listed companies in the Pucheng group had lost support and showed no signs of turning around with the broader market index.  At noon, the news that Zhao Moshi was stranded abroad and would not return spread widely, causing a huge stir immediately. When trading opened in the afternoon, the stock prices of the three listed companies were flooded with sell orders and hit their limit.  There is no buying order to enter, and countless funds that want to escape are stuck on the lower limit, desperately waiting for further news.  Because Huaihai Securities is involved in the sale of Pucheng¡¯s 2 billion ¡°guaranteed income¡± fund, it may face a loss of up to 2 billion, which means that the funds that have escaped are hitting the lower limit. ? Nearly thirty listed companies in Huaihai Province, including Meixi Holdings, Dongjiang Refining, Huaihai Steel, Lanshan Petrochemical and other companies, were affected by the news that Zhao Moshi fled with his family, and their stock prices fell sharply in the afternoon.  The debt problem faced by Pucheng is not without warning in the securities capital market, but the domestic securities market has a strong speculative atmosphere. Most investors have a speculative mentality and want to profit from it, regardless of the so-called risks and bubbles.  ¡°We often wake up only after the bubble bursts, and the panic that arises becomes even more severe.  No one knows how serious the debt crisis of Pucheng Group is, nor how many companies in Huaihai Province are involved. Escape has become a top priority.  After it was initially determined that Zhao Moshi and his family were illegally staying abroad and that a large amount of funds from Pucheng's account were transferred abroad, the Xucheng City Committee held an emergency standing committee meeting and decided to set up a joint working group in the name of the municipal government with the Provincial Securities Regulatory Bureau and the Provincial Public Security Department, led by Xiong Wenbin  He took the lead in stationing in Pucheng and intervened in the debt crisis in a timely manner.  ??????????????????????????????????????????????????????????????????????????????????????¡­  Shen Huai rushed to Nanwan Lake Software Industrial Park in the afternoon to attend a symposium. Until dusk, he had no time to pay attention to the latest trend of the Pucheng crisis.  As one of the cities with the highest concentration of universities and scientific research institutes in China, Xucheng has abundant advantages in human resources in the development of high-tech and software industries.  Starting the construction of Nanwan Lake University Town, the first batch will build the Nanwan Lake Software Industrial Park, and more importantly, it will promote the development of the software and information service outsourcing industry in Xucheng City.  Xucheng has also officially proposed the theme of developing ¡°world offices¡± into urban industrial development, thereby attracting many giants of international information technology and software companies to settle in Xucheng for development.  The first phase of the Nanwan Lake Software Industrial Park is under construction at the fastest speed. Since April, more than a dozen software companies have moved in.  Shen Huai originally planned to meet Huang Xinliang and the others today to discuss the construction issues of the second phase of the Software Industrial Park. Now that the Pucheng debt crisis has been fully triggered, the parts that have surfaced are already shocking, and he does not know how wide the implications will be in the end. The second phase of the Software Park  The construction of the first phase of the project may be forced to be postponed. At present, we can only do our best to attract investment in the first phase.  It was almost ten o'clock in the night when Shen Huai received a call from Xiong Wenbin and found out that he had just left Pucheng Building.  Shen Huai drove to Xiong Wenbin's house and waited for a while before seeing Xiong Wenbin come back with a tired look on his face.  Xiong Wenbin sat down tiredly and wanted to get a cigarette from Shen Huai to smoke. Qi Qi came out of nowhere and snatched the cigarette away from his mouth. He said in a sweet voice: "Grandma said smoking is bad for your health."  Xiong Wenbin had the least temper towards his granddaughter Qiqi, so he took Shen Huai to the yard to talk about things: "I was at home when I was returning home, and Secretary Zhong called me at short notice, so I went around to Secretary Zhong's house to report on the preliminary verification issues this afternoon.  Let Secretary Zhong know. In fact, there is nothing to say - we have just started the investigation. What can we find out? "Although Shen Huai and Xiong Wenbin have been paying attention to Pucheng's debt problem for a long time and have collected some detailed information, Zhao Moshi's "accident"  Escape complicates the problem. Shen Huai and Xiong Wenbin cannot declare to the outside world that they have noticed anomalies in the Pucheng Group. Otherwise, Xu Pei and Li Gu will have no way to explain why Zhao Moshi was able to escape successfully.  Even to Zhong Limin, Secretary of the Provincial Party Committee, it cannot be said that?The truth.  "Has Governor Xu called to learn about the investigation this afternoon?" Shen Huai asked.  "Not yet," Xiong Wenbin shook his head and said, "Without taking action in advance, sitting back and watching Zhao Moshi escape is probably a last resort to reduce the impact?" Over the years, Pucheng Group has had a close relationship with the accounting and economics department, and Zhao Moshi is  He is also very good at making friends with others.  In addition to Cao Zhengjiang and Zhao Moshi, who were in-laws, Li Gu, Guo Chengze, Jiang Yibin, Meng Jiansheng, Pang Yunsong and others all had deep personal relationships with Zhao Moshi.  Although most officials in the Department of Economics and Economics of Huaihai Province are not directly related to Pucheng's illegal fund-raising and mergers and acquisitions, they are afraid of being implicated in everything.  Now that Zhao Moshi has fled, the illegal fund-raising cases involving Pu Cheng still need to be investigated. Xu Pei will definitely get rid of the negative impact of this incident on him, but the involvement will not be disorderly and out of control.  Shen Huai guessed that this might be Xu Pei¡¯s ¡°intention¡±.  Shen Huai has no intention of thinking too deeply. He is more concerned about how to clean up the mess at the moment.  "Pucheng's troikas are all star stocks in the securities market. They not only involve hundreds of thousands of small and medium-sized shareholders, large and small, but may also induce more subtle trend changes in the securities market this year. How to deal with it in the end is Xucheng City's opinion.  , maybe not the most important thing. Is there any news from the Provincial Securities Regulatory Bureau? " "Someone suggested that the Xucheng City Government should publicly spread the rumors to calm people's hearts and delay the situation for a few days," Xiong Wenbin said coldly, but his tone was cold.  There is also a lot of helplessness, "They, these people, are just thinking that the Xucheng City Government can come forward for them and prop up the stock price with false news. They escaped conveniently, but they completely ignored the mess behind. How should the city government deal with these?  People¡¯s hearts are really broken.¡± Shen Huai thought to himself that Xiong Wenbin was still angry.  There are too many gamblers in the domestic securities market, not only small and medium-sized investors, but also mostly institutional investors.  In addition to the large and small financial institutions and lending companies that lend money to Pucheng, there are also many investment institutions that are directly involved in the stock operations of Pucheng's three listed companies, and they are all involved this time.  Seeing that there is no hope of escape, these people have such thoughts. It is really not surprising.  Shen Huai pulled out a cigarette, lit it for Xiong Wenbin, and said: "The working group has stationed at Pucheng Group. I believe they will be able to figure out the general problem soon, but the more troublesome thing is still to come. This mess is difficult to clean up." "  We can only make preparations for loss reduction in advance," Xiong Wenbin said while smoking a cigarette. "Four prefecture-level commercial banks and Huaihai Securities, plus corporate loans from provincial state-owned enterprises and Xucheng state-owned enterprises, as well as large and small private loans  If the company, the province and Xucheng City fall into this situation, a big hole of 8 to 9 billion may be exposed. In addition, the loans lent by several national commercial banks are not small. The province and Xucheng City do not have to pay for several national banks.  The commercial banks are responsible for the holes, but in the later period, several state-owned commercial banks will inevitably tighten their lending in Huaihai, which will have a greater negative impact on Huaihai" Huaihai's current currency supply mainly relies on several state-owned commercial banks.  Once several state-owned commercial banks suffer heavy losses in Huaihai and the management of the provincial-level institutions of state-owned commercial banks in Huaihai is purged, the loan quotas of several state-owned commercial banks in Huaihai will inevitably be significantly tightened in the future.  Without the loans from the State Commercial Bank, it would be difficult for many projects in Huaihai Province to obtain adequate supply of construction funds, and the impact would be too great.  Shen Huai sighed lightly and said: "Let's deal with it coldly for a while. This mess really cannot be left to rot to the end. How to clean it up depends on how all parties compromise." Huge losses caused by Pucheng's debt crisis are inevitable  , but the key depends on how the losses are shared, and Cui Weiping, Hu Lin and others cannot be caught. This is not an easy task.  Starting from the next day, three listed companies, Pucheng Electric, Jianghe Phosphorus Industry, and Qianxi Agricultural Machinery, have all suspended trading.  Although Pucheng Group is the major shareholder of these three listed companies, in addition to Pucheng Group and large and small tradable shareholders in the secondary market, these three listed companies also involve a number of non-tradable shareholders.  While investigating Pucheng's debt problem, the joint working group under the chairmanship of Xiong Wenbin also focused on uniting other shareholders of the three listed companies and working with the management teams of the listed companies to maintain the company's daily operations.  .  For financial institutions that lend huge sums of money to Pucheng Group, Pucheng Group holds equity in three listed companies and is the most important loan collateral.  Whether the listed company can maintain normal operations and whether it can successfully complete the separation from Pucheng Group is the key to reducing losses and controlling the impact.  However, factors involving the level of people's hearts and morale are not dependent onIt can be easily restored with effort.  The three listed companies of Pucheng Group can be suspended from trading indefinitely during the investigation, but Huaihai Securities cannot enjoy such treatment. It was suspended for only one day and then resumed trading.  In just two weeks, the market value of Huaihai Securities, once a star listed company in the province, shrank by more than three-quarters, dragging down the share prices of all listed companies in the Huaihai Province sector by 10% to 50%. Even  Listed companies such as Meixi Holdings and Lanshan Petrochemical, which belong to the Meishan Iron and Steel Group, are not alone, and their stock prices have fallen sharply.  Financial institutions and the large and small enterprises involved in lending to Pucheng can still remain calm to some extent.  Private lending institutions of all sizes involved in the Pucheng case were severely hit. They either went bankrupt, were left in dire straits, or were responsible for fleeing with their money. There were more than tens of thousands of borrowers involved in illegal fund-raising, and the number of investors who suffered heavy losses was  Together, it has become the most troublesome problem in Huaihai Province at the moment.  ************************* Shen Huai has never participated in the handling of the crisis. It was not until late July that Xu Peicai called him to the office.  Although during this period, Shen Huai could also see Xu Pei's face frequently appearing in the news cameras, but by walking into Xu Pei's office and looking at him up close, he could see more clearly that he was very worried about the Pu Cheng case during this period.  , mentally and physically haggard, giving people the feeling of being more than ten years old all of a sudden.  "The investigation of the Pu Cheng case has already reached a preliminary conclusion. Next, it will be handed over to the procuratorate for further collection of evidence, so that the relevant persons can be held criminally responsible," Xu Pei said straight to the point, "The next step is more critical.  We still need to clean up this mess and not destroy Huaihai's great development situation. But the only one who can clean up this mess right now is Huaihai State-owned Assets. In the preliminary investigation, Pu Cheng was also investigated, and Pu Cheng still had some problems.  Family wealth" Shen Huai pondered for a while and said, "I don't know much about the specific situation. I'm not confident yet whether Huaihai's state-owned assets can bear the heavy burden" Xu Pei stared at Shen Huai's face for a few seconds.  , finally knew that it would be difficult for him to forcefully order Shen Huai to take over this mess.  The Pucheng case had a huge blow to Xu Pei's reputation. In addition to Xu Pei's personal hope that Huaihai State-owned Assets could take over and clean up the mess left by Pucheng, other members of the provincial government party group were worried that this careless move might lead to the crisis caused by Pucheng.  Spread throughout the provincial state-owned assets system.  Once this happens, it will be a fatal blow to the entire economic development situation of Huaihai Province.  Xu Pei could neither convince the provincial government to hold unified opinions nor persuade Shen Huai and Huaihai State-owned Assets to take the initiative to take responsibility. When it was discussed at the provincial standing committee meeting, the opposition of Cui Weiping, Chen Baoqi, Dai Lesheng and others was even more conceivable.  .  "Okay, then you party members will study this matter first, and the province is not in a hurry to reply." Xu Pei had no choice but to say this first.  Although Jiang Yibin still serves as the chairman and party secretary of Huaihai State-owned Assets, if Shen Huai had not actively cooperated in this matter, Xu Pei also knew that forcing the mess to be solved by Huaihai State-owned Assets would probably have been hit by a bigger one.  A mess.  *************************** After coming out of the provincial government building, Shen Huai was not in a hurry to get in the car. He stood at the edge of the parking lot and lit a cigarette.  I don¡¯t know where Li Gu came out and came over to ask for a cigarette.  "You still haven't let go." Li Gu took a puff of smoke and said leisurely.  "How should I let go?" Shen Huai said with a smile, "We have finally controlled the impact of the Pu Cheng case, so you are not afraid of dragging Huaihai's state-owned assets into it?" "How can Huaihai's state-owned assets be so fragile?" Li Gu asked with a helpless smile.  "How many people will be suppressed this time?" Shen Huai changed the topic and asked Li Gu.  "The Provincial Securities Regulatory Bureau and the Financial Office are the most involved cases. In addition to illegal fund-raising, there are some problems with Pucheng's participation in the reorganization of Jianghe Phosphate Industry and Qianxi Agricultural Machinery. In addition, in addition to some local officials, there are also Huaihai Securities Club involved.  "Ding Jianguo," Li Gu smiled sadly and said, "This is just a preliminary conclusion" Shen Huai knew that the preliminary conclusion Li Gu mentioned was that when the impact no longer expands, the involvement will be controlled to this level. Cui Weiping,  Chen Baoqi and other Hu officials are still hiding behind the scenes like poisonous snakes, and they will never take it lightly to put away the venomous fangs they are about to thrust out.  "Zhao Moshi is eager for quick success, and private enterprises also have natural flaws, but Pucheng Group has still contributed to Huaihai's economy over the years," Li Gu pulled Shen Huai to smoke under the shade of a big tree next to the parking lot.  Said, "Let's talk about Pucheng's mergers and acquisitions in the past few years. Many companies have been integrated into Pucheng. These companies had more or less problems in operation before, otherwise the local government would not let them go so easily. Pucheng  The integration cannot be regarded as a success, but the operating conditions of these enterprises have improved to some extent, or at least not changed.deterioration.  Although the hole that Pucheng has dug is quite big, Pucheng has still paid out the tens of billions of merger and acquisition funds truthfully, and it has actually fallen into the pockets of the local governments, and has been used for infrastructure and people's livelihood, and to support local economic development.  , It has contributed to the improvement of the landform and has not been wasted" "Well, you must give Pu Cheng a score. The merits and demerits will be offset, and it will never be a negative number.  I won¡¯t try to discredit Zhao Moshi just because I don¡¯t have a personal relationship with him.  "Shen Huai said with a smile. "The three listed companies will be listed again in two days, and trading cannot be suspended forever.  Once listed and traded again, the stock prices of the three listed companies will definitely continue to fall.  It is possible for the market value to shrink by half, or even shrink to less than a quarter like Huaihai Securities, but the foundation of the three listed companies and Pucheng Group's other assets outside the listed companies is actually still there and has not been lost.  Now we just need someone to step up and turn the tide.  " Li Gu said. Shen Huai smiled bitterly and said: "Secretary Zhong will retire in less than two months, and Governor Xu will probably not be able to take over Secretary Zhong's position.  The whole Huaihai Province is about to change. Don't say that I don't have the ability. Even if I gain some trust, you ask me to stand up and turn the tide, but are you going to push me into a pit of fire?  " If it hadn't been for the Pu Cheng case, Xu Pei might have succeeded Zhong Limin as secretary of the provincial party committee. Now all this has come to nothing. In two months, the situation in Huaihai Province will have undergone earth-shaking changes. " Xu Peidu may not be able to sit still.  Most of the new Provincial Party Committee Secretary who succeeded Zhong Limin as governor was from the Hu clique. At that time, the Hu clique dominated the whole family in Huaihai. How could Shen Huai sympathize with Xu Pei's situation and no longer know whether to live or die?  Qian Minu? He now has to consider how to deal with the future situation where Hu Xie dominates the Huaihai family. Li Gu sighed in his heart. Others only saw Shen Huai's arrogance and domineering, but it was difficult to guess what he had been doing in the past few years.  The Department of Economics and Economics has been careful to seek a balance between the Department and the Hu Department, and to seek room for development for the Mei Gang Department. The only blame to blame is the Pu Cheng case, which caused the Department of Economics and Economics to lose too many chips. This is actually called Shen Huai and Mei.  The Steel Department lost the calm space to play both sides. Before Cui Weiping, Chen Baoqi and others made a clear statement, Shen Huai's posture was restrained and conservative, which only showed that Shen Huai was more calm and mature in the cracks of factions. "It was not Governor Xu who asked me.  "I came to you to say this," Li Gu said, "Secretary Tian hopes that you can take more responsibilities for Huaihai" "Ah" Shen Huai has no sympathy for Xu Pei, and no sympathy for Xu Pei.  Support, it is impossible for Pucheng Group to carry out such radical mergers and acquisitions in the past two years, and Xu Pei¡¯s support is meaningless because he does not want to see the Meishan Iron and Steel Department and Rongxin Department enjoy the greatest fruits of Huaihai¡¯s economic development. It is Xu Pei¡¯s own loss.  Why should he take the responsibility for Xu Pei when Huaihai loses control of the economy? But Shen Huai didn't realize that Secretary Tian Jiageng still hoped that he could make a difference at this time.  It caused great disturbance within the department. He had made up his mind to stand aside, but he couldn't bear to live up to Secretary Tian's expectations of him. "Okay, I'll go back and think about it" Shen Huai said.
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