Material Empire

Chapter 511 The Biggest Winner

It's over!

This was the first thought that flashed through Sun Zhenjiang's mind after hearing these words on TV.

As a speculator, he is very aware of the situation of the entire market, and also understands the psychology of buyers and sellers in the market. The Planning Commission successively released more than 20 million tons of steel into the market, trapping all the funds of all speculators. At this time, it suddenly announced a price limit and threatened to sell another 5 million tons of steel. Everyone's already shaky confidence was kicked hard, and speculators like Liang Zhaohui and Ling Yiping would definitely collapse.

In fact, it doesn't matter whether the Planning Commission has 5 million tons of steel or not. As long as it can produce hundreds of thousands of tons of steel to survive the initial wait-and-see period in the market, speculators will be unable to restrain themselves. Shipment, in one fell swoop to reverse the relationship between supply and demand in the market. At this time, it was useless for him and Pittston to say anything, the only effect was to arouse Liang Zhaohui's anger towards him.

"Didn't your country say that it is going to loosen the control over the supply and marketing of steel? Why has it changed now? What is the difference between the policies announced by the Planning Commission and the previous controls?" Pittston grabbed Sun Zhenjiang and shouted angrily.

With a dumbfounding expression on his face, Sun Zhenjiang said: "Pittston, you still don't understand? China is not the United States, nor are they countries in South America. China has a strong government, and no one can beat the government. Indeed, China The government said it would loosen supply and marketing controls, but it didn't say it couldn't take back this power. Our mistake was that we underestimated this government. If we hadn't played it so big, it wouldn't have made such a killer move. "

"No, I have to sell the hoarded steel immediately. There is only a maximum demand of 10 million tons in the market. If we sell it late, even if the price is lowered, it will really be over!" Pittston threw Next to Sun Zhenjiang, he rushed back to his computer, began to tap on the keyboard, then picked up the phone, and began to give orders to dump the goods.

Sun Zhenjiang naturally understood this too. He grabbed his big brother and frantically gave instructions to his pony boys, telling them to sell all the steel stored in various warehouses at any cost. Go out, the price can act according to the camera.

In fact, Sun Zhenjiang and Pittston were already walking a tightrope when they laid out the layout. They use the way of hoarding goods to exacerbate the tension between supply and demand in the market, so that prices continue to rise. However, due to the large amount of steel products thrown out by the planning committee, the steel products they hoarded have far exceeded the market demand without knowing it. That is to say, even if the market price rises to a high of 4,500 yuan as they wish, it is impossible for them to sell all the steel at this price, and those steel products that exceed the needs of users will be pressed in their hands.

The wishful thinking of Sun Zhenjiang and Pittston is to trick other speculators into continuing to hoard goods and sell them secretly to escape. What they didn't expect was that the planning committee would come up with such a trick to directly break the situation through a televised speech, leaving Sun Zhenjiang and others with no buffer time at all.

At this point, all they can do is to sell the goods quickly. Selling the steel hoarded at more than 3,000 yuan per ton at a price of 2,500 yuan per ton to withdraw funds, in the terminology of later generations, this is called "cutting meat". Knowing that cutting meat is a very painful thing, but what choice do they have? If they don't dump it at this time, it will be even worse if they can't sell it when the market is saturated.

Putting steel in the warehouse not only fails to add value, but also consumes a lot of storage costs, and the occupied funds generate high interest every moment, which is simply called a blunt knife.

While the circle of speculators was in mourning, a new piece of news made their misfortune worse: Daqin Group announced that it would spend 10 billion yuan to build another steel plant with an annual output of 10 million tons in Haidong Province. If the steel plant is put into operation, the country's steel production capacity will increase by 15%, which will greatly ease the tight supply and demand of steel products across the country. Coupled with the steel investment news coming out of other places, speculators know that the possibility of further steel price rises has completely disappeared. For a time, a wave of selling steel stocks swept across the country, and the price of steel fell to a low level of less than 2,000 yuan per ton. The Planning Commission had to order the material departments of various places to purchase steel in order to protect the profits of the steel mills from being affected.

"As far as I know, the money that your group used to build a new steel plant was earned by you from frying steel this time, and you are the biggest winner of this incident." Wang Hongsheng told the people who came to report to work in his office. Qin Hai said enviously.

"Director Wang wronged me. I was clearly acting on orders to share the country's worries. How can there be any talk about frying steel?" Qin Hai denied it with a smile.

Wang Hongsheng said: "Do you dare to say that you didn't make any money this time?"

"Well, I just made a little money by the way, which also corresponds to the saying that good intentions are rewarded." Qin Hai said.

Sun Zhenjiang and Jiezi Fund speculated on the steel market, raising the price of steel to as high as 3,800 yuan per ton. They mistakenly thought that what they ate were steel reserves from the Planning Commission, but they didn't know that they were all steel imported from abroad by Qin Hai through Chunshan Company and Leonardo from Spain. The price of steel in the international market is only more than 300 US dollars per ton, which is about 1,600 yuan when converted into RMB. Qin Hai sold it at an average price of 3,000 yuan per ton, a full half of the profit.

In order to help the Planning Commission to stabilize the price of steel, Qin Hai imported more than 10 million tons of steel. After conversion, the profit he earned reached more than 10 billion. The money was all speculators' money, including the money brought in by the Jiezi Fund through underground channels. Qin Hai had no psychological pressure to earn such money.

Of course, not everyone has the ability to earn such money. At that time, Qin Hai was not the only one who saw the difference in steel prices between the Chinese and foreign markets. Many people thought about importing some steel from abroad and selling it in the domestic market in order to earn excess profits. The key point is that only Qin Hai can obtain the seller's credit provided by foreign steel companies, so that he has enough foreign exchange to realize steel imports. Even Wang Hongsheng, who is the deputy director of the State Planning Commission, is powerless to do such a business as the Planning Commission.

"Xiao Qin, do you know that there are a lot of discussions about the money earned by your Daqin Group?" Wang Hongsheng said.

"What discussion?" Qin Hai asked disapprovingly.

Wang Hongsheng said: "Some leading comrades believe that the money you earn is to take advantage of the loopholes in the national policy, and there is an element of buying and selling. It is illegal income and should be nationalized."

"No way?" Qin Hai stared wide-eyed, "Are you trying to kill donkeys? If we hadn't imported the 10 million tons of steel back then, the Jiezi Fund would have succeeded, and the economic order of the entire country would have been destroyed. Confusion. I have been approved by the Planning Commission to import steel. To put it bluntly, it was you, Director Wang, who cried and begged me to import it, okay?"

"When did I cry?" Wang Hongsheng corrected depressedly.

"Did you beg me to do this?" Qin Hai asked relentlessly. He would not compromise on matters involving tens of billions of dollars. What's more, the arguments Wang Hongsheng said were really chilling.

Wang Hongsheng nodded and said, "It is true that the Planning Commission asked you to do this, and the Planning Commission will not renege on this."

"That's right." Qin Haidao, "At that time, the chief director said that we would give credit to us after the event was completed, but now it's fine if we don't remember the credit, and still thinking about the little money we earned, it really can't be justified."

Wang Hongsheng said: "Actually, everyone just put forward an idea, and they didn't really want to take your money away. You don't know, this time the incident in the steel market has caused a lot of losses to the country. According to the current preliminary calculation results, the total loss It may be more than 5 billion yuan. Because of this, some comrades suggested that you Daqin Group help the country make up for these shortfalls."

"How could the country suffer losses?" Qin Hai asked in surprise, "The original reserve steel in the planning committee's hands was also sold at a high price, and it also made a lot of difference. It should be profitable, right?"

Wang Hongsheng said: "You don't know, this time speculators across the country used more than 60 billion yuan to speculate on steel products, and more than half of the funds were bank loans. Now the steel products they hoarded are all trapped and cannot be sold. Even if it is sold, the value will be greatly reduced. In this way, we estimate that a large number of bank loans may become bad debts, and this is the loss borne by the state."

Only then did Qin Hai understand, he shrugged his shoulders and said, "Recover, whoever made the loan will directly seal the account and confiscate all the steel in stock. Also, for those bank officials who issued loans to speculators in violation of regulations, there is a calculation One, catch them all. The country should be able to do this kind of thing, right? Is it thanks to you officials to use the money earned by my small business to cover this kind of bad debt for the country?"

Wang Hongsheng laughed angrily at Qin Hai's words, and he scolded: "Xiao Qin, what are you talking about! The matter of recovering the loan has already started, and Xiao Weihao and the others have also intervened. It is said that a few have been arrested and are about to abscond with the money. As for the bank cadres who illegally lent money, they have already controlled several of them. This is called Skynet Recovery, and they will not let them pass the test easily.

As for using your money to make up these bad debts, it is just an idea put forward by a few comrades, and this suggestion has been rejected by the leadership. The leader said that the Daqin Group had high political consciousness and strong management ability in this incident, and they were meritorious and should be commended. As for the money earned by the Daqin Group, it is legal business income, and it all comes from speculators. It does not harm the interests of the country, and no unit is allowed to get involved. "

Qin Hai was relieved after hearing this. He laughed and said: "Haha, since the leader said that we are meritorious ministers, then the minister will thank the Lord Long En."

Speaking of this, he also imitated the scenes in the costume TV series, and made a gesture of kneeling and bowing to each other, which made Wang Hongsheng dumbfounded again.

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