Wealth

However, Fan Wubing also felt a little curious. If Song Yuanping had a lot of legal person shares in his hand, he would be able to make a steady profit after waiting for the market to circulate, so why not take it out as a mortgage to others so uninsurable?

In this way, there is only one possibility, that is, Song Yuanping and Cui Dingshan have invested too much in Kangcheng Technology, the chicken stock, otherwise it would be impossible for him to take out such a good thing.

"Could it be that you have invested a lot in Cannes technology?" Fan Wubing asked.

"It's true that for this stock, I not only smashed my own cash in, but also borrowed another 200 million to smash it in. If I can't come back to life in a short period of time, the losses of Cui Dingshan and I will add up. There are seven or eight billion, and if you don't need others to force the debt, you should jump off the building." Song Yuanping said bitterly.

Fan Wubing still felt a little skeptical, so he asked, "I think your style is relatively ruthless, but you don't have room for doing things. Why did you plant so deeply this time?"

"The main thing is the estimation of the situation. There has been a slight deviation. My original expectation is that the market should now go out of the trough and start to slow its bullish trend. But now the U.S. stock market is booming, but the domestic stock market is still not showing much improvement, except Except for a few individual stocks, most of them are still silent." Song Yuanping replied, "But I can also conclude that the opportunity will not be too far away. At most, within half a year, the market will surely rise again. There is a good opportunity to ship, so I am eager to raise money now and start to slowly promote Cannes Technology. Then I will cooperate with some good news. This time, the sitting will be completed smoothly."

After listening to Song Yuanping’s analysis, Fan Wubing nodded, Xin Dao’s analysis of the general trend is quite accurate. Indeed, within half a year, the market hit an astonishing 5.19 market and began to enter the bull market. road.

The market on May 19, 1999. On the day of the official move, the morning was relatively calm, and there was a large influx of funds in the afternoon. That is to say, starting from that day, the market has been bullish for a month, and in 31 days, the SZSE rose by 90%. Basically all stocks have exceeded 70% of the profit, and this time The reason for the increase was that the six policy recommendations submitted by the China Securities Regulatory Commission to the State Council were approved.

The mainland stock market has undergone consolidation for nearly two years. The market has been in a downward trend as a whole, and many stocks and funds have also fallen below their prices.

At that time, such a fall method was rare. In this regard, what should the China Securities Regulatory Commission do? There were two views at that time. One view is that there is no intervention. The Securities Regulatory Commission is only in charge of supervision, and it has nothing to do with the quality of the market. However, after careful investigation, research and analysis, the leadership of the China Securities Regulatory Commission held another point of view, which is that the securities regulatory authorities must be proactive, clear-cut, and resolute in adopting effective policies and measures to promote healthy market development in the face of a downturn.

From the perspective of the leadership, the capital market is an important part of the socialist market economy. If the market is down, the capital market will not be able to perform its functions. Only market exhibitions can perform functions. In fact, this principle is very simple. Buying stocks will pay for it, and buying stocks will be covered. Who will buy it?

The continued downturn in the market has caused difficulties for IPOs, which is not conducive to the function of the capital market, supports the reform of state-owned enterprises, and establishes a modern corporate system. Investors are generally trapped and the losses are serious, which is not conducive to improving the people's living standards and protecting the interests of the people, and at the same time affects investor confidence.

In general, the development of China's capital market requires correct policy support and correct public opinion guidance. Compared with Da’s capital market, the domestic capital market has only a short period of time for establishment and development, and the system, mechanism, and legal system are not perfect. If we do not actively improve it, we cannot promote the healthy development of the market.

Therefore, after weighing the pros and cons, the China Securities Regulatory Commission felt that the statement that the government could not use policies to guide and support the stock market was really unsuitable for the domestic situation, so it introduced six major policies that detonated the 5.19 market.

According to the current policy trend, the submission and approval of the policy will obviously recur this time, so Fan Wubing has no doubt that the 5.19 market will appear like the history he is familiar with. There may be a difference in time, but absolutely There won't be too much difference. After all, the stock indexes of the two cities have been consolidating at a low level for two years, and they have reached the critical point where they should explode.

Analyzing from the other side, it is impossible for the world to have a stock market that only falls but does not rise. It would be too enchanting. The government absolutely cannot allow this to happen. After all, the stock market is a barometer of the national economy. If the stock market If it has been overcast, the government’s face will not look good. In any case, the rise is bound to explode.

"Corporate shares, eh." Fan Wubing nodded, thinking that the value of this kind of thing is hard to estimate, so he asked, "Which company's legal person shares are it?"

"Hunan Torch, 20 million shares." Song Yuanping said to Fan Wuyao.

Although Fan Wubing knew that the chips in Song Yuan's tie must be very valuable, he couldn't help but froze when he said that it was the legal person stock of the Hunan Torch, and then he was a little surprised.

Hunan Torch, one of the troikas of the Delong family, I didn’t expect Song Yuanping to have 20 million Hunan Torch in his hands. This person really made Fan Wuyao look at him, but he didn’t expect him to catch it. Tang Wanxin's downwind chariot.

Tang Wanxin, a representative of the Delong family who is very influential in the domestic capital market, started his home with the Shenzhen subscription certificate incident. At that time, he spent money to invite five thousand people to take the train from Urumqi to Shenzhen to queue up to receive the subscription lottery form. Each of these people had a small wooden stool and lined up to receive 50 yuan for labor fees a day. One row was three days. The lottery was received. The table was replaced with original shares, which made Tang Wanxin a fortune.

He and his elder brother Tang Wanli and others registered and established Xinjiang Delong Industrial Company, which specializes in the stock operation of the capital market. They purchased a large number of original shares and internal employee shares of state-owned enterprises in Xinjiang, Shaanxi and other northwestern provinces, either reselling them to financial institutions in Xinjiang, or waiting to sell them for cash after listing.

But unlike other bookmakers, Tang Wanxin has his own business ideals. In his view, the global industrial structure is undergoing a huge evolution, and China is undoubtedly the most important part of it. Many traditional industries have rapidly magnified opportunities. However, due to the backwardness of systems and concepts, most Chinese companies’ . The model is too small, the investment is scattered, and there is no competitiveness. Therefore, to optimize and integrate them through capital management and revitalize the stock will be the hope for the Chinese economy to take off.

Through the purchase of legal person shares, Tang Wanxin successively became the largest shareholder of three listed companies in Xinjiang Tunhe, Shenyang Alloy and Hunan Torch, forming the so-called "troika" of the Delong Group.

Then, they implemented strategic reorganization of these three old state-owned enterprises according to their own business ideas. Taking Hunan Torch as an example, this company was originally an old enterprise producing spark plugs. Tang Wanxin proposed a strategy for large auto parts and first acquired the largest brake system in the United States. Importer maT Company and its nine joint ventures in China have 75% of the equity, thus obtaining a certain share of the US auto parts import market, and then controlling an auto gear company in Shaanxi, becoming the bank's professional domestic leading company . Immediately after the Hunan Torch issued a series of announcements, various reorganizations and joint ventures with Dongfeng Motor, Shaanxi Automobile Group, and Sinotruk Group were initiated. Finally, Hunan Torch has more than 50 subsidiaries and has become the largest enterprise in the three industries of gears, spark plugs, and military off-road vehicles in China. It is also the second largest manufacturer of air-conditioning compressors and the largest exporter of automobile brake systems.

Of course, Delong needs a lot of money to complete this series of mergers and acquisitions. Where does the money come from? It depends on the speculation.

Delong’s strategy of sitting on the bank is actually very simple. Through continuous release of good news and integration of the concept of restructuring, Tang Wanxin raised the stock price step by step, and then fell back to profit from it. Since 1996, the share price of Delong’s "Troika" has been rising all the way, and by the time of the 5.19 market, the Delong system has exploded wildly. It has run wild on the Chinese stock market, setting a record for millions of investors. The record soared staringly.

Later, after ~www.wuxiaspot.com~Xiang Torch passed through three transfers of shares, the share price per share rose from RMB 7.6 to RMB 85 after re-rights calculation. The alloy shares rose 15 times, and Xinjiang Tunhe also experienced several times. Allotment is given, and the stock price after the restoration has risen by eleven times.

The three stocks controlled by a dealer have all skyrocketed more than ten times within five years. The whole country is looking forward to it, and there is no one. Therefore, Delong has established the prestigious name of the world's first dealer. As a result, for a long period of time, stocks are not good, virtuous is famous, price is not afraid of high, and long is good. It has almost become the only way for Chinese stockholders to make money. And the dealers of the Delong series have profited more than 5 billion from this kind of dealer activity.

"Do you also cooperate with Tang Wanxin?" Fan Wuyao calmed down and asked Song Yuanping after he eased his mind.

He originally thought that Song Yuanping was fighting alone, but he did not expect that Song Yuanping would be able to cooperate with the more ferocious bookmaker Tang Wanxin, and also control the 20 million legal person shares of the Xiang Torch of the Delong Troika. It was really a little bit. This is unexpected.

Originally, he thought that these dealers were all playing their own games, but he didn't expect them to join hands. Song Yuanping, who got in the troika and cooperated with Tang Wanxin, can bring any changes to China's stock market. It is really hard to guess what kind of changes will be made.