Chapter 301 Bank Stocks

Zhou Lao's secretary Wan Quan was very impressed by Su Cheng. Anyone who watches others earn hundreds of millions of dollars under their own eyes will be impressed.

He looked at Su Cheng's note and thought for a moment, "Wait a minute."

As the saying goes, Wan Quan, as one of the secretaries, is a real department-level cadre, two grades higher than the seven-grade official. He has enough power and ability to judge the value of Su City and the value of the note.

Wan Quan gently pushed open the door of the small conference room.

Mr. Zhou is sitting facing the door, holding his cheeks with his hands and elbows supporting the armrest of the sofa. His eyes were bright, which made people feel that he seemed to listen very seriously.

However, no matter how heated the discussion was between the banks, the Shenzhen Stock Exchange and the officials of the Shenzhen Municipal Government and the relevant departments of the State Council, Mr. Zhou never said a word. He just observes, keeps observing, and continues to observe until he gets a conclusion that he approves.

Wan Quan handed the note to Mr. Zhou and stood aside waiting for instructions.

Other people also stopped talking.

Mr. Zhou thought for a minute or two and asked Wan Quan, "Do you think it's feasible?"

"It's very operational, and Su Dong's talent in the financial market is amazing." Wan Quan said good words to Su Cheng, but the word "talent" was not invented by him, but said by Mr. Zhou that day. With a profit of 1 billion US dollars, Su Cheng settled on his financial talent. If anyone has an opinion, he must first break the superstition of 1 billion US dollars.

The people below also know Su Cheng and listen to him write a note. I can't help lowering my head and thinking about my own. They are either in the financial system or in charge of the financial system. How can they not understand China's big winners in the Gulf War? In 1991, banks were still very poor, especially lacked foreign exchange, and even the bank president could not approve 1 billion US dollars. Only the national leadership can approve such a large amount of money.

After thinking carefully, Mr. Zhou said, "Then let him come in and talk about it."

Wan Quan went out. Mr. Zhou looked up and said, "You probably know Sucheng of Dahua Industrial Group. He has a question about the exchange bailout and institutional reform.

Through the extension of the meeting, Su Cheng thought that the bank department was discussing the rescue of the market and encountered problems. It's easy for people inside to think of it. Su Cheng is likely to be waiting for Mr. Zhou's reception. This understanding makes them unable to say anything against.

After a while, Su Cheng walked into the conference room.

There is no time for greetings. Mr. Zhou smiled and said, "Su Cheng is here. Sit down and tell me your opinion."

Su Cheng sat down and said, "Can I see the conclusion of the previous discussion?"

"Give him the minutes of the meeting." Mr. Zhou said so. Wan Quan got the unfinished minutes of the meeting from his assistant and handed them to Su Cheng.

The governor from the People's Bank of China silently lit a cigarette. Then there is the child manager of the Shenzhen Stock Exchange and the agricultural mayor of Shenzhen. The atmosphere in the conference room was quite depressing. They were like a group of lions watching tigers invading their territory.

They are observing the tiger's state and tricks. If the tiger behaves normally, the lions will jump on it and swallow the tiger with its belt bone.

Su Cheng had to ask to read the results of the previous discussion. He doesn't know much about financial markets. Several people in front of them, although sour and soft as bread, actually understand the financial market, especially the Chinese financial market.

Su Cheng just wants to find a breakthrough, rather than provoke a general academic debate.

For this reason, he can only bear the pressure of silence.

Five minutes of silence. It can almost drive people crazy.

Su Cheng looked at the minutes of the meeting and couldn't help laughing. The rescue plan proposed by the Shenzhen Stock Exchange is to "issue new shares". After 20 years, it is a solid bearish news. The People's Bank of China requires "encouraging dividends" and "combating insider trading", and the Shenzhen Municipal Government recommends "employee shareholding". It's all based on the policies of the buttocks, but it's not clear about the primary and secondary.

Sucheng knows even if he doesn't know the stock market. China's current environment is unable to implement these policies at all. "combating insider trading" alone is not a problem that can be solved by a simple document.

Whether the policy can be implemented and whether it is effective or not should be most clear to the banking officials in front of us. Instead, they couldn't argue.

Su Cheng's mouth overflowed with a smile.

This is good news for him. In fact, before entering the conference room, Su Cheng guessed that Mr. Zhou would extend the meeting under special circumstances.

To move people like Mr. Zhou, no matter how many plans there are, there is no practical fact of value. No matter why the bank officials put forward such a plan, they did leave a vacancy for Sucheng.

Su Cheng quickly opened his mouth and said, "From my point of view, the suggestions put forward by banks, exchanges and the municipal government have no value to implement. They confused the rescue of the market with the reform of the exchange system. If the market is to be rescued, the implementation plan should be short-term stimulus, and the focus should be on boosting market confidence. If the exchange system is to be reformed, it should be gradual, so as not to affect the stock market and market confidence.

He thought for a long time before he came to such a conclusion. Su Cheng thought that he would get everyone's attention.

However, no one showed a surprised expression.

Manager Tong of the Shenzhen Stock Exchange was the first to say, "The rescue itself is the work of our exchange. Reforming the stock market and eliminating this situation is the goal of the meeting. Therefore, Su Dong's point of view is a little too westernized.

Su Cheng was stunned and said, "Isn't the stock exchange a westernized thing?"

"What we want to build is the capital trading market of a socialist country, which is different." What Manager Tong said was very serious, very serious.

Other people nodded frequently. Their attitude is also very serious. It's only 1991, and the problem of the capital community has not been solved, and there are endless criticisms that the stock exchange is a symbol of capitalism. If it is proved that the stock exchange is unique to capitalism, banning it is the only result.

When Su Cheng realized this, President Guan spoke again and said, "Our stock market. We should grow together with the national economy. Residents provide funds to the company, which is used to create wealth, and then dividends are distributed to residents to form a good interaction. Our reform goal is to reduce the risk of the stock market. This downward trend will cause great harm to society and the national economy. So I want to say. Yes, we should not only save the market, but also reform the exchange system.

He is completely tit-for-tat. Naturally, this is not a personal grudge. It is a very important collision of ideas.

For Su Cheng, who has received general education since he was a child, his thinking mode and the management president have an essential difference.

Su Cheng thought for a while before he finally understood. In surprise, he asked inexplicably, "Mr. Guan, do you mean that the stock market will only rise but not fall?"

"It can fall, but it can't fall continuously, and it can't fall sharply. Similarly, we are not in favor of a surge. Residents' dividends from the country's economic growth through the stock market is the socialist stock market..." The president said.

Su Cheng's eyes are straight, and the stock market only rises but not falls? The ideal is enviable.

But the president is a vice-ministerial-level cadre, and he is definitely not open-minded. Look at the other people around him. No one feels strange... It can be seen that there are many people who think like him, or understand his thoughts.

What a beautiful era.

If you don't know the virtue of the Chinese stock market in later generations. Su Cheng may admire their ideals. Now, all he has left is sympathy.

The full ideal and backbone reality are useless even for ministerial-level cadres. What can't be solved is still can't be solved. Perhaps, the Chinese stock market in later generations is indeed a characteristic capital trading market. However, with the tone of the creator and the developmentist. I'm afraid it's completely different.

Sucheng is not going to discuss ideals with them. In the discussion of ideals and reality, winning is always ideals. In the implementation of ideals and reality, what wins is always reality.

After Su Cheng and other management presidents finished speaking, he said directly, "I have a way that does not involve the reform of the stock exchange market, but it can solve the current market downturn. Let's pull up a leading stock.

The agricultural mayor of the Shenzhen Municipal Government was interested and asked, "How to pull up?"

The president of the management coughed heavily and interrupted, "No."

Su Cheng said dumbly, "I haven't said it yet."

"The government cannot directly interfere with the stock market. You don't have to say that I understand, but the behavior you are talking about is typical manipulation of the stock market. This is not right." It's another idealistic assertion, but the governor is right. The so-called pulling up leading stocks in Sucheng means that the government manipulates the stock market to achieve the purpose of driving the market by buying leading stocks.

This is very common in the stock market in later generations. It is not only used by China, but also by foreign governments. In particular, the European and American governments that came to power in 2000 are often accused of being socialists by the domestic media. In this process, there are not only changes in economic thinking, but also the influence of Chinese factors.

Everyman has the impulse to copy and learn successful experiences, which is not something that simple ideology can stop. When China's economy takes off, European and American countries in economic crisis naturally have the impulse to learn from China's economic experience.

In 1991, in a world where the planned economy of the Soviet Union had collapsed, Chinese intellectuals had the impulse to learn from the economic experience of European and American countries.

Specifically, when it comes to the stock market, "never interferes in the stock market" seems to have become the golden rule of early reformers.

They really want to create a pure and beautiful stock market.

Su Cheng showed an apologetic smile to the governor and said, "Your methods don't work. Saving the market is government intervention. On the one hand, you don't want to interfere in the stock market, and on the other hand, you want the stock market to only rise but not fall, and it rises slowly? How can it be?"

The governor sighed and said slowly, "It's man-made."

Even his allies didn't believe this sentence.

Mr. Zhou also understood and laughed, "Xiao Su, you broke the window paper."

The strategy of pulling up leading stocks is not unexpected by other companies, but they are unwilling to do it. Su Cheng had no hope for the beauty and purity of the Chinese stock market, and joked without any guilt: "As long as the governor does not restrict my loan, the window paper will be broken."

"Which leading stock does that pull up?" Mr. Zhou asked this, which showed that he was in mind Sucheng's plan.

The governor was so anxious that he didn't care about the etiquette and shouted, "Mr. Zhou, you can't set such a precedent! The government intervenes in the stock market, and the troubles are endless.

Mr. Zhou asked, "What will happen to the stock market if the government does not intervene?"

The president of the management said bravely, "Maybe there are some bad fluctuations, but it can always survive."

Mr. Zhou waved his hand and said, "Everyone has a lot of opinions about the stock market. If there is a bad fluctuation, the stock market will be closed.

He turned his eyes to Su Cheng.

Su Cheng smiled apologetically to the president of the management and said, "In the case of the Shenzhen Stock Exchange, I will give priority to Shenzhen Development, Shenzhen Development Bank, buy a little of its stocks every day, and the market will come to life in about two months."

"How much does it cost?"

"This, I guess billions may be enough. Deep development, the current plate is not big.

The president of the management said with a "hum" and said, "There may not be billions of deep development. If you really want to boost the stock market, I think 500 million yuan is enough.

Su Cheng smiled shyly. He has never been exposed to the Chinese stock market, and he really can't understand the size of the stock market in 1991.

Manager Tong coughed gently and said to Mr. Zhou, "The Shenzhen Stock Exchange can only take out 100 million yuan at most, and it's not enough to throw it all out."

Mr. Zhou turned his eyes to others.

Mayor Nong hurriedly said, "The municipal government has only one billion at most, but if all of them are taken out, next month's cadre salaries will be terrible. If the bank can help with the loan, it will be easier to do it.

The governor reluctantly said, "I have to go back and report it, but it is estimated that a loan of 100 million yuan is acceptable."

Each of the three companies paid 100 million yuan, as if it had been discussed. Even Mr. Zhou can't force them to pay more money.

They do not point to Mr. Zhou's promotion to make a fortune. This meeting is also a purely transactional meeting, which is a matter of inter-departmental quarrels and policy formulation.

Sucheng is different. There is no better way to express determination.

He did not hesitate to say, "Dahua Industry is willing to invest 200 million yuan to buy the stock of Shenzhen Development."

The governor was stunned and said, "Stock market risk, no loss of ups and downs."

He was afraid that Su Cheng would lose money and make trouble again. This kind of thing is not new for the children of the powerful.

Su Cheng also smiled and said, "If you lose money, I won't bother you."

Mr. Zhou was also a little happy and said, "That's good. Dahua Industry is social funds. In the future, if we have more social funds, the stock market will naturally prosper."

The president of the bank said simply, "Then Su Dong's Dahua Industry will first promote deep development. If 200 million yuan is successful, it will also avoid the problem of the government's manipulation of the stock market."

"Dahua Industry will take action first. If the stock price rises, the number of stocks that your funds can buy will be less."

"It doesn't matter."

"All right." Su Cheng agreed and said, "I need the documents of the higher authorities to avoid private manipulation of the stock price."

Manager Tong didn't give Su Cheng a chance to repent and hurriedly said, "We will issue the documents today."

Both sides feel that they have taken a big advantage. Including the Shenzhen Stock Exchange itself, they do not think that the Chinese stock market is likely to soar. Their plan is to increase the stock price by 5% to 10% every year, just like China's economic growth data.

Sucheng still has an unreal feeling: this is a bank stock!

......RS