Chapter 304 Shenzhen Stock Exchange

The sunshine in July rushed to all the living things and dead things on the ground one after another. The hot waves blew up the branches and leaves that had lost water, encouraging the gravel to move forward.

The senior executives of Dahua Department, like hard-working bees, shuttled between schools and research institutes despite the hot weather, in order to persuade some members to trust academicians, so as to make a certain assessment for Dahua Petrochemical Company.

In order to enhance persuasion, officials from Fu*jian, Shan*dong, Shang*hai and other places were also launched under the promise of further investment in Sucheng. Officials from ministries such as PetroChina were also said to be said.

People can't help themselves in the world, and it's the same for academicians. Some people need funds to continue scientific research projects, some people need large factories to do experiments, and some people need the cooperation of certain research institutions. For the academicians themselves, the power of localities and ministries seems to be small, and it has an extraordinary effect at critical moments.

Dahua Group's public relations department cruises around the capital all year round. With a little energy, you can find the critical moment for academicians. Next, Su Cheng will come forward, bring the people or tools to poke **, and tirelessly poke them.

The whole process is very boring, and you have to prepare for Sinopec at any time during this period. Most of the academicians of the petrochemical department are from Sinopec. Although this will not affect their professional judgment, if Dahua does nothing, it is easy to have uncontrollable consequences.

The whole month of July is simply killing me. Even so, Dahua only said that two academicians came forward to preside over the evaluation, and three other prospective academicians were willing to come forward.

In this way. At most, it only gives two or three more than 30% of the five State Councilors' votes. Su Cheng could only continue to work hard and then wait for Mr. Zhou's response. If you want to do any work, you have to wait until the door comes.

There are also officials of the Shenzhen Stock Exchange who are also dying.

The frenzy during the counter trading period has long dissipated, but the sequelae are increasingly revealed. By August 1991, the Shenzhen Stock Exchange had fallen for 10 consecutive months. Not to mention that investors were in shock, the Shenzhen Stock Exchange itself was almost unable to hold on.

If anyone bought the shares of the Shanghai Stock Exchange at the end of 1990. What he will get will be flowers and appreciation. If he buys the stock of the Shenzhen Stock Exchange, he will get endless contempt and terrible decline - not only to watch the stock fall. And if you want to sell it, you can't sell it. There is no buying market at all.

The exchange is like a dying animal, constantly bleeding and bleeding. Only occasional twitching, not even a senseless struggle.

It's August 4th. The stock index of the Shenzhen Stock Exchange fell from 100 points to 45 points, and the market value of the entire stock market shrank from 5 billion to 3.5 billion, which was simply terrible. If it corresponds according to the stock index, from 100 points to 45 points, it is equivalent to 6,000 points to 2700 points. After 30 years of hardships, shareholders can't stand what shareholders can't understand in 1991. In particular, many shareholders are forced to buy stocks, and they can't cut them even if they want to. Needless to say, they are suffering.

At this time. Even the idealistic governor can't stand it. It is difficult for the "adjustment fund" of the Shenzhen Stock Exchange to come out.

The 200 million yuan promised by Sucheng is only part of the adjustment funds. The Shenzhen Municipal Government and the Shenzhen Stock Exchange, as well as the 300 million yuan funds of the People's Bank of China, also need to be implemented by them one by one.

This implementation is more than a month.

And the stock market doesn't mean to wait for them.

Every day. The stock market closed with a limit-down. The limit of the Shenzhen Stock Exchange has been limited to 0.5%. In this way, it has fallen for a month and will fall by more than 20%.

And there is no intention to stop at all.

The adjustment funds used for the city were difficult to implement, and the mayor could not wait any longer. He hurried to Beijing. Unable to rest, he hurried to the hotel to find Su Cheng and persuaded him to enter the market first.

From the wet deep * Zhen to the dry Bei * Beijing, the farmer's lips were cracked, but he did not mean to drink water and kept saying, "I know that if the adjustment fund is not in place, letting Dahua's funds enter the market will cause additional losses. To be honest, I have no way to compensate. I only ask Su Dong to see so many shareholders, so many investors who respond to the government's call to enter the market in order to support the construction of the country, can lend a helping hand..."

The current Shenzhen Stock Exchange is like a Shanghai Stock Exchange stock that has fallen since 6,000 points. No one knows how much it costs to drag the stock index up. Funds that enter the market early will naturally bear additional risks. If the purpose of stopping the decline is not achieved in the first few days, the lost funds are an additional loss.

In 1991, 10,000 yuan was still worth talking about. Ask Sucheng's 200 million yuan to enter the market. Even if he loses 1%, the mayor of the farmer feels ashamed. After all, the government's funds are not in place.

Su Cheng thought of a story that had been around for a long time. It is said that an old cadre bought 5,000 yuan of Shenzhen Development Stock in response to the country's call. It was not until 1997 when Shenzhen Development Stocks rose sharply that he remembered it and found that he had made a profit of dozens of times. So it was sold and cashed out, leaving only the principal of 5,000 yuan, and the rest paid special party dues...

"How much money does the adjustment fund have now?" Su Cheng did not mean to shido it. To Mayor Nong's expectation, he didn't know that what he didn't say affected Su City.

The mayor of Nong also came with Manager Tong of the Shenzhen Stock Exchange. He replied nervously, "80 million yuan."

Su Cheng curled his lips and said, "You three promised 300 million yuan, and you only prepared 80 million?"

"The funds of the People's Bank of China are not in place yet. This 80 million is prepared by the municipal government. Mayor Nong was worried that Su Cheng was unhappy, so he said, "In these 80 million yuan, there are commissions paid by brokers and funds from state investment. The funds of the municipal government are also very tight. It takes 200 million yuan, at least a month... In that way, I'm afraid the pressure of the decline will be greater."

"Okay."

"Okay?" Mayor Nong has the feeling of punching on cotton.

Su Cheng only nod his head gently and repeated, "Dahua can enter the market now."

"Now?"

"Yes." Su Cheng turned around and asked Yang Ming to book a plane ticket.

Mayor Nong didn't expect it to be so simple that he didn't know what to say.

The flight in 1991 was small and broken. Many civil aircraft have only 20 or 30 seats, the size is similar to that of a private jet, and the decoration and appearance are similar to that of a country bus. In fact, there is not much difference between the aircraft serving in China at this time and the aircraft serving in Africa. Most of them have been used for 20 or 30 years and are still flying, thanks to the cheap oil price.

Su Cheng and others were in a hurry and had no room for selection, so they took an old plane with an 80-seat seat and flew to Shenzhen.

When I got to the place, I was greeted by a Santana and drove all the way to the Shenzhen Stock Exchange.

In the classroom-sized room, there have been nearly 20 people waiting for a long time.

Su Cheng listened to the introduction of Mayor Nong and compared it with known celebrities in his mind. As China's earliest stock exchange, everyone who can participate in China's first government rescue operation has a good room to rise, as if the golden road has been paved for a long time.

However, with the current scale of Dahua, Sucheng has long been out of the idea of domestic listing to make money, and there is no intention to get to know each other. He only remembers the person's name and simply shakes hands and greets.

Then there was a meeting, talking about the ways and plans to save the market, during which there were various discussions between the government and the city. Su Cheng was drowsy.

There is no conclusion on whether the government should save the market after 20 years, and there may still be no real conclusion in another 20 years.

The gentlemen of the Shenzhen Stock Exchange just went through the process.

In the face of the cruel reality of saving the market or closing up, the governor put away his idealism, and others are not much better.

The meeting lasted for about 2 hours before it was over, and then most people slowly left the room.

The mayor of the farmer whispered, "The adjustment fund must be strictly confidential, and the specific implementation process will be done by several of us."

Su Cheng looked around. In addition to the mayor of Nong, the president of management and Manager Tong, there was also a general manager Wang. This is a typical government official in his 50s. He wears a gray jacket, combs his back, and feels a little rustic and confident.

Such government officials are the most common in local governments, but they are a little out of place with new affairs such as stock exchanges.

Su Cheng recalled and said strangely, "Are you the general manager Wang of Longsheng Import and Export Company? Do import and export companies also do stock trading?

Mayor Nong coughed heavily and said, "Dong Su, General Manager Wang is here to help."

"How can I help?"

Several people were a little embarrassed to be asked by Su Cheng. After a while, the mayor of the farmer said, "Well... We didn't expect that Dahua Industrial Association would enter the market now, so we hope Longsheng Import and Export Company can help us if we don't have enough funds."

The import and export company is rich, and Sucheng knows it. However, import and export companies and stock exchanges really can't compete. With the current corporate structure, Longsheng Import and Export Company is not allowed to participate in stock trading.

It may involve illegal circumstances. Su Cheng suddenly became serious and said, "Mayor Nong, you have to explain it to me."

Several people looked at each other, but General Manager Wang came forward and said, "Song Su, I took the initiative to ask for this. Longsheng has money in the account, and the stock exchange cannot fall. In this case, I have prepared 80 million yuan. If the adjustment fund does not have enough money, Longsheng will also quietly buy deeply developed stocks. Except for the farmer and the mayor, only the accountant of our factory knows about this matter. Please ask Su to keep it a secret.

Hearing what he said, Su Cheng understood. This is misappropriation of public funds. It's just that the money was misappropriated to entrust the city.

Su Cheng suddenly hesitated, which was a little dangerous for him.

The mayor of the farmer said helplessly, "It's really because of the lack of funds, so this is the worst strategy."

General Manager Wang waved his face and said, "Su Dong, this matter has nothing to do with you. We enter the market. After the stock price rises, just quietly sell the account. If there is more, give it to the market. Don't worry, I won't take a dime.

......RS