At the airport, he sat in the arranged black car with a Beijing ag license plate. After many twists and turns, he finally came to a heavily guarded, two-story, antique-style architectural pavilion.

Here, he met an old man in his sixties, and the two had a close conversation.

It wasn't until late at night that he left in a hurry.

Sitting in the car on the way back, Director Li looked out the window at the lights flying by, but in his mind, the conversation from a few hours ago was echoing.

Especially the last part, he thought about it for a long time before he figured out the reason.

"Suppressing him? Who would benefit more from suppressing him? The country, him, or foreign countries?"

....

"He is still patriotic! As long as he is patriotic, that's fine! Young people don't like to be restrained. This is normal. As for other things, they are also his personal gains and losses!"

"Afraid? What is there to be afraid of! No matter how powerful a company is, can it be more powerful than a country? What's more, its foundation is all those patriotic scientists! He is still young and does not understand what the power of the country is! This principle, we insist on If you tell him, it will only arouse his resentment."

"Don't have too high expectations. Many of us have too high expectations! If you are afraid of this or that, as long as his roots are in China, it will be the best result!"

....

Director Li sighed and finally understood why his predecessor ran to Infinite Company every two days.

This is really not a fuel-efficient lamp.

....

After Infinite Company's rocket took off, the Chinese people were extremely inspired and inspired, but for the researchers within the company, it was just the first step.

From various international news, it is not difficult for people to draw a conclusion: rockets seem to be the most prone to launch failure.

Especially in India, news of launch failures can often be heard.

So, how difficult is it?

The launch of launch vehicles has always faced the problem of technological upgrading. Although many organizations have had successful launches, they do not use the same technical experience to conduct repeated launches.

How to reduce launch costs, improve carrying capacity and ensure success rate is the fundamental purpose of every rocket launch.

Take the Ministry of Aerospace, for example. Even though they have more than 100 rocket launch experiences, they are still "boy-like".

Success once does not mean success every time.

It is different from a high-speed train in that it has no rails to reduce resistance. It is also different from a flying airplane in that it has no air to generate lift. It is also different from a ship in that it has no seawater to provide buoyancy.

The launch vehicle is completely made from scratch and needs to rely entirely on its own engines at each stage to provide thrust.

Every time a new type of rocket is launched, past data must be updated and new calculations must be performed, so this brings a lot of difficulty to researchers.

After the rocket was successfully launched, Chen Weidong also put forward new requirements for the members of the project team, hoping that they could gradually reduce the cost of rocket launch.

After all, once this project is started, it cannot be carried out only once.

The launch cost of more than 70 million US dollars per launch is really too high, and even an infinitely large company cannot afford it if the number of launches is too high.

The academic committee conducted in-depth research and discussions on this matter.

After half a month of consultations, the materials department finally finalized several plans.

They plan to completely abandon the high-strength aluminum alloy material of the rocket body and replace it with low-priced carbon fiber composite or stainless steel alloy materials.

If these materials can meet the relevant hard indicators after testing, then the cost of manufacturing and launching rockets will be expected to be reduced to one or two-tenths of the current cost.

However, scientific research is rigorous, and this is only a preliminary estimate. More specific data will need to go through a large number of tests before it can be fully verified.

April 30, 2005.

Just when Infinite Company's launch vehicle project was in full swing, China's capital market also ushered in a major turning point.

The “shareholding split reform” was officially launched.

To put it simply, it is to reform the equity structure of the stock market and turn the unreasonable state-owned shares and legal person shares that could not be listed and circulated in the past into tradable shares.

The implementation of the share-trading reform has had an extremely significant impact on the A-share market and is of extraordinary significance. It can be said that a major operation was performed on the stock market with Chinese characteristics, and the operation was very successful.

On the equity registration date, as long as you buy the stocks that are to be reformed, you have the right to participate in the reform.

10 shares get 3 shares free, which means that for every 10 shares you hold, you are entitled to 3 shares given to you by the company’s uncirculated shareholders.

You gain 3 shares for every 10 shares, while non-tradable shareholders lose 3 shares for every 10 shares.

Let’s put it simply.

The share-trading reform is beneficial to both major corporate shareholders and small and medium-sized shareholders.

Shareholders whose shares were not tradable in the past have gained tradability rights through share reform and can cash out their shares and exchange them for cash.

As for the small and medium-sized investors who hold shares, their share capital has also increased, and everyone is happy.

In addition, after the stock is fully circulated, the stock price can better reflect its true value. If the stock price is low, there will be acquisitions, mergers, reorganizations and other great things.

However, full circulation also has disadvantages for the major shareholders of listed companies. If they act randomly and reduce their stock holdings too much, they can easily lose control.

Overall, the advantages outweigh the disadvantages.

However, the market is often unpredictable.

On April 30, the China Securities Regulatory Commission announced the launch of the share-trading reform.

But this time, it is the May Day Labor Day holiday, a seven-day national holiday, plus Saturday and Sunday.

Nine days in total.

It wasn't until May 9th that the stock market finally opened.

What no one expected was that with such great good news, after the market opened, the Shanghai Composite Index actually fell instead of rising, falling steadily!

As of the close, it fell 2.44%.

A big negative line fell, catching all investors off guard.

What’s even more frightening is that over the next dozen trading days, the stock market still showed no sign of stopping its decline.

The Shanghai Composite Index has been falling all the way, from a high of 1,165 after the launch of the shareholding reform, to around 1,000 points.

At this time, most investors in the market have already stayed away from the stock market, or are so deeply involved in it that they don't even bother to take a look at their accounts.

June 3, 2005.

The Shanghai Composite Index continued to decline, falling as low as 1,000.52 points. The entire Shanghai Composite Index's one-day turnover was only 4.5 billion.

It can be seen that investors have completely lost confidence and have no interest in trading.

On TV, many experts even shouted the slogan, "There is no hope for the Chinese stock market and we must tear it down and start over!"

In the four consecutive years of the bear market, most stocks have fallen by three-quarters, and it is extremely difficult to survive.

Most securities companies and fund companies also failed.

Various stock gods and stock trading gurus show their true colors.

Unfavorable news is coming one after another.

Seeing that the market was about to fall below 1,000 points, the decision-makers finally couldn't sit still.

The China Securities Regulatory Commission, China Banking Regulatory Commission, Central Huijin and other institutions have issued meeting notices to some influential domestic securities companies, fund companies and other institutions.

Be prepared to take action to rescue the market.
Chapter completed!