The small conference room of the Shenzhen Stock Exchange was converted into a rescue office, where traders and decision-making leaders are all here. They are both referees and athletes. This is the characteristic of the Huaxia Securities Management Agency. Even so, it still cannot suppress the market panic.
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Investigating the root cause, the triangular debt problem and the Qiongdao real estate bubble are two major factors.
Yao Yuan's focus is on heavy industry. Even if he wants to make some quick money, he would not choose the mainland's securities market. He has accounts at the London Stock Exchange, New York Stock Exchange, Tokyo Stock Exchange, and Hong Kong Stock Exchange, and his funds are allocated to them respectively.
Dozens of companies are controlled by Southern Industrial through shareholding and cross-shareholding.
Judging from the current situation, the securities market has a fixed income of tens of millions of dollars every month. As one of the blood supply channels for directional machinery, it is quite sufficient.
However, he has no interest in the mainland securities market, and the local government is unwilling to let go of such a wealthy man with more than one billion US dollars.
Only the foreign exchange management department and relevant agencies at the national level know about Yao Yuan's situation. Vice Mayor Ye knows so much information. It is obvious that Vice Mayor Ye has received instructions from his superiors.
He could refuse the Shenzhen Municipal Government, but Yao Yuan could not refuse the higher-ups.
What's more, this will be beneficial to his future layout in Russia and Azerbaijan's oil field plan. He cannot shrink back when he should contribute to the country, and play the patriotic card when he needs the country's support.
After the comrades from the exchange introduced the situation, Yao Yuan took a look at the stock market and found that several traders were very junior.
He motioned Lin Wei to call Yu Yongan.
Lin Wei immediately informed Yu Yongan.
Vice Mayor Ye was most concerned about the funding situation and couldn't help but ask, "Mr. Yao, when will Southern Industrial's funds be available in the market?"
Looking at the time, Yao Yuan said, "To be honest, I can enter the market at any time, but without the central bank's funds in place, there are only 50 million Huaxia coins in the city government's special account. This is not easy to handle."
Vice Mayor Ye was overjoyed and said, "Mr. Yao, don't have any worries. I'll call you now to urge you. The sooner the better!"
He has been tortured by the exchange affairs to the point of collapse, and he can't wait to raise the stock price immediately.
Yao Yuan said with a smile, "There is no rush at this moment. It has already reached the limit anyway. Let's prepare this afternoon. We will first pull up Shenzhen Development Bank. The rest will depend on the situation."
"As long as we pull up Shenzhen Development Bank, everything else won't be a problem." Vice Mayor Ye said excitedly.
The stock market has lost confidence, and rebuilding market confidence does not mean pulling up all the old five stocks. Except for Shenzhen Development Bank, there will only be one Shenzhen Vanke left in the end. Yao Yuan is not willing to invest a penny in the other three stocks.
Yes, he can be a taker, but he won't be taken advantage of.
After the negotiation was concluded, Yao Yuan stayed in a hotel near the exchange to facilitate travel.
Two hours later, Yu Yongan came over with a team of traders. After clarifying the task with Yao Yuan, he immediately arranged it.
On the other side, Vice Mayor Ye rushed back to the city to report the good news. At the same time, he contacted the central bank and asked their funds to be received as soon as possible. As soon as the central bank heard that the main force was in place, it did not dare to neglect and quickly ordered the provincial branch to implement the funds immediately.
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Yao Yuan said to Yu Yongan, "I plan to use Nanfang Industrial as the main body for this rescue. If you are interested, you can use Yongan Group as the main body."
Yu Yongan smiled and shook his head, "I'm not interested in the domestic stock market."
Everyone knows that the Shenzhen Stock Exchange is a bottomless pit, so what if I become a shareholder of Shenzhen Development Bank? Yu Yongan really looks down on a township bank that is not even comparable to Nanyang Bank.
Yu Yongan immediately added, "If you don't have enough money, tell me anytime."
A statement must be made.
Yao Yuan nodded slightly, understanding Yu Yongan's thoughts very well. After all, no one but him could see the future of Shenzhen Development Bank. He said, "That's enough. Let's go out and see how your clothing trade city is doing."
"Construction has started."
Yu Yongan immediately made arrangements, and the group drove to Futian.
We arrived at the place in a short time, and what appeared in front of us was a large construction site, a bustling construction scene. It was during this era that the speed of Shenzhen City emerged.
Yu Yongan pointed to the construction site on the side of the road and said, "Ten acres of land and a clear height of five meters are more than enough."
Yao Yuan frowned, "Only ten acres of land? One floor?"
This piece of land is very valuable. Like Li Yinglun, you can hold it in your hands for more than ten years without doing anything. If you sell it back, the profit will be dozens or hundreds of times.
Of course, Yao Yuan would not do anything that would cause the country to criticize him verbally, but this did not prevent him from taking action in advance.
"Little?" Yu Yongan was stunned.
Yao Yuandao said, "Of course it's small. There should be a lot of land in this area. Keep taking it and connect it into a piece. Take as much as you can. Don't build a one-story clothing trade city. If you want to build it, build a dozen or twenty.
The base layer below can be used for clothing wholesale, and the above layer can be used as an office building or hotel."
"That costs a lot of money." Yu Yongan gasped.
Yao Yuan said, "Don't Yong'an Group still have several hundred million in liquidity? If it's not enough, I will invest again."
"Enough, enough, definitely enough, and the Russian branch returns a lot of profits every month, that's enough." Yu Yong'an said quickly.
His shares were not very large to begin with, and if Yao Yuan invested again, they would be diluted terribly.
Yao Yuan nodded with a smile and said, "Old Yu, now is the era of barbaric growth, and the idea of being rich and easy is unacceptable. You are also the president of the Clothing Association, so building a one-story and ten-acre clothing trade city is nothing.
What do you mean? We need to build the largest one in the country, or even the largest one in the world, and build momentum so that we can attract more and more merchants to settle in."
"It's because I'm too small." Yu Yong'an smiled awkwardly.
He sighed slightly and said, "We are currently encountering some problems in the clothing sector. Before entering the customs, we received news that the Hong Kong Sheng Group has united more than a dozen clothing factories in Hong Kong to form an offensive and defensive alliance. They are planning to build factories in the mainland."
"Build your own factory?" Yao Yuan asked.
"Yes, they are eager to keep every penny of profit in their own hands." Yu Yongan said.
Yao Yuan smiled and said, "It's easy, lower the price."
Yu Yongan was stunned, "Lower prices? They can only enter the Russian market through me, and now they want to start a war with us in the European and American markets. If the prices are lowered, our profits..."
"They are insignificant. Their opponents in the European and American markets are the real opponents. Hong Kong has less land and more people. Sooner or later, the secondary industry will be transferred to the mainland. It is the right decision for them to build factories in the mainland, but they do not have the strength to fight with us. Lower prices.
, drop by 30%, and bring the price of clothing in European and American markets to cabbage prices!" Yao Yuan laughed.
Yu Yongan was completely stupid, so how could he make any money?