In the eyes of foreigners, both the Shenzhen Stock Exchange and the Shanghai Stock Exchange are like a joke. From their perspective, all kinds of bizarre operations are astonishing.
However, China's economy has risen rapidly in the eyes of the world's doubts, and in thirty years it has completed the journey that Western developed countries took two hundred years to complete.
However, the Chinese people are in the exploratory stage for the securities market, and as the Shenzhen Stock Exchange represents the direction of China's reform and opening up, every move it makes will affect the national economic policy.
The Shenzhen Stock Exchange must work on this.
At 9 o'clock in the morning, Yao Yuan came to the exchange's small conference room, which was changed to conduct command and trading, and found that everyone except him was here.
Vice Mayor Ye couldn't help but get excited and said, "These are the heads of municipal enterprises. To ensure nothing goes wrong, the city asked them to prepare a sum of money that can be invested at any time to rescue the market."
"Municipal enterprises?" Yao Yuan frowned. After greeting several people in charge, he quickly understood and reminded Deputy Mayor Ye in a low voice, "Isn't it against the regulations to use money from municipal enterprises to save the market?"
Vice Mayor Ye said helplessly, "There is really nothing we can do."
Not only is it illegal, but it may also involve illegal crimes. It is difficult to pass the financial level alone. The money of municipal enterprises is not used as they want. The profits are handed over, and the city arranges expenditures uniformly. Once a year, the person in charge uses the corporate funds
The use of funds to rescue the market at least violates financial regulations.
Yao Yuan noticed that the person in charge of every enterprise brought an accountant with him. Seeing their resolute expressions, he felt filled with emotion.
Twenty or thirty years later, some leading cadres violated the regulations and invested money in the stock market and lost money to the point of losing their pants. It was the state, that is, the common people who paid the bill. Compared with them, the cadres of this era are so cute.
Most of the cadres in this era are public-spirited. They risked going to jail to rescue the market. This was entirely out of public-spiritedness and the consciousness of a party member cadre.
Yao Yuan said in a deep voice, "Southern Industrial has sufficient funds prepared and there is no need for them to take risks."
"Okay, Mr. Yao, thank you." Vice Mayor Ye shook Yao Yuan's hand and expressed his sincere thanks.
"The market is open."
The team at Southern Industrial is ready. They are all experts transferred from Hong Kong. The leader is Cheng Yongjian, a returnee from the mainland and the head of the securities market department of Yuanda Investment.
Cheng Yongjian stood and asked Yao Yuan, "Mr. Yao?"
Yao Yuan looked at the time and nodded.
Cheng Yongjian gave the order and the traders got busy.
The collective bidding begins.
In fact, there was no competition at all. The funds from Southern Industrial became the only buyer as soon as they entered the market. The first batch invested 1 million, which was all consumed in more than ten minutes.
The stock price of Shenzhen Development Bank once soared to 54.8 yuan. After entering 1992, it fell all the way to the current 7.6 yuan. It is a veritable junk stock, and all the orders were sold, with no one taking the orders. The city government had to issue regulations to set a 5%.
2% lower limit.
It took more than ten minutes to put 1 million funds into the market to take over the order.
Cheng Yongjian stood there with his arms folded and watched the changes. The traders continued to invest funds to buy according to the established plan. Everyone was calm.
Yao Yuan sat down and enjoyed the exchange's delicious black tea.
Lin Wei walked around, looking left and right curiously. He saw that the numbers representing funds on the computer screen kept decreasing, and his heart was bleeding.
More than half an hour has passed, and the stock price of Shenzhen Development Bank is still going down. At this time, Southern Industrial has invested more than 20 million yuan.
Vice Mayor Ye couldn't sit still and asked in a low voice, "Mr. Yao, why is it still falling? Is it because there are not enough funds to enter the market?"
More than 20 million yuan has been invested, but the stock price of Shenzhen Development Bank is still falling. This makes Vice Mayor Ye, who has great hopes, anxious. If Southern Industrial cannot attract Shenzhen Development Bank, the five stocks currently on the Shenzhen Stock Exchange will really be hopeless.
As a result, the Shenzhen Stock Exchange has lost its meaning of existence.
Yao Yuan smiled and said, "Don't worry, Mayor Ye. The market needs reaction time. It's only been more than an hour. Many people haven't received the news yet. Please wait."
"Okay, okay." Vice Mayor Ye smiled awkwardly and took out a handkerchief to wipe his sweat.
The trader suddenly said, "There is a big market! 1,000 lots!"
That's one hundred thousand shares.
Some big players have taken action.
Cheng Yongjian said without hesitation, "Eat in!"
Just like opening Pandora's Box, countless selling orders appeared, mostly from retail investors. Although they were for dozens or hundreds of shares, the quantity was large. Southern Industrial accepted all the orders.
In just a few minutes, Southern Industrial bought hundreds of thousands more shares and became the largest shareholder of Shenzhen Development Bank.
As of this month, the total number of shares issued by Shenzhen Development Bank was 870,000.
Shenzhen Development Bank's stock price rose, driving the market up dozens of points.
Vice Mayor Ye was so excited that he couldn't help himself.
Cheng Yongjian suddenly said, "Stop first!"
Traders quickly stopped buying.
Vice Mayor Ye was stunned and quickly asked Yao Yuan, "Mr. Yao, have you stopped like this?"
"Someone should be grabbing the goods." Yao Yuan said.
"Besides us, are there other buyers?" Vice Mayor Ye reacted quickly, frowning.
Yao Yuan smiled and said, "That's a good thing. Mayor Ye, will Southern Industrial continue? We are already the major shareholder, should we let the city take over?"
"No, no, no, please continue with Nanfang Industrial." Vice Mayor Ye knew very well that the little money prepared by the city could not last long.
Just now, in just a few minutes, Southern Industrial spent more than 100 million.
Moreover, the city government is not only considering the development of Shenzhen, but also the entire market.
Shenzhen Development Bank's stock price continues to soar.
What is certain is that with the backing of Southern Industrial, it will be difficult for Shenzhen Development Bank's stock price to fall in the future.
Yao Yuan looked at Cheng Yongjian and nodded slightly.
Cheng Yongjian immediately ordered, "Sell."
The traders changed the selling order according to the established plan.
Suddenly, a large number of selling orders came out, and the market suddenly fell into panic.
Yao Yuan's judgment was correct. Some large investors discovered that someone was trying to support the market, so they covered their goods and waited for the stock price to continue to rise. The bolder ones also followed suit and bought goods to compete with Southern Industrial.
If no measures are taken, Southern Industrial will have to pay a greater price to complete its follow-up plans.
Cheng Yongjian came over and reported, "Mr. Yao, the average price we bought is 7.5, and we already hold 27% of Shenzhen Development Bank's shares."
These are all original shares.
"If it does not exceed 35%, continue to buy without deliberately controlling costs." Yao Yuan said.
Although Cheng Yongjian didn't understand, he still faithfully carried out his boss's orders.
The second half of the sentence is for Vice Mayor Ye. Yao Yuan does not want to leave a profit-seeking image in front of the city government leaders. The city government is concerned about market stability, which is related to social stability. If the price is too low, the same will happen.
Cause resentment in society.
The extra money you have to pay is only a few million or tens of thousands, so it is better to give the city government a favor.
Vice Mayor Ye nodded gratefully to Yao Yuan.
He had some understanding that the purpose of Southern Industrial's change of selling order was to force large investors to take action, rather than to drive down the stock price. He didn't have enough goods in hand, so even if he had various strategies, he wouldn't be able to use them.
Sure enough, after the market panic, the big investors who wanted to fish in troubled waters couldn't sit still, and there were big sellers one after another. However, Cheng Yongjian was not in a hurry to buy, and let the panic spread for a while.
The stock price began to turn around and go down. Cheng Yongjian gave an order to remove the selling order and place a buying order, sweeping away all the selling orders in the market.
After this move, Shenzhen Development Bank's stock price surged upwards as if it had been on stimulants.
Yao Yuan said, "Mayor Ye, the government's special funds can be put into the market."
Vice Mayor Ye nodded excitedly and said, "If Southern Industrial still needs funds, can it continue to support the market? The other four stocks cannot continue to fall."
Yao Yuan didn't care much about this. From the moment he decided to support the market, he was prepared to lose some money. But in general, the money he earned from Shenzhen Development Bank was thousands of times that of now.
The little money I paid was just a drop in the bucket.
"No problem." Yao Yuan gestured towards Cheng Yongjian.
Vice Mayor Ye said, "We also hope that Southern Industrial will continue to buy the stocks of Shenzhen Development Bank without restrictions. We hope that Shenzhen Development Bank can continue to develop and not be a flash in the pan."
What he knows very well is that with the backing of the powerful Southern Industrial, Shenzhen Development Bank will definitely become the leader of the Shenzhen Stock Exchange. As long as Shenzhen Development Bank is strong enough, the market will not collapse.
The reason why Yao Yuan controls his shareholding ratio below 35% is to avoid becoming the one that attracts attention. With these 35% of the original shares, even thirty years later, through the continuous issuance of new shares, Southern Industrial holds
After converting the shareholding ratio, it is almost 20%, which is enough.
Calculated based on Shenzhen Development Bank's later trillions of assets, that would be 200 billion...
Facing Deputy Mayor Ye with sincere eyes, Yao Yuan could only sigh helplessly. Since he insisted on stuffing money into my hand, I wouldn't be polite.
He said, "Okay, Southern Industrial's funds are fine."
"Thank you so much!" Vice Mayor Ye excitedly held Yao Yuan's hand and shook it.
Reminds Yao Yuan of that skit - thank you!
As soon as the market opened in the afternoon, the entire market changed. The long-lasting turmoil disappeared and was replaced by the joys and sorrows. The five first batch of stocks were all rising, and the market continued to rise. Yao Yuan asked Cheng Yongjian to also buy some other famous stocks at this time.
The stock of a company that was not widely known but became famous later caused the market to rise across the board.
On the second day, Nanfang Industrial continued to support the market with its domineering attitude of "people are stupid and money is abundant", and the market was in an uptrend.
At this stage of the market rescue, the overall situation has been decided.
Southern Industrial invested nearly 500 million in capital and single-handedly held up the market. On the last trading day of this week, Cheng Yongjian compiled the report and came to the hotel to report it.
After waiting for Yao Yuan to read the report, he said, "As of today's close, Southern Industrial holds 67% of the shares of Shenzhen Development Bank and 41% of the shares of Shenzhen Vanke. Will the shareholders' meeting be held to reorganize the board of directors in accordance with relevant regulations?"
"No, I have promised the city government that Southern Industrial will not participate in the operation of the above two companies, that's it." Yao Yuan shook his head and said, "Have you made a plan to enter the Tokyo stock market?"
Cheng Yongjian said, "It's done, Mr. Yao, I don't know why you think the Nikkei Index will fall. After analysis, we believe that Japan's economic development momentum is strong and their overseas investments are very large. It will be difficult for the Nikkei Index to fall in the short term."
There are fluctuations.”
Yao Yuan did not explain, but said, "During the Gulf War at the beginning of last year, everyone thought that oil prices would rise, but the result was that they fell instead of rising. After entering the 1990s, Japan's economy was prosperous on the surface, but in fact it was time for hidden dangers to break out.
, you should pay more attention to the real estate situation in Tokyo and act according to the original plan."
"Real estate in Tokyo?" Cheng Yongjian nodded slightly, "Understood, act according to the original plan."
A Gulf War shocked the whole world, not just military.