1988: Back to the human world for a few years

Chapter 644 Beheading

4 month 9 day.

In the black market for IOUs in various places, the prices of IOUs from 17 key enterprises mainly engaged in machinery manufacturing and light textile industries in Zhenjiang area in southern Jiangsu Province suddenly began to fluctuate wildly.

早上9点15分的白条行情从已经非常夸张的4角2分2厘开始异动，14点25分拉盘结束后，报价来到了4角7分5厘的高点，仅仅只是一天时间，这17家骨干企业的白条报价就被爆拉超过了12%。

………………

4 month 10 day.

Affected by yesterday's crazy market surge and some seemingly plausible internal rumors, the prices of IOUs of more than 374 medium and large enterprises in central and southern Jiangsu also soared. Although the increase was as sharp as that of the 17 companies yesterday, the short-term peak was once pulled up to more than 10%.

What’s interesting is that more than 374% of the IOUs that were pulled were from companies in the textile and machinery manufacturing sectors. This seemed to confirm the truth of the rumors, and immediately made many private securities firms that had been waiting to see what was going on start to stir up trouble.

………………

4 month 11 day.

As a large number of buyers entered the market, the package purchase price of the IOUs from these 347 companies on the black market soared to a high of 5 cents.

Although this quotation is exaggerated, if these enterprises are really included in the key support list, then they have sufficient debt repayment capacity to guarantee it. As long as it does not exceed the psychological red line of 7 cents, it is worth it no matter how high the quotation is.

………………

4 month 12 day.

Seeing that the prices of these companies' IOUs on the black market were rising all the way, even approaching the level of 6 cents, a large number of private securities firms could no longer sit still.

They had no idea where the big dealers in the market came from, who could push up the prices of these IOUs to nearly three times their original prices in just a few days.

You have to know that based on the current quotations, the price of IOUs from these hundreds of companies has exceeded 20 billion!
Which madman is buying things at such a high cost?
But as the news spread through some unofficial channels, everyone suddenly realized... People are scanning IOUs at such a high cost in order to prepare for the next step of mixed-ownership reform of shares. With the policy's debt-paying bottom-line guarantee, as long as it is not too exaggerated, people don't care at all how much discount they get those IOUs that can be converted into equity assets, they will scan as many as they can!

This rumor was very convincing. After the Southern Tour speech, the wind direction suddenly changed, and young masters and young ladies from all over the country began to become active.

They don't know what these high-ranking young masters and young ladies are thinking, but they know that what they really care about is never the little money in their pockets.

Therefore, the private securities dealers, who would face the prospect of exceeding their capital limit if they continued to follow up, gritted their teeth and simply used all their magical powers to find those companies overnight and directly bought the IOUs at a price of 5 to 5 cents... Due to the lag in information and the unspoken rules in the black market, those companies did not know that the package price of their IOUs had soared to more than 5 cents today. Faced with the 6 cents offer that far exceeded their psychological expectations, most of the companies delivered the IOUs on the spot without hesitation.

Although this operation almost exhausted the funds of those private securities firms, and even required them to borrow a lot of money from other institutions, turning them directly from intermediaries into sellers of goods, everyone believed that it was still worth it.

Now that the IOU is in his hands, he has the final say on the price. I believe that as long as it does not exceed the psychological high voltage line of 7 cents, the big dealer who appeared out of nowhere will definitely accept it.

The price difference was nearly 2 cents. Even if they had to pay a large amount of interest and handling fees, they would definitely make a fortune from this super large order with a total value of billions.

Besides, there are not only bullish players, there are also bearish players!
In the black market where the system and gameplay are actually quite sound, many people can still make a profit even if the price drops slightly.

Although the concept of hedging has not yet entered China, Chinese people have always liked to prepare for both situations. There are quite a number of private securities firms that go long on one side and short on the other.

………………

4 month 13 day.

The market conditions suddenly became strange. After a slight increase just after the market opened, the quotations of these companies' IOUs quickly fell back to sideways, fluctuating between 4 cents and 4 cents.

Although private securities firms and speculators were surprised by this exaggerated shock, they were not too panicked.

After receiving the news, the big market makers would dump the IOUs in their hands to create a panic sentiment of falling prices in the market. This is not an uncommon method.

Most of those corporate IOUs are in my hands. As long as the big dealer comes for the subsequent mixed-ownership reform of shares, the initiative is in my hands... At most, these people will earn less.

………………

4 month 14 day.

After some private securities firms risked their lives to take up the IOUs thrown out in the market, today's market quotations went through several rounds of violent fluctuations. In the afternoon, they began to plunge to a low of 4 cents and 1 cent...another drop of more than 5%.

This is not the worst thing.

The worst thing is that some inside information began to spread, that the big dealer was not actually coming for the companies involved in these IOUs, but simply wanted to make a fortune in the IOU black market.

They have a large number of real estate projects in Hainan and Beihai, and their development focus is also on the real estate industry. How could they look down on those manufacturing companies with pitiful profits?
Just by doing this in the past few days, the big dealer has earned a profit of two or three hundred million yuan. Tomorrow he will use this money to buy land in Hainan. Everyone just wait to cry.

This makes sense and seems very credible. After all, these days no one would leave a piece of land with huge profits unsold and instead spend hundreds of billions of real money to buy shares in hundreds of real companies.

As a result, many private securities dealers who realized that they had become leeks looked at each other in bewilderment, and for a moment they didn't know what to do.

………………

4 month 15 day.

As the trading volume of these IOUs plummeted, a huge panic spread in the market.

With the dismal closing at noon, many private securities firms finally gave up their hope and began to sell off the IOUs in their hands.

4 cents and 1 cent, no one takes it;

3 cents and 9 cent, no one takes it;

3 cents and 5 cent, no one takes it;

3 cents and 2 cents...

Near the closing time of five o'clock, in just one afternoon, the price of these corporate IOUs jumped to 1 cents.

But there is no way. Those private securities firms have leveraged and put all their assets at stake. Although many of them are both long and short, after all, the bets on long positions far exceed those on short positions.

Therefore, with the market in such a state, they have to find a way to recover some funds even if they lose everything. Otherwise, they will not be able to close their positions, and that would be a big problem.

........................

At this time, the man with gold-rimmed glasses named Zhao was standing at the window of the company with his arms folded, looking very proud.

In just one week, the long and short contracts with leverage greater than or equal to 20 times were blown up, completing a perfect wave of contract harvesting. It was definitely a resounding victory!

The so-called "double explosion of long and short positions" refers to the situation where the market makers rapidly raise the asset price in a short period of time, and then concentrate their chips in a short period of time to dump the market, resulting in both long and short positions in the futures contracts being blown up.

Being able to push up and crash the market in a short period of time means that the market has been artificially controlled... This is difficult to do in mature futures markets in Europe and the United States, but in China today, in the black market, a crude securities market that is not even officially recognized, with the power of the Wei family, it is not difficult at all.

Of course, although you can play like this, you must first have a minimum capital... Wei Hongjun has used all kinds of tricks to make money in the past six months, and has scraped together more than 2 million yuan in funds, just for today.

Once the situation of both long and short explosions is formed, as long as you call Wei Hongjun and ask him to use his connections to pull the power switch (later known as pulling the network cable), then none of the leeks in this bureau will be able to escape!
But that's not the most important thing.

The most important thing is, once the power is turned off, all the fish will be trapped in the pond, and the IOUs of those companies will become completely rotten cabbage. Not to mention 1 cents, even if the price is 7 cents, they will line up to make the deal!
This is Wei Hongjun’s real purpose!
The various news circulating in the IOU black market are mixed with truth and falsehood, but his target is indeed those IOUs, and his purpose is indeed to prepare for the subsequent mixed-ownership reform of the shares of these companies.

A young man cannot live without money for a day, and a real man cannot live without power for a day.

Since it would be difficult for my father to make further progress without any special opportunity, as his son I should create an opportunity and external impetus for him!

Wei Hongjun is well aware of the country's emphasis on post-disaster reconstruction in East China.
We also understand the general framework of the country's post-disaster industrial adjustment in East China.

It is clearer what role the textile and machinery manufacturing industries in East China will play in the future.

Although there are definitely industries with greater value than these two areas within the industrial adjustment framework of East China, unfortunately, given the current situation of the Wei family, after comprehensive considerations, he cannot stretch his hand too far.

Therefore, he first collected the IOUs of these backbone and potential enterprises, and then acquired shares in the subsequent mixed-ownership reform. With the talents he had recruited in the past two years and the influence of the Wei family, he used the slogan of "equal division" to make these elites become managers or important backbones of these hundreds of enterprises in the shortest possible time and seize the dominance of the enterprises. Then, he used the power of the cluster to form industrial influence and social influence, and then provided his father with a strong external aid and trump card...

This is Wei Hongjun’s plan.

What’s more subtle is that the flood in East China last year exposed many problems and implicated quite a few people;
Therefore, post-disaster reconstruction in East China, especially in Jiangsu, is actually full of many games.

Although Wei Hongjun did not know that there would be Thirteen Guardians in Jiangsu in the future, he could smell some things in advance.

This is also a key reason why he focused his plans on the central and southern Jiangsu regions.

It is better to break one finger than to hurt ten fingers. If you want to create a bargaining chip with enough weight for your father out of thin air, you can't disperse your strength too much. Of course, if you want to create a bargaining chip with enough weight out of thin air, Wei Hongjun needs to do a lot of things, and there are more places where you need to spend money on each branch.

Therefore, in order to maximize the leverage effect and ensure that the progress of each branch plan is not affected, he must maximize the benefits at the lowest cost.

As a result, there is the current double explosion of bulls and bears.

There was no other way, Yang Mo cut off hundreds of small mouthparts of the Wei family in one breath. Although the impact on the Wei family was not particularly great on the surface, in fact, it dealt a heavy blow to the plan that Wei Hongjun was painstakingly pursuing.

………………

Just as the young man surnamed Zhao withdrew his gaze from the distant scenery and turned around to call Wei Hongjun to tell him that he could "turn off the power"...

bang bang bang~
There was a rapid knock on the door.

Then the middle-aged man who had always disliked him pushed the door open.

However, the middle-aged man's face did not have the usual false polite smile, but rather a somewhat panicked expression.

"Manager Zhao, something happened!"

The middle-aged man looked grim. "According to the latest news, Song Wenxuan, the office director of Dahua Company, Du Chuanming, the director of the first department of East China Special Project of Dezhou Urban Property Fund Company, and Li Ming, the director of the second department, led a working group of more than 40 people and arrived in Danyang this afternoon."

The young man was stunned: "Danyang? What does this have to do with us?"

Although Dahua Company has always been the point that Wei Hongjun has instructed to focus on, Du Chuanming and Li Ming are now very important middle and senior managers of Dahua Company, and Song Wenxuan, the office director who holds multiple positions, is an even more important figure; their appearance in Danyang together is indeed a situation that needs attention, but he doesn't understand why Director Feng is so panicked.

The middle-aged man took a deep breath and said, "As soon as the working group arrived in Danyang, they immediately convened a press conference."

"As a representative speaker, Director Song Wenxuan publicly declared that this visit was to pave the way for the next stage of industrial adjustment and cross-regional integration in East China, especially in Jiangsu;"

"That is to say, Dahua Company has decided to respond to the country's call and graft their three trade routes of Central Asia, Northeast Asia, and Shandong-Shanghai to the central and southern Jiangsu regions with the 20 aid-built cities as the link points, in order to promote the recovery of local industries;"

"More importantly... Director Song also showed a partial list on the spot."

“Although this is only a part of it, the list contains 47 companies that we plan to invest in by converting assets into IOUs!”

At this point, the middle-aged man's voice began to tremble: "The most important thing is that Director Song also said on the spot that he would conduct inspections and background checks on more companies in central and southern Jiangsu. Once they are evaluated to meet the standards, they will be included in the industrial cooperation list. At that time, with the help of Dahua Company, after the company is reorganized, through the resource coordination of the Shandong-Henan-Hebei Industrial Manufacturing Cooperation Framework, and the promotion of the city-county-township-village four-level value chain system, these companies will be supported and their historical triangular debts will be resolved to the maximum extent!"

"What's even more damning is that Director Song Wenxuan also specifically mentioned the work of converting triangular debts, claiming that the IOUs generated by various units due to historical reasons should be considered as an important factor in the evaluation."

hiss~!

The young man gasped when he heard this.

This TMD is clearly directed at me!
He knew very well that the triangular debt problem had always been a difficult problem. Despite the countless resources and efforts made by the organization, the number of IOUs issued by enterprises had increased, and there was even a trend of weakening governance efforts.
On the one hand, due to some reasons that are unknown to outsiders, triangular debts cannot be cleared. The more you clear, the more debts you have, and the speed of filling the holes cannot keep up with the speed of poking them.

On the other hand, due to the ecological inertia and path dependence of state-owned enterprises, the clean water injected into them quickly turns into stagnant water, and then turns into piles of waste that cannot be sold and is placed in the warehouse, resulting in more triangular debts.

The fundamental reason for the collapse of triangular debts is the lack of liquidity of the goods. In short, they cannot be sold and consumers are unwilling to buy them... If the goods cannot be sold or are sold at a loss, how can the problem be solved?

Therefore, in dealing with the triangular debt problem, the country's simple means of loosening monetary policy to repay debts is more worth looking forward to than the intervention of large enterprises such as Dahua, which has extremely strong channel capabilities and system value reconstruction capabilities.

The value of a person's reputation, like the shadow of a tree, and goodwill, is fully demonstrated at this moment.

I guess if it were any other company, even a foreign giant, it probably wouldn't cause such a sensation.

But this is not the point.

The point is, as Dahua Company’s list was released, it was clearly pointed out that it was Suzhong and Sunan, and both investigations and background checks were carried out.

This clearly gives those companies endless expectations!
I have said that only a partial list was released today. The names of those 47 companies are clearly displayed there. They are all from the textile and machinery manufacturing industries. What do you think the rest of the companies in the same industry, especially the backbone companies, will think?
Next, is there a high probability that my name will appear on the list?
Once they appear on the list, given Dahua Company's resource coordination and debt repayment capabilities, does it mean that those IOUs were sold at a low price?
Also, since it specifically mentioned "cooperating with the work of debt restructuring of triangular debts" and also emphasized inspection and restructuring, then isn't your behavior of disposing of historical IOUs at a low price deducting points from yourself?
What if people think that your finances are in disarray and your management is seriously lacking, which will cause unpredictable risks and passivity in future restructuring work? What if you can clearly be included in the list of industrial cooperation and support, but are ultimately excluded?
Wouldn't that be a loss to grandma's family?

Therefore, once the news gets out, when these companies have hope and expectations, the first thing they will do is to buy back those IOUs, even if they have to pay a higher price... The proceeds from the sale of IOUs may not match the sales proceeds. Accountants can find ways to help you balance some accounts, and there are some things that people can turn a blind eye to, but money cannot be made out of nothing.

Once these companies start to buy back shares, will private securities firms still sell IOUs at low prices on the black market?
With the support of semi-rigid demand from customers, only a fool would do such a loss-making thing!

Although for various reasons, it is impossible for those companies to repurchase these IOUs at face value, and they don't even have the ability to guarantee a price of 6 cents, but even if they break even at the original transaction price, those private brokerages will suffer a loss, but it is still much better than selling them on the black market for a few cents, right?

In this way, his plan of double explosion in long and short positions would be completely in vain. The only way was to let Wei Hongjun turn off the power now.

But would Wei Hongjun dare to have someone turn off the power at this time?
If you pull it, although you can make a lot of money, you will offend more than 300 key enterprises in central and southern Jiangsu!

The relationship between state-owned enterprises is complicated, and under the chain reaction, it is hard to say whether even the old man of the Wei family will suffer;

As for Wei Hongjun, forget about staying in central and southern Jiangsu from now on!

Thinking of this, the young man broke out in sweat on his forehead. He didn't even bother to signal Director Feng to step aside. He picked up the phone and reported this sudden change to Wei Hongjun in Hainan.

………………

after an hour.

Wei Hongjun, who had been thinking for a long time with a gloomy face, let out a long breath, patted his face hard, and tried to show a relatively friendly smile before dialing Yang Mo's number.

"Hey, Mr. Yang, we had a pleasant cooperation before, aren't you being a little unfair now?"

Wei Hongjun sounded innocent, as if he was bragging to his old buddy: "I've already told you that I didn't do what happened to Minister Zhuo. Why don't you believe me?"

"Besides, I had someone do a preliminary investigation yesterday, and the people below also said that they had nothing to do with this matter... See, I didn't lie, did I?"

As he spoke, Wei Hongjun blinked his eyes as if Yang Mo was right in front of him, and even his smile became a little flattering: "Old Yang, since this is just a misunderstanding..."

"Look, why don't you ask Director Song and his team not to rush to release the list... Danyang has nice scenery, and it's spring now. Director Song and his team can have a good time for a few days first. There's no need to set off to inspect those units right away!"

As he spoke, Wei Hongjun patted his chest fiercely: "Just think of this as you giving me face, Old Yang. I, Wei Hongjun, and even the Wei family, will definitely remember this favor from you!"

As long as the names of the companies that he has chosen are not on the subsequent list, or even if the list is released a few days later, he will suffer some small losses, but the double explosion of long and short positions involving his subsequent plans can continue... Although the loss of 47 companies will have a greater impact, the impact will not be fatal.

And by bringing up the Wei family's name to record this favor, the weight of Wei Hongjun's words was quite heavy.

Unexpectedly, Yang Mo on the other end of the phone just smiled calmly and said, "You started the investigation so soon... That means Mr. Wei is not confident that your subordinates did it?"

"And... hehe, Mr. Wei has so many people under his command. I'm afraid a preliminary investigation won't reveal anything, right?"

As he spoke, Yang Mo took the enamel mug handed over by Wang Xin and took a sip of hot tea. After spitting out a tea stalk, a slightly cold smile appeared on his face: "Mr. Wei, I told you, I am a very lazy person."

"So, since you said you had nothing to do with Minister Zhuo, I'll take the trouble to prove it yourself!"

He glanced at the calendar on his desk. "Director Song and his team's schedule will not change. Today is April 4th... I hope that before Grain Rain, Mr. Wei can really prove his innocence."

"Otherwise... I can only express my regret!"

After saying that, he hung up the phone without even giving Wei Hongjun a chance to say another word.

Before Grain Rain?

Does that mean before April 4th?

It is already six o'clock in the afternoon, and once the 20th arrives, no one can guarantee whether Yang Mo will take action immediately.

All in all, I only have 4 days!

damn it!
This guy named Yang is really going too far!
Slamming the mobile phone in his hand onto the bed, Wei Hongjun panted for five minutes, then picked up the phone again: "Hello, Si Ze, put aside what you are doing for the time being, pack up your things, and come with me to Hong Kong."

An Sze, who was busy, was stunned: "Why go to Xiangjiang?"

Wei Hongjun's face was livid, and he said word by word, "The situation has reached a dead end now. Unless I ask the old man to come forward and make a scene regardless of the consequences, the option with the least risk is to go to that damn spy city and spend a lot of money to buy some intelligence..."

"Prove your innocence!"

(End of this chapter)