1988: Back to the human world for a few years

Chapter 654 Drawing Thunder
There is an interesting question on the Internet in later generations.

If investors lose everything in the stock market, are they worthy of sympathy?

The more accepted answer is this:

We need to analyze each case specifically. If buying stocks is a normal investment method to avoid wealth depreciation and hedge against inflation, then if you lose money, you naturally deserve sympathy, and you are barely qualified to join everyone in cursing those unscrupulous black-hearted bookmakers.

But if you buy stocks to get rich, then even if you lose so much that you jump off the balcony, you don't deserve sympathy at all... No gambler deserves sympathy.

Unfortunately, in the 1990s, especially in the early 1990s, Chinese stock investors bought stocks with the dream of getting rich overnight. Those who knew nothing about finance and the stock market were even willing to bet all their fortunes on them, betting with green eyes on a chance to turn their fortunes around.

The screenwriter of "Big Times" once expressed his contempt for this type of stockholders through the mouth of Chen Wanxian:

"Do you think you can wake up those stock investors by just peeing a few times?"

"I'm telling you, I've got you!"

"It's not just because I'm rich and powerful, but what's most harmful to you is that you sympathize with those speculators."

"Those people are crazy, and you actually sympathize with them!"

"Have you seen that all those who bought stocks became rich?"

"It's only those few who get rich. This proves that the opinions of the majority are not necessarily correct!"

………………

Shenzhen Stock Exchange, a big investor room that was just established based on the experience of the Shanghai Stock Exchange.

Song Wenxuan crossed his legs elegantly and looked at the networked computer in the room with interest.

On May 5, the Securities Department of the Shenzhen Branch of the People's Insurance Company of China and the Shenzhen Special Economic Zone Securities Company reached an official computer connection with the exchange, pioneering a matching system from the counter directly to the exchange through multiple terminals for inputting customer buy and sell orders... It can be said that in terms of hardware application, the Shenzhen Stock Exchange is ahead of the Shanghai Stock Exchange.

But what is very strange is that in this VIP room whose layout and configuration are very similar to those of the Hong Kong Stock Exchange, although sofas, computers, telephones and tea are all available, there are no traders or technical analysts. Only the bulky computer screens refresh the boring K-line charts in real time.

"Tsk tsk, in just ten minutes, the share price of Huafa Electronics has risen by 2 cents, and Shenzhen Petrochemical has also risen by nearly 6 cent...Xiao Song, you guys are making money really fast in this business!"

Shen Xing withdrew his gaze from the K-line chart and sighed with some emotion.

Song Wenxuan smiled and said, "We are just getting started. After all, the size of Shenzhen Petrochemical is too large. Without enough market makers entering the market, we will have to wait at least another month to push the stock price to a suitable position."

Shenzhen Petrochemical, also known as SZ Petrochemical (Group) Co., Ltd., is a stock that was listed on the Shenzhen Stock Exchange on the 6th of this month, that is, May 5th.
This is a stock with very special significance.

Prior to this, the stocks represented by the "old five stocks" of the Shenzhen Stock Exchange all corresponded to local small and medium-sized enterprises, which were purely test-water works.

As soon as you hear the three words "Shenzhen Petrochemical", you know what kind of unit it is... Although this unit, which mainly engages in chemical fiber and plastic processing, does not occupy a large size in the oil system, it is still a large state-owned enterprise.

In fact, Shenzhen Petrochemical has lived up to its title of a large state-owned enterprise. Once it went public, it issued a total of nearly 1.39 million shares, including 1.239 million A shares and 1500 million B shares.

It can be said that the listing of a unit of Shenzhen Petrochemical's size means that "risky listing" is a thing of the past, and Hua Xia has officially opened the wave of large-scale corporate listings (however, Shenzhen Petrochemical was delisted on September 2004, 9, on the grounds that the company failed to successfully restructure, which is very important).

“Can the stock price be pushed up in just over a month?”

Shen Xing shook his head with emotion: "It seems that by the end of the year, your Dahua Company will be able to make 200 to 300 million just from this stock, right?"

"This is just the A shares. Even if the B shares may be a little less, it won't be much less."

"Tsk tsk, no wonder so many companies are not interested in production now... The stock market makes money too quickly!"

Since it is an enterprise in the oil system, Dahua Company naturally has a way to obtain a large number of stocks at the beginning of the issuance.

In fact, Dahua Company used the China-Japan Economic Promotion Association as a platform and promised to subscribe for 700 million B shares, which successfully impressed the ministry and the head office. Then, by "exchanging" 5 million yen plus a foreign exchange quota of 1000 million US dollars, it successfully obtained 11.5 lots of Shenzhen Petrochemical's shares, or 1150 million shares, making it the "first retail investor" of Shenzhen Petrochemical.

Ok?
Are you asking whether these stocks are not issued and circulated by the financial system? Since Dahua Company is not in the same group with them, how could it be possible to obtain so many shares just by the mediation of the department and the head office?

amount……

Let me put it this way. In the early 1990s, in solving the financing problems of state-owned enterprises, there was a most common organizational approach: "loan reform" + "debt-to-equity swap";
The so-called "appropriation-to-loan" means transferring the previous national fiscal appropriation into enterprise loans;
"Debt-to-equity swap" means converting the loan debts of these enterprises into state-owned shares.

After completing these two steps, the state-owned enterprise will be transformed into a joint-stock company and can be listed on the stock market for financing.

So do you understand? Now you know how Dahua Company got the 11.5 A shares of Shenzhen Petrochemical by bypassing the financial system, right?

Of course, the 7 B shares still have to be fully subscribed by Dahua Company through the member companies of the China-Japan Economic Promotion Association.

In fact, if Shenzhen Petrochemical had not issued B shares at the same time and the country was currently in great shortage of foreign exchange, even if Dahua Company was so powerful, it would not have been so easy to exchange for 11.5 A shares.

………………

Hearing Shen Xing's envious and emotional expression, Song Wenxuan smiled and shook his head: "How can there be so much? The A shares of Shenzhen Petrochemical can only earn 8000 million to 1000 million at best... As for the B shares, due to the requirements of the organization, they cannot be sold within a year, and can only receive dividends. It would be great if we can get million by then!"

Shen Xing was very surprised: "Why is it just this little... Impossible?"

Song Wenxuan sighed: "Nothing is impossible."

"Our boss has ordered that all A shares must be sold before the beginning of August... Even if the market of Shenzhen Petrochemical is bullish, it will take only two months from the listing to the sale. How much money can we earn?"

Shen Xing took a deep breath and said, "We have to sell out before the beginning of August? That means we have to start closing our positions by the end of July at the latest? What is Yang Mo crazy about?"

Song Wenxuan smiled bitterly and shook his head: "How would I know? This boss's actions are always unpredictable... In fact, he asked me to start looking for a buyer in mid-July."

Mid-July?

In other words... when the Shenzhen Petrochemical stock market dragon has become established?
Shen Xing felt a little toothache, and then realized something: "What does Yang Mo want to exchange these A shares for... Who is the next buyer he wants to find?"

Since these A shares are debt-to-equity swaps, they can naturally be circulated to other people or units through some "share restructuring" or "share swap" methods. Given the industry characteristics of Shenzhen Petrochemical, these A shares that can be circulated in the secondary market are much more valuable than ordinary companies in this era when supply is still less than demand.

Hearing Shen Xing ask this, Song Wenxuan pointed to the ground and sighed: "This is why I asked Uncle Shen to fly over in his busy schedule."

Shenzhen!?
Shen Xing was stunned: "Xiao Song, what do you mean...?"

Song Wenxuan nodded: "The boss has taken a fancy to the new shares that will be listed in August and wants to purchase a large number of subscription certificates, but he does not want to have any intersection with the financial system."

"I know that Uncle Shen has many comrades here who can speak to him... Given our boss's current relationship with some people in the financial system, it is obviously not realistic to directly acquire and exchange such a large number of new share subscription certificates, so I can only trouble Uncle Shen to be the middleman."

At this point, Song Wenxuan smiled and looked at Shen Xing: "Although logically, these subscription certificates should all be circulated in the financial system, but in fact, everyone knows that things are not always like this... I believe that in other systems in Shenzhen, there must be quite a lot of subscription certificates that can be circulated!"

The four words "can be circulated" reveal all the mysteries involved.

Shen Xing frowned: "Subscription certificates for new shares? Why would Yang Mo be interested in those things?"

There were seven new stocks listed on the Shenzhen Stock Exchange in August, namely Shenzhen Chiwan, Shenzhen Tiandi, Shenzhen Teli, Shenzhen China Merchants, Fiyta, Shenzhen Energy, and Shenzhen Yili.

Students who are familiar with these stocks should be able to see that in the early 90s, in terms of actual comprehensive value, none of these seven stocks, except Shenzhen Energy, could compare with Shenzhen Petrochemical.

Even for Shenzhen Energy, considering the "loss" in the operation process, exchanging it for Shenzhen Petrochemical's shares would be a losing deal, not to mention other stocks.

Song Wenxuan rubbed his temples: "How should I know this? The longer I stay with this boss, the more I find that I can't see through him... Anyway, since he has given the order, I will just do it."

Shen Xing looked with some sympathy at this young man who might soon become his nephew's son-in-law.

Regardless of his background, knowledge, or resume, Song Wenxuan can definitely be regarded as one of the top young talents in the country. No matter which company he is placed in, he will be regarded as a key figure and can even influence the company's decision-making.

But he had the evil Yang Mo above his head, overshadowing this bright pearl.

There was no way. No matter how outstanding Song Wenxuan's abilities were, he was no match for Yang Mo. In terms of his vision and the value of his achievements, he was not even on the same level as Yang Mo.
It just so happens that what Song Wenxuan understands, Yang Mo also understands, and even understands some aspects better; but what Yang Mo understands, Song Wenxuan may not understand. So working under such a boss, for someone like Song Wenxuan, the psychological pressure is obvious.

In fact, he understood very well the sense of powerlessness displayed by Song Wenxuan. Facing such a boss who crushed him in all aspects, even if he could not guess the other party's intentions, since he had been ordered, he could only do it obediently. He did not even have the courage to get to the bottom of it, lest he be looked down upon by others... For a proud person like Song Wenxuan, being looked down upon was even more painful than killing him.

But it was obvious that he, who was in the military system, always believed that it was better to raise a son like a wolf than a sheep. Therefore, even though he could understand Song Wenxuan's feeling of powerlessness, he still didn't want his future nephew-in-law to lose his spirit. He pondered for a while before speaking, "Xiao Song, Yang Mo would never do a business that really loses money, but now he instructs you to exchange all of Shenzhen Petrochemical's A shares for the subscription certificates of those new shares when the stock price just started to rise... Do you think he wants to take advantage of Shenzhen's special characteristics to make a fuss?"

Song Wenxuan was stunned: "Using the uniqueness of Shenzhen to make a fuss?"

After all, Shen Xing is an old fox who has been in the underworld for many years. It is easy for him to follow some clues and unravel the mystery: "Look, the Shanghai Stock Exchange was listed earlier, with more stocks and a larger financing scale. Yang Mo can get more help in Shanghai through Wang Yinuo, but he didn't send you to Shanghai, but asked you to come to Shenzhen in person... This matter itself is a bit strange."

"To put it bluntly, although they are both in the oil industry, since he was able to pay so much to get these A shares of Shenzhen Petrochemical, then at the same price, he can also get a similar amount of stocks, or even more, through the connections of Wang Yinuo and his people... So, it is not difficult to see that his purpose in asking you to come here is not just to make a fortune from the stock market;"

"And choosing the Shenzhen stock market as the entry point instead of the Shanghai stock market must have some special considerations."

"So, let's think carefully about what the differences are between Shanghai and Shenzhen, or the Shanghai and Shenzhen stock markets?"

What is the difference between Shanghai and Shenzhen?
Song Wenxuan racked his brains and pondered for a moment: "From the perspective of economic size, Shanghai is now far ahead of Shenzhen, and the scale of its financial market is far beyond Shenzhen's reach."

"If there is any difference, the biggest difference is probably that SZ is a special economic zone, while Shanghai is not a special economic zone..."

Before he finished speaking, Song Wenxuan suddenly had an idea: "Yes, although Shanghai's economy and financial market are larger, because it is not a special economic zone and for historical reasons, the financial market there is crazy but still relatively orderly... At least, the basic operating framework and rules can still be maintained."

"But the standards here in Shenzhen..."

He was only halfway through his words when he screamed, "Yuanye Company case! Yang Mo is making a fuss about the problems exposed in the financial market in Shenzhen in the Yuanye Company case!"

As one of the “old five stocks” of the Shenzhen Stock Exchange, Yuanye Company is well-known for the stock price manipulation incident that broke out this year, and its major shareholder Peng Jiandong is a well-known figure in the development history of Hua Xia Securities.

I won’t go into the details of the process, but that’s just how the current Chinese stock market is.

What is really interesting is that from the end of 1991 when the management of Yuanye Company began to feel something was wrong and launched an investigation, to the financial crisis in April until now, seeing that Yuanye Company was about to become the first stock in the history of Hua Xia Securities to be suspended, Peng Jiandong was able to engage in a war of words with the authorities in the Hong Kong media, and was never transferred for investigation.

What’s even more interesting is that Peng Jiandong was not convicted until September 1995, and was ultimately sentenced to 9 years’ imprisonment plus deportation… However, on the day the verdict came down, it was said that Peng Jiandong, dressed in casual clothes, was leisurely watering flowers in a $16 million villa on the outskirts of Sydney.

We are all members of the system. Although it is only 92 now, even if Song Wenxuan does not have the ability to predict the future, judging from the developments of Yuanye Company from its collapse last month to the present nearly two months, it is enough to predict the direction of this matter.

and so……

Song Wenxuan quickly worked his brain and stood up with a flush of excitement on his face. "Yes, the reason why Yang Mo asked me to exchange the subscription certificates of those new shares at all costs is to make these stocks explode... No, to be precise, to make the explosion bigger!"

This time he guessed right.

What happened in the Shenzhen Stock Exchange on August 1992, 8, I am afraid that anyone who knows something about the stock market knows it. Even if you don’t pay special attention to it, it has been written thousands of times in other rebirth novels, so I will not repeat it here.

However, nearly half of the new share subscription certificates failed to circulate in the market, which eventually caused riots. It was certainly a huge thunderbolt; but it was obvious that Yang Mo wanted this thunderbolt to explode even bigger... Since someone was going to attack him, then according to the original historical trajectory, it would not be in line with his vengeful style to just investigate and punish dozens of small fish at the department level.

When Song Wenxuan thought about the possible consequences of not even one in ten new share subscription certificates in circulation on the market being replaced with 11.5 Shenzhen Petrochemical A shares, the hairs on his back stood up: "No, I have to call Yang Mo... This is courting death!"

Before he could touch the phone, his hand was held down by Shen Xing.

"Xiao Song, you need to be calm when doing things. You can't be so impetuous!"

Shen Xing shook his head, his face full of the advice of an elder.

Song Wenxuan almost jumped up: "Uncle Shen, it's already this hour, and you're still talking about calmness... Do you know that if something serious happens, Yang Mo will certainly not be able to escape, and I, the person who executed the plan, will also be the first unlucky guy to be used as a sacrifice!"

Shen Xing shook his head again: "No, you are wrong. If this matter really gets out of hand, I can't say what will happen to Yang Mo, but you will definitely benefit a lot!"

Song Wenxuan was stunned: "How is this possible?"

Shen Xing sighed: "Nothing is impossible."

Shen Xing pushed his future nephew-in-law back onto the sofa and took out a white cigarette and handed it to him: "Xiao Song, let me ask you first, what is the purpose of the country's opening up of the stock market?"

Song Wenxuan took the cigarette with doubt: "Of course, it is to provide financial support to state-owned enterprises, especially those backbone state-owned enterprises."

Shen Xing nodded: "Then let me ask you, is your Dahua Company a state-owned enterprise?"

Song Wenxuan figured it out a little bit and nodded immediately: "Of course it is a state-owned enterprise, or even a central enterprise."

Shen Xing laughed: "Very good, you hit the first point. The more money the central enterprises make, the less financial pressure on the organization will be... So, is there a problem with your Dahua Company making money in the stock market?"

Song Wenxuan suddenly felt enlightened: "But..."

Shen Xing interrupted him: "No buts... Second question, if the stock price plummets, do you think those shareholders deserve pity?"

Song Wenxuan shook his head without hesitation: "There's nothing to be pitied. China's stock market has been open for two years. If you go around Shanghai and Shenzhen, you will know that these stock investors are all mindless gamblers, and most of them are even from all walks of life... In fact, where do ordinary people get so much money now, and where do they get the courage to bet all their wealth on stocks?"

Shen Xing nodded again: "Indeed, the stock market is too crazy nowadays. Everyone wants to get rich overnight. Everyone has become a gambler with red eyes. This is not good, very bad, and it is especially bad for social atmosphere!"

"So, if someone pours a bucket of cold water on these gamblers' heads at this time, do you think the organization will be happy to see it?"

Song Wenxuan thought about it, then nodded hesitantly: "I think so... After all, the global stock market crash of 87 has only been a few years ago. The chaos and changes in the atmosphere in Hong Kong are actually very vigilant to the organization. Besides, as Uncle Shen said, few people who bet their entire fortune on stocks these days are truly worthy of sympathy."

Shen Xing laughed: "It's best if you can understand this, so the third key order... Do you feel that among the listed companies in both the Shenzhen and Shanghai stock markets, the proportion of large state-owned enterprises is too small?"

Song Wenxuan was stunned: "But there is nothing we can do about it. When the stock market was first opened, large state-owned enterprises did not dare to take risks, so they could only let small and medium-sized enterprises in the two places test the waters. Moreover, most large state-owned enterprises are not registered in Shanghai and Shenzhen. According to the current rules, the approval for listing is also a big hassle..."

Shen Xing interrupted him: "But the situation is different now. Major state-owned enterprises, especially those large backbone state-owned enterprises, are in urgent need of blood transfusion. If the stock markets in Shanghai and Shenzhen continue to operate as before, it will be inconsistent with the original intention of organizing the opening of the stock market!"

Having said that, Song Wenxuan knew what Shen Xing meant by that, and he almost jumped up again: "Uncle Shen, you, you, you mean... the organization intends to withdraw the listing quota?"

Shen Xing glanced at him with dissatisfaction and corrected him: "It's not about taking it back, it's about asking the two places to voluntarily hand over the listing quota rights... Understand?"

Song Wenxuan swallowed with some difficulty.

No matter how stupid he was, he now understood why Shen Xing said that if Dahua Company detonated the bomb, it would not only not be unlucky, but would be a "blessing in disguise".

Oh my goodness~
It can also alleviate the financial pressure on the organization from the side, and give the organization a legitimate reason to rectify the stock market and even withdraw listing indicators.

You have both face and money, and you are using the method of "borrowing someone's force to fight him". Who the hell would blame you? They really want to hold you in their arms and kiss you a few times!
The key is……

The boss in our family is so cruel!

The people over there have just started to steal your people, and here you start to use the thunder of the nine heavens to blast them hard and seriously injure them.

If you really provoke him, you won’t even know how you died!

Witnessing Yang Mo's methods once again, Song Wenxuan's face turned pale unconsciously, and he turned to look at Shen Xing: "So, Uncle Shen, since you guessed what our boss is going to do... then are you still going to help me with this?"

If Yang Mo's method really succeeded, for him, he would kill one thousand enemies and lose eight hundred of his own, which could barely be considered a small profit;

Then for Shen Xing, who was invited to act as a middleman, it would definitely be a case of killing one thousand enemies and losing eighteen thousand of his own, which is the kind of loss that cannot be made any further.

Therefore, Song Wenxuan was very worried that Shen Xing would back down. Without the help of Shen Xing's comrades-in-arms, it would be very difficult for him to complete the task assigned by Yang Mo.

Upon hearing this, Shen Xing laughed miserably: "Help, how dare I not help... Even if it's not because of your relationship with Luo Luo, I have to help you."

As he spoke, the face of this well-dressed middle-aged man was full of bitterness: "Not to mention how much we rely on your boss now, even if we didn't... with your boss's personality, if he holds a grudge against me, I'm afraid I'll be killed without a complete body!"

As he spoke, Wei Ran sighed and stared blankly at the candlestick chart on the computer that was used to fool retail investors and small bankers. He didn't even seem to notice that the cigarette was about to burn his fingers...

(End of this chapter)