reborn in the fiery age

Page 532

But he hoarded land, did he develop productivity?Or solve the employment problem?Not everything.To put it bluntly, this kind of statement is to use capital advantages to buy high-quality assets in our country at a low price, which is the same as the ancient bully landlords selling land in barren years.

Such practices are absolutely intolerable and must be restricted and even combated.Now the multinational company Coca-Cola has acquired seven Chinese cola factories. The reason why the whole country is dissatisfied is because we all know that Huaguo's excellent assets have been plundered.

But you and I both know that the United States paid a lot of money to do this, but what did Li Bancheng pay?Just relying on a face like ours, saying a few nice words, and donating a few cents?

I don't hope that one day in the future, Li Bancheng will plunder hundreds of millions of assets from our country, transfer them out triumphantly, and then say a few witty words later, mocking us as fools all over the court, we can't afford to lose that person!

I not only told you these words today, but I also said the same in front of President Min Tie.The real estate industry can drive more than 40 industries, and sooner or later our country will start large-scale real estate construction.

Before that, we must formulate the relevant rules. Whether it is explicit rules or unspoken rules, people like Li Bancheng must not let people like Li Bancheng take advantage of loopholes! "

After Sun Zujie finished speaking, Mr. Zheng was silent for a while, and then solemnly said, "Comrade Sun Zujie, you taught me a lesson today, and I will definitely remember your teaching firmly!"

Sun Zujie put down the phone. He knew that what he said today was equivalent to tearing his face. These people in Libancheng must be moths. Sun Zujie decided to teach him well and let him figure out his position.

After thinking for a while, he picked up the phone again, called a few comrades working on Hong Kong Island, gave some instructions, and then thought carefully before picking up the work briefing on the table.

One of the most famous things during this period was the centuries-old Barings Bank, which went bankrupt because of a futures trader's mess.

The fact that the top banks in capitalist countries are so fragile has surprised the whole world, and the stock markets of various countries even expressed their worries by plummeting.

And the messy things in Hua country are also endless.Just last year, a local bank in Zhili muddle-headedly issued a letter of credit worth 100 billion U.S. dollars, which shows the degree of chaos in Huaguo Bank's management.

Today's briefing says something else, and it's just as bad.The classic 327 national debt incident in Huaguo's financial history finally broke out, but this time the time of occurrence has changed, but the basic facts have not changed.

Sun Zujie seemed that none of the parties involved this time was a good bird, and they should all be cleaned up, so he looked at these gamblers coldly, watched them build tall buildings, and watched them entertain guests.

Tomorrow's regular meeting of the financial group will definitely discuss this issue. Sun Zujie has already asked for leave, so he is not going to get involved.For these messy things, if he is allowed to deal with them, a lot of heads will probably be lost, which is definitely not possible in the current situation.Since you can't do it, then don't get involved, so as not to worry.

After thinking for a while, he called Lao Liang and asked whether Huatou Securities was involved. Lao Liang said with a smile, "Mr. Sun, our positions in Huatou Trust were closed at the end of last year, and we did not participate this time." !"

Sun Zujie nodded, "Treasury bond futures seem very immature, I think the center will cancel them. As for domestic commodity futures, in addition to hedging, futures speculation, short-buying and short-selling, such things should not be done in the future.

If we want to do it, we can do it abroad, and don't bother at home.By the way, even if we do it abroad, we have to be careful. Fortunately, we didn't participate in the Wajing 225 gambling this time, otherwise no one can tell how much we will lose! "

Old Liang also nodded with emotion, "Yes, Mr. Sun, this time the comrades in front, after hearing about the fate of Barings Bank, many people are feeling lucky that they didn't do it, otherwise they would be in great trouble!"

"Hehe, I'm also lucky. This time, the lesson of Barings Bank must be kept in mind. Our family background is far inferior to Barings Bank. If something happens, the investment department of Huatou may disappear. We must be cautious!"

Lao Liang quickly agreed, and Sun Zujie thought for a while and asked, "How is the Mexican business?"

"During this period of time, the international market has plummeted irrationally, and it seems that it is almost the same, so our short positions in Mexico have been liquidated on a large scale. This time the income is very good. We made a rough estimate the day before yesterday, and it was [-] million U.S. dollars. The income is the minimum!"

"Well, not bad! After closing the position, first pay the bonus, and then give the comrades in the front a long vacation, let them have a good rest. After the rest, let them start to study the economic and political situation in Southeast Asia. This battle is about It’s important, we must be ready, fully prepared!”

"Okay, what about the profits?"

"This money is put in our mining companies to increase investment in our domestic scarce minerals. The most important thing is the penetration of Australian iron ore and Chilean copper mines. Either buy ore, or buy stocks of listed mining companies. There is not much time left for us to start large-scale domestic infrastructure construction!"

Although Lao Liang is not very clear about Sun Zujie’s concerns, he knows that since the mid-80s, Huatou has been continuously increasing its reserves of mineral resources, especially iron ore reserves. business needs.

Although the return of Huatou Trading's overseas mineral investment is not high, Huatou doesn't care much about profit and loss at all.Over the past few years, the state has handed over more and more foreign exchange funds to Huatou, and Sun Zujie put most of them in the mineral reserves. Some minerals are expensive to purchase, and he bought them accordingly. This has also aroused considerable criticism.

It's just that no one dares to point out Sun Zujie's work, just like the huge loss of Oupai LCD, if this incident happened in other units, it might have turned upside down long ago.But in the face of Huatou, everyone habitually shut up, let's wait and see.

So Lao Liang didn't say anything to Sun Zujie's arrangement, just implement it honestly.At this moment, the red phone on Sun Zujie's desk rang, he picked it up, it was Mr. Tie's phone.

"Comrade Zu Jie, why are you asking for leave at the regular meeting of the Finance and Economics Group tomorrow?"

Sun Zujie thought for a while, and then told the truth, "Mr. Tie, we will definitely discuss the 327 national debt incident tomorrow. I have different views on the current mainstream views on this matter, but I also know that my views will not be accepted. In this case, Then I'd better ask for leave."

Mr. Tie's voice was serious, "I knew that was the reason why you asked for leave, tell me what you think!"

"Currently, people are shouting at Wanguo Securities, especially the economist from the Ministry of Finance. But China Economic Development Corporation is a subsidiary company of the Ministry of Finance. I'm sure what they are doing is insider trading. It can be said that no one is clean in this matter.

If I deal with this kind of dog biting dog's hair, I will wash it from top to bottom, and kill this messy atmosphere.

My opinion is that this time, no matter whether it is a winner or a loser, they will be checked, and as long as there is any violation of law and discipline, they will be arrested.If you have money and don't engage in business, you must speculate and mess around, which shows that it is not a good thing, and it is a disaster to keep it! "

After listening to Mr. Tie, he paused, "Your approach is too simple and rude!"

Sun Zujie didn't say anything, so he knew he couldn't get the support of Mr. Tie. Now everyone can't wait to hide this matter, so how could they find out.But at this moment, Mr. Tie said, "But your method is the most effective. If so, then kill a group of people to make an example!"

Sun Zujie was stunned, and Mr. Tie continued at this moment, "You must attend tomorrow's meeting, the matter is much more serious than you imagined!"

Chapter 723

Mr. Tie was right, the severity of this incident was beyond imagination.The first is the Ministry of Finance. When the inflation rate has dropped to less than 3%, the discount rate of national debt has suddenly increased from 94% in 8 to 13%, a full 5 points!

For this huge interest discount, the Ministry of Finance has spent about 16 billion more on the premise that inflation has been suppressed.This is equivalent to paying 1.2 yuan more per person. For 1995 million farmers in 8, it was equivalent to their food for one and a half days!

It is certain that this time the Ministry of Finance violated laws and regulations and abused power for the benefit of its subordinate units. This is not even a matter of the Ministry of Finance alone. No one knows how many gods are involved.

Followed by regulators, the Shanghai Stock Exchange. The Treasury Bond Futures Trading Measures promulgated in 1993 clearly stipulates that sellers are allowed to short sell under the margin system, but there is no limit for short selling.As long as the seller redeems all the products before the due date, it is presupposed that it is not a violation, let alone illegal.

According to statistics afterwards, Wanguo Securities placed 1056 million sell orders in the last eight minutes.According to the regulations of the Shanghai Stock Exchange, one lot of treasury bond futures trading is a treasury bond with a face value of 1 yuan. What does the 2 million empty orders mean?

意味着2100亿的总市值，意味着1994年华国GDP的3%左右！当时327国债总共才240亿，这样的天量可谓空前绝后。

If the delivery is based on the closing price, the bulls represented by CEDC, which uses insider information as its investment philosophy, will turn the tables, and the shorts represented by Wanguo, which uses market technical analysis as its investment philosophy, will turn the tables. profit and loss.

But that night, the Shanghai Exchange was ordered to announce that all selling orders within 8 minutes before the closing of the day were invalid!The closing price of the day was set at 151.30 yuan.

The Shanghai Stock Exchange judged that Wanguo Securities had violated the regulations, and the direct reason for canceling the sell order was insufficient margin.The margin for Wanguo's huge sale order was actually calculated to be 52.8 billion yuan.

Financial institutions like Wanguo have assets of 12 billion yuan.Coupled with trust investment, there is no problem with the funds that can be controlled at several billion yuan.

But Sun Zujie can be sure that with so much money, it is impossible for them to have it in their accounts. Of course, the same problem also happened on the side of China Economic Development Corporation. They also have no money and can only close their positions.

At this time, the two sides began to compete in the background, and the result was of course that CEEC won. The decision of the Shanghai Stock Exchange turned the board that had been turned over by Wanguo Securities into reverse again: Wanguo Securities lost 16 billion Chinese yuan and was on the verge of bankruptcy.

If delivery is due at the closing price set by Wanguo with a sharp axe, Wanguo will make a profit of 42 billion yuan; if the position is closed at 151.30 yuan, Wanguo will lose 16 billion yuan.Many people have switched back and forth during the day between the nouveau riche with tens of millions of net worth and the pauper with high debts.

It is also because of this that foreign media called this day the darkest day in the history of Huaguo Securities. It can be said that both the winner and loser violated the rules, and even seriously violated the law.

Therefore, the biggest loser in this matter is actually the Shanghai Stock Exchange. As a rule-making institution, such a big mistake has occurred, and the underpants of Huaguo's financial system have been completely stripped out.

Of course, this is not over yet, the real trouble is another company, that is Liao Guofa, they play bigger.In the 327 incident, Liao Guofa first made a short sale with Wan Guo, and at the last moment Liao Guofa got close to the battle and turned against him. Suddenly there were many somersaults, so he became famous.

But here comes the problem. If they want to sit in the bank, Liao Guofa doesn't have that much money, so they have to find ways to borrow money.At that time, the Zhongzhou Securities Exchange Center was the largest fund lending market, and many individuals and institutions illegally borrowed funds in the name of treasury bond repurchases.

However, some financial institutions and securities companies have lent funds freely when they see the return interest of 15.00% or more than [-]% per annum.

However, no matter how messy it is, one must be a licensed financial institution or securities institution to enter the Zhongzhou Securities Exchange Center, and Liao Guofa does not yet meet this requirement.

So Liao Guofa thought of renting seats. They borrowed the seats of a provincial securities company, and then used the name of this company to lend everywhere. In this way, if they made money, Liao Guofa made a fortune; Taking the blame has nothing to do with them.

This is not the most important thing. Liao Guofa also recruited a large number of salesmen to defraud the trust of financial institutions, took a batch of so-called storage notices from the Zhongzhou Securities Exchange Center sub-warehouse, filled in a huge amount of treasury bonds, and distributed them to various places securities companies and securities registration companies to do repurchase financing.