Chapter 301 Bank Shares
Mr. Zhou’s secretary Wan Quan was deeply impressed by Su Cheng. [*You] Anyone who watched others earn hundreds of millions of dollars under his nose would definitely be impressed by this person.
He looked at Su Cheng's note, thought for a moment, "Wait a minute."
As the saying goes, Wan Quan, a seventh-rank official in front of the prime minister, is one of the secretary, but he is a real department-level cadre, two ranks higher than the seventh-rank official. He has enough power and ability to judge the value of Sucheng and the value of notes.
Wanquan gently pushed open the door of the small conference room.
Mr. Zhou was sitting in front of the door, holding his cheek with his hands as usual and supporting the armrest of the sofa with his elbow. His eyes were bright, making people feel that he seemed to listen very seriously.
However, no matter how fierce the discussions were made by the banks present, the Shenzhen Stock Exchange, officials from the Shenzhen Municipal Government and relevant departments of the State Council were, Mr. Zhou never spoke. He just observed, kept observing, and continued to observe until a conclusion he recognized appeared.
Wan Quan handed the note to Mr. Zhou and stood aside waiting for instructions.
Others stopped talking, too.
Mr. Zhou thought for a minute or two and asked Wan Quan: "Do you think it's feasible?"
"It's very operational, and the talent of Director Su in the financial market is amazing." Wan Quan said good things to Su Cheng, but the saying "talent" was not invented by him, but was said by Mr. Zhou that day. Su Cheng used a profit of $1 billion to determine his financial talent. If anyone has any objection, he must first break the superstition of $1 billion.
Everyone below knew Su Cheng, and heard that he wrote the note. He couldn't help but lower his head and think about his own. They were either in the financial system or in the financial system. How could they not understand the big winners of China in the Gulf War? The banks in 1991 were still poor, especially lacking foreign exchange, and even the bank president could not approve $1 billion. Only the national leaders could approve such a large amount of money.
After careful consideration, Mr. Zhou said, "Then let him come in and talk."
Wan Quan went out. Mr. Zhou looked up and said, "You probably know Sucheng of Dahua Industrial Group. He has a question about exchanges' rescue and mechanism reform."
Su Cheng thought through the meeting that the banking department was discussing the rescue of the market and encountered problems. It was easy for the people inside to think that Su Cheng was waiting for Mr. Zhou to receive him. This understanding made them unable to say anything against him.
After a while, Su Cheng walked into the conference room.
There was no time for greetings. Mr. Zhou smiled and said, "Su Cheng is here, sit down and tell me your opinions."
Su Cheng sat down, but said, "Can I see the conclusion of the previous discussion?"
"Give him the meeting minutes." Mr. Zhou said this. Wan Quan got the unfinished meeting minutes from his assistant and handed them over to Su Cheng.
The Governor Guan from the People's Bank of China lit a cigarette silently. (You can read the novel.) Then there were Manager Tong from the Shenzhen Stock Exchange and Mayor Nong from the Shenzhen Stock Exchange. The atmosphere in the conference room was quite depressing, and they were like a group of lions watching the tigers invading their territory.
They were observing the tiger's status and tricks. If the tiger behaved normally, the lions would pounce on it and swallow the tiger with its leather and bones.
Su Cheng had to ask to read the results of the previous discussion. He did not know much about the financial market to the point of talking. Although the few people in front of him were as soft as bread, they actually understood the little things about the financial market, especially the Chinese financial market.
Su Cheng just wanted to find a breakthrough instead of provoking a general academic debate.
For this reason, he could only bear the pressure of silence.
Five minutes of silence can almost drive people crazy.
However, Su Cheng looked at the meeting minutes and couldn't help laughing. The Shenzhen Stock Exchange proposed a rescue plan to "issued new shares". After 20 years, it was a solid negative news. The People's Bank of China demanded "encouraging dividends" and "cracking insider trading", and the Shenzhen Municipal Government recommended "employee shareholding". All of them were based on the policy of decision-making, but it was still unclear.
Even if Sucheng doesn't understand the stock market, he knows that China's current environment cannot implement these policies at all. The "crackdown on insider trading" alone is not a problem that can be solved by a simple document.
The bank officials in front of them should be the clearest whether the policy can be implemented and whether it has any effect. Instead, they can't argue.
A smile spilled from Su Cheng's mouth.
This was good news for him. In fact, before entering the conference room, Su Cheng guessed that it was under special circumstances that Mr. Zhou would extend the meeting.
If you want to impress someone like Mr. Zhou, no matter how many plans there are, there is no real fact. No matter why the bank officials proposed such a plan, they did leave a loophole for Su Cheng.
Su Cheng quickly spoke, saying: "From my point of view, the suggestions put forward by banks, exchanges and municipal governments have no value for implementation. They confuse the rescue of the market and reform the exchange system. If the rescue of the market is to be rescued, the implementation plan should be short-term stimulating, and the focus is to boost market confidence. If the exchange system is to be reformed, it should be gradual, so as not to affect the stock market and market confidence."
He thought for a long time before he came to such a conclusion. Su Chengman thought he would gain everyone's attention.
However, no one showed a surprised expression.
Manager Tong from the Shenzhen Stock Exchange said first: "Rescue the market itself is the job of our exchange. Reforming the stock market and eliminating this situation is the goal of the meeting. Therefore, Mr. Su's view is a bit too Westernized."
Su Cheng was stunned and said, "Isn't the stock exchange just a Westernized thing?"
"What we want to establish is a capital trading market in a socialist country, which is different. [*you]" Manager Tong said it very seriously, very serious.
Others nodded frequently. Their attitude was also very serious. It was 1991, and the problem of being surnamed capital and society has not been resolved yet. There are endless criticisms of stock exchanges as capitalist symbols. If it is proved that stock exchanges are unique to capitalism, then banning them is the only result.
When Su Cheng realized this, President Guan spoke again and said: "Our stock market should grow together with the country's economy. Residents provide funds to companies, and companies use these funds to create wealth, and then distribute dividends to residents to form a good interaction. Our reform goal is to reduce the risks of the stock market. This downward trend will cause great harm to society and the country's economy. So I want to say, right, we not only need to save the market, but also reform the exchange system."
He was completely tit-for-tat. This is naturally not a personal grudge. It is a very important collision of thoughts.
For Su Cheng, who received general education since childhood, his thinking model is essentially different from President Guan.
Su Cheng thought for a while before finally understanding it. He asked in surprise: "Governor Guan, what do you mean is that the stock market will only rise but not fall?"
"It can fall, but it cannot fall continuously, nor can it fall sharply. Similarly, we do not agree with big rises. Residents pay dividends from the country's economic growth through the stock market, which is the socialist stock market..." President Guan said with a nose and eyes.
Su Cheng's eyes were straight, the stock market that only rose but did not fall? It was so ideal that it was jealous.
But Governor Guan is a deputy ministerial-level cadre, so he is definitely not a sarcastic person. Looking at the other people around him, no one finds it strange... From this we can see that there are many people who think like him, or who understand his ideas.
What a wonderful time.
If he hadn't known the virtues of the Chinese stock market in later generations, Su Cheng might have admired their ideals. Now, what he has left is sympathy.
The full ideals and the reality of the backbone are useless even for ministerial cadres. What cannot be solved is still unsolvable. Perhaps, the Chinese stock market in later generations is indeed a distinctive capital trading market. However, it is probably completely different from the tone of the founders and developers.
Su Cheng is not prepared to discuss ideals with them. In the discussion of ideals and reality, what you win is always ideals. In the implementation of ideals and reality, what you win is always reality.
After Su Cheng and other presidents of the management said, they said directly: "I have a method that does not involve the reform of the stock trading market, but it can solve the current market downturn. We will raise a leading stock."
Mayor Agriculture, the Shenzhen Municipal Government, became interested and asked: "How to raise the price?"
President Guan coughed heavily and interrupted: "No."
Su Cheng said silently: "I haven't said it yet."
"The government cannot directly interfere with the stock market. I understand without saying it, but what you are talking about is a typical manipulation of the stock market. This is wrong." Another idealistic statement, but President Guan said it is very correct. Sucheng's so-called pulling up leading stocks means that the government manipulates the stock market and achieves the goal of pulling the market by buying leading stocks.
This is very common in later stock markets. Not only China is used, but foreign governments actually interfere. Especially the European and American governments that came to power in 2000 were often accused by their own media of being socialists. In this process, there were changes in economic thinking and influences from Chinese factors.
People have the urge to copy and learn about successful experiences, which cannot be stopped by simple ideology. When China's economy takes off, European and American countries that are in an economic crisis naturally have the urge to learn about China's economic experience.
In 1991, in a world where the planned economy of the Soviet Union had collapsed, Chinese intellectuals had the urge to learn from economic experiences in European and American countries.
Specifically in the stock market, "never interfere with the stock market" seems to have become the golden rule of early reformers.
They do want to create a pure and beautiful stock market.
Su Cheng showed an apologetic smile to President Guan and said, "Your methods are not feasible. Rescuing the market means government intervention. On the one hand, you do not want to interfere in the stock market, and on the other hand, you want the stock market to only rise but not fall, and it is slowly rising? How is that possible?"
President Guan sighed and said slowly: "It's up to people."
Even his allies believed this sentence.
Old Zhou also understood and laughed out loud, "Xiao Su, you pierced the window paper."
The strategy of pulling up leading stocks is not unexpected by other companies, but they are unwilling to do it. Sucheng has no hope for the beauty and purity of the Chinese stock market, and he quipped with no guilt at all: "As long as the governor does not restrict my loan, the window paper will be broken."
"Which leading stock will be raised?" Mr. Zhou asked, indicating that he belonged to Sucheng's plan.
President Guan was anxious and ignored etiquette and shouted: "Mr. Zhou, you can't set this precedent! The government's interference in the stock market is full of troubles."
Mr. Zhou asked: "What will happen to the stock market if the government does not intervene?"
President Guan said with a tough bullet: "Maybe there are some bad fluctuations, but it can always survive."
Mr. Zhou waved his hand and said, "Everyone has a lot of opinions on the stock market. If there is a bad fluctuation, the stock market will be closed."
He turned his eyes to Siucheng.
Su Cheng smiled apologized to President Guan, saying: "If it is the Shenzhen Stock Exchange, I will give priority to Shenzhen Development Bank and Shenzhen Development Bank. Buy a little of its stock every day. In about two months, the market will come alive."
“How much does it cost?”
"I guess this may be enough for billions. Shenzhen Development is not big now."
President Guan snorted and said, "Shenzhen Development may not have billions. If you really want to boost the stock market, I think 500 million yuan is enough."
Su Cheng smiled embarrassedly. He had never been exposed to the Chinese stock market and could not understand the scale of the stock market in 1991.
Manager Tong coughed gently and said to Mr. Zhou: "The Shenzhen Stock Exchange can only take out 100 million yuan at most, and throwing it all out is not enough."
Mr. Zhou turned his attention to others.
Mayor Nong hurriedly said: "The municipal government only has 100 million yuan at most, but if it is taken out, the salary of cadres will be very bad next month. If the bank can help with loans, it will be easier."
President Guan said reluctantly: "I have to go back and report it, but it is estimated that a loan of 100 million yuan is OK."
The three families each paid 100 million, as if they had agreed. Even Mr. Zhou could not force them to pay more.
They did not point to Mr. Zhou’s promotion and wealth. This meeting was also a purely business meeting, which was a matter of disputes among departments and policy formulation.
It’s different in Sucheng. Where can I have a better way to express my determination?
He said without hesitation: "Dahua Industrial is willing to invest 200 million yuan to buy Shenzhen Development's stock."
President Guan was stunned for a moment and said, "The stock market risks will not be compensated for the rise and fall."
He was afraid that Su Cheng would make trouble if he lost money. This kind of thing was not new to the powerful and noble children.
Su Cheng also smiled and said, "I won't cause trouble for you if I lose money."
Mr. Zhou was also a little happy and said, "This is very good. Dahua Industrial is social capital. In the future, if we have more social capital, the stock market will naturally prosper."
President Guan simply said: "Then let Mr. Su's Dahua Industry first promote Shenzhen Development. If 200 million yuan is successful, the government will also avoid the problem of manipulating the stock market."
"Dahua Industrial takes action first. If the stock price rises, the number of stocks you can buy with your funds will be less."
"It doesn't matter."
"Okay." Su Cheng agreed immediately and said, "I need documents from the superior authorities to avoid becoming a private manipulation of the stock price."
Manager Tong did not give Su Cheng a chance to renege and hurriedly said, "We will issue the documents today."
Both sides feel that they have taken a big advantage. Including the Shenzhen Stock Exchange itself, they do not think that the Chinese stock market will have a surge. They plan to increase the stock price by 5% to 10% every year, just like China's economic growth data.
But Su Cheng still has an unreal feeling: this is a bank stock!
… (Welcome to your support, my greatest motivation.)
Chapter completed!