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Chapter 306 Endorsement of Favor

Since August 6, for 10 consecutive days, the three-party funds have to purchase 1 million shares of Shenzhen Development every day, accurately consuming 13.8 million yuan of funds. (You can read the novel)

The reason why the accurate 13.8 million yuan is that the stock price has basically not changed. The main players of the market and a large number of retail investors took advantage of the market support to leave the market. This is the first time that the Chinese government rescued the market, and it was secretly announced. Only a few dozen people know the details. The investors are in a stage of losing confidence, and only a few people look forward to the future.

By August 16, the opening price was still 13.80 cents, which was almost commonplace.

This scenario can only be seen in new markets and new exchanges. Perhaps one day, a certain country in Africa will reproduce the scene of today's Shenzhen Stock Exchange, but for Manager Tong and others, any historicity is not as good as reality.

Spending 13.8 million yuan a day is no different from losing 13.8 million yuan a day by gambling.

Although in terms of rationality, everyone believes that the rescue will eventually succeed, emotionally, no one knows when it will succeed.

Is it a success to rise by 10% in the stock price? Is it a success to rise by 20% in the stock price? If the 0.5% rise and fall market is cancelled, can the current balance of power be maintained?

Various anxiety has made the atmosphere in the exchange increasingly tense.

On August 20, after two weeks and consuming one-third of the funds, the stock price still remains unchanged.

Longsheng's accountant Ning Lidong calculated the accounts for the third time and found that Longsheng had consumed 30 million yuan, and finally broke out. He shouted in a crying voice: "Mr. Wang, we are all going to jail, we are all going to jail."

If 80 million yuan is invested in, it will be useless, or if the market support is not successful, there will be no problem with the adjustment fund and Dahua Group. Longsheng must be investigated. At that time, Accountant Wang, who only has stocks and no cash on the books, may really go to jail.

If we really get to that point, the stamp duty of tens of thousands of yuan alone will be enough for them to drink a pot of several hundred yuan. [】

Su Cheng looked at Accountant Ning with gray hair and didn't know how to comfort him. He didn't know how long it took to save the market to succeed, and he didn't remember the time in history.

Maybe tomorrow. Maybe next week, maybe next month, maybe another month... the stock market is trying to show confidence, but who knows how long it will take for investors to recover? If there is no large number of retail investors and institutions entering the market, just relying on the three rescue funds, even if the money is spent, the stock market will only rise by 10%. It is still much worse than the stock price of 19 yuan, the highest in Shenzhen Development.

Su Cheng thought that by that time, he would have to increase his investment. However, 200 million yuan in cash is easy to raise, and if there is more, it will affect the Haicang plan.

For the municipal government and the exchange, increasing investment is also a difficult problem. Seeing that Accountant Na Ning looked sad, Manager Tong felt unbearable. He grabbed his hand and said, "We still have two-thirds of the funds. It is really not enough. You can still borrow from the People's Bank of China. Don't worry."

"I know, I know." Ning Lidong said this, but his expression did not change much.

Strictly speaking, he just had too much pressure and couldn't stand it. He knew the matter itself.

This is like a college entrance examination student. Everyone will receive comfort such as "Study hard and just use your own level". However, when faced with the pressure of one exam to determine your lifelong life, who can be indifferent?

Manager Tong shook his head, found an assistant and asked him to send Accountant Ning back to rest. The air in the room was too solid.

Accountant Ning went away reluctantly. Before leaving, he also instructed Mr. Wang: "You must be optimistic about the stock price. If it can rise today..."

Wang, a strong veteran cadre, smiled and said, "You, you are wrapped in broken cotton wool, looking poor. What's the use of money falling on the account? Exchanged to stocks to add value to the whole people. Could it be exchanged for silver and buried underground?"

Everyone was smiling.

Accountant Ning was dejected and said, "It's good to exchange it for silver."

President Guan laughed out loud and said, "It's worthy of being an accountant. (You can read the novel) It's convenient to exchange money for silver. You can weigh in and out with scales, which will save you a lot of trouble in the accounts."

Manager Tong smiled and looked at him, but said, "Governor Guan, why hasn't the 100 million yuan loan you promised yet? Seeing that the money is about to be spent, if it is cut off in the middle, these funds will be wasted."

The President Guan looked embarrassed and said, "The superiors have approved it, but the main body of their request for the loan is the provincial bank, and the provincial bank is unwilling to do so, so he dragged it down."

Su Cheng interrupted: "If you do it, you should do it. What does it matter?"

President Guan scratched his head and said, "The loan was allocated by the head office at the request of Mr. Zhou. It is normal for the provincial bank to be unwilling to bear it. The interest rate of this money is very low, so you have to risk losing money. The provincial bank is not a mess. Don't worry, the head office and the provincial bank are fighting. After they discuss it clearly, the money will be in place."

"These people never forget this set. How long will it take?"

"It will take at least half a month."

"Half a month? Half a month, our money will be vacuumed." Mayor Nong calculated the big accounts and was anxious all of a sudden.

"It's definitely too late." President Guan said, haha. He was not very active in rescuing the market, but only supported the rescue because of the situation. Similarly, even if the head office's money has arrived, even if his responsibilities have been achieved, he would not be willing to do it to promote the provincial bank to bear the loan.

Banks will not take risks because of how low the risks are.

Su Cheng changed his mind and said, "Governor Guan, since the funds have arrived, how about lending it to Dahua Industrial?"

President Guan was stunned and smiled and said, "Dr. Su, there is no problem with you wanting to have a loan, but you still need a mortgage..."

Manager Tong quickly stopped him and shouted: "Dr. Su, you can't do this. If the adjustment funds collapse, your 200 million yuan will be trapped."

"You misunderstood." Su Cheng said silently: "I am going to use the money from the loan to support the market. Aren't the provincial bank worried about the risks? It's relatively low to lend it to Dahua Industrial."

"No matter how much the stock price is, it will eventually be returned by Dahua Industrial."

"Yes. In addition, the loan you promised to Dahua last time was only half, and the rest must be given to me." Su Cheng raised cash as much as possible to avoid future troubles. The petrochemical base is a gold-swallowing monster.

The President of the Bank was overjoyed, which solved a big problem and immediately said: "No problem. The loan of 150 million yuan can only be used on the Shenzhen Stock Exchange to buy Shenzhen Development Stock."

Su Cheng smiled strangely.

You can't help laughing. At the end of August 1991, when the stock market was about to recover, someone borrowed money to beg you to buy Shenzhen Development's stocks. For Sucheng, it was already full of laughter.

"You are so nice." Su Cheng held President Guan's hand and thanked him.

President Guan was shocked and responded repeatedly: "This is what we should do."

Manager Tong also widened his eyes and thanked Su Cheng.

Mr. Wang couldn't see it anymore, so he stood up and stopped Su Cheng and said, "Aren't you bullying people? Mr. Su, it's not me that we are all here to support the market and think that the stock market can rise, but as you said, what if it doesn't rise? This is an additional 100 million yuan, not a small amount, you have to think it through."

Su Cheng didn't expect that Mr. Wang would speak for him. He couldn't help but pat Mr. Wang on the shoulder and said, "I am optimistic about Shenzhen Development's stocks. If I invest 100 million more, it is equivalent to buying millions of stocks. Is it possible to make more money in the future, right?"

He is talking about Shenzhen Development's stocks rather than Shenzhen Development. The more he knows about this bank, the lower his interest level. For Dahua Industrial today, purchasing non-listed companies is better than listed companies. Dahua's profits are extremely considerable and the cash flow is abundant. The later it is introduced, the more profits Sucheng will make. In addition, the annual financial report disclosed is also a big trouble. Although there are various inside information in the Chinese stock market, if companies like Dahua Industrial use tricks of false accounts, they will be exposed one day. When facing the scene, it will inevitably lead to a series of right and wrong.

Mr. Wang didn't believe Su Cheng's words and grabbed his arm and said, "If you want to buy Shenzhen Development's stocks, it's not too late to buy them when the market is successful. Among so many people, who can better understand the information of whom? I'm afraid I can't buy it."

This is not bad. Su Cheng can only explain: "For such a large amount, I will buy it when the market is successful. I guess I won't buy enough quantity."

Mr. Wang did not have this awareness and thought about it, "I don't know much about these new things. In short, I thank you on behalf of everyone."

"You are kind."

Mr. Wang waved his hand and said, "I am different from them. Not only do I say thank you, I will give you a gift. I heard that Dahua is looking for academicians to evaluate? I happened to know a few."

"How many?" Su Cheng thought to himself, can the academician still be mass-produced?

Mr. Wang thought he was really asking the numbers, so he estimated it and said, "Six or seven or eight, maybe there are more than a dozen, and there are still some old scholars, who may be retired now."

"How could there be so many?"

"I like playing chess. When I exercise, I will find someone to play chess every time I get rid of it. You don't know that these reactionary academic authorities are all pretty good, especially in the last few years, those who can't play chess can practice. At that time, there was no entertainment. Apart from criticism and labor, they just play chess..." Mr. Wang looked very missed.

Su Cheng was happy: "You are so helpful. Can I ask them to introduce academicians from the Department of Petrochemical?"

"You can use it as you like. I am old and maybe I will be forced to retire this time. If you can take these relationships, it would be the best. I will come up with the whole list and you think it is reliable, so I will write a letter for you."

In China's human relationship society, human relationships not only represent relationships, but also the meaning of identification and endorsement. Mr. Wang's letters are equivalent to endorsement and asset transfer.

Manager Tong, President Guan and others are also much more relaxed, which is a relaxing way to assist in favors.

… (Welcome to your support, it is my greatest motivation.) rv

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