Shanghi Stock Exchange.

As soon as the market opened, the stock prices of several stocks began to fall.

Due to market rumors, these stocks have many bad deeds such as false packaging, fraudulent listing, misappropriation of funds, and guaranteed loans. They are under investigation by the China Securities Regulatory Commission and may be forced to delist at any time.

Therefore, it is best to sell it while it is still possible and seize the time to sell the stocks in your hands. Otherwise, once the listed company is forced to delist, the stocks in your hands will become waste paper. Under the influence of such rumors, there will naturally be panic selling of investors.

Moreover, because Xia Tian had submitted anonymous letters to the China Securities Regulatory Commission before the action, these companies were indeed investigated. So even some well-informed institutions believed it and sold their shares after receiving the news.

In the 1990s, due to reform and opening up, foreign capital and private enterprises rose one after another, competing with state-owned enterprises.

They may have more advanced technology, more scientific management, stronger funds, more flexible operations, cheaper costs, and more positive attitudes.

However, the state-owned enterprises have rigid systems, backward technology, lack of operation and high costs, so the attacks have retreated step by step and lost a large number of markets.

The products are not competitive and the market shrinks rapidly, making state-owned enterprises more difficult to operate, bankruptcy, closed doors, and sold off. Many remaining state-owned enterprises also need to rely on the support of the government, and bank loans can be encouraged to maintain.

In order to help state-owned enterprises solve their problems, a group of state-owned enterprises have indeed been allowed to falsely package and fraudulently go public to facilitate financing and the operation of state-owned enterprises.

In addition, the management of state-owned enterprises at that time was relatively chaotic, and major shareholders misappropriated funds from listed companies, asked listed companies to guarantee loans for themselves, and made false accounts to report profits. These phenomena were almost endless.

For example, the Yin Guangxia incident broke out in 2001. The company inflated its profits of RMB 770 million in three years from 2018 to 2018. The stocks listed in 2019 were hailed as "China's No. 1 blue-chip stock" due to its impressive performance and attractive prospects. They were eventually cut off and forced to delist in 2019.

For example, the Landian incident that broke out in 2002 was also another farce staged in the Chinese stock market. At that time, Landian Co., Ltd. was known as the "first agricultural stock in China". Since its listing in 201996, its market value has soared six times in just five years, and it is known as the "Landian Myth".

However, because Landian shares invest in the agricultural field, and agricultural investment is always slow to make a return, neither the breeding industry nor the planting industry can make a quick return. Therefore, in order to expand rapidly, Landian shares also fake accounts and inflated profits to deceive shareholders and facilitate the allocation of shares to increase capital.

In fact, Landian shares’ development relies entirely on bank loans. Not only does its own business not make money, but it also owes a lot of debts due to its massive expansion, which is almost a completely empty shell.

There is also Guangdong Hongye Co., Ltd.'s illegal guarantee of a loan of 700 million yuan and was forced to delist; Jiuzhou Co., Ltd. was embezzled by its major shareholder Jiuzhou Trading Company, with a wealthy abbot, and a wealthy shareholder, but the listed company was unable to develop...

These things were all scandals that broke out in the securities market in China. Because of the frequent occurrence of similar scandals, investors were also very sensitive. It would be better to withdraw them first when there was any trouble.

So the companies selected in Xiatian were obviously not a big problem, but because everyone was already scared, they would rather believe that they had it than they did not, and they all took it seriously. Therefore, the stocks of these listed companies were sold on a large scale and soon reached the limit down.

Even so, investors continue to sell, hoping that someone can take over.

...

"How is the stock selling?" Xia Tianwen said Zhai Xiaofeng, the host of the sniping acquisition.

Zhai Xiaofeng is a returnee student from Harvard University in the United States. In 1989, he returned to the mainland from the United States to work in the securities industry. He was the first generation of traders in the mainland. In 1992, he quit his job as a tycoon to join Tianxia Finance. Now he is the manager of Tianxia Financial Investment Department, with an annual salary of over one million.

"Jinfeng Wine Industry's stock has sold more than half, Honghai Real Estate's stock..." Zhai Xiaofeng reported for Xiatianhui.

"Well, the stock market has just opened for less than two hours now, and the selling speed is so fast. It seems that everyone is really scared. Very good! In my opinion, by the afternoon, the stocks of these listed companies will be sold out." Xia Tian smiled.

Jinfeng Industry, which he is now sniping, is a liquor company in Jiangxi. The Magu Fairy Wine produced is well-known far and wide and very distinctive.

Magu Xian Wine is brewed from glutinous rice, plus more than 20 Chinese herbal medicines, so it has the effects of strong aroma, delicious and sweet taste, warm and nourishing nature, relaxing muscles and revitalizing the heart, clearing the brain and refreshing the mind, curing diseases and prolonging life.

Xia Tian now has Shuangfeng brand liquor. In recent years, as advertising becomes bigger and bigger, it is firmly tied to domestic major events. For example, sponsoring the National Games, flood donations, sponsoring the return of Hong Kong, etc., Shuangfeng's brand positioning is getting higher and higher.

From a regional liquor, it has gradually developed into a well-known brand in China, and can even be compared with Moutai, Wuliangye, Jiannanchun and others.

In addition, in the field of health products, there are also various pills and supplements made based on traditional Chinese herbal medicines, as well as deep-sea fish oil, garlic essential oil, vitamin pills, etc. produced based on advanced Western extraction technology.

In the beverage field, tea drinks made from Chinese herbal medicines are launched in summer, and they also have the effects of clearing heat and detoxifying, moistening dryness and dying thirst. But there is no medicinal wine.

Now acquiring Jinfeng Wine Industry and taking down the brand Magu Xian Liquor is very helpful for expanding summer business.

Magu was originally a very well-known immortal. According to legend, she was a fairy from the Eastern Han Dynasty. She was young and beautiful, but she had seen the sea turn into mulberry fields three times, so she was regarded as a symbol of longevity.

It is rumored that Magu is good at brewing fairy wine, and he can live forever after drinking it. In ancient calligraphy and paintings that celebrate birthdays, there are often works on the theme of "Magu Offering Birthday".

Magu Fairy Wine is faked to Magu's name, so that consumers can easily cause the association of "Magu's birthday" when they see this brand. Then they think that drinking this wine can really cure diseases and prolong life, live a long life and be healthy, so they are naturally willing to buy it.

This is just like the biggest reason why people like to buy luxury goods is that luxury goods can be associated with royal families, nobles, wealthy families, etc. So after wearing these luxury goods, many consumers will also feel that they are royal families, nobles, and wealthy families.

After purchasing Magu Xian Wine in the summer, it just filled a gap in the group.
Chapter completed!