Rebirth in the 1980s

Next, Chen Huaiqing focused on the exchange's supervision of information disclosure by listed companies.

Chen Huaiqing's approach to listed companies has always been to be lenient and strict in management.

Make it easier for companies to go public and raise funds, allowing excellent companies to grow faster.

Of course, supervision will be quite strict.

There are too many smart people in China, and most of them are just a little smart.

People like this have a very prominent characteristic: they are self-righteous and deeply afraid of suffering losses.

I always like to take advantage of loopholes and take shortcuts to feel like I have a sense of accomplishment.

Doing so would cause serious harm to the entire system.

The Southwest Stock Exchange must strictly supervise, plug loopholes in the financial system, and ensure the healthy operation of the entire financial system.

"In terms of information disclosure by listed companies, although we have said that we will only focus on formal review in the future, it does not mean that we will not care about the authenticity of their information disclosure."

"We will work hard on supervision in the future and severely crack down on those who violate regulations and impose heavy penalties. We must let them have a red line in their hearts and know what they should not do."

A fine of hundreds of thousands or something will have no deterrent effect at all.

The Southwest Stock Exchange has never stipulated the amount of punishment, but has a formula to calculate it.

For example, if someone performs illegal operations, he or she will be punished according to a multiple of the income earned.

Rather than saying that someone made hundreds of millions and was fined hundreds of thousands.

Who cares about your fine?

As for the basis for the punishment of the Southwest Stock Exchange, it is the "Securities Management Regulations" passed by the National People's Congress in Yuzhou.

Although it is a local regulation, everyone who trades on the Southwest Stock Exchange will sign a document, which means they accept and agree to the jurisdiction of this regulation.

"Some people only fear power but do not have any morality. You cannot be polite to such people."

Those who work in finance have dirty hearts.

It is simply unrealistic to make these people have moral and benevolent hearts.

If the financial market is to develop, it must be allowed to develop healthily, and corruption must be resolutely removed.

Chen Huaiqing looked at the people in the conference room and said, "I hope everyone will do things according to the rules and don't limit themselves when the time comes."

Shang Yang, who practiced the theory of self-restraint, knew that the King of Qin wanted to kill him. Shang Yang wanted to flee the Qin State, but he was caught because there was no way to lead him, and was eventually sentenced to death.

And this system was formulated by Shang Yang himself in order to manage the leaders of Guizhou well.

In the formulation of securities management regulations, all the people in this conference room contributed their opinions and suggestions.

Of course, many of them also refer to some foreign management regulations.

But the punishment was doubled by Chen Huaiqing.

Chen Huaiqing is not a person who believes that he can persuade "bad people" to do good with good words.

If you do bad things, you should be punished.

Many people lowered their heads subconsciously. Why do they feel that what Chen Huaiqing said was talking about him?

Chen Huaiqing: "This year's year-end bonus is six months' salary. Over there with HR, please make a year-end bonus plan for me."

"Okay, Director Chen!"

Chen Huaiqing: "Now tell me, is there anything that is difficult for you to make a decision on?"

"Director Chen, it's about Yuzhou Iron and Steel."

Chen Huaiqing couldn't help but raise his eyebrows. Yuzhou Iron and Steel ranked second among the industrial enterprises in the entire Yuzhou.

The first one is naturally the Motta Group.

Mota Group is also the number one enterprise in Sichuan.

Chen Huaiqing: "What happened to Yuzhou Steel?"

"Yuzhou Iron and Steel carried out joint-stock reform in the first half of last year."

Chen Huaiqing couldn't help but be a little shocked. Yuzhou Iron and Steel actually carried out joint-stock reform?

Chen Huaiqing really didn't expect this.

Chen Huaiqing motioned to show him the information about Yuzhou Iron and Steel.

Since the name of Yuzhou Steel appeared at the exchange meeting, it is obvious that Yuzhou Steel is preparing to be listed on the Southwest Stock Exchange.

With the opening of outlets in major cities across the country by Mota Securities, the Southwest Stock Exchange's financing capabilities have been greatly improved.

Through the outlets of Mota Securities in various places, all funds from across the country are gathered into the Southwest Stock Exchange.

In society, ordinary people still consider households with a household worth 10,000 yuan to be a very rare group of people.

In fact, there are already many millionaires in China now.

But what do you say at this time?

Many people adhere to one thing, that is, wealth should not be revealed.

Some people would rather keep bundles of cash at home than deposit it in a bank.

reason?

It's something that's hard to say.

After all, some people's money is not so clean nowadays.

The emergence of the Southwest Stock Exchange has made many people see opportunities.

To open an account at Mota Securities, an ID card is required.

The first-generation ID cards were ridiculously poor in terms of anti-counterfeiting, to be honest.

Although Mota Securities requires an ID card to open an account, in fact, anyone can open an account just by showing their ID card.

Mota Securities has no way to verify the authenticity of the account holder's identity.

The main thing is to rely on securities accounts and passwords.

By the way, there is no securities account opening bank now. To open an account at Mota Securities, take cash directly to Mota Securities and deposit the funds into the securities account.

There is no way, the entire bank is not yet Internet-based.

Currently, there are no national-level regulations on securities trading in China.

Those who can make money at this time are undoubtedly those who are bold and have a strong ability to accept new things.

The emergence of the Southwest Stock Exchange has undoubtedly made many people see opportunities.

Chen Huaiqing didn't care that funds were about to move in the market.

It is not that easy to speculate on a stock.

If the Southwest Stock Exchange stipulates a lock-up period, it is only six months at most.

In other words, many companies listed on the Southwest Stock Exchange are already fully tradable shares.

As long as the stock price dares to rise, major shareholders will reduce their holdings.

Chen Huaiqing doesn't really want to control the movement of funds. He can't always say that people don't make money, right?

Just because of the money-making effect, it attracts continuous funds to come in.

"Yuzhou Iron and Steel is preparing to issue 10 million shares and raise 500 million yuan."

500 million in financing...

This is definitely a huge financing project.

Five hundred million!

Last year's national fiscal revenue was more than 200 billion.

The fiscal revenue of more than 200 billion seems to be a lot, but there are also many places to spend it!

There simply isn't enough money.

Chen Huaiqing: "It's too little. Ask Yuzhou Iron and Steel if they can get one billion?"

As the largest steel enterprise in Southwest China, Yuzhou Iron and Steel plays an extremely important role in the industrial development of Southwest China.

Chen Huaiqing has always been eyeing Yuzhou Iron and Steel.
Chapter completed!