Chapter 533: The stock market luàn image

However, in front of Yang Xing, Wang Yunqi's achievements are not enough. Things are easy to change. Now he faces Yang Xing, but he does not have the superiority he had when Yang Xingchu came to Shanghai to find him to cooperate with him. However, after long-term cooperation, Wang Yunqi can also change his mindset in time and follow Yang Xing wholeheartedly. This time, Yang Xing invited him to participate in the actions of the US stock market. It would be a scam if he was not moved, but he also had difficulties, so he told Yang Xing directly to listen to his opinions.

"Do you want Yuntao and Yunqi Culture to go public?" Yang Xing laughed after hearing Wang Yunqi's thoughts, "It's really a hero who sees the same thing. I gave Mr. Rong the same trick. It seems that you are also enlightened by Brother Wang. This is indeed a good opportunity to break out of the barriers of family businesses and go to a broader stage. Are you just worried that there will be delays in listing? I have an idea. During this period, the domestic stock market is full of colors, but it is a good time to win in the domestic stock market. Although I haven't touched the water in the domestic stock market for a long time, I can still help you with tips and get you listed as soon as possible."

Yang Xing took out a prospectus and said: "The last time I invested in the iron ore in Australia with Mr. Rong, he was frowning because I doubled the investment amount at once. I gave him advice. It's not that we have no money, but the money is in the pockets of his fellow Zhejiang merchants. It depends on how he finds a way to take them out."

Yang Xing said humorously, and Wang Yunqi also remembered this. He felt relieved and knew that Yang Xing had indeed found a clear road for him. He was also a veteran of the business world for many years. Yang Xingqi understood most of the time, so he smiled and said, "I understand, no wonder the old man released something when he went back. He found a large iron ore and coal mine in Australia. He wanted to build a large port in Sandu Ao in Haixi, build a steel plant, a shipyard, etc. He also invited many shopping mall friends in Wenzhou to visit Australia and Haixi Province. He also made a noise to let his subordinate Changsheng Bank expand its shares and tinker with the listing of the other two companies. I guess it was your idea?"

Yang Xing nodded and said, "I have said that the financial industry in the world is a big thing that you want to do but have no money. It is said that China is poor outside, but as far as I know, the number and assets of the rich in coastal provinces are not less than those of the rich in Hong Kong. Even the mainland, those mine owners and big real estate developers have a lot of money. I heard that most of the hundreds of sports cars launched by Ferrari in Asia every year have entered the mainland market. Instead of letting those guys get rich and slipping into the car and tease the American NV and not doing their jobs, it is better to let them take out money to gather sand and build a tower to do the business. As long as Mr. Rong can fully utilize their private capital advantages in Wenzhou, it is okay to invest twice the amount in Australia and Sanduao."

Wang Yunqi felt aware, "So you asked me to go public as soon as possible to make this idea?" Yang Xing pointed to the prospectus and said, "This is a sample document prepared by China Chang Group to list. You can take a look at it and refer to it first. I violate the rules and I will never take it out for your sake. After all, Xingfu Investment is a stock underwriter of China Chang Group, and this thing must not be rumored. Your two companies are close in quality and are both family businesses. But now the company has developed to a certain scale and wants to be regularized, and you will have to pass the listing level sooner or later. You are lucky. There are two big fish in the stock market waiting for you to make a fuss?"

Yang Xing took out two more copies of information, which were marked with the words "pt Shanghai Narcissus" and "st Hainan Haihong". Others don't know much about the domestic stock market and don't care much about it, but Wang Yunqi and Fang Le, who was called to consult and in charge of mainland investment business, frowned at the sight.

Fang Le has come out of the yin shadow in the past, and is now developing a smooth relationship with an NV executive at the group headquarters. It is said that he has reached the point of talking about marriage. With the guidance of Yang Xing and his uncle Fang Kai, he can now stand alone and not long ago he also served as the general manager of Xingfu Investment Group in the mainland.

After years of Yang Xing's acquisitions, Xingfu Investment has gained a lot from Yang Xing's series of acquisitions. It is now the well-deserved core of the group. Recently, it has launched a series of major moves. First, it opened its subsidiary Xingya Bank, which has not long been renamed, to the United States, marking that Xingya Bank is not only based in China, Hong Kong and Japan, but also spans Southeast Asia, and its business has also expanded to Europe and the United States. It is already a well-deserved multinational bank. The insurance company under the group's name is listed and its investment business is constantly conquering the city. The acquisition of Japan Yamaichi Securities was regarded by its peers as a shrimp swallowing an elephant. Now, even Asian major banks such as Hong Kong HSBC and Japan Fuji have to express their respect to Xingya Bank.

Yang Xing has been interested in moving Xingfu's business overseas in recent years, but after all, there are still a large number of shares of two domestic financial institutions, Shenzhen Development Bank and Ping An Insurance Company. Shenzhen Development Bank has become a domestic branch of Xingya Bank, and Ping An Insurance has been renamed Xing'an Insurance. The main business is still in China. Both of them are index components of the Shenzhen stock market. With this relationship, Xingfu Investment Group cannot be completely out of the matter.

Although the domestic stock market is jumping up and down, seriously deviating from the domestic economic development trend, it claims to have no bull and bear market, only a policy "monkey market". However, as the fastest and most capable channel for completing large-scale financing in China, its role cannot be ignored. Xingfu Investment's most important investment focus is abroad, but it has gradually launched securities investment, company listing, fund issuance and other businesses in China, assisting investment and helping other companies go public.

After Fang Le served as the supervisor of Xingfu Investment (China) last year, his performance was remarkable. Although he was young, he was mature and did not cause trouble in the stock market. However, he chose to make steady progress. Through the China Securities Regulatory Commission, he established a new securities company and several funds, all of which were owned by Hong Kong equity brands. With Xingfu's reputation overseas and people's mentality of "foreign monks are good at chanting scriptures", he achieved a good start.

Originally, Yang Xing was not willing to do enough for the domestic stock market in recent years, but with the influence of his story of making the first pot of gold for entrepreneurship in the stock market and futures market, many new employees of Xingfu are full of confidence in the future.

In my eyes, the bull market that has been going on from May 19, 1999 to the present is undoubtedly an opportunity for them to show their strength. As before, the beginning of this bull market is due to policy reasons. One of the biggest differences between the Chinese stock market and foreign stock markets is that foreign countries are marked by the New York stock market in the United States. Anyone who claims to be a world-class company must be a world-class company. Being able to list on the New York Stock Exchange in the United States means that the level of a company has reached the level of the best in the peers.

But the Chinese stock market was different. When the stock market opened, all the state-owned companies were state-owned companies. Later, the scale expanded, and the corresponding quotas were assigned to each province. Most of the provinces reported were still state-owned enterprises. The three-year goal of state-owned enterprises proposed by Cheng Canghai Zheng to solve the difficulties of state-owned enterprises after he came to power was to put the hope of solving the losses of state-owned enterprises on the stock market. However, the Chinese stock market had not yet improved the delisting mechanism, which led to many long-term loss-making enterprises being unable to delist. They could only adopt the evil cycle of restructuring, raising money and reconciling the difficulties.

In the first half of 1999, the state promulgated the Securities Law, which has pushed the bear market, which has lasted from 1997 to the present, and the stock index remained at around 1,000 points in 1993. In order to break the deadlock and help state-owned enterprises in the stock market, the management has successively introduced eight policies, including reducing taxes and allowing commercial banks to lend to securities companies.

At the same time, in order to encourage the stock market, some stock analysts cooperated with the concept of the Internet economy that was in full swing abroad at that time and released the news that they wanted to copy the Internet economy myth in the domestic stock market. Under the stimulation of multiple factors, the stock market finally regained its vitality, breaking through the 1,500-point mark that had not moved for six years and moving towards 2,000 points.

But in the bull market in recent years, the various imperfections in the Chinese stock market have led to a large number of ugly phenomena such as violations, fabricating performance, fraud, rat trading, and behind-the-scenes. News such as Kangsai stock fraud and comprehensive fund losses have made many investors doubt the so-called companies with good performance in the stock market. In this case, the phenomenon of speculation and loss-making junk stocks unique to the Chinese stock market has appeared, and "pt Shanghai Narcissus" and "st Hainan Haihong" are undoubtedly the two most eye-catching junk stocks in the stock market this year.

Due to the lack of a delisting mechanism in the Chinese stock market, many junk stocks are still alive. The management is well aware of the harm of this. In 1997, it was proposed to establish a delisting mechanism, but after repeated weighing, it only proposed to take suspended execution measures of "special treatment (st)" and "special transfer (pt)" for loss-making companies. Once you wear the "pt" hat, it theoretically means you will be delisted, and "Shanghai Narcissus" is the first company to wear this hat.

Shanghai Narcissus was originally a Shanghai washing machine factory. The "Narcissus brand" washing machine produced by it was also sold well at home and abroad, but it has been defeated in market competition since 1997 and has suffered losses for many years. Now the loss has reached nearly 200 million yuan. It has suffered losses for four consecutive years, and there is no hope of turning losses. It is said that the China Securities Regulatory Commission has listed it as the one that kills and warns the monkeys when the delisting mechanism is used to scare the monkey.

Compared with the tragic fate of Shanghai Narcissus, Hainan Haihong is undoubtedly another extreme. This company has been making losses since 1995. Small companies that mainly engage in chemical fiber clothing business were originally thought to be terminally ill. However, after a phoenix-like rectification, it not only did not collapse, but also expanded its business to investment, asset management, information technology, medical and other aspects. Its main business "Military Port Lun" products became designated clothing fabric vendors in the military, and achieved a profit of nearly 100 million yuan in 1999.

This change in the sparrow turning into a phoenix is ​​undoubtedly the favorite news in the stock market. At this time, it was reported that Haihong Company will be able to take off the hat of st next year, and Haihong stocks have undoubtedly become an excellent theme for stock market speculation this year.

In January 2000, Haihong's stock rose sharply until March 2, during which it hit the daily limit 16 times, from less than 19 yuan to 83 yuan, and 33 jiāoyi rose by 343 in the day. Such a result is no less than the "Pearl of Oriental" purchased by Yang Xingchu when he entered the stock market.
Chapter completed!