In July, the sun shines on the ground one after another. The hot air waves blow up the branches and leaves that have lost their moisture, encouraging the sand and gravel to move forward again.

The executives of the Dahua Department, like hard-working bees, shuttled through various schools and research institutes regardless of the heat of the weather, in order to convince certain academicians of trust in the committee members and make a certain assessment of Dahua Petrochemical Company.

In order to enhance the persuasion, officials from Fujian, Shandong, Shanghai and other places were also mobilized with the promise of further investment in Sucheng. Officials from ministries and commissions such as CNPC were also mobilized.

People are in control of the world, and the same is true for academicians. Some people need funds to continue scientific research projects, some people need experiments in large factories, and some people need cooperation from certain research institutions. For academicians themselves, the power of local governments and ministries seems small, and they have unusual effects at critical moments.

The public relations department of Dahua Group has been circling the capital all year round. As long as you put in a little energy, you can find the critical moment for the academicians. Next, Su Cheng comes out and brings people or tools with g-popping points, and never tires of poking them.

The whole process is very boring, and you must be prepared for Sinopec at any time during this period. Most of the academicians in the petrochemical department are from Sinopec. Although this will not affect their professional judgment, if Dahua does nothing, it will easily lead to uncontrollable consequences.

Throughout July, it was simply a ecstasy. Even so, Dahua just persuaded two academicians to come forward to preside over the assessment, and three other academicians were willing to come forward.

In this way, at most, it would only give the 5 State Councilor votes a total of 20% to 30%. Su Cheng could only continue to work hard and then wait for Mr. Zhou's response. If he wanted to do anything, he had to wait until the end of the game.

Also dying of ecstasy are officials from the Shenzhen Stock Exchange.

The fanaticism during the over-the-counter trading period has long dissipated, but the sequelae are becoming increasingly apparent. By August 1991, the Shenzhen Stock Exchange had fallen for 10 months. Not to mention that investors were in shock, the Shenzhen Stock Exchange itself was almost unable to hold on.

If a time traveler bought the Shanghai Stock Exchange stocks at the end of 1990, he would get flowers and praise. If he had a hot mind and bought the Shenzhen Stock Exchange stocks, he would get endless contempt and a terrible decline - not only to watch the stocks fall, but also to be unable to sell them even if he wanted to. There was no buying at all.

The exchange is like a dead animal, bleeding and bleeding constantly, and only occasionally twitching, not even meaningless struggle.

On August 4, the Shenzhen Stock Exchange's stock index fell from 100 points to 45 points, and the market value of the entire stock market shrank from 5 billion to 3.5 billion, which is simply terrible. If we correspond to the stock index, from 100 points to 45 points, it is equivalent to 6,000 points to 2,700 points, which is something that investors who have suffered for 30 years cannot bear. (This chapter is uploaded by friends) It is not something that investors in 1991 can understand. Especially many investors are forced to buy stocks, and they can't even cut their losses, so there is no need to say the pain.

At this time, even the idealistic president can't hold on. But the "regulation fund" of the Shenzhen Stock Exchange is difficult to get out of the cage.

The 200 million yuan promised by Sucheng is only part of the adjustment funds. The 300 million yuan of funds from the Shenzhen Municipal Government, Shenzhen Stock Exchange, and the People's Bank of China also need to implement them one by one.

This implementation took more than a month.

But the stock market has no intention of waiting for them.

Every day, the stock market welcomes the market with a limit down. The Shenzhen Stock Exchange's limit down down has been limited to 0.5%. That's it. After a month of decline, it will have a drop of more than 20%.

And there is no intention to stop at all.

The adjustment funds used to support the market were difficult to implement, and Mayor Nong could no longer wait. He hurried to Beijing. He didn't have time to rest, so he hurried to the hotel to find Sucheng and persuaded him to enter the market first.

From the wet Shenzhen to the dry Beijing, Mayor Nong's lips were chapped, but he had no intention of drinking water and kept saying: "I know that if the adjustment fund is not in place, letting Dahua's funds enter the market will cause additional losses. To be honest, I have no way to compensate. I only ask Director Su to extend a helping hand in view of so many investors, so many investors who are in support of the country's construction and responding to the government's call to enter the market..."

The Shenzhen Stock Exchange is like the Shanghai Stock Exchange stock that has fallen since 6,000 points. No one knows how much money it will take to drag the stock index up. Funds that enter the market early naturally have to bear additional risks. If the goal of stopping the decline cannot be achieved in the first few days, the lost funds will be additional losses.

In 1991, 10,000 yuan households were still worth talking about. Mayor Nong felt guilty even if he lost 1%. After all, the government's funds were not in place.

Su Cheng thought of a story that had been circulating for a long time. According to legend, an old cadre bought 5,000 yuan of Shenzhen Development Stocks in response to the national call. It was not until 1997 when Shenzhen Development Stocks rose sharply that they remembered this matter and found that they had made dozens of times profit. So they sold it and cashed in, leaving only 5,000 yuan of principal, and all the rest were paid for special party dues...

"How much does the adjustment fund cost now?" Su Cheng had no intention of shirking. To Mayor Nong's surprise, he didn't know that what he had not said affected Su Cheng.

Manager Tong from the Shenzhen Stock Exchange was also with Mayor Nong. He answered nervously: "80 million yuan."

Su Cheng curled his lips and said, "You three families promised 300 million yuan, but only prepared 80 million yuan?"

"The People's Bank of China has not yet been in place. The 80 million yuan was prepared by the municipal government." Mayor Nong was worried that Su Cheng was unhappy and said, "There are commissions paid by securities companies and funds from Guotou. The municipal government's funds are also very tight. It will take at least one month to raise 200 million yuan... In that case, I am afraid that the pressure to fall will be greater."

"All right."

"Okay?" Mayor Nong felt like he was hitting his fist on the cotton.

Su Cheng nodded slightly and repeated: "Dahua can enter the market now."

"Now?"

"Yes." Su Cheng turned around and asked Yang Ming to book a flight.

Mayor Nong didn't expect it to be so simple, and he didn't know what to say at once.

The flights in 1991 were small and broken. Many civil aviation aircraft only had twenty or thirty seats, similar in size to private aircraft, and their decoration and appearance were similar to rural buses. In fact, the aircraft served in China at this time were not much different from those served in Africa. Most of them were used for 20 or 30 years and were still flying, thanks to the fact that the oil price was still cheap.

Su Cheng and the others were in a hurry and had no choice but to take an old 80-seater plane and flew to Shenzhen with a creaking creaking.

When I arrived at the place, I was greeted by a Santana and drove all the way into the Shenzhen Stock Exchange.

There were nearly twenty people waiting in the classroom-sized room.

Listening to Mayor Nong's introduction, Su Cheng compared with known celebrities in his mind one by one. As the earliest stock exchange in China, everyone who can participate in China's first government rescue operation has good room for improvement, as if the Golden Avenues had been paved long ago.

However, with Dahua's current scale, Sucheng has long lost the idea of ​​listing in China to make money, and has no intention of deliberately getting to know each other. He only remembered the name of the person and simply shook hands and greeted him.

Then there was a meeting, and the methods and plans for the rescue of the market were discussed. During this period, there were various discussions about the government supporting the market. Su Cheng was drowsy when he heard it.

There is no conclusion in 20 years for the discussion on whether the government should save the market. Perhaps there will be no real conclusion in 20 years.

The gentlemen from the Shenzhen Stock Exchange just went through a process.

In the face of the cruel reality of saving the market or closing the door, President Guan put away his idealism, and others were not much better.

The meeting lasted about 2 hours before it ended, and then most people slowly left the room.

Mayor Nong whispered: "The adjustment fund must be kept strictly confidential, and the specific implementation process will be done by a few of us."

Looking around, Su Cheng, in addition to Mayor Nong, President Guan and Manager Tong, there is also a General Manager Wang. This is a typical government official in his 50s, wearing a gray jacket and a big back, and he feels a bit rustic and confident old man.

Such government officials are the most common occurrences of local governments, but they are somewhat out of place for new matters such as stock exchanges.

Su Cheng recalled and said strangely: "Are you the General Manager Wang of Longsheng Import and Export Company? The Import and Export Company also does stock trading?"

Mayor Nong coughed heavily and said, "Dr. Su, General Manager Wang is here to help."

"How to help?"

Several people were a little embarrassed by Su Cheng's question. After a while, Mayor Nong said: "This... we didn't expect Dahua Industrial to enter the market now, so I hope Longsheng Import and Export Company will help us if we lack funds."

Su Cheng knew that import and export companies were rich. However, import and export companies and stock exchanges were really incompatible. With the current corporate structure, Longsheng Import and Export Company is probably not allowed to participate in stock trading.

There may be any illegal circumstances involved, Su Cheng suddenly became serious and said, "Mayor Nong, you have to explain it to me."

Several people looked at each other, but General Manager Wang came forward and said, "Dr. Su, this is what I asked for. Longsheng has money in his account, but the stock exchange cannot collapse. Since that is the case, I have prepared 80 million yuan. If the funds for the adjustment fund are not enough, Longsheng will also quietly buy Shenzhen Development Stocks. Except for Mayor Nong and others, only the accountants of our factory know about this matter. Please keep it confidential."

After hearing what he said, Su Cheng understood. This is embezzlement of public funds. It is just embezzlement of money to be used to support the market.

Su Cheng hesitated all of a sudden, and for him, it was a bit dangerous.

Mayor Nong said helplessly: "It's because of insufficient funds that this is the worst."

General Manager Wang looked and said, "Dr. Su, this has nothing to do with you. We will enter the market to support the market. After the stock price rises, we can just sell it quietly. If there are too many, leave it to the market. Don't worry, I won't even get a penny."

...
Chapter completed!