Zhao Moshi was stranded abroad and did not return, and his family had gone abroad long before him, and the few hundreds of millions of funds left in the account of Pucheng Group were transferred out and disappeared during Zhao Moshi's stay abroad - not to mention that the panic within Pucheng Group was rapidly spreading, and there was no way to completely block such sensitive news from the outside world.

Pucheng Electric Appliances, Jianghe Phosphorus Industry, Qianxi Diesel Machinery and other three listed companies, as the market slowly fell in the morning, the securities market did not notice anything abnormal at first. By the end of the day, stimulated by the good news of the central bank's interest rate cut, the Shanghai and Shenzhen indices rebounded sharply, and external investors saw that the stock prices of the three listed companies in the Pucheng system had lost their support, and there was no sign of a reversal with the broader market index.

At noon, the news that Zhao Moshi was stranded abroad and did not return was widely spread, and immediately caused a lot of waves.

There was no order to enter, and countless funds that wanted to escape were blocked on the fall limit, desperately waiting for further news.

Huaihai Securities may face a loss of up to 2 billion yuan due to the sale of Pucheng's 2 billion "guaranteed income" fund, which is also called the capital that escaped from the road to hit the fall limit.

Including Meixi Holdings, Dongjiang Refined Chemical, Huaihai Iron and Steel, Lanshan Petrochemical and other companies, nearly 30 listed companies in Huaihai Province were affected by the news of Zhao Moshi and his family's flight, and their stock prices fell sharply in the afternoon.

The debt problem faced by Pucheng is not without warning in the securities capital market, but the domestic securities market has a strong speculative atmosphere, and most investors want to profit from it with a speculative mentality, completely ignoring the so-called risks and bubbles.

It is often only after the bubble bursts that it wakes up, and the panic that breeds is even more serious.

No one knows how serious the debt crisis of Pucheng Group is, nor how many companies in Huaihai Province are implicated, so it has become a top priority to flee.

After it was preliminarily determined that Zhao Moshi and his family were illegally staying abroad and that a large amount of funds in Pucheng's account were transferred abroad, the Xucheng Municipal Party Committee urgently convened a meeting of the Standing Committee and decided to set up a joint working group with the Provincial Securities Regulatory Bureau and the Provincial Public Security Department in the name of the municipal government, with Xiong Wenbin leading the stationing in Pucheng to intervene in the handling of the debt crisis in a timely manner.

For a while, the mountain rain struck, the sky was gloomy, and in the afternoon, several phone calls were made directly to Shen Huai's mobile phone to inquire about the news; Shen Huai naturally had nothing to say to anyone.

Shen Huai rushed to the Nanwan Lake Software Industrial Park in the afternoon to attend a symposium, and until the twilight, he did not have time to pay attention to the latest trend of the Pucheng crisis.

As one of the cities with the highest concentration of universities and research institutes in China, Xucheng has abundant advantages in human resources for the development of high-tech and software industries.

The construction of Nanwan Lake University Town was started, and the first batch of Nanwan Lake Software Industrial Park was built, which is more important to promote the development of Xucheng's software and information service outsourcing industry.

Xucheng also officially proposed the development of "world office" into the theme of urban industrial development, so as to attract many giants of international information technology and software companies to settle down in Xucheng.

The first phase of the Nam Van Lake Software Industrial Park has been constructed at the fastest speed, and more than 10 software companies have been stationed in the park since April.

Shen Huai originally planned to find Huang Xinliang and them today to discuss the construction of the second phase of the software industrial park, but now that the Pucheng debt crisis is fully induced, the part that has surfaced is already terrifying, and I don't know how widely it will be implicated in the end, and the construction of the second phase of the software park project may be forced to be delayed, and we can only do a good job in attracting investment in the first phase as much as possible.

It was about ten o'clock in the evening when Shen Huai received a call from Xiong Wenbin and learned that he had just left Pucheng Building.

Shen Huai rushed to Xiong Wenbin's house by car, and waited for a while before seeing Xiong Wenbin come back with a tired face.

Xiong Wenbin sat down tiredly, wanting to take a cigarette from Shen Huai to smoke, but he didn't know where Qiqi came from, snatched the cigarette from his mouth, and said in a coquettish voice: "Grandma said that smoking is not good for health." ”

Xiong Wenbin had the least temper with his granddaughter Qiqi, and pulled Shen Huai to the courtyard to talk about things:

"When I came back to my home, Secretary Zhong called me temporarily, and I went around to Secretary Zhong's house to report the preliminary verification this afternoon to Secretary Zhong. Actually, there's nothing to say - just started the investigation, what can be found?"

Although Shen Huai and Xiong Wenbin have long been concerned about Pucheng's debt problem and have collected some detailed information, Zhao Moshi's "accidental" escape has complicated the problem.

Shen Huai and Xiong Wenbin couldn't claim that they had noticed the abnormality of the Pucheng Group a long time ago, otherwise Xu Pei and Li Gu would have no way to explain why Zhao Moshi was able to successfully escape.

Even with Zhong Limin, the secretary of the provincial party committee, he could not tell the truth.

"Did Governor Xu call to find out about the investigation in the afternoon?" asked Shen Huai.

"Not yet," Xiong Wenbin shook his head and said, "If you don't take action in advance, sit back and watch Zhao Moshi flee, probably a last resort to reduce the impact, right?"

Over the years, Pucheng Group has been deeply involved with the Department of Planning and Economics, and Zhao Moshi is very good at making friends.

In addition to Cao Zhengjiang and Zhao Moshi forming a family of sons and daughters, Li Gu, Guo Chengze, Jiang Yibin, Meng Jiansheng, Pang Yunsong and others all have deep personal relations with Zhao Moshi.

Although most of the officials in the Department of Planning and Economics in Huaihai Province have no direct relationship with Pucheng's illegal fund-raising and merger and acquisition cases, they are afraid of being implicated in everything.

Now that Zhao Moshi has fled, the illegal fundraising and other cases involving Pu Cheng still have to be investigated, and Xu Pei will definitely get rid of the negative impact of this matter on him, but the implication will not be disorderly and out of control.

Shen Huai guessed that Xu Pei's "intention" might be like this.

Shen Huai also had no intention of thinking too deeply, and was more concerned about how to clean up the mess at the moment.

"Pucheng's troika is a star stock in the securities market, not only involving hundreds of thousands of small and medium-sized shareholders, large and small, but also may induce more subtle trend changes in the securities market this year. What is the wind blowing from the Provincial Securities Regulatory Bureau?"

"Some people suggest that the Xucheng City Government first open up rumors, calm people's hearts, and delay the situation for a few days to deal with it coldly," Xiong Wenbin said coldly, but there was also a lot of helplessness in his tone, "These people are just thinking that the Xucheng City Government can come forward for them to use fake news to support the stock price." They escaped conveniently, but they completely ignored the mess behind them and asked the city government to deal with it? The stall is really rotten and too big. ”

Shen Huai thought to himself that Xiong Wenbin was still angry.

In the domestic securities market, there are too many gamblers, not only small and medium-sized stockholders, but also most of the institutional investors.

In addition to lending to large and small financial institutions and lending companies in Pucheng, there are also many investment institutions that directly participate in the stock operations of Pucheng's three listed companies, and they are all caught in it this time.

It is not surprising that these people have such thoughts when they see that there is no hope of escaping for their lives.

Shen Huai pulled out a cigarette, lit it for Xiong Wenbin, and said: "The working group is stationed in Pucheng Group, and I believe that the general problem will be clarified soon, but the more headache is still to come, and this mess is not easy to clean up." ”

"In the early stage, we can only prepare for the loss first," Xiong Wenbin smoked a cigarette and said, "The four commercial banks in the city and Huaihai Securities, plus the corporate loans of the provincial state-owned enterprises and the state-owned enterprises of Xucheng City, as well as large and small private lending companies, the province and Xucheng City may expose a big hole of eight or nine billion yuan this time." In addition, the loans lent by several national commercial banks are not small, and the province and Xucheng City do not have to take responsibility for the holes of several national commercial banks, but in the later stage, several national commercial banks will inevitably double down on their lending in Huaihai, which will have a greater negative impact on Huaihai......"

Huaihai's current supply of loans mainly depends on a few national commercial banks.

Once several national commercial banks suffer heavy losses in Huaihai and the management of the provincial institutions of the national commercial banks in Huaihai are purged, the loan quota of several national commercial banks to Huaihai will inevitably be greatly tightened in the future.

Without the lending of the State Commercial Bank, it would be difficult for many projects in Huaihai Province to obtain sufficient construction funds, and the impact would be too great.

Shen Huai sighed lightly and said: "Let's deal with it coldly for a while, this mess really can't be left to rot to the end, how to clean it up, or see how to compromise in all aspects." ”

It is inevitable that the Pucheng debt crisis will lead to huge losses, but the key depends on how the losses are apportioned, and it is not easy for Cui Weiping, Hu Lin and others to catch the handle.

From the next day, the three listed companies of Pucheng Electric, Jianghe Phosphorus Industry and Qianxi Agricultural Machinery have all been suspended from trading.

Although Pucheng Group is the majority shareholder of these three listed companies, in addition to Pucheng Group and the large and small tradable shareholders in the secondary market, these three listed companies also involve a number of non-tradable shareholders.

The joint working group chaired by Xiong Wenbin, while investigating Pucheng's debt problems, is more important to unite other shareholders of the three listed companies and work with the management teams of the listed companies to first try to maintain the company's daily operations.

For financial institutions that lend huge sums of money to Pucheng Group, Pucheng Group holds shares in three listed companies, which is the most important loan collateral.

Whether the listed company can maintain normal operations and whether it can successfully complete the cutting with Pucheng Group is the key to reducing losses and controlling the impact.

However, factors involving people's hearts and morale cannot be reversed simply by hard work.

The three listed companies in the Pucheng system can be suspended indefinitely during the investigation, but Huaihai Securities cannot enjoy such treatment, and only one day of suspension and then re-trading.

In just two weeks, Huaihai Securities, which was once a provincial star listed company, shrank by more than three-quarters of its market value, dragging down the stock prices of all listed companies in Huaihai Province by 10%-50%.

Financial institutions, as well as large and small enterprises involved in lending to Pucheng, can still hold their breath to some extent.

The large and small private lending institutions involved in the Pucheng case were hit hard, either bankrupt or desolate and maintained, or the person in charge fled with money, and more than tens of thousands of borrowers were involved in private participation in illegal fund-raising.

***********************

Shen Huai has never been involved in the handling of the crisis, and it was only in late July that Xu Pei called him to the office.

Although during this time, Shen Huai can also see Xu Pei frequently showing his face under the news camera, but when he walks into Xu Pei's office and looks at him closely, he can see more clearly that he has been anxious and haggard in the Pu Cheng case during this time, giving people the feeling that he is more than ten years old.

"The investigation of the Pucheng case has reached a preliminary conclusion, and then it will be handed over to the procuratorate for further evidence collection, so that it is convenient to investigate the criminal responsibility of the relevant people," Xu Pei said of the Pucheng case straight to the point, "Next, the more important thing is to clean up this mess and not destroy the good development situation of Huaihai." But at the moment, the one who can clean up this mess is Huaihai State-owned Assets - the preliminary investigation, Pu Cheng has also touched the bottom, and Pu Cheng still has some family background......"

Shen Huai pondered for a while and said: "I don't know much about the specific situation, whether Huaihai state-owned assets can bear the burden, I don't have confidence now......"

Xu Pei stared at Shen Huai's face for a few seconds, and finally knew that it was difficult for him to force Shen Huai to take over this mess.

The Pucheng case has dealt a great blow to Xu Pei's reputation, except for Xu Pei's personal hope that Huaihai State-owned Assets can take over the mess left by Pucheng, other members of the provincial government party group are worried that this move may cause the crisis caused by Pucheng to spread to the entire provincial state-owned assets system.

Once this happens, it will be a fatal blow to the entire economic development situation of Huaihai Province.

Xu Pei could not persuade the provincial government to hold a unified opinion, nor could he persuade Shen Huai and Huaihai state-owned assets to take the initiative to take responsibility, and when it was discussed at the meeting of the provincial Standing Committee, the opposition posture of Cui Weiping, Chen Baoqi, Dai Lesheng and others can be imagined.

"Okay, then the members of your party group will study this matter first, and the province is not in a hurry to reply. Xu Pei was helpless, so he could only say this first.

Although Jiang Yibin still holds the position of chairman and party secretary of Huaihai State-owned Assets, without Shen Huai's active cooperation in this matter, Xu Pei also knows in his heart that forcibly stuffing the mess to Huaihai State-owned Assets to solve it is likely to smash a bigger mess.

************************

Coming out of the provincial government building, Shen Huai did not rush to get into the car, stood on the edge of the parking lot, and lit a cigarette.

I don't know where Li Gu came out of here, and came over to beg for a cigarette.

"You still haven't let go. Li Gu spat out a puff of cigarette and said leisurely.

"How can I relax?" Shen Huai said with a smile, "It's hard to control the impact of the Pu Cheng case, aren't you afraid of dragging Huaihai state-owned assets in?"

"Can Huaihai state-owned assets be so vulnerable?" asked Li Gu with a helpless smile.

"How many people will be able to pick it up this time?" Shen Huai asked Li Gu with a different subject.

In addition to illegal fundraising, Pucheng's participation in the restructuring of Jianghe Phosphorus Industry and Qianxi Agricultural Machinery has some problems. In addition, in addition to some local officials, there is also Huaihai Securities will involve Ding Jianguo," Li Gu smiled miserably and said, "This is only a preliminary conclusion......

Shen Huai knew that the preliminary conclusion that Li Gu said was that if the influence would not continue to expand, the involvement would be controlled to this extent, and Cui Weiping, Chen Baoqi and other Hu officials were still hiding behind the scenes like poisonous snakes, and they would never despise putting away the poisonous fangs that were about to be pierced.

"Zhao Moshi is in a hurry for quick success, and private enterprises also have natural defects, but Pucheng Group has contributed to the Huaihai economy over the years," Li Gu pulled Shen Huai to smoke under the shade of a big tree on the edge of the parking lot, and said, "Let's just say that Pucheng has been merging in the past few years, and those many companies have been merged into Pucheng, and these companies have more or less had some problems in operation before, otherwise it is not so easy to let go of the local government." The integration of Pucheng cannot be regarded as a success, but the operating conditions of these enterprises have improved somewhat, at least not worse. Although the hole that Pucheng has poked out is a bit big, Pucheng still paid for the tens of billions of merger and acquisition funds, and it really fell into the hands of local pockets, which were used for infrastructure and people's livelihood, used to support local economic development, and contributed to the improvement of the local appearance, and did not waste the ......"

"Well, you must give Pu Cheng a score, and the merit will be offset, and it will never be a negative number. This will not be ruined because I don't vote for Zhao Moshi's personal relationship. Shen Huai said with a smile.

"The three listed companies will be re-listed and traded in two days, and they can't be suspended all the time. And once re-listed for trading, the stock prices of the three listed companies will definitely continue to fall. It is possible that the market value has shrunk by half, or even less than a quarter like Huaihai Securities, but the three listed companies and other assets of Pucheng Group outside the listed companies are actually still there, and they have not crossed over. Li Gu said.

Shen Huai smiled bitterly: "Secretary Zhong will retire in two months, and Governor Xu will most likely not be able to take over Secretary Zhong's position." The entire Huaihai Province has to change the sky, don't say that I don't have this ability, even if I have a little trust, you let me stand up and turn the tide at this time, but push me into the fire pit?"

If there was no Pu Cheng case, Xu Pei might have succeeded Zhong Limin as secretary of the provincial party committee, and now all this is empty, and in Huaihai Province in two months, the situation will develop and change dramatically.

Xu Pei may not be able to sit firmly in the position of governor, and most of the new provincial party secretary who succeeded Zhong Limin is a member of the Hu family, at that time, the Hu family will be dominant in Huaihai, where can Shen Huai at this time move forward because of sympathy for Xu Pei's situation?

He now has to think about how to deal with the situation of Hu family's dominance in Huaihai in the future.

Li Gu sighed lightly in his heart, others only saw Shen Huai's arrogance, but it was difficult to guess that he had carefully sought a balance between the Ji Jing Department and the Hu Department in the past few years, and sought development space for the Mei Gang Department.

Before Cui Weiping, Chen Baoqi and others did not make a clear statement, Shen Huai's posture was restrained and conservative, which only showed that Shen Huai was more calm and mature in the cracks of factions.

"It wasn't Governor Xu who asked me to come to you to say this," Li Gu said, "Secretary Tian hopes that you can take more responsibility for Huaihai......

"Ah......h

Shen Huai has no sympathy for Xu Pei, without Xu Pei's support, it is impossible for Pucheng Group to carry out such a radical merger and acquisition action in the past two years, and Xu Pei's support is meaningless because he does not want to see the Meigang Department and Rongxin Department enjoy the greatest achievements of Huaihai's economic development.

It's just that Shen Huai didn't realize that Secretary Tian Jiageng still hoped that he could make a difference at this time.

Shen Huai could guess that the Pu Cheng case had caused great disturbance within the entire Department of Economics, and he had made up his mind to stand by and watch, but it was always difficult to bear to live up to Secretary Tian's expectations of him.

"Okay, I'll go back and think about it......," Shen Huai said.