Zhou Lao's secretary Wan Quan was deeply impressed by Su Cheng. Anyone who watches someone make hundreds of millions of dollars right under their nose will be impressed by this person.

He looked at Su Cheng's note and thought for a moment, "You wait. ”

As the saying goes, Wan Quan, as one of the secretaries, is a real department-level cadre, two grades higher than the seven-rank official. He has the power and ability to judge the value of Sioux City and the value of the note.

Wan Quan gently pushed open the door of the small conference room.

Zhou Lao was sitting facing the door, supporting his cheeks with his hands as always, and supporting the armrests of the sofa with his elbows. His eyes were bright, and it seemed that he was listening very seriously.

However, no matter how fierce the discussion was among the officials of the bank, the Shenzhen Stock Exchange, and the Shenzhen Municipal Government and the relevant departments of the State Council, Zhou Lao never said a word. He just observes, and observes, and observes, and observes, until he comes to a conclusion that he approves of.

Wan Quan handed the note to Zhou Lao's hand and stood aside waiting for instructions.

The others also stopped talking.

Zhou Lao thought for a minute or two, and then asked Wan Quan, "Do you think it's feasible?"

"It's very operational, and Mr. Su's talent in the financial market is amazing. Wan Quan said good things to Su Cheng, but the word "talent" was not invented by him, but said by Zhou Lao that day. With a profit of $1 billion, Sioux City has settled on its financial talents, and if anyone has an opinion, the first thing to do is to break the superstition of this $1 billion.

The people below also knew about Sioux City and listened to him write a note. I can't help but bow my head and think about each other. They are either in the financial system or in the management of the financial system, and how can they not understand the big Chinese winners in the Gulf War. In 1991, the banks were still very poor, especially lacking foreign exchange, and even the bank governors could not approve $1 billion. Such a large sum of money can only be approved by the leadership of the state.

After thinking about it carefully, Zhou Lao said, "Then let him come in and talk about it." ”

Wan Quan went out. Zhou Lao raised his head and said, "Su Cheng of Dahua Industrial Group, you probably know." He had a question about the exchange bailout and institutional reform. ”

Sioux City thought about the banking department discussing a bailout through the meeting, and ran into problems. It's also easy for the people inside to think of. It is very likely that Su Cheng is waiting for Zhou Lao's reception. This kind of realization makes it impossible for them to say anything against it.

After a while, Sioux City walked into the conference room.

There is no time for pleasantries. Zhou Lao smiled: "Su Cheng is here, sit down and tell me your opinion." ”

Su Cheng sat down, but said, "Can I see the conclusion of the previous discussion?"

"Give him the minutes. Zhou Lao said this, and Wan Quan got the unfinished meeting minutes from his assistant and handed them to Su Cheng.

The governor from the People's Bank of China lit a cigarette without saying a word. Then there is Manager Tong of the Shenzhen Stock Exchange and the agricultural mayor of the Shenzhen Stock Exchange. The atmosphere in the conference room was quite oppressive, and they looked like a pack of lions watching tigers invading their territory.

They were watching the tiger's condition and tricks, and if the tiger behaved ordinarily, the lions would pounce on it and swallow the tiger with its bone.

Sioux City had to ask to read the results of the previous discussions. He doesn't know much about the financial markets to the point of talking. The few people in front of me, although they are as sour as bread, actually understand the bits and pieces of the financial market, especially China's financial market.

Sioux City just wanted to find a breakthrough, not provoke a generalized academic debate.

For this reason, he can only bear the pressure of silence.

Five minutes of silence. It can almost drive people crazy.

Su Cheng looked at the minutes of the meeting and couldn't help laughing. The rescue plan proposed by the Shenzhen Stock Exchange is to "issue new shares", which is solid negative news after 20 years. The People's Bank of China (PBoC) called for "encouraging dividends" and "cracking down on insider trading", and the Shenzhen municipal government recommended "employee stock ownership". It's all a policy decided on the ass, but it's still unclear about the priorities.

Sioux City knows it even if it doesn't understand the stock market. China's current environment simply does not allow for the implementation of these policies, and the "crackdown on insider trading" alone is not a problem that can be solved by a simple document.

Whether the policy can be implemented or not, and whether it will be effective, should be the most clear to the banking officials in front of them. Instead, they were at loggerheads.

A smile welled up on Su Cheng's lips.

That's good news for him. In fact, before entering the conference room, Su Cheng guessed that it was under special circumstances that Zhou Lao would prolong the meeting.

If you want to talk about people like Zhou Lao, no amount of plans has any real factual value. Regardless of why the banking officials had come up with such a plan, they did leave a loophole for Sioux City.

Sioux City quickly spoke, "From my point of view, the proposals put forward by the banks, the exchanges, and the city government have no value in implementation. They confuse bailouts with reforming the exchange system. If the market is to be bailed out, the plan implemented should be short-term stimulus, with a focus on boosting market confidence, and if the exchange system is to be reformed, it should be gradual and not affect the stock market and market confidence. ”

He thought about it for a long time before he came to such a conclusion. Sioux City thought it would get everyone's attention.

However, no one showed a surprised expression.

Manager Tong of the Shenzhen Stock Exchange was the first to say: "The rescue itself is the job of our exchange. Reforming the stock market and putting an end to this situation was the goal of the meeting. Therefore, Su Dong's views are a little too Westernized. ”

Su Cheng was stunned and said, "Isn't the stock exchange just a Westernized thing?"

"What we want to build is a market for the exchange of capital in a socialist country, which is different. "Manager Tong said very seriously, very seriously.

The others nodded frequently. Their attitude is also serious. It's only 1991, and the problem of the surname society has not yet been resolved, and criticism of the stock exchange as a sign of capitalism is endless. If it turns out that the stock exchange is something exclusive to capitalism, the only result is to outlaw it.

When Sioux City realized this, the governor spoke again and said, "Our stock market. It should grow together with the country's economy. Residents provide funds to the company, and the company uses the funds to create wealth, and then dividends are distributed to the residents, forming a good interaction. The goal of our reform is to reduce the risk of the stock market, and this downward trend will cause great harm to society and the national economy. So I want to say. Yes, we need not only to bail out the market, but also to reform the exchange system. ”

He's completely-for-tat. This is certainly not a personal vendetta. It's a very important collision of ideas.

For Su Cheng, who received an ordinary education since childhood, his thinking mode is fundamentally different from that of the president.

Su Cheng thought about it for a while before he finally understood. Surprised and inexplicable, he asked, "President Guan, do you mean to make the stock market only go up and not down?"

"It can fall, but it can't fall continuously, and it can't fall sharply. Again, we are not in favor of a big rise. Residents share dividends from the country's economic growth through the stock market, and this is the socialist stock market...... "Governor Guan said with a nose and an eye.

Sioux City's eyes are straight, and the stock market that only goes up and doesn't fall is simply ideal and enviable.

However, the governor is a cadre at the deputy ministerial level, and he is definitely not open-mouthed. Look at the other people around him. No one finds it strange...... It can be seen from this that there are not a few people who think like him, or in other words, who understand his thoughts.

What a beautiful time.

If you don't know the virtue of the Chinese stock market in later generations. Sioux City may have admired their ideals. Now, all he's left with is sympathy.

The reality of plump ideals and backbones is useless even for ministerial-level cadres. What can't be solved, still can't be solved. Perhaps, the Chinese stock market in later generations is indeed a distinctive capital trading market. However, with the tone of the creator and the developer. It's quite different, I'm afraid.

Sioux City was not prepared to discuss ideals with them. In the discussion between ideals and reality, it is always the ideal that wins. In the implementation of ideals and reality, it is always reality that wins.

After Su Cheng and the other president finished speaking, he said directly: "I have a method that does not involve the reform of the stock trading market, but can solve the problem of the current market downturn." We pull up a leading stock. ”

The agricultural mayor of the Shenzhen Municipal Government became interested and asked, "How to pull up?"

The governor coughed heavily and interrupted, "No." ”

Su Cheng said dumbly: "I haven't said it yet." ”

"The government cannot directly intervene in the stock market. You don't have to say it to me, but what you're talking about is a classic stock market manipulation. This is not right. "It's another idealistic statement, but the governor is right. The so-called lifting of leading stocks in Sioux City is that the government manipulates the stock market and achieves the purpose of pulling the market by buying the stocks of leading stocks.

This was common in the stock market in later generations, and not only in China, but also in foreign governments. In particular, European and American governments, which came to power in 2000, are often accused of being socialists by their own media. In this process, there is not only a change in economic thinking, but also the influence of Chinese factors.

Everyone has the urge to copy and learn from successful experiences, and this is not something that simple ideology can stop. When China's economy takes off, European and American countries that are in economic crisis naturally have the impulse to learn from China's economic experience.

And in 1991, in a world where the planned economy of the Soviet Union had collapsed, Chinese intellectuals had the urge to learn from the economic experience of Europe and the United States.

When it comes to the stock market specifically, "no intervention in the stock market" seems to have become the golden rule of early reformers.

They really want to create a pure and beautiful stock market.

Su Cheng gave Governor Guan an apologetic smile and said, "Your methods won't work. Bailouts are government intervention. On the one hand, you don't want to intervene in the stock market, and on the other hand, you want the stock market to only go up, not down, and to increase slowly? ”

The governor sighed and said slowly: "It's man-made. ”

Even his allies didn't believe in this sentence.

Zhou Lao also understood, and laughed out loud: "Xiao Su, you pierced the window paper." ”

The strategy of pulling up leading stocks is not unthinkable to a few others, but they are unwilling to do it. Sioux City had no hope in the beauty and purity of China's stock market, and quipped without any guilt: "As long as the governor does not restrict me from lending, the window paper will be pierced." ”

"Which leading stock will be raised?" asked Zhou Lao, indicating that he was interested in Su Cheng's plan.

The governor was so anxious that he didn't care about etiquette and shouted: "Old Zhou, you can't set such a precedent! The government's intervention in the stock market will cause endless troubles." ”

Zhou Lao asked: "If the government does not intervene, what will happen to the stock market?"

The head of the bank said stubbornly: "There may be some bad fluctuations, but it can always survive." ”

Zhou Lao waved his hand and said, "Everyone has a lot of opinions on the stock market. If there is a bad movement, the stock market will be shut down. ”

He turned his gaze to Sioux City.

Su Cheng smiled apologetically at the president and said, "If the Shenzhen Stock Exchange is concerned, I will give priority to Shenzhen Development and Shenzhen Development Bank, buy a little bit of its shares every day, and in about two months, the market will come to life." ”

"How much does it cost?"

"This, I estimate, billions may be enough. Deep development is now not a big plate. ”

The governor of the bank snorted and said, "Deep development may not be billions." If you really want to pull up the stock market, I think 500 million yuan is enough. ”

Su Cheng laughed embarrassedly. He had never been exposed to the Chinese stock market and really couldn't understand the size of the stock market in '91.

Manager Tong coughed lightly and said to Zhou Lao: "The Shenzhen Stock Exchange can only take out 100 million yuan at most, and it's not enough to throw it all out." ”

Zhou Lao turned his gaze to the others.

Mayor Nong hurriedly said: "The city government only has 100 million at most, but if it is all taken out, the salary of cadres next month will be enough." It would be easier if the bank could help with the loan. ”

The governor said reluctantly: "I have to go back and report, but it is estimated that a loan of 100 million is okay." ”

The three families each paid 100 million, as if they had been negotiated. Even if Zhou Lao can't force them to pay more.

They did not point to Zhou Lao's promotion to make a fortune, and this meeting was also a purely transactional meeting, which belonged to inter-departmental disputes and policy-making issues.

Sioux City is different, and where is there a better way to show determination.

He said without hesitation: "Dahua Industrial is willing to invest 200 million yuan to buy shares of Shenzhen Development." ”

The governor was stunned and said: "The stock market is risky, and there is no loss for ups and downs." ”

He was afraid that Su Cheng would lose money and look for trouble again. This kind of thing is not new to the children of the powerful.

Su Cheng also smiled and said, "I won't trouble you if I lose money." ”

Zhou Lao was also a little happy, and said: "This is very good, Dahua Industry is a social fund, and in the future, we will have more social funds, and the stock market will naturally prosper." ”

Governor Guan said simply: "Then Su Dong's Dahua Industry will first promote the deep development, if 200 million yuan is successful, it will also eliminate the problem of the government's manipulation of the stock market." ”

"Dahua Industrial strikes first, if the stock price rises, the number of shares that your funds can buy will be less. ”

"It doesn't matter. ”

"Oh well. Su Cheng agreed, and said, "I need documents from the higher authorities, so as not to become a private manipulation of stock prices." ”

Manager Tong didn't give Su Cheng a chance to regret it, and hurriedly said, "We'll release the documents today." ”

Both sides felt that they had taken advantage of it. Neither the Shenzhen Stock Exchange nor the Shenzhen Stock Exchange itself thinks that China's stock market will skyrocket, and they plan for a 5% to 10% increase in stock prices every year, just like China's economic growth data.

Sioux City still has an unreal feeling: this is a bank stock!

…… (Your support is my biggest motivation.) )