"It's over, the nightmare has appeared, and Konka Electronics' stock price has begun to fall wildly, and it has fallen to 7 yuan. 100 lost 300 yuan, other new shares need to be subscribed by lottery, Konka can subscribe casually, and it really shouldn't be touched!"

"Grandma's, I was fooled, I knew I shouldn't buy it at the beginning, what should I do now, I took out a few years' salary, 1000 shares, lost a year's salary, and worked in vain. ”

"It's a big loss, and I won't sell it yet, waiting for it all to be smashed in my hands. ”

"Lin Qi, pay me back my hard-earned money. ”

In less than a few days, on the day of Konka Electronics' listing, it opened low and fell to 9.5 yuan to close, and after that, it fell for several consecutive trading days. In a week, it fell to 3.2 yuan per share, and the trading price of the stock market even fell below the net asset price, and once became a junk stock denounced by "gamblers" in the market.

Some gamblers who lost red-eyed even pulled banners and went to the exchange and the government to make trouble.

Even if Konka becomes the overlord of domestic home appliances and sells its products overseas, it is expected to sell 15 million TVs and 7 million monitors in 90 years. It is expected that the annual net profit will not be less than 2 billion. However, the company's market value still fell to only 4 billion yuan.

All of a sudden, not only Shenzhen, but even the central government was alarmed, and kept calling to ask Lin Qi's opinion.

In this regard, Lin Qi said: "It is normal for the stock market to fall, and undervaluation is a good thing for long-term investors. For example, if my factory needs 10 billion yuan of investment, stable operation, and earns 1 billion yuan a year, can you easily buy 10 billion yuan? In the stock market, sometimes it is very strange, and the overvaluation is very high. A stock with a profit of 10 million may have a price-to-earnings ratio of more than 100 times and has been hyped to 10 billion. At the same time, a good company worth more than 1 billion yuan a year may also be blindly sold off and smashed and fall to 4 billion yuan, and the profits will be made back to one company in four years, and the profits are still increasing every year! Where can you find such a good asset? Only under special circumstances in the stock market, during the period of sharp decline, can you find it! The price increase of stocks is a normal condition of the market economy. If you are interested in the stock market, I recommend "The Smart Investor", written by Graham, which created Warren Buffett. In addition, there is also a stock god in the United States called Peter Lynch, his performance in investing in stocks should not be as good as mine, and he is now retired, but he has written some books, don't invest in stocks according to his book research, just look at the history of the U.S. stock market, bear market, crash is very common, especially in the early 20th century when the United States has just risen, before the First World War, which has not yet become the world hegemon, before the Second World War, the United States has encountered a long-term stock market depression. There have been bear markets for more than ten years, and it was not until after World War II that the United States was more bullish and less bearish...... Investors are meant to be protected, but we are not saying that if the stock falls, we will hold anyone responsible. This is a normal fluctuation in the market economy, and the management should crack down on financial fraud, opaque information, fictitious investments and returns, and other bad frauds. As long as the authenticity of the financial statements is supervised, and the information transparency of listed companies is supervised, as for how to invest, it is completely a personal matter for investors. ”

Under Lin Qi's persuasion, the leaders calmed down.

In the reform and opening up, the country is also crossing the river by feeling the stones, and everyone does not know the future. However, in general, Mr. Lin's business and investment experience is now more affirmative in China.

Lin Qi's annual contribution to the domestic GDP is not less than 300 billion yuan, and the tax scale is not less than 40 billion yuan. At the same time, the products are competitive in the world market. Moreover, a number of companies under Lin Qi are listed in the United States, Japan and Hong Kong.

In the early 80s, Hong Kong stocks and real estate bear markets, Lin Qi even copied a big bottom. Therefore, many people in the market joke that Peter Lynch in the United States is actually inferior to Mr. Lin Qi in China.

Therefore, China also believes that Mr. Lin is very good at studying the stock market.

Most of the other experts don't even have experience in stock trading, let alone studying the stock market and financial markets. In essence, Lin Qi's persuasion made the country insist on doing a good job and expanding the stock market. After all, when the stock market grows bigger, it can not only finance enterprises and contribute to the economy, but more importantly, the stock market is also an extremely critical façade in countries with market economies.

All...... In order to gradually create the image of a market economy, the state wants to set up a stock exchange, whether it likes stocks or not.

……

After exchanging some views with the leaders on the management and development of the stock exchange, the state is also preparing to set up the China Securities Regulatory Commission, the China Banking Regulatory Commission, the Insurance Regulatory Commission, and other financial supervision institutions.

At the same time, not only the role of the stock market, but also the role of banks and insurance companies, Lin Qi also talked a lot. Needless to say, the insurance company Lin Qi told that Warren Buffett's Berkshire is essentially an insurance company. Decades later, the repaid pension is first used to invest the funds to obtain income. Since the insurance float will not be cashed out to customers until decades later, you can use this money to make some long-term investments.

The state can also take the money from insurance companies to invest in some equity, real estate, and resources. Use the income from the investment of insurance companies to provide for the elderly.

After Lin Qi told the leaders some financial management experience.

Again, let Konka Company issue an announcement to reassure investors: "In view of the abnormal fluctuations in the company's stock price, Konka's management and major shareholders conducted routine internal investigations, and did not find that the company's operation was abnormal, and there was no major negative news." At present, the company is operating stably and is expected to achieve a profit of more than 1 billion yuan this year, with a current price-earnings ratio of only 4 times. Even in the history of the world's stocks, it is a very rare undervalued target. It is expected that in the next few years, Konka's business will also have upward momentum. ”

"Konka's major shareholder. Mr. Lin Qi, the actual controller of Xinai Industrial Group and Xinchuang Electronics Group, the controlling shareholder of Xinai Industrial Group, said that Konka's stock price is abnormally undervalued and has long-term investment value. ”

"If real investors want us to go back to the bottom, next year! At the end of December 1991, if the issue price is lower than 10 yuan, you can find Xinai Industrial Group, 1991 12 ~ January 1992, 10 yuan per share, we can buy back!"

Although, these announcements are not very standardized, and at the request of later generations, this kind of thing cannot be said nonsense. However, no one knows how listed companies should disclose information to shareholders.

Therefore, the posture made by Konka Company is already very kind and close to the people. In addition, it is objectively true that he announced that his stock has long-term investment value, which is very non-standard colleagues.

Basically, if there are no force majeure factors, the performance of Konka, a subsidiary of the new entrepreneurship department, will definitely get better and better.

And this kind of commitment is very inconsistent with the market economy, nor is it in line with the principle of the stock market and taking responsibility for profits and losses. However, it has to be said that this commitment has defused the pressure on the exchange and the government. Many gamblers who have lost money will stop doing things for the time being.