The matter was almost discussed, and Feng Yiming said to Lin Hui, who had been sitting at the back silently.

It has been ten years since Lin Hui graduated from Yenching University, and he has been in the financial and securities circles of Yenjing.

"From the first half of 2006 to January 2008, the initial capital was 165 million, and then the investment was 65 million, totaling 230 million. ”

Lin Hui is familiar with the relevant data, "excluding the subsequent fund sales operations, as of January 2008, the total profit and profit is 1.42 billion, and the profit margin is more than 500%, of course, the data includes the current market value of the stock......

Listening to the data reported by Lin Hui, Feng Yiming secretly calculated in his heart, in fact, the fund company entered the securities market before it was scattered, and it deliberately did not choose fixed industry stocks, but this big bull market is really too bullish, and it can also bring more than one billion in this way......

Dong Zhengyu saw that everyone was ignorant when they heard those professional terms, and said to Lin Hui: "Those will talk about later, let's talk about dividends first." ”

"Although the fund company has been merged into Tianpeng Finance, the dividend this time is still calculated according to the share of the fund company. With Liu Jie's help, Lin Hui took out the corresponding profit remuneration table from the folder on the table.

"To be honest, I've been in the bull market of the '90s before, but it's really not as crazy as this one. Wu Zhen was amazed, and it seemed that he was quite satisfied with the rate of return.

"The whole people are speculating in stocks, coupled with the appreciation of the RMB, the large-scale issuance of funds, and the ...... excess liquidity," Dong Zhengyu said with a smile: "Feng Shao can see it accurately and make a decisive move!"

Lin Wenwu glanced at his form, and couldn't help but smile on his face, who doesn't like money!

"It's a pity that this is a one-time ......" Wu Zhen sighed, "The money you will earn later...... Someone kicked himself in the waist bag eighty percent of the time. ”

"Don't talk nonsense, your mind is just thinking about those shady things!" Feng Yiming scolded with a smile, turned his head and asked, "Have you arrived?"

"When I arrived, Dean Zha Jianchi personally went to invite me, I just arrived five minutes ago, and I was drinking tea next door. ”

"Then hurry. ”

Lin Hui got up and went out, and after a while, he attracted two men who were over half a hundred years old, one of whom everyone was familiar with, was Zhanxiong Economic Research Institute President Zha Jianchi, and the other was in a suit and leather shoes, looking a little younger, with a red face, but he was a stranger.

"Let me introduce you, this is Jia Peng, a professor and master's tutor at the School of Finance of Yenching University. "Most people may not know that as early as the beginning of last year, Professor Jia had already served as an honorary tutor of the Zhanxiong Economic Research Institute. ”

"Professor Jia, meet again. Feng Yiming got up and stretched out his hand to shake it, "Regarding those articles, I have had a detailed discussion with Dean Zha and other mentors of the Economic Research Institute, this time I invite you to come over, on the one hand, to do an explanation of the changes in the domestic stock market with Lin Hui, and on the other hand, to invite you to be the chief consultant of Tianpeng Finance." ”

Jia Peng looks quite particular about dressing, but he is very wooden, his eyes are not very good, and he is typical of having a good mind and cannot speak.

Feng Yiming knew this in several emails and phone exchanges with Jia Peng, and quickly arranged the venue without nonsense, and let Jia Peng and Lin Hui sit in front of him to officially start.

"From May 2005, the stock market began to climb from the bottom of 998 points, and has now fluctuated around 5500 points, which consists of three steps. Facing the microphone, Jia Peng's tongue suddenly became better.

"The first major band was from December 2005 to July 2006, during which non-ferrous metal brokerages were mainly led, with more than 300 stocks doubling and more than 80 stocks rising by more than 200 percent. ”

"The second big wave was from August 2006 to May 2007, which officially opened the national stock speculation boom, the market rose, and retail investors went crazy. ”

"Stocks of various themes have taken turns, a large number of stocks have risen by more than 500 percent, and there have even been more than 30 crazy stocks with a continuous price limit......" Speaking of this, Jia Peng turned his head to look at Lin Hui, "I remember that you also intervened in it." ”

"Yes. Lin Hui smiled, "It's not a good thing from the perspective of the overall environment, it's crazy, but from the company's point of view, it's quite profitable." ”

After that, the state introduced relevant policies in an attempt to suppress the overheated market, but the effect was not satisfactory. Jia Peng sighed, "The third big fluctuation is from September 2007 to the present......"

"The third wave of gains has been more than five months, and the actual situation is quite dangerous, but the retail investors in China, who are now the democratic forces, are still crazy, and if you change the TV channel, you can see the so-called experts blowing the conch ......"

"The current situation is a bit like Thailand, Hong Kong and Malaysia before the Southeast Asian financial crisis. Lin Hui explained: "First hold high, then ......"

"It is impossible for the state to ignore it, and as we all know, China's stock market is very strongly regulated by the state's macroeconomic control. Jia Peng spread his hands and smiled bitterly, "In the second half of last year, I published two papers with a pessimistic outlook, and as a result, I was besieged by a group...... Later, the papers could not be published in newspapers and magazines, so they could only be published on the Zhongbo website. ”

"The most common means of the country's macroeconomic control of the stock market is to adjust the stamp duty. Jia Peng carefully explained: "According to my prediction, it is likely that the stamp duty rate will be adjusted after the year, and the current tax rate is 1%, and it is likely to be adjusted to 3% or 4%. ”

Feng Yiming nodded with satisfaction, about this big bull market, he didn't have much memory of his previous life, but he had heard his mother mention the famous midnight rooster crow.

In the early morning of May 30, 2007, the stamp duty rate on securities transactions was adjusted from 1% to 4%, but all the news channels, including domestic newspapers and periodicals, did not mention this important financial news that day, and it was broadcast by CCTV's 2 sets of "Economic News Network" at midnight.

The official announcement and official news broadcast were all selected in the early morning and midnight, which was also jokingly called "the rooster crows in the middle of the night".

This incident became an important turning point in China's bull market, after which although the market set a new record again, the trading volume and number of transactions fell repeatedly, and there was no previous indomitable momentum.

But in this life, he waited for more than a year, and found that the rooster did not appear in the middle of the night, so he obediently ...... Feng Yiming didn't know if Wei Mao didn't appear, but he was sure that looking at those crazy shareholders now, the rooster would eventually appear in the middle of the night, but at that time, the fund company might not be able to get out smoothly.

Besides, the hands and feet of the fund company are not very clean...... Manipulating countless unmanned accounts to operate this kind of thing, if it is poked out, it is also a big trouble.

So since the second half of last year, Feng Yiming has been very concerned about this, but there is no sufficient reason to persuade the old lady to stop, and after a long discussion with Zha Jianchi and others, he met Jia Peng, who is pessimistic about the stock market.

"But...... I remember that on New Year's Day, the Ministry of Finance swore that there was no plan to raise the stamp duty on securities transactions in the near future. Wu Zhen was a little skeptical.

"Do you really believe it?" Feng Yiming turned his head and smiled, why could he remember the rooster crow in the middle of the night, it was because his mother jumped to her feet and scolded the government for going back on her word in her previous life......

"In other words, after the Chinese New Year, the stock market is likely to have large-scale fluctuations?" Wu Zhen touched his nose, "too...... This big bull market lasted long enough. ”

"Take it when you see it. Dong Zhengyu interjected: "Besides, Feng Shao just used the fund company to earn some pocket money and pave the way by the way." ”

Jia Peng deliberately glanced at Feng Yiming, then glanced at Ren Hongyuan, and coughed lightly: "The reason why the paper I published before was besieged by a group is not just because of pessimism about the domestic stock market. ”

"Do you know about the subprime mortgage crisis in the United States?" Jia Peng explained, looking around, "This is a financial crisis that happened in the United States because mortgage lenders went bankrupt, investment funds were forced to close, and the stock market fluctuated violently. ”

"Since the 80s of the last century, the United States began to implement the so-called neoliberal economic policy, reducing government intervention in the financial market, promoting consumption to drive high growth, and encouraging people to eat food and consume wildly. Lin Hui plays the role of a commentator, "but advanced consumption in the promotion of production at the same time, but also brought serious side effects, a large number of people through borrowing ahead of consumption and even into the stock market, futures market speculation, the US government in this area of financial liberalization policy." ”

"Since April 2006, interest rates in the United States have been frequently raised, and the rental market has continued to cool, resulting in a large number of bad and dead debts in mortgage lenders, and even involving banks. ”

Except for Dong Zhengyu and Wei Jun, the rest of the people here didn't understand it, after all, everyone was really not good at this piece, Feng Yiming looked at the confused look in everyone's eyes, and said with a smile: "In other words, the United States has had a financial crisis since 2006?"

"It's just a financial turmoil for the time being. Jia Peng corrected: "But now that it has been more than a year, the situation in the United States is getting worse and worse, and once there is a collapse, it is likely that there will be a chain effect...... For China, the export growth rate will drop sharply, economic growth will slow down, the pressure on social employment will increase, and the domestic exchange rate risk and capital market risk will increase greatly. ”

"Causing a global financial crisis?" Dong Zhengyu is an insider, but a little incredulous, "Is there any relevant example?"

"No!" Jia Peng replied dryly, "Otherwise, there wouldn't be so many people spitting on me......

Feng Yiming took the mobile phone handed by Song Yi and glanced at it, his dark eyes rolled in his sockets, and said: "I can promise that Zhongbo.com will publish Professor Jia's paper in full and make a large recommendation, and I can recommend Professor Jia's paper to famous domestic financial magazines and newspapers through channels, and even international financial magazines." ”

Jia Peng's breathing suddenly became rough, he came to this conference today, on the one hand, he was indignant in his heart, and on the other hand, he also had the idea of publicizing the views of the paper through the Economic Research Institute, for people like him, what is more attractive to them than fame and fortune.

"Even the special report of CCTV's second set of financial channels ......" Feng Yiming said slowly, "but there are two conditions. ”

"First, please ask Professor Jia to accept the appointment of the chief consultant of Tianpeng Finance. ”

Jia Peng suppressed the excitement in his heart, and only nodded lightly to indicate that it was no problem.

"Second, when introducing the title, there must be the title of the mentor of the Economic Research Institute of Zhanxiong Group. ”

Jia Peng deliberately waited for a few seconds to make sure that the other party had finished speaking, and then nodded and said, "No problem, but I want to remind you that my papers have been criticized enough in the past few months......"

"No one will criticize you anymore. Feng Yiming smiled and flashed his phone.

Wu Zhen took the mobile phone and read it out word by word, "On February 12, 2008, the second largest mortgage lender in the United States, the American Home Mortgage Investment Corporation, officially filed for bankruptcy protection with the court, which is already the third large mortgage institution to file for bankruptcy since December 2007, and it is much bigger than the previous two. ”

"It is conceivable that after this news spreads, how people in the financial community will react......" Feng Yiming said with a smile: "Countless international investment banks and banks in various countries will announce the freezing of funds. ”

Jia Peng stood up excitedly, grabbed his mobile phone and looked at it carefully, "I'll go back immediately!"

"Why is this old man a little out of sight!"

Wu Zhengang muttered in a low voice, and Jia Peng's figure came back, and said to Lin Hui: "Send the letter of appointment back, and contact me for other things." ”

Wu Zhen spread his hands speechlessly, "Old Feng, what do you mean by making this fuss?"

"Anyway, my share in Tianpeng Financial has dropped significantly, and I have definitely stopped it. Wu Zhen asked puzzledly: "Does the economic crisis have anything to do with us?"

"How can it not matter?" Wei Jun shook his head, "Internet companies are burning the most money, and it is foreseeable that in the next year, there will be countless large and small IT companies in China that will close down." ”

"It's another cold snap in the IT industry. Dong Zhengyu muttered: "Fortunately, this time it is not the IT industry that is unlucky......

"In this regard, I have had a long communication with Dean Cha, and both Zhanxiong Group and Xinghai Technology can take this opportunity to make some fine-tuning of the strategic thinking in the future. Feng Yiming explained: "For example, the talent recruitment plan can be slightly delayed, and it is expected that there will be employment difficulties and a large number of layoffs in the middle of this year." ”

Wei Jun got up and made a summary, "This time I came to Yanjing, on the one hand, for the dividends of the fund company and the long-term strategic thinking after the establishment of Tianpeng Finance, and on the other hand, it is also to tell everyone that Zhanxiong Group should make a difference in this possible economic fluctuation, at least with the help of capital advantages to achieve the goals that could not be completed before." ”

"For example, Xinghai Technology has applied for patents from several companies in the United States and has been rejected, and now you can try again, for example, Kang Weiji, the president of the entertainment business group, has launched several acquisitions of Kuyo Video without success, and you can try again after a while. ”

"This meeting was held in Yanjing because it was to discuss Tianpeng Finance, and of course, this was also due to the inconvenience of transportation, when the South Korean plane to Ganghe City was stopped. Wei Jun turned his head and looked at Han Banqing, who was taking notes, "Go back and sort out the documents, and after I look at it, I will send it to the people involved in the meeting but who were not present." ”