readx;?” His name is the head of the finance department of Pengli New Aviation Group. Pen × fun × Pavilion www. ｂｉｑｕｇｅ。 ｉｎｆｏ/。 qΒ5。 \\ When all kinds of obscenities are reorganized, if they are not dealt with, then I don't know how many banes will be buried in the future, which will corrode and erode from the inside into a bad atmosphere. In the group company where unspoken rules are rampant, presumably Dad, you won't really feel at ease Su Can's intimidation of Minister Peng was not just a bluff, and at this time, he called his father to tell him the ins and outs of the whole incident.

Su Licheng, who was in the study on the other end of the phone, groaned, and said, "If this matter is indeed true, it must be investigated, and I will reflect on this matter, and then it will be handled according to the regular procedures." ”

"It's useless, Dad, only you make a public statement. Perhaps there is the determination to investigate this matter thoroughly, Wu Shimiao and her colleagues can't form a testimony, her crew colleagues, the people present at the time may not dare to provide evidence, only Su Licheng put on an intervention posture, Wu Shimiao's crew colleagues may not be shy about Mo Shen and not be disturbed.

"Su Can, you also know that this is the cusp of the internal restructuring of the aviation group, and stability is paramount. Some things that don't need to set off storms are best handled in a low-key manner, otherwise they will give others the feeling that we are here to eat other people's companies. Coupled with the speculation of the outside world, to a certain extent, it will affect the newly established airline Su Licheng Shen Caidao, but also to his sensible son, Su Licheng said so bluntly, Tiannan Airlines, which is invested by Dawu Construction Engineering, as a major state-owned shareholder, will have relative control over Sichuan South Airlines and gradually reveal a huge influence. At present, the board of directors of the aviation group is desperately trying to ensure their vested interests, but this is a step-by-step expansion and closing process, which should be slowly planned. From the small to the point, the water comes naturally. If only in this. The port is moving, will the strength of Darong Construction cause a rebound?

Formal procedures. There is no threat to people of Peng Lixin's level at all, and with his obscenity in the aviation group for so many years, it is easy to suppress these turmoil.

"Dad, if I say that there is a problem with this Zhanglixin. Do you believe it or not? ”

"This kid, what you say, what does Dad not believe, how can there be no problem? Of course, I've seen some of the inside materials I've gotten through them, but this one is more deeply involved. And he didn't leave any tail of his own. Some things are not good to evaluate. ”

"What inside information? Is there a widespread situation of "tripartite financial management" in the aviation group, and the main contact is Peng Lixin? ”

Su Licheng has long been surprised by Su Can's ability to break through the key points in this sentence of studying at Nanda University, Su Licheng got the financial statements of South Sichuan Airlines has a clear record, because of the characteristics of the industry and has abundant cash flow of South Sichuan Airlines Group, has always had the internal need to revitalize funds, as early as 99 years and 01 years, the aviation group is mainly a financial company, year by year to expand the scale of entrusted financial management, actively seek capital appreciation, and greatly increase the number of stocks. Funds, investments in bonds. Its common modus operandi. It was only later that it became widely known as a three-way financial management that opened the door to certain billionaires with secret sources of funds.

Tripartite wealth management is not only a tripartite agreement between the group's finance and the "market predator" securities dealer with an energetic background.

Getting a positive answer from his father's mouth, then Su Can can further promote and confirm his reasoning that he saw Zhan Hua and Zhang Li's new contact in the first place.

Obviously, the Sichuan South Airlines Group is regarded as a huge source of capital pool for some predators, and the most common way for these huge funds is to avoid portfolio investment, mobilize and concentrate on large-cap stocks, concentrate funds to fight the war of annihilation, and then lead countless small fish to scatter.

Behind this, there must be the domestic capital predator Su Can saw in the bar who has been promoted to the master-level Zhan incarnation.

Su Can's knowledge of the past is limited, but Nanda is indeed a treasure trove, and the things learned and enriched here make it almost easy for Su Can to make some judgments, because it is only the one before being reborn. From the perspective of ordinary people, so Su Can can only dig out valuable clues in his mind, and the South Sichuan Airlines Group should have been reorganized at about this time in later generations, and there will not be much difference in age, but this reorganization is led by the Chengdu Municipal Party Committee and Municipal Government, so Dage Construction Engineering intervened.

That is to say, Su Can is inevitably subjective in between, thinking that after the vertical formation led by Dajie Construction Engineering and the Rongcheng Mai Municipal Government, South Sichuan Airlines may be able to change the situation of huge losses and even commissions in the future.

And in fact, it's not just that this happens. And it's bound to happen!

At that time, the South Sichuan Airlines Group will be plunged into scandals, all kinds of unspoken rules are frequent, and even a flight attendant was absconded and killed in succession. The most important thing is that the Rongcheng Municipal Party Committee and Municipal Government, which are leading this matter, are inseparable from Dajie Construction, which will inevitably add a dark color to Wang Bo's political career, and his father Su Licheng will also inevitably make mistakes in decision-making because of this incident, and may even trigger the intervention of the board of directors of Dage Construction Engineering and the higher-level regulators.

Judging from the current situation, if Sichuan South Airlines continues to lose money in the future, the large construction workers will at least be involved in this black hole, it is difficult to get out, and the most important thing is the huge loss of state-owned assets, which is by no means optimistic news for Su Licheng, who is currently in the position of general manager of Big Oak Construction Engineering.

The reason for all this is that, in addition to the chaotic and unhealthy atmosphere of the management team of the aviation group, the aviation group is not reviving its main business and not actively improving its institutional structure. On the contrary, the consequences of using funds to actively seek "capital operation" are among them.

The most critical question is that this is a concept. Problems caused by the conceptual system of the management team of an entire aviation group.

Su Licheng stopped Su Can's series of explanations. finally groaned, "Then you saw Zhan Hua and Peng Lixin in contact." There are two keys in this, Hantang Securities and Century Securities have always been the securities dealers contacted by Minister Peng's leading capital business, two, the securities network and the "China Southern Airlines Group Bushi Company is also two billion Bu Fan, Zhenhu is Zhan Hua behind it, this stroke is very likely,

According to Su Licheng, the main contacts of the South Sichuan Airlines Group with specific agreements are the two major securities dealers.

The first is Hantang Securities, and the second is Century Securities.

Zhan Hua's figure can be seen behind the two major securities dealers, Su Can immediately felt the energy of Zhan Hua's long-sleeved dancing through this tube, this person is known as the master of capital in the Yangtze River Delta region, and the generation of people in the era of capital is king, and there must be a reason for his arrogance.

Zhan Hua is a master of capital operation, but it does not mean that he can be right every time, and he has more tentacles, and he can be ruthless at the critical moment to save his body. It is really extremely undesirable for airlines to lend their internal funds to securities dealers to act as agents for financial management, and to expand the stock market and make a profit in the secondary market.

Su Can then intercepted the data of the fund's heavy stocks in 00 and 01 years, and then built a sample research variable according to the economic dynamic panel data he learned.

This process is not complicated, in fact, it is as easy as bringing in mathematical formulas and theories, but it takes some time to build a model.

For this reason, Su Can also read some related economics books that may only be exposed to in his sophomore and junior years. The price paid was that in the next week, Su Can went deep into the library every day, and then downloaded some heavy stock data reports from the wealth management network through the Internet to study the impact of changes in the heavy holdings of the two major securities dealers of Hantang and Century on the volatility of stock prices.

In the eyes of others, Su Can almost got into the library except for some lessons to escape, and even Tang Yan's roommate praised Su Can's diligence recently.

So with a side effect, even a few girls asked Tang Yu to go to the library for an afternoon of leisurely soak in the afternoon, and this behavior directly increased the number of people in the library lobby than usual, looking at the group of girls with a light smile. Most of the boys are dizzy and can't figure anything out. The model set by Su Can is a bit cumbersome, but for Su Can, the whole is no less than doing an economic paper with two or three people as a topic. It's like the topics assigned by professors at the end of each semester.

However, with the ratio of Su Can's 3 tun, this kind of two-person or three-person subject can be barely won by him alone. This sought some Tang Yu's shortcomings and fills in the gaps, although the things established are a bit simple, and to pass the level of the professor of Nanda, you have to add and subtract some things in depth to support the theory, but for Su Can, although it is a skeleton, it is clear at a glance.

So the next steps are relatively simple. In front of those high-achieving students of economics at NTU, he could also understand his intentions, if Tang Yu came to do it herself, Su Can estimated that the model she made was more streamlined but more delicate than herself.

Su Can subdivided the intercepted sample into the number of funds held by the fund, the return on stocks, and the proportion of fund holdings. Stock turnover rate, quarterly shareholding change, market capitalization, and stock price volatility. Then, through the regression coefficient of the explanatory variable, the regression coefficient of the number of funds held by the fund is negative. That is to say, under the condition of controlling for all other variables, increasing the fund's holdings does not have an obvious effect on diversifying the risk of equity fluctuations.

The change in quarterly shareholding has a positive relationship with the price fluctuation of stocks, indicating that even in a bull market. The fund's heavy holdings not only fail to stabilize the stock price, but also exacerbate the volatility of the stock market. This shows that the operation of securities investment funds is not standardized, and there is still a certain "herd effect"

So to further prove the blindness of investment and the generation of bubbles, Su Can used the existing knowledge theory learned at NTU, combined with the sporadic memories and experiences of later generations, so a theory that may shake the entire economic community, or may scoff at the academic confrontation between scholars and experts of various schools, is placed in front of him.

If the current two major securities dealers are used as the general benchmark, the securities dealers take the initiative to raise funds at high costs. The investment behavior of heavy holdings. It is tantamount to drinking water to quench thirst, and after that, it will follow the general trend step by step

The stock market, when the market crashes in '03 or '04, will undoubtedly dismantle all illusions of the participants in this food chain.

Under such circumstances, it is not impossible for an aviation group that has been alienated from its main business of aviation operations and attributed the improvement of its financial situation to capital operation to a situation of huge losses.

When Su Can provided this conclusion to Su Licheng. Su Licheng proposed at the board meeting. The airline group was asked to explain why the deposits of the finance company had plummeted in 01 year, whether there were any financial management loopholes, and whether there was a "demolition of the east wall." Mending the Western Wall"? It caused a shock, "One-third of the independent directors of the board of directors of China Southern Airlines Group, none of them know the fact of the group's internal financial failure, and they can know how powerful Su Licheng's words are."

In this aviation group many high-level have opinions, Minister Peng is "high-level trust, big deal resignation" as a threat, this move to retreat into advance is indeed effective, triggered a major collision of several forces, but also let the group vaguely spread to clean the rights and interests of old cadres can not protect the statement that people are worried, some captain groups are planning to grounding strikes as a threat.

Until this step, Su Licheng and Su Can also knew it. Peng Lixin is just one of the nodes, and the depth of the various roads involved in it is dominated by the Dage Construction Engineering and the Municipal Party Committee and Municipal Government. It is not necessarily possible to move some of the huge forces behind this.

Peng Lixin is like a frightened bird, but he is also desperate. Determined that under the protection of the big guy, Su Licheng couldn't move the mentality of an old man like him.

The situation is at a stalemate. Cooking with gas.

The first update arrived, and it was quite early. Have a good new month.

The latest full book: 、、、、、、、、、、