In late October, a lot of things happened on Mingzhu's side, the two most important of which were the beginning of the formation of the Pudong New Area, and the second was the visit of Li Jiazheng, secretary of the Jiangkou Municipal Party Committee.

The establishment of Pudong New Area is a long-term project, naturally there is no need to worry, it is serious is the visit of Jiangkou Municipal Party Secretary Li Jiazheng, which is of great significance, and this is also the first brother city leader to visit after Ye Ziping took charge of the pearl.

Although Jiangkou's status in the domestic political arena is not high, and the secretary of the municipal party committee is only at the vice provincial and ministerial level, Jiangkou, as the first special zone city, has a relatively large influence on the domestic economy.

Although the distance between Jiangkou City and Mingzhu City is quite large from the perspective of economic aggregate, some of Jiangkou City's concepts and practices, and the fighting spirit in the economic wave, are worth learning from Mingzhu City.

Especially at the juncture when Mingzhu City is about to develop and open up Pudong New Area on a large scale, the visit of Li Jiazheng, secretary of the Jiangkou Municipal Party Committee, is more interesting.

Strictly speaking, Li Jiazheng, secretary of the Jiangkou City CPC Committee, is a member of the same family as Comrade Fang He.

Although Ye Ziping represents the old Ye family, the relationship with Fang and comrades is also harmonious, so there are no other factors for Li Jiazheng's visit, just a normal interaction between the two cities, and at the same time some personal demands.

Zang Jiankai, deputy secretary of the Mingzhu Municipal Party Committee, personally greeted Li Jiazheng at the airport, and Mayor Feng Yuanguang also met with Li Jiazheng at the first time, and talked about the common progress and future cooperation between the two cities in the reform and opening up.

The visiting delegates from Eguchi City will stay in Mingzhu City for about three days.

After Ye Kai got the news, his first feeling was that Li Jiazheng must have asked for something, otherwise there was no need to come over at this time.

In the evening, Ye Kai's conjecture was confirmed from Ye Ziping's mouth.

"It's mainly for the stock market, the stock market over there has fallen sharply recently, Lao Li is here to ask for help, and he wants us to give him a tip and pull him." Ye Ziping said to Ye Kai.

"Oh, I'll just say, nothing to do but go to the Three Treasures Palace." Ye Kai nodded and said.

Speaking of the stock market in the morning, Ye Kai also thinks it is very interesting, not so much that this is a set of immature capital market trading rules, it is better to say that children play home, the rules of the securities market can be described as three changes a day, you don't know what the limit is tomorrow.

Of course, although the stock market is chaotic, it is true that you can make money and lose money.

Since last year, Eguchi City's stations, main streets, vegetable markets, and docks have ...... There are black market stock stalls everywhere.

You don't need to go to the counter to trade at all, you can buy directly at the station, and then go to the dock to sell, and speculate on the difference between the streets and alleys. The rich big families didn't toss for a few days, and they used more than 20,000 yuan a big brother. The price of stocks on the black market can be twice as high as the price over the counter.

The situation was not alleviated until May last year, when the city issued a proclamation to "resolutely ban illegal over-the-counter trading activities", and immediately afterwards, the city introduced a daily limit system of no more than 10%.

Although the black market has been curbed, the stock price has continued to rise.

In contrast, the stock market on the Pearl side is deserted, and the Jing'an Index (the index of stock trading institutions before the official establishment of the Pearl Stock Exchange) fell below 100 points, which is very bleak.

There is also a reason for this, it does not mean that the people of Zhuhai City have no money in their hands, but most of the shareholders in Mingzhu City use stocks as bank fixed deposit receipts and collect them when they buy them, so there are few transactions over the counter in Jing'an.

The performance of the old eight stocks in Pearl City is not bad, but the Jing'an index has been changing within 100 points ± 20% for a long time. The price-to-earnings ratio of stocks is between 5~15 times, and the price-to-book ratio is about 1 times, so stocks are relatively cheap.

Because of this situation, a large number of Jiangkou stockholders have come to Mingzhu City, calling themselves the "Northern Expeditionary Army", saying that they want to teach Mingzhu people how to speculate in stocks.

At that time, the largest stock on the Shanghai Stock Exchange was electric vacuum, and the face value of 100 yuan electric vacuum was only 91.5 yuan at that time. Because it always issues additional shares, the shareholders of Pearl City hate it.

However, the "Northern Expeditionary Army" used it as a leader to speculate, and under the impetus of the "Northern Expedition" shareholders, the electric vacuum was soon hyped above face value.

The Jing'an Index hit a new high of 123 points in one go, which shocked the shareholders of Pearl City.

At that time, the management of the People's Bank of China, the Pearl City Branch of the Financial Management Office, felt that the stock market was too hot, so it launched a price limit system - the price increase and fall was 3%. At this time, the shareholders who withdrew from the black market trading in Jiangkou City joined the "Northern Expedition" team one after another. Even with the limit limit, the Jing'an index still climbed 200 points, and a month later it reached 300 points.

The electric vacuum started at 92 yuan and rose to 500 yuan. Yuyuan, which has a face value of 100 yuan, has been speculated to more than 400 yuan in just two months under the restriction of the price limit. The over-the-counter black market price is even more amazing, reaching 1,000 yuan per share.

Other stocks have risen even more impressively. Xiaofeile, with a face value of 50 yuan, was fried to 382 yuan, and Shenhua, with a face value of 10 yuan, was fried to 329 yuan.

By the time the investors in Pearl City woke up, it was too late, and many had to go to the sidelines to buy stocks that were sold at low prices.

The sharp rise in stocks has also brought many problems, and in Jiangkou City, because the stock prices have not stopped rising and the risks are extremely high, the government has to issue a document asking party and government cadres to take the lead in selling stocks.

By the end of last year, however, the situation had reversed.

The stock market in Jiangkou City has fallen sharply, and the stock market in Mingzhu is better, because the upward momentum has not been fully released, so the performance is firm. In order to weaken the decline, Eguchi City has done a lot of work, but it still cannot stop the market from falling.

Due to the repeated adjustment of the price limit limit could not take effect, the management of the Jiangkou stock market finally decided to gradually relax the price limit and let the market mechanism adjust itself.

However, on the day of the price limit, Jiangkou Development fell 41.6% within an hour of opening, falling below the directional issue price of 15.6 yuan, and fell to 13.4 yuan a few days later, knowing that a few months ago, its share price used to be more than 170 yuan.

The plunge in the stock market of Jiangkou City finally alarmed the city leaders.

Li Jiazheng, secretary of the Jiangkou Municipal Party Committee, said that he wanted enterprises to pay money to save the market, but at first few enterprises were willing, and later the CEO of Jiangkou Development said that he hoped to buy back his own shares, which made many people believe that Jiangkou Development had fallen very valuable, so he raised 200 million yuan in rescue funds.

However, compared with the plummeting stock market, the investment of 200 million yuan has not seen much effect.

Therefore, Secretary Li Jiazheng urgently went north and came to Mingzhu City, hoping that Ye Ziping could take action to rescue the Jiangkou stock market.

"Far water can't quench the thirst of the near, what good can I do? Besides, now Pearl City wants to develop Pudong New Area, just to raise money, and we don't have any money in our hands! Ye Ziping told Ye Kai that there was nothing he could do about it.

Ye Kai really pondered for a while, touched his chin and said to his father Ye Ziping, "Actually, there is still a lot of money." ”

"Oh?" Ye Ziping was stunned when he heard this, and he didn't know what Ye Kai was referring to?

"The money is in the hands of the people." Ye Kai said with a smile, "If the policy is relaxed, so that the people of Mingzhu City can speculate on the stocks of Jiangkou City, this problem should be easily solved." ”

Ye Ziping listened to it and felt that there was some truth.

The reason why the stock market in Jiangkou City has fallen again and again is mainly because the locals have no confidence in the stock market, and the outsiders cannot speculate.

"But there's a catch." Ye Ziping thought of another thing, "Mingzhu City already has a stock market, why should shareholders go far and far to speculate on the stocks of Jiangkou City, which they are not familiar with?" ”

Ye Ziping's question is also very reasonable, after all, everyone likes to fight at home, and they always feel unsteady when they go to areas they are not familiar with to make money.

"It's very simple, the price is advantageous." Ye Kai replied with a smile, seeing that his father Ye Ziping was at a loss, he explained to him, "Jiangkou's stocks are cheap, a few yuan or more than ten yuan a share, and Mingzhu's stocks are expensive, hundreds of yuan or thousands of yuan a share. ”

"That's not the case, is it?" Although Ye Ziping does not speculate in stocks, he still knows some of the basic situation, "The face value of stocks in Jiangkou City is one yuan per share, and the face value of Mingzhu's stocks ranges from ten to one hundred yuan, which is not easy to compare." ”

"Investors don't care about that, they just think it looks cheap." Ye Kai replied.

"Are you sure it will work?" Ye Ziping asked.

"It definitely works, when did I say nonsense?" Ye Kai replied.

The next day, Ye Ziping, member of the Central Political Bureau and secretary of the Mingzhu City CPC Committee, met with Li Jiazheng, secretary of the Jiangkou City CPC Committee, and the two sides held good consultations on economic and trade cooperation between Mingzhu City and Jiangkou City, and exchanged views on vigorously promoting the cause of reform and opening up.

The two sides issued a statement in front of the media that Mingzhu City will learn from Jiangkou City's advanced experience and promote the construction of Pudong New Area, and Jiangkou City will also cooperate closely with Mingzhu City to carry out all-round good and mutual assistance activities.

After the press conference, the two sides jointly announced a new decision, starting next month, Jiangkou City's stocks will be listed on the Pearl City securities market for trading.

After the news broke, the stock index of Jiangkou City rebounded slightly, and finally stopped the decline for many days at the end of the day, closing in a small red market.

"Look, I'll just say that it will definitely have an effect, and the market's reaction is the most real." When Ye Kai was watching the news at night, he said to Ye Ziping with a smile.

"." Ye Ziping snorted and said, "That's Jiangkou City's bailout funds have entered the market!" ”

(To be continued)