Chapter 505: The Biggest Winner
Finished!
This was the first thought that flashed through Sun Zhenjiang's mind after hearing these words on TV.
As a speculator, he is well aware of the situation in the market as a whole, as well as the psychology of buyers and sellers in the market. The Planning Commission 6 continued to put more than 2ooo tons of steel on the market, trapping all the funds of all speculators, and suddenly announced price restrictions at this time, and at the same time threatened to sell another 5oo0,000 tons of steel, which was equivalent to a hard kick on everyone's already shaky confidence, and speculators such as Liang Zhaohui and Ling Yiping would definitely collapse.
As a matter of fact, it does not matter whether the Planning Commission has 50,000 tons of steel in its hands or not, as long as it can come up with several hundred thousand tons of steel to survive the initial wait-and-see period in the market, speculative businessmen will be unable to stop shipping and reverse the relationship between supply and demand in the market in one fell swoop. At such a time, it would be useless for him and Pittston to say anything, and the only effect was to provoke Liang Zhaohui and their anger against him.
"Didn't your country say that it would liberalize the control of steel supply and marketing, why has it changed now? What is the difference between these policies announced by the Planning Commission and the previous controls? Pittston grabbed Sun Zhenjiang and yelled in annoyance.
Sun Zhenjiang said with a crying and laughing expression on his face: "Pittston, you still don't understand? China is not the United States, nor is it a South American country, China has a strong government, and no one can play with the government. It is true that the Chinese government has said that it will deregulate supply and marketing, but it has not said that it can no longer take back this power. Our mistake is to underestimate this government, if we hadn't played so big, it wouldn't have made such a killer move. ”
"No, I have to sell the hoarded steel right now, there is only a maximum demand of 1ooo tons in the market, if we sell it late. Even if you can't throw it down at a lower price, it's really over! Pittston threw Sun Zhenjiang down, rushed back to his computer, and began to crackle and tap on the keyboard, then picked up the phone and began to whisper instructions to dump goods.
Sun Zhenjiang naturally understands this. He grabbed his eldest brother and gave orders to his ponies like crazy, telling them to sell all the steel stored in the warehouses at any cost, and that the price could be done.
In fact, Sun Zhenjiang and Pittston were already walking a tightrope when they were laying out this game. They use hoarding to exacerbate the tension between supply and demand in the market, causing prices to climb continuously. However, due to the large amount of steel thrown out by the Planning Commission before and after, the amount of steel they have unknowingly hoarded has far exceeded the amount of steel in demand. That is, even if the market price rises to a high of 45oo yuan as they would like. It is also impossible for them to sell all the steel at this price, and the steel that meets the needs of users will be pressed on their hands.
Sun Zhenjiang and Pittston's wishful thinking was to coax other speculators to continue to stock up and secretly ship goods to get out. What they didn't expect was that the Planning Commission would actually make such a move, directly breaking the situation through a televised speech, so that Sun Zhenjiang and the others would not have a buffer time at all.
At this time, all they can do is to get rid of the goods quickly. Put the steel hoarded with 3ooo more than one ton per ton. Sell it at a price of 25oo yuan per ton and return the funds. In later terminology, this was called "cutting meat." Knowing that cutting meat is a very painful thing, but what choice do they have, if they don't get rid of it at this time, when the market is saturated, they can't sell it if they want to. That's even worse.
Steel in the warehouse, not only can not increase in value, but also consume a lot of storage costs, and the occupied funds have to generate high interest every moment, which is simply called blunt knife pulling meat.
When there is a lot of mourning in the speculative business circle. A new piece of news made their situation even worse: Daqin Group announced that it would spend 1oo0 million yuan to build a new steel plant with an annual output of 1ooo tons in Haidong Province. If this steel plant is put into operation, the country's steel production capacity will increase by 15%, which will greatly alleviate the tight supply and demand of steel across the country. Coupled with the news of steel investment in some other places, speculators know that the possibility of further increases in steel prices has completely disappeared. For a time, the trend of selling off steel stocks swept the country, and the price of steel once fell to a low level of less than 2ooo yuan per ton, so that the Planning Commission had to order the material departments in various localities to purchase steel in order to protect the profits of steel mills.
"As far as I know, the money that your group used to build a new steel plant is all earned by you from speculating in steel this time, and you are the biggest winner of this incident." Wang Hongsheng said enviously to Qin Hai, who came to report to work, in his office.
"Director Wang wronged me, I am clearly acting on orders and worrying about the country, how can there be any such thing as frying steel?" Qin Hai denied it with a smile.
Wang Hongsheng said: "You dare to say that you didn't make any money this time? ”
"Well, it's just a little bit of money by the way, which is also in line with the saying that good intentions are rewarded." Qin Hai said.
Sun Zhenjiang and the Jie Zi Fund speculated on the steel market, and the steel price was speculated to a maximum of 38oo yuan per ton. They mistakenly thought that what they had eaten was the reserve steel of the Planning Commission, but they did not know that it was all steel imported from abroad by Qin Haitong Guò Chunshan Company and Leonardo of Spain. The price of steel in the international market is only more than 3oo US dollars per ton, which is converted into 16oo yuan. Qin Hai sold it at an average price of 3ooo yuan per ton, which was half of the profit.
In order to help the Planning Commission stabilize steel prices, Qinhai imported more than 1ooo tons of steel before and after, and the profit earned reached more than 1oo00 million yuan. These money are all the money of speculative businessmen, including the money sent in by the intermediary fund through the underground channels of guò, and Qin Hai has no psychological pressure to make such money.
Of course, not everyone has the ability to make such money. At that time, Qin Hai was not the only one who saw the difference in steel prices between the two markets at home and abroad, and many people thought about importing some steel from abroad to sell in the domestic market in order to make a profit. The key is that only Qinhai can obtain seller's credit provided by foreign steel companies, so as to have enough foreign exchange to realize steel imports. Even Wang Hongsheng, who is the vice chairman of the State Planning Commission, is powerless to do such business in his capacity as a member of the Planning Commission.
"Xiao Qin, do you know that there is a lot of discussion about the money made by your Daqin Group." Wang Hongsheng said.
"What discussion?" Qin Hai asked disappreciatively.
Wang Hongsheng said: "Some leading comrades believe that the money you have earned is taking advantage of loopholes in state policies and has elements of buying and selling, and that it is illegal income and should be nationalized. ”
"Won't it?" Qin Hai's eyes widened, "Do you guys count this as unloading the mill and killing the donkey?" If we hadn't imported the 1ooo tons of steel, the meson fund would have succeeded, and the economic order of the entire country would have been disrupted. I have been allowed to import steel by the Planning Commission, to put it mildly, is it your Director Wang who is crying and shouting and begging me to import? ”
"When did I cry and shout?" Wang Hongsheng corrected depressedly.
"Did you ask me to do that?" Qin Hai asked reluctantly, when it comes to tens of billions of yuan, he will not compromise, not to mention, the discussions that Wang Hongsheng said are really chilling.
Wang Hongsheng nodded and said: "It is true that the Planning Commission asked you to do this, and the Planning Commission will not repay the debt." ”
"That's right." Qin Haidao, "At that time, the chief director also said that he would give us credit after the matter was completed, but now it's just a matter of not remembering the credit, and it's really unreasonable to think about the little money we earned." ”
Wang Hongsheng said: "Actually, everyone just put forward an idea, and they didn't really want to take away your money." You don't know, this time the steel market, the country's loss is also very large, the current preliminary calculation results, the total loss may be more than 5o billion yuan. Because of this, some comrades have built your Daqin group to help the country make up for these shortfalls. ”
"How can the state have a loss?" Qin Hai was surprised, "The original reserve steel in the hands of the Planning Commission was also sold at a high price, and it also earned a lot of price difference, so it should be profitable, right?" ”
Wang Hongsheng said: "You don't know, this time the country's speculative businessmen used to speculate on steel funds, as high as more than 6oo yuan, of which more than half of the funds are bank loans." Now the steel they have hoarded is all trapped, and they can't make a sale, and even if they do, the value will shrink greatly. In this way, we estimate that a large number of bank loans may become bad debts, and this is the loss borne by the state. ”
Only then did Qin Hai understand, he shrugged his shoulders and said: "Recover, whoever borrowed the money will directly seal the account and confiscate all the steel in stock." In addition, for those bank cadres who lend money to speculators in violation of regulations, one will be counted as one, and all of them will be arrested. This kind of thing should be able to be done by the state, right? To use the money earned by my small business to make up for this bad debt for the state, is it also a shame for you officials? ”
Wang Hongsheng laughed angrily at Qin Hai's words, and he reprimanded: "Xiao Qin, how did you speak!" The matter of recovering loans has now been started, and Xiao Weihao and they have also intervened, and it is said that more than a dozen speculators who are ready to abscond with the money have been arrested, and as for the bank cadres who have illegally lent money, they have also been charged with dozens of them.
As for using your money to make up for these bad debts, it is only an idea put forward by a few comrades, and this proposal has been rejected by the central leadership. The central leaders said that the Daqin Group has a high political consciousness and strong management ability in this incident, and it is a meritorious minister and should be commended. As for the money earned by the Daqin Group, this is the income of legal operations, and it is all from speculative businessmen, and it does not harm the interests of the state, and no unit is allowed to touch it. ”
When Qin Hai heard this, he was relieved. He smiled and said: "Haha, since the central leader said that we are meritorious ministers, then the minister will thank Lord Longen." ”
Speaking of which, he also imitated the scene in the costume TV series and made a gesture of kneeling and bowing to each other, which made Wang Hongsheng cry and laugh again. (To be continued!)
ps: Recommend this magical book, "Return to Truth", Xiuzhen novel, the author is said to be a professional Taoist priest with advanced Taoism, with the real cultivation method of Neidanshu, you can take a look if you are interested
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