Qian Jinguang continued to tell Yu Ming what happened next:

"After our Huaying Investment Company and Hengsheng Tourism withdrew, Shi Dingjun regretted that the investment in the company was a little less, compared to other real estate speculation army, the money earned was obviously not enough, Gou Shi originally planned to withdraw the principal and most of the profits, and finally under Shi Dingjun's suggestion, did not do so, and finally Kate Automobile only withdrew the principal and 50% of the profits, Tiantianfu Commercial Interlocking Co., Ltd. only withdrew the principal, and the rest of the profits of the two companies were all invested in Qiongnan Hengsheng Real Estate Co., Ltd.;

Although Cai Yuling's Hengsheng Tourism Company has withdrawn its investment, and Cai Yuling is no longer the legal representative, she is still appointed as the general manager of Qiongnan Hengsheng Real Estate Co., Ltd., and the monthly salary is set at 200,000 yuan according to the standard of professional managers;

The company's funds are not enough to buy a complete land, so it will buy real estate with all the funds, and then use the real estate as collateral to borrow 200 million yuan from the bank, continue to speculate on the house, ready to earn the final profit, before the end of the year all withdraw from the Qiongnan real estate market, plans to cancel Qiongnan Hengsheng Real Estate Co., Ltd. before the end of the year;

In the first month, Qiongnan Hengsheng Real Estate Co., Ltd. had a profit of nearly 30 million yuan in the capital account, and Gou Shi and Shi Dingjun also called me to say that I was timid and had lost a lot of income;

On June 24, 1993, the State Council of China promulgated the "Opinions on the Current Economic Situation and Strengthening Macroeconomic Regulation and Control," which contained a total of 16 articles, including a series of macroeconomic control measures, such as strictly controlling the total scale of credit, raising interest rates on deposits and loans and treasury bonds, recovering funds borrowed in violation of regulations within a time limit, reducing infrastructure investment, and cleaning up all projects under construction. This measure is almost fatal for the real estate industry in Qiongnan Province, resulting in the bursting of the real estate bubble in Qiongnan Province, and the rapid collapse of the real estate market.

Qiongnan Hengsheng Real Estate Co., Ltd. is naturally not spared, the current market value of the company's real estate is less than 300 million yuan, the company's registered capital is 300 million yuan, the loan is 200 million yuan, only four days later, the current book has lost 200 million yuan;

Now that the bank is chasing, and the company's real estate can't be sold, Gou Shi and Shi Dingjun are now anxious like ants on a hot pot, anxious to turn around;

As the general manager of the company, Cai Yuling could not sell the real estate, and was accused by Shi Dingjun, and in a fit of anger, she had resigned the day before yesterday, and the wages of the company's employees were not paid for a month, and Cai Yuling's salary of 200,000 yuan was not paid. ”

Yu Ming says:

"Investment is risky, this is Gou Shi and Shi Dingjun reaping the consequences, Kate Automobile is better, at least nearly 300 million funds have been withdrawn, and they have doubled their profits, although Tian Tianfu has withdrawn the principal, if you want to repay the loan, you will lose money in the end."

Qian Jinguang sighed and said:

"Originally, it was a good thing to invest in real estate in Qiongnan Province, but now there is a gap between several of our old friends for many years, and I am afraid that we will be strangers in the future."

Yu Ming says:

"The real estate crash in Qiongnan Province this time, the most unlucky people are probably the employees of those real estate companies, it is estimated that many bosses will run away in the future, and some will even run away, and most of the employees are estimated to not get a penny."

Qian Jinguang says:

"After this incident, Gou Shi admires you very much, brother, he is embarrassed to ask you in person, let me ask you on his behalf, what should he do next?"

Yu Ming says:

"To the current situation, it is estimated that the real estate market in Qiongnan Province will be difficult to recover in 10 years, and now the plan can only be made up, 36 plans, go up, Kate Motors can only admit compensation, with the early withdrawal of funds will belong to Kate Cars that part of the loan repaid, Qiongnan Hengsheng Real Estate Co., Ltd. gave Shi Dingjun's Tiantianfu without taking a penny, patted his ass and left, so that Kate Cars in general, there will be a small amount of profit, and it will not be impossible to pay the company badly."

Qian Jinguang says:

"I think this method is feasible, I will tell Gou Shi and persuade him."

Yu Ming says:

"Brother Qian, I want to initiate the establishment of a fund management company now, and I want you to help me get an idea."

Qian Jinguang asked:

"How did you remember to set up a fund management company?"

Yu Ming replied:

"I now have a large amount of funds, and it is no longer suitable for a person to operate air tickets, and I can't operate the position opening and clearance, so I need to hire a trader to operate, so I need to set up a fund management company to hire a trader."

Qian Jinguang asked:

"What type of fund management company do you plan to set up?"

Yu Ming says:

"I want to set up a closed-end securities investment fund management company."

Qian Jinguang says:

"A closed-end securities investment fund management company must have at least 300 shareholders, raise more than 200 million yuan, and go through the relevant licensing procedures, which is not easy!"

Yu Ming says:

"So I want to ask you, brother, as well as Sister Cai and Mr. Gou to help me!"

Qian Jinguang says:

"It is estimated that Gou Shi and Cai Yuling are not in the mood to help you now, I am also busy with the construction of the office space of the music company now, I can't get out, let go of the establishment of a fund management company, I will talk to Gou Shi and Cai Yuling, including Shi Dingjun, when the time is ripe, we will start this matter."

Qian Jinguang promised to help himself, Yu Ming was very happy, and said:

"Thank you Brother Qian for helping me, then according to my brother's intentions, the establishment of a fund management company will be put aside for a while."

……

Yu Ming suddenly became a lot more leisurely, in the morning as always, he practiced magic with Sevelia and Dai Liana, attended classes during the day, went to the construction site after the afternoon class, sometimes helped Qian Jinguang deal with some engineering matters, and guided Zhou Jilan and Li Ruozhu's stock trading methods in the evening, and unconsciously at the end of June, it was time for the school to have summer vacation again.

Zhou Jilan and Li Ruozhu planned to return to Xiangyang County during the holiday, Yu Ming vaguely felt that there was something wrong with letting Zhou Jilan and Li Ruozhu go back like this, and the source of this inappropriate feeling must be a matter of stock speculation.

Yu Ming decided to look at the stock market and then analyze the fundamentals and later movements of the stock market.

Friday, 25 June 1993.

The Kyoto Index closed at 1,043.28 points, down 34.50% from its closing point of 1,592.76 points on February 15.

Several stocks that were cleared in February fell by more than 30% on average.

Yu Ming then analyzed the fundamentals and later trends of the current stock market.

……