Chapter 204: Punishment?
"Not necessarily." Zhao Liutian smiled indifferently.
"What's your solution?" Lin Shi asked curiously, "The most important thing is to ask someone to help us publicize, and we must get enough real negative news, even the slightest mistake may lead to the failure of the entire short selling plan." ”
"Of course I know what you're talking about." Zhao Liutian paused for a moment, and then said: "If the company wants us to enter the top fifty in Huaxia, then they will definitely help us at all costs." ”
Lin Shi suddenly laughed, adding a touch of warmth to this warm-colored hall, "Actually, when I heard you say, I guessed that you would say that." Lin Shi said, "Let's say the company will help us at all costs, but how do we get enough bad news?" That's the most important thing. ”
Zhao Liutian first rubbed his hands, and after turning on the heating of the air conditioner with the remote control, he said slowly: "There is a lot of news, but we have to verify them one by one." ”
"Reliable information? Reliable source? ”
"The source is an informant who has been in contact with me for a long time, he has provided me with a lot of valuable information, and we have been working together for a long time, so you don't need to worry too much about credibility or anything."
"What news have you gotten so far?"
"There are some, but I'm not sure." Zhao Liutian muttered, "Even if the information provided is valuable, it can't be fully used by us. ”
"Why?" Lin Shi frowned and asked, "It stands to reason that a valuable piece of information is equivalent to profit to a certain extent. ”
"You're still too young after all, and there are some things you don't know much about in the capital market." Zhao Liutian shook his head slightly, and then explained to Lin Shi, "In the capital market, a good piece of information may become the basis for the stock to fall, which mainly depends on the situation, timing and the background of the stock market at that time, not every valuable information will play a certain role." ”
"Can you give an example?" Lin Shi asked again.
"Yes." Zhao Liutian paused for a moment, and after organizing the language, he spoke: "For example, you have evidence of financial fraud in a listed company, and you publish it, but before you release it, the company has already arranged all the people who tampered with the financial statements, and filled in all the holes before the financial statements, even if the experts look at their financial reports, they still can't see any clues." ”
"There are some traces of financial fraud, right? Even if they can fill all the previous pitfalls, they can't fool all the investors, right? Lin Shi said, "And even if they can deceive investors, some shrewd fund managers still can't deceive them." ”
"How many stocks are there in the entire China Securities Stock Market?" When Zhao Liutian asked Lin, Lin Shi replied after a slight thought: "There are a total of 4,329 stocks." ”
"If you want to know the truth, then I will tell you the truth, more than 4,300 stocks have problems with 40% of their financial reports, some falsify financial reports, some indirectly hollow out listed companies, and some directly spend money to get the audit company to sign their names, as long as they can make enough profits, those capitalists can do anything."
The figure of 40% instantly set off a storm in Lin Shi's mind, what kind of concept is this? More than 1,700 listed companies have problems with their financial reports!
"That number seems unlikely, doesn't it? If so many listed companies have problems with their financial reports, how did they go public? Lin Shi asked Zhao Liutian with doubts.
Zhao Liutian seemed to be a little thirsty after saying so much, he unscrewed a bottle of mineral water, and then took a sip, and after screwing the lid back, he answered Lin Shi's question, "Anything you imagine is as dark as half the financial circle." Zhao Liutian's eyes rolled, as if he was recalling something, "I used to know the boss of a listed company, when his stock was still on the New Third Board, and his company had two sets of financial reports, one for dealing with bureaucrats and the public, and one for internal financial reports. ”
"At that time, his financial results were not generally good, even if the profit growth was comparable to that of some blue-chip stocks, it was not too much." Zhao Liutian continued, "However, in the second year of his company's official listing, the financial report lost 56-73% in one quarter, and some financial loopholes and problems were exposed at once. ”
"Then the government is still quite effective, at least this kind of pseudo-listed company that relies on relationships to get to the top has been severely punished." Lin Shi nodded and said, "Did the boss pay any fines?" ”
"Of course the ticket was issued, 800,000."
"Why is Huaxia's punishment for financial fraud so low?" Lin Shi frowned, but he had heard Jack talk about the securities laws of the United States before, if the financial fraud, the fine would be hundreds of millions of dollars, and if it caused a major impact and turmoil in the society, it was possible to sit through the prison, compared with Huaxia, the severe punishment in the United States is simply insignificant.
"I can't say that the interests, relationships, and games of many capitalists involved in this will annihilate me as a small trader if I am not careful." Zhao Liutian shook his head, seemingly unwilling to talk to Lin Shi about this issue more, "I can only say one thing to you, there are no eternal enemies, only eternal interests, you can understand for yourself what the reason is." ”
"What happened to the boss of the listed company that was delisted?" Lin Shi is more curious about what will happen to such a person after committing a crime, which will also have some impact on the people who follow, and if the punishment is in place, it will also serve as a warning to others.
"Huh...... Then it's funny. Zhao Liutian chuckled and said, "Twenty years ago, he was just the owner of a food stall, he had to bow his head everywhere when he met people, his wife disliked him, and his family said that he was not motivated and did not work hard. Ten years ago, he became the boss of a company on the new third board, worth millions, well-known in the local area, a lot of luxury cars and mansions, and his children went to aristocratic schools, eight years ago, his company went public, his net worth jumped to tens of billions, and he was highly respected in the local area, everyone admired, and even some business schools invited him to give speeches, and civilians regarded his deeds as legends! Six years ago, his company was exposed to financial fraud, and everyone shouted and beat him like a rat crossing the street, and then he was forced to delist by the BOSS, and ironically, in the year his company was delisted, he took the 4 billion cashed out in the capital market and went to the United States to live happily. ”
"This ......" Lin Shi suddenly couldn't say a word at this moment, cashing out 4 billion in the capital market, but only having to pay a fine of 800,000? The punishment mechanism is not very powerful, at least the efforts to curb crime are too small, so that the cost of crime is far less than the benefits of crime, if this is known by criminals, then the crime rate will rise even higher?
"Don't be surprised, similar to this story, I'll tell you one a day and talk about it until next year, Huaxia has a low law for committing crimes in the securities market, which makes people laugh, and there are pirated novels, pirated CDs, and pirated online movies, what's the use of fining hundreds of thousands? If you kill one, a hundred will pop up, and if you want me to say, the crime will be punished until he goes bankrupt, and if he can't pay the money, he will go to jail, and I promise that no one will dare to engage in this business within three years. Zhao Liutian said angrily, as if he was talking about an unjust case that had not been rehabilitated.
"Didn't you hear a national joke before?" Lin Shi said with a smile, "The international military exhibition prohibits military experts from Huaxia from entering, because military experts know exactly how this thing is made, and then immediately go back and make a similar one." ”
Zhao Liutian was immediately amused when he heard Lin Shi's words, it was the first time he had heard such a joke. "Although I don't know if the joke is true. Zhao Liutian paused, and then said: "But I think those who prohibit the entry of Chinese military experts are right, when I used to go to college, the chips at that time were imported from outside countries, and the machines that came over opened and looked, the workmanship was very exquisite, as if every step had been carefully considered, and then I saw the domestic chips, I was instantly stunned, the sensor was glued on, the workmanship was particularly rough, and it didn't take long to break, and there was no ingenuity at all." ”
Huaxia's early chips were all imported from foreign countries, and some scientists said not to develop their own chips, just use other people's ready-made chips, resulting in the Huaxia chip industry has experienced decades of dark times, and the worst result is not this, the worst result is that Huaxia spends hundreds of billions of dollars every year to import chips, resulting in the appetite of foreign capitalists is getting bigger and bigger, the price is getting higher and higher, and most of the technologies imported by Huaxia are eliminated by others.
Foreign capitalists also knew that Huaxia could not lack chips, so they choked an economic checkpoint in Huaxia, and also set up a lot of written regulations, to buy? Yes, spend a little more money and buy high-tech? I'm sorry, no, only this eliminated version, love or not.
In recent years, the Chinese government has begun to vigorously support the chip industry, and its support is not much more than that of other high-tech industries, with various subsidies, reduced taxes, and even special "patent protection" from the Chinese government.
"Aren't there many companies announcing their plans to enter the chip industry recently?" Lin Shi asked.
"March? Everyone knows that they are going over for tax benefits and subsidies, how many people can really contribute to the Huaxia chip industry? When the government gave them money, they began to spend lavishly, and in the end, they really couldn't develop it, and it can be said that research and development is risky, anyway, everyone knows that this is just a bet. ”