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The railway company was listed in May, and the boom lasted for more than 3 months, and under the continuous suppression of Yang Chao, the stock trend rose steadily, from 15 taels to 16 taels, 17 taels, and finally hovered around 18 taels for two months, and finally rose to 20 taels at the end of August.

The news that the market value of China Railway Corporation has reached 20 billion taels has spread all over the world, and even the stock markets of other countries have risen somewhat, of course, mainly because investors are encouraged to borrow money from banks to invest in the stock market, and the soaring story allows them to mortgage more loans.

And Yang Chao also sold all the shares at an average price of 18 taels, so that Yang Chao recovered nearly 10 billion cash, and all of them bought national bonds and deposited them in Yangzi Bank.

At this time, Yang Chao's light assets exceeded 20 billion taels, which is the confidence of the world's richest man, of course, if calculated according to the valuation, I am afraid that the Rothschild family, and even the oil assets under the Rockefeller can reach this amount, or even higher, but they are valuation, many assets are not liquid, and Yang Chao holds light assets, net assets, highly liquid cash and notes.

Of course, if it is put on the market for valuation, it will probably be a terrifying scale to bring the Yangzi Bank group to the market for valuation.

Of course, Yang Chao still has 3 billion debts, of course he has debts, otherwise how did those huge investments come from before, it is impossible to use his own cash, as an expert in capital operation, Yang Chao can not do a move with a large amount of cash, so although he has huge assets, many times he still needs to be financed from the bank, fortunately, he has a bank, fortunately, his credit is very strong, Yang Chao wrote a number on a white piece of paper, and signed his name to mention 100 million taels of jokes, in fact, it is the truth.

Any bank in China is willing to accept this white slip, this is the power of credit, this is the reason why the elder Morgan did not leave much inheritance to his son, but his son was able to be the general agent during the British war, because Morgan left a strong credit, which is the biggest inheritance.

Among the 3 billion debts owed by Yang Chao, 1.5 billion are owed to Yangzi Bank, and the rest are owed to other banks in Yangzi Bank, with cash, Yang Chao immediately repaid the money, but it was just a transfer, and the 1.5 billion transferred to Yangzi Bank's account can still allow Yang Chao to be mobilized at any time, but it saves a lot of interest, and there is no tax without interest, which is equivalent to paying less taxes to the government.

Normal tax avoidance is not ashamed, not to mention, Yang Chao knows very well that the era of the great crisis is the period of the collapse of all order, the power in the hands of the government is the biggest asset, the government no longer needs money at that time, there is power, dare to move power, is what the government should do at that time.

In August, with the listing of the giant railway company, the Shanghai stock market injected a shot in the arm, so that the total value of the Shanghai stock market touched the threshold of 60 billion for the first time, the main reason is that the railway listing stimulated the drive, before the railway company was listed, the Shanghai stock market has been hovering around 50 billion, as soon as the railway company was listed, its market value was immediately worth 20 billion, and the total market value increased by 10 billion.

The railway company is worth 20 billion, but it only increased the total market value of 10 billion, obviously other stocks shrank by 10 billion, and it is true that after the railway company went public, most of the other stocks have fallen, not because these stocks are not favored, but because a large number of investors need to sell other stocks to buy shares of the railway company, in contrast, they are more optimistic about the new stock of the railway company.

This is a normal phenomenon, when Alibaba was listed in the United States, many of the same type of Chinese concept stocks have fallen, the largest decline is more than a dozen points, because investors are raising funds to buy new shares, compared with the shares of railway companies, the proportion in the Shanghai stock market is obviously larger, affecting almost all stocks, and the stock prices of several shipping companies that compete with railway companies have fallen below one-third.

But overall, the size of the stock market has swelled by one-fifth, and it is clear that there is a large amount of new money entering the market, with a scale of up to 1 billion taels. Therefore, it is not an exaggeration to say that the Shanghai stock market was as hot as the weather in the summer of 29, but it was also the political arena that was as hot as the stock market.

Because it's another election year.

Pan Xun, Mi Qing and Li Fuan, the troika of the rich and strong party appeared together and competed together.

China's political arena is different from the United States, the United States is a two-party system, not that the constitution stipulates that only two parties can be used, but that other parties are not competitive, just as there are no challengers in China at present, and other parties do not compete at all, so the rich and strong party can put out three people to fight in the ring at a time.

In the United States, because the two parties are equal, they have to go all out, and each party withdraws a candidate, in order to concentrate resources to fully support the election of their own party, so they also have to conduct an intra-party election to elect candidates, and China does not need this step, even if it is forcibly implemented, I am afraid that if a politician like Pan Xun fails, he will still force his own primary, in short, the same system, different countries to play, the result is not the same.

Yang Chao finally left Siberia and came to Shanghai, under the pretext of dealing with the listing of railway companies, but in fact he really cared about the election.

The biggest headache for him is that Pan Xun is running again, Yang Chao is a little worried about the situation of China's president for life, Americans do not have this situation, not that the US Constitution has provisions, but the self-restraint of Washington and others, Washington refused to run for the third time, but also set an unwritten rule for future presidents, no one broke this rule, everyone is very conscious of getting out after the second term, no matter how successful he is, he will not run again, such as Coolidge in the original history.

Other countries do not play like this, such as the Russian Federation in the future, even if the constitution stipulates that he cannot be re-elected for more than two consecutive terms, the president of the General Assembly can still play the game of rotation of president and prime minister, and always control the state power, which is not a good political ecology and will leave a very serious sequelae.

This is a joke, since you want to play American, then have fun, all systems are actually the same, as long as you follow the rules, there is no bad play, and the Chinese are not stupider than the Americans.

Therefore, Yang Chao has to strictly prevent Pan Xun from being re-elected, even if Pan Xun is a rare politician cultivated over the years, an excellent candidate with modern thinking and traditional morality and ethics, but Yang Chao still does not want him to be re-elected for a third term, and would rather accept him to be re-elected after the other term, rather than let him be re-elected for the third term, otherwise he may be elected for the fourth and fifth terms, and become the president for life, thus leaving a bad impression on the people behind him, and one day there will be a re-election loser who is unwilling to fail, and then comes to power through other means, such as mutiny.

Therefore, Yang Chao went to Shanghai, and also met secretly with Pan Xun's two competitors. (To be continued.) )