After the matter was ventilated and the negotiation was settled, there was no too much greeting, and it dispersed.

Both of them went to arrange their own trips to Beijing, and things were in a hurry, and they would fly to the capital tomorrow to participate in the discussion of the rescue strategy.

As soon as Fang Hong returned home, Tian Jiayi stepped forward and said, "The itinerary has been arranged, and you can leave at any time." But if you pinch the point to find Zhang Qi first at this time, the above will definitely know about it, and when the time comes, you will also know that the two of you are singing and harmonizing. ”

Hearing this, Fang Hong shrugged: "I didn't plan to cover it up, I'm afraid that the upper side doesn't know that this is the case, doing this just requires a buffer and won't look very abrupt, that's it." ”

Tian Jiayi didn't say anything more when he heard him say this.

Fang Hong said again: "You stay in Xincheng, and arrange a few assistants to fly over with me." ”

Tian Jiayi nodded: "Well, okay." ”

……

The trip was still quite rushed, Fang Hong returned home and stayed for less than an hour before going out again and taking his private transfer to the capital directly.

After arriving in the capital, Fang Hong stayed at the hotel and rested for a few hours.

The next day, Saturday, July 4.

Fang Hong arrived at the meeting place on time, and now the time is already 10 o'clock, and the CEOs of 22 brokerage institutions, including Xinhong Securities, have come to the conference hall at this moment.

After a while, the big leader who presided over the meeting arrived, and as soon as he took his seat, he said: "The situation is urgent, the enemy is clear and I am dark, the situation is complicated, and it is changing rapidly, let's talk about the current situation in the capital market." ”

In the next period of time, the CEOs of various brokerage institutions attending the meeting also reported their own information, and Fang Hong naturally also talked about the situation of Qunxing Capital, but he did not say that he and Qunxing Capital had made several moves to support the market.

But then the big leader who presided over the meeting personally mentioned this matter, obviously he had already understood the situation before the meeting, and he also affirmed Fang Honghe Qunxing Capital at the meeting.

In the next agenda, the main content of the discussion is how to specifically rescue the market, and the CEOs of various brokerages have also spoken.

Zhang Qidu put forward some ideas for bailing out the city, but Fang Hong kept silent and didn't say a word at this time.

At the end, the big leader who presided over the meeting looked at Fang Hong and said, "Comrade Fang Hong, why don't you speak, and if you have any suggestions and opinions, just say it." ”

was directly named by the big leader, it must not be said that it can't be done, Fang Hong immediately said: "The seniors and CEOs present are experienced, I do have some ideas, but they are not necessarily right, please criticize and correct." ”

The big leader said: "But it doesn't hurt to say it, everyone wants to hear it." ”

All eyes were focused on Fang Hong, the youngest participant, who spoke modestly, but his next speech was unambiguous.

Fang Hong organized the language in his heart and said in an orderly and calm manner: "I think the dilemma of the capital market, the order of cards is the key, and if the order is messed up, you will lose." We should establish a multi-level capital market, and then promote multi-channel equity financing to allow huge amounts of capital to enter the stock market."

"After boosting the confidence of the stock market, we will start the reform of the registration system for stock issuance. I think that the refinancing of restricted shares should be abolished, and the high price-earnings ratio of shareholders should be cashed out, isn't it a pit for shareholders and the majority of investors? It is easy to break confidence, but it is also extremely costly to rebuild it. ”

The CEOs of the securities companies present at the meeting heard Fang Hong directly say that they would cancel the refinancing that had been implemented for three years, which could be described as shocking.

Fang Hong still calmly continued: "Besides, to carry out the market-oriented reform of the stock issuance registration system, if you want to carry out it, you must have strict punishment and strict laws first, Lao Mei has the 'three swords' of stock issuance hanging over his head, once the listed company has fraud, it will face prison, and may be fined and bankrupt, and the intermediary agency that helps the fraud will also be banned for life." ”

Boy! Ok, good, good! The ultimate is opened in a row, right?

The conference hall seemed to have become quieter, only Fang Hong's voice, and Zhang Qi, who was attending the meeting, couldn't help but secretly sweat for him.

Fang Hong added: "Lao Mei has these three regulations, namely the Securities Law, the Securities Exchange Law and the Sabuns Act, so it can do the reform of the stock issuance registration system. ”

"If there is no such strict law, and even the three-year lock-up period for major shareholders and their strategic investors to hold shares has been cancelled, as a result, some major shareholders have gone crazy and want to sell all their shares as soon as they hear that they are going to be listed, and even want to sell the company to you."

"In order to cash out more, the stock issuance price will be raised to 50 yuan, 100 yuan per share or even higher, may be only 40 times the price-earnings ratio to pull it up to 70 times or even higher times the price-earnings ratio, the relevant intermediaries, law firms are based on the issuance of proportional commissions, will inevitably try to push the stock issue price higher, which is not only irresponsible to shareholders and investors, but also irresponsible to China's construction and deepening of the capital market reform."

The CEOs of the brokerages attending the meeting looked at each other, who Fang Hong's so-called intermediary agency was talking about, and did not name them directly, but everyone knew who he was referring to.

This has already been output by, I can't bear it, and I have to say something more?

After a while, one of the participants saw that Fang Hong paused for a moment, and immediately took the initiative to speak: "Comrade Fang Hong, what you discussed does not seem to have much to do with the theme of this meeting, and what we are discussing now is to agree on a rescue strategy. ”

The aftertaste of gunpowder came, and Zhang Qi, who had not spoken at this time, was also quickly thinking about how to intervene in the topic and flank assists.

At this time, Fang Hong immediately asked rhetorically: "Then why save the market?" Is the stock market running abnormally, so that the stage of the century-level plunge, the systemic crisis is imminent, such a catastrophic plunge has shown that our capital market has a problem on the road to development, since there is a problem, should we solve the problem? What is the purpose of the bailout? Is it for the healthy, orderly and stable development of the capital market? Of course, the rescue of the market must be saved, but is it a symptom or a root cause? ”

The attendee was stunned for a moment, and now that the stock market has plummeted like this, it is an established fact that there is no room for the slightest fraud, which makes him unable to retaliate.

I didn't expect that Fang Hong was elegant and humble when he first spoke, this is to the point, full of firepower, one after another, even close to his face, this young man doesn't talk about martial arts at all.

Zhang Qi, who had never spoken, suddenly took the initiative to speak at this time: "Comrade Fang Hong, your ideas are too radical, even if what you say is reasonable, it cannot be divorced from reality, let alone the basic national conditions of our country. The development of our stock market has been less than 25 years, we are feeling the stones to cross the river, while developing while exploring, and we are still in the road of exploration, bumps and bumps along the way are inevitable, the development of the Western capital market has been a hundred years, how can the two be compared? ”

The other brokerage CEOs attending the meeting couldn't help but nod their heads in approval, but Zhang Qi's next words made them stunned.

I saw Zhang Qi adding: "Stability is overriding everything, and the big framework should not be changed in a hurry, which is not conducive to stability, and it needs to be cautious." In my opinion, we may be able to carry out a special pilot of the exchange, a small-scale test, so successful or not, the fist can be calmly recovered, the route test is right can be further promoted, if there is a problem with the route, it can also be closed directly, the impact is within the controllable range. ”

……