Chapter 1197 [The foreshadowing laid five years ago finally broke out]

Less than ten minutes after Fang Hong left the temporary headquarters of Oriental Express, a piece of news related to the capital market frightened the investors of Big A. Was it that the Federal Reserve was going to raise interest rates? No.

It was a report from the village on "Opinions on Leveraging the Role of Capital Markets to Serve the National Poverty Alleviation Strategy." As soon as this manuscript came out, the capital market was on pins and needles, and stock investors were stunned and stunned.

Affected by this news, the A-share market opened on Monday, September 12. The three major stock indexes fell sharply at the opening. The Shanghai Composite Index broke through the 3,000-point integer mark during the session, reaching as low as 2,999.93 points, with the deepest drop of -2.51%, and closing down -1.85%.

The New Securities 50 Index was also dragged down, falling -2.54% to close at 1818.72 points. This big negative line basically determines that there is no hope of hitting the previous high in the near future and entering the second bottom stage.

This article in the village scared the capital market so much that it caused a panic in the market and a flight of funds.

In the comment sections of stock forums and major communication groups, investors are complaining and criticizing everywhere.

[There are nearly 600 poverty-stricken counties in the country, and there are three in one county, which is 1,800 households. Plus there are 800 households waiting in line. How many new stocks are coming to grab money? ]

[Have you seriously studied "Financial Markets", "Securities Investment", and "International Finance"? The so-called financial market refers to the trading market of financial products, and finance refers to the financing of monetary funds, which is a general term for currency circulation, credit activities and related economic activities. The lifeblood of the financial market is credit. If you do not keep your word, haha... ]

[There are good companies in poor areas, so they still queue up. Maoti was not born in developed provinces and cities. The stock price has risen from 31 to more than 1,800. Do you need support? If you don’t have a good company, how about creating some stinky fish and rotten shrimps to encourage growth? ]

[I’m really scared. People who don’t understand the financial market and the securities market are messing around. Poverty alleviation is completely correct. I don’t object to this. Monetary transfer payments are very good. Let the developed coastal areas help the remote and backward mountainous areas in the interior. OK? How can the purely economic and purely financial capital market be directly involved? ]

[If this continues, the 70 trillion capital market will be in chaos. We should resolutely obey and support the country's strategic deployment, but we cannot directly connect it like this. This is completely forceful to make the higher-ups happy. ]

[That is, the country says it wants to develop education, why don’t you let all 985 and 211 universities go public? Why not allow more than 12,000 Hope Primary Schools to be put on the market? The country wants to protect people's health, why don't you let all more than 20,000 hospitals go public? Is it possible to implement the country's official policies and strategic deployments in such a mechanical, rough and coherent manner? ]

[I can finally see that this opinion is a political document, not a capital market or financial market document. Investors found out that you really don’t understand finance, and they were all scared, so they had no choice but to sell their stocks and leave the market. ]

[Have you forgotten a painful lesson from the past, the Lantian Company scandal in the poor old district? Want to do something like this again? ]

[Making the financial capital market solid and upward, so that the 150 million stockholders across the country can get real returns, like the old lady in Magnesia, who made tens of thousands of dollars when she was young and became a millionaire at the age of sixty, is the right way, and it directly and indirectly helps People in poor areas. ]

[I just want to say that people are doing it and God is watching. ]

[Isn’t it good to invest in the SSE 50 Index? I don't even care about the motherboard next door now. ]

…

This incident was considered to be the prelude to the subsequent decline this month, and the rebound continued for several days. On September 26, the stock market fell sharply again, and a large negative line of more than 2 percentage points in the Shanghai Stock Exchange once again penetrated the 3,000-point integer mark. .

The second bottom of the NSE 50 Index also hit 1778.58 points today.

The main reason for the market's decline is that the central government withdrew a huge amount of funds today, tightening liquidity. Last week, the scale of new share issuance financing continued to increase, and the market was under pressure.

Another important factor is that the recent boom in the real estate market has also diverted some funds away. At present, major domestic assets are experiencing a turbulent period in the stock market and real estate market. The real estate market is now very hot.

Last month, among the 70 large and medium-sized cities across the country, the prices of newly built commercial housing fell in only 4 cities from the previous month, while in 64 cities they increased from the previous month, and in 2 cities they remained the same. Among the month-on-month price changes, the highest increase was +5.6%. Affected by the expectation of rising house prices, more and more investors became enthusiastic and couldn't bear it anymore and entered the market with coins.

…

In the afternoon, stay in the villa quietly.

Tian Jiayi was reporting to Fang Hong: "Today Hua Yu gave me a piece of information from Huayang Group. They continue to increase their holdings of Wanqi's shares. Currently, they hold a total of 2.176 billion shares, accounting for 19.72% of the company's total share capital, becoming the first The second largest shareholder is Qunxing. In addition, Qunxing holds 537 million shares of Wanqi, accounting for 4.86% of the company’s total share capital, which means that Qunxing has now become Wanqi’s largest shareholder.”

The capital market is particularly lively this year, and insurance capital raising is one of the big dramas this year, and Wan Tao A is the protagonist of this "palace fight" drama.

Boss Yao's Bao Neng Department bought 24.24% of Wan Biao's shares in one year and became the largest shareholder. Feeling threatened, the head of Wan Biao had a conflict with him. Shareholder Hua Run initially supported Wan Biao, but later backed Baoneng.

When the focus of the market and media was focused on the "barbarian" Boss Yao, the rapidly rising real estate giant Huayang Group came out halfway and made a brilliant debut. It continued to increase its holdings of Wan Tao A, buying and buying all the way. Wan Tiao's second largest shareholder, which caught everyone off guard.

At this time, people were shocked to discover that Boss Yao had been intercepted. The current largest shareholder of Wanbi A should actually be Qunxing Capital, because Qunxing Capital still holds 4.86% of the shares.

The close relationship between Huayang Group and Qunxing Capital is well known in the industry. The combined equity held by these two companies is 24.58%, which exceeds Boss Yao's financial system.

This equity dispute can be called a fight between gods, and galaxies are also involved, doubling the complexity of the entire incident.

Tian Jiayi looked at Fang Hong and couldn't help but ask: "Did you expect that today's situation would happen when you pushed Wan Dao A to sign the gambling agreement five years ago? You are also ambush deep enough..."

Fang Hongyun said calmly: "Don't reverse the order of cause and effect. It was this gambling agreement that led to today's situation, but the real cause of this situation is not the seed I bought. It should be blamed The greed of the management team.”

Hearing this, Tian Jiayi's thoughts couldn't help but go back to five years ago.

Five years ago, Wandiao carried out a huge new share issuance and financing plan. At that time, Qunxing Capital held Wandiao's shares, accounting for about 4.7% of the total share capital, and was also a serious major shareholder.

At that time, Wan Biao was about to hold a shareholders' meeting. Tian Jiayi clearly remembered that Fang Hongran went to arrange it and took the opportunity to get in touch with other shareholders. As an excellent real estate company, the company's ROE index was not even 15%. Other shareholders In fact, they were also very dissatisfied, so they hit it off easily.

At that time, a group of shareholders were united at the shareholders' meeting to put pressure on Wanda's management, either to reorganize the board of directors or to sign a "performance gambling" agreement with shareholders.

The general content of the agreement is that if the Wanqi management team can raise the company's ROE index in the next three years, they will pay huge bonuses to their senior management team. However, if the ROE index does not rise, they will directly take the salary and salary of their senior management team. The commission is deducted inside.

Under pressure, Wan Dao's management team signed this "betting agreement", and then began to work hard on performance. As a result, the ROE index was really improved by this team. In 2013, Wan Dao's The ROE index has passed the 20% mark, and generous bonuses are paid to the senior management team every year in accordance with the gambling agreement.

Getting here can be said to be a "two-way rush", a perfect situation for both you and me. But something that Wandao's management did later laid the foundation for today's equity war.

…