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Chapter 1590: The young master was angry and sent to Africa

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    Because Jiang Xueying handled the situation properly and did not hesitate to spend a lot of money to calm the anger of investors, investors, instead of venting their anger on the stock exchange, were deeply moved and felt that they were trustworthy and worthy of entrusting their family wealth.

    Looking at the two hundred years of the Ming Dynasty, and even the two thousand years of previous dynasties, has there ever been such a responsible organization that took protecting other people's property as its own responsibility, instead of just deceiving people into investing real money?

    What else is there to say? Buy, buy, buy!

    After the Dashilar Exchange opened, the stock prices that had plummeted quickly rebounded.

    The news spread to Suzhou and Guangzhou. Although investors there were watching from afar, their confidence in the stock exchanges increased greatly. A large amount of idle silver poured into the securities market. Individual stocks on the market also rose, and the stock prices rose in response.

    A big crisis that could destroy the entire securities market was eliminated without any danger.

    When the news reached Luzon, Mr. Zhao, who had been on tenterhooks and used this as an excuse to sleep in and out of sleep, and even asked his wives to return home early, finally put his heart back into his stomach.

    He knows that many people will think that he is overreacting or even being too cautious.  But that's because they have too few wives Oh no, because they have never seen the horror of irrational investment behavior in the financial market.

    Early in the long history of financial development in the West, three iconic bubble economic events broke out¡ªthe Dutch Tulip Bubble, the British South Sea Bubble, and the French Mississippi Bubble.  Without exception, they have caused a devastating blow to the country's securities market, so that the people were bitten by a snake once, feared for ten years, and lost confidence in all financial innovations. Generations of people will not be able to recover.

    Coincidentally, in the British South China Sea Bubble, the company involved was also called ¡®South China Sea¡¯, which shows how important it is to have a good name.  Mr. Zhao does not believe in evil, but he almost fell into the evil trap of Nanhai Company

    The South China Sea Bubble incident brought great shock to the UK and caused countless people to lose their money.  For example, the famous Niu Ziye Lord Niu is also one of the victims.  When he first entered the market to buy Nanhai stocks, he made a small profit of 7,000 pounds. However, after making a profit and leaving the market, he saw the stock price soaring. He felt that he had come out too early.  Then he used all his wealth to enter the market, but ended up being buried on the top of the mountain. He left the market with a huge loss of 20,000 pounds and was completely bankrupt.

    Lord Niu, who went bankrupt in his later years and was forced to eat grass, left behind the famous saying of blood and tears, "I can accurately calculate the movement of celestial bodies, but I cannot predict the madness of human beings."  ¡¯

    In the financial market, confidence is more precious than gold.  And as long as it concerns people's hearts, it will be particularly unreliable.  Especially in the early stages of the construction of the financial market, it is more appropriate to say that the people gathering in the market are speculators rather than investors.  In such an impetuous casino, the development of events is often irrational and counter-intuitive, which can easily lead to a stampede or even an avalanche that destroys the entire market.

    For example, this time during the "twelfth lunar month stock market crisis", it stands to reason that the surge in Nanhai Group's stock will be beneficial to the entire market.  However, this is not the case. Because there are too few market participants and limited capital, the price of a stock soars dozens of times in a short period of time, often at the expense of other stocks plummeting.

    ¡° Moreover, previously strong stocks such as Xishan Group and Marco Polo Bridge Group have accumulated too many profits over the years.  Many investors have made profits more than ten or even dozens of times, but they are still reluctant to take profits because they are still bullish.  But once a downward trend occurs, people will inevitably panic and flee, so a stampede occurs

    Even for Nanhai Group itself, there are huge risks, and the stock price has been pushed to the sky in a short period of time.  Whenever there is negative news, they will be shattered into pieces.

    Although disastrous consequences were avoided this time, the lessons are profound.  Zhao Hao must not tolerate the culprit, otherwise something might happen again in the future.

    So he ordered the board of directors of Jiangnan Group, the Inspection and Supervision Committee, and the Special Operations Section to form a joint investigation team to conduct a strict review of the parties involved in the "Twelfth Month Stock Difficulty".

    After more than half a year of investigation, the final report submitted shows:

    First, the Nanhai Group has impure motives.  Although the basic conditions for listing have been met, under the premise of sufficient self-owned funds and loose credit lines, the purpose of issuing new shares is not to raise funds for the development of the group, but to go public to make money and cut leeks!  That¡¯s why we designed an installment payment plan that can push up the stock price.

    Second, Jiangnan Securities¡¯ control was not strict.  It also violates paragraph 1 of Article 5 of the "Securities Market Management Measures (Interim)": "Any financial innovation should adopt a prudent attitude. After Jiangnan Securities conducts careful research and forms an opinion letter, it will be submitted to the strategic decision-making committee for review and approval before trial implementation."  ¡¯ So there are serious violations.

    Thirdly, Xishan Group Director Zhu Shimao and others stormed the Dashilan Exchange and forced the staff to close the market. Although objectively they prevented the situation from escalating, it seriously violated the "listed companies must not"nbsp; What a shame!  Are northerners really inferior to southerners?

    The coal bosses were finally woken up by the scolding.  It¡¯s not okay if I don¡¯t wake up.  Nanhai Group is only temporarily banned from listing, and normal business will not be affected!  As the most important core asset of Jiangnan Group, Jiangnan Bank will still spare no effort to support them, and their development will not be affected at all.

    If Xishan Group does not make changes, the gap between the south and the north will only widen. When the ban is lifted at the end of the term, and when Nanhai Group re-lists, the "twelfth lunar month stock difficulty" scene may happen again!

    Xishan Group, knowing its shame and then becoming brave, finally stepped out of the comfort zone of just lying around and making money, and began to conscientiously implement the "Tangshan Strategy" that Mr. Zhao had formulated for them a few years ago!

    ps. I feel much better after sleeping for more than ten hours, at least I can turn my head.  Keep writing(remember this website address: www.hlnovel.com
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