Chapter 964 When the bell rings, there is a thousand taels of gold
Nasdaq, the full name of Nasdaq Global Association of Securities Dealers Automated Quotes, is the world's first electronic stock trading market, located in New York.
Electronic stock trading is closely related to the Internet. Therefore, when this market was established in the 1970s, it was favored by the first batch of Internet finance giants in the world.
Today, global Internet giants such as Apple, Microsoft, Amazon, and Google all list and trade stocks here, which makes Nasdaq famous around the world for its high financial leverage.
After all, most Internet companies do not have physical products. As for the specific value of this company, no one in the world can come up with a convincing value logic.
Since no one can explain the logic of value, let the market have the final say. Just throw the electronic stocks issued by the company into the market. Something worth 100 million can turn into 1 billion here, and something worth 1 billion can turn into 100 here.
100 million……
If you want to say why it can change so much, then only the devil knows.
Otherwise, those companies with only one office and a few employees have a market value of tens of billions of dollars. How did this value come from?
This also leaves those industrial enterprises that have worked hard for several years to revitalize tens of thousands or even hundreds of thousands of employed people and are still calculating whether they will lose money this year. How can they be justified?
Anyway, Nasdaq is such a ghost-like place.
This has invisibly raised the bubble, and in turn suppressed industries that can truly create value, creating a financial dream for the world.
However, if this dream is shattered, perhaps with the exception of China, countries around the world that lack industry may experience economic regression for decades and return to pre-liberation overnight.
It is the first time for the couple and my mother to come to such a place full of "dreams".
This family, who don’t know anything about stock trading, just came to witness it and join in the fun.
Sitting with a group of wealthy people from all over the world, feeling the greedy eyes on stocks all around, and experiencing this kind of "copper smell" atmosphere is a rare experience in life.
Just look at the current environment, where the world’s richest people are gathering together.
If these people in suits and ties add up their wealth, it must start at a few trillion dollars, right?
Several trillion US dollars, that is tens of trillions of RMB.
Chu Xuan just wants to say now: "I am a person who has walked through an environment worth tens of trillions, and I don't have a piece of my body. To say that I regard money as dirt is not pretentious, right?"
No wonder Boss Wang spoke so proudly, saying that 100 million is just a small goal.
No wonder Boss Ma spoke so calmly and said that he was not interested in money at all.
Sure enough, you still have to experience more in life and feel the atmosphere of some occasions.
Chu Xuan now finally understands why these big guys in China are so pretentious that they don't even dare to write novels like this. Anyone who writes like this will be called brainless and stupid by readers.
Now, he finally feels that he is in the same boat as Boss Wang and Boss Ma.
"What are you laughing at? A man started laughing quietly. What are you thinking about?" Liu Yifei asked curiously.
"Nothing, just a little fun story." Chu Xuan smiled and shook his head.
Liu Yifei glanced at him suspiciously, without further entanglement, and turned her gaze to the ceremony platform.
As the chairman of Xinlang, Cao Guowei is the person who rings the bell for listing.
As the third shareholder representative of Weiyu, Sister Hua was also the closest witness on stage.
In addition to the host who presided over the listing transaction, the identity of Micro Entertainment’s second shareholder was finally revealed.
The world's largest financial group, BlackRock Investment Group.
When Cao Guowei came to acquire Weiyu, she was also one of the witnesses and accompanied Chu Xuan.
The other foreign investor who arrived was only heard to be an investment bank representative and a shareholder of Xinlang, but he was not the same person as the foreigner on the stage.
She just heard the word "Belade" from the mutterings of wealthy foreign businessmen nearby, and instantly understood why Xinlang and Xinlang Micro Entertainment went public in the United States so smoothly.
.
If the world's largest financial group holds shares and is listed on the stock market, can this all go smoothly?
However, with such a big boss entering the game, will the future development direction of Micro Entertainment be deviated?
Liu Yifei couldn't help but asked in a low voice: "Weiyu won't become Westernized in the future, right?"
Chu Xuan approached her and said softly: "Western capital will not hold the first share. This is their investment practice. The main body of Xinlang will still hold the first share, and we will still hold the third share. It will be maintained through Cao Guowei, the chairman of the board.
Our relationship with the main body of Xinlang firmly binds our third stock to the first stock, so Western capital will not be able to interfere with the established development direction of Micro-Entertainment."
Liu Yifei nodded slightly, and then heard Chu Xuan add: "Besides, the company can be listed or delisted. If Western capital really wants to cause trouble, the worst thing is that after delisting, it will return to China and relist the A shares in Shenghai."
"Then why not list directly on Shenghai Exchange?" Liu Yifei asked doubtfully.
"The domestic financial market is controlled by the state, and the leverage cannot be raised many times. Nasdaq is completely free and open, and there are many bubbles that can be raised. Those shareholders of Xinlang originally agreed to spend 1 billion to buy Micro Entertainment because they took a fancy to Micro Entertainment.
The potential of the Nasdaq listing, after the listing, those shareholders will sell their shares to leverage and cash out. To put it bluntly, it is a question of how much profit there is." said Chu Xuan.
Liu Yifei smoothed her hair and continued to ask: "What exactly is a bubble?"
Chu Xuan thought for a while and gave a simple example: "If someone buys stocks, the tradable volume in the stock market will be reduced. If things are scarce, the value of the stocks will rise."
"Suppose a stock costs 1 yuan, and after someone buys one share, the stock rises to 1.1 yuan."
"Suppose this rule is normal, but after the institution artificially raises the lever, it inexplicably becomes 1.2, 1.3."
This chapter is not finished yet, please click on the next page to continue reading the exciting content! "Based on the normal market price of 1.1 yuan, the extra 0.1 or 0.2 is a bubble."
Seeing that Liu Yifei still seemed to understand, Chu Xuan continued: "To put it simply, the market economy is made up of the people, including investors. The bubble economy means that the people have no consumption at all, and the price of a certain commodity rises inexplicably.
That’s it.”
“When there are not enough people to buy the goods that have inexplicably increased in price to fill the bubble hole of the premium, or there is not enough liquidity to inject this hole, the financial institutions that issue shares and use leverage to create the bubble will not be able to do so in a timely manner.
The funds were withdrawn and the company went bankrupt at a loss."
"Just like the subprime mortgage crisis caused by the United States itself two years ago, it was because too much money was lent to the people, and the interest rate was equivalent to usury. For example, if you borrowed US$10,000 and asked the people to pay back US$15,000, this is
As a result, people cannot afford to pay back.”
"At the same time, financial institutions will package and sell loan contracts to fund companies in advance. The original contract with a repayment amount of 15,000 yuan will be sold to the fund company for 12,000 yuan as soon as the loan is issued."
"In this way, the financial institution will return the money in advance and earn 2,000, and the fund company will use this contract that can earn 3,000 to carry out projects to attract customers to buy funds and provide stable income."
"The stable income provided is just visible. The 3,000 that can be earned will slowly release profits. For fund companies, they can get the funds from customers to purchase funds to make external investments. It is purely a waste of money.
.”
"In such a structured interest chain, businesses in every link are sucking the blood of the people. If the people are able to repay, that's fine. If they are unable to repay, the financial institutions will default on the fund company, and the fund company will default on the customer.
, this closed loop will break instantly.”
"Because of the shady operations of financial institutions, the one-way risk that was originally only 15,000 yuan suddenly turned into a multi-way risk for finance, funds and customers who purchase funds."
"This is equivalent to the fact that originally it was only 15,000 yuan to repay the loan. This money can be seen and touched. However, if the financial institutions do this and people cannot afford to repay it, then the 15,000 yuan will become a bubble with loopholes in many parties.
economy."
"When there are more situations like this where people cannot pay back their money, due to the connection between Lao-U.S. finance and the global financial market, it will lead to the collapse of financial institutions and fund companies in various countries around the world. Financial companies will collapse, and a large number of people will invest and buy stocks or funds.
Customers were left bankrupt, ultimately triggering the subprime mortgage crisis."
"Oh~" Liu Yifei nodded slowly: "I understand, I understand. In short, under the operation of capital, the value of goods is deliberately raised, and then no one pays for it, which will lead to the explosion of the bubble economy."
"Correct answer." Chu Xuan nodded.
Liu Yifei raised her head and looked at the electronic screen and said: "If this idea is changed to stocks, it will be equivalent to financial institutions manipulating the stock. If a large amount of micro-entertainment stocks are purchased, this will cause falsely high leverage, because a large number of stocks are in one company.
If it is scattered among the people, it does not represent the will of the market economy."
"Well, what happens next?" Chu Xuan asked knowingly.
Liu Yifei raised her eyebrows and said with complete understanding: "This is the war between institutions and investors. If an institution is compared to a person, and there are 100 people buying stocks, then these 100 people are the core part of the market economy. That person
It simply cannot represent whether a stock is good or bad."
"But the problem is that if 100 people buy all the stocks and one person buys all the stocks, the stock price will rise at the same rate."
"Then if one person buys the stock first, let the stock price rise for one round first, and then slowly sells it, and when 100 people take turns buying it, it will be equivalent to one more round of increase."
"By analogy, as long as different financial institutions represent that person and operate in this way endlessly, the leverage of the stock will become higher and higher."
"The lever lifted by this person is the bubble economy, because this person does not represent the purchasing intention of the normal market economy composed of 100 people."
"As you just said, the lever raised by this person means that the 100 people will not pay the bill, and no one will be willing to spend more money to buy things for no reason."
"It's just that those 100 people didn't know about it, so it created a bubble economy. If those 100 people knew about it and were unwilling to pay, the bubble economy would collapse."
"Okay, Mr. Liu." Chu Xuan smiled and gave a thumbs up: "You have the potential to be a stock genius. You know, when I took the financial book to read this in the company, it took me a long time to figure out the logical relationship.
, you have figured it out in just a few moments, you are really capable now, Liu Gushen."
Liu Gushen, what kind of weird name is this?...Liu Yifei couldn't laugh or cry. She raised her hand and slapped his thumb down, then raised her hand and pinched his face: "Come on, you think I'm stupid.
Well, you have made it so clear, and I am not interested in stocks, I just want to learn about them."
"Cough!" Liu Xiaoli coughed and looked at the two of them with a stern look: "Pay attention to your image. Can you be more serious in this kind of situation? You can kiss me and me and play with each other. Can you be more dignified?"
Chu Xuan and Liu Yifei looked startled, and immediately adjusted their postures and sat upright.
The couple even glanced at each other furtively, each feeling embarrassed when their mother caught them on the spot with a bad look.
"clang--"
When the three major shareholders on the podium each finished their speeches and expressed their confidence and prospects for the development of Micro-Entertainment, Cao Guowei picked up the drumstick and rang the bell, and Sina Micro-Entertainment's stock trading officially opened.
At the same time, the data on the electronic screen also jumped.
In the huge trading hall, the viewing area was full of people, and the computer area where transactions were performed was also full of people. Financial waiters and middlemen also began to wander around, just to rely on their own judgment or "internal judgment" in this feast.
News" to find generous customers to get some benefits.
This chapter is not over yet, please click on the next page to continue reading! Liu Yifei looked at the electronic screen and asked Chu Xuan: "The opening price is 35.28 US dollars, is this high or low?"
"If it is the first listing, this should be considered high." Chu Xuan raised his head and looked at the electronic screen with her and said: "Xinlang is a secondary listing. 100 million shares were originally issued. When applying for the closure of the secondary listing
The market capitalization is just over US$2 billion, which is just over US$20 per share.”
"So few?" Liu Yifei raised her eyebrows and was slightly surprised. The market value of the famous Xinlang was only US$2 billion, which made her feel that Xinlang was not as good as their glorious era.
"When Xinlang Millennium was listed, the opening price was already low, only 17 US dollars per share, and 100 million shares were issued. When it started to gain momentum, the market value was just over 2 billion US dollars. Later it rose to 3 billion US dollars, but after
After allocating resources to micro-entertainment, Xinlang itself became less profitable, and its market value gradually dropped to the current US$2 billion," said Chu Xuan.
Liu Yifei muttered: "A share of 20 US dollars is now 35.28. Does that mean that the value of Micro Entertainment is 15.28 in the US stock market?"
"It can't be calculated like this." Chu Xuan said: "Weiyu is worth more than Xinlang. After the merger, we cannot do simple addition and subtraction. The businesses and resources of the two overlap, so the opening number is 35.28."
"That's not right either. When it merged with Micro Entertainment and applied for listing, the IPO price applied for was only US$25."
"The current opening price is 35.28 US dollars per share, which is equivalent to using 140% of the issue price as the opening price, indicating that the opening price has increased by 40%."
"I don't know the specifics, but that's probably what happened."
Liu Yifei nodded, then pointed at the electronic screen, tilted her head and asked Chu Xuan: "200 million shares, currently 35.28 per share, means that the overall market value of Xinlang Micro Entertainment is already US$7 billion, right?"
"Yes." Chu Xuan responded.
"Then I understand." Liu Yifei nodded lightly: "How high can it be in the end?"
"How do you know this?" Chu Xuan shook his head: "After listing, the financial market is open for trading every day, and there is no stop. As long as you don't apply for delisting or closure, the stock will fluctuate every day from now on, and it can rise indefinitely.
It can also fall to the bottom, it’s not certain.”
"Okay." Liu Yifei said: "Actually, 7 billion US dollars is quite a lot. I heard from Sister Hua that hiring an agency to help with trading will keep the shares at about 10%. If we calculate it at 10%, we
There are also US$700 million... which is about 5.3 billion yuan in assets."
"Not necessarily." Chu Xuan said: "The better the situation, the more we will dilute. Even if there are top institutions to help us trade and maintain 10% of the equity with the favorable leverage of buying low and selling high, if the situation is too bad
Well, if the increase rate of the purchase price and the growth rate of the sale price are infinitely close, it will be difficult to maintain this 10% equity situation."
"That's okay. The equity has decreased, but the stock price has increased. There won't be any changes to the established assets we own, right?" Liu Yifei said.
Chu Xuan nodded: "That's true."
After saying that, he yawned, stretched, and said again: "Just wait for the result. No matter what the situation is, as long as we still have Weiyu as a publicity window, the money cannot be cashed out. Just look at the excitement.
That’s fine, even if we have a lot of money but a little money, our share will probably be kept in the bank for ten or eight years and cannot be touched.”
Liu Xiaoli crossed her legs, supported her legs with her right elbow, held her chin in her palms, and looked at the electronic screen.
Hearing Chu Xuan's words, she tilted her head and said with a smile: "Listening to what you said, I think Longyou is better. The cash flow is coming. At the beginning of the year, Sissi's card will receive more than 300 million yuan. You want more?"
A little bit, 400 million seems to be, this Longyou is developing really well, last year we each only had more than 200 million, and this year we have a big breakthrough."
Hearing figures like three hundred million or four hundred million, Chu Xuan said calmly: "Don't tell me this, I'm not interested in money."
"Hey!" Liu Xiaoli stared, looking like she couldn't help but laugh.
"Mom, look at him for yourself. You said I was swollen, but he is really floating." Liu Yifei turned her head towards her mother, leaned on her shoulder and looked at Chu Xuan with a smile.
Chu Xuan laughed, stood up and said, "Let's go, let's go, there's nothing interesting to see. Sister and the others are still busy. Let's ask Director Tang and Brother to go for a walk outside."
Liu Xiaoli was happy with this, picked up her bag and said, "Let's go shopping."
"Let's go out to play." Liu Yifei also took her small bag, but didn't let herself carry it. She took a step forward and hung it on Chu Xuan's shoulder.
When the couple goes out for fun, how can any woman carry a bag?
In this way, the atmosphere of "when the bell rings, there is a thousand taels of gold" continues in the trading floor, while the whole family goes out to find their own fun.
