From the first to the sixth day of the lunar month, both Zhenwuhou Mansion and Rishengchang were raising funds to prepare for the financial crisis. This was entirely a crisis caused by corruption. They were indiscriminately issuing stock funds, speculating on prices, and using inside information to transfer risks.
All the consequences were caused by the Securities Regulatory Commission, but in the end, Liu Ziguang and Hu Yimin were asked to wipe his ass.
In these six days, Liu Ziguang raised 1.5 million taels of cash and prepared more than a hundred traders to protect the stocks he owned. Most of the properties under his name have been listed, and they are high-quality
Blue chips can naturally become the mainstay of the stock market as long as they withstand selling pressure and buy out all selling.
Shopkeeper Hu thought more and prepared more. She prepared five million taels of silver notes to support the market. Rishengchang was good at this. It had actually become the central bank of the Ming Dynasty, printing banknotes.
It's cash. To be honest, five million taels is a big pressure on Rishengchang. Among them, there are three million taels that were printed without cash as a deposit. If they are all used,
It is inevitable that there will be consequences of inflation, but now I don’t care about that much anymore, I just hope that things are not as bad as expected.
When private forces were preparing to support the market, the imperial court bucked the trend and prepared to forcefully sell the second wave of the Western Region Good News Fund. This time the amount was even greater, as high as 30 million taels. Liu Ziguang was dumbfounded when he heard about it.
The imperial court must be crazy poor. How can the people spare 30 million taels of idle funds, let alone the current unfavorable war situation.
On the seventh day of the Lunar New Year, Peng Jinrong and Hu Yimin had already arrived at the Shanghai Stock Exchange in advance. It was a large building with specifications similar to a theater. There were sixteen large blackboards on the stage that could be raised and lowered with ropes. The two numbers listed on the Shanghai Stock Exchange were marked on them.
The names of more than a hundred stocks, numerical codes, as well as the day's quotation and transaction volume and other data, eight quotations in yellow uniforms stood next to them holding chalk and blackboard erasers, pulling the blackboard at any time and changing the above according to the trading price at that time.
number.
There are hundreds of seats under the stage. A large number of traders wearing red swans represent the clients outside the market to buy or sell stocks. Because there are many people and it is noisy, everyone uses hand gestures to trade. The hand gestures for bidding can be divided into;
Buying, selling, opening, closing, contract time, quotation. Spread your fingers. When the palm is facing outward, it means selling, when it is facing inward, it means buying. The other hand makes a fist and extends the thumb downward to indicate opening a position, and when pointing upward, it means opening a position.
Indicates closing a position. Extend your index finger to indicate "1".
Extending the index finger and middle finger means "2", extending the index finger, middle finger and ring finger means "3", extending four fingers except the thumb means "4", extending all five fingers means "5", making a fist and extending the thumb means "
6",
Make a fist and extend the thumb and index finger to express "7"; make a fist and extend the thumb, index finger and middle finger to express "8"; pinch the four fingers and thumb together to express "9"
, extend your fist to express "10". At the same time, you should also shout out the name and quantity of the corresponding trading variety. After the trader and the quoter feedback and confirm each other a few times, the transaction will be established, and the quoter will drop the corresponding label indicating the stock.
On the price blackboard, erase the original price and write a new one. Other staff will record the transaction according to the name on the trader's red number and wait for delivery and settlement after the market closes.
Most of the traders are accountants of large firms. They have quick eyesight, quick hands, and flexible brains. Quoters are the elites among the elites. They are all talents specially trained by Rishengchang. No matter how large the business volume is, they will never make mistakes, and their brains are as good as those of the best traders.
The busy airport control tower is a dispatcher. Every day, stock trading in the Ming Dynasty is carried out amidst the shouts and gestures of these people. Huge amounts of money and stocks are changing hands, prices are fluctuating up and down, and complicated transactions must be carried out after the market closes.
Delivery, endorsement and transfer of different stocks, and payment of stamp taxes and commissions according to the transaction price. In one day, there is at least a transaction volume of more than two million taels. The imperial court can collect a huge amount of twelve thousand taels with only three thousandths of the stamp tax.
Including the stock exchange branches opened in major cities across the country, the court could collect five to six hundred thousand taels in taxes in a month, which was simply a cornucopia.
Before the opening time, there were already crowds of people outside the exchange. In the past few days, the news of Shaanxi's defeat had spread throughout the south of the Yangtze River. Rumors were flying everywhere. Some people said that the imperial court issued the Western Region Good News Fund again to reorganize the army and fight again. Others said
The purpose of issuing 30 million taels of funds was to pay reparations to the Xixia people and seek peace. Anyway, whether it was war or peace, it was not a good sign. There would always be a large amount of money thrown into the bottomless pit of war.
There are two types of wars. One is like the one fought by Zhen Wuhou, who conquers cities and territories and makes a lot of money from the war. One investment can produce three; the other is a useless war like Governor Yuan, who invests tens of millions of dollars.
There is no sound at all. When the war reaches this level, it is simply a pipe dream to expect the people to take the initiative to donate money to support.
When the time came, the red door of the exchange slowly opened, and the red numberers swarmed in. Before they could sit down, they eagerly stretched out their palms, with Yi Shui's palm forward, and typed various numbers with the other hand.
, what everyone is shouting is to sell the Western Region Good News Fund.
This is something that has been expected for a long time. Nowadays, funds in the external market have reached the point where there is no takeover. People who still have funds on hand are dreaming of dumping this worthless fund on the Shanghai Stock Exchange. But at this juncture,
How could any fool be willing to take over the offer? The whole market was full of selling and there was not even a single buyer, so Zhonghonghaokan had no choice but to lower the price again. In a quarter of an hour, Shengsheng’s fund, which was still around 1,000, 20, 90 yuan, was wiped out.
The price was reduced to one, two or five cents, but no one took the order, so the traders became cruel and dropped the price to one or two cents. This was already the issue price, and it was an important psychological threshold, but this threshold had no support at all.
, it broke through in an instant, and the Western Region Jiebao Fund fell below the issue price.
After losing so much, if the price limit system suggested by Liu Ziguang was followed, it would have already reached the limit. However, because the CSRC did not adopt this suggestion, the fund could only continue to fall, from nine yuan to eight yuan, and then from eight yuan to five yuan.
Still no one came into the market to take over the order, so the traders stopped and refused to sell any more.
Hu Yimin had been sitting in the upstairs wing of the exchange, looking coldly at everything below through the large glass window. Seeing that the price of the fund finally stopped at five yuan, she turned to Peng Jingrong and said: "We have finally reached the bottom line. The court
Many ministers buy funds at a price of five yuan. As long as it is higher than five yuan, they will make a profit. Although they lost some money some time ago, there are still some officials who have not sold their funds. If it is lower than five yuan, it will affect some people.
benefits.”
Peng Jingrong said: "These people don't lose money at all. The profits they made in the past are enough for them to squander. You know, the fund has risen to a maximum of three to two or five yuan, which is a full seven times higher than their purchase price. Two yuan."
More than ten million taels of silver just flowed from the hands of ordinary people to the hands of these high-ranking officials. Making money in this way is faster than robbing them. They are reluctant to throw it down any more. Okay, let's throw it away. Come on, throw it to me! Hit it.
Two dollars to go!”
Peng Jinrong did not have the chips of the Western Region Fund, but she took advantage of the convenience of controlling the exchange to cheat and conduct "short selling". Anyway, no one took over the order, so she was not afraid of how much she would lose. If someone did take the order, she would complete the transaction first and then continue to sell.
Buying other people's goods at a lower price and delivering it to the first buyer, without losing money anyway, is a trick Peng Jinrong came up with. Today, their mission is to help these traders create an atmosphere of panic.
The Western Region Jiebun High-Performance Fund, which was soaring on the first day of the year, fell below the nominal issuance price and then the internal issuance price in one morning. It went from being a hot commodity sought after by everyone to a smelly piece of shit that no one cares about.
Panic began to spread, and traders gradually began to sell other stocks. The stocks of those shell companies with inflated prices plummeted. Only a part of the blue chips that Liu Ziguang and Hu Yimin decided to protect the market remained unmoving, but they could only survive alone.
Because Zhang Fulin approved too many stocks for listing during this period, the plummeting of these junk stocks inevitably led to the decline of the overall index. The atmosphere of panic became thicker and thicker, there were more and more selling, and traders were on the verge of madness.
They desperately sold all the stocks in their hands regardless of the cost. Everyone stood there dancing and shouting at the top of their lungs. It was not until the closing bell rang that everyone collapsed in their chairs as if they had cramps and looked up at the Shanghai Stock Exchange.
The Composite Index actually fell by 30%. If it weren't for the protection of super large-cap blue-chip stocks like China Merchants, it would have been even worse.
Shanghai's stock market is also happening in other cities. On the first day of trading after the New Year, the market value of the Ming Dynasty's securities market shrank by less than half. Countless people reluctantly cut their flesh, but those who lost money on the stock could still bear it. After all, it was just a drop.
It’s only about 30%, but those ordinary people who bought funds are in misery. The funds they bought at high prices have not even a fraction left overnight. Their dreams of getting rich are shattered overnight. They really lose everything and want to cry without tears.
.
People in teahouses and restaurants on the streets began to discuss how the Western Region Excellent Report Fund could rise so high, and how could it fall so miserably. The total issuance denomination is 10 million taels, which means that only 10 million taels of money are used in the west.
Where did the extra money go? Who took it away? No one could figure it out, but they all thought of Mr. Zhang Qingtian from the Securities Regulatory Office. Mr. Zhang is a senior official in the Ministry of Revenue and a financial talent in the imperial court.
When the stock market goes into recession, he will definitely not sit idly by.
"Let's go to the Securities Regulatory Commission Yamen to find Mr. Zhang!" Someone shouted, and everyone responded immediately. A large group of people set off from Sanshan Street, a securities street in Beijing, and walked towards the Securities Regulatory Commission Yamen.