Although the Shanghai Stock Exchange is a joint venture between Peng Jingrong and Hu Yimin, it has no affiliation with the Rishengchang Stock Exchange of Liguo Iron Works. Both Liguo Iron Works and Rishengchang have dedicated red vest trading personnel, and stock trading must be open to the public.
Quotes, public transactions, and stamp duties and commissions are paid according to law. The seat numbers of these two companies on the exchange are No. 18 and No. 88 respectively.
In the past few days, the two seats were already lost to Seat 13. After all the funds were used up, they held a lot of chips and did not dare to put them out for fear of being robbed of the controlling rights. However, in a new transaction
When the sun came, they changed their timid style and began to fight tit for tat.
Hu Yimin determined that Seat No. 13 used money from the treasury, so it could not be used for too long. Their move to lower the stock price to absorb chips was just a bluff. The ultimate goal was to earn cash. This way, it would be easier for you.
Don't you want to smash it? I'll smash it with you. Let's smash it to the floor price and see who can hold on. Anyway, I have the original stock bought at the issue price, and you have the hold-up stock bought with misappropriation of public funds. Hu Yimin has already calculated it.
During this period, Seat No. 13 spent a total of 13 million taels of silver to purchase 27 stocks totaling 2.14 million shares, but the market value of these stocks is now only 7 million taels, that is
He said that if they liquidated their positions now, they would have no money to take back to cover the deficit in the account department. Furthermore, the stock market is not a place where you can come and leave as you please.
At the beginning, a large number of selling orders were still sold on the 13th to smash the stock price. The market had been hit by consecutive days of bad news and was unable to fight back. The stock price plummeted. When it reached a price 20% lower than yesterday's closing price, the 18th and 8th
On the 18th, we started receiving goods steadily.
The purpose of smashing the market on the 13th was just to create panic so that they could take advantage of the situation and sweep away the chips. They did not really want to give away the chips they had worked so hard to collect. After several days of operation, their funds had reached the edge of exhaustion. Now,
Making a fierce gesture is just bluff.
Sure enough, since the sell order was accepted, No. 13 did not dare to sell wildly anymore, and just kept testing with small orders. However, these orders were like bulls entering the sea, and there was no shock at all. No. 18 and 88
The firm buying gesture of seat No. 1 seems to be announcing to everyone: This is the bottom line, and we will never give in again.
Indeed, the current stock price has reached a point where it is impossible to smash it. According to Mr. Huang's plan, it is time to pull it up and run away after redeeming the money.
Sure enough, the news came when the market was closed at noon. The Securities Regulatory Commission announced that the court would reduce the stamp duty by two points. As soon as the news spread, people were eager to buy, and the stern middle-aged man in seat No. 13 finally showed his face.
A hint of smile.
But as soon as the market opened in the afternoon, there was a huge selling price sealed on the price board. Everyone was shocked and couldn't help but look at seat No. 13, but the red vest on No. 13 also had a look of astonishment. Everyone looked at the price board again, and it turned out that
It was thrown by Seat No. 18. Which song is this? The reduction of stamp duty shows that the court supports the recovery of the stock market. Why are there still people smashing it? Is there another hidden reason? Everyone immediately did not dare to act rashly. Seat No. 13 was a little anxious.
I tentatively placed a few high-price buy orders, but they only appeared on the price board for a few seconds before being knocked down by the surging selling orders.
Although Seat 13 has gained a lot of chips these days, it is still not as large as Hu Yimin's. Faced with such an astronomical number of sales, they can't come up with enough money to take over. Seeing that the good news has come out,
The stock price was still on the floor. He was so anxious that the red vest No. 13 no longer had the cold silence of the past. After whispering to the cashiers on both sides for a long time, he finally bravely stretched out his hand with his palms facing inward, making a gesture of accepting everything.
The first massive sell order was taken by No. 13, but another sell order came out again. This time it was a larger sell order from No. 88, covering a full 100,000 shares of China Merchants Holdings.
The stock price of the National Railway Works with a dividend of 200,000 yuan is unimaginably low. After all, the total amount is huge. If you want to take over, you must spend 2 million taels of silver.
In the past, it seemed that this was simply gold, but today no one dared to take it. Who knows whether it will drop by a few percent the next day after taking it over. Anyway, everyone is scared out of their wits by the plummeting these days. Even if they save
People who are obsessed with bargain hunting are also wondering whether there is a hell price below this floor price.
Seat No. 13 discussed with the people next to them again, and still made a buying gesture, and they took in the two million. Gradually, some people saw the clues that this was a battle between big players, so some people began to follow suit, and small-scale
Buy, but more people are still waiting and watching, and they dare not take action easily until the situation is clear.
Hu Yimin saw everything below in the third-floor box of the exchange and sneered: "I want to see how big your appetite is and give me more!"
So Seat No. 18 placed a sell order again, this time for 200,000 shares of Rishengchang, priced at 3 million taels. If you buy these stocks, you will be equivalent to controlling 20% of the Rishengchang stock account, which is like falling from the sky.
It’s a pie, but at this moment, suspicions are thick and no one knows if there is a trap. The end of the cooperative relationship between Rishengchang and the Ministry of Accounts heralds the decline of the bank’s performance. The price of fifteen taels per share is lower than before.
It is a lot cheaper, but how does it compare with the future? No one can guarantee whether it will be trapped if you buy it.
No one's money comes from strong winds. Even the treasury of the Ministry of Accounts is not endless. The takeover just now has exhausted all the funds in seat 13. Now I can only sigh in despair when I look at the cheap chips.
.
The sell order for 200,000 shares was sealed there, and Rishengchang's stock almost stopped trading. Other stocks also caught wind of the situation, and their stock prices fell all the way. At the close of trading, the comprehensive transaction price was nearly 20% lower than yesterday, especially China Merchants and Liguo Iron Works.
The stock has fallen by more than 30%, which means that the stock No. 13 bought for 2 million taels today is only worth 1.4 million taels.
There is a telegraph line between Beijing and Shanghai for official documents, which is not open to the public at all. On weekdays, Huang Xiaotian and his traders exchange information by means of overnight trains and special messengers, but this time the matter is too urgent.
, so after the market closed on the 13th, Red Vest used one hundred taels of silver as a bribe to bribe the clerk in the telegraph room and sent a cipher text telegram to the Minister of Household Affairs.
Just when Huang Xiaotian had just received the telegram and was discussing countermeasures with Zhang Fulin, the emperor's oral order arrived, announcing that the two of them should enter the palace for questioning. Zhang Fulin once again stuffed a banknote to the little eunuch who delivered the order, asking about the emperor's summons to them this time.
Why did he enter the palace? The young eunuch stuffed the banknote into his sleeve nonchalantly and said, "We don't know, but the emperor is very angry this time."
When they arrived at the Qianqing Palace, they saw Zhu Youxiao furious and asked the two of them: "How did you do it? The stamp duty has also been reduced, why hasn't the stock market rebounded? What happened to the China Merchants shares in my hand! What happened to you guys? Isn’t this an intentional attempt to deflate my wallet?”
Huang Xiaotian kowtowed and said: "Your Majesty, please calm down. This matter is beyond our expectations, but everything is still under control. Please give your Majesty a few days of grace. I will definitely turn things around and give you an explanation."
Zhu Youxiao said: "No matter what method you use, I must see the stock market rebound and the funds rebound within three days. Otherwise, you will just wait to pick up the pieces. Today, Yuan Chonghuan has another telegram arriving, and he still wants money from me. If Since the Western Region Fund cannot be disbursed, I have no choice but to withdraw money from the Household Department to finance it. By the way, how much money does Huang Qing’s family and the Household Department still have in the treasury?”
Beads of sweat suddenly appeared on Huang Xiaotian's forehead. He did not dare to commit the crime of deceiving the emperor on this issue, so he could only repay the truth: "Report to your majesty, I still have one thousand, five hundred and eighty-four thousand taels of silver in the treasury."
"Well, prepare as soon as you get back. Five million taels of silver will be prepared for the Western Army in three days."
An hour later, in the house in the north of the city, Huang Xiaotian and Zhang Fulin were walking back and forth anxiously, stopping from time to time and sighing: "What should we do?"
Zhisou had a calm expression: "What we have to fight for now is perseverance. It's not easy for us, and it's not easy for Rishengchang. As long as we come up with another five million taels of silver, Mr. Zhang will go to Shanghai in person tomorrow to announce that the imperial court will rescue the market. I don’t believe the stock price can’t rise.”
Huang Xiaotian was extremely anxious, and no longer had the respect he had in the past: "Five million! You think you are just playing house. The entire household treasury is only over ten million! Now it has all been smashed in, including the official's." The entire net worth of 1 million taels is also in it, as well as Mr. Wu from the Ministry of War, Mr. Cui from the Ministry of Personnel, and Mr. Gao from the Ministry of Punishments. We have invested a total of 15 million taels in it. We bought high and sold low. The current market value is only four million taels, and the court will need the money in three days. What do you want me to give in return? Give me a pile of stocks and say to the emperor, this is the treasury silver?"
As soon as these words came out, the three of them were silent. This time they played too much. Not only did they misappropriate treasury silver, but they also raised huge amounts of silver from various parties. They wanted to rely on the convenience of the Securities Regulatory Commission to control the stock market. Fast in and fast out,
Whoever wants to make a profit and run away is someone who wants to become a shareholder by investing in the stock market. He buys a high position and locks himself in. When the incident comes to light, it is not a matter of taking off the hat.