This was the first thought that flashed through Sun Zhenjiang's mind after hearing these words on TV.
As a speculator, he is very aware of the conditions of the entire market and the psychology of buyers and sellers in the market. The Planning Commission successively released more than 20 million tons of steel on the market, trapping all the speculators' funds.
At this time, he suddenly announced a price limit and threatened to sell another 5 million tons of steel. This was equivalent to a severe kick in everyone's already shaky confidence. Speculators such as Liang Zhaohui and Ling Yiping were absolutely
It will collapse.
In fact, it no longer matters whether the Planning Commission has 5 million tons of steel in hand. As long as it can come up with hundreds of thousands more tons of steel to survive the initial wait-and-see period in the market, speculators will be unable to hold back and start.
Shipment, reversing the supply and demand relationship in the market in one fell swoop. At this time, nothing he and Pittston said was in vain. The only effect was to arouse Liang Chaohui and the others' anger towards themselves.
"Didn't your country say it was going to deregulate the supply and marketing of steel? Why has it changed now? What is the difference between these policies announced by the Planning Commission and the previous controls?" Pittston grabbed Sun Zhenjiang and shouted angrily.
With a dumbfounded expression on his face, Sun Zhenjiang said: "Pittston, you still don't understand? China is not the United States, nor is it those countries in South America. China has a strong government, and no one can defeat the government. Indeed, China
The government has said that it will deregulate supply and marketing, but it has not said that it can no longer take back this power. Our mistake is that we underestimated this government too much. If we had not played such a big game, it would not have made such a fatal move.
"
"No, I must sell the steel I have hoarded now. There is only a maximum demand of 10 million tons in the market. If we sell it too late and can't sell it even if the price is lowered, it will really be over!" Pittston said.
Sun Zhenjiang rushed back to his computer and started typing on the keyboard. Then he picked up the phone and started barking out orders to sell goods.
Sun Zhenjiang naturally understood this. He grabbed his eldest brother and frantically gave instructions to his pony boys, telling them to sell off all the steel stored in various warehouses at all costs.
When you go out, you can act accordingly when it comes to price.
In fact, Sun Zhenjiang and Pittston were already walking a tightrope when they laid out this situation. They used stockpiling to intensify the supply and demand tension in the market, causing prices to continue to rise. However, due to the steel products that the Planning Commission successively released
The quantity was so large that they unknowingly stocked up steel products that far exceeded the market demand. In other words, even if the market price rose to a high of 4,500 yuan as they wished, they would not be able to sell it at this price.
All steel products are sold, and those steel products that exceed user needs will be held back.
The wishful thinking of Sun Zhenjiang and Pittston was to trick other speculators into continuing to stockpile goods and secretly ship the goods themselves to escape. What they did not expect was that the Planning Commission would come up with such a trick and directly break the situation through a TV speech, allowing them to
Sun Zhenjiang and others did not have a buffer time at all.
At this time, all they could do was to sell the goods quickly. They sold the steel they had hoarded for more than 3,000 yuan per ton at a price of 2,500 yuan per ton to withdraw funds. In the terminology of later generations, this is called "
"Cutting meat". They know that cutting meat is a very painful thing, but what choice do they have? If they don't sell it at this time, when the market is saturated, they won't be able to sell it even if they want to. It will be even worse.
When steel is placed in a warehouse, it not only cannot increase in value, but also consumes a lot of storage costs, and the occupied funds generate high interest every moment. This is simply called pulling meat with a dull knife.
At a time when speculators are in dire straits, a new piece of news has made them even worse: Daqin Group announced that it will spend 10 billion yuan to build a new steel plant with an annual output of 10 million tons in Haidong Province. If this steel plant is put into operation
, the country's steel production capacity will increase by 15%, thus greatly alleviating the tight supply and demand situation of steel across the country. Coupled with the steel investment news coming out from some other places, speculators know that the possibility of further rise in steel prices has completely disappeared
For a time, the trend of selling off steel stocks swept across the country, and steel prices fell to a low of less than 2,000 yuan per ton. The Planning Commission had to order local material departments to purchase steel in order to protect the profits of steel plants from being affected.
"As far as I know, the money your group used to build a new steel plant was all earned by you from this steel speculation. You are the biggest winner in this incident." Wang Hongsheng said in his office to those who came to report on the work.
Qin Hai said with envy.
"Director Wang has wronged me. I was clearly acting under orders and sharing the country's worries. How could there be any speculation about steel?" Qin Hai denied it with a smile.
Wang Hongsheng said: "Do you dare to say that you didn't make any money this time?"
"Well, I just made a little money by the way. This also goes with the saying that good intentions are rewarded." Qin Hai said.
Sun Zhenjiang and Jiezi Fund speculated on the steel market, raising the price of steel to as high as 3,800 yuan per ton. They mistakenly thought that what they were buying was the steel reserve of the Planning Commission, but they did not know that it was Qin Hai through Chunshan Company and Spain's León.
Nadeau and others imported steel from abroad. The price of steel in the international market is only more than 300 US dollars per ton, which is equivalent to 1,600 yuan when converted into RMB. Qin Hai sold it at an average price of 3,000 yuan per ton, which is enough
Half profit.
In order to help the Planning Commission stabilize steel prices, Qin Hai imported more than 10 million tons of steel. After conversion, the profit earned reached more than 10 billion. These money were all speculators' money, including those from the Meson Fund.
Qin Hai has no psychological pressure to earn such money from underground channels.
Of course, not everyone has the ability to make such money. At that time, Qin Hai was not the only one who saw the price difference of steel products in the Chinese and foreign markets. Many people thought about importing some steel products from abroad to the country.
Sell them on the market to earn excess profits. The key is that only Qin Hai can obtain seller's credit provided by foreign steel companies, and thus has enough foreign exchange to realize steel imports. Wang Hongsheng, who is also the deputy director of the State Planning Commission, wants to
As a planning committee member, there is nothing you can do to handle such business.
"Xiao Qin, do you know that there are a lot of discussions about the money made by your Da Qin Group?" Wang Hongsheng said.
"What discussion?" Qin Hai asked disapprovingly.
Wang Hongsheng said: "Some leading comrades believe that the money you earn is taking advantage of loopholes in national policies and is part of buying and selling. It is illegal income and should be nationalized."
"No way?" Qin Hai's eyes widened, "Are you trying to kill the donkey? If we hadn't imported these 10 million tons of steel, the Meson Fund would have succeeded, and the economic order of the entire country would have been destroyed.
Confusion. My import of steel was approved by the Planning Commission. To put it bluntly, it was you, Director Wang, who cried and begged me to import it, okay?"
"When did I cry and shout?" Wang Hongsheng corrected depressedly.
"Did you ask me to do this?" Qin Hai asked reluctantly. He would not compromise on a matter involving tens of billions of yuan. What's more, those comments made by Wang Hongsheng were really chilling.
Wang Hongsheng nodded and said: "It is indeed the Planning Commission that requested you to do this. The Planning Commission will not default on this."
"That's right." Qin Hai said, "At that time, the chief director also said that he would give us credit when things are done. Now it's just a matter of not taking credit. He still cares about the little money we made. It really doesn't make sense."
Wang Hongsheng said: "Actually, everyone just put forward an idea and did not really want to take away your money. You don't know that this time the steel market incident has caused great losses to the country. According to the current preliminary calculation results, the total loss
It may be more than 5 billion yuan. Because of this, some comrades suggested that Daqin Group help the country make up for these shortfalls."
"How could the country suffer losses?" Qin Hai said in surprise, "The original steel reserves in the hands of the Planning Commission were also sold at high prices, and a lot of the difference was made. It should be profitable, right?"
Wang Hongsheng said: "You don't know that this time speculators across the country have used more than 60 billion yuan to speculate on steel, and more than half of the funds are bank loans. Now the steel they have hoarded has been trapped and cannot be sold.
Even if it is sold, the value will be greatly reduced. As a result, we estimate that a large number of bank loans may become bad debts, which is the loss borne by the country."
Only then did Qin Hai understand. He shrugged and said: "Recover it. Whoever borrowed the loan will have their account closed and all the steel in stock confiscated. Also, there is an accounting for those bank officials who illegally issued loans to speculators."
One, arrest them all. The country should be able to do this kind of thing, right? Using the money I earn from a small business to pay for such bad debts for the country, why are you officials embarrassed?"
Wang Hongsheng laughed angrily at Qin Hai's words, and he scolded: "Xiao Qin, what are you talking about! The matter of recovering the loan has now been started. Xiao Weihao and others have also intervened. It is said that more than a dozen people have been arrested and prepared to carry the money.
There are dozens of absconding speculators and bank officials who made illegal loans under their control. This is called Tianwang Huihui, and they will not be allowed to pass easily.
As for using your money to pay for these bad debts, it is just an idea proposed by some comrades. This suggestion has been rejected by the central leadership. The central leadership said that in this incident, the Daqin Group had high political consciousness and strong management capabilities.
Meritorious officials should be commended. As for the money earned by the Daqin Group, it is legitimate business income, and it all comes from speculators. It does not harm the national interests and no unit is allowed to get involved."
Qin Hai felt relieved after hearing this. He smiled and said: "Haha, since the central leadership said that we are meritorious ministers, then I will thank you for your kindness."
At this point, he also imitated the scene in the costume TV series and made a gesture of kneeling to each other from a distance, which made Wang Hongsheng dumbfounded again. (To be continued, please search Piao Tian Literature, the novel is better and updated faster!
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