Steel Tycoon Reborn - Chapter 1033

Lord Snow Eagle, Legend of the Dragon King, Super Soldier King, Cultivation of the Rain and Clouds, Supreme Martial Arts, King of Eternal Night, My Neighbor is a Banshee, Legend of Fairy Wood

Zhao Moshi stayed abroad and did not return, and his family had gone abroad long before him, and the few hundred million funds left in the Pucheng Group account were transferred out during Zhao Moshi’s stay abroad and disappeared – don’t It is said that the panic within the Pucheng Group is rapidly growing and spreading, and there is no way to completely block such sensitive information from the outside world.

Three listed companies, including Pucheng Electric, Jianghe Phosphorus, and Qianxi Diesel Engine, slowly fell along with the broader market in the morning, and the stock market did not notice anything unusual at first. When the market closed at noon, stimulated by the good news of the central bank’s interest rate cut, the Shanghai and Shenzhen indexes rebounded suddenly. Only then did external investors see that the stock prices of the three listed companies in the Pucheng Department had lost their support, and there was no sign of turning back with the broader market index.

At noon, the news that Zhao Moshi was stranded abroad and did not return was widely spread, and it immediately caused a lot of uproar. At the opening of trading in the afternoon, the stock prices of the three listed companies directly hit the limit of selling orders.

Without paying to enter, countless funds that want to escape are blocked on the limit-down board, desperately waiting for further news.

Huaihai Securities may face a huge loss of up to 2 billion due to the sale of Pucheng’s 2 billion “guaranteed income” fund, which is also called fleeing funds hit the lower limit.

Nearly 30 listed companies in Huaihai Province, including Meixi Holdings, Dongjiang Refinery, Huaihai Iron and Steel, Lanshan Petrochemical and other companies, were implicated by the news that Zhao Moshi and his family fled, and their stock prices fell sharply in the afternoon.

The debt problem faced by Pucheng is not without warning in the securities capital market, but the domestic securities market has a strong speculative atmosphere. Most investors are speculative and want to profit from it, ignoring the so-called risks and bubbles.

It is often only after the bubble bursts that one wakes up, and the panic that breeds will be extra serious.

No one knows how serious the debt crisis of Pucheng Group is, or how many companies in Huaihai Province are involved, and fleeing has become a top priority.

After it was initially determined that Zhao Moshi and his family were illegally staying abroad, and that a large amount of funds in Pucheng’s account were transferred abroad, the Xucheng Municipal Committee urgently held a meeting of the Standing Committee and decided to set up a joint working group with the Provincial Securities Regulatory Bureau and the Provincial Public Security Department in the name of the municipal government. Take the lead in entering Pucheng and intervene in the handling of the debt crisis in a timely manner.

For a while, the mountain rain hit, and the sky shook, and in the afternoon, several calls were made directly to Shen Huai’s mobile phone to inquire about news; Shen Huai naturally had no comment to anyone.

Shen Huai rushed to the Nanwan Lake Software Industrial Park in the afternoon to participate in a symposium. Until the twilight was dark, he had no time to pay attention to the latest trend of the Pucheng crisis.

As one of the cities with the highest concentration of colleges and research institutes in China, Xucheng has abundant advantages in human resources in the development of high-tech and software industries.

Initiating the construction of Nanwan Lake University Town, the first batch of Nanwan Lake Software Industrial Park will be built, and more importantly, it is to promote the development of software and information service outsourcing industry in Xucheng.

Xucheng also formally proposed the development of “world office” into the theme of urban industrial development, in order to attract many giants of international information technology and software companies to settle in Xucheng for development.

The first phase of the Nanwan Lake Software Industrial Park is being constructed at the fastest speed. Since April, more than ten software companies have settled in.

Shen Huai originally planned to find Huang Xinliang and the others today to discuss the construction of the second phase of the software industrial park. Now that the Pucheng debt crisis has been fully induced, the part that has surfaced is already terrifying. The construction of the first phase of the project may be forced to be delayed, and at present, we can only do our best to attract investment in the first phase.

It was about ten o’clock in the night when Shen Huai received a call from Xiong Wenbin, only to know that he had just left the Pucheng Building.

Shen Huai drove to Xiong Wenbin’s house and waited for a while before seeing Xiong Wenbin with a tired face.

Xiong Wenbin sat down tiredly and wanted to get a cigarette from Shen Huai to smoke. He didn’t know where Qiqi came from and snatched the cigarette from his mouth. He said in a sweet voice, “Grandma said smoking is not good for your health.”

Xiong Wenbin had the least temper with his granddaughter Qiqi, and dragged Shen Huai to the yard to talk about things:

“When I was at my home, Secretary Zhong called temporarily, so I went around to Secretary Zhong’s house and reported to Secretary Zhong about the preliminary inspection this afternoon. In fact, there is nothing to say – the investigation has only begun, and I can check it. what?”

Although Shen Huai and Xiong Wenbin had long been concerned about Pu Cheng’s debt problem and collected some detailed information, Zhao Moshi’s “accidental” escape complicated the problem.

Shen Huai and Xiong Wenbin could not claim to the public that they had noticed the abnormality of Pucheng Group, otherwise Xu Pei and Li Gu would have no way to explain why Zhao Moshi was able to escape successfully.

Even with Zhong Limin, secretary of the provincial party committee, the truth could not be told.

“Did Governor Xu call to learn about the investigation in the afternoon?” Shen Huai asked.

“Not yet,” Xiong Wenbin shook his head and said, “Sit and watch Zhao Moshi flee without taking any action in advance, is it a last resort to reduce the influence?”

Over the years, the Pucheng Group has had a deep connection with the Department of Accounting and Classics, and Zhao Moshi is very good at flattering and making connections.

In addition to Cao Zhengjiang and Zhao Moshi who formed a family of sons and daughters, Li Gu, Guo Chengze, Jiang Yibin, Meng Jiansheng, Pang Yunsong and others all had a deep personal relationship with Zhao Moshi.

Although most of the officials of the Department of Planning and Economics in Huaihai Province have no direct relationship with Pucheng’s illegal fund-raising and mergers and acquisitions, they are afraid of being involved in everything.

Now that Zhao Moshi has fled, the illegal fundraising and other cases involved in Pu Cheng still need to be investigated. Xu Pei will definitely get rid of the negative impact of this incident on him, but the involvement will not get out of control.

Shen Huai guessed that Xu Pei’s “intention” might be like this.

Shen Huai also didn’t intend to think too deeply, and now he is more concerned about how to clean up the mess.

“Pucheng’s troikas are all star stocks in the securities market, not only involving hundreds of thousands of small and medium shareholders, but also may induce more subtle trend changes in the securities market this year. How to deal with it in the end, Xu Chengcheng’s opinion , maybe not the most important. Is there any wind blowing from the Provincial Securities Regulatory Bureau?”

“Some people suggested that the Xucheng government first open up rumors, calm people’s hearts, and delay the situation for a few days,” Xiong Wenbin said coldly, but there was a lot of helplessness in his tone, “These people, they are just thinking about the Xucheng government. Come forward and use fake news to prop up the stock price for them. They escaped easily, but they completely ignored the mess behind and asked the city government to deal with it? The hearts of these people. The mess is really bad.”

Shen Huai thought that Xiong Wenbin was still angry.

In the domestic securities market, there are too many gamblers, not only small and medium shareholders, but also institutional investors.

In addition to the large and small financial institutions and lending companies that lent to Pucheng, many investment institutions directly participated in the stock operations of Pucheng’s three listed companies, and this time they were all trapped in it.

Seeing that there is no hope of escape, these people have such thoughts, which is really not surprising.

Shen Huai pulled out the cigarette, lit it for Xiong Wenbin, and said, “The working group is stationed in the Pucheng Group. I believe that the general problem will be figured out soon, but the more headache is still to come. This mess is hard to clean up.”

“In the early stage, you can only make preparations for impairment,” Xiong Wenbin said, smoking a cigarette. “The four prefecture-city commercial banks and Huaihai Securities, plus provincial state-owned enterprises and state-owned enterprises in Xucheng City, corporate loans, as well as large and small private enterprises. Lending companies, the province and Xucheng may find themselves in a hole of eight or nine billion yuan this time. In addition, the loans lent by several national commercial banks are not small, and the province and Xucheng may not have to pay for several The holes of the national commercial banks should take responsibility, but in the later period, several national commercial banks will inevitably double down on lending in Huaihai, which will have a greater negative impact on Huaihai…”

Huaihai’s current supply of money mainly depends on several national commercial banks.

Once several state-owned commercial banks were hit hard in Huaihai, and the management of the provincial-level institutions of state-owned commercial banks in Huaihai was purged, the loan quotas of several state-owned commercial banks in Huaihai would inevitably be significantly tightened in the future.

Without the loans from national commercial banks, it is difficult for many engineering projects in Huaihai Province to obtain sufficient construction funds, and the impact will be too great.

Shen Huai sighed lightly and said, “Let’s deal with it coldly for a while. This mess really can’t be left to rot to the end. How to clean it up depends on how all parties compromise.”

It is inevitable that Pucheng’s debt crisis will lead to huge losses, but the key depends on how the losses are apportioned, and it is not easy to let Cui Weiping, Hu Lin and others get the hang of it.

From the next day, the three listed companies of Pucheng Electric, Jianghe Phosphorus and Qianxi Agricultural Machinery were all suspended from trading.

Although Pucheng Group is the major shareholder of these three listed companies, in addition to Pucheng Group and the shareholders of large and small tradable shares in the secondary market, these three listed companies also involve a number of non-tradable shareholders.

The joint working group under the auspices of Xiong Wenbin, while investigating the debt issue of Pucheng, is more important to unite the other shareholders of the three listed companies, and together with the management team of the listed companies, first strive to maintain the daily operations of the company. .

For financial institutions that lend huge sums of money to Pucheng Group, Pucheng Group holds equity interests in three listed companies and is the most important loan collateral.

Whether the listed company can maintain normal operations and whether it can successfully complete the cut with Pucheng Group is the key to reducing losses and controlling the impact.

However, the factors involving people’s hearts and morale cannot be recovered simply by hard work.

During the investigation period, the three listed companies of Pucheng Department can suspend their trading indefinitely, but Huaihai Securities could not enjoy such treatment, and traded again after only one day of suspension.

In just two weeks, Huaihai Securities, once a provincial star listed company, lost more than three-quarters of its market value, dragging down the stock prices of all listed companies in Huaihai Province by 10%-50%. Even Listed companies such as Meixi Holdings and Lanshan Petrochemical, which are affiliated to Meishan Iron and Steel Group, are also difficult to stand alone, and their stock prices have dropped sharply.

Financial institutions, as well as large and small companies involved in lending to Pucheng, can more or less hold their breath.

The large and small private lending institutions involved in the Pu Cheng case were hit hard by this, either going bankrupt, maintaining a bleak maintenance, or the person in charge fled the money. Together, it has become the most troublesome trouble in Huaihai Province.

************************

Shen Huai never participated in the handling of the crisis. It was in late July that Xu Pei called him to the office.

Although Shen Huai could see Xu Pei frequently appearing under the news cameras during this period, but walking into Xu Pei’s office and looking at him up close, he could see more clearly that he was in trouble with the Pu Cheng case during this period. , The heart is haggard, giving people the feeling of being more than ten years old at once.

“The investigation of Pu Cheng’s case has already reached a preliminary conclusion. Next, it will be handed over to the procuratorate for further evidence collection, so as to facilitate the investigation of the criminal responsibility of the relevant persons,” Xu Pei said about Pu Cheng’s case straight to the point, “The next step is more critical. The most important thing is to clean up this mess, not to destroy the great development situation of Huaihai. But the only thing that can clean up this mess right now is Huaihai State-owned Assets—the preliminary investigation has also investigated Pu Cheng, and Pu Cheng is still a little bit. family…”

Shen Huai pondered for a while, and said, “I don’t know much about the specific situation, whether Huaihai State Assets can bear the heavy burden, I still have no confidence…”

Xu Pei stared at Shen Huai’s face for a few seconds, and finally knew that it would be difficult for him to force Shen Huai to take over this mess.

Pu Cheng’s case has dealt a great blow to Xu Pei’s reputation. Apart from Xu Pei’s personal hope that Huaihai State Assets can take over and clean up the mess left by Pu Cheng, other members of the provincial government’s party group are all worried that this inadvertent move may lead to a crisis caused by Pu Cheng. It spreads to the whole province’s state-owned assets system.

Once this happens, it will be a fatal blow to the entire economic development situation of Huaihai Province.

Xu Pei could neither persuade the provincial government to hold a unified opinion, nor persuade Shen Huai and Huaihai State-owned Assets to take the initiative to take responsibility, but when it was discussed at the provincial standing committee meeting, the opposition of Cui Weiping, Chen Baoqi, Dai Lesheng and others can be imagined. .

“Okay, then your party members will study this matter first, and the province is not in a hurry to answer.” Xu Pei was helpless and could only say that first.

Although Jiang Yibin also served as the chairman and party secretary of Huaihai State-owned Assets, if Shen Huai did not actively cooperate in this matter, Xu Pei also knew in his heart that forcing the mess to Huaihai State-owned Assets to solve, it is very likely that a bigger one would be hit. mess.

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After coming out of the provincial government building, Shen Huai didn’t rush into the car, he stood on the edge of the parking lot and lit a cigarette.

I don’t know where Li Gu got out from and came over to ask for a cigarette.

“You still haven’t let go.” Li Gu exhaled and said leisurely.

“How can I let go?” Shen Huai laughed, “After finally controlling the influence of Pu Cheng’s case, you are not afraid of dragging Huaihai state assets into it?”

“Can Huaihai state assets be so fragile?” Li Gu asked with a helpless smile.

“How many people will be pushed down this time?” Shen Huai asked Li Gu on a different topic.

“The Provincial Securities Regulatory Bureau and the Finance Office are a swindle. In addition to illegal fundraising, there are some problems with Pucheng’s participation in the reorganization of Jianghe Phosphorus Industry and Qianxi Agricultural Machinery. In addition, in addition to some local officials, Huaihai Securities will be involved in the restructuring. Ding Jianguo,” Li Gu said with a bleak smile, “this is just a preliminary conclusion…”

Shen Huai knew that Li Gu’s preliminary conclusion meant that if the influence would no longer continue to expand, the involvement would be controlled to this level. Hu officials such as Cui Weiping and Chen Baoqi were still hiding behind the scenes like poisonous snakes, and they would never underestimate what they would do. Pierced fangs.

“Zhao Moshi is eager for quick success. Private enterprises also have natural shortcomings, but Pucheng Group has made contributions to Huaihai’s economy over the years,” Li Gu pulled Shen Huai to smoke in the shade of a big tree beside the parking lot. Said, “Let’s talk about Pucheng’s mergers and acquisitions in the past few years. Those many companies have been consolidated under Pucheng’s banner. These companies have more or less problems in their operations before, otherwise it would not be so easy to let go locally. Pucheng The integration of the company cannot be considered a success, but the operating conditions of these companies have improved somewhat, or at least not worsened. Although the hole that Pucheng has stabbed now is a bit big, Pucheng still pays out the tens of billions of M&A funds truthfully. It actually falls into the pockets of the localities, used for infrastructure and people’s livelihood, used to support local economic development, and contributed to the improvement of the landscape, and it has not been wasted…”

“Well, I must give Pu Cheng a score. The merits and demerits will be deducted, and it will never be a negative number. This will not be against Zhao Moshi because of my personal relationship with him.” Shen Huai laughed.

“The three listed companies will be re-listed and traded in two days, so they can’t stop trading. Once they re-list and trade, the stock prices of the three listed companies will definitely continue to fall. The market value has shrunk by half, even like Huaihai Securities. It is possible to reach a quarter, but the foundation of the three listed companies and other assets of Pucheng Group outside the listed companies are actually still there, and they have not gone away. Now there is just a lack of individuals to stand up and turn the tide. “Li Gu said.

Shen Huai said with a wry smile: “Secretary Zhong will retire in less than two months, and Governor Xu will most likely not be able to take over Secretary Zhong’s seat. The entire Huaihai Province will have to be replaced, don’t say that I don’t have this ability, even if I gain some trust. , you asked me to stand up and turn the tide at this time, but pushed me into the fire pit?”

Without the case of Pu Cheng, Xu Pei might have succeeded Zhong Limin as the secretary of the provincial party committee. Now all this has become empty. In Huaihai Province, in two months, the situation will have undergone earth-shaking changes.

Xu Peidu may not be able to secure the seat of the provincial governor. Most of the new provincial party secretary who succeeded Zhong Limin was a member of the Hu clan. At that time, the Hu clan ruled the family in Huaihai. Shen Huai may have sympathized with Xu Pei at this time. situation, and then move forward without knowing whether to live or die?

He now has to consider how to deal with the future situation where the Hu clan dominates the Huaihai family.

Li Gu sighed softly in his heart. Others only saw Shen Huai’s arrogance and domineering, but it was hard to guess that he had carefully sought a balance between the Jingjing Department and the Hu Department in the past few years~www.mtlnovel.com~ Seeking for the Meigang Department The thought of developing space can only be blamed on Pu Cheng’s case for letting the Department of Economics and Economics lose too many chips. In fact, this also means that Shen Huai and the Department of Meigang have lost the calm space for both sides.

Before Cui Weiping, Chen Baoqi and others did not make a clear statement, Shen Huai’s posture was restrained and conservative, which only showed that Shen Huai was more calm and mature in the faction.

“It wasn’t Governor Xu who asked me to come to you to say this,” Li Gu said. “It’s Secretary Tian who wants you to take more responsibility for Huaihai…”

“what……”

Shen Huai has absolutely no sympathy for Xu Pei. Without Xu Pei’s support, Pucheng Group would not have been able to carry out such a radical M&A in the past two years. With Xu Pei’s support, there is no reason to want to see Meigang Group and Rongxin Group enjoying themselves. The biggest achievement of Huaihai’s economic development is that Xu Pei himself lost the great situation of the Department of Economics and Economics in Huaihai. Why should he take responsibility for Xu Pei?

It’s just that Shen Huai didn’t realize that Secretary Tian Jiageng still hoped that he could make a difference at this time.

Shen Huai could guess that Pu Cheng’s case caused great disturbance in the entire Department of Planning and Economics. He had made up his mind to stand by and watch, but he could not bear to live up to Secretary Tian’s expectations for him.

“Okay, I’ll go back and think about it…” Shen Huai said.

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