Chapter 608 Follow Me From Now On

"Those who work in our circle are more likely to be alone, but they also need to be smart and make friends." Song Yuanping replied, "Mr. Tang's reputation is certainly very resounding, and the Troika attracts the attention of the world, but The Hunan torch I hold has nothing to do with him, but I took it from someone else."

It turns out that some time ago, a friend who held Hunan Torch legal person shares encountered trouble, so he transferred 20 million legal person shares to Song Yuanping, and ran away to Australia, immigrated, and planned never to return to China. Song Yuanping was so much cheaper that 20 million legal person shares were discounted at 20% off their par value.

After hearing this, Fan Wubing admired Song Yuanping's luck. In fact, he didn't have to go to such trouble to speculate in Kangcheng shares. Just holding on to the 20 million shares of Xiang Torch's legal person shares was enough to bring him benefits. I have made more than one billion in income, but now that I am going through so much trouble, I really want to beg for food while holding onto my golden rice bowl.

However, he couldn't blame Song Yuanping for this. Although he knew very well that the Delong Department was determined to hype the troika including Hunan Torch, but he was not sure to what extent the other party would speculate on this stock?

Of course, the most important point is that Song Yuanping and Cui Dingshan played too hard and borrowed a lot of debt to invest in Kangcheng Technology. Now they are stuck in the mud and can't get out, so even though they know that the shares of Hunan Torch Legal Person in their hands are valuable , but they had to continue to recruit people and raise funds in exchange for getting rid of Kangcheng Technology.

"It's not good to be in charge, it's easy to become a dictator." After a pause, Fan Wubing said to Song Yuanping.

The bookmaker in the domestic stock market is an institutional product.

First of all, those state-owned enterprises with poor quality that went public simply because they had to solve various difficulties such as funding are the first factor for the bankers to survive. These companies fell into trouble again soon after they went public, and were thus reduced to shell resources and meat on the chopping board, ready to be slaughtered.

Secondly, the existence of non-tradable shares allows bookmakers to easily control those companies through very cheap and gray means. Furthermore, the immaturity of the regulatory mechanism has allowed all lawless hype techniques to fly.

For a long time, the most popular term in the Chinese stock market has been theme. As long as you dare to imagine and act boldly, you may achieve a career. In such an age of indulgence, the temptation of money and the amplifying effect of capital have made countless people willingly abandon all norms. As a result, the domestic stock market has become a barbaric zone with the most moral bottom line.

According to research, around 1999, the annual stock turnover rate of the Chinese stock market reached 400%, and the average holding time was only about three months. During the same period, the stock turnover rate of the New York Stock Exchange in the United States was It is 86%, with an average holding period of 1.2 years. The annual turnover rate of stocks on the Singapore Exchange is 30%, and the average holding period is three years. The strong color of speculation in the capital market directly causes the distortion of the behavior of listed companies.

The financing function of China's stock market has shrunk extremely, and the possibility of industrial companies to grow through this has been basically lost.

Song Yuanping replied nonchalantly, "What's that? There's no bookmaker on that stock? Some of them are just speculating on themselves. What are the regulations of the regulatory authorities and what effect can they play? Even if they are violated blatantly, there are many ways. Methods can avoid those rules and regulations to achieve the goal.”

Fan Wubing shook his head and smiled and said, "Does the government need a reason to deal with you? I don't believe you don't have any clues to find out. When the time comes, all you need to do is magnify one of the faults infinitely, and it will be enough for you to drink. "

"The government has to be reasonable." Song Yuanping said, then paused, and then said to Fan Wubing, "Besides, if the sky falls, there will be a big man to support it. My little family fortune is not as good as Mr. Tang's He has some courage, but it’s not worth mentioning.”

Fan Wubing nodded. He was quite familiar with the arrogance of the Delong faction. Speaking of which, the idea of ​​the Delong faction was good, but the biggest flaw in the business logic of Tang's strategy was that the profitability of traditional industries was impossible. After a short-term explosion, its ability to feed back the financial sector is very weak. In the years with the best efficiency, the total net profit of the "troika" was less than 300 million, which is far from being a miracle of efficiency. Therefore, the performance of industrial integration cannot support the capital flows required for financial expansion. In order to keep Delong's stock price at a high level, Tang Wanxin had to build an expensive and secretive financing platform.

On the one hand, he continued to publish dazzling merger announcements in the capital market and exaggerated the performance of industrial integration as a means of speculation to stabilize and increase stock prices. On the other hand, Delong founded and controlled a number of trust financial institutions. , and at the same time carry out entrusted financial management business through various legal or illegal methods in many fields such as banking, securities, financial leasing, insurance, funds, etc.

Through these means, the Delong Group has raised a total of 25 billion. This gray and irregular operating model gradually transformed Delong into a financial monster of staggering scale and extremely dangerous. According to calculations, Delong's annual expenses for maintaining a high stock price are one billion yuan, and the interest paid for financing exceeds three billion yuan. In other words, at least four billion yuan of funds can ensure the normal annual performance of the Delong Group. operation. This is a chilling figure, and its high financing costs doomed the Delong Group to a disastrous fate from the beginning.

In order to find funds, the Delong Department has almost gone to great lengths. Under Tang Wanxin's deployment, Delong identified nearly 2,000 companies with annual sales revenue of more than 50 million yuan across the country as key customers, assigned them to its numerous securities and financial institutions by region, and conducted development through a carpet search.

When an enterprise needs a comprehensive financial service, banks, trust companies, securities companies, leasing companies, and insurance companies that have business agency or equity ties with Delong will come to their door respectively, but in the name of different financial institutions. It is a collaborative way to develop services. They sign contracts with enterprises in the name of entrusted financial management. There are two such contracts. One is for regulatory authorities to use during inspections, and the other is a supplementary contract indicating the guaranteed income promised by Delong, which is confidential.

Generally speaking, the guaranteed income provided by the Delong Group ranges from 3% to 12%. Later, as the capital chain became tight, it rose to a maximum of 18%. In order to facilitate work, the Delong Department also specially designed a "Financial Product Manual". It is loose-leaf and can be replaced at any time according to which financial company is needed and which financial service the other party needs.

Fan Wubing said to Song Yuanping, "The Delong clan is taking a road of no return. The violent tiger Feng He who died without regrets as Confucius said refers to such a person. I heard that he had a self-made motto , But those who gamble with our lives must be the most wonderful. Such people have deviated from the right path and will inevitably suffer backlash."

Song Yuanping chuckled and said, "I've heard of this too. It's said that he has a farm in Yumin County, Xinjiang. There is a big plaque hanging in the conference room with the words "I am the only one who respects me" written on it.

Fan Wubing said, "Men, it's good to be ambitious, but when your ambition is so big that you can't control it, it's dangerous. Now the Delong family is in deep trouble."

Delong, led by Tang Wanxin, has grown from a small company located in the northwest border to a financial and industrial empire that once controlled assets of more than 120 billion. It is involved in an amazing number of industries, from ketchup, cement to automobile parts. Accessories, power tools, heavy trucks, to seeds, mining, retail, etc., and the financial companies it controls through various direct and indirect means are equally impressive, from trusts, securities, leasing to commercial banks, It covered almost all financial instruments, but his ambition swallowed up both himself and Delong.

"Mr. Fan's career is much bigger than that of the Delon Group." Song Yuanping saw Fan Wubing talking about ambition, so he said a little teasingly.

Fan Wubing smiled and shook his head and said, "There is no way you can compare with me. I have never lacked cash flow, and I am also engaged in industry in China, but you are just the opposite. In essence, the capital market is about capital. The game itself does not create value. Even if the Delong system has created a huge empire with a market value of hundreds of billions, it is just a mirror. Once there is a problem in a certain link, the city will collapse. "

"For the time being, I can't see the Delong team reaching this point." Song Yuanping replied.

Although Fan Wubing said how serious the danger of the Delong system was, so far, there has been no sign that they are about to collapse. The Delong system was developed by a small company in four years. How could a large holding company that has become such a powerful and powerful company seem to be the object of admiration by all mainstream economists? How could it disappear overnight?

Yes, Fan Wubing is indeed unmatched, but you can't just look down on everyone else so badly, right? A successful young man, a self-made man, and unparalleled power are all things that people can look up to, but you can't underestimate the heroes of the world, right?

"Actually, I am willing to say so many things to you because I still have some thoughts." Fan Wubing raised the wine glass in his hand, clinked it with Song Yuanping and said.

"Song is all ears." Although Song Yuanping thinks highly of himself, he still has to keep his tail between his legs in front of the young genius who created the huge Fan Investment Group. He also wants to hear what advice Fan Wubing has for him. he.

"From now on, you might as well come over and hang out with me." Fan Wubing said slowly.

After Song Yuanping heard this, he suddenly felt a little stunned. After all, he was also a proud and arrogant person, and he could be considered a small success in the industry. Although he was indeed a little depressed now and owed a lot of debt, but who would Can you say that after obtaining sufficient funds, you cannot hype up Cannes Technology and make a comeback?

Of course, being a banker requires a very strong force. In addition to guarding one's own territory, one must also coordinate external and internal relations. Not only must one be on guard against dragons crossing the river, but one must also be on guard against listed companies. It is indeed more laborious and laborious to do something dirty by yourself and not cooperate and hold things back.

But there is also a point. The Chinese have a saying that they would rather be the head of a chicken than the queen of a cow. Song Yuanping is also a traditional figure who is deeply influenced by this idea. How could he easily agree to Fan Wu? Ill, from being my own boss to being his wage earner?

"I'm more optimistic about you -" Fan Wubing picked up a tissue and wiped his mouth. Then he waved his hand and a staff member came over with a file bag.

Fan Wubing took out a piece of information from it and showed it to Song Yuanping. At the same time, he said to him, "I understand your current situation very well. You are very ambitious and want to do something great. But you must also see that , although the current investment environment in China can make all the difference, if you toss and toss, it is nothing more than making wedding clothes for others. Even if you can make one billion or two billion in one go, but if you divide it into your own hands, you can How many?"

Song Yuanping was really shocked by the information that Fan Wubing brought out. It clearly recorded his various operating techniques and very accurate relevant information, down to the precise day on which he did important things. , all in all, it made his face paler and paler, and it took a long time before he heard Fan Wubing's question.

"Even if I make two billion, I can only get a maximum of 100 million, which is huge. But what I enjoy most is the feeling of being able to manipulate the market. Watching a stock be completely controlled by me, mentally The pleasure is indescribable." Song Yuanping replied with a wry smile, "But Mr. Fan, where did you get these things?"

Fan Wubing smiled slightly and said, "I can get this kind of thing, and so can others. Judging from these operations, they are basically illegal, and some are suspected of illegally absorbing public savings. The two charges are aggravated. You can't stand it, not to mention that it involves stock price manipulation? If you're lucky, you'll be fined and the illegal gains will be confiscated. A sentence of ten or eight years will be considered light, but in more serious cases it will be a death sentence."

Song Yuanping picked up a piece of paper towel and wiped the cold sweat on his forehead. He started to worry about it in his heart. If it was like what Fan Wubing said, his every move was actually under the eyes of others. If such a day comes, as long as a day or two of these information are implemented, I will be in jail.

Could it be that after all these years of hard work, I am still just a wage earner? Song Yuanping's heart was still a little uneasy, and the meal was tasteless.

"The treatment I give you is still very good. You can take a look for yourself. The basic salary plus dividends. As a professional manager, I'm afraid you will never find such conditions again in China." Fan Wubing took out another He picked up a piece of information and threw it to Song Yuanping.