In Tai Hua Trading's office, Feng Yu was holding a copy of the < People's Daily > in his hands. The headline was < The necessity of setting up the stock exchange >!
It was brought forward. It was really brought forward!
Feng Yu had a premonition that he had slightly affected the course of history. Although he did not invest a lot of funds, but it caused a huge impact in the 3 provinces in the Northeast.
In a remote area, the shares were selling faster than the coastal areas in the south. Luckily, this attracted the attention of the economists.
Especially in this life, Bing City's economy did not decline as fast as in Feng Yu's previous life. Bing City's GDP growth was at the bottom for several years. Instead, Bing City's economy was recovering fast and was about to catch up with Shen City.
The higher-ups had investigated and found out that a few state-owned enterprises in Bing City had been revitalized. For example, the Motor Factory had cooperated with a private company to develop the plastic electric fans. Their losses had turned into profits. Then, they worked with the Aviation Factory to develop the humidifier, which was the most popular home appliance in Europe and Asia.
Bing City's plastics factory and other factories' sales and profits were also increasing. Not only they had recovered to their peak a few years ago, but they had even overtaken them.
There were also textile factories, clothing factories and other light industries that had developed rapidly. Based on their research, it was because they had bought a batch of Soviet Union's advanced machinery at a low price and changed their production technologies.
The most representative example was Bing City's Machinery Company. This factory was one of the lowest ranked machinery factories in China. In the past, their products were only sold to Liao Province. Although they did not make any losses, their profits were not high. Relying on the 3 provinces in the Northeast to produce agriculture machinery, they could only make a small amount of money. This showed that this Machinery Company was not very good.
But at the end of last year, Bing City's Machinery Factory was restructured. They imported the Soviet Union's advanced machinery and technologies. There were also investments from Hong Kong businessmen and the Bing City Government. This company, which was previously one of the lowest ranked machinery factory, was now one of the top companies in China. Their agriculture machinery, especially plows and tractors, were sold all over China. Their profits were much higher than before the restructuring!
At first, everyone thought that this Machinery Company was only specialized in agriculture machinery. But no one expected that this company had imported the motorcycle production line and technologies from the Soviet Union. They heard that the motorcycle production line and technologies were still being tested. At the end of this year, their own brand of motorcycles would be launched!
It was not only Bing City. Many cities in Longjiang Province, Lin Province, and Liao Province were also using the Soviet Union's machinery. The technologies were all innovated, and this led to the three provinces in the Northeast to develop their industries and economies.
The experts realized that they had underestimated the old industrial base of the three northeastern provinces. They did not expect that it would have a second spring. According to their investigation, Treasury bond transactions in the past two years were more frequent in the three provinces in the Northeast and were no less than those in the coastal cities in the South.
Thinking about how the stock market was so popular in the three northeastern provinces, could it be that the people in the northeast had a better financial sense than the people in the coastal areas? Or was it because the people in the Northeast were rich and were willing to invest in securities and financial products?
If the financial market in such a remote place like the Northeast had developed to such an extent, then it meant that the people in China had a high level of trust in the securities market. It was time to regulate the market and catch up with the developed countries in Europe and the US to revitalize China's economy!
So, the group of economists started to study the stock market. In the end, they agreed that it was time to spread the news that they will set up a stock exchange to stimulate the stock market and cash flow. They wanted to see if the stock market was moving in the direction they expected.
When Feng Yu saw today's newspaper, he knew that the stock prices were going to rise. Although the shares had just been bought not long ago, the people from Tai Hua Trading were still worried, especially Li Shiqiang.
The rest of the people from Tai Hua Trading had only bet all their assets. Even if they lost money, with Feng Yu's promise, Feng Yu would definitely compensate them for the losses. But Li Shiqiang was different.
He had bought more than 10 million RMB of shares, and most of the shares were loans. It was two loans and he owed two banks.
This amount of money was nothing to Tai Hua Trading. But to Wind and Rain Logistics, it was a huge sum of money!
Although Wind and Rain Logistics was making profits, it was not very profitable. In the next two months, there might be a lot of transportation orders for the freshly harvested grains. This would allow Wind and Rain Logistics to make more money. But compared to the debts, it was nothing.
Just the monthly interest of the loans was making Li Shiqiang's heart ache. How come Hong Kong banks' interest was higher than ICBC's?
Feng Yu had promised him that these shares would not lose money and the prices would rise before the end of the year. But it had been more than two months, and there was no increase in the prices. How could he not be nervous?
It was not easy for him to leave Tai Hua Trading and become the boss of Wind and Rain Logistics. If these shares were to lose money, he would have to go back to Tai Hua Trading?
Almost every day, Li Shiqiang would go to the securities counter of the bank to check if the shares had risen or not. But every time, he would be disappointed. The prices of the shares were still the same. There was no increase at all!
Today, Li Shiqiang went to the bank again and got the same answer. Looking at the girl at the counter, Li Shiqiang felt pity for her.
Back at the company, Li Shiqiang sat in his chair listlessly and lit another cigarette.
Someone knocked on the door, and Li Shiqiang shouted "come in". What's the matter again? Do they need to ask him about everything? What's the use of hiring these people?
"Brother-in-law, you are smoking again. My sister is pregnant. Didn't you say you want to quit smoking? "Feng Yu laughed and asked.
Li Shiqiang looked up and saw Feng Yu. He lowered his head and continued smoking.
"Brother-in-law, take a look at this newspaper."
Huh? Read the newspaper? Why do you want me to read the newspaper for no reason?
Li Shiqiang took the newspaper and glanced at it. XX leader inspecting XX factory. What's there to read? He continued to read, and it was still the same news.
Just when he was about to put down the newspaper, he saw the word "shares". This word was like a magic spell. It caught his attention.
< The inevitability of setting up the stock exchange >?
Li Shiqiang read on patiently. The more he read, the happier he was.
Feng Yu had told him that when the country wants to set up the stock exchange and regulate the financial market, it will be the time for the share prices to rise.
This was the < People's Daily >. If the higher-ups said that there will be a stock exchange, then it must be done!
If the stock exchange is going to be set up, then the share prices will rise?!
Li Shiqiang looked up and asked excitedly: "Xiao Yu, is this the thing you told me about?"
Feng Yu smiled and nodded. He did not expect this to happen so soon.
Li Shiqiang jumped up and clenched his fist. I won the bet! I won the bet!
You've already exceeded your reading limit for today. If you want to read more, please log in.
Login
Select text and click 'Report' to let us know about any bad translation.
