Vol 2 Chapter 505: Biggest winner

It's over!
This is Sun Zhenjiang's first thought flashed in his mind after hearing the words on TV.
As a speculative businessman, he knows the situation of the entire market very well, as well as the psychology of buyers and sellers in the market. The Planning Commission successively put more than 20 million tons of steel into the market, and all the speculators' funds were locked in. At this time, the price was suddenly announced, and at the same time, it threatened to sell another 5 million tons of steel, which is equivalent to Everyone has kicked hard with their shaky confidence. Speculators such as Liang Zhaohui and Ling Yiping will definitely collapse.
In fact, it is not important whether the Planning Commission has 5 million tons of steel. As long as it can take out hundreds of thousands of tons of steel and pass the initial wait-and-see period in the market, speculators will be unable to start. Shipment in one fell swoop reverses the supply and demand relationship in the market. At this time, he and Pittston had nothing to say, the only effect was to arouse Liang Zhaohui's anger at themselves.
"Isn't your country saying that it is going to liberalize the control of steel supply and marketing, and how has it changed now? What are the differences between the policies announced by the Planning Commission and the previous controls?" Pittston held Sun Zhenjiang angrily.
Sun Zhenjiang said with a crying expression on his face, "Pittston, you still don't understand? China is not the United States or South America. China has a strong government, and no one can play the government. Indeed, China The government has said that it will release the supply and marketing controls, but it did not say that it can no longer take back this power. We are wrong to belittle this government too much. If we don't play so big, it won't make such a killing move. "
"No, I must immediately sell the stock of steel. There is only a maximum of 10 million tons of demand in the market. If we sell late, even if the price is not high enough, then it is really over!" The next Sun Zhenjiang, rushing back to his computer, started crackling on the keyboard, then picked up the phone. Began wow wow wow, the instructions to dump goods.
Sun Zhenjiang naturally understood this, and he grabbed his elder brother. He also issued a mad instruction to his little puppies, telling them to sell the steel stored in various warehouses at all costs, and to act on the price.
In fact, when Sun Zhenjiang and Pittston were in this game. It is already on a tightrope. They use the way of stocking to aggravate the tension between supply and demand in the market and keep prices rising. However, due to the large amount of steel thrown out before and after the Planning Commission, they have unwittingly hoarded more steel than the market demanded. That is to say, even if the market price rises to a high level of 4,500 yuan as they wish, they will not be able to sell all the steel at this price, and those steels that exceed user demand will be held in their hands.
The wishful thinking made by Sun Zhenjiang and Pittston is to trick other speculators to continue stockpiling and secretly ship to escape. What they did not expect was that the Planning Commission would come to such a move. Breaking this bureau directly through TV speech, so that Sun Zhenjiang and others have no buffer time at all.
At this time, all they can do is hurry up. Use more than 3,000 yuan per ton of steel stock. It was sold at a price of 2500 yuan per ton and the funds were withdrawn. In later terms, this was called "cutting meat." Knowing that cutting meat is a painful thing, but what options do they have, if they don't dump it at this time. When the market is saturated, you will not be able to sell it. It's even worse.
Steel placed in the warehouse, not only cannot add value, but also consumes a lot of storage costs, and the occupied funds must generate high interest every moment, which is simply called a blunt knife pulling meat.
As the speculators circled the scene, a new piece of news made them worse: Daqin Group announced that it would invest 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 production, the country's steel production capacity will increase by 15%, which will greatly ease the tight supply and demand situation of steel throughout the country. Coupled with the news of steel investment in other places, speculators know that the possibility of further rise in steel prices has completely disappeared. For a time, the tide of selling steel stocks swept across the country, and the price of steel products once fell to a low level of less than 2,000 yuan per ton. As a result, the Planning Commission had to order local material departments to purchase steel in order to protect the profits of steel mills.
"As far as I know, the money your group uses to build a new steel plant is all made by you this time. You are the biggest winner in this incident." Wang Hongsheng reported to his office in his office. Qin Hai said with envy.
"Director Wang has wronged me. I clearly ordered to act and worry about the country. What can I say about frying steel?" Qin Hai denied with a smile.
Wang Hongsheng said, "Dare you say you didn't make any money this time?"
"Well, just by the way, I made a little bit of it, which should also be said to be kind and rewarding." Qin Hai said.
Sun Zhenjiang and the Meson Fund speculated on the steel market, pushing the price of steel to the highest level of 3,800 yuan per ton. They mistakenly thought that what they were eating was the reserve steel of the Planning Commission, but they did not know that it was all Qin Hai imported from abroad through Chunshan and Spain's Leonardo and others. The price of steel on the international market is only more than 300 US dollars per ton, which translates to RMB 1,600. Qin Hai sold at an average price of 3,000 yuan per ton, with a half profit.
In order to help the Planning Commission stabilise steel prices, Qin Hai imported more than 10 million tons of steel before and after conversion, and earned a profit of more than 10 billion. These money are all money of speculators, including the money sent by meson funds through underground channels. There is no psychological pressure for Qin Hai to make such money.
Of course, no one can earn such money. At that time, it was not only Qin Hai who saw the difference in steel prices between the Chinese and foreign markets. Many people thought about importing some steel products from abroad to the domestic market to earn excess profits. The key is that only Qinhai can obtain seller credit provided by foreign steel companies, so that they have enough foreign exchange to realize steel imports. Even Wang Hongsheng, who is the deputy director of the State Planning Commission, has no power to do such a business as the Planning Commission.
"Xiao Qin, do you know that there are a lot of discussions about the money your Da Qin Group makes." Wang Hongsheng said.
"What argument?" Qin Hai asked disapprovingly.
Wang Hongsheng said: "Some leading comrades believe that the money you make is to take advantage of loopholes in national policies. It has elements of upsell and downsell, which are illegal income and should be nationalized."
"No, right?" Qin Hai's eyes widened. "Can you count as a shame to kill donkeys? If we hadn't imported the 10 million tons of steel, the meson fund would have been defeated, and the entire country's economic order would have been Disturbance. I imported steel with the permission of the Planning Commission, and said it was awkward. Is it your director Wang crying and begging me to import?
"When did I cry and shout?" Wang Hongsheng corrected melancholy.
"Did you ask me to do this?" Qin Hai asked relentlessly. He would not compromise if it involved tens of billions of yuan. Moreover, what Wang Hongsheng said was really chilling.
Wang Hongsheng nodded and said, "It is indeed the Planning Commission that asked you to do this, and the Planning Commission will not lie."
"That's right." Qin Haidao said, "At that time, the chief director said that he would have to memorize the credits after the incident was completed. Now he can remember the credits, and he remembers the little money we make, which is justified."
Wang Hongsheng said: "Actually, everyone just put forward an idea and did not really want to take your money away. You do n’t know that this time the steel market has suffered a lot of losses from the country. The results of the preliminary calculation and the total loss It may be more than 5 billion yuan. Because of this, some comrades suggest that your Daqin Group help the country make up these shortfalls. "
"Why is there a loss in the country?" Qin Haixuan wondered. "The original reserve steel in the Planning Commission was also sold at a high price and made a lot of difference. Should it be profitable?"
Wang Hongsheng said: "You don't know that this time, the speculative merchants across the country used more than 60 billion yuan in steel speculation, of which more than half of the funds were bank loans. Now they have hoarded the steel and cannot sell it. Even if it is shot, the value will be greatly reduced. As a result, we estimate that a large number of bank loans will become bad debts, which is the loss borne by the country. "
Qin Hai then realized that he shrugged his shoulders and said, "Whoever recovers the money, seals the account directly, and confiscates all the steel in stock. Also, there is a calculation for bank officials who issue loans to speculators in violation of regulations. One, all of them. This kind of thing should the country be able to do? Use the money made by my small business to make up for this bad debt for the country, and it ’s also a loss of your officials? "
Wang Hongsheng was laughed at by Qin Hai's words ~ EbookFREE.me ~ He reprimanded: "Xiao Qin, what do you say! The matter of recovering loans has now started, and Xiao Weihao has also stepped in, it is said that they have arrested Dozens of speculators who are planning to abscond with their funds. As for those bank officials who have illegally lended, they have already controlled dozens of them. This is called Skynet Recovery and will not let them pass the border easily.
As for the use of your money to make up for these bad debts, it is just an idea put forward by individual comrades. This proposal has been rejected by the central leadership. The central leadership said that the Daqin Group had a high level of political awareness and strong management ability in this incident. As for the money made by the Daqin Group, this is a legitimate business income, and it is derived from speculative businessmen. It has not harmed the national interests, and no unit is allowed to get involved. "
Qin Haiwen listened to this remark, and then he felt relieved. He laughed: "Haha, since the central leader said that we are meritorious, that minister thanked the Lord Long En."
Having said that, he also imitated the scenes in the costume television series and made a gesture of knelt worshiping, which caused Wang Hongsheng to cry and laugh again. (To be continued)
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