Beiyang reactionaries

"That……"

Alexander Stephen couldn't decide yet.But Gong Ziyu said that, so he couldn't refute it directly.So he said: "Gong, how about this. Let's investigate the current situation of each stock exchange first, and then make a decision. What do you think? I believe it will take a day or two."

"it is good."

"Also, Gong. This time we..."

"Boom boom boom——"

"what happened?"

The two were talking about important topics, but a staff member rushed in.

"Dapan, Manager Gong, something big has happened."

"how?"

"Just now, just now. Bank of China Governor Zhang Jiaao and Director of Commerce Song Hanzhang held a press conference."

"They're announcing that they're going public?"

Both Alexander Stephen and Gong Ziyu were very surprised.

According to their thinking, even if the listing plan is announced, it should not be now.How could it suddenly announce that it was going to go public? It was too fast.

However, once the listing is announced, HSBC needs to make an exit plan immediately.

Because you have to quit.

Stock market prices go up, not really high stock market prices.It's all because of good gossip.When the real news came out, the gossip became real news.Then this news will stimulate the securities market for a period of time, and then it will calm down immediately.

There are too many large companies listed on the market, which dilutes funds instead.

The result is that the share prices of other companies in the stock market will now be lower.Smart people know this.

"Gong, get ready to quit."

"it is good."

There is no disagreement between the two at this time.

It's time to retreat, it's time to stop.Anyway, this time HSBC has made amazing profits. Tens of millions of funds entered the securities market, and more than 2000 million funds will eventually come out. Maybe with luck, 3000 million funds will be withdrawn.

"Taipan, Manager Gong, no, it's not going to be listed. Zhang Jiaao, the governor of the Bank of China, rebuked the fake news circulating in the market at today's press conference. It means going public. Several large companies controlled by the government also have no intention of going public. The news circulating in the market is all fake."

"what?"

"What did you say?"

418

January 1924, 1 was a very ordinary day for the people of the whole country.

Had no idea what was going on.

Because it has nothing to do with their lives.Although the current information is much more advanced than that of 100 years ago, it still does not belong to the information age.In most parts of China, the roads are very simple.Those people don't even know what a telegraph is.

So what happened in big cities has nothing to do with them.

But for the Shanghai financial circle, there was a big earthquake, a magnitude [-] earthquake.Because in the press conference held by Bank of China President Zhang Jia'ao, Director of the Ministry of Commerce Song Hanzhang, and Shanghai Mayor Yan Huiqing, Zhang Jia'ao responded to the "rumors" circulating in the market recently.

Say it's all rumors.

fake.

The Bank of China has never planned to list several large banks controlled by the government, and the rumored large companies controlled by the government have no plans to go public either.

This is fake news from others.

Shocked on the beach.

why?

Because I don't know how many people entered the stock market because of this rumor.All the banks and money houses in Shanghai, as well as a large number of wealthy people in Jiangsu and Zhejiang provinces, joined the speculation in the stock market.

A large amount of funds poured into the securities market within more than 20 days.

How much money has entered?

Hundreds of millions of silver dollars and even more funds poured into the securities market.HSBC invested more than 2000 million silver dollars in one bank, and other banks, even those small banks, invested 10,000+.

All kinds of banks are more courageous.

Many banks even choose to borrow from HSBC and then invest the money in the securities market.In addition, the rich in Jiangsu and Zhejiang, and even some industrial bosses, also took advantage of this opportunity to invest funds into the securities market.

What HSBC relies on to control the financial market in Shanghai depends on the amazing funds it has in its hands.Give them loans to banks and money houses in Shanghai, and collect interest from them to make money.

And what about those banks and money houses in Shanghai?

Take a loan from HSBC and then lend that money back.HSBC's loan interest is lower, and the loan interest of these banks and banks are usury.

HSBC is relying on this method to control the financial order in Shanghai.

Because the banks and banks in Shanghai, as well as the industry and commerce in Shanghai, have formed a set of rules.Everyone has to act according to the face of HSBC.

Once HSBC tightens up loans, those banks and banks in Shanghai can only follow suit.At that time, the industry and commerce in Shanghai can only beg grandpa to sue grandma.

Therefore, those banks and money houses in Shanghai basically follow the lead of HSBC and listen to HSBC.

But now?

The news is false, which means that the current stock market price is also inflated.It was all pushed up by these sudden funds.This is a big problem. It is equivalent to saying that the current stock market is full of bubbles.

How to do?

run.

For a moment everyone thought the same.

It can be said to be easy, but it is so easy to go anywhere.Zhang Jiaao has brought so many people in, how are they going to run now?If you want to run, the stock in your hand must be taken over by someone, that is to say, you must have the funds to take over the order.

Originally, many people wanted to continue to enter the securities market.

But the news was false, and Zhang Jiaao came out to refute the rumors himself.Which one of them is stupid enough to come in and take the offer.No one came to take the offer at all, and now everyone hates that they have lost a leg, and everyone wants to run first.

what's the result?

Plummet.