Society owes me a brother

Share split refers to the shares of listed companies on the Huaxia stock market, which are divided into tradable shares and non-tradable shares according to whether they can be listed and traded on the stock exchange.The main component of tradable shares is social public shares.In other words, it is the stocks that ordinary shareholders can buy in the stock exchange market.Most of the non-tradable shares are state-owned shares and legal person shares. Shareholders holding state-owned shares and legal person shares cannot directly buy and sell stocks in the stock exchange market like ordinary shareholders.But in contrast, the cost of holding state-owned shares and legal person shares is very low for shareholders, but the stock prices they hold are the same as tradable shares.

It’s like buying fruit in the same way. Ordinary customers buy ten yuan a catty in the fruit store, and the cost of the fruit purchased by the store in the fruit cellar is five yuan per catty. Not even a catty.

It is precisely because the holding costs of tradable shares and non-tradable shares are so different, those market makers in the financial market will take advantage of this-when they want to be the banker, they usually directly select a listed company.The scale of this listed company is not large, and the efficiency is not high. The dealers can directly purchase state-owned shares and legal person shares from the shareholders of the listed company at a very low price, and complete the control of this listed company.Then, by continuously producing all kinds of good news, as well as dazzling operations of swapping hands, the stock price is artificially raised.When the stock price rises to a certain level, attracting most of the ordinary investors who don't know the truth to rush to buy them, the market makers will carefully sell their stocks to let the ordinary investors take over, and at the same time attract investors who don't know the truth to buy them. Non-tradable shares in hand.Just as the stock market collapsed, the market makers had already cashed out and fled.

For example, JK Technology, which was exposed at the beginning, did not mean that the dealer bought a farm at a relatively low price, artificially boosted the stock price through various good news and operations of changing hands, and stimulated investors who did not know the truth to invest in the stock market. The trading market frantically snapped up stocks, and then through various mergers and acquisitions and other dazzling means, finally transformed a farm into a so-called high-tech company.Then use this high-tech company as collateral to borrow from banks and raise funds from other social capitals. The funds raised are used to acquire legal person shares and state-owned shares of other listed companies, continuing the previous operation of raising stock prices.This cycle goes on and on until the financial bubble can no longer hold up, or it is punctured by others or bursts by itself...

In his research article, Mr. L clearly pointed out that as long as the equity split system in the Huaxia financial market remains unchanged, operations similar to JK’s technology and financial scams will not disappear.Because the cost of this kind of opportunism is extremely low, and the benefits are too great.In the end, only the people who don't know the truth and the country that has to take over for the bankers will be harmed.

At the same time, Mr. L also mentioned in the research article a series of illegal operations conducted by market makers in order to raise funds for capital operations while taking advantage of the status quo of share splits to speculate.For example, market makers cooperate with financial institutions across the country and ask financial institutions to help them raise funds by offering generous interest rates. In order to earn high fees and interest, these financial institutions know that market makers are manipulating stock prices but turn a blind eye.

Mr. L believes that in the various activities of listed companies in the financial market, market makers can unite all allies to create various good news to stimulate the rise of stock prices. Insufficient, it is impossible to distinguish whether the stock price has risen naturally or artificially.In this case, you can only let others slaughter you.

Therefore, Mr. L also pointed out in the research article that ordinary investors should learn technical analysis even if they want to speculate in stocks.At least learn to look at financial statements and related audit reports.Instead of following what others say, buying up and down in a rush.

To give a popular example, when you look at someone, you know to listen to their words and watch their actions, and the same is true when buying stocks.Don’t just look at the listed companies’ claims in news reports about how many assets they have and how many projects they plan to create, but look at the company’s real income and return on investment.If a listed company's products or investment projects are not competitive in reality, or it is purely "unavailable", then where does its high stock price in the financial market come from?

Mr. L also analyzed the development status of the M stock market and the Xiangcheng stock market in the research article, and then based on the experience and lessons of the two, he proposed where the Huaxia financial market should start if it wants to reform.Although it's just a family's opinion, with detailed data and rigorous evidence, those proposals are actually somewhat feasible.

In order to write this research article, Lu Chi spent a long time changing the draft several times, and almost read all the materials of the Institute of Finance, but the final draft did not exceed [-] words.However, these [-] words are just a few words, and they directly slapped the entire stock market in the face with detailed data.

Lu Chi also built a model in the research article, which directly listed almost all the methods used by dealers to manipulate stocks in the model, and also suggested that interested readers compare the model to pick up stocks by themselves.

In order to allow more readers to understand his articles, Lu Chi tried his best to use enumeration and examples when writing articles, so the text is simple, easy to understand and very interesting.After reading the article, many readers actually took photos of stocks according to the model in the article.As a result, this scrambling turned out to be a disaster—these stockholders were shocked to find that the few stocks that had been booming in the Huaxia financial market with extremely high prices all had traces of manipulation by dealers without exception.On the contrary, the stock prices of some familiar companies in real life are mostly not too high—even less than half of the stock prices of those with traces of manipulation.

No one gave advice before, but now Lu Chi's words awakened the dreamer, and the stockholders and investors who were still tirelessly chasing those high-priced stocks were instantly stunned.Their emotions changed from disbelief to half-doubt, and even quick-moving stockholders directly threw away their stocks and settled for peace of mind.

Under normal circumstances, investors who like to speculate in stocks are mostly those who have spare money in their hands, are keen to pursue new things, or are those who accept new things quickly.In short, most stock speculators at this time use the Internet either to collect information or because of living habits.

So these stockholders who read the article and were skeptical, either got together to discuss in the stock exchange, or discussed online-most of the online discussions chose the communication section of the campus network.For a while, it added a lot of traffic to the campus network.

But these are off-topic, so I won't mention them for now.

It is only said that once Lu Chi's research article was published, it really aroused extensive discussions from all walks of life.All kinds of chaotic phenomena caused by the current situation of Huaxia's shareholding structure analyzed in depth in the article have been confirmed one by one.For a time, the trust of the majority of investors in the financial market dropped to the lowest level.Many people sold their stocks in panic. In just one month, the Huaxia stock market experienced a round of plummeting.The composite index of the Shanghai Stock Exchange plummeted from 3000 points all the way to more than 2200 points.A research article by Lu Chi actually triggered a bear market outbreak.

In this round of bear market, the first to be affected is naturally the Shanglong Group, which has been flourishing all the way before, but has been questioned after Lu Chi's research article was published.Lei Wanjun can't wait to hold his old blood in his chest, but he still has to find ways to raise and dispatch funds to maintain the basic operation of Shanglong Group in the financial market.However, Lei Wanjun wanted to stimulate the stock price to rise, but he inevitably adopted various methods of raising the stock price mentioned by Lu Chi in the financial model.The stockholders confirmed Mr. Zhao L's research articles one by one, as if a demon mirror was directly shining on Shanglong Group, and immediately made all kinds of actions of this behemoth invisible.In just a few months, the stock price of Shanglong Group fell from nearly 200 yuan per share to more than 80 yuan per share.Even if Lei Wanjun's trading skills are at their peak, and his control over capital allocation is accurate to single digits, he really can't resist the sell-off style of the army of stockholders.

Of course, it is not only the Shanglong Group and other bookmakers who have similar methods of setting up their houses that are affected.Industrial groups such as Yue's Group and Zhang's Group have also been affected.However, the investment of these industrial alliances in the stock market is limited, even if the stock value shrinks, it will not affect the actual operation of these industry giants.On the contrary, some small and medium-sized enterprises with weak capital were affected by the bear market and almost caused the capital chain to break.The industrial alliances that had been prepared for a long time took this opportunity to buy these small and medium-sized enterprises that were on the verge of bankruptcy due to a shortage of funds, waving their checks, and adding bricks and tiles to their industrial empire.It can be regarded as eating a lot.

At the same time, Lu Chi's research articles and the current situation of the stock market crash also attracted the attention of the country.Before that, everyone knew that there were various loopholes in Huaxia's financial market due to unsound policies and regulations, which led to various behaviors of bankers manipulating stock prices.But the people in the game have no way to fully point out these loopholes, and point out how the bookmakers operate.There is no way to propose feasible restrictive measures.

Mr. L's research article can be said to be the first comprehensive and in-depth analysis of various imperfections in China's financial system, as well as various models of bankers.Some feasible suggestions were even put forward.Although these suggestions are still rough and naive on paper, they have also played a role in attracting new ideas.

Influenced by this research article, various financial newspapers and magazine columns began to discuss the reform of China's financial market for a long time.The writers of many articles are even experts from all walks of life. They have rich theoretical experience and practical experience.Thanks to these people's active discussions, the unfathomable water in Huaxia's financial market has gradually become clear...

But these things have nothing to do with Lu Chi.

Time went slowly to January 2002, and Lu Chi, who had been an intern at DH for more than half a year, walked into Mark's office.

The blond Mark looked at Lu Chi, who was calm and smiling, with a pained look on his face: "Oh, no, dear Lu, I don't want you to leave. I don't want you to go."

Faced with the small words of his boss's aria, Lu Chi smiled and said, "But I have to leave. Mark, I'm starting school, and I have to report to Stanford."

"I know this. But I really miss you. DH also misses you." Mark looked at Lu Chi reluctantly.God knows how relaxed Lu Chi was as the person in charge when he was in the audit team.As a genius who is very proficient in the accounting standards of various countries and is extremely sensitive to numbers, Lu Chi often only needs to glance at the financial statements and related data to know where the company is going wrong. All the project teams of DH like him. With him, everyone is much more relaxed.

Mark sighed with a sad face, knowing that he had no way to keep Lu Chi - he couldn't let Lu Chi drop out of school.So I can only settle for the next best thing: "Dear Lu, do you want to go to DH's headquarters in country M?"

Lu Chi shook his head: "As far as I know, if DH wants to recommend employees from other countries to work at the headquarters of country M, the employee needs to sign a five-year service agreement with the head office." Conflicts with the career plans I have made for myself.He will not agree.

Of course Mark understood that too.So he sighed again, took out a recommendation letter from the drawer, and said "helplessly", "So I personally recommend you to go to the DH headquarters for an internship."

As Mark said, he especially emphasized the syllables of the word "internship".He blinked at Lu Chi.

Lu Chi was a little surprised, and was even more moved to accept Mark's recommendation.Mark smiled and said, "Dear Lu, I believe you will become a great person. I hope you can continue to create miracles in country M."

As Lu Chi's boss and friend, Mark can be said to be very familiar with the style of Lu Chi's audit report.As a professional in the field of auditing, Mark is also very concerned about the current situation of China's financial market.A few days ago, Mark had naturally read the research report that made a lot of noise in all walks of life.He saw something familiar to him from that research report.Although he didn't take off Mr. L's vest face to face, Mr. Mark still offered his most sincere and best wishes to his young friend and subordinate.

Lu Chi left Mark's office with Mark's blessing and recommendation letter.After returning to my work station, I went to the secretary of the group to get the forms of resigned employees, filled them out one by one and sent them to various departments for signature.During the period, you have to handover with other employees and the project team, and return your computer to the information department.

Even though the affairs at the end of the year were busy, the team members who had worked with Lu Chi still left their heavy work and came to say goodbye to Lu Chi.If this kind of unprofessional approach is put in normal times, it will definitely attract criticism from senior managers and even partners.However, at this time, no one said anything.Even when the partners signed Lu Chi's resignation form, they walked around from behind the desk and hugged Lu Chi to express their reluctance.Many partners and senior managers have prepared letters of recommendation for Lu Chi to ensure that after Lu Chi arrives in country M, there will be no shortage of internship opportunities.

"Dear Lu, even if you want to go to Wall Street, we will help you knock on the doors of those investment banks."

Lu Chi didn't take resignation seriously at first, but now he was depressed by this atmosphere.The feeling was even worse than his high school slump.Because when we graduated from high school, everyone went their separate ways, but he and his friends still had a common career, and they could chat online on campus every day.He knew their future would not lose each other.

But DH employees are different.Even if we can still keep in touch in the future, the feeling at that time is still different from now.

After vaguely thinking about this, Lu Chi's mood became heavy.

When he arrived at the Human Resources Department, Lu Chi also met Gu Linlin who also came to go through the resignation procedures.

Unlike Lu Chi's reason for resignation, Gu Linlin missed her normal work due to personal reasons, so she failed the year-end assessment.In DH, failing the year-end assessment means that employees must voluntarily resign.But considering Gu Linlin's ability and family background, she probably doesn't care about such a low-paying job.

However, when the two met, Gu Linlin was still a little embarrassed.

The girls from the Human Resources Department pulled Lu Chi to talk with a look of reluctance, and said sadly: "After you leave, our DH will no longer have the grass to audit."

"I don't believe there is anyone more handsome than Lu."

"Lu, are you really not going to the headquarters of country M? What a great opportunity! We will still be colleagues at that time, and I will send you an internal email..."

"We will keep in touch in the future!"

Gu Linlin looked at Lu Chi, who was surrounded by a group of HR girls, and left sadly.

In mid-January 2002, when China's stock market was in a slump due to the impact of the bear market, Lu Chi arrived in country M with everyone's best wishes and a thick stack of testimonials.

In the waiting room of the airport, Yue Bin, who had known for a long time that he was holding the flight, arrived at the airport two hours early, ready to welcome his good friend.

The author has something to say:

small theater--

After Lu Chi left, the Huaxia dealers celebrated with each other. This brat finally went to harm imperialism??ヽ(°▽°)ノ?

【Wall Street Storm】