I heard that the biggest credit for handling the investors' emotions this time was a young comrade named Zhou Ming, right? He alone calmed those investors with his emotions and reasons.

Chairman Dong suddenly asked on the phone. Zhou Ming felt that all the eyes of the entire conference room were attracted to him. This made Zhou Ming a little unexpected. After all, this incident only happened yesterday, and Chairman Dong was here today.

My name was called at the meeting. It seems that no matter what department the central government is in, they all attach great importance to the construction of the securities market.

But this is normal. After all, from a global perspective, the securities market is a place where capital is concentrated. If this market can be made active, it will not only revive a country's economy, but also contribute huge amounts to the country every day.

amount of fiscal revenue.

Zhou Ming still remembers that he once heard in later generations that the stock market alone could contribute more than 100 million in tax revenue to the country in one day. Anyone who heard such a large amount would be stunned. Now the domestic securities market has just started, and the daily trading volume is still small.

Very few, but anyone with a vision can see the infinite potential of this market. It is no wonder that in the previous life, as soon as something went wrong in the stock market, the central government immediately took measures to establish the China Securities Regulatory Commission and take some power back to the central government.

Chen Yunfei answered yes, and Chairman Dong said: Then this young comrade is here now. I want to hear his thoughts.

Chairman Dong's words shocked the conference room again. Everyone looked at Zhou Ming jealously. They couldn't figure out what was going on. Why did Mr. Yang call Zhou Ming's name last time this time?

What is the magic power?

Amid everyone's envy, jealousy and hatred, Zhou Ming said nonchalantly into the microphone: Hello, Chairman Dong, I am Zhou Ming.

Facing Zhou Ming, Chairman Dong was not polite and asked him directly: I heard that you are the development consultant of Nanjiang Municipal Government and the main founder of a securities company. What do you think about the stock market crash?

Chairman Dong, my personal opinion is the same as that of Governor Chen just now. I also believe that the stock market crash is due to the general public not understanding the stock market and constantly buying stocks, which is a normal reaction after the stock market bubble reaches its peak.

Like the stock market crash that started in the United States and spread to the whole world not long ago, it is the inevitable result of the market. Zhou Ming replied.

Chairman Dong pondered for a while and then said: Even if it is a market result, I think that through some rules and regulations, the losses of the general public can still be technically reduced.

Zhou Ming said: Chairman Dong, in fact, Vice President Luo of Nanjiang Securities Company and I have been discussing adding some new regulations to the future securities market.

Oh, what are the regulations? Chairman Dong is interested.

It is to implement the stock price limit and price limit system. Zhou Ming said, simply put, it is to use the system to limit the daily rise and fall of stocks. This can well limit excessive speculation in the stock market and can also effectively avoid stock market crashes.

At that time, the losses of ordinary shareholders were too large, because there is an upper limit to the maximum decline of stocks, and ordinary shareholders could sell their stocks in time after discovering a large-scale decline in stocks without suffering too big a loss.

After speaking, Zhou Ming thought for a while and said: Of course, if such a system is implemented, the growth of the stock market will also be restricted within a certain range. To put it simply, if a joint-stock company in a certain industry suddenly does well, the company's

The market trend cannot be immediately reflected in his stocks.

If you give up, you will gain, and if you gain, you will lose. Chairman Dong said, I think this system of daily limit and lower limit is very good. Although it will limit the speed of economic development to a certain extent, from a long-term perspective

, but this is a kind of protection for the market. After all, if speculation is allowed to develop, and if such a stock market crash occurs every once in a while, it will be very bad, and it will be a waste of money.

The system of daily limit and low limit is very good, but within what range should it be controlled? Chairman Dong asked again.

We have temporarily set a ten-percent daily limit. If there are financial or other problems in the company's stock, the daily limit will be halved. Zhou Ming replied that this increase is compared to the closing price of the previous trading day. It is our

I have calculated with comrades from the securities company that this range is a relatively good aid, which can effectively control the stock market crash without having too much impact on economic development.

Chairman Dong said happily: This approach is very good. It is neither complacent nor aggressive. Is this also the absorption of advanced foreign experience?

Zhou Ming replied: Yes, Chairman Dong. In the early days of foreign countries, when their securities markets were immature, they also implemented a limit-up and limit-down system for a long period of time. It has been proven to be an effective system for dealing with speculation.

Very good, Chairman Dong said, so besides the daily limit and lower limit system, are there any other systems?

Zhou Ming thought for a while and said: We have also prepared a t1 trading system. t refers to the transaction registration date. Simply put, the stocks bought today must be kept in hand and cannot be sold until at least the next trading day.

go.

Why is this? Chairman Dong asked curiously.

This is also to prevent speculation. Zhou Ming said that after analyzing the transactions during the previous stock market craze, we found that many investors were speculating. They often bought this morning and then sold them immediately when the stock price reached its peak.

, when the stock price drops or there is other news, they will sell it and buy it back immediately.

Zhou Ming said: I think this is very unfair to most investors, because not every investor squats in front of the securities company to watch the market every day if they have nothing to do. Most investors still have their own jobs.

If these investors are allowed to squat in securities companies every day to watch the market, this will not only cause them to lose their jobs, but also cause serious security risks. Zhou Ming said, for example, what happened yesterday can well illustrate the emotions of these speculative investors.

It is very irritable, so we must find a way to solve this problem. We think the best way to solve it is to launch this t1 trading system. If you buy it today, you can sell it at least tomorrow. This can effectively reduce speculation. Anyway, today

It can't be sold anymore, so most investors don't have to wait at the door of the securities company all the time to watch the market.

Chairman Dong immediately clapped his hands and applauded Zhou Ming and said: You, little comrade, have very good ideas. You are very active in thinking and can be in line with international standards. Reform and opening up requires talents like you.

Listening to Chairman Dong's praise, Zhou Ming actually felt a little embarrassed. After all, the ideas he expressed were not his own ideas, but came from the stock market system that everyone knew in later generations. At that time, the domestic stock market had become increasingly popular.

Mature, these systems have also been explored by generations of securities practitioners, and they are definitely most in line with the domestic situation.

But what Chairman Dong said next made Zhou Ming's heart skip a beat. Chairman Dong said: Comrade Zhou Ming, are you interested in coming to work for the State Council? The State Council is planning to set up a special agency to overall coordinate the development of the national securities market.

Chairman Dong's words caused an uproar in the conference room. No one expected that with such words, Chairman Dong would actually invite Zhou Ming to directly serve in the State Council. This is a good thing that will lead to success in one step. No matter what the final appointed position is, but

After all, it is an institution in charge of the national political market, so it will not be far behind. What's more important is that as soon as he comes back, he will be an imperial envoy.

If this matter were left to other people, they would definitely be ecstatic, but when Zhou Ming heard this, he felt a headache.

There is no other reason. Zhou Ming knows very well that Chairman Dong will not be able to stay in the central government for two years according to the normal historical trajectory. Isn't he seeking death by following him?

So Zhou Ming said to Chairman Dong: Chairman Dong, this is not good. I am very grateful to Chairman Dong for his affirmation and trust in me, but now I have a company under my control. If I have an official position, I will easily make the mistake of abusing power for personal gain.

Yes, Governor Chen often criticized me for being a capitalist who only knows how to make money, so I think it would be better for me to run my business peacefully and not pollute the party and government units.

If Chairman Dong's recruitment of Zhou Ming before was just a surprise to everyone, then Zhou Ming's answer at this moment is simply unimaginable.

Zhou Ming rejected Chairman Dong. How could he refuse? Why should he refuse? Doesn’t he know what a once-in-a-lifetime opportunity this is?

Everyone was going crazy at this time. They couldn't figure out why Zhou Ming would refuse such an opportunity.

These people think this way simply because they cannot see the situation clearly. If invited by other leaders, Zhou Ming would consider it. After all, red-top businessmen are inherently more advantageous than ordinary people, especially in the domestic environment, but

Chairman Dong, forget it then.

Although Chairman Dong is the president of the country, Zhou Ming really doesn't have any expectations for him. First of all, the results of history are there, and secondly, based on his feeling after meeting Chairman Dong just now, Zhou Ming is not optimistic about him either.

Don’t talk about anything else, just talk about the phone call just now. Chairman Dong stole Mr. Yang’s limelight. Mr. Yang, as the actual leadership core of the Central Committee, said nothing. In such a situation, can you, Chairman Dong,

Don't you feel a chill running down your spine? Are you still talking here and there incessantly? Do you really think you have suppressed Mr. Yang?

I really don’t understand what Chairman Dong is thinking. Logically speaking, if he can sit in this position, he should not be an impetuous person, but how could he do this?

Zhou Ming didn't understand this, but there was a more important point. Judging from Chairman Dong's words just now, he meant total westernization. This was obviously inconsistent with the pace set by Mr. Yang and even the entire party. He was

The practice of abandoning many things was unlikely to gain much support. These were all foreshadowings of his final failure.
Chapter completed!