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Chapter 221 Black Households on the Stock Exchange

On December 15, 2014, the National Securities Conference was still held at the International Financial Center in Yanjing. After the morning meeting ended, a team of CCTV reporters came to the lounge.

Hello everyone, my CCTV Finance reporter, I am now at the National Securities Conference. Everyone knows that as the meeting progresses, more and more people attending the meeting are becoming more and more important. Many elderly people with high qualifications in the financial industry have also attended the meeting. Now we are going to interview this old man, whose name is Luo Han. I know that everyone must have heard of this name. Yes, he planned to build the first stock exchange in the country. The Nanjiang Stock Exchange was founded by him. It can be said that the drama of our national securities market was opened by him.

The reporter talked in front of the camera, and then the camera followed her into a room. There was an old man with white hair lying on the sofa in the room. The reporter walked up and said: Hello, Mr. Luo Han, we are a CCTV reporter to interview you. Today, the Jianghai stock index broke through the 7,000-point mark and hit a new record. As the founder of the Nanjiang stock market, do you know what you want to say about this?

Since the reporter was told when she entered the door that Luo Han was not in good health, she did not have too much politeness and asked straight to the point.

Listening to the reporter's questions, Luo Han, who is nearly 80 years old, nodded with relief: It would be great that the Jianghai stock market can go all the way up, but we have not done this job in vain. I just want to say that it is very difficult for our country's stock market to go from scratch to today. I hope everyone can cherish such a good environment and hope that our own stock market will get better and better.

Mr. Luo Han, as the first person to eat crabs back then, I think you must be under a lot of pressure, so what happened back then was the one you remember the most? The reporter asked again.

How could this be gone? Luo Han said that it was an extraordinary era back then. At that time, unlike now, all conditions were ripe. As long as it was not illegal, as long as it was based on the interests of the people, it would do whatever it should be. It would not encounter too many or too much resistance. At that time, there was no such condition. Don’t look at the development of the Nanjiang Stock Exchange now, and it can have a transaction volume of 100 million yuan per month. But you don’t know that the Nanjiang Stock Exchange was actually a black account that didn’t even have a birth certificate.

The reporter asked in a hurry: Mr. Luo Han, what do you mean by not having a birth certificate? Is the establishment of the stock exchange not approved by the superior authority?

Luo Han nodded first and shook his head: Yes, no, that era was a very tangled era. Everyone knew that it was better to set up a stock exchange, and the superior authorities wanted to do it, but everyone was afraid of doing it, because no one had done this before. Everyone was afraid of political burdens and problems, so the superior authorities did not dare to give a clear answer until 1991. Before that, the securities exchange was a form of a black account and was not publicly recognized by the superior authorities.

So that's it, but Mr. Luo Han, if I remember correctly, the Nanjiang Stock Exchange opened in 1990. So, Mr. Luo Han, you opened the Stock Exchange first and then asked for government documents, right? You are very brave in saying this. If you didn't do it first, I'm afraid our domestic stock market will be dragged down for many years. You are really a hero of the domestic stock market.

The reporter gave Lohan a thumbs up, but Lohan smiled bitterly and shook his head: How can I deserve this title for the great hero?

The reporter thought that Luo Han was just a modest saying this, but he didn't expect that he would continue to say: If it were a hero, only one person could be worthy of this title, because if it weren't for him, the Nanjiang Stock Exchange would not have been established so early. We would even dare not rashly set up the stock exchange because of trivial matters, let alone black householders, because we didn't have the courage.

The CCTV reporter was stunned. She looked at Luo Han's emotionless memory. She knew that Luo Han said this was not a performance. In fact, people with a status and status like Luo Han did not need to do this at all. In other words, there was really such a great hero back then, who helped Luo Han establish a stock exchange. If it weren't for him, the emergence of the stock exchange might have been delayed for a long time.

This idea made her strange because she suddenly remembered that she had heard of similar things in many places. It seemed that in that era, there was such a person who had used his own strength to almost run through the country. Any important thing could always be seen as having such a person.

Is there really someone who drives all major events behind history? Is it just that he doesn't want to show up in public?

CCTV reporters were full of questions and excitement.

Back to the end of 1989, Zhou Ming took his Audi car to the Nanjiang Municipal Party Committee. Also with Zhou Ming was Luo Han, the first deputy general manager of the securities company. Peng Shengyou, a secretary of the Municipal Party Committee, greeted Zhou Ming at the door. Seeing Zhou Ming and the others getting out of the car, Peng Shengyou took the initiative to come up and shake hands with Zhou Ming to say hello, and took them into the Municipal Party Committee building and came directly to Chen Yunfei's office.

Although Zhou Ming and the others were notified by Chen Yunfei, the rules that should be followed were still not missing. Peng Shengyou first informed him and only took Zhou Ming and the others in after receiving the approval.

Zhou Ming and Luo Han went into the office. Chen Yunfei sat on the sofa in the reception area, waved to them. Zhou Ming Luo Han went over and sat in front of him. Chen Yunfei looked at Zhou Ming and Luo Han, and suddenly sighed.

This time I asked you to come here, there is a very important thing to tell you.

Chen Yunfei said as he took out a document and put it on the table: This is the report you submitted. I have read it. The report is very well done. From the current development of the domestic securities market, it clearly explains the necessity of the stock exchange. I myself also support the establishment of the stock exchange. I have already stamped the municipal party committee's seal on it.

Chen Yunfei said as he opened the document and saw the seal of the Nanjiang Municipal Party Committee at the beginning and end of the document.

If it was normal, I would be very happy to hear Chen Yunfei say this, but at this time Zhou Ming felt something was wrong when he heard Chen Yunfei say this.

As expected, Chen Yunfei continued: However, due to some political considerations, the document will not be given to you for the time being, nor will it be issued.

Secretary Chen, what do you mean by saying this means you have to wait for a while before making a decision? Luo Han asked in confusion.

It can be said that, but that's not the case. Chen Yunfei said, but what I can tell you is that I will not submit this document to the Central Committee for the time being, and you don't think of reporting the document directly to the Central Committee, and no one will approve it.

Luo Han then understood: Secretary Chen, you mean that there will be no formal documents to recognize the securities exchange. How can we do this? Our stock exchange is a formal department and the center of the securities market. It is still in a critical stage of development. Will this blow the enthusiasm of the originally vigorous development of the securities market?

Chen Yunfei did not speak, but turned to look at Zhou Ming. It was not that Chen Yunfei looked down on Luo Han. In fact, Chen Yunfei knew Luo Han's ability very well. When Chen Yunfei came to Nanjiang, when he was still the executive vice mayor, the position of the first deputy general manager of Luo Han's Nan Development Bank was appointed by Chen Yunfei himself. However, with Zhou Ming here, Chen Yunfei is still more willing to listen to Zhou Ming's ideas.

Zhou Ming thought for a while and asked: Secretary, we are a special zone here, so we have certain political privileges, right?

Chen Yunfei nodded and said: Of course, this privilege is within a certain range.

So I think there is no problem with registering and establishing a new securities settlement company in Nanjiang. Zhou Ming asked.

Zhou Ming What do you mean by saying this? Do you want to say that the form of turning the stock exchange into a company? Chen Yunfei frowned and asked. Zhou Ming nodded and said yes. Chen Yunfei thought for a while and said, I think I need to remind you that the current problem lies in the form of the stock exchange, but in the five words of the stock exchange. As long as it is a stock exchange, it is impossible to have a clear approval.

Zhou Ming nodded and said: I know, I didn’t say that I wanted to use the form of a securities exchange company to get the approval documents in a circle. I just simply think that at this stage, our company-based approach will be more suitable for the development of the securities exchange. After all, the domestic securities market is just starting out, and it is indeed difficult to find enough member companies.

Chen Yunfei and Luo Han were both stunned. It was not that they didn't understand Zhou Ming's words, but that Zhou Ming's answer was a bit unquestionable.

So, shouldn't the approval certificate be here? Luo Han asked blankly.

Of course, the Stock Exchange is a very important and critical place. It is not possible without the recognition of government departments. However, it is precisely for this reason that it can be adapted at some times. Of course, here, I want to ask the secretary for a guarantee. Zhou Ming said.

Chen Yunfei made a gesture of asking for help: What guarantee, you said.

It means that the guarantee of not seizing the stock exchange. Zhou Ming said that now we need to build the stock exchange company first. Without obtaining the formal approval, the secretary should not illegally seize the stock exchange as our company has.

Chen Yunfei smiled: It turned out to be this guarantee. My answer is sorry. I can't give you any guarantee, because without the approval of relevant government departments, this company is illegal. If there is a problem, it must be sealed. However, due to the particularity of the industry and the lack of certain understanding of the industry, the investigation and evidence collection work will take a little longer.

Zhou Ming also smiled. He knew that this was the biggest guarantee that Chen Yunfei could do. After all, he was the executive vice governor and the municipal party secretary. It was impossible to publicly support a matter of playing the edge. He could only use a very tactful way to turn a blind eye to emerging things. There was no precedent during the reform and opening up, let alone the special zone here.
Chapter completed!
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