After several months of trouble, the Delong system's collapse still came.

As the redemption problem of its financial institutions was confirmed, the run began.

The issues of the Delong Group quickly attracted widespread attention from the media. As the head of the largest private economy in China, Tang Wanxin, who is at the center of the crisis, was pushed to the forefront.

On December 9, as the only strong Alloy Holdings among the three old stocks, it finally joined Tunhe Co., Ltd. and Xianghuo Torch, stepped down from the undefeated altar, went against the market, and slid into the unknown abyss.

According to media disclosure, in less than a month, the Delong Group pledged all the legal person shares of the old three shares held to banks in the Northern Xinjiang Province to raise funds to strive to stabilize the capital chain.

Unfortunately, hard work is completely futile.

On the 10th, Jianqiao Securities took the lead in selling its holdings of Alloy Holdings, triggering panic selling in the market. Alloy Holdings hit the limit, Xiang Torch and Tunhe shares hit the limit, and Delong crisis broke out in full swing.

...

As the situation expanded, related news about the Delong Group spread everywhere, and Chen Qiaoshan naturally knew it immediately.

As he expected, due to the collapse of the Delong system, the rise of the Shanghai Composite Index has slowed down significantly, and there is a risk of stagnation or even downward. The Shenzhen Component Index is not greatly affected, but the subsequent impact is unpredictable.

In view of this, some messy voices appeared in the media.

Some called on the government to come forward to save the crisis of Delong Group, some accused the banking industry of not saving it and treating private enterprises differently. Some even more, they directly accused the central bank of suddenly introducing monetary tightening policies that led to the breakdown of the Delong Group's capital chain...

Looking at the various remarks on the Internet, Chen Qiaoshan couldn't help but feel silent.

Although there are problems with the Delong Group, it took less than 6 years from the start to the growth.

In 1997, Tang Wanxin was just the small boss of a company in Beijiang. It was precisely because he got involved in the financial industry that he quickly leveraged a large amount of funds and successfully controlled the three stocks.

If we stop here and develop steadily, perhaps Tang Wanxin will become a giant of a generation. Unfortunately, after seeing the power of capital, the Delong Group will find it difficult to stop its expansion.

Chen Qiaoshan knows better than anyone that the fundamental reason why banks cut off loans and demand payments and ignore the difficulties of the Delong Group is that they have doubts about the credit of the Delong Group's companies.

The crux of the problem lies in the fact that Tang Wanxin has been involved in the financial field too much, which is the most sensitive industry.

The media have predicted that it would be fine if financial companies don’t have problems, and problems are definitely a big issue related to life and death. The final result of the matter also confirms market speculation.

...

The matter has come to the current situation, and the Delong Group is powerless to make the situation happen.

Chen Qiaoshan didn't care about the life and death of Delong. He was worried about the reaction of the stock market. Fortunately, the situation was not too bad. The future trend of the "Five Golden Flowers" is still strong, and the market is still very stable for the time being.

Especially Guotou Electric Power, the performance was the most eye-catching. After the news of the break of the Delong Group's capital chain was confirmed, Guotou Electric Power actually hit three daily limits in succession.

Chen Qiaoshan knew that this was not a reaction of the market itself, but an off-site reason that played a role.

The collapse of the Delong Department is, and in the economics community, the biggest beneficiary should be considered Professor Yan. It is precisely because of his article that the problems of the Delong Department are revealed to the world.

Next is Chen Qiaoshan. At the end of September, he repeatedly bombarded the Delong system with problems, so he naturally attracted much attention.

Next, it is Professor Lang and several other economists who have accused the Delong Department of problems in the past two years.

There is a large part of the reason why Professor Lang’s name is "Lang Supervisor" because he accused the Delong Group of illegal financing in the early days, and was only praised after the Delong Group collapsed.

As early as 2001, Professor Lang criticized the financial institutions under the Delong Group for suspected financial fraud, which triggered a run. In a critical moment, Tang Wanxin urgently transferred more than 2 billion yuan from his company to save the situation, and finally stabilized the situation.

Afterwards, Tang Wanxin personally came forward and publicly spoke to the public, welcomed Professor Lang to the Delong Department for on-site inspection. Professor Lang became famous in one battle and has since become prosperous.

However, judging from the current situation, the harmonious name of "Lang Supervisor" may not be matched with Professor Lang.

...

The stock market is full of troubles, and the school is not allowed to calm down.

After more than a month, the results of the professional English certification exam finally came out.

As expected, Chen Qiaoshan successfully obtained the advanced certification certificate, and the certificate was sent with it, and there was a bonus of 2,000 yuan.

Nowadays, the professional English certification exam is very standardized, and the certificate is of high value. It was not until ten years later that with the popularity of financial English, this certification exam gradually lost its appeal.

This is also impossible. There are already very few Chinese practitioners who are proficient in finance majoring in English. Since joining the WTO, the gap in professional talents has become increasingly widening.

Not to mention anything else, many Western financial terms have not been introduced into China, and there is not even a formal Chinese translation. It is under this situation that the central bank has increased its talent selection efforts and will give cash rewards to candidates with top grades.

Chen Qiaoshan was not surprised at all to get the advanced certification certificate, but he felt a little uncomfortable about not being able to get the first prize.

It’s not that I think the money is small, and the first prize is only 4,000 yuan. Of course, Chen Qiaoshan would not see this amount of money.

When he encountered familiar test questions, he had never been able to do it. He couldn't help but sigh. No matter where he was, he had never lacked capable people. He couldn't help but sigh in his heart.

The results came out, Chen Qiaoshan was a little disappointed, but Yan Xiaoqin was very excited.

Guanghua has many students who have signed up for this exam, and they are basically seniors, but there are very few candidates who have passed the intermediate certification, and the only one who has obtained the advanced certificate is.

The central bank attaches great importance to the certification exam. After the results are released, those with excellent results will still send good news. Now Chen Qiaoshan's post is posted in the information column on the first floor of Guanghua Building.

Li Xiaolin failed the exam and didn't even get a junior certificate.

It's nothing. There are only five people in the school who passed the exam. In contrast, Chen Qiaoshan showed his face again in Guanghua.

After getting the certificate and receiving another bonus, Yan Xiaoqin said excitedly: "Let's celebrate."

"Forget it today, let's look for time again." Chen Qiaoshan was not interested.

"What's wrong? Are you still unhappy to get the high-end phone?"

Chen Qiaoshan smiled and said, "No, it's just a pity that I didn't get the first place."

Yan Xiaoqin disagreed and robbed him: "You are so pretentious. I heard that this certificate has a very high value."

After saying that, she couldn't help but take out the certificate she had just obtained and looked at it. She couldn't help but whisper, "It's the People's Bank of China that's the first time I've seen it."

Chen Qiaoshan couldn't help but feel excited and smiled, "What's so strange? Isn't it all written on the RMB?"

Yan Xiaoqin couldn't help but give him a blank look, "Can that be the same?"

Chen Qiaoshan smiled and said, "Why is it different? Since you like it so much, I'll give you this certificate!"

"Do I have that shallow eyelids?" Yan Xiaoqin was very angry, "You are too boring, I am happy for you, but you are burying me here!"

Chen Qiaoshan quickly explained: "I really don't mean that, this certificate is useless to me."

"Then why do you have to do that much effort to take it?" Yan Xiaoqin asked back.

Chen Qiaoshan was stunned for a moment, thought for a while and said, "I just want to prove myself."

Yan Xiaoqin looked at him seriously and gradually believed Chen Qiaoshan's words. After thinking about it, she said, "Then I can't ask for it either, you should keep it yourself!"

"In this way, please help me with it. I am so irritable that I don't know when I lost it. If you really need it, you can give it to me again."

Yan Xiaoqin did not object anymore and carefully collected the certificate.
Chapter completed!