"There are more people who are involved in our circle when they are alone, but they also need to be smart and clear-headed and make friends." Song Yuanping replied, "Although Mr. Tang's reputation is very loud and the world's attention is the world. However, the Xiang Torch I hold is not related to him, but it is taken from someone else's hands."

It turned out that before, a friend who held Xianghuo Torch legal person shares encountered trouble and transferred 20 million shares to Song Yuanping. He ran away to Australia and became an immigration officer, intending to never return to China again. This made Song Yuanping cheaper. The 20 million shares of corporate shares were actually 20% off according to the face value of the stock.

After hearing this, Fan Wubing admired Song Yuanping's luck a little. In fact, he didn't have to make such a fuss. He insisted on speculating on Kangcheng shares. Just holding the 20 million shares of Xianghuo Torch's legal person stock in his hand was enough to bring him more than one billion in income. Now that he is doing so, he really wants to beg for food with a golden rice bowl.

However, this is not a big deal for Song Yuanping. Although he knew very well that the Delong Group was determined to speculate on the three horses, including Xiang Torch, he was not sure how much the other party wanted to speculate on this stock?

Of course, the most important point is that Song Yuanping and Cui Dingshan are playing too hard. They borrowed a debt and invested in Kangcheng Technology. Now they can't get out of the mud. So even though they know that the Xiang Torch legal person shares in their hands are valuable, they have to continue to recruit people to raise funds in exchange for getting rid of Kangcheng Technology.

"It's not good to be a banker, and it's easy to be dictatorial." After a while, Fan Wubing said to Song Yuanping.

The dealer in the domestic stock market is an institutional product.

First of all, state-owned enterprises with poor quality and simply solve various difficulties such as capital, are the first factors for the banker to survive. These enterprises soon fell into trouble again, and thus became shell resources, meat on the chopping board, and were slaughtered.

Secondly, the existence of non-circulating stocks allows dealers to easily control those companies with very cheap and gray means. Furthermore, the immaturity of the regulatory mechanism has made all lawless speculation techniques fly all over the sky.

For a long time, the most popular term in the Chinese stock market was the subject. As long as you dare to imagine and act boldly, you can achieve something. In such an indulgent era, the temptation of money and the amplification effect of capital have made countless people willingly give up all the principles, and the domestic stock market has thus become the barbaric area with the least moral bottom line.

According to research, around 1999, the annual stock exchange rate of Chinese stock market reached 400%, and the average holding time was only about three months. During the same period, the stock exchange rate of the New York Stock Exchange in the United States was 86%, with an average holding time of 1.2 years. The annual stock exchange rate of Singapore Stock Exchange was 30%, and the average holding time was three years. The strong speculative color of the capital market directly caused distortion of the behavior of the listed company, causing the financing function of the Chinese stock market to shrink extremely, and basically lost the possibility of industrial companies growing.

Song Yuanping replied disrespectfully, "What's there? That stock. There are no dealers? Some of them are just speculating on themselves. What regulations of the regulatory authorities can play a role. Even if they are not blatantly violated, there are many ways to avoid those rules and regulations to achieve their goals."

Fan Wubing shook his head and smiled, "The government needs a reason to deal with you? I don't believe you don't have any handle to find it. At that time, you only need to magnify one of the problems infinitely, which is enough for you to drink a pot."

"The government must also reason." Song Yuanping said, then paused, and then said to Fan Wubing, "Besides, there is a big man holding on to him when the sky falls. My family business is not worth mentioning than Mr. Tang's courage."

Fan Wubing nodded. He knew the arrogance of the Delong Group. Speaking of which, the idea of ​​the Delong Group is good, but the biggest loophole in the business logic of the Down strategy is that the profitability of traditional industries cannot explode in the short term. Its ability to feed back to the financial sector is very weak. In the years with the best benefits, the sum of the net profits of the "three horses" is less than 300 million yuan, which is far from being a miracle of efficiency. Therefore, the performance of industrial integration cannot support the capital flow required for financial expansion. In order to keep the share price of the Delong Group at a high level, Tang Wanxin had to build another expensive and secret financing platform.

On the one hand, he has continuously issued dazzling merger announcements in the capital market, exaggerating the performance of industrial integration, and using this as a speculative means to stabilize and raise stock prices. On the other hand, Delong has founded and controlled many trust and financial institutions, and has carried out entrusted financial management business through various legal or illegal ways in various fields such as banks, securities, financial leasing, insurance, and funds.

Through these methods, the Delong Group raised a total of 25 billion yuan in financing. This gray and irregular operating model has gradually transformed Delong into a financial monster with an amazing scale and extremely dangerous scale. According to calculations, Delong's annual expenses for maintaining high stock prices cost 1 billion yuan, and the interest paid for financing exceeds 3 billion yuan. In other words, at least 4 billion yuan of funds can ensure the normal annual operation of the Delong Group. This is a chilling figure. The high financing cost makes the Delong Group doomed a crushing defeat from the beginning.

In order to find funds, the Delong Group has almost reached the point of doing its best. Under Tang Wanxin's deployment, Delong has placed nearly 2,000 companies with annual sales revenue of 50 million yuan as key customers, allocated them to its many securities and financial institutions according to their regions, and developed them through carpet search.

When a company needs a comprehensive financial service, banks, trust companies, securities companies, leasing companies, and insurance companies that have business agents or equity links with Delong will look for the door separately and carry out services in the name of different financial institutions but in a collaborative manner. They sign contracts with the company in the name of entrusted financial management. There are two such contracts, one for inspection by the regulatory authorities, and the other supplementary contract indicates that Delong promises to be guaranteed returns, which are confidential.

Generally speaking, the guaranteed income provided by the Delong Group is 3% to 12%. Later, with the tightening of the capital chain, it rose to 18% at its highest. For the convenience of work, the Delong Group also specially designed a "Financial Product Manual", which is loose-leaf. Any financial company that needs to be used and any financial services the other party needs can be replaced at any time.

Fan Wubing said to Song Yuanping, "What Delong is taking is a path of no return. Confucius said that Feng He, who died without regret, refers to such a person. I heard that he had a self-created motto that anyone who bet on our lives must be the most exciting. Such people have deviated from the right path and will inevitably suffer backlash in the end."

Song Yuanping smiled and said, "I have heard of this. It is said that there is a farm in Yumin County, Xinjiang. A large plaque was hung in the conference room with the words "Only I am the only one."

Fan Wubing said, "As a man, it is good to have ambitions, but when your ambition is so great that you can't control it, it's dangerous. Now the Delong system is already in a deep mud."

Delong, led by Tang Wanxin, has grown from a small company located in the northwest border to a financial and industrial empire with assets of more than 120 billion yuan. Its industry involvement is amazing, from tomato sauce, cement to auto parts, power tools, heavy trucks, to seeds, mining, retail, etc., and the financial companies it controls through various direct and indirect means are also amazing. From trusts, securities, leasing to commercial banks, all financial tools are almost all included, but his ambitions have swallowed himself and Delong.

"Mr. Fan's career is much larger than the Delong system." Seeing that Fan Wubing talked about ambition, Song Yuanping said sarcastically.

Fan Wubing smiled and shook his head, "You can't compare with me. I have never lacked cash flow and I also do business in China. You are just the opposite. In essence, the capital market plays capital games and does not create value by itself. Even if the Delong system has created a huge empire with a market value of 100 billion, it is just a mirror. Once a problem occurs in a certain link, the building will be destroyed."

"For the time being, I can't see that the Delong Group has come to this point." Song Yuanping replied.

Although Fan Wubing said how serious the danger of the Delong system was, so far, there was no sign of their destruction. In four years, the Delong system developed from a small company to a large holding company with such a strong army and horse. It looked more like the object of praise from all mainstream economists. How could it disappear overnight?

Yes, Fan Wubing is indeed unmatched, but you can't just regard everyone else as unbearable? A young man is successful, starts from scratch, and has unparalleled power. These are all things that make people look up to, but you can't underestimate the heroes of the world?

"Actually, I'm willing to say so much to you, but I still have some ideas." Fan Wubing raised the wine glass in his hand, touched Song Yuanping for a while and said.

"Song listen carefully." Although Song Yuanping has a high opinion of himself, he still has to hold his tail in front of the young genius who created the huge Fan Investment Group. He also wants to hear what Fan Wubing has to give him any suggestions.

"In the future, you might as well come and hang out with me." Fan Wubing said slowly.

After hearing this, Song Yuanping was a little surprised. He was a proud and proud person, and he had achieved some success in the industry. Although he was indeed a little down and owed a debt, who could assert that after he had received sufficient funds, he could not hype Kangcheng Technology and make a comeback?

Of course, it takes a very strong force to be a banker. In addition to protecting one acre of three parts of the land, we also need to coordinate external and internal relations. Not only should we prevent the dike from intercepting the rivers, but we should also prevent the dike from being dirty and uncooperating with ourselves. It is indeed more laborious.

But there is one thing that Chinese people say, "I would rather be a chicken head than a cow, and I would rather be a chicken head than a cow." Song Yuanping is also a traditional figure who is deeply influenced by this idea. How could he easily agree to Fan Wubing to become his boss and his worker?"

"I'm more optimistic about you." Fan Wubing picked up a tissue to wipe his mouth, and then waved his hand and a staff member took a file bag.

Fan Wubing took out a piece of information from it and then gave it to Song Yuanping. He said to him, "I know your current situation very well, and I am very ambitious and want to do something. But you also have to see that although the current investment environment in China can be called upon, you are just making wedding dresses for others. Even if you can earn 1 billion and 2 billion in one go, how much can you get in your hands?"

Song Yuanping was indeed shocked by the information that Fan Wubing took out. He clearly recorded his various operating methods and very accurate relevant information, and accurately what important things he did on the day. In short, he saw his face getting whiter and whiter. It took him a long time to hear Fan Wubing's question.

"Even if I make 2 billion, I will get 100 million at most. But what I enjoy the most is the feeling of being able to manipulate the market. Seeing a stock being completely controlled by myself, the mental pleasure is indescribable." Song Yuanping replied with a wry smile, "But Mr. Fan, where did these things come from?"

Fan Wubing smiled slightly and said, "I can get this kind of thing, and others can get it. Judging from these operations, it is basically illegal. Some are suspected of illegally absorbing public savings. You can't stand the two charges together, not to mention that there are stock price manipulations? If you are lucky, you will be fined and confiscated. If you are sentenced to ten or eight years, it will be considered lighter. If you are serious, you will be sentenced to death."

Song Yuanping picked up a tissue, wiped the cold sweat from his forehead, and thought about it. If it was as Fan Wubing said, his every move was actually under the eyes of others. If there was really one day, as long as the information was implemented for one or two days, he would be in a life of a hard prison.

Could it be that after all these years of hard work, she is still a worker? Song Yuanping was still a little uneasy and the food was tasteless.
Chapter completed!