Valley Emperor
Vol 2 Chapter 1122: Retired students from the Royal Institute of Technology
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When Chen Lifu was deeply involved in the internal struggle of the financial department, the domestic securities industry was in turmoil!
In the beginning, more than a dozen large securities companies were directly suspended from trading, suspended from business and subject to investigation. However, this suspension did not last long, and the actual impact was not too great, because a few days, more than a few days. After half a month, all transactions were resumed.
The most influential thing is that the securities office investigates almost all stock transactions on the two exchanges. Their investigation is not about looking for someone to violate the rules and commit crimes. They don't care about these. They only do one thing, that is A loophole!
Then based on these loopholes, we propose targeted methods to plug these loopholes one by one!
It is conceivable that once the securities office plugs these loopholes, the operation methods used by securities companies in the past will be useless.
Not many people know what the securities office is doing, but there are definitely not many people. At least those large securities institutions that have connections and connections have basically received news that the securities market is about to change.
Many organizations have conducted internal analysis and discussions on this matter!
What to analyze, what to discuss?
Naturally, if these loopholes cannot be used in the future, how to make money and make more money!
And these institutions are not only some ordinary private institutions, but even some enterprises under the Ministry of State-owned Enterprises are one of them. The most famous one belongs to the wholly-owned subsidiary of the Royal Assets Division: the Third Securities Company!
The name of this securities company is a bit odd. It may sound like the third-ranked company in the securities industry, but it is not the case, because this securities company used to be the third investment department of the Royal Bank of China.
The organizational structure of Royal Bank is similar to that of modern banks, but there are also differences.
The bank is a wholly-owned bank of the Royal Assets Division, so it does not have the structure of the board of directors, but it is a manager system with similar functions.
The highest-level decision-making body of Royal Bank is the "Managers' Meeting", with the head office as the person in charge, the managers of the directly subordinate departments, and the presidents of the provincial branches. A total of more than 30 people form the manager meeting system.
Under the manager's meeting, there are provincial branches and several departments. The most important department has two categories, one is economic research and the other is investment.
The representative of the economic research department is the strategy department of the head office. The main function of this department is to research and investigate the domestic economic situation, formulate major strategies, and make major decisions for the Royal Bank such as development and investment.
In the investment category, there are Investment I, Investment II, and Investment III. The first is responsible for policy business such as national debt and local government bonds, the second is responsible for commercial loans, and the third is responsible for securities market investment.
The business that the first department is in charge of is dealing with the government, and it has nothing to do with ordinary people. Although the business volume is very large, and it costs millions of taels of money, there is basically no room for operation. The imperial finances are short of money, and they want to issue government bonds, regardless of the interest rate of these bonds, even if they don't pay interest, your Royal Bank has to top it!
For nothing else, just because the name of the bank has the word "royal" on it!
As a typical policy bank, Royal Bank's essential job is not to make profits, but to maintain the financial stability of the empire and provide funds for the development of the empire.
The investment in the second department is to provide loans for various industrial and commercial commercial activities. In fact, this is the most important profitable business of the Royal Bank. The loan interest this year is not low, and the annual interest rate is 10% or even 20%. It is very common. According to the financial laws of the empire, only the annual interest rate is higher than 30%, it is a usury loan, and if it is lower than 30%, it is legal.
Royal Bank manages more than 200 million taels of assets. Although this money does not need to pay interest, it will not leave mold. Not to mention the cost of managing these assets. Royal Bank's business outlets are all over the place. Even in Osumi County, Ryukyu Prefecture, overseas, there are branches with Royal Bank branches.
To maintain the operation of so many outlets, the cost is not a small amount. If these assets are not loaned out to earn interest, they cannot support such a large stall as Royal Bank.
The third investment department, which was established in recent years, is specialized in securities investment.
However, after the domestic financial-related laws were formulated after the gold mine crisis, according to the law, any institution engaged in securities investment must be registered and reviewed, and only after obtaining a trading qualification certificate can it engage in securities investment.
At the same time, it limits the possibility of commercial banks engaging in the securities industry, and stipulates that, in addition to not engaging in non-bank financial business and non-government bond business, a new policy issued after the gold mine crisis directly prevents commercial banks from directly participating in securities and other high-risk industries. The possibility of risky investment guarantees the safety of depositors' deposits.
Therefore, in order to carry out business better, the investment department of Royal Bank simply became independent and became a wholly-owned subsidiary directly belonging to the Royal Assets Department. .
No. 3 Securities Company, although it has an odd name, is the most powerful securities company in China, with assets under management exceeding 10 million taels.
The assets of more than 10 million taels were not directly transferred from the Royal Bank's deposits, because according to the relevant laws of the financial industry, banks are prohibited from engaging in non-banking financial business, nor engaging in bond business other than government bonds.
This is to control risks and ensure the safety of deposits.
It was for this reason that the three investment divisions were split from the Royal Bank!
However, even if it is split, but relying on the relationship of the Royal Bank at the beginning, the third securities company also directly relies on the many branches of the Royal Bank to issue various investment bonds, and then raise funds to participate in venture capital.
Most of the assets managed by the company have entered the stock market and corporate bonds and other markets, and it is an indispensable force in the current imperial stock market.
Now that the domestic securities market is about to change, the third securities company naturally needs to find countermeasures!
Although it is said that they are wholly-owned subsidiaries of the Royal Assets Division, they can be regarded as semi-official backgrounds, but in the empire, let alone the enterprises belonging to the Royal Assets Division, even those enterprises under the Ministry of State-owned Enterprises have to behave properly. Do business within the legal framework, otherwise, you will die miserably.
The heads of the Third Securities Company are not officials. Although the employees of the Royal Assets Section can be regarded as employees, the Third Securities Company is not. They are all professional managers, and it is their job to make money. fundamental.
In the Shanghai business district, the headquarters of the Third Securities Company is in an unremarkable three-story building on the edge of the Huangpu River. If it weren't for the small signboard of the Third Securities Company hanging at the door, it is estimated that no one would be there. You know, this is the home of the largest securities trading company in China!
But even if you don't know it, you can mostly guess that this small building is definitely not an ordinary building, because this is Huangpu Road in the business district.
The business zone, that is, when Shanghai opened its port for business, was established as a place for overseas trade. However, it has gradually changed in recent years. Because of the large pool of capital, various financial service industries and Other commercial companies have also sprung up.
Unlike the Dongcheng District of Jinling City, which is a whole new urban area, the headquarters of a large number of large-scale enterprises are crowded along the East River Road. There are no super-large-scale company headquarters in the business district. companies in trade, finance, etc.
Since the Shanghai Stock Exchange was established here, it has attracted numerous securities companies and even banks to open branches here.
The Huangpu Road by the river has gradually become a concentration of trade, finance and other fields. Here, there are the headquarters of Datang Dongyang Trading Company, as well as the headquarters of the Yangtze River Shipping Company, and the headquarters of Zhili Textile Bank. The Shanghai Stock Exchange is also here, as is the Third Securities Company.
The land price in this small place has risen dozens of times in the past few years, and a company with no strength can't occupy a building alone here.
Today, in the small building of the Third Securities Company, more than a dozen people wearing brocade robes are sitting together. These people are all wearing silk brocade robes, and some are holding folding fans. They were treated like gentry scholars or something.
Well, the clothing of the Tang Dynasty followed the ancient tradition. The official clothing was mainly Confucian clothing, while the clothing of ordinary people basically did not change. So when you see a large group of people wearing literati robes talking loudly, don’t think they are just talking about poetry. Fengyue, maybe people are discussing the stock market seriously.
When everyone was chatting, the door of the conference room was opened, and a young man walked in, with a white face and no beard, and his figure was not very tall. He was in his early twenties at most. Wearing gray and white Confucian clothes, this dress is no different from the scholars in Songjiang Preparatory School and Shanghai Normal School.
But after this person came in, more than a dozen people in their thirties and forties in the house immediately stopped chatting, and then stood up in unison!
Before waiting for these people to say anything, the young man stepped forward and sat down directly, and said, "I don't have much time. I will go to the exchange to meet the inspection team later, let's start!"
This young man sat on the main seat with one butt, and was the one with the highest status among the crowd.
Immediately, a 30-year-old man with a brocade and rat-beard said, "The general manager's time is precious, and the subordinates won't waste your time too much, so let's start!"
As he said that, he just took out a piece of paper from the table and said, "General Manager, my colleagues, this time it's a bad visitor. This is a document I got from the inspection team. It's that they are about to ban all kinds of trading methods, everyone can take a look!"
After the document was circulated, everyone's brows became even tighter!
One of them directly slapped the documents heavily on the table, and then said: "They are deceiving people too much, this is not allowed, this is not allowed, how can we still make profits, if there is no profit, investors may immediately There will be a large-scale dismissal, and our company's funds will collapse in an instant!"
"Yeah, since investors let us manage their money and take such a big risk, isn't it just for high profits? If there is no profit, investors will definitely withdraw their capital. Nowadays, all walks of life in China , but there is no shortage of investment opportunities!”
There was a lot of discussion, but the young man above slapped the table directly: "Shut up, what's the noise, is it useful?"
Seeing that everyone shut up, this young man took out a stack of documents from his file bag again, and said, "This is a solution I asked my old classmates from the Royal Institute of Technology to come up with, only a few Here's an idea, let's see if there's anything to add!"
Hearing this, everyone instantly flashed a hint of surprise, and one of them said: "Is it a plan made by the Economics Department of the Royal Institute of Technology?"
"If it is the solution made by the adults of the Department of Economics of the Royal Institute of Technology, you don't need to look at it to know that it is feasible!"
"Or the general manager has a way. As expected of a top student who graduated from the Royal Institute of Technology, he can also find the adults of the Economics Department to make suggestions. I heard that when the Son of Heaven formulates the economic strategy of the empire, he needs to refer to the report of the Economics Department!"
Hearing everyone's praise, the young man at the top frowned slightly!
He was born in the Royal Institute of Technology, which sounds very high, but he is only a student who failed to pass the upgrade examination in the Economics Department of the Royal Institute of Technology and was finally kicked out to persuade him to retire!
This person's name is Tian Ping. From childhood to adulthood, he is a prodigy in the eyes of outsiders, a genius!
At a young age, he was already well-read, and at the age of fourteen, he was admitted to the Juren. However, he did not participate in the subsequent imperial examinations, but continued to study at the Jiangnan Preparatory School, and then was admitted to the Royal Institute of Technology at the age of sixteen.
But after he was admitted to the Royal Institute of Technology, he realized that he, a genius in the eyes of others, could only be regarded as a mediocre person in the Royal Institute of Technology!
At the Royal Institute of Technology, which is full of geniuses, he failed the upgrade exam in the first year and became a repeater!
After struggling for six years at the Royal Institute of Technology, he is still a junior with no hope of graduating...
And then, he was dismissed...
The boss of the largest securities company in China is just a student who persuaded to retire from the Economics Department of the Royal Institute of Technology. This kind of thing sounds absurd, but it is the truth.
Not only him, the general manager of Songtong Textile Company, the largest private textile company in the country next door, is also a quit student from the Royal Institute of Technology, well, a second-year quit student!
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