Zhang Ke lived in Haizhou for almost half a month. When he returned to Jianye, there was news that he might dig up a big case in Yunlin securities, and the fuse was Chen Qibin''s case.

    Chen Yong, the son of Chen Qibin, raised 30 million shares of Haisu technology from the Jianye Huanhu South Road Business Department of Yunlin securities through the bank that paid the deposit, which violated the prohibition of securities companies from providing margin trading to customers by the CSRC.

    This problem itself is not very serious. Many securities companies are doing this kind of edge ball. Due to the strong recovery of Haisu technology''s share price during this period and filling the large decline in the previous period, after receiving internal information, Yunlin securities closed the position of Chen Yong''s stock speculation account, and the loss was not serious. Yunlin securities also mobilized funds in time to fill the loss vacancy. Although the Commission faces punishment from the securities regulatory department, it is not a serious blow.

    Unfortunately, some people ignore Jiang Minzhi''s familiarity with financial and securities work and his determination to dig cases in the East China Sea.

    The self owned capital of the Jianye Huanhu South Road Business Department of Yunlin securities is only 100 million yuan, and the amount of financing provided to customers in a single transaction is as high as 30 million, which is enough to make people suspect that the actual amount of capital owned by the business department is seriously mismatched, Jiang Minzhi urged the competent department of Yunlin securities, the provincial economic and Trade Commission and the provincial securities regulatory bureau to find through further investigation that Yunlin securities is suspected of illegally absorbing public deposits, and the huge amount involved is rare in the East China Sea in recent years.

    "Governor Xu combed the provincial subordinate financial companies when he was in the East China Sea, but he didn''t expect to poke such a big problem now," Lu Wenfu sighed gently. "According to the preliminary investigation, the amount of public deposits illegally absorbed by Yunlin securities may exceed one billion..."

    In late July, Jianye is in the hot summer season. The heat is pressing at the foot of the mountain. The cool breeze in the elegant teahouse on the North cliff of shizifeng on the riverside is a good place for Jianye to spend the summer. Recent events have also caused panic. In particular, Jiang Minzhi''s intention to adjust the work of members of the provincial government team will directly involve the interests of Jinhu. When Zhang Ke was in Haizhou, he received Lu Wenfu''s two calls, returned to Jianye and asked him to sit in the mountain. It happened that Xu Hongbo was also in Jianye, so they went up the mountain to drink tea in the summer.

    Zhang Ke listened to Lu Wenfu talk about the case of Yunlin securities, which has been the most noisy in the past two days. With a fine porcelain cup in his hand, he looked at the misty River in the distance. After a while, he said: "There are too many loopholes that can be exploited. Jiang Minzhi''s persistence in this case is a major case. In the eyes of ordinary people, Yunlin securities attracts public deposits in the form of entrusted financial management, which is harmless as long as it doesn''t poke any baskets. Yunlin securities attracts so many public deposits and operates in the securities market in the form of lending or directly acting as a banker, which is more important to some people It is the proper way for securities companies to solicit money. Even if they poke a basket and launch a scapegoat, they will not receive much serious punishment... "

    Lu Wenfu smiled. He couldn''t hear too many subtext from Zhang Ke''s tone. He thought Zhang Ke should know Jiang Minzhi''s mind. Liu Wentao had frequent activities in Jianye recently. During that time, he even went back to Beijing. There was even hearsay news that Liu Wentao would be transferred to the province as vice governor. Isn''t Zhang Ke really worried that Jiang Minzhi would eventually point the contradiction to Jinhu?

    This case of illegally absorbing public deposits is also involved in Chen Qibin''s case. According to the past practice, the case handling department will carefully control the investigation process to prevent the case from getting out of control. However, driven by Jiang Minzhi, Chen Qibin''s case is becoming more and more intense, and there is no intention to stop for the time being. Jiang Minzhi has also publicly requested the investigation of Chen Qibin at the office meeting of the provincial government Financial and securities institutions across the province conducted a detailed investigation. Unlike Xu Xueping''s efforts to clean up the provincial forestry and water conservancy systems in those years, Jiang Minzhi''s intention to clean up the provincial financial system is not very correct. He may even want to take the opportunity to stir it up to change the passive situation since he worked in the East China Sea.

    Although there is a growing trend, the new provincial Party Secretary Li Yuanhu still supports the investigation of Chen Qibin''s case and Yunlin securities''s illegal solicitation of public deposits. As for other matters, especially personnel transfer, he has always remained silent, which many people can''t guess.

    In fact, when Tao Jin left the East China Sea, Li Yuanhu took over as secretary of the provincial Party committee, and Jiang Minzhi parachuted to serve as governor, many people expected that the political pattern of the East China Sea would be greatly adjusted. The actual situation is that there has been no major adjustment in the officialdom of the East China Sea until now, which has been beyond the expectation of many people. Chen Qibin''s case is not suitable Some people saw the opportunity when they stirred up the deadlock.

    Lu Wenfu once served as secretary general for Li Yuanhu, and Li Yuanhu promoted him to be vice governor. He pondered Li Yuanhu''s silent attitude, which was somewhat similar to Zhang Ke''s ambiguous attitude. He thought it was a tacit understanding.

    Lu Wenfu''s business was heavy and he didn''t have much leisure. He spent the summer in the teahouse at the foot of the mountain. At about 4 p.m., he got involved and left the teahouse on the North cliff of shizifeng.

    When Zhang Ke meets Xu Hongbo, they always have to kill a game when they have time. After Lu Wenfu leaves, they are not in a hurry to go down the mountain and ask Chen feirong to help bring the chessboard. They play a game with Xu Hongbo on the low table of the bamboo couch near the window.

    "Little girl, this is a graduation from school?" Xu Hongbo smiled and asked Chen feirong, "life is really in a hurry. I still remember the little girl running crazy in the chess yard with her nose. She has a strong temperament since childhood..."

    Zhang Ke smiled and knew that Chen feirong had not integrated into his role as an assistant for the time being. He reached into the chess box and took a piece and asked Xu Hongbo to guess. He decided to start first and then. He took the sunspot first and started with three consecutive stars. While falling, he said: "it''s too normal here in the East China Sea. It''s not normal to stir up Chen Qibin''s case..."

    "Are you going to take a big step back?" Xu Hongbo asked. "According to the development of the situation, Jiang Minzhi will come in alone. Maybe it''s Liu Wentao."

    "I never have any ambition in politics, and I don''t want to show any ambition," Zhang Ke smiled bitterly, "Jinhu promotes economic work in some places. There is no special interest demand, but this society is not a self-cleaning society. Since they think it will be a great pressure on Jinhu to come in alone, let them come in alone... If the East China Sea really becomes an iron plate with no loopholes to drill, it may be more wary of Jinhu. Jiang Minzhi wants to press step by step, and Jinhu will give way step by step. He always has to reassure some people above. "

    "Is that what Li Yuanhu thinks?" Xu Hongbo said with a slight smile. "He has greater political aspirations and will not stubbornly regard the East China Sea as his territory that can never be touched by others. Jiang Minzhi can naturally push the boat with the current if he wants to stir up the situation..."

    Zhang Ke nodded and said: "Jiang Minzhi really wants to include Liu Wentao in the team of the provincial government, and even let Liu Wentao replace Lu Wenfu to help him preside over the economic work of Donghai province. Li Yuanhu will probably acquiesce. Even Jiang Minzhi will adjust the economic work policy of Donghai Province, as long as he explores in a favorable way. I''ll wait and see if the muddy water can disturb Haisu technology I don''t know what the Yan family is thinking at this time... But even if it doesn''t bother Haisu technology, the Yan family doesn''t have enough time to go. "

    "I don''t know much about economic matters," Xu Hongbo asked. "If Hongxin hadn''t been too unruly, in fact, there are several private groups with a scale similar to that of Jinhu, which can also disperse some of the above attention to Jinhu..."

    "It''s not lofty. I''m ashamed to be with them," Zhang Ke said with a smile. "I''m going to take a train to Beijing in the evening. I probably can''t find time to have dinner with Mr. Xu..."

    Yan Wenjie frowned, looked at Liu Qijun and said, "Jiang Minzhi checked the securities and financial institutions subordinate to Donghai province. Xinghe securities is subordinate to the Ministry of finance. They can''t get together with the eight poles of Donghai province. What are they guilty of?"

    After nearly 20 trading days of rebound, Haisu technology''s share price finally stood above the price of 34 yuan per share, reaching the conditions for public issuance in the secondary market. When it was preparing to start the public issuance scheme, the lead underwriter Xinghe securities had the intention to shrink back at this time, saying that once Haisu technology''s share price fell below the lower limit, the issuance process would be terminated naturally, and Xinghe securities would not be satisfied The new shares issued do not fulfill the underwriting obligation.

    This is completely different from the previous commitment. Previously, Xinghe securities promised to sign an underwriting agreement for the additional issuance of new shares with Haisu technology. According to the previous commitment, as long as the additional issuance is implemented, the 140 million new shares that Haisu technology plans to publicly issue through the secondary market will be underwritten by Xinghe securities, and the risk that the additional issuance may be terminated due to the decline of share price in the process of additional issuance is also completely borne by Xinghe Securities assume that Xinghe securities only requires Haisu technology to pay higher issuance fees accordingly.

    Underwriting is the most favorable additional issuance plan for Haisu technology. Although the new technology sector in the global stock market rebounded strongly, the reason why Haisu technology rebounded to more than 34 yuan per share and doubled the rebound rate was the result of Hongxin and Jingdian mobilizing 2 billion funds to enter the secondary market. Yan Wenjie''s previous plan was to completely throw the mess into the hands of Xinghe securities We can withdraw $2 billion from the secondary market in time.

    Xinghe securities has changed its mind. Hongxin not only can''t withdraw funds from the secondary market, but also continues to mobilize funds to prevent the failure of Haisu technology''s share price falling below the lower limit in the process of additional issuance.

    The withdrawal of Xinghe securities surprised Yan Wenjie.

    "Jiang Minzhi instructed the provincial Securities Bureau to report the case of Yunlin securities to the CSRC at the first time. Yesterday, general manager fan of Xinghe securities, including Xinghe securities, called the CSRC for an internal meeting, and today he showed his intention to retreat," Liu Qijun said. "I''m worried that the Provincial Securities Bureau is not just a ''small report''..."

    Xinghe securities promised to underwrite, but it''s not that they didn''t realize the risks. Just how big the risks are related to the senior management of Xinghe securities? As long as it seems to be in line with the procedures, even if Xinghe securities will bear certain losses in the future, it can be said that they should buy a market lesson. They should not subsidize these losses out of their own pocket. It''s just the key At the head, the internal was warned that the CSRC would not have the courage to cooperate with the senior management of Xinghe securities to make waves against the wind. This is not a matter of how much money can be settled. For the senior management of Xinghe securities, as long as they sit in their seats, there are plenty of opportunities to make money.

    The key is the additional issuance of new shares of Haisu technology.

    Liu Qijun thought: it''s really tricky to focus on this key. They settled the relationship between the Department of Xinghe securities and the Ministry of finance, but they didn''t expect the securities regulatory department and the CSRC to focus on it.

    "Jiang Minzhi wants to stir up trouble in the East China Sea and want to attack our Yan family?" Yan Wenjie''s eyebrows jumped and his eyes narrowed. He didn''t think of this possibility before. Even if Jiang Minzhi made remarks against Internet stocks to the media during the sharp fall of the NASDAQ index in late April, he didn''t think too much. It was unexpected for Jiang Minzhi to become a roadblock.

    "Although Jiang Minzhi insists on the reform of state-owned enterprises in the ministries and commissions, he is quite resistant to the privatization and reform of state-owned enterprises. He is one of the representative officials in the ministries and commissions who propose to strengthen the status of state-owned capital. If he wants to take Haisu technology as a failure model of the privatization and reform of state-owned enterprises, he may not be able to make some small moves?" Liu Qijun analyzed the problems he thought to Yan Wenjie, He said again, "Liu Wentao has been close to Jiang Minzhi recently. Can you pass him..."

    Yan Wenjie felt a great headache and said, "it may not work. It''s said that Jiang Minzhi is quite a headache for others in the ministries and commissions. I''m afraid he can''t take back the spilled water; besides, when the old man was in the central ministries and commissions, he couldn''t have a harmonious relationship with the Jiang family..."

    "If we can''t sign the underwriting agreement with Xinghe securities and transfer the additional issuance risk to Xinghe securities, we can only modify the established plan. I''m worried that the rebound will be weak, and the pressure will be very great at that time..." Liu Qijun said, but we have to do it. In order to succeed in the additional issuance, Hongxin and Jingdian invested $3 billion before and after, Once the additional issuance is abandoned, the three billion funds must be stripped of two layers to get out. As long as the additional issuance is successful, it doesn''t matter at all that the three billion funds need to be stripped of three layers.

    "I''ll think about it again. I''ll inform Miss Lin when I have a meeting in the evening," Yan Wenjie ordered. "First think about whether there are any other countermeasures. Although it''s unlikely, I''d better visit Jiang Minzhi in person. I''ll go to Beijing again tomorrow. Maybe Xinghe securities can still do some work..."

    "I know," Liu Qijun nodded. Although he suggested contacting Jiang Minzhi through Liu Wentao just now, he knew that there was little possibility for Jiang Minzhi to change.

    Yan Wenjie didn''t see Jiang Minzhi. Jiang Minzhi visited Xintai and Jiangyi that day and lived in Xintai that night. Yan Wenjie can''t catch up with Xintai. Even if he does, Jiang Minzhi will surround local officials and may not give him a chance to meet.

    Yan Wenjie felt that work could still be done at Xinghe securities. He couldn''t wait to fly to Beijing the next day. He decided to take the night train to Beijing, so that he could get to Beijing before work time. This is the last key public relations work before the public issuance of Haisu technology. In addition to Liu Qijun, Yan Wenjie also invited Lin Xue and Wang Haisu to go with them. In addition, the person in charge of Jianye branch of Xinghe securities also went to Beijing with them to do high-level work at the headquarters.

    When Yan Wenjie and his colleagues entered the soft sleeper carriage of the train and saw Fu Jun and other staff of Jinhu standing in the corridor, they knew that Zhang Ke was also on the same train. Of course, he didn''t mean to visit. When they sat in the box, he couldn''t help guessing what Zhang Ke was going to Beijing for. There are two major projects under way at Jinhu. One is that Xinguang paper will be publicly listed on the stock exchange of Hong Kong. The other is that IDA group will acquire the liquid crystal business of Hyundai semiconductor group through Hg subsidiary. The listing of Xinguang paper in Hong Kong has almost been determined, which makes Yan Wenjie quite unhappy. Xinguang paper plans to publicly raise HK $6 billion in the Hong Kong stock market, which has been clearly supported by international investment institutions such as Goldman Sachs, HSBC and Guoyu. It seems that Zhang Ke doesn''t need to lobby in Beijing for this matter, Maybe it''s for the acquisition of the liquid crystal business of modern semiconductor group.

    Hg electronics enterprises are very vigilant against the rise of IDA group. It is conceivable that it is difficult for IDA group to acquire modern semiconductor LCD business through Hg subsidiary, and even Japanese electronics giants are secretly blocking it. After IDA group made a takeover offer to Hyundai semiconductor, Sony Corporation of Japan filed a lawsuit against Hyundai semiconductor for liquid crystal patent infringement, intending to prevent IDA from acquiring Hyundai semiconductor through patent litigation disputes.

    Jinhu is also not a fuel-efficient lamp. In late June, Jinhu commercial bank provided a loan of US $100 million to Huaxi mining as the reserve fund of rare and bulk metals. Huaxi mining immediately announced that the fund would be first used for the reserve of rare and bulk metal indium.

    As the liquid crystal market has not really developed, the global total annual trade volume of indium, as an essential raw material for liquid crystal display equipment, is only more than US $30 million. Since 1998, Huaxi mining has gradually controlled the production and export trade of about 70% of the world''s metal indium. This time, Huaxi mining announced that it would spend $100 million on the reserve of metal indium, which immediately stimulated the international price of metal indium to rise by 60%.

    According to the prediction of the International Electronics Association for the liquid crystal industry, the annual demand for metal indium in the global liquid crystal industry will surge from the current 100 tons to 500 tons in the next five years, and the global supply of metal indium will also surge from the current 200 tons to 800 tons. Most of the increased demand for indium will naturally be supplied by the indium factories controlled by Huaxi mining. If Huaxi mining collects and stores the output of one year, the key problem at that time is not how much the price of metal indium will soar, but that the liquid crystal industry simply cannot obtain enough metal indium for production.

    Even though Huaxi mining did not threaten to completely manipulate the metal indium trade, Huaxi mining threw out a US $100 million reserve fund plan, which caused a strong rebound from overseas forces. It is not only worried that the international metal indium trade will be completely controlled, but also that overseas forces have been complaining about the existence of dilute mining in China.

    Since the establishment of Huaxi mining group, which aims to integrate domestic export resources of rare and bulk metals, the international trade prices of rare and bulk metals, especially those whose domestic reserves account for more than half of the global reserves, have increased significantly in the past two years. For example, the international price of indium has risen rapidly from US $60 per kilogram at the end of 1997 to US $160 per kilogram now, and because of Huaxi mining''s statement on the construction and storage of indium, it has soared to more than US $250 per kilogram. These are indeed stimulating the nerves of some people, and some countries even threaten this issue with China''s smooth accession to the WTO.

    Although under the current international situation, the central government has no possibility of manipulating the international market price of rare and bulk metals through Huaxi mining, and Jinhu is even less likely to cut off the supply of indium for one to two years through Huaxi mining, this move of Jinhu commercial still sounds an alarm, Otherwise, why does Jinhu commercial need to provide us $100 million reserve fund to Huaxi mining when its own funds are in short supply? Jinhu has less than 12% equity in Huaxi mining.

    Yan Wenjie doubted whether Jinhu''s move could really touch the Japanese and Korean electronics giants and reduce their efforts to acquire the liquid crystal business of modern semiconductor, but there was too little other public news. He thought that Zhang Ke''s trip to Beijing might be for this. Recently, the senior management of Hg Hanxing bank visited Beijing, and Hg Hanxing bank is the main creditor of modern semiconductor and one of the actual controllers of modern semiconductor. It is normal for Zhang Ke to rush to Beijing to contact the senior management of Hanxing bank.

    Deliberately avoiding meeting, Yan Wenjie hid in his soft sleeper box after getting on the bus. He even regretted that he was in a hurry to take the train to Beijing. Lin Xue, Liu Qijun and Wang Haisu were also stuffy in Yan Wenjie''s soft sleeper box to discuss tomorrow''s public relations action. They all felt uncomfortable taking the same train with Zhang Ke, as if a needle pricked their back.

    Sitting in Yan Wenjie''s box, Lin Xue couldn''t help complaining: "he doesn''t have anything to do. What train?" the reason why she finally agreed to take Jingdian real estate mortgage to enter the secondary market with a mortgage loan of RMB 1 billion from ICT bank was also completely stimulated by Zhang Ke. The additional issuance was not smooth and faced a new crisis again. Although Lin Xue didn''t mean to complain, Knowing that Zhang Ke feels wrong in the same train, he can''t concentrate on discussing things.

    In her sleep at night, Lin Xue vaguely heard Wang Haisu knocking on the door of the box next door: "the NASDAQ index plunged sharply at the end of the trading..."

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