Beiyang reactionaries

After Zhang Jiaao finished speaking, he remained silent.

The same goes for everyone else.Even Song Hanzhang, the head of the Ministry of Commerce, glanced at Zhang Jiaao, but quickly lowered his head.There are many stock exchanges in Shanghai.

speculation?

There are many institutions involved.

Including those banks.

They harvested leeks one after another. Foreign funds harvested money from Chinese institutions, and those Chinese institutions harvested Chinese scattered people.The steps Zhang Jiaao mentioned were actually to cheat other funds.

Government-controlled banks and other institutions all withdrew from the Shanghai Stock Exchange.These institutions also have a lot of funds in the stock market.

If the government agency runs away, it is very likely to detonate a chain reaction in the Shanghai Stock Exchange.Those who ran in front ran away, but what about the ones behind?If you can't escape, you can only go bankrupt.

"Will the loss be too great?"

Duan Xun was silent for a while, then asked Zhang Jiaao.

Zhang Jiaao said: "Prime Minister, we must continue to suffer from the chaos. Although Shanghai is very important at present, the current Shanghai Stock Exchange is still limited in scale. However, with the current economic development in China, especially the development of water transport and railways, Shanghai's The economic strength of the border is getting stronger and stronger. It has been particularly obvious in the past two years.”

Shanghai indeed has a unique position.

As the core city in the Yangtze River Delta region, a large number of Chinese products are exported from Shanghai.All kinds of products from all over the country gather in Shanghai and export from Shanghai, which brings huge funds to Shanghai.

Not to mention, Shanghai is currently the most industrialized city in China.

In particular, there are many factories of various light industries.

In recent years, the political situation in China has been stable, and the economy has recovered a lot.China has been in turmoil since the end of the Qing Dynasty, with constant wars.After entering the Republic of China, it was a small battle in three days and a big battle in five days.

There are hundreds of warlords large and small across the country.

There are even dozens of warlords fighting in a province.

There are too many wars, which seriously affect the development of the country and the development of the economy.But although there have been some wars in recent years, most places have not fought for many years, and the places have begun to settle down.

In particular, the southwest region where Duan Xun started has not fought a war for seven or eight years.

As long as there is no war and everyone can develop in peace and stability, the speed of development is still very fast.In particular, Duan Xun adopted measures to encourage the development of private capital and private light industry.

Government funds and investments have all flowed to industry, to infrastructure, steel plants, and mines.Other non-government areas are encouraged by the government.

Including the tax cut policy adopted by Wang Yongjiang, and the government's strategy of adopting domestic products in the acquisition, all of which have greatly promoted the development of domestic national capital.

As the leader of China's economy, Shanghai has experienced rapid economic development in recent years.

The number of factories is different.

In the past three years, the number of various companies registered in Shanghai has more than tripled, greatly prospering Shanghai's economy.But the more prosperous Shanghai's economy is, the greater the financial danger will be.

"Prime Minister, it is easier to make up your mind to solve the problem of the stock exchange now. When Shanghai's economy develops further, China's economy develops further, and more funds will flow to those stock exchanges in Shanghai, if you want to take action against the stock exchange, then At that time, the entire Chinese economy will be affected. At that time, it will be even more dangerous. If we do it now, although there will be some impact, as long as we plan carefully, the impact can be limited within a certain range. Even if there are really many losses and many problems, but It's also within our control."

ruthless.

Zhang Jiaao's method is actually very ruthless.

Allowing many institutions controlled by the government to withdraw funds will definitely detonate the Shanghai Stock Exchange.At that time, I don't know how many people will jump the Huangpu River.

However, Zhang Jiaao's approach can preserve a large number of government assets.

It is even possible to cheat a handful of foreign funds by the way.Many foreign banks and investment institutions are manipulating Shanghai's securities market.If those institutions in China run away first, they will also cheat these foreign banks and investment institutions.

But Duan Xun didn't blame Zhang Jiaao.

On the contrary, he recognized Zhang Jiaao even more.This person was born as a literati and has been working in a banking institution.In terms of professional ability, there is nothing to say, it is very good.

Now it seems that this ruthlessness is also very good.

As the president of the Bank of China, and as the future regulator of China's financial institutions, he still needs to be ruthless.Without such ruthlessness, Zhang Jiaao would not be qualified to be the president of the Bank of China.It's just that I don't know how many people will be tricked into jumping the Huangpu River.

"Will someone take the money and run away?"

"There will definitely be. Once the stock price of the stock exchange is detonated by us, the so-called stocks in many stock exchanges will all become garbage, because their so-called companies are garbage in the first place. I don't know how many stock exchanges will choose to run away."

"Is there any protection against this?"

"Prime Minister, this requires the help of the Shanghai Procuratorate and the police station. Lock up the bosses of those stock exchanges and lock up their funds. If something goes wrong, you must not let him escape."

Duan Xun nodded.

Yes.

Sometimes you can't be too introverted.

Some pustules should be squeezed or squeezed.It's better to pierce early than late.There will be some confusion for a while, it is better than leaving this pustule to grow bigger in the end.

Zhang Jiaao is right.

What happens now can still be controlled.But in the future, more and more funds will flow into those stock exchanges in Shanghai, and when they are wiped out, the casualties will be dozens of times the current ones.

It will even affect the whole of China.

"it is good."

Duan Xun finally made up his mind.

Regardless of whether it is a stock exchange or a bank, it must be resolved.Although once it is shot, it will inevitably affect financial stability within a period of time, and there may even be a big rebound.

But it has to be done.

"Financial stability is no less than a war. Financial security must be in our own hands, and it cannot be as chaotic as it is now. Even if there is a price, even if some funds are run away and affect the economic development of our country, we must do it Long-term pain is worse than short-term pain. The cabinet set up a financial reform committee to take charge of this matter. I personally serve as the chairman of the committee. Anyone who opposes this financial reform will be dealt with. Prime Minister Wang."

"Yes."

"You serve as the executive deputy director and are fully responsible for this financial reform."

"Yes."

"President Dong (Dong Kang), President You (You Min)."

"Prime Minister."

"The two of you serve as members of the financial reform committee, and let the Ministry of Justice and the Ministry of Police escort this financial reform."

"Yes."

This is the next biggest job.