Category: Money tips Release Date: 2007-04-22
36 years old, it should be not too old, but 13 years of securities business experience has really made a lot of my colleagues speechless. But 13 years ago, my first stock companies where it has been several times the body has been at the cusp of mergers and acquisitions.
In 1993, I am Clueless science and engineering graduates into the securities business of a financial services corporation department, before the thought would go to a computer company after graduation or graduate work in a unit like totally did not expect to enter the financial sector, and more did not expect from this never fully emerged from the industry. In 1993 the entire stock market is still in its infancy, many of the securities business departments, such as mushroom, money appears to be particularly easy, every poll securities business department are surging, a booming scene. Where I is also a newly established institution, no one until sufficient experience in this regard, managers are also testing the waters seemed to walk every step of the Lu Di. However, when the chaos is often the easiest to Amoy to the first pot of gold, but in how it works, after a pot of money will determine the fate of the enterprise.
At that time a very popular corporate bonds, high interest rates, many bond interest rate has reached more than 24%. The securities business department where I small, rely on a single A-share trading commissions is difficult to maintain the huge amount of money, so managers will soon be eyeing the high-income corporate bonds, the four events, who can pull virtue of the relationship between to the corporate bonds sales agency who even meritorious, because pulling to the bonds will soon be sold out, there Buchou Mai. For investors, speaking, such a high return is indeed rare, coupled with bond business at the beginning of the 2012 schedule will also be able to draw interest to the sales points are passed on to investors, so investors in the after taste of sweetness a more relaxed sense of risk, not only are not required after the expiration of redemption, but also increase the investment share, even in the family and friends with each other to pass such information, so that more people into it.
Unfortunately, such a peace and prosperity did not last several years, bond funds corporate chains have broken, some enterprises have simply closed down, most companies did not interest allocated to the consignment agencies, not to mention the principal. In desperation, the securities business department to make the body to make the stops拆东墙补西墙own Dianqian returned to investors, will be sent directly into the corporate finance and long-term presence, as long as the money into the enterprise on a direct request assigned to the Securities Sales Department ... ... it is after all a snowball rolling too much, and those methods can only solve the tip of the iceberg. When the issue of corporate bonds are increasingly exposed in the public eye, the things on the development until the situation got out of hand.
During that time I have been debt securities business departments Cuizhai China plastered posters, the door has been indiscriminately graffiti paint every day, a large number of debt-min demonstration at the door, door negotiations, and even the leadership of a major debt also Qiji people trapped in the office up to two days old, came out is untidy. Do not remember how long, and later in all aspects of financing finally been resolved in consultation with, and I where the securities business department also disappear, by the end of 1998 was the acquisition of a trust and investment companies, certain trust and investment companies into the securities business department.
The acquired taste, and feel good, especially at the beginning is a kind of Jirenlixia feeling. But even more important is that this new environment is the lack of strict standardized management, without a sound organizational oversight body, there is no perfect management system, leadership was concerned only with how much money, do not care about the origin of the money; was concerned only with immediate interests, regardless of the company The long-term development. During this period, where I was in what the sales department had in the past treasurer embezzlement of public funds, department manager, treasury bonds repurchase repeated misappropriation of clients funds will be used to purchase new shares. New shares at the time of return rate is very high, in 1000 new shares to make a few thousand or even million of them are very common, and new shares in the success rate is considerably high. , According to data released later showed that the accumulated funds of its buyback has Jige Yi, so profit as much as several million, all attributable to an individual (the bit after being sentenced managers and their associates). Such non-standard operation and management, with the maturity of the securities market is clearly runs counter to the norms, and also indicates that can not be sustained. Sure enough, as the country to strengthen the management of the market a year later, that is, by the end of 1999, we have become the object being managed.
Fortunately, during the trusteeship period because of a job well done, I was seconded to the securities firm managed this --- GF Securities, although the acquisition was not successful, but I am lucky to have been stayed. And I had those old colleague shortly after became the Guangdong Securities employees, I thought good to enjoy the shelter under a tree, and could use a breath can be Surprisingly, Guangdong Securities has unmasked, had once again faced with the embarrassing situation of being acquired. After a series a few years later, finally the ownership of the result, I can not help but ask those old colleagues: "This will not be acquired in the bar?" Yes, every time the acquisition is a challenge for staff to the psychological pressure to bear for some time, as to adapt to new leadership, new colleagues, new management methods, and may even risk being dismissed completely like a child without father and mother, there is no sense of security.
GF Securities in the securities industry to standardize their operations, known, was established in 1993, that is, the year I entered the securities industry. Maybe it is unknown at the beginning, but it farther good, but my first where that securities companies are also setting up the same time, over the years but several times their body, again and again from the three disappear from the market, the total also escape the fate of the acquisition, I think the most important reason is that leaders of these companies did not use the vision to look at the development of securities market regulatory process, but the market from immature to mature the process of the chances that exist in psychology, for the money risked offending the risk of undue haste, the result is fail, fall short.
