How much is a civil servant worth?
Seeing this question, civil servants will definitely feel offended. The party and the state have bestowed upon us positions, can they be asured in money?
Yes, at first glance, this question really seems quite pointless. The servants of the people obviously cannot be asured in monetary terms. One might even say that, after the abolition of slavery, literally no one can be asured in monetary terms.
However, so ordinary people may not find this question so pointless. They will carefully calculate it.
I don't go to many governnt offices, so I don't know how much it costs to decorate a civil servant's office. But the car under his butt costs hundreds of thousands of dollars, plus all kinds of salaries and benefits, all kinds of receptions, and business trips and inspections all over the country and the world... So to so extent, this seems quantifiable again.
......
The passive inaction of moving is, however, a positive and can't be more positive cooperation for those traders.
However, the share price, which was still hovering around 40 yuan, was obviously not up to their expectations. So the third stage of the plan, which had long been planned, was officially launched.
Before the market opened on the 24th, UBS Warburg, an investnt bank owned by UBS Group AG and one of the three major stockbrokers in Hong Kong, suddenly posted a notice inviting all its clients to attend a eting.
Li Ruiyuan was one of them. He and a few acquaintances from the industry walked hand in hand into the conference hall, or more accurately, it was a large eting room.
What was different from a normal press conference was that there was a complete set of teleconference equipnt on the conference table. Li Ruiyuan asked the person sitting next to him what the deal was. Most people were as confused as he was.
Only the fund manager, who usually had many sources of information, said with confidence, 'If I'm not mistaken, it should be related to that stock that has been very volatile recently,'
'You an mobile?' everyone responded.
'More or less,'
at 9 o'clock sharp, Mr Zhang, the executive director of UBS Warburg and head of the China Research Departnt, appeared with several senior executives.
This person is 66 years old, and has five years of previous work experience at the central bank. He then resigned to study in Australia, and since the mid-1990s, he has been involved in the securities circle in Hong Kong, where he is known for his outgoing personality.
Ti was tight, and he didn't waste any words. 'I'm sorry to have delayed your valuable ti. We invited you here because we have so news to share with you,'
At this point, his assistant was already dialing the phone. Mr Zhang introduced, 'The person we are contacting now is Mr Qian Jinchao, a senior researcher at the Ministry of Information Industry.'
The people in the audience now understood that it was indeed related to the mobile stock price.
'Hello, Mr Qian, this is UBS Huabao Zhanghuaqiao. I'm sorry, but I need to ask you to introduce yourself,'
'Hello everyone, how are you, Mr Zhang? I am Qian Jinchao, a senior researcher at the Ministry of Information Industry. I am very happy to accept everyone's interview,'
Researcher Qian, who was on the other end of the phone, did not speak standard Mandarin. He had an accent and spoke slowly and steadily. Although he was polite, everyone there could hear the 'official tone' in his words.
'I'm sorry to disturb you, Mr. Qian. I'm contacting you mainly because I have a question to ask,' said Zhang Huaqiao. As soon as he asked, the room imdiately fell silent.
'There's no need to ask . We can discuss it together,' said Qian Jinchao on the other end of the phone.
'As you are probably aware, there has been a lot of talk on the market recently that mobile companies will start implenting one-way charging from January next year. I would like to verify this with you. Is this a convenient ti for you to answer?'
The scene was so quiet that you could hear a pin drop.
'Regarding this issue, there is nothing much to say. The policy has already been decided and will be announced sooner or later. In order to promote the positive and prosperous developnt of the telecommunications market, according to the opinions and arrangents of our ministry, mobile companies will officially cancel two-way charging in January next year,'
Once this was announced, the room fell silent. Finally, they had heard an official announcent. Many people were so excited that they forgot their manners and imdiately started making phone calls. More people had already left the room of their own accord.
However, the news still had to be made known to Feng Yiping. Although Feng Yiping was currently in Singapore and attending to important matters, 'Yiping, just now, an official from the Ministry of Industry and Information Technology has confird the news circulating in the market,'
'Understood,' Feng Yiping said only one sentence and hung up the phone. He was very busy now, busier than ever, and also more nervous than ever.
This UBS Warburg conference call clearly pointed the way forward for investors. Although so investors still had so doubts, 'In the past, these big institutions would always keep any information tightly under wraps, and they might even spread so fake news to confuse the public and maximise their own profits. What's going on this ti? Are they actually going to make money together with everyone else? Sothing's wrong if it's not normal behaviour, so we'd better keep an eye on it,'
However, for most people, the first thing after the market opened was to scramble to dump their mobile stocks. As a result, in just a few hours, mobile stocks fell sharply by 7%!
When Feng Yiping returned to Hong Kong on the 25th, the sell-off continued. It was already very close to 40, slowly but surely approaching the 39 that Credit Suisse First Boston had previously predicted.
However, on this day, Mr Zhang from UBS Warburg once again jumped out, but this ti to clarify, 'The remarks made yesterday by Qian Jinchao, a researcher at the Ministry of Information Industry, only represent his personal opinion.'
anwhile, a more responsible newspaper also reported on the sa day, 'According to our verification, the researcher surnad Qian on the conference call yesterday was not a researcher directly affiliated with the Ministry of Information Industry, but a researcher from a subordinate unit of the Ministry of Information Industry.
A junior researcher from a second-tier unit could never represent the Ministry of Information Industry, and such a major personnel change could never be announced to the public by such a researcher.
What exactly was UBS Warburg's intention in spreading such false information, causing the Mobile stock to plumt? According to expert analysis, it was most likely another pre-arranged arrangent to get the public to cooperate with them and short-sell Mobile stock.
However, at this point in ti, such news simply cannot change anything. If a senior official from the Ministry of Information Industry had personally intervened, it might have had so effect, but like China Mobile, the Ministry of Information Industry still had not taken any asures at this point in ti.
By the end of the week, China Mobile's stock price had fallen to 39.6 yuan, which was very close to the 39 yuan predicted by Credit Suisse First Boston on the 21st.
Their sniping plan had been perfectly executed! Everyone had reaped a rich harvest!
Of course, these people themselves knew that, overall, this was only the first step in the entire plan.
At this point, compared with the previous month, the stock of Mobile had plumted 20%, and the market value had lost 17 billion US dollars!
This is not 14 or 15 years ago, when the wealthiest person in the country had assets of more than 17 billion US dollars. What does 17 billion US dollars in 2000 an? It ans that it is more than the assets of the top 100 rich people on this year's Forbes list of mainland rich people combined.
And the country's current foreign exchange reserves amount to less than 170 billion US dollars. In just over 20 days, the loss in market value accounted for more than one tenth of the foreign exchange reserves.
Such a huge loss finally made people unable to sit still, and the senior managent of China Mobile finally made their voices heard.
Even the Minister of Information Industry went to Hong Kong in person to clarify to securities and fund companies of all sizes that 'my personal statent only represents the opinion of the Ministry of Information Industry. The one-way mobile phone charging policy will not be implented next year, and it will not be implented until 2002 at the earliest.'
He also made an analogy: 'I am like a chef, I will definitely prepare so good dishes for everyone to enjoy, but everyone must also be patient and not go into the kitchen and look around!'
With such a direct statent from a high-ranking official, the share price of China Mobile subsequently rebounded.
This is what Feng Yiping has been looking forward to, and Feng Yiping, who has been paying close attention, is still greatly relieved, even though he has an idea of what is going on.
This matter is too big for Feng Yiping not to be cautious.
With the minister's return to the capital, it seems that the matter has co to an end. However, during this period, ordinary investors who have suffered losses will inevitably complain about China Mobile and related units. The occurrence and handling of this incident has also shown the outside world the lack of experience and subjective passivity of our central enterprises when dealing with such unusual and ordinary matters.
So the question is, how much is a civil servant worth?
Because he is representing the country, at a particular mont, a civil servant of a low rank can be worth billions of dollars with just a few words!
Even if he is a failure, not a success.
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