China's Shanghai and Shenzhen stock markets have been rising for five months. Since late October, the media questioned the Internet bubble gradually. The deputy director of the finance and Economic Commission of the National People's Congress, Zhou Changting, is strongly demanding that the securities regulatory authorities should squeeze out the bubbles in the stock market.

Zhou Changting once served as vice minister of the Ministry of finance. When he reached the age limit, he went to the National People's Congress to serve as deputy director of the finance and Economics Committee. His speech directly linked sensitive investors with the direction of the central economic policy.

Jinhu Research Center issued a distinctive economic analysis article, which was published on the front page of Shanghai Securities. It actually played a small role. Zhou Changting's words hit the Shanghai and Shenzhen index by two percentage points on the same day, and the Shanghai and Shenzhen stock markets began to adjust significantly after half a year's crazy rise.

Hailian light industry listed new shares in the early stage of adjustment, which had little impact.

In November, the autumn of Jianye is getting stronger and stronger.

Wei Lan went to Western Australia after completing the transfer procedures. Ye Xiaotong arranged intensive and maddening training for he Xian and Chen feirong. Zhang Ke met Chen feirong almost to help her correct her Japanese pronunciation. Su Yiting suddenly lost her mind and decided to take the postgraduate entrance examination. In 1978, Zhang Ke had to watch it from time to time.

That said, Zhang Ke doesn't like to sit at the bottom of the bar where the sun can't shine at dusk. He would rather sit in the coffee shop opposite 1978, sit in front of the French window, sit in the sunset shining from the floor gap, and occasionally look up at the entrance of 1978, which can be regarded as watching.

Even if Zhang absent-minded most of the time was absent, OK, he accompanied four bodyguards, two people sat under 1978 Wutong trees to read the newspaper, two people sat in the bar at 1978 bar drinking coffee, chatting, and they watched 1978 enough.

Li Xinyu came in with a book in her arms. She looked at Zhang Ke sitting there and smiled happily. Zhang Ke cleaned up the books on the table and asked Li Xinyu to sit down. Li Xinyu playfully shook her hand, pointed to the coffee table next door and said, "these homework must be finished this afternoon... You can't talk to me until I finish today's homework."

Looking at Li Xinyu sitting deliberately behind his back, Zhang Ke shrugged and continued to turn the book in boredom.

Zhang Ke looked through the book absently, listened to the noisy voice from the entrance of the stairs, looked up and saw Chen Yong, two young people and two beautiful girls come in and sit at the next table on the other side of him to chat. Zhang Ke looked back at Li Xinyu. She put on her glasses and put her fingers in her left hand to hold the long hair plate on her head. It seems that only in this way can she not let the scattered hair interfere with her reading. Looking at her special look, it seems that Chen Yong did not interfere with them at all. Because she leaned out of the window, Chen Yong and they didn't notice her.

It's really rare for a girl to be so attentive. As a member of the Li Jianxi family, it's really not easy. Zhang Ke thought to himself and listened to Chen Yong and his gang boast on stilts.

Still bragging about stock speculation, they withdrew before Zhou Changting spoke and the adjustment of Shanghai and Shenzhen stock markets. Zhang Ke shook his head and sighed: the Yan family has the ability to push people like Zhou Changting out as shotguns. It is extremely difficult to bring down Hongxin system politically, and they can only induce the Yan family to take the initiative to swallow the bait step by step - to tell the truth, If the Yan family were not aggressive, Zhang Ke thought it would be a good thing to have a few more Hongxin's huge private capital forces in China, which could actually share the political pressure to be borne by Jinhu; Unfortunately, the Yan family is too greedy and is by no means a good collaborator.

"It's hard for some people to make money these days, but it's too easy for us... You bastard, I told you to go home and borrow as much money as you have. You can make a profit without losing. It's nice of you to come here and say your best. If you didn't want to be friends, I wouldn't have the face to say hello and let you join... Now I know Regret? "Chen Yong spoke arrogantly to a young man, got excited, and couldn't help poking his finger at the guy's forehead." it's good for you to be timid and hold some small money. Tell me, can the broken company you signed with give you 40000 a year? "

Zhang Ke saw that the young man who poked the forehead looked familiar and seemed to be a cadre of the student union. The guy poked Chen Yong's forehead without annoyance. He smiled and said, "boss, you eat meat and we'll drink soup..."

"Get rid of that broken company quickly. I'll ask Hu Jinxing to give you a job in Haisu and follow us to specialize in stocks - you say you can't earn 1 million a year. I just ask Tingting to introduce the girls in their team to you. You can't keep it. Woman, you have to fill in money to make them really satisfied!" Chen Yong said recklessly, He didn't mind Zhang Ke sitting at the next table and hearing them talking. Seeing that he spoke rudely, the girl looked coquettish and angry and wanted to pinch him. She didn't know what Chen Yong said when he put his mouth close to the girl's ear. The girl smiled again. Her face was still a little flushed. She sat on Chen Yong's hand with her ass full, but her face turned to the other side to talk to the same girl.

After another girl came in, she took off her coat and sat there in a brown sweater. She looked a little pinched and resentful. She probably resented Chen Yong's deliberately rude way of speaking and arrogant attitude towards others, but she yearned for Chen Yong's amazing money making skills and the life of rich people, Maybe it's the kind of state of mind that wants to indulge and is unwilling.

After listening to Chen Yong and looking at the two beautiful girls with long legs, Zhang Ke thought that they might be students of dance in the Conservatory of music or girls in the Cadet class of the Legion song and dance troupe. The whole society is materializing. When Zhang Ke thinks of his simplicity, he thinks that a girl with a beautiful face must have a good character. It's funny to think of it.

Looking at Chen Yong's show off of putting the AIDA D series dual screen mobile phone on the corner of the table, Zhang Ke also thought it was boring at this time. He deliberately wanted to stimulate him. He took his mobile phone out of his trouser pocket and put it on the coffee table. The sapphire ground mirror screen was crystal clear and glittering in the sunset, and the metal luster of aviation grade metal casing under the sunset was also particularly delicate.

The market price of Aida D series dual screen mobile phones is more than 6000 yuan. They are high-end phones and are exquisite and fashionable. However, compared with the customized mobile phones dedicated by Zhang Ke, Chen Yong can't wait to take them up and hide them in his trouser pocket immediately.

"Er," Chen Yong said hello to Zhang Ke, "where did you buy your mobile phone?"

Although he and Hu Jinxing were told not to provoke Zhang Ke, they themselves knew that Zhang Ke was not to provoke them, and * * and dandies were also graded. In their view, Zhang Ke's kind was the acme of dandies. It was even before Xuebin almost had a big fight, but he didn't even have the courage to ask questions. People of Chen Yong's family background are also realistic and have a thick face. They think that Hu Jinxing can get close to Zhang Ke when he has no idea of Chen feirong.

"Buy a mobile phone?" Zhang Ke looked at Chen Yong in surprise and asked, "I've never bought a mobile phone. This mobile phone was customized by the designer and the mobile phone company..." seeing that Chen Yong's eyes were still staring at the mobile phone, he handed it to him.

Listening to Zhang Ke's words, Chen Yong couldn't help but feel inferior. He carefully took Zhang Ke's mobile phone for fear that it would be smashed on the ground. When he received the mobile phone, he became more and more aware of the essence of the mobile phone. The two girls also curiously opened their eyes and gathered together to appreciate the mobile phone.

"Are you from the student team?" Zhang Ke asked.

"Er..." the girl looked up at Zhang Ke suspiciously, "you ask me?"

"Yes, what's your name?" Zhang Ke asked.

"Hu Weijia, we are all members of the song and dance troupe of the military region..." Hu Weijia said carefully. She had long noticed Zhang Ke sitting there reading and watching the sunset. The leisure temperament revealed by Zhang Ke is like the Yangui lake water in the sunset. It is by no means comparable to Chen Yong's deliberate rudeness and affectation.

Just as Huaichun's young men look at the beautiful girls sitting quietly and know how to have secret love, Huaichun's young girls will also have an inexplicable favor for handsome boys with superior temperament.

"My name is Zhang Ke. I'm born twice. I remember where I met you before. We'll be friends this time?" Zhang Ke said.

"You said you had seen it before. Why don't I remember seeing you? So we can only be regarded as' a rebirth '!" the girl smiled playfully, looked shy and spoke to Zhang Ke with a little excitement.

"Ah, I have something to go first..." Zhang Ke stood up and went downstairs.

Chen Yong was inexplicably holding his mobile phone to return him: "your mobile phone..."

Zhang Ke turned and went upstairs again. He looked at Hu Weijia and said in surprise, "ah, you're drinking coffee with your friends here too?" he looked relaxed and sat back. He looked like he had just come upstairs to meet an old friend and said to Hu Weijia, "I remember seeing you here before. This time we should be friends?"

"..." the girl smiled, looking soft and attractive, and said angrily, "I've never seen you so rogue... Well, I'm a friend now..."

Zhang Ke beckoned the waiter to bring the wine list, told the waiter to leave, and said to Hu Weijia: "You look soft and delicate in a light brown sweater, which is similar to the mellow and palatable style of Blue Mountain coffee; your long hair has the unique dark color of Manning coffee beans in the evening sun. I asked the waiter to transfer Manning coffee to Blue Mountain coffee. I don't mind if I buy you a cup of blue man coffee, blue man, blue mountain garmanning. The name of this coffee seems to be particularly suitable You... "

Chen Yong's eyes were straight. Looking at Hu Weijia with a shy look and a little excited, he stood up and sat down at Zhang Ke's table. In addition to his bitter bitterness and inferiority, he didn't even have a heart of hatred: Hu Weijia seduced Hu Weijia for many days. Finally, he had to first put Hu Weijia's friend Xie Tingting to bed, thinking about curve saving the country. Maybe he might have a chance to play Shuangfei. Where did he think of Zhang Ke Understatement. In less than five minutes, most of Hu Weijia's soul will be hooked. When he picks up girls to his level, money will really become something outside his body.

Zhang Ke smiled and asked Hu Weijia to sit down. Just about to laugh with her, he stabbed Li Xinyu behind him. Zhang Ke looked back. Li Xinyu hadn't turned back and turned his back to this side. Xuenen's small hand held over his head was holding a note. Zhang Ke took it and saw Li Xinyu write on the note in Korean: "you're really a scoundrel! People haven't read that novel!"

At this time, Hu Weijia noticed Li Xinyu's existence, but Li Xinyu looked out of the window, didn't turn around, and her hair spread again, covering her side face. She couldn't see her sexy and charming figure from the dark red mask, but looked at Zhang Ke suspiciously.

Zhang Ke took a pencil and spread the note on the table for Hu Weijia. He took out another pencil and pretended to translate. While writing, he said, "she said: I saw you here yesterday. I like the book you read. Can you lend it to me..." he shrugged and spread it out again, "Korean is concise and comprehensive. A few characters can express so many meanings. It's like classical Chinese. It's really difficult to translate... Probably the meaning is similar to what I told you just now, that is, the so-called" one rebirth and two familiarity... "

Hu Weijia looked suspiciously at Li Xinyu. At this time, Li Xinyu lay down in the pile of books with his head in his hands.

Chen Yong was depressed. He couldn't afford to hate Zhang Ke. He handed his mobile phone back to Zhang Ke and told the waiter that they didn't want the drink they ordered, so he went downstairs. The girl holding Chen Yong's arm called Hu Weijia to go together before going downstairs. Hu Weijia hesitated. It's reasonable to leave with her friends, but he was reluctant to give up.

Zhang Ke said, "I'm going to Chuangyu Internet cafe? I'm going after coffee..."

Hu Weijia said to his classmates, "I'll come to you later."

Chen Yong and them went downstairs. Li Xinyu turned around and would laugh if he didn't turn around.

At first sight of Li Xinyu's pure, charming and unparalleled face, Hu Weijia was stunned. If a beautiful girl is very proud of her appearance, most of them will feel inferior when they see a girl more beautiful than her. The key is that Li Xinyu's pure and charming temperament is not artificial. Hu Weijia immediately felt ashamed and looked at her angrily Looking at Zhang Ke's look, I already knew that she and Zhang Ke were very familiar. Maybe they were lovers. They were kind of ashamed and angry to be teased. They stood up and had to go

"I just want to buy you a cup of coffee," Zhang Ke looked at Hu Weijia, "I'm sorry if what I said just now gives you some beautiful illusions - if you want to know the temperament of Chen Yong, I don't mind inviting you to have an extra cup of coffee. Maybe you already know it in your heart. Maybe you will think it doesn't matter, but don't mind if I invite you to have a cup of coffee... Lanman coffee, blue mountain gamantnin, maybe there will be a boy in the future The club only invites you to lanman coffee. "

The waiter brought the coffee. Hu Weijia sat down and drank lanman's coffee quietly before leaving.

Li Xinyu's face was sticking to the glass window, watching the girl pass by the Wutong tree outside the window and raising her hand to wipe her tears. Then she turned around and stared at Zhang Ke. "You are so cruel, so rascally seduced the girl, and so cruel to attack her..."

Zhang Ke talked and handed her the coffee on Li Xinyu's table. She asked her to drink coffee with her without saying anything.

Li Xinyu stared at the sunset in the distance and said, "even some beautiful illusions are better than no illusions. What do you think?"

"I simply believe that this is not just an illusion!" Zhang Ke said with a smile. "If some beautiful things are just an illusion, the world is frustrating enough... What do you think?"

"..." Li Xinyu smiled playfully and said, "you are a scoundrel, which is beyond doubt, not an illusion!" seeing that Zhang Ke had to talk to her, she quickly saved Rao, "no, no, no, I can't talk anymore. I still have ten pages to read. When I finish reading these things, you can talk to me again. My self-control is very poor..."

Zhang Ke smiled and continued to read the book without chatting. When Li Xinyu finished her homework, the sunset sank below the horizon. Zhang Ke and Li Xinyu held the book to find a place to eat together. After passing through the street, they met Chen Yong and didn't see Hu Weijia.

Chen Yong also thinks about Zhang Ke's mobile phone and asks him how to customize it. Zhang Ke nonsense tells him to find an Italian designer and mobile phone company. A unique luxury customized mobile phone costs US $60000 or 70000. Chen Yong thoughtfully doesn't ask Hu Weijia why he isn't with Zhang Ke, so he walks away.

Zhang Ke and Li Xinyu walked in front of Chuangyu Internet cafe, looking at the Internet cafe that no longer belongs to Chuangyu, looking at the crowded inside, it is still the same. After Haisu technology took over Chuangyu Internet cafe, they desperately expanded the capacity. In addition to directly acquiring Fengyun Internet cafe opposite Chuangyu Internet cafe, they also rented thousands of square meters of office users on both sides of Fengyun Internet cafe, We are going to carry out large-scale expansion. Depending on the scale, the scale of directly operated Internet cafes in Xuefu Lane alone may exceed 4000 machines.

Zhang Ke knows that Haisu technology will sprinkle 200 million funds to expand the business scale and expected performance level of Haisu technology before the public issuance of new shares in May next year.

Hainu technology takes time, and Hongxin also injects new technology subject assets into another listed company controlled by them. These operations take time. They also know that the premature arrival of new technology will lead them into an unfavorable situation. Therefore, Kumho's research center has thrown bubbles theory, even if the bubble problem is not very serious at that time, they are also very fast. They realize that a certain degree of repression will give them more initiative.

Although the essence of the domestic securities market is a policy oriented market, it is also this characteristic, which gives Yan Wenjie more confidence to grasp the initiative, but under the general trend, the initiative in the capital securities market is not so easy to grasp.

In addition to the constant oscillation in the stock market, in the more important financial events in early November, the wafer process technology transfer agreement between Jinhu and Deyi was approved by the Bureau of industry and security of the U.S. Department of Commerce after three months of strict review.

The news believed that the technology transfer agreement between Jinhu and Deyi had been substantially reached, which attracted strong attention from electronic enterprises in Japan, South Korea and Taiwan, especially from wafer manufacturers. The acquisition of 0.25/0.18 micron technology by SMIC means that the gap between the wafer manufacturing base in the mainland and the advanced level in Asia has been shortened to two years. After the completion of SMIC Xinpu factory, they feel a threat, but the technology transfer agreement is finally reached, and the initiative is in the hands of SMIC.

Direct obstruction will not work, but it does not mean that they will sit idly by. TSMC announced that it would restart the 0.13 micron new plant construction plan when Jinhu and Deyi reached the technology transfer agreement. On the day after the technology transfer agreement was reviewed by the U.S. authorities, TSMC submitted the new plant construction plan to the general meeting of shareholders for deliberation.

RB Panasonic electronics and Hg Samsung immediately announced that they would build a new 0.13 micron factory to maintain their competitive advantage. NEC Electronics was already investing in a 0.13 micron 12 inch wafer factory a year ago, and this time announced that they would invest in eight new lines.

On the one hand, if the new plant plans announced by TSMC, Samsung, NEC and Matsushita are implemented, the wafer production capacity in Asia will be expanded by 50%. Although it is unknown how long it will take for the wafer market to get out of the depressed state in the future, the explosion of production capacity together will lead to a sharp rise in the price of manufacturing equipment.

In addition to Samsung, TSMC, NEC and Panasonic all have strong financial strength, backed by the Mitsui consortium. Even if they pay $1 billion or $800 million more to maintain their competitive advantage, they will not hurt their muscles and bones. For the microchip, it is mainly supported by Jinhu. Even if the investment is calculated based on the equipment price in 1997, it will be hard enough to build two new factories. The pressure will be doubled with the sharp rise in the price of manufacturing equipment.

TSMC and Samsung have announced four lines, while Panasonic and NEC will have a total of 16 lines. It is clear that Jinhu's intention to run on the price of manufacturing equipment. Even if Jinhu can extort $900 million from Microsoft, it will be consumed in vain by the rise in the price of manufacturing equipment.

In addition, under the combination of Mitsui products, NEC Electronics proposed to transfer a higher level of wafer manufacturing technology to Huaxia NEC. People with a clear vision know that building a new plant at the same time requires a lot of funds, and the central government can not tilt towards the micro core. After all, the pure micro core is a non-state-owned enterprise mainly based on private capital and joint venture with foreign capital.

Almost at the same time, on behalf of Samsung Electronics, Li Zaizhu announced that he would jointly build a 0.35 micron eight inch wafer factory in Wenzhou with Wenzhou municipal government and Hongxin, adding another pile of smoke to the battlefield filled with gunpowder.

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