Shanghai Oriental Pearl (Group) Co., Ltd. was established in August 1992. It was the first cultural listed company in China. The Oriental Pearl Radio and Television Tower, which belonged to the company, was a landmark building in Shanghai City. It was such a company with no special profit growth space that created the miracle of rising from 10 yuan to 39 yuan in a month in 1994. Yang Xing remembered very clearly that the leader of the stock market's surge in 1994 was the concept stock of Shanghai. It was a very appealing theme. It relied on the huge investment of the country to develop Shanghai and the infinite expectations of investors for the development of Shanghai. It did not value actual performance and profits. It could give full play to imagination, thus creating the miracle of Oriental Pearl. The other stocks in Shanghai also rose by two to four times, driven by the "Lujiazui". "It's all thanks to my two years of working in the stock exchange company," Yang Xing thought to himself. He began to patiently build his position. After the stock market crash in 1993, the Shanghai index plunged from 1500 points to more than 300 points, causing many veterans in the stock market to suffer heavy losses. At this time, he entered the market to buy. He was a young man with a huge sum of money. Even if Yang Xing was very low-key, many old investors looked at Yang Xing and the others with pity. They wondered which family's prodigal son was destroying their family property.
Yang Xing was buying crazily in the market. Even if he could hide it from the eyes of ordinary people, he couldn't hide it from the eyes of Fang Kai, the vice president of Jiu Du City's stock market. After carefully studying Yang Xing's technique, he did not find anything special. Although he had been in the stock market for many years, he did not have Yang Xing's " foresight " ability. He only had some doubts about Yang Xing's youth and wealth. He felt that there was an expert behind the scenes guiding him. He decided to observe for a while longer until that day suddenly arrived.
When the market closed on Friday, July 29, 1994, the Shanghai index had fallen to 333.92 points. On the same day, the People's Daily published a report on the measures to stabilize and develop the stock market between the China's stock exchange commission and the relevant departments of the People's Republic of China, demonstrating the firm confidence of the management after the bear market in the first half of 1993. On July 30, the China's stock exchange commission announced three measures to save the market: The suspension of new share offerings and listing during the year; Strictly control the scale of the rights issue of listed companies; Taking measures to expand the scope of funds entering the market was commonly known as the "three major policies", but the people jokingly called it the "People's Liberation Army City". It was because Monday was the 81st Army Day. On August 1st, after the announcement of the three major rescue policies, including the suspension of the issuing and listing of various new shares, the Shanghai composite index soared to 60.95 points and opened 18.25% higher. The long-suppressed buying was like a volcanic eruption, and the stock market was red. In 1994, there were 287 A and B listed companies in the Shanghai and Shanghai markets, and their stocks rose to varying degrees. The business halls all over the place applauded. Yang Xing stood in the business hall of Jiu Du City, listening to the thunderous applause. He clenched his fists, and his palms were covered in cold sweat. Although he was calm in front of Zha Laowu, there was still a trace of panic in the depths of his heart. What if his arrival changed the trajectory of history? Now, it seemed that he had finally grasped the unknown fate by the throat, and history was still moving forward on its original track. That day, the stock index rose sharply by 111.72 points. The stocks that Yang Xing bought doubled in the blink of an eye. After settlement, it was more than enough to pay off Cha Laowu's loan sharks. Hei Wa and the other two were shocked by the news and sat on the stool for a long time. Yang Xing patted Hei Wa's shoulder and said," Send a message to Fifth Brother. If you want to make a fortune, you have to make a move as soon as possible."
Of course, as a reborn person, Yang Xing knew something deeper. The sudden leap in the stock market in 1994 suddenly broke out in the first half of 1994. Due to the tightening of monetary policy in 1993 and a series of stupid moves by the management, 1993 - 1995 was recognized as a big bear market. The super rebound in 1994 was only the performance of China's unique "policy market" and was destined to be short-lived. Therefore, if Yang Xing wanted to make a lot of money, he could only seize the time and put everything on the line. He would gather as much money as he could. Zha Laowu was only one of his targets. The other target was Fang Kai, who had been hanging around him for the past few days. He wanted to find out more about him. It was not for anything else, but just the title of Vice President of the stock exchange department on Fang Kai's head made Yang Xing drool.
Yang Xing knew about Fang Kai through Fan Wei's mother's secretary. The deputy manager of the security business department had graduated from the economics department of the People's University of China. He had a master's degree in the United States. After returning to China, he became the business manager of the provincial State Investment Corporation when he was only in his thirties. It was only because he stood on the wrong side in the struggle of the upper echelons of the provincial state investment corporation that he was assigned to the stock business department of Jiudu as a deputy manager. There was only one reason why Yang Xing had targeted him. He was the deputy general manager of the stock exchange business department and had the ability to conduct margin trading.
To put it simply, margin trading was borrowing money from a broker to buy a security. In margin trading, one borrowed the security from the broker to sell it. After maturity, they would return the borrowed funds or security according to the contract and pay a certain interest fee. Strictly speaking, the official margin trading business of China's stock market was only officially launched in June 2010. At that time, a group of experts were very excited and thought that China's stock market had finally ushered in the era of "short selling". However, the old shareholders scoffed at it because they had seen it more than ten years ago. In 1993 and 1994, many security firms began to provide " overdraft " services to their clients. That was, clients borrowed money from the sales department to buy stocks or borrow stocks to sell. This also caused many security firms to fall into a pit of losses. It was not until 1996 that the China Security and Exchange Commission banned the margin trading business. It was not until 14 years later that the ban was lifted. It was important to note that China's Security Law was officially promulgated in December 1998 and implemented in July 1999. It could be said that before the introduction of the Security Law, the Chinese stock market was still fumbling about. What it followed were the administrative regulations issued by the government, such as the " Temporary Regulations on the Administration of the Offering and Trading of stocks,"" Regulations on the Administration of Enterprise Bond,"" Temporary Regulations on the Administration of Convertible Company Bond," and " Temporary Regulations on the Administration of Security Investment Fund," etc. Not only were there many policies, but the outdated ideas also caused many loopholes in the system. The margin trading business was reasonable and legal, but many people knew nothing about it. Even if they knew, they couldn't get money. And a deputy manager like Fang Kai had at least a few million yuan in his hands, which made Yang Xing very tempted. He knew that Fang Kai would be moved by the soaring stock market. He believed that a financial expert who had returned from overseas would not be willing to stay in the small world of Jiu Du City forever. Otherwise, why would he always revolve around him?
On August 8th, a week after the stock market rose, Zha Laowu found Yang Xing. Yang Xing looked at the big woven bag in Zha Laowu's hand that was blue and red. He did not ask much, but reminded him not to talk too much later and to act according to Yang Xing's eyes. He and Yang Xing went to Fang Kai's office together. After some small talk and probing, everyone tacitly talked about the core issue. Yang Xing then asked Zha Laowu,"Fifth Brother, how much did you bring this time?"”Zha Laowu was stunned for a moment, but his many years of experience in the martial arts world quickly made him notice that Yang Xing had secretly raised a finger at him." 100 bricks," he replied expressionlessly. With a swoosh, Yang Xing unzipped the big woven bag in front of Fang Kaide. Cha Laowu's hand moved slightly but he didn't stop him.
Fang Kai was a native of the Central Plains, so he naturally knew that it was the slang for "one million yuan" in the Central Plains (a brick was ten thousand yuan). However, when he saw the stacks of hundred-yuan notes after opening the woven bag with his own eyes, the corners of his eyes twitched violently. "What do you mean?" Fang Kai asked with a straight face. "Don't worry, this isn't a bribe. It's a deposit. I want to overdraw a sum of money from your sales department," Yang Xing replied with a smile. Fang Kai stared at Yang Xing's eyes for a while before slowly saying,"Before I met Mr. Yang, I didn't really believe in geniuses. However, Mr. Yang has been playing here for a few days. I have to admit that any veteran in the stock market is only trash in front of you. A genius like you is beyond our imagination. Mr. Yang, can you give me some accurate information and buy as many shares as you want?”"Five million, one month. I'll buy this one." Yang Xing felt that it was a pleasure to talk to a smart person. He simply pointed at the Oriental Pearl on the computer screen."This stock can go up to 36." At this time, the price of the Oriental Pearl on the computer screen was 12 yuan.
Sitting on the plastic stool in the business hall, Yang Xing fiddled with the 10-yuan notes under the woven bag and joked," Fifth Brother brought all his assets here." Zha Laowu's face reddened." I came too quickly. I asked my brothers to gather all the spare money in their hands. I haven't had the time to go to the bank to change it into cash."”"Fifth Brother, do you think I look like a liar? Using your money to scam that Fang guy for such a large sum of money?" Yang Xing asked calmly."Your fifth brother has seen three types of people in his entire life. One type only knows how to put up a show and can be seen through at a glance. The first type was a smart one who knew how to talk. Most of the officials who did business and acted as swindlers were like this. Although they had to find their weaknesses to see clearly, they still had some clues to follow. The last one is smart and shrewd. Your fifth brother doesn't understand at all and can only run errands for them.”"What about me? "Which one?" Yang Xing asked with interest,"You are the third one. On the surface, you don't seem to be a threat, but the more I think about it, the more I can't see through you. I'm a little afraid of you." Cha Laowu shook his head. Yang Xing was stunned for a moment. Zha Laowu did not read much, but his rich life experience gave him a beast-like intuition. "Then do you still want to cooperate with me?" " Why not?" Yang Xing asked." Your little brother has nothing and he dares to take on such a big scene. What's there to be afraid of if I follow you?" I already said that I would be a rich man if I followed you. If you're really a liar, I'll admit defeat.”Zha Laowu reached out his hand to Yang Xing." A blind man told my fortune that I have a benefactor in my life to help me. From now on, Fifth Brother will listen to you. Tell me to go east and not west."
Yang Xing reached out and shook Cha Laowu's hand."Alright, Fifth Brother, hang around here for the next two days. Look around and think about it. The proper business that I told you can make a fortune is here. "Although this stock is good, the risk is also high. I won't recommend you to do it, but everything is clear. We don't have to buy stocks to make a lot of money." Yang Xing pointed at the noisy crowd in the business hall and smiled at Cha Laowu.
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