Chapter 4: Oriental Pearl (This chapter is free)

Shanghai Oriental Pearl Co., Ltd. was established in August 1992. It is China's first cultural listed company. The Oriental Pearl Radio and Television Tower is a landmark building in Shanghai. It is such a company that has no special profit growth room, but it created a miracle of rising from 10 yuan to 39 yuan in more than a month in 1994. Yang Xing remembers it very clearly that the leader of the stock market surge in 1994 was Pudong concept stocks, a very appealing subject. It relies on the huge investment in the development of Pudong and investors' unlimited aspirations for Pudong development. It does not value substantial performance and profits. It can fully utilize its imagination, thus creating the miracle of Oriental Pearl. Other Pudong stocks also rose by two to four times under the leadership of "Lujiazui".

"Thanks to my two years of work in a securities company," Yang Xing secretly planned. He began to build positions patiently. After the stock market crash in 1993, the Shanghai Composite Index plummeted from 1500 points to more than 300 points, causing many veterans in the stock market to suffer heavy losses. At this time, they entered the market to buy, both young and huge amounts of money. Even if Yang Xing was very low-key, many old investors looked at Yang Xing and others with pity, thinking that they were wondering which prodigal son was harming the property.

Yang Xing was crazy about the market. Even if he could hide the eyes of ordinary people, he could not hide the eyes of Fang Kai, deputy general manager of Jiudu Securities. After carefully studying Yang Xing's technique, he did not find out in particular. Although he had been in the securities market for many years, he did not have the ability to "predict the unknown". He just had some doubts about Yang Xing's youth and wealth, and felt that there was a master behind the scenes to guide him. He decided to observe for a while until that day suddenly came.

When the market closed on Friday, July 29, 1994, the Shanghai Composite Index had fallen to 333.92 points. On the same day, the People's Daily published measures to discuss measures to stabilize and develop the stock market with relevant departments of the State Council, demonstrating the firm confidence of the management after the bear market in the first half of 1993. On July 30, the China Securities Regulatory Commission announced three "save" measures: suspend the issuance and listing of new shares within the year; strictly control the share allotment scale of listed companies; and take measures to expand the scope of funds entering the market, commonly known as the "three major"

Policy, but it is nicknamed "People's Liberation Army City". Because the opening of Monday is the "August 1st Army Day". On August 1, after the announcement of the news that the management issued three major rescue policies, including the suspension of the issuance and listing of various new stocks, the Shanghai Composite Index opened at a high of 60.95 points, with a high opening of 18.25%. The long-suppressed buying is like a volcano erupting, and the stock market is booming. In 1994, there were 287 A and B listed companies in the Shenzhen and Shanghai markets, and the stocks rose to varying degrees.

The applause of various business halls was thunderous. Yang Xing stood in the business hall of Jiudu City, listening to the thunderous applause in his ears, clenched his fists, and his palms were covered in cold sweat. Although he was chatting and laughing calmly in front of the Wu Zai Lao, there was still a hint of confusion in his heart. What if his arrival changed the trajectory of history? Now it seems that he has finally strangled the throat of unknown fate, and history continues to move forward on its original track. At that time, the stock index rose sharply by 111.72 points on the day's closing. The stocks Yang Xing bought doubled in an instant. After settlement, the capital and interest were more than enough to check the Wu Zai Wu's usury. Heiwa and the other three were shocked by the news and sat on the stool speechless for a long time. Yang Xing patted Heiwa's shoulder and said, "Take a letter to Brother Wu. If you want to get rich, you should take action as soon as possible."

Of course, as a rebirth, Yang Xing also knows something deeper. The sudden leap forward of the stock market in 1994 suddenly broke out in the first half of 1994. Due to the tightening of money in 1993 and the management made a series of stupid moves, the 1993-95 period was recognized as a big bear market. This super rebound in 1994 was just the performance of China's unique "policy market" and was destined to be a flash in the pan. Therefore, if Yang Xing wants to make a lot of money, he can only hurry up and make up as much money as he can. Cha Laowu is only one of his goals. Another goal is to always sway around him these days, wanting to touch his bottom Fang Kai, for nothing else, but Fang Kai's hat as the vice president of the securities business department on his head made Yang Xing salivate.

Yang Xing learned about Fang Kai through Fan Wei's mother's secretary. This deputy manager of the securities business department is from the Department of Economics of the People's Congress. He was sent to study in the United States by the government. After returning to China, he became a business manager of the Provincial Guotou Investment in his thirties. He was also young and promising. He was only in the wrong team in the upper-level struggle of the Provincial Guotou Investment, so he was assigned to the Securities Business Department in Jiudu to be a deputy manager. Yang Xing only had one reason to target him. He is the deputy general manager of the Securities Business Department and has the ability to raise funds and securities lending.

Simply put, financing is to borrow money from securities companies to buy securities, and margin trading is to borrow securities from securities companies to sell. After maturity, the borrowed funds or securities are returned according to the contract regulations, and a certain interest fee is paid. Strictly speaking, the formal margin trading business of the Chinese stock market was officially launched in June 2010. At that time, it was very exciting for a group of experts, believing that the Chinese stock market has finally ushered in the era of "short selling". But old investors all scoffed because they had seen it more than ten years ago.

In 1994, many securities companies began to provide customers with "overdraft" services, that is, customers borrowed money from the business department to buy stocks or borrowed stocks to sell. This also caused many securities companies to fall into the pit of losses. It was not until 1996 that the China Securities Regulatory Commission explicitly banned margin trading until 14 years later. It should be noted that the China Securities Law was officially promulgated in December 1998 and implemented in July 1999. It can be said that before the Securities Law was promulgated, the Chinese securities market was moving forward in exploration, and generally the administrative regulations promulgated by the State Council were generally the "Interim Regulations on Stock Issuance and Trading Management", the "Interim Measures on Corporate Bond Management", the "Interim Measures on Convertible Corporate Bond Management", the "Interim Measures on Securities Investment Fund Management" and other administrative regulations. Not only did they come out with many political channels, but their backward concepts also caused many institutional loopholes.

The margin financing and securities lending business is both reasonable and legal at this time, but many people know nothing about it at this time, and even if they have no way to get money. A deputy manager of a business department like Fang Kai has at least a few million in his hands, which makes Yang Xing very moved. He knew that the soaring stock market would make Fang Kai excited. He believed that a returnee financial expert would not be willing to stay dormant in the small world of Jiudu City, otherwise what would he always revolve around himself?

On August 8, a week after the stock market was in full swing, Cha Laowu found Yang Xing. Yang Xing looked at the large woven bag with blue and red intersecting in Cha Laowu's hand. He didn't ask much, but just reminded him not to talk much later and act according to his own eyes. He and Yang Xing went to Fang Kai's office together. After some chirping and testing, everyone tacitly talked about the core issue. Yang Xing asked Cha Laowu at this time, "Brother Wu, how many have you brought this time?" Cha Laowu was stunned for a moment, but his years of experience in the world quickly noticed that Yang Xing was secretly tilted a finger to him, and he answered "one hundred bricks" expressionlessly. After a "brush", Yang Xing unzipped the zipper of the large woven bag in front of Fang Kaide. Cha Laowu moved his hand slightly and did not stop it.

Fang Kai is an authentic Central Plains native. Of course, he knew that it was the slander of Central Plains "one million", but when he saw the woven bags opened, he couldn't help but twitch. "What does this mean?" Fang Kai asked with a stern face. "Don't worry, this is not a bribe, it's a deposit. I want to overdraw a sum of money from your business department." Yang Xing replied with a smile. Fang Kai stared at Yang Xing's eyes for a while before he slowly said: "Before seeing Mr. Yang, I didn't believe in genius. But Yang

Mr. I have been here for a few days. I must admit that any stock veterans are only a scumbag in front of you. A genius like you is something that people like us cannot guess. Can Mr. Yang give me some accurate information and buy any stocks that I want to borrow." "5 million, buy this one in one month," Yang Xing felt that it was really pleasant to talk to smart people, so he simply pointed to the Oriental Pearl on the computer screen, "This stock can reach 36." At this time, the price of Oriental Pearl displayed by the computer was 12 yuan.

Sitting on the plastic stool in the business hall, Yang Xing fiddled with the ten-5-yuan bill under the woven bag and joked: "Brother Wu has brought all the money in his family." Cha Laowu's face turned red with a rare moment, "I'm too anxious to come, and asked the brothers to raise all the spare money in his hands. Before I could go to the bank to exchange it for a whole money." "Brother Wu thinks I look like a liar, and use your money to deceive Fang's surname." Yang Xing asked calmly.

Looking at the strong men around who were separated from everyone's sight, Cha Laowu shook his head and said, "You fifth brother, I have seen you for the rest of my life. There are only three types of people. One is only able to sell two strengths and can see through it at a glance. There are many people everywhere on the streets; the other is brainy and verbal, and most of the officials who do business and act as liars are. Although they have to find their weaknesses to see clearly, they still have some connections to follow; the last one is brainy and scheming. Your fifth brother doesn't understand at all, so they can only run errands for them." "What about me? What kind of type?" Yang Xing asked with interest, "You are the third type, there is no threat on the surface, but the more I think about it, the more I feel that I can't see through you, and I'm still a little afraid of you." Cha Laowu shook his head. Yang Xing was stunned for a moment. Cha Laowu didn't read much, but his rich life experience gave him a beast-like intuition.

"Do you still want to cooperate with me?" Yang Xing asked, "Why don't you do it? Your little brother dares to hold on such a big scene without anything. What's the fear of following you? I've said that great wealth will achieve success. If you are really a liar, I will admit defeat." Cha Laowu extended his hand to Yang Xing, "A blind man told me that I have a noble person in my destiny to help me. If you can really wash my hands and go ashore, I will listen to you in the future and tell me to go east and never go west."

Yang Xing reached out and shook Cha Laowu's hand heavily and said, "Okay, Brother Wu has been staggering here these two days. Look more and think more. The serious business I told you that can make a fortune is here. Although this stock is good, the risk is also high. I will not recommend you to do it, but everything is clear and well-known. We don't have to buy stocks, we can make a lot of money." Yang Xing pointed at the noisy crowd in the business hall and said with a smile to Cha Laowu.
Chapter completed!