Brilliant Years 1991

Chapter 29 The most fatal thing is the information gap
It turns out that giving gifts is still useful.

According to Huang Jiaying, the internal process was significantly accelerated. On December 12, Cao Yukun received a call from the credit department, informing him that the loan had been approved. However, he would have to wait until January 23 to get the money.

There is only one reason: at the end of the year, the bank has no money.

And 900,000 yuan is not a small sum in that era, especially for a bank in a county town, so they have to wait until after New Year's Day before they can lend the money.

Cao Yukun didn't care about this. January 2nd was a good day and would not delay his plans at all.

On December 12, a shocking news came from afar: Gorbachev resigned yesterday.

The next afternoon, more news came that the Soviet Union had collapsed.

Cao Yukun didn’t know whether the whole country was shocked or not, but he knew that both his parents and the cadres and workers at the beverage factory were quite shocked.

Almost everyone around him was discussing this matter.

People's hearts are in turmoil, and they are anxious and uneasy.

However, for Cao Yukun, this is very good, as it fully proves that this world is the world in his memory - an extremely important boot has just landed on the ground.

There is no holiday for New Year's Day these days, but Huang Jiaying still called specially. This time she treated everyone, and together with Huang Jiapeng, the three of them had a meal, and it was quite lively.

The next day, Cao Yukun successfully signed with the Industrial and Commercial Bank of China and received the 900,000 yuan.

It's quite heavy, and including the specially prepared box, it feels like it weighs more than 20 kilograms.

He didn't dare to put the money anywhere else. He drove straight home after leaving the bank and put the box under the head of his bed. Then, Cao Yukun just said hello to his mother, said he would be away for two days, and drove straight to the Magic City.

There was no such grand statement as "Magic City, here I come!" He just went there to explore the way.

He only vaguely remembered that the 92 stock subscription certificate should have been sold before the Spring Festival, and the sale period seemed to be very short, but he didn't know when exactly it would go on sale.

Just take a trip and you’ll know.

It is about 200 kilometers from Fuping County to Shanghai. Although there is no highway, the provincial road is quite smooth. I got the money in the morning, went home to have lunch, and then set off. Just as it was getting dark, I had already entered the urban area of ​​Shanghai - then again, Shanghai these days is not that big.

He had no money but felt at ease, so he just found a small hotel and slept for eight dollars a night. In fact, he didn't even wait until the next day to inquire at the stock exchange. Relying on his good looks, he could get along with everyone. After just a dozen minutes of chatting with the proprietress of this private hotel, he basically understood what was going on.

At this time of year in Shanghai, almost everyone is talking about stocks.

Everyone is particularly concerned about any changes in the stock market and is happy to talk about it.

The next day, he went to the stock exchange again and the situation was completely confirmed.

Came early.

The issuance of stock subscription certificates has been confirmed, but they will only go on sale from January 1th and will only be sold until February 19st. It is said that there is no limit on the quantity, the price of a single certificate is 2 yuan, and the validity period is only one year.

The reason for issuing stock subscription certificates is not difficult to find out. It is said that less than a month ago, on December 1991, 12, Pudong Dazhong issued new shares. Two days in advance, people began to line up at Hongkou Stadium, Jiangwan Stadium, Qibao Stadium and other places where new shares were issued. It is said that even the iron gate of Jiangwan Stadium was squeezed down and some people were injured.

Well, according to the plan, more than a dozen new stocks are to be issued in the next 92 years. How can this be allowed?
So the management department came up with the stock subscription certificate.

The subscription certificates are sold first, and only those who buy them are eligible to buy new shares. Moreover, the price of the subscription certificates is not cheap, 30 yuan per certificate, which is equivalent to one-third to one-quarter of the monthly income of most ordinary people. The problem is that buying it does not mean that you can definitely buy new shares, you have to draw lots, which can scare away a lot of people. It can be regarded as a various ways to achieve early diversion and cooling.

In short, Cao Yukun was at the stock exchange, and later went to the securities sales department on Xikang Road, where he wandered around for a whole morning. He did nothing else but look for people chatting together, and then he would deliberately pretend to go over and listen to their conversations. Before he knew it, he had learned most of the news. So, he found a random restaurant to eat at noon, and then drove back to Fuping.

No rush.

Whether it was the impression he had read in the novel or what he had heard while wandering around the street that morning, he was convinced that this thing would definitely be a slow seller after it was launched on the market.

The key is that it is not limited.

Unlimited means you can buy whatever you want, and buying whatever you want means the value becomes lower.

So, actually, when it is launched on January 1th, you don’t have to rush to buy it. It is enough to wait until the 19rd or th.

However, on the way back, he was slightly distracted and couldn't help but think of another problem: the thirty-year time difference and the gap in the entire society are really reflected in all aspects.

The most fatal thing is the information gap.

Take the new stock issuance a few years ago. Not to mention the enthusiastic scene, just the fact that a certain degree of stampede occurred would make it to the hot searches in half an hour and the whole country would know about it within a day. However, in this era, Xizhou City is only a little over 100 kilometers away from the Magic City, and Fuping County is only a little over 200 kilometers away from the Magic City. Yet, until today, almost no one in the county knows that such a thing happened.

This is really disadvantageous for people who want to do business and attach great importance to information.

However, in fact, the only thing that can change all this is probably the Internet.

Even if you subscribe to more newspapers, some things won't be published for you. There's nothing you can do about it.

…………

In less than two days, the call was made back and forth, and no one realized that Cao Yukun had been to Shanghai to smell the scent of wealth. At most, his parents asked him a question casually, and Cao Yukun just said that he was going to play with friends, so they no longer paid attention to it. On the contrary, if he said that there was something going on in the factory, they might have asked a few more questions.

On Tuesday, January 1, Shimen Beverage Factory held a year-end summary meeting.

According to the data in the financial report, last year Shimen Beverage Factory produced a total of about 5800 tons of soda, with an output value of 452 million yuan. After deducting various expenses and taxes, the total net profit was more than 7 yuan.

Ah... no wonder my brother-in-law can’t do it anymore.

It's such a big business, let's not talk about how much money was invested, and how many people are busy in the factory. Let's just say that even if it can be sold for two million, this factory should be sold!

why?

Last spring, the country just lowered the deposit interest rate, but the five-year time deposit rate is still 9%!

If you put two million cash in a bank for a fixed deposit, the annual interest will be 180,000!
What's the point of this factory?

Of course, just sell it and be done with it!
That’s just the stated interest rate. In the last two meetings, Huang Jiaying was already willing to talk to Cao Yukun about something. During the last meal, she had said that, in fact, as long as you are willing to deposit a five-year term deposit, the bank will provide interest subsidies. All in all, the annual interest rate can even exceed 15%!

In five years, without doing anything, the principal and interest almost doubled!
Of course, the reverse is also true. Cao Yukun applied for a one-year loan from the bank using the Shimen Beverage Factory, an asset he owned, with an interest rate as high as 9.75%!

That is to say, when repaying the loan principal of 900,000 yuan one year later, Cao Yukun will have to pay back less than 1 million yuan - there is a reason why local private enterprises are unwilling to lend money!

When I thought about it this way, I suddenly felt that the 4.75% interest rate over years that I paid for a house in my previous life didn’t seem so high - in years, a lot can change.

(End of this chapter)