Brilliant Years 1991

Chapter 31 Real and dreamy!

As the Spring Festival approached, Cao Yukun did three major things.

The first thing he did was to have the beverage factory contact the county meat processing plant before the Spring Festival holiday and buy nearly 2,000 kilograms of pork. Then, when the workers went on holiday, he gave each of them 10 kilograms of pork as a year-end bonus.

Near the end of the year, the price of pork actually increased to RMB 1.5 per pound, which means an expense of RMB 3,000.

But fortunately, everyone in the factory is happy.

These days, a worker who works a full month without taking leave can only earn 50 to 60 kilograms of pork, not to mention state-owned enterprises, which simply cannot pay a large number of wages. Only private enterprises, on the other hand, pay wages steadily.

It’s Chinese New Year, and the boss gives each person ten kilograms of pork. This is called generosity, and it means “thank you, boss”!
The second thing is that Song Yuqian didn't have her holiday until the 27th day of the twelfth lunar month, but she took the initiative to call Cao Yukun on the 28th. So the two of them made an appointment to meet in the county town again, eating, drinking, shopping and playing for a whole day. It was just a routine date.

Besides this, there is a third thing.

He went to the township supply and marketing cooperative to buy some plastic sheets. When he got home, he carefully wrapped up the subscription certificates one by one, 30 books in a bundle, 3000 certificates in total, a total of 30000 certificates, which made up exactly 10 bundles.

Easy to hold and put away, not afraid of moisture.

During this year's Chinese New Year, my second uncle originally said that he would be able to come back on the 29th of the lunar year, but he called back and said he could not come. He was told that he had received a sudden notice from his superiors that a senior leader might come for an inspection during the Chinese New Year, and required all staff to stay in Xizhou City even if they were on holiday, so that they could be ready to return to work at any time.

Upon hearing the news, Cao Yukun suddenly thought that it might be related to the fact that the old man had already started his southern tour. To be honest, a person in the future would not feel the huge impact that the collapse of the Soviet Union had on the domestic people's psychology and emotions. However, for the people in the country at that time, it was real and quite strong.

The Soviet Union was the big brother and had always been the object of imitation and transcendence, but now it has disintegrated and disappeared. Does this mean something? What should we do?
The public is somewhat restless and panic-stricken, and various voices of opinion are beginning to rise sharply again in society.

Of course, this did not affect Cao Yukun's spending his first Spring Festival at home after coming to this time and space.

After the Chinese New Year, he still drove and took his family to visit relatives to pay New Year's greetings.

But the news seemed to be spreading. Occasionally, someone would ask, "I heard you bought a factory owned by Song Hongxing?" "Zundu, fake du?" "Is that you?" Cao Yukun would have to cleverly avoid the topic.

Because if you say it is true, the next step may be to help people solve their work problems.

But what kind of job could he find? It was already February, and he only had a little over a hundred days left as the boss of the beverage factory! How could he dare to arrange for someone to work in the factory?

He spent the Spring Festival of 1992 like this, until the Shimen Beverage Factory resumed work after the New Year. After staying in the factory for a day, on the ninth day of the first lunar month, which was February 2, he got in his car again and headed straight for Shanghai.

This time, he parked his car in a slightly remote street. He walked casually towards the securities business department, but when he was still far away, he was startled by the noise at the door of the business department.

It was not even just at the entrance of the business department. Within dozens of meters on both sides of the road, there were people everywhere holding various paper signs, almost all of which were handwritten, with the words "Buying subscription certificates at high prices" written on them!

Even when Cao Yukun walked over, people kept asking him along the way: "Hey, buddy, are you selling subscription certificates? High price! Guaranteed to be the highest in the market!"

Cao Yukun ignored him at first. After a few times, he asked another person who came up to him, "What's the price?" The man's eyes lit up immediately, "Brother, do you have a subscription certificate?"

Then he immediately came closer and whispered, "Four hundred and fifty yuan per sheet, thirty yuan for white sheets, and 100 yuan per sheet for more than 500 consecutive sheets! I'll take as many as you can! How many do you have?"

Wow... I didn't expect that the price would start to rise during the Spring Festival?
And it has increased sixteen or seventeen times!

Did something happen during the Spring Festival that you don’t know about?
He dealt with the man with a few polite words, then quickly entered the business hall and began to use his old skills again, listening to gossip everywhere, intentionally or unintentionally - it turned out that the market had already smelled something, and some people had been consciously purchasing in small quantities before the Spring Festival, and after the Spring Festival, more people began to come in and join the shopping spree.

It is said that the government originally planned to issue a total of 210 million stock subscription certificates, but later found that they were not selling well, so it was adjusted to million. However, in the end, it is said that only about million were sold.

If someone is interested, a quick calculation will reveal that no matter how many stocks the government originally planned to issue in 1992 and what the issuance volume was, the winning rate of each stock subscription certificate has now increased fivefold - stock subscription certificates have no value in themselves, but are valuable because one can win the stock. Now that the winning rate has increased fivefold, wouldn't the value have also increased fivefold?
When it was 30 yuan per piece, you thought it was too expensive, but now it is worth 150 yuan?
What's more, there are vague rumors in the market now that the number of stocks that will be listed and issued this year may not be only ten or so as previously rumored, but may be fifteen.

You see, this is another 1.5 times increase!

Considering that there are only the old eight stocks on the market now, no matter what stock it is, as long as it is issued and listed, it will immediately rise, and you will definitely make money as soon as you buy it - is there another layer here?
As a result, the market went crazy all of a sudden!
In just half a month, during which the Spring Festival came in between, the price of a stock subscription certificate has gone from 30 yuan per piece to 450 to 500 yuan!
Listening to the excited chatter of those people, it is obvious that many people could not hold on to their stocks and sold them off at the price of over one hundred to three hundred yuan - in less than a month, they had made several to ten times the profit after just one resale. To be honest, unless you are a time traveler who knows what will happen next, it is very easy for ordinary people to not hold on to their stocks. Quitting while the going is good is the first choice of many people.

In other words...the warrant market has actually completed the first round of reshuffle?

Of course, listening to these people chatting, it seems that there are quite a few tragedies.

Some people had already bought the tickets but didn’t hold on to them before the sale stopped. Some were timid, while others were forced to sell them after their family members found out. Those who sold them at the original price were lucky, at best they were doomed. The key point was that some people bought them at 30 yuan a piece and found it hard to sell, so they sold them at a discount…

However, just a few days later, or at most a Spring Festival, the subscription certificate that cost 30 yuan per piece had already exceeded 200 yuan, and the price changed every day afterwards, heading straight for 500 yuan!

There are several stories of people who regretted so much that they wanted to hang themselves...

Some people are already getting divorced, and they insist that their wives are unlucky and are ruining their financial fortunes.

Well...if I sell it now, I will be worth 15 million...

It’s just like a dream!

Even though I was extremely serious and logical from the beginning to the end, from borrowing money to buy the factory with 80,000 yuan, to taking out a loan, and finally buying the stock subscription certificate, every step was very clear, but... it still felt like a dream!

If I go back and sort everything out now and pay off the one million bank loan, by May of this year, in addition to returning the factory, I can also buy back the IOU of 192 million...I'll have made a net profit of 1200 million!

This is even more... illusory than a dream!
The tragedy and comedy of this era, no matter how many times you have read or heard about it in online novels or internet bloggers in the future, it is far less exciting than experiencing it in person!

So...real and yet dreamy!

(End of this chapter)