Brilliant Years 1991

Chapter 49: A sharp rise in market share upon opening!

Thursday, June 1992, 3.

As the newly listed stock, Shanghai Light Industry Machinery has lived up to expectations and soared as soon as it opened!

For more than ten minutes, the hall of the stock exchange was packed with people, but there was almost no noise. Everyone was staring at the big screen above their heads, looking at the jumping numbers and the red color that filled the screen.

Until suddenly, someone waved his fist vigorously and shouted "Yeah" as if celebrating or venting, and the sluggish scene of the crowd suddenly relaxed. However, the next moment, hundreds of people suddenly burst into all kinds of strange shouts...

At that moment, the sound was so loud that it almost blew the roof off!

In the crowd, Huang Jiaying, who was wearing a new windbreaker today but was squeezed by the crowd to the point where she could only stick close to Cao Yukun and even had to hold his arm to stand firmly, couldn't help but laugh happily.

When it comes to reading the stock market, insiders have thousands of reasons to explain it, but fundamentally, red means rising and green means falling. Huang Jiaying only came here two or three times and quickly learned how to read it!

"Congratulations! Big increase!" She lay on Cao Yukun's arm and shouted excitedly.

Cao Yukun also laughed.

These days, there is almost no stock that does not rise in value.

However, this is still particularly worth being happy about because this is the first stock Cao Yukun has bought in his two lifetimes.

Moreover, because the stock price has risen, it will surely prove the value of the stock subscription certificate even more!
However, before everyone could be happy for long, and even before the cheers had completely died down, someone suddenly groaned and cursed, "It stopped again!"

Many people looked up - and then all the cheers suddenly turned into lamentations.

It's very simple, the rising price of Shanghai Light Industry Machinery has stopped.

And soon after that, the rise of almost all stocks slowly stopped.

It's like this again, almost every day.

Although the stock exchange has been officially opened and is promoting the listing of new stocks, it must be said that the government is still very cautious and has always been vigilant against speculation using the stock market. Therefore, since the stock exchange was officially opened, there have been regulations that the maximum daily increase or decrease of a single stock is limited to 5% - not only that, the number of transactions is also restricted, and the maximum daily transaction number of all listed stocks is stipulated to be % of the total number of shares!

There is also a system called T+3, which means delayed selling!
Then a series of strange situations arise. When you see the stock price rising to 100 yuan per share and want to sell it quickly, sorry, it's impossible. You can't do it. You must take the stock to find a trader, register, and pledge the stock. Your stock will be locked. Three days later, it will be posted as a sell order until the transaction is completed!

Even more so, if there are many orders lined up to sell ahead of you, then even if someone wants to buy it, they cannot do so - they have to wait until tomorrow or even the day after tomorrow for the market to refresh the trading limit before the transaction can be completed!

In short, we must try our best to control the market and ensure that our exploration of the stock market does not see big ups and downs.

So, since the opening of the Shanghai Stock Exchange, this situation has been going on for countless days - the screen is full of red, but at some point, one, two, three or four stocks, gradually, these stocks all stopped at a number and could no longer go up!
"I've been to Hongkong. The stock market there has no limit on ups and downs. That's what a stock market is!"

"Yeah, not only is there no limit on the rise and fall, they don't have T+3 either! That's called T+0! We only rise for ten minutes every day, and then all stocks stop trading until tomorrow... If that's the case, why don't we just open the market for ten minutes every day? Why do we have to do it for the whole day!"

Well, there are complaints as usual every day.

It cuts off people's source of income... Even if you are not a time traveler, or like Cao Yukun, who didn't know much about stocks and the stock market before traveling through time, you can easily guess: this policy will definitely not last long!
The country is in greatest need of capital right now, and in the next few decades will vigorously improve the business environment in an effort to attract more domestic and foreign capital into this market - and capital needs freedom and needs to make money.

The exchange was bustling with people and full of all kinds of discussions. It would not be an exaggeration to say that there were complaints everywhere, but Cao Yukun had already got what he wanted, so he turned around and leaned close to Huang Jiaying's ear and shouted, "Let's go. No need to watch anymore!"

Huang Jiaying was watching excitedly. When she heard the shout, she turned around and nodded obediently, shouting, "Okay!"

So Cao Yukun raised his arms and held her in his arms. With his body, he could squeeze through the crowded crowd with a slight squeeze, so that he could squeeze out with his arms around her. When they left the exchange, Huang Jiaying still looked very happy.

Tsk...it’s great to be young.

Simple and pure, so nice.

That was the first day they arrived in Shanghai. She seemed a little uncomfortable with the new situation, as she was riding in a car and busy with purchasing properties. But after a good sleep, she seemed to have adapted quickly. From the day she took them to buy clothes, she was very happy. Then she dragged Cao Yukun to look at the properties every day, and she was very happy every time.

It was even worse today, as people were jumping up and down as they walked on the street. "If it increases by 5% a day, with compound interest, our bank also has the same concept. With compound interest calculation, it will probably double in 14 days?"

Cao Yukun was too lazy to calculate, so he answered her, "I don't know! I'm not good at math and can't calculate!"

It wasn't a funny thing to say, but she laughed anyway.

Jumping again.

The new windbreaker I bought her the day before yesterday was obviously very dignified. She wore the new clothes today to go out and look at new stocks, and she looked quite dignified, but she obviously couldn't take care of it at this moment.

Looking at her jumping and laughing, Cao Yukun suddenly couldn't help but think: In fact, she is only 22 years old and is still a little girl!

Not long after the two of them came out, Xu Delu caught up with them from behind, "Boss Kun, let's meet at Ah Hong's place tonight!"

He was obviously very concerned about going to the third floor of the Dali Palace.

Cao Yukun waved his hand behind him, "Okay! See you in the evening!"

They walked back happily, but suddenly at some point, Huang Jiaying turned her head and saw that Cao Yukun's face had turned expressionless again. She couldn't help but touch him with her elbow, "Hey! What's wrong? Are you still not happy?"

Cao Yukun smiled and said, "It's okay. I'm just figuring out what to do next out of habit!"

She said, "Shall I go to the Dali Palace with you tonight?"

Cao Yukun thought about it and felt that there would probably be some collisions at night, but in that kind of situation, if there were collisions, they would most likely be mental, not physical, so he smiled and nodded, "Okay! Let's go together!"

So Huang Jiaying became happy again.

But suddenly, when they reached a familiar intersection, Cao Yukun said, "Go home by yourself. I have something else to do!"

Huang Jiaying was stunned for a moment and subconsciously turned her head to glance at the other road.

Over there is Ah Hong Tea Restaurant.

The smile slowly faded and she nodded, "Okay!"

After a pause, she tried to hold back, but in the end, her personality was like that and she couldn't help but say, "You should be more careful when approaching people whose background you don't know. You are still too young. Don't be fooled so easily. Do you understand?"

Cao Yukun turned his head in surprise and suddenly laughed, "Okay, Sister Jiaying, I understand."

(End of this chapter)