Mixed in 1980

Chapter 525 Unenlightened Mind

The listing ceremony and the ringing of the bell caused quite a stir.

After finishing the listing of materials from the Beijing Jade Factory, Chen Yanyin was not overly excited. As things stand, the stock market for raw jade is only a minor affair.

Its total market value is only a few billion yuan.

The market capitalization of the A-share market has exceeded 90 trillion yuan, not to mention the US stock market. It will be a long and arduous task to increase the market capitalization of the seed stock market.

There is good news too.

After the materials and finished products from the Beijing Jade Factory were put on the market, a collector finally approached them and put a top-quality bracelet with 23 stars on the market.

Chen Yanyin specially released a video to promote it.

This is the first product listed by a player since the establishment of the jadeite stock market, marking a milestone that deserves to be remembered.

If there is one, there are two!
More and more players are putting their treasured items on the market, and Chen Yanyin breathed a sigh of relief; the current situation is very promising.

For players, going public is also beneficial.

In traditional transactions, once the price is agreed upon, the deal is finalized. However, after listing, a portion of the shares are sold first to drive up the price, and then the remaining shares are sold off.

"Fourth brother, things are going pretty smoothly."

Chen Lao Er was very surprised. With jade carving factories from Shanghai, Suzhou, Yangzhou and the Western Regions joining in one after another, attracting players to enter the market, the market value of the seed jade stock market actually exceeded 200 billion yuan.

The development is not slow.

"It's only just begun," Chen Yanyin said, squinting.

He opened a document on his phone and handed it over: "After the official mining farms enter the market, the market value will definitely reach hundreds of billions in a short period of time."

After examining the jade, Chen Lao Er nodded slightly: "There are indeed quite a lot. The official mines certainly have more than this in stock."

"Everyone's just watching and waiting," Chen Yanyin said, pursing her lips.

The major jade factories in Beijing, Shanghai, Suzhou, Yangzhou, and the Western Regions are doing the same, each only releasing one to two tons of raw materials to the market.

How could their inventory be so small?

If you don't have dozens of tons of inventory in your warehouse, you can't even call yourself a decades-old factory. It's just that the future is uncertain, so you won't be shipping out in large quantities.

Things are only truly yours when you hold them in your hands.

They all have the same idea.

Chen Yanyin was no exception; there were plenty of raw jade stones in the basement, which were part of her asset allocation and intended to be passed down through generations.

However, this situation is temporary.

Once the major jade factories make money in the stock market, their thinking will change, and sooner or later they will put most of their inventory on the market.

The official mines are very generous.

An agreement has been reached with Chen Yanyin to release 30 tons of raw materials to the market at once, which will cause the overall market value of the raw material stock to soar rapidly.

This is just the beginning.

The ancient riverbed of the Yulongkash River has been found and can still produce a lot of jade. Moreover, there is more than one ancient riverbed. Over the long course of time, who knows how many ancient riverbeds there are?

As for whether the stock market will crash due to the large influx of raw jade, Chen Yanyin is not worried.

This is nothing.

A market capitalization of 100 billion is the market value of a fairly large listed company.

There is now a large amount of capital holding money, waiting outside the jadeite stock market. As long as new jadeite is listed, they will buy it without hesitation.

Chen Yanyin herself bought quite a lot.

When this topic came up, Chen Lao Er suggested, "Actually, we could open up another category, package the finished products together, and list them as bulk commodities."

The speculative value of commodities is even higher.

Upon hearing this, Chen Yanyin rolled her eyes: "Besides our family and the factory, who else has that many finished products?"

"Then let's acquire it."

Chen Lao Er took out a cigarette, lit it, and took a deep drag: "Didn't you acquire a batch before, but not all of them went public?"

"Pack the rest together."

“Continue to acquire items from the market and put them in the financial market. There will definitely be a profit. We can also take out a batch of our collection at home.”

"Aren't you afraid your dad will beat you?" Chen Yanyin pouted.

The family has a lot of inventory, all of which were acquired on a large scale by the old man in the 1980s. As part of asset allocation, the old man is reluctant to sell them.

The old man hasn't divided those things yet.

“Don’t ask for too many, just take 500 pieces. Will Dad say anything to you? Increase the purchases in the market and list them in units of 100 or 200 pieces,” Chen Lao Er suggested.

“Let’s go together!” Chen Yanyin pulled her second brother along.

When the two of them are together, even if the old man gets angry, he will only take it out on his second brother. He has a natural talent for attracting firepower and is suitable to be a shield.

Just as I arrived at the door, I ran into Sun Shaojie.

"Uncle Sun, I didn't go for a walk today."

The two greeted each other quickly, and Sun Shaojie grinned, "I came to your house to tell you some good news."

"What good news?" Chen Lao Er asked.

Sun Shaojie shook his head and walked inside on his own. The two quickly followed. If Sun Shaojie could come in person to inform them, the matter was probably not small.

"Oh, what brings you here?"

Chen Fan and his wives were making tea. When he came in, they asked Chen Lao Er to bring a chair: "Didn't you go to dance in the square with the old ladies?"

"Go aside!"

Sun Shaojie sat down and took a sip of tea: "There's good news. It's been decided from above that the July 1st Medal of Honor will be awarded."

"What do you mean?" Chen Fan didn't understand.

"The July 1st Grand Medal is similar to the Grand Bauhinia Medal in Hong Kong, but it is much more prestigious. It is mainly awarded to those who have made outstanding contributions to great projects and created valuable spiritual wealth."

"For Teacher Xu?" Chen Fan remembered. According to the timeline, this year should be the first time, and the value of this award is indeed terrifyingly high.

"You and Xiao Qiu!"

"Me?" Chen Fan asked in surprise.

He was stunned for a while: "Are you kidding me? Teacher Xu is definitely qualified. Who do you think I am? Just a heartless capitalist."

"Now you're being humble? Whether you're qualified or not, the higher-ups must have already assessed it," Sun Shaojie complained, "I've never seen him so humble before."

In terms of qualifications, Chen Fan is definitely qualified.

How much benefit did his antics in Hong Kong in the 1980s bring to the mainland? Putting that aside, driving out Soros in 1997-1998 was also a significant contribution.

There are also three expressways, four major CBD projects, six major ports, and six canals.

In this biological warfare, Chen Fan provided early warnings, and the Chen family made advance arrangements, making outstanding contributions that are indelible.

As for Xu Jinqiu, needless to say, his contributions to education will certainly be recorded in history books, and no one will question that.

They might even receive higher medals in the future.

That was inevitable.

When it comes to education, Xu Jinqiu is an unavoidable figure, with over 1.5 Hope Primary Schools, 1 school buildings, and 500 million impoverished students…

"Thanks!" Chen Fan grinned.

“This is the first session, and the selection criteria are very high. It will be held every five years from now on. If Ali and Yuanyuan make some more noise, they might have a chance in a few sessions,” Sun Shaojie reminded them.

Upon hearing this, Zeng Ali and Zhao Yuanyuan's eyes lit up.

They all care about this.

Zeng Ali, in particular, never hesitated to spend money to obtain the Grand Bauhinia Medal. When she and Zhao Yuanyuan co-authored a page of their family genealogy, they even held a grand banquet to celebrate.

In previous years, they received many honors.

Model worker, advanced worker, national honorary title... they have it all, but in terms of prestige, it's still a bit lacking.

The two were already starting to think about what to do. Sun Shaojie then said, "Xiao Qiu, the higher-ups want you to speak on behalf of the award winners. What do you think?"

Xu Jinqiu frowned slightly.

After thinking for a moment, he shook his head: "It's not appropriate. Our family represents capital, and we should keep a low profile in this kind of occasion. It's not suitable for us to be representatives. Let's forget about it."

Sun Shaojie didn't try to persuade him further.

Some people have mentioned this, saying that the Chen family, after all, represents big capital and is not suitable to represent it, but Xu Jinqiu's contributions are too outstanding, making her qualified.

It's good that Xu Jinqiu is unwilling, so as to avoid any argument.

After Sun Shaojie left, Chen Lao Er suggested, "Mom and Dad, this is such a great occasion, we should at least have a small celebration."

"You make the arrangements," Chen Fan agreed.

Chen Lao Er quickly agreed, and seeing his sister give him a wink, he explained the plan to package the finished jadeite products for sale: "What do you think?"

"That's fine, why are you telling me this?" Chen Fan pursed his lips. He rarely interfered in his children's careers anymore, and he wouldn't even mention it unless it was a major issue.

"Get some from the basement?"

"Take it yourself."

Chen Fan reached out and gave his daughter a flick on the forehead: "You have to drag your second brother into this little thing? Do you think your father is that petty?"

"That's not what you said, that these things should be kept and distributed to grandchildren and great-grandchildren in the future. How could I possibly ask for them?" Chen Yanyin said with an embarrassed smile.

Many things in the house have been divided up.

The jadeite and Hetian jade products, as well as the calligraphy and paintings purchased in the early days, were not distributed. Chen Fan said that when his grandchildren grow up, as their grandfather, he should leave them something.

"It's not a big deal, go get it."

The old man nodded, and Chen Yanyin, without being polite, carefully selected 500 finished pieces of raw jade, all of which were ornaments and not so easy to circulate on the market at present.

It doesn't conform to current aesthetic standards.

Nowadays, many people pursue small and exquisite items. After acquiring these ornaments, many merchants will cut them up and make them into various small items.

After receiving it, first send it to the appraisal center for rating and star rating, enter it into the system, and then issue a certificate.

Being idle is also idle.

Chen Yanyin simply started a live broadcast on the spot.

Despite the lack of prior notice and the rushed nature of the event, the live stream never lacked viewers; within a very short time, the live stream room had hundreds of thousands of people.

It has over 40 million followers.

"I have some good news to share in advance. Today, 500 pieces of Hetian jade pebbles were brought in for appraisal. They are all from my father's collection."

"Those who watched the live stream before know this."

"These were purchased with foreign exchange in the 1980s. I discussed it with the old man for a long time before he agreed to release a batch for sale. These 500 pieces will be packaged and listed as a bulk commodity."

"It is currently being identified."

"The good news I have to share isn't this. 500 pieces of jadeite seem like a lot, but they'll probably be snapped up the moment they hit the market."

"The real good news is yet to come."

“We have reached an agreement with the official mines, and a batch of jadeite has already been transported from the Western Regions, with a total weight of 30 tons.”

"After it is delivered, it will be identified, rated and starred. Based on the quality, it will be divided into several stocks for listing. 30 tons is enough for everyone to play with."

Chen Yanyin did it on purpose.

The jade stock market has only been open for a short time, and prices have risen significantly. However, such a rapid surge in the early stages may not be a good thing, as a future collapse could be as devastating as an avalanche.

Suppress the price first.

Sure enough, when they heard that 500 pieces of jadeite were going to be released, the people who were all eager to buy immediately calmed down. 30 tons of jadeite were going to be released?
What concept?
Currently, all the commodities listed on the market add up to less than 10 tons. Will the sudden increase of 30 tons impact the stock market?

Some people have already opened the software and listed their items for sale.

This is exactly what Chen Yanyin wanted.

Let's cool it down first!

The family was already preparing for a banquet. After the celebration the next day, Chen Yanyin opened the jade stock market and was surprised to find that the price had only dropped slightly.

"They're all incredibly shrewd!"

The non-renewable nature of jade pebbles determines their value. 30 tons may seem like a lot, but it's not enough to make finished products to sell.

There are plenty of people who want to buy it.

Even before the emergence of the jade pebble identification center and the financialization of jade pebble material, some major collectors had already hoarded it, and most of what circulated in the market were fakes.

If counterfeit goods are in high demand, what about the real ones?

To put it bluntly, if 30 tons of raw materials were put on the market, they would be snapped up by major jade merchants in less than a day.

No surprises.

With the financialization of data, even more people are scrambling to buy it. The wealthy are snapping it up as an asset allocation, and financial institutions are treating it as a wealth management product.

Thirty tons of raw jade won't cause any trouble.

Ultimately, it's because the market is too big, but the products are too few, possessing both scarcity and universally recognized cultural and value attributes.

"How annoying!" Chen Yanyin said, feeling frustrated.

Even after all 30 tons of seed jade were put on the market, the market did not cool down; in fact, prices rose somewhat as many financial institutions entered the market.

There was also good news.

More and more collectors are listing their collections on the stock market, and some financial institutions that have previously acquired a lot of raw materials and products from jadeite are also starting to seek listing.

Chen Yanyin set out to integrate the market.

Financial institutions' products can be pooled together and listed as commodities, which is more conducive to market speculation, and individual products can be easily picked up and taken away.

There are even financial institutions that specialize in this kind of work.

Receiving goods for collectors.

This gave Chen Yanyin a real headache. She had no choice but to ask Chen Lao Er for help and get Xinghuo Investment to enter the market and specifically acquire shares of single products.

I don't buy more than one or two shares of each item.

The goal is simple: to prevent players from collecting enough shares. There is no forced delisting mechanism; even if a player is missing just one share, they cannot take possession and leave.

It precisely targets the pain points of certain individuals.

Some people on Douyin are criticizing him for not being able to gather all the shares, but Chen Lao Er always releases some and also manipulates the market himself.

The final conclusion is that it is possible, but difficult.

It's this effect.

If everyone takes the goods and leaves, what's the point of the jade stock market? The goal is to convert physical assets into securities assets and expand the total market capitalization of the jade stock market.

Before we knew it, it was the end of June.

Chen Yanyin is plotting again, figuring out where to get a large quantity of jadeite. After all this fuss, the market value has already exceeded 1500 billion yuan.

It looks like a lot, but it's really not that much.

It's still just a small-scale operation.

Chen Fan changed into a traditional cardigan and looked at his little daughter: "Who has the most stock now? Established jade merchants."

"They're reluctant to release their goods; they're all greedy and greedy," Chen Yanyin said, pursing her lips.

We've tried talking about it, but it didn't work.

Keeping good stock on hand is for dealing with high-end clients and maintaining brand value. It's good to not only avoid shipping but also avoid buying raw jade from the stock market.

"You're so dense!"

After giving his daughter a shovel, Chen Fan called Xu Jinqiu over. The couple were going to receive medals today, and they were both dressed in traditional clothing with very solemn makeup.

(End of this chapter)