My Realistic Simulation Game

Chapter 100 is too late? Then I'll choose to short it.
The Shenzhen Stock Exchange at this time.

The gates were tightly closed, and it wasn't officially opening day yet, but the open space in front of the gate and the curb were already crowded with people.

A tense excitement filled the air, mixed with the smell of sweat and cheap cigarettes.

People were either discussing heatedly in small groups, or pacing anxiously back and forth with pieces of paper in hand. Some even spread out newspapers on the roadside, with handwritten stock names and prices prominently displayed, and were haggling over prices.

This was the state of Shenzhen's stock market at the end of 1990: inefficient over-the-counter trading, slow account transfers, and the emergence of a huge off-exchange black market.

Qin Yuan glanced around, trying to see if there were any "players" among them.

But obviously, apart from a few idiots, no one would wear the words "outcast" on their face.

He subtly withdrew his gaze.

"Boss Fang, the exchange hasn't opened yet. Judging from this situation, it'll be difficult to get in anytime soon," Qin Yuan suggested.

"Why don't we find a place to settle down first, get a feel for the market, and then decide where to start?"

Fang Minghai was observing this unique "stock market spectacle" in the mainland with great interest when he heard this and nodded: "Mr. Qin is right, we should plan carefully before we act. Come on, I know a nice hotel nearby."

After settling into the hotel, the two went their separate ways.

With his Hong Kong businessman status and years of experience navigating the stock market, Fang Minghai had his own channels for gathering information.

Qin Yuan greeted Markov, who was as thin as a rake, and then let them go about their business.

Ma Gan'er's job was to go to securities outlets and find out about the latest market trends.

He, on the other hand, opened the system interface.

I found the ID of 【Yangcheng Dachao】 and then sent a message to add him as a friend.

It was almost instantaneous.

The other party immediately accepted the friend request.

[Yangcheng Da Chao]: Master Jing? Why did you decide to add me as a friend?

At this moment, in an office in the Shenzhen International Trade Center.

A man in his early thirties wearing a suit smiled slightly.

Obviously, it was quite unexpected that this player, who had been dominating the screen for the past few months, would add him as a friend.

【I am a Jingye】: I've come to Shenzhen, and I'm unfamiliar with the city. I'd like to find someone to ask me some questions.

Yangcheng Dachao became even more curious: "How did you know I was in Shenzhen?"

Qin Yuan was straightforward: "I guessed."

"Guessing?" Yangcheng Dachao shook his head and went straight to the point: "Tell me, what do you want to know? I'm in a good mood today, so I can tell you some information."

Qin Yuan had a sudden thought: "I want to know the current stock prices of Shenzhen Development Bank, Vanke, Jintian, Anda, and Yuanye."

When Yangcheng Dachao saw this line of text, he shook his head and smiled: "You spent a few months in the Soviet Union, and although you gained amazing things, you also missed out on many things back home."

"I advise you not to buy any of these five stocks you mentioned."

"You are late!"

"That beast, Shangshanruohu, pushed Jianlibao into the stock market!"

"."

Qin Yuan's expression grew increasingly serious as he read the messages sent by Yangcheng Dachao.

We are indeed late.

The stock market frenzy in Shenzhen did not begin with the opening of the Shenzhen Stock Exchange on December 1.

He fell into a mental rut and was misled by some rebirth novels he had read before.

The frenzy in Shenzhen stocks began at the start of this year.

Shenzhen Development Bank's distribution of annual interest has sparked a stock market frenzy.

1990年3月深发展从20元拆细为1元面值，每股2.8元，柜台交易数据显示，到1990年4月底已经上涨到了11元，1个月涨幅达到290%。

This dramatic increase has been attributed by countless novelists, many of whom are unaware of the details, to the opening of the Shenzhen Stock Exchange on December 1st.

But the reality is clearly not like that.

The Shenzhen Stock Exchange is merely a public trading platform.

Before the Shenzhen Stock Exchange was established, Shenzhen began issuing stocks through twelve securities companies, including Guoxin Securities and China Merchants Securities, in 1988.

Stockholders can subscribe through the outlets of securities companies.

To date, five stocks have been successfully issued.

This is the origin of the five old stocks in Shenzhen.

However, in April of this year, rumors circulated in the market that the government would regulate the stock market and suspend the issuance of new shares, causing funds waiting for new shares to be diverted to speculating on existing shares.

Subsequently, the stock market surged across the board. From April to June, in just two months, Shenzhen Development Bank's stock price rose to 24 yuan, an increase of about 900% in six months compared to the beginning of the year.

Vanke's stock price rose from 1.3 yuan to 7.5 yuan, an increase of 476%.

Jintian rose from 24 yuan to 81 yuan, an increase of 237%.

Anda rose from 1.5 yuan to 8 yuan, an increase of 433%.

Yuanye rose from 13 yuan to 52 yuan, an increase of 300%.

The frenzy that began at the start of the year and lasted until May and June saw stock prices soar like rockets, with countless stories of overnight riches. Then, the government swiftly intervened: the price cap was tightened from 10% to 1%, heavy taxes were levied, and public officials were strictly prohibited from investing in stocks…

After a series of combined measures, the market's enthusiasm has visibly "cooled down."

However, this "cooling down" is not cooling; it's more like the lid of a pressure cooker being forcibly pressed down.

Stocks are in high demand and scarce, with almost no stocks available for sale on the exchange. On the black market, prices are being driven up by frenzied sentiment, all under the cover of the "1% daily limit up"!

Shenzhen Development Bank's stock price rose from 24 yuan to 62 yuan, while Vanke, Jintian, Anda, and Yuanye all saw their prices double or even increase several times!
Stockholders are frantically calculating the 1% daily compound interest and dreaming of Shenzhen Development Bank breaking the 1,000 yuan mark next year.

At this critical moment when the tide was being forcefully suppressed but was surging beneath the surface, the news that Jianlibao was going to go public exploded like a bucket of cold water being poured into boiling oil!

This is not just about adding a new stock; it's about giving a nearly suffocating market a brand new, huge, and imaginative outlet!

Local Guangdong capital, Shanghai, Yanjing, and even "gold diggers" from all over the country, all attracted by the news, reignited the already frenzied market sentiment, pushing it to a new peak.

Everyone is eagerly watching December 1st, as if it were the key to unlocking new wealth.

Qin Yuan was almost certain that Jianlibao's move was a "life-saving pill" and "stimulant" precisely injected by one or more powerful players when the government was strongly regulating the market and it was on the verge of a stalemate.

Its purpose is to maintain or even inflate this bubble feast!

But a bubble is still a bubble!
Qin Yuan's thoughts were in turmoil.

He was certain that once Jianlibao went public, it would be time for the capital behind it to sell off its shares.

This is also a delayed-action grenade!

In the evening, Magan came back from outside.

He browsed around various securities outlets, listened in on black market traders in teahouses and street corners, and even pretended to be a businessman from out of town who knew nothing about stocks, asking some seemingly well-informed "veterans" for advice.

What he heard confirmed the information given by "Yangcheng Dachao".

Following closely behind Ma Gan'er, Fang Minghai returned to the hotel with his beautiful secretary, looking travel-worn and with a complex expression of confusion and excitement on his face.

The market information he gathered was basically consistent with what Qin Yuan knew.

"Brother Qin, this market... it's really weird!" Fang Minghai took a sip of tea and shook his head. "It skyrocketed in the first half of the year, and the government tried desperately to bring it down. After a few months, it looked like it was about to cool down, but hey! As soon as the news about Jianlibao came out, it was like it had been injected with chicken blood again!"

"In all my years in Hong Kong, I've never seen a market where the government is worried about prices rising too fast! What exactly are they playing at?"

He genuinely couldn't understand the unique "policy-driven market" logic of the mainland stock market.

Qin Yuan sat opposite him, his expression calm as still water: "Boss Fang, it's not that I'm afraid it will rise, it's that I'm afraid it will rise too fast and too chaotically, and if I can't control it, it will cause a big mess."

"Social stability takes far greater priority than market prosperity. Previous regulations were essentially a forced 'physical cooling down' of an overheated market."

"And Jianlibao..."

He paused, a faint hint of coldness appearing at the corner of his mouth. "Releasing the news at this juncture, to some extent, temporarily guides and focuses this chaotic momentum onto a controllable 'venting point,' and temporarily suppresses the risk of impending chaos."

"Now, everyone's eyes are on Jianlibao."

Fang Minghai nodded thoughtfully, feeling that Qin Yuan's analysis hit the nail on the head.

He then asked, "Brother Qin, what do you think now? Are you still going to buy this Shenzhen Development Bank property?"

Qin Yuan didn't answer directly. Instead, he looked directly at Fang Minghai and asked, "Mr. Fang, what about you? Are you still going to continue buying Vanke shares?"

Fang Minghai was taken aback, then slapped his thigh with a flourish: "Buy, why not buy?"

"Shenzhen is developing rapidly, and real estate is a pillar industry! I am optimistic about its long-term prospects! Even if there are short-term fluctuations, I can withstand them!"

He countered Qin Yuan's question, "What about you? Are you still insisting on buying your Shenzhen Development Bank shares? The black market price is already quite high."

The air in the room seemed to freeze for a moment.

Qin Yuan slowly stood up, walked to the window, and looked down at the still bustling crowds on the street below.

He had his back to Fang Minghai, and his voice was not loud, but it was extremely clear.

No. This time, I'm not buying it, and I advise you not to either.

He turned around and uttered two words, slowly and deliberately, that were groundbreaking in the Chinese stock market of 1990:
"I'm going to sell."

"Short selling?!"

Fang Minghai's smile froze instantly, his pupils contracted sharply, as if he had heard the most unbelievable words in the world.

Short selling?

In this frenzied market where everyone is scrambling to buy, tickets are hard to come by, stock prices are hitting the daily limit every day, black market prices are soaring, and everyone firmly believes that prices will rise even higher tomorrow?

In this abnormal bull market where even the government is worried about rising too fast and is desperately trying to suppress it?
This is simply... defying the heavens!

It is to be at odds with the entire market, and even with the invisible, frenzied torrent that is driving this feast!
"Brother Qin... Brother Qin, you... you're not kidding, are you?"

Fang Minghai's voice trembled slightly, as if his understanding of the world had been ripped apart.

He is a 25-year veteran stock investor who has weathered countless storms in the Hong Kong stock market and is well aware of the risks of short selling.

Especially in Shenzhen right now, this is gambling on the collapse of the entire market!

Especially in this environment of one-sided price increases, supply falling short of demand, and extremely optimistic sentiment, short sellers are like a mantis trying to stop a chariot, and may be crushed to pieces by the frenzied bulls at any time!
Qin Yuan met his shocked gaze, his face showing no hint of jest, only calm.

"Mr. Fang, do I look like I'm joking?"

In this primitive era, there was no such thing as prohibiting short selling.

(End of this chapter)