I'm back in 1990

Chapter 140: Falling Below the Issue Price

At that time, there was no expressway from Guangzhou to Shenzhen. The expressway between the two cities was only started in 1992 and officially opened to traffic in 1996. So now you can only go to Shenzhen by national highway and provincial highway.

He stopped for a meal in Dongguan City along the way, and continued on his way after the meal. Because Shenzhen is divided into inside and outside the customs, Huang Xiaochuan arrived at Shenzhen University at around 1 p.m. after the border inspection station verified his border pass and other relevant documents.

After entering Shenzhen, Huang Xiaochuan saw all kinds of construction sites along the way, with construction vehicles coming and going on the road, and dust everywhere.

Yan Wen explained, "Shenzhen is now ramping up its construction efforts, creating the 'Shenzhen speed'—one floor every two days, which has even been reported in the newspapers."

Huang Xiaochuan knew this without Yan Wen saying it, but he had never been to Shenzhen when it was under construction. In his previous life, when he came to Shenzhen, it had already developed into a highly modern city.

Jiang Qiming was delighted to see Huang Xiaochuan again, as Huang's paper was nearing completion and most of the ideas were proposed by his junior colleague. He asked Huang to take a look and offer his opinions.

"Xiao Chuan, you must stay for a few more days this time."

Needless to say, Huang Xiaochuan will definitely stay for a while. He came here for Shenzhen Development Bank and would prefer to have the opportunity to visit Hong Kong across the river.

"As long as you don't find me annoying, senior brother."

After exchanging pleasantries, Jiang Qiming asked Yan Wen to take Huang Xiaochuan to a hotel near Shenzhen University so he could rest there and that Jiang would pick him up for dinner that evening to welcome him back.

However, after getting on the bus, Huang Xiaochuan asked Yan Wen which hotel in Shenzhen had the best conditions. Of course, one shouldn't skimp on oneself when traveling, as his mother Zeng Lijuan always said, "A poor home needs a rich road!" So Huang Xiaochuan checked into the Donghu Hotel, which was the best hotel in downtown Shenzhen at that time.

This hotel is considered a high-end place by the people of Shenzhen. Ordinary citizens will talk about it for days after having a morning tea or a meal here.

After spending the next day at Shenzhen University, on July 4, Huang Xiaochuan declined Jiang Qiming's arrangement and went to the bank alone to open a new account, cashing the promissory note and depositing it into the new account.

The bank staff were astonished by the large sum of money. While processing the transaction, the pretty young woman glanced at Huang Xiaochuan several times and secretly gave him a piece of paper with her phone number written on it, tucked into his passbook.

However, as soon as he stepped outside, Huang Xiaochuan threw the note into the trash can.

According to the original plan, this money would be transferred to the securities account soon.

That afternoon, Huang Xiaochuan appeared at the Shenzhen Stock Exchange, and when he went in, he was shocked to find it deserted!

Apart from the staff, there were hardly any stock market investors to be seen inside, a stark contrast to the bustling Shanghai Stock Exchange.

It's impossible to see that. Imagine if you opened your eyes every day and found that your stock was at its daily limit down, even though it was only worth 05, but you couldn't sell it because no one was buying it, and this situation would last for up to six months. That feeling would be extremely unpleasant, so to avoid that discomfort, most of these investors simply stopped coming.

Huang Xiaochuan strolled leisurely around the Shenzhen Stock Exchange. He first checked the current stock market situation and was shocked to find that the index was only up a few dozen points, with only five stocks, all of which were bright green.

The highest-priced stock is Shenzhen Development Bank, currently at 12 yuan. The others are only a few yuan, and some are even just over 2 yuan. They have all fallen below their issue price. You should know that the lowest issue price for these stocks was 10 yuan per share!

But for Huang Xiaochuan, this was a real treasure trove!

Because he knew that soon the Shenzhen Stock Exchange would take measures to rescue the market, raising 200 million yuan to save the sluggish stock market.

In August 1991, facing a stock market that had been declining for nine consecutive months, the Shenzhen Stock Exchange held two meetings with entrepreneurs to discuss rescuing the market, but no substantial progress was made.

On August 26, the Shenzhen Stock Exchange agreed to raise 8 million yuan to establish a regulatory fund and begin buying stocks on the market. This was kept secret at the time.

On September 7, the regulatory fund officially entered the market and began buying. From the market perspective, after September 7, Shenzhen stocks bottomed out and rebounded, starting a sustained upward trend.

On October 1, 1991, the Shenzhen Stock Exchange issued management regulations for the adjustment fund, clarifying that the adjustment fund was established to stabilize stock prices and promote market development during periods of sharp stock market fluctuations. At that time, it had been almost a month since the fund had purchased the stocks.

Another point worth mentioning is the issuance of B shares on the Shanghai and Shenzhen stock exchanges. Why are A shares, which we are familiar with, called A shares? Because they are distinguished from B shares. Ordinary RB shares are called A shares. Special RB shares are called B shares. This is because they are foreign-owned shares denominated in RB (Japanese Riel), subscribed and traded in foreign currency, and traded on the stock market.

It is worth mentioning that in this year, 1991, China's economy began to fully recover.

"Comrade, I'd like to open an account."

The sudden sound startled the drowsy teller. Am I dreaming?

Seeing that the teller didn't respond, Huang Xiaochuan repeated, "Comrade, I'd like to open an account."

Now that she heard it clearly, the teller, who had been confused just moments before, was now fully alert.

Good heavens! How long has it been? Three months or four months? Finally, someone has come to open an account.

The teller did her best to show all her smiles.

"Hello sir, welcome to open an account at the Shenzhen Stock Exchange."

What procedures are required to open an account?

"An ID card is all you need."

Huang Xiaochuan handed his ID card to the other party.

Opening an account was very simple and only took a few minutes. Huang Xiaochuan carefully put away his stock trading code and password, planning to talk to a trader.

However, Huang Xiaochuan definitely won't place a buy order now, what a fool! It's only July, which means these five stocks will continue to fall for almost two more months. But he definitely won't be here at that time, so he'll have to place a buy order through an agent.

The traders in the room were all doing nothing. All five stocks were currently showing sell orders, but there wasn't a single buy order in sight.

You could say that the traders are like wolves that haven't eaten for months; if a buy order suddenly appears, they'll fight tooth and nail.

After being selected as a trader at the stock exchange, Wan Yuhuan was sent to Hong Kong for six months of training. She knew the daily trading volume of the Hong Kong Stock Exchange. Every trader on the floor earned more than ten thousand Hong Kong dollars a month. She thought that after returning from her studies, she could earn one or two thousand a month from her base salary plus trading commission.

Who would have thought that I'd be surviving on a basic salary of just over a hundred yuan a month? How am I supposed to live like this? I want to quit, but I'm reluctant to. This is a secure job! If I lose it, I'll never have it again.

One day, a young man suddenly appeared and changed Wan Yuhuan's fate.

Huang Xiaochuan strolled into the trading hall with a leisurely air. His appearance immediately attracted the attention of all the traders. Finally, someone had arrived. The traders all stared at Huang Xiaochuan, wondering whether he was here to place a sell order or a buy order.

Huang Xiaochuan randomly picked the person closest to him, walked up to Wan Yuhuan, and asked, "Would it be convenient for us to chat for a few minutes?"

Wan Yuhuan nodded like a woodpecker, immediately agreeing. How could she not agree? This man is so handsome!

In the meeting room, Wan Yuhuan dutifully explained some details of stock trading to Huang Xiaochuan. When encountering uncertainties, Huang Xiaochuan would ask for clarification in detail. Huang Xiaochuan was quite satisfied with Wan Yuhuan's explanations.

Near the end of the conversation, Huang Xiaochuan asked, "Can I entrust timed trading?"

Hearing Huang Xiaochuan say this, Wan Yuhuan was overjoyed and nodded repeatedly: "Of course, as long as you sign an agency agreement for me."

However, Huang Xiaochuan did not rush to sign the commission agreement. Instead, he asked Wan Yuhuan for her business card and left, which made Wan Yuhuan, who thought she had a chance, very disappointed. When she returned to her seat, she was ridiculed by other traders.

Chapter 140 (High-Energy Chapter): Falling Below Issue Price Updated! Read Now: