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Related Works Chapter 198 "Stock Crazy" Prediction

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    Lao He was very efficient. Not long after he left, he returned to the private room with a fax and handed it to Liu Xun. Liu Xun took it and looked at it seriously. The more he looked, the more serious his face became.

    This, this is obviously exactly the same as the announcement I saw in another time and space. Except that the date of the new stock subscription warrant sale was changed from August 9th to March 9th, the rest is the same as the one in my memory.  The two things are exactly the same. It seems that the great riot in memory is not far away.

    This announcement was just announced by China Overseas Securities Exchange today. Its general content is that it announced that China Overseas Securities Exchange will issue 500 million domestic public shares in 2092, and then use a lottery method to sell the stocks. A total of 500 shares will be issued in the lottery.  10,000, the winning rate of the lottery table is 10%, and each lottery table can subscribe for 1,000 shares.  At the same time, it is stipulated that subscribers must present their ID cards to handle relevant matters. One ID card can cost 100 yuan to buy a lottery form. It is also limited that each subscriber can hold up to 10 ID cards to buy a lottery form. The specific sales work,  It will officially start three days later, on March 9th.

    Yes, yes, it is indeed this thing. It is exactly as he guessed. Even the announcement is exactly the same. Liu Xun sighed secretly in his heart.

    It seems that although his arrival has changed some things, the general trend of history remains unchanged and is always rolling unswervingly in a given direction.

    For example, although the time for the China Overseas Stock Exchange to synchronize with the world has been advanced, the subsequent stock market trend has not changed. Although the date for the Shanghai Stock Exchange to liberalize stock prices has been advanced, the 10,000-yuan shares of Yuyuan Mall have not changed, and other increases and decreases are roughly the same.  Nothing has changed, the trend of the market has not changed.  Although Zhonghai City implemented the lottery method to issue new shares earlier than planned, the lottery method for new stock subscription on the stock exchange has not changed.

    Since these general directions have not changed, then, if nothing unexpected happens, will the 8.10 stock madness in another time and space also appear according to historical trends?  Become 3.10 stock crazy?  Liu Xun was thinking silently in his heart.

    Regarding the 8.10 stock madness in another time and space, Liu Xun had read detailed records in the Academy of Social Sciences, and he knew it very well. As for that huge impact event that ranked high on the list of major domestic events in 1992, alas  ¡­

    If we describe it from the direct starting stage, the 8.10 stock craze in 1992 probably started from this announcement in my hand.

    The so-called 8.10 stock market craze happened on August 10, 1992, when millions of stock investors gathered in Zhonghai City and a huge riot broke out, creating another large-scale "people's movement" in China after ** years.  The incident had a huge impact on the subsequent development of the domestic stock market.

    According to Liu Xun¡¯s understanding, the abnormal popularity of the domestic stock market is the cause of this large-scale stock market craze. Of course, most of the reasons here must be attributed to the government.

    The beginning of the matter was due to the large number of stockholders at that time. The number of new shares issued in 1992 had already been determined. From the central government to the stock exchanges below, there were clear figures for a long time. However, how to sell these stocks was a mystery.  The government was hesitant.  There were only a few new stocks with a total of 500 million shares, but there were 1.5 million people who wanted to buy them, because the number of investors at that time was already as high as 1.5 million.  Needless to say, this is a situation of "more wolves and less meat". Officials in this system are in a dilemma from top to bottom and do not know how to solve this situation of "more wolves and less meat".

    The securities market leadership group composed of a group of officials worked very hard. They came up with four methods and asked the Financial Morning Post to publish them. The public discussed and decided on the final method. This activity had already started before the Spring Festival, but  At that time, Liu Xun had no time to pay attention to the domestic stock market. He was busy with Cisco in the United States.

    In fact, everyone knows that this kind of discussion will not lead to any results. With nearly one million investors and more than ten thousand people arguing, it is impossible to achieve any results.  The government wants to balance the interests of all parties, but stock investors want to make money, securities issuers want to profit from it, bank employees want to "first come first served", and even the police want to take advantage of this opportunity.  How can such interests be so balanced?

    After two months of this, it still couldn't be balanced. The problem returned to the leadership group, which caused the leadership group to make a mistake. In the end, they picked up the old method from 1991 and used it again. The core link was the issuance of the "new stock lottery list"  ".

    Simply put, if you want to buy new stocks, you must participate in the lottery. If you want to participate in the lottery, you must buy a "new stock subscription form." If you want to buy a "subscription form," you must hold your ID card and go to the designated location to queue up.  One card buys ten forms, and one of the ten forms is signed.

    The decision-makers at the time may have good intentions. Perhaps they wanted to allow more people to benefit from stocks, rather than making stocks a game only for the rich. The decision-makers at the time may have had such considerations in mind, so  The method of public lottery issuance of stocks in 1991 was followed.

    How to conduct a public lotteryThe method was to face the market and the masses completely. However, the decision-makers at that time obviously underestimated the rising enthusiasm of the masses and the greed that existed in the institutions.

    In fact, after the stock market surge in 1991, buying stocks has become a well-known way to make a fortune, and investors' enthusiasm for new stocks has reached an unprecedented level.

    To give a simple description, every stockholder has his own account in his mind. According to interviews afterwards, stockholders also expressed their considerations at noon. According to the announcement of the issuance of new shares in 1992 published at that time, it said  Each person can use ten ID cards, and one ID card can buy a watch. Each watch costs 100 yuan. Anyone can calculate these simple mathematical calculations.

    Hu¨¡ If you buy ten watches for one thousand yuan, the winning rate is one-tenth. If you buy ten watches, you should win one.

    Even if it is calculated based on one stock, that is to say, each investor can buy at least 1,000 shares of stock for 1,000 yuan. Calculated based on the current issuance price-earnings ratio, he can earn at least 10,000 to 20,000 yuan. A good four or five.  Everything is possible. If you buy a watch and spend 1,000 yuan, and then spend 1,000 yuan on 1,000 shares, you will have a profit of at least ten times before long. Who wouldn't be crazy about such a huge profit?  A little gambling can at least win the identity of a ten thousand yuan household. Therefore, stock investors across the country went crazy. In the end, all the crazy factors were concentrated in Zhonghai City.

    So, the reason for the stock madness was buried like this.

    Liu Xun remembers seeing a piece of data when he was studying at the Academy of Social Sciences. As soon as the announcement from the China Stock Exchange came out, the China Shipping Bureau was immediately inundated with ID cards flying in like flakes. Among them, the largest express  The special delivery package contains 2,500 ID cards.

    According to statistics at the time, China Overseas had a permanent population of about 600,000. After the announcement, 1.5 million people rushed in within two days. At the same time, many side jobs were created by reselling tickets and attracting people into China Overseas.  Not to mention.

    The queue in the early stage was okay. Although more than one million people gathered at the China Overseas Stock Exchange to queue up, there was no big chaos before the official sale, and it was still relatively orderly.

    The real chaos started on the morning of August 9th. The lottery tables started to be sold on the Zhonghai City Stock Exchange on time. However, what was different from what was expected was that in just two hours, it was said that 500 yuan would be sold.  The stock exchange with tens of thousands of lottery tables announced that the sale was complete, and all the windows at each sale point were closed.

    Millions of people came excitedly and waited for two days and two nights, but few people bought the lottery list, and some people discovered on the spot that government officials had taken advantage of their power to embezzle subscription certificates. This anger quickly spread throughout China.  , people who could not control their emotions rushed to the city hall like a tide. Soon, all major streets in Zhonghai city center were paralyzed, shops were smashed, police cars were burned, and the government dispatched a large number of riot police and high-pressure water cannons.

    In this column, the first evil incident in the Chinese stock market broke out unexpectedly.  It was not until the early morning of the 11th that the Zhonghai Municipal Government urgently announced the issuance of an additional 500,000 subscription application forms. That night the mayor of Zhonghai City personally delivered a televised speech, and the situation gradually calmed down.

    An investigation after the event showed that there was collective fraud in the issuance of lottery tables, involving 4,180 people in the financial system alone, and the average distribution points at each point of sale were 44.6%.  And many insiders believe that the reality should be much higher than this ratio.

    The fraud incident dealt a heavy blow to investor confidence. In the next four days, the stock markets in both places plummeted, with the Shanghai Composite Index falling as much as 45%, almost half of its value.  The China Shipping incident vividly demonstrated the gray, ambiguous and barbaric side of China's early stock market. It directly contributed to the birth of securities management agencies.  Liu Xun remembered that it seemed that just two months later, the Securities Commission of the State Council announced its establishment. The iron-fisted deputy [governor] personally served as the director. Its administrative agency was the China Securities Regulatory Commission, referred to as the Securities Regulatory Commission.  Become the highest direct management authority of China's stock market.

    Probably since he saw Liu Xun getting the faxed announcement, he had been frowning and thinking. He didn't say anything for almost ten minutes. Lao He couldn't help but feel a little uneasy: "Master Xun, what's wrong? What's wrong with this announcement?"  ?"

    "It's a big problem." Liu Xun smiled bitterly. "This announcement may cause a big problem. Zhonghai City is going to have a big problem."

    Lao He breathed a sigh of relief. Whether something big happened or not had nothing to do with him. The more investors gathered, the better the business of his market monitor. Zhonghai City had already gathered a lot of people at this time. As you can imagine,  Yes, more people will definitely gather in these two or three days. In this way, his stock market will naturally have a larger market.

    "I thought Mr. Xun was also interested in the new shares offered to the public." Lao He rubbed his head.

    "This stall'sWe'd better not mix it with water. Uncle He, if you are interested, you can give it a try. The profit is still considerable.  "

    When Liu Xun said this, Lao He immediately became interested. It was a great thing that Liu Xun could ask for advice. In his opinion, Liu Xun had a magical way to make gold.  Before, he was reminded by Liu Xun to run market monitors. Each unit had a profit of several hundred yuan, which was very profitable. He made a lot of profits in just a few months, not only making back the losses in Bajiaokou.  , and made a huge profit, but after all, he cannot monopolize this thing alone. Now, other businessmen have discovered the huge profits here, and he has no choice but to sell at lower prices to seize the opportunity.  Market, as a result, profits have naturally dropped a lot. He had already prepared to focus on operating land certificates, but now that he heard Liu Xun say that he could also have a hand in the stock market this time, Lao He immediately became interested.

    To be honest, Lao He is a person who likes to play stocks very much, but what happened in Bajiaokou made him know that he is not the material for playing this thing, and he has strong self-control. Therefore, although he has been operating a market monitor recently, he has been  Dealing with stock market investors, but he himself does not own stocks.

    But this time Liu Xun came out, so the impact on him was naturally different. In addition, he himself judged that it was profitable this time.

    "If Uncle He is interested, he might as well go big and hire thousands of people to go to Zhonghai and queue up to buy lottery tables to buy shares. According to my estimation, he should be able to make a lot of money."

    Liu Xun said and smiled slightly. The reason why he said this was because he suddenly remembered that in another time and space, a certain person named Tang did exactly this. As soon as the announcement of the issuance of new shares by Zhonghai City came out, he immediately  I just spent money and hired 5,000 people to take a train from Urumqi to Zhonghai City to queue up to receive the subscription lottery form. Each of these people had a small wooden stool and queued for 50 yuan a day for labor. The queue lasted for three days. The lottery form they received was replaced with the original lottery form.  The stocks made Tang Xinwan make a lot of money. From then on, Longde, a famous name among bookmakers, began to rise in the future.

    When Liu Xun said this, Lao He really became interested, "Master Xun, can we really make money in this way?" However, after Lao He asked, he knew that it was unnecessary, and when Master Xun opened his mouth, he was naturally sure.

    "Of course you can make money," Liu Xun said, turning to Cheng Yu and Jiang Xuewu. "Sister Cheng Yu, sister Wu, if you two have spare money, you might as well give a few million to Lao He and Liu Zejun to operate it.  When the time comes, I¡¯ll make two to one and add five to my profit.¡±

    Seeing Liu Xun win over Cheng Yu and Jiang Xuewu, Lao He was even more relieved, but then Liu Xun changed his tone, "Uncle He, although this nose can make money, I am not willing to get involved. I feel that Zhonghai  Something big is going to happen to the market this time. Millions of investors have gathered in Zhonghai. If one of them fails, it will be a big mess. If you really want to get involved, you'd better hire someone as soon as possible. As soon as the subscription is over, withdraw from Zhonghai.  , so as not to be implicated.¡±

    Before Lao He said anything, Cheng Yu opened the door first.  "Xiao Xun, you have been saying that something big is going to happen to Zhonghai. What exactly is it? Are you not sure?"

    Cheng Yu spoke in an unusually serious tone, and even Liu Xun could tell that there was a hint of anxiety in her voice.  !  .
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