Chapter 282: Soaring and Plummeting

Monday, May 25.

As soon as the Shanghai Stock Exchange opened, only 13 stocks were rising rapidly!

Qin Fan wanted to go in and take a look at the market, but when he walked to the door, he couldn't take a step further, and the exchange hall was crowded with people, whether it was old men and old ladies, or handsome guys and beautiful girls, all of them were crowded, people were next to each other, and there was no gap. Even the steps at the gate were full of people, craned their necks and tried to look in.

Jia Sheng and Junzi stood on the side of the road with him, and Jia Sheng handed over a cigarette: "I really don't understand that these people are so crazy." ”

Qin Fan took a sip and said: "You are outside the body, you don't know, when you know that you can earn hundreds of thousands of dollars as long as you spend a few thousand yuan, it's strange who you don't go crazy on!"

There was a "coaxing" in the hall, followed by "Rise, rise, rise again!"

A commotion of heat came to his face, and the excitement infected everyone in and out of the hall, except for Qin Fan and the three.

Qin Fan narrowed his eyes, and he didn't know if the stock entrusted to Liang Heng had been sold.

When he returned to the hotel and waited for the news, Qin Fan thought about it and told Jiasheng and Junzi that he was going to see the teacher.

-

When Aunt Yu saw Qin Fan, she smiled and made him the best new tea in the house, pointed upstairs again, and told Qin Fan that Old Yu was taking a nap. But he never mentioned what Qin Fan said about receiving a subscription warrant for 1,000 yuan two months ago.

"Aunt Yu, if you have a warrant in your hand, sell it as soon as possible. Qin Fan thought about it and said to Aunt Yu.

"Why? Now it's worth a lot. Aunt Yu asked suspiciously. Qin Fan shook his head, and persuaded a few more words, as for whether to listen or not, it was up to her.

Not long after, Yu Lao's footsteps came from upstairs, and when he saw Qin Fan, Yu Lao just greeted him lightly, "Coming", and he was not surprised by his arrival at all.

Qin Fan stood up and responded respectfully: "Come and see Old Yu." ”

Old Yu said angrily like a child: "Thank you for your kindness, I will be old and I will not be able to die for a while." ”

Qin Fan looked at Aunt Yu in surprise, Aunt Yu pursed her lips and persuaded: "What is not dead, didn't Sister Yu say that she will come back at the end of next month......?"

Yu Lao frowned, turned his face and asked Qin Fan, "Have you done everything?"

Qin Fan still replied respectfully: "Last time I listened to your words from Old Yu, I can't do those things that are not doing my job, no, I came to sell all those certificates this time......"

Yu Lao nodded slightly, and Aunt Yu on the side exclaimed, "Ah!

Yu Lao looked at her unhappily, and Aunt Yu hurriedly excused herself and walked out of the door.

Seeing her figure disappear outside the gate, Yu Lao muttered angrily: "I know that when I go out to speculate on stocks every day, the rice is not good to cook, and the vegetables are not good to fry ......."

After muttering, Yu Lao felt that it was a bit inappropriate to say this in front of Qin Fan, and after thinking about it, he smiled at Qin Fan and said, "Lulu gave birth to a big fat boy, do you know?"

Qin Fan nodded, indicating that he knew.

"Are you happy?" asked Yu Lao with a smile.

Qin Fan nodded again and said, "Of course I'm happy." ”

"I'm glad I don't have your surname!" said Yu Lao suddenly with a change of face.

“...... Huh?"

-

"What's going on?" Jia Sheng asked as he looked at Qin Fan who entered the door.

Qin Fan, who had a gloomy face, waved his hand, under the pretext that he was a little tired, Jia Sheng and Junzi glanced at each other, gently closed the door, the two leaned on both sides of the door, Jia Sheng asked Junzi: "You have lived with Fanzi in his teacher's house for a few days, do you know how they treat Fanzi?"

Junzi thought for a while and said, "Very good, it's just that the old man has always wanted to take Fanzi as an apprentice." ”

"Isn't that a good thing, how can you come back with such virtue?" asked Jia Shenglian.

"Brother, how do I know what's going on?" Junzi said with a wry smile.

Qin Fan in the room was lying on the bed, his eyes were looking straight at the ceiling, knowing that the final result was like this, it could be said from Yu Lao's mouth that Qin Fan's heart was still extremely uncomfortable, if he was really just a twenty-year-old soul, there was no need to think about it so much. But he's not now.

I don't know how long it took, there was a knock on the door, and Jiasheng pushed the door and said, "Fanzi, Manager Liang is here." ”

Liang Heng, who was full of joy, saw Qin Fan who was full of frustration, and said strangely: "What's wrong?"

Qin Fan sat up and shook his head and said, "It's nothing, it's just a little dizzy, it's too noisy outside." ”

Liang Heng nodded sympathetically and said, "People in the stock market today are about to lose their minds. Then he told Qin Fan that all his shares had been sold, a total of 2,730 shares, and the amount of the transaction was 460 yuan per share on the stock delivery order that Qin Fan gave to Liang Heng.

It wasn't until the afternoon that Liang Heng entered it into the computer in the counter, and then the stock trading system in the computer matched the transaction.

At this time, stock trading is a physical job, because there are too many people who speculate in stocks. In the business department of a securities company, there are tens of thousands of people crowded inside and outside the door, and the crowd when handing over the stock delivery order is as terrifying as the Spring Festival at the railway station every year in the future, and handing over the order is a pure manual work!

Everyone is desperately squeezing in, and in the end, buying and selling stocks is not a priority of time or price, but a priority of strength! If you don't have the strength to squeeze to the counter, you can't buy and sell, and if you can't buy and sell, you can't make money.

At this time, there are still some crazy shareholders who squeeze into the queue in order to grab the delivery order, and even climb to the second floor of the securities company, jump from the window and smash into the queue.

The frantic queuing of shareholders has brought big problems to the business departments of all securities companies in Shanghai, all of which are full, and some of them can no longer withstand the explosive growth of trading volume of shareholders, and it is common for doors and windows to be squeezed.

At that time, almost all the traffic near the sales office was paralyzed, and buses and other vehicles had to be detoured to avoid the crowd of people who were crazy about stock trading.

Of course, with the heat of the stock market, countless foreign securities firms have also crowded into Shanghai to set up business in Shanghai, and for a time the streets and alleys are full of offices of stock and securities companies and people speculating in stocks, and the market is even more chaotic.

However, fortunately, at this time, the Shanghai Stock Exchange has launched a paperless stock trading model, and the previous stock trading is a counter entrustment, and the seller must first deposit the physical shares in the counter of the securities business department before trading, and then the securities company will hand over the stock to the exchange.

Because there were too many physical stocks at that time, and the exchange had few people, there were various emergencies such as losing and not being able to find the stocks in the process of moving around.

The daily trading volume of the stock exchange reached more than 10,000 transactions per day.

Investors who come to go through the transfer procedures can only use sacks to fill money or physical shares, and the staff is busy until the second half of the night, which brings great pressure to the normal operation of the exchange. During this period, if the manager of the exchange happens to be sick and hospitalized, and has not had time to find out about the situation, the exchange will have difficulties in settlement and all kinds of chaos.

In the early days of its opening, there were only about 20 seats on the Shanghai Stock Exchange to handle transactions, and each of the securities companies below had to aggregate the stocks and money traded every day to the exchange.

At that time, in order to prevent short buying and selling, the state stipulated that investors must take the stock to the counter of the securities company before they can sell it, and the money can only be bought after the counter is handed over.

The intermediate process of stock trading is all after the counter of the securities company and the exchange are matched before the transaction can be traded.

At that time, the stock trading of listed companies was T+3 trading, that is, the order placed on the same day could not be known until three days later.

Due to the immaturity of the computer trading system and the obstacle of the registration and transfer system, it took more than half a month for the Shanghai Stock Exchange to complete a stock transaction at that time.

Fortunately, the stocks of the Shanghai Stock Exchange are only traded locally in Shanghai and have not been traded in other places, so the Shanghai Stock Exchange has not been dragged down by the huge stock trading volume!

On September 16, 91, the Shanghai Stock Exchange stipulated that investors must use stock accounts to buy and sell stocks, and cancelled the shareholder name card, and those who have not deposited shares into the exchange cannot be traded.

So far, the Shanghai Stock Exchange has completed the trading of listed stocks without physical shares, and the name paperless transaction appeared later.

The surge in the stock market has worried the people above, in just two days, the stock market has been up in the next few years, in order to curb the frenzy of the stock market, the Shanghai Stock Exchange has shot!

After the market closed on May 25, the Shanghai Stock Exchange announced that it would prohibit the "collective households" that jointly bought and sold stocks to buy stocks, and only allowed them to sell the stocks they had bought, and at the same time, in order to broaden the trading channels, a temporary booth will be set up in the Cultural Square in the near future to accept investors to sell stocks.

The Shanghai Composite Index began to decline sharply as soon as it opened on May 26, falling 120 points on the same day!

All 13 stocks plummeted as soon as they opened! Yuyuan Garden Shopping Mall even fell below 10,000 yuan!