May 21, '92 was destined to be a memorable day in the history of the Shanghai Stock Exchange, on this day all the stocks on the exchange experienced a boom, and some even set new all-time highs.

After 10 o'clock on May 21, the trading volume of the Shanghai Stock Exchange began to increase, and the new stock price rose between 250 and 300 yuan across the board, which means that the stock price of new shares is generally higher than that of old stocks.

A lot of big investors began to buy the bottom of the old eight shares, so the old stock buy orders immediately soared, vacuum electronics and Yuyuan shopping mall stock prices rebounded strongly, Shenhua Electrician's trading volume also soared to 12,604 shares, and its price rose to about 410 yuan per share.

By 10:20 a.m., the Shanghai Composite Index had reached its peak of the day, soaring from 842.6 points to 1,365 points in one hour! This was even crazier than the film "Stock Crazy" starring Pan Hong and Liu Qingyun.

The index is 522.4 points higher than the 842.6 points it had 30 minutes after the opening day. Since then, the growth of new stocks has begun to slow down, and it has gradually been surpassed by the old eight stocks.

After the lunch break, in addition to Feilo shares and Phoenix Chemical, which have long been liberalized, continued to hover slightly, the stock prices of new and old stocks began to climb sharply at the same time.

By the close of the day, except for Yanzhong Industrial, Feilo and Phoenix Chemical, the stock prices of the three old stocks that had been piloted in two phases fell slightly compared with the previous day's close, and the stock prices of the rest of the new and old stocks all rose.

On May 21, the Shanghai stock market soared from 617 points the previous day to 1,266 points, a 100% rise in one day.

On the same day, the price of stock warrants on the black market increased several times!

The next day, the Shanghai Composite Exchange continued to rally sharply in stock prices and indexes, with the prices of all stocks rising. In particular, the Yuyuan Garden shopping mall reached a high price of more than 10,000 yuan a share on the same day!

So far, Yuyuan Garden Shopping Mall has become the first 10,000 yuan stock in China!

Later reports also recorded the situation at that time.

In the 6th issue of "Special Zone Economy" in 1992, there was a detailed record of this round of sharp rise in the Shanghai Stock Exchange:

From May 18th to 22nd, the share price of "Light Machine" rose by 573%, the share price of "Yigang" rose by 483%, the share price of "Second Textile Machinery" rose by 404%, and the share price of "Jiafeng" rose by 402%. At the same time, the market price of the stock of Yuyuan Shopping Mall exceeded 10,000 yuan, setting a sky-high price in the history of China's securities trading, and was known as "China's first stock".

"This, this is so madness. Jia Sheng muttered to himself.

Qin Fan frowned, looking at the leather shoes on his feet, the leather shoes had been trampled out of shape, and the shirt on his body had been squeezed out of shape, fortunately it had not been torn yet, and then looked at the army, his shirt had been pulled and had no buttons, compared to the two of them, Jia Sheng was very neat.

The three of them were brought in by the crowd, and Jia Sheng was squeezed by the crowd and poured into the trading floor almost without touching the ground.

There are people in the hall sighing and shouting, the big screen will go black after the gate is pulled, the shareholders are noisy, and then they rush to other trading halls, most of the people left here are the wounded, the strange thing is that no one goes to the hospital for treatment, and it is not like the descendants of the fart to go to the hospital to toss something. Qin Fan also admired those old men and ladies, who were full of combat power in an environment and retreated without any damage.

"Did you come here like that all year ago?" asked Jia Sheng, what had just happened beyond his imagination.

Junzi said with a smile: "When I came with Qin Shao a few years ago, there were few people in the cold, and I saw a stupid daughter-in-law pulling the old lady to return the warrant, but now I think about it, if I really return, hundreds of thousands will be gone, hehe." After saying that, remembering the face of the daughter-in-law at that time, Junzi couldn't help but be happy.

Qin Fan saw Jiasheng staring at Junzi with a dark face, and hurriedly asked Junzi to say a few words, and Junzi also saw the black face of his eldest brother, and closed his mouth knowingly.

"What do we do now?" asked Jiasheng.

Qin Fan thought about it, but still found Liang Heng and then said. It's easy to say, but I haven't seen him when I found my home from the unit. His neighbors were also looking for him, all of them were smiling, and Jiasheng Junzi was dizzy when he heard it. Qin Fan also listened to it with great difficulty, it was nothing more than that the stocks in his hands had risen, how much had they risen, and some old ladies were shouting that the coffin board money was going to be taken out to buy stocks.

Qin Fan and the three of them looked at these people in front of them who were usually scheming about stocks, as if they had fallen into a mad demon.

When the moon started, Liang Heng hadn't come back yet, but when Jiang Li walked into the house with the child in her arms, she saw Qin Fan and the others.

The child saw Qin Fan break away from his mother's embrace, ran and threw himself into Qin Fan's arms, and shouted sweetly with his little mouth: "Uncle Qin, I want to kill you." ”

Qin Fan squatted down and picked up the child, remembering that the child had lost his mother when he was still young in his previous life, he felt a little uncomfortable in his heart, took out a few candies from his pocket and put them in the child's hand, looked up and asked Jiang Li, what was Brother Liang busy with.

Jiang Li explained: There have been a lot of meetings in Liang Heng's unit recently, and he hasn't come back yet, so he must be holding a meeting in the unit.

After a few words of greeting, seeing Jiang Li's tired demeanor, Qin Fan asked Jiang Li to see him and asked him to take the time to go to the hotel where he was staying to find him.

Saying goodbye to Jiang Li and the children, I returned to the hotel, only to see that the hotel was full of travelers with accents from all over the world.

On 21 May, the news of the sharp rise in stock prices in the Shanghai stock market instantly spread to the whole country, including Hong Kong, Macao, Taiwan, and the whole world, through telephone calls and news broadcasts.

All flights to Shanghai were fully booked that day, and even train tickets became hard to find.

Countless outsiders rushed to Shanghai overnight with sacks of banknotes in an attempt to make a good fortune in the stock market! While Shanghai locals could not sleep all night and wandered out of their homes to wander the stock market at night.

At this time, because of the policy, the stock is not allowed to speculate, everyone has focused on the stock warrant, because the stock price of Yuyuan Garden Mall on the 21st exploded to 7000 in the intraday, the black market price of the stock warrant also rose.

In early May, the government released the news of the restructuring of Yuyuan Mall and the issuance of new shares, which means that if you buy a stock subscription warrant now, you are likely to win the original shares of Yuyuan Mall in the following three lotteries.

According to the previous issuance practice, the issue premium of the original shares is 1~5 times the par price, and the stock price of Yuyuan Garden Mall on the 21st is 70 times the par price!

That is to say, once the purchased warrant is lucky to draw the original shares of Yuyuan Mall, the investment of a few thousand yuan will skyrocket by more than 60 times!

It's a pity that no one is stupid!

On this night, although the black market price of call warrants skyrocketed, there were very few trading volumes, and everyone knew that this was the first day of liberalization of the stock price, and the stock price would rise tomorrow. Countless people couldn't sleep with excitement that night, and everyone was waiting for tomorrow.

This night, Qin Fan did not wait for Liang Heng's arrival after all.

The next time I saw Liang Heng was when the stock market was closed on Saturday, and Liang Heng found Qin Fan according to the address and room number left by Qin Fan.

"Did you see it, it went up, it went up, our stock went up. Seeing Qin Fan, Liang Heng couldn't suppress his excitement, picked up Qin Fan and turned around twice, from his heart, he was still very grateful to Qin Fan.

Qin Fan understood his mood very well, in his previous life, because he honestly followed the rules of the leader, he didn't buy a warrant, and when his colleagues secretly bought the warrants and stocks made a lot of money, he could only watch silently on the side depressedly, and when he got home, he had to endure his wife's complaints and nagging, and over time, the two of them fought all day because of this matter.

"Brother Liang, don't be too happy too early, when the money in the stock market is in your pocket, then is the time to be happy. Qin Fan splashed cold water.

Liang Heng nodded again and again: "Yes, yes, then you see ......"

"Sell when the market opens on Monday, no matter what the stock. Qin Fan said without hesitation. Liang Henghu asked suspiciously: "Why? I see that the stock is still rising, isn't it a loss to sell it out at this time?"

"Listen to me right, don't you see those old men and old ladies, and those who don't understand anything are running into the stock market?" Qin Fan didn't tell him anything about the future policy changes, and can only be explained from social phenomena, whenever the above people enter the stock market to speculate in stocks, the stock market will fall!

Jia Sheng and Junzi listened as if they didn't understand.

The stock market was closed on Saturday, but the black market was not!

Several streets near the securities company were crowded with people speculating in black market warrants. There are no buses here.

sent Liang Heng out and repeatedly told him not to hold the stock in his hand, although Liang Heng disagreed, he still nodded in agreement.