"When the stock market rises, the top is not happy, the stock market falls and the bottom is unhappy, and everyone is unhappy if the stock market does not rise or fall!" This sentence was, of course, said by a big man in the stock market, and it perfectly summed up the stock market in '92.

The Shanghai Composite Index began to decline sharply since May 26, and after falling 120 points on the same day, the stock market panicked and sold at the opening of the market on May 27, and the stock market was seriously depressed. The stock index plummeted by 145.74 points on the same day.

For a time, the stock market was filled with panic and sadness. The panic decline in the stock market has also provided a good opportunity for large individuals to enter the market.

For three consecutive days on May 26, 27 and 28, some large investors took advantage of the continuous collapse of the market to begin to enter the market to absorb stocks with smaller circulation.

From this moment on, the big dealers officially entered the market, and countless retail investors started their lives of becoming leeks.

Everything happens naturally in the midst of historical changes. The emergence of retail investors and market makers is also in line with the development of the market at this time.

"Are you really not going back?" Qin Fan asked Jiasheng and Junzi.

"If you have something to do, you go back first, and the army and I will take a look at the doorway here, anyway, it's the off-season for liquor, so we'll go back a few days later." Jia Sheng replied.

"Look at it, but don't end up trading, you won't lose money. Qin Fan's words were specially confessed to Junzi.

finally came to the ICBC where Jiang Li worked, and it happened that Liang Heng was also there, but unexpectedly, Li Xianzheng, who had been unable to be contacted, finally appeared.

As soon as Li Xianzheng saw Qin Fan, he complained: "You know that the stock is going to fall, why didn't you tell me?"

Qin Fan smiled: "Who do you blame? I don't know where you ran to work if you don't go to work, I called you several times, and I said that you were not there." Qin Fan didn't get through his phone, so Liang Heng also helped contact him, looking at his situation, it seemed that Liang Heng couldn't contact him either.

Li Xianzheng thought about it, and indeed every time he went to the unit, the young man in the department told him that someone called him.

"What's wrong?" Qin Fan asked.

"No, it's a dead set. Li Xianzheng replied.

"No, it was only a few dollars when you bought it, even if it falls, it's not a hedge. Qin Fan asked suspiciously.

Li Xianzheng was dumb and couldn't say what was bitter about eating Coptis chinensis, and some time ago he watched the big market and the sky was red, and he ate a lot with a hot head.

"No matter how much you have in your hands now, I advise you to throw it away quickly, and it's up to you whether you listen or not. Qin Fan kindly persuaded.

"Let me think about it. Li Xianzheng was still reluctant, after all, cutting meat was not so pleasant.

Qin Fan turned his head and asked Liang Heng: "Is my sister-in-law here?" At this time, Jiang Li walked out of the counter and said in a loud voice: "Yes, here, Fanzi is looking for me?"

Jiang Li is envious and grateful to Qin Fan, envious of Qin Fan who made tens of millions of dollars in the purchase and sale of subscription warrants, and thanks to this: the head of Mu Yu at home finally listened to Qin Fan's words, and made a lot of money from the securities and stocks, and Qin Fan's deposit made her exceed the deposit task, and there will be a lot of bonuses issued by the bank.

Qin Fan learned from her about some of the bank's businesses, such as deposits and withdrawals in different places, ICBC's handling fees, and deposits and exchanges.

After Jiang Li's introduction, she was embarrassed: "If you use your passbook to deposit and withdraw money in other places, our bank is not able to do it at present, and now all banks only have this business in Postal Savings Bank." ”

After finishing speaking, he thought for a while and said, "Don't you have a bank card from our bank, with which you can withdraw money from other places." ”

Qin Fan nodded, and Jiang Li asked again, "Do you want to take it?"

Qin Fan shook his head, he hadn't thought about how to use this money for the time being, and he was not short of money at ordinary times, and he didn't have any major expenses.

"Just keep this money in your bank, I won't need it for a while. After Qin Fan finished speaking, he didn't find Jiang Li secretly relieved.

"Are you going back?" asked Li Xianzheng when he saw the suitcase he was dragging.

Qin Fan nodded and said, "If I don't go back, the school leaders still don't know how to punish me." ”

Li Xianzheng and Liang Heng laughed, and then Jiang Li suddenly said, "Fanzi, why don't I help you get a gold card?"

Qin Fan shook his head and smiled: "Thank you sister-in-law for your kindness, the gold card is not necessary, it is too eye-catching." ”

After chatting with them for a few words, telling them that he would come over in July or August, and after saying goodbye to the three of them, Qin Fan walked towards the train station, and on the platform, he told Jiasheng and Junzi who sent him to him, don't buy or sell!

Looking at the moving train and waving his hand to Qin Fan who was going away, Jia Sheng and Junzi breathed a sigh of relief at the same time, and Junzi smiled: "When did Qin Shao become so verbose?"

Jia Sheng nodded, but he knew in his heart that Fan Zi was not worried about them, especially him.

In the last two days of May, the Shanghai Municipal Government announced in newspapers, television, and other media that it would increase the number of new shares issued this year, and the original plan to issue 10 new shares a year was expanded to more than 50, and the entire stock market was immediately in an uproar!

With the heat of the stock market, the market is more chaotic than a few days ago, and the business offices of all securities companies are full every day, full of people, and bicycles are everywhere. Seeing this situation, the heads of the Shanghai Stock Exchange panicked, for fear of a big mess, and after urgently consulting the city leaders, the Shanghai Stock Exchange decided to add a temporary counter to concentrate on trading.

In fact, this decision has been brewing since "5.21" by the leaders of the city and the Shanghai Stock Exchange.

Ninety-two years ago, there was an old rule for the institutions that managed the financial industry in Shanghai.

When the Shanghai Stock Exchange was first established, and even a little further back, shortly after the issuance and listing of stocks in the 90s, there was a provision that the shares of the Shanghai Stock Exchange were only purchased and sold by local residents of Shanghai and local securities financial institutions in Shanghai.

Therefore, there are only four local securities companies in Shanghai in the early days, and if the foreign members of the Shanghai Stock Exchange want to carry out securities trading business in Shanghai, they must first open a securities business department in Shanghai.

However, until the beginning of '92, the institutions that managed the financial industry at that time still adhered to the old regulations of a few years ago and did not allow foreign securities companies to set up branches in Shanghai.

After the 5.21 stock surge, the huge stock trading market in Shanghai immediately attracted the attention of all securities companies in the country!

On the one hand, because of the limited processing capacity of the Shanghai Stock Exchange, the daily trading orders are issued in limited quantities, and the local people in Shanghai complain every day that after someone grabs the transaction order, they are in the "black market high-priced buying and selling order", and some shareholders complain that "securities companies pick the big and bully the small, and only meet the needs of large room transactions, regardless of the life and death of retail investors." and other various stock market drawbacks at that time.

On the other hand, the issuance of Shanghai 92 stock warrants has led to a large number of new shareholders entering the market, especially after the stock price has been liberalized, a large number of stock trading volumes, which has caused a blockage in the computer quotation and trading system of the Shanghai Stock Exchange. Even the road in front of the Shanghai Stock Exchange is blocked by stockholders!

In order to solve the problem of poor channels for shareholders to buy and sell stocks, and to solve the local traffic problem by the way, the people of the Shanghai Stock Exchange went deep into the various business departments to investigate, and felt that the current situation belongs to the extraordinary period of limited resources and commercial interests, and it is difficult to deal with it only by administrative constraints!

The difficulties of the market can only be solved by the development of the market, and in the end, the people of the Shanghai Stock Exchange feel that they must first promote the development of business counters before they can solve other problems.

As soon as this decision came out, it immediately attracted applause, and countless colleagues from the financial and securities trading system enthusiastically came to Shanghai and offered to help the Shanghai Stock Exchange solve problems.

On 1 June, the business offices of more than 100 securities companies, under the leadership of the stock exchange, marched into a cultural square in Shanghai that could accommodate more than 40,000 people.

Each business department carried a safe with a few tables, and set up stalls on the Cultural Square to accept the transaction orders of shareholders, and organized the opening of this so-called "Cultural Square Securities Trading Market". The name of this crepe was later directly simplified by the common people vividly into the eight words "Cultural Square Stock Collection"!

"In 1792, the Americans of Wall Street did their first stock trading under the plane trees on the side of the road, and we are now in a much more modern cultural square. A certain leader of the Shanghai Stock Exchange said proudly as he looked at the mighty stockholders.

It's no wonder that the leaders are so proud.

The opening of such a large stock market in Cultural Square has shocked people at home and abroad, and there has never been such a large-scale stock trading market in any place.

Jiasheng, Junzi and Li Xianzheng stood behind the isolation railing, looking at the high platform in the square, and a leader on the stage was holding a microphone: "Hello dear shareholders, welcome to our Cultural Square Securities Trading Market, because there are too many shareholders now, and there are too few stock entrustment trading points in the city." Many securities companies' business outlets are crowded with crowds, and people can't trade! So we have opened a new trading counter here to facilitate everyone to come here to trade stocks......

"Okay!" As soon as the words of the leaders of the Shanghai Stock Exchange stopped, the scene burst into deafening applause.

But when Li Xianzheng saw that all the counters in the Cultural Square only hung up the signboard of "Entrusted Sale", warning the shareholders that they could only fill in the "Sell Order Form" here, and all the stock trading counters in the Cultural Square were "only allowed to sell but not buy", Li Xianzheng was dumbfounded!

"It's over! It's over! Is the government only allowed to sell stocks and not buy stocks? Could it be that they only allow stock prices to fall and not to rise? Why do I think something is wrong?" Li Xianzheng muttered to himself as he looked at the sign that had just been hung up on the trading counter with a pale face.