Book Friends Group 124377554 Verify Password: 1992 Novel Book Friends

What exactly is the "92 fortune certificate" called by the history of Chinese stocks?

In January 1992, the Shanghai Stock Exchange offered stock subscription warrants.

A stock call warrant is a right to give the holder of the warrant the right to purchase the underlying stock at the strike price for a specific period of time.

Stock call warrants are a product of great reform characteristics, which was first created in the Shanghai Stock Exchange in 1992.

At that time, the Shanghai Stock Exchange was established for more than one year, and only the "old eight shares" could be traded in the market. The scarcity of the number and variety of products has led to the shortage of stocks and the lack of market, so market expansion has become a priority.

At that time, when a certain new stock was on sale, there was a spectacular scene of queuing two days in advance, eager to make a fortune but unable for everyone to get the opportunity, which led to chaos on the scene and almost killed people.

In 1992, the Shanghai Stock Exchange planned to issue more than a dozen new shares, and the competent authority invented a whimsical idea that was recorded in history, before the stock issuance, the subscription warrants were first sold, and when the shares were issued, the subscription warrants were drawn by lottery, and the winning number could enjoy the qualification of exercising the right to purchase.

In January 1992, the warrants were issued, but unfortunately the market was cold, and the sales performance ended dismally.

Two months later, an astonishing news was released from the stock trading institution, and the number of new shares to be issued this year is no longer just a dozen, but an astonishing 50!

The significant increase in the number of individual stocks means that the winning rate far exceeds market expectations at the time of call warrant issuance.

To put it simply, when the warrants were issued in January, it was thought that only 1 out of every 10 warrants could be won, but after the news was released in March that 50 individual stocks would be issued, this meant that the probability of winning every 10 warrants increased by at least 4 times!

The opportunity to make a fortune is right in front of you!

Once-pre-cooled call warrants immediately became the darling of the market, but the statute of limitations for trading institutions to sell call warrants has ended, and people can only seek to change hands on the black market.

The issue price of the call warrants was 30 yuan each, and the highest transaction price on the black market reached an astonishing 10,000 yuan per ticket!

According to the records of real events in history, in fact, the actual income of every 100 consecutive warrants should be more than 400,000 yuan.

The original offer price of 100 warrants is $3,000. A few months later, it was fired to more than 400,000.

The highest transaction record of 100 consecutive subscription warrants, reaching 500,000 yuan!

------------------------------

After class, Chen Wen came to the school's communication room, looked for newspapers, and checked information.

Chen Wen wanted to find out when the call warrants were put on sale.

There should be such a big news as the sale of subscription warrants on the Shanghai Stock Exchange.

Chen Wen first went outside the school to buy a pack of 7 cigarettes, returned to the school gate, and walked into the communication room.

"Uncle, I'm from the 90 class, my name is Chen Wen, do you have a letter from our class?"

"It's piled up on the windowsill, look for yourself. The master of the communication room leaned back in his chair and muttered with his eyes closed.

"Uncle, come on. Chen Wen flipped through the fake model for a while, took out a cigarette, unpacked it, and handed it to the old man.

"Good! good!" the uncle opened his eyes, took it, sniffed it, and lit it.

"Uncle, is there a recent newspaper, I rolled my eyes. "Chen Wen didn't mean to make a show, but after decades of life experience, he got used to it, so he didn't go directly to the topic, but first took a detour and pulled feelings, which is good for everyone.

"Here, turn it over. The uncle pulled out a large stack of newspapers from under the table.

You see, that's the effect. If you don't have a relationship with Uncle Lala, he won't take the initiative to take out the inventory under the table for you.

This is social, that's all.

Chen Wen flipped through it for a while and found what he was looking for from a financial newspaper.

January 15!!

Chen Wen watched this news for about 10 minutes, and he tried to silently remember the sales unit and address.

"Take it away, take it away, you can take this back and read it slowly. Uncle's sudden words made Chen Wen overjoyed.

"Then thank you. Chen Wen carried the newspaper and returned to bed 207.

-------------------------------

Chen Wen didn't go to the cafeteria to eat at noon, and he wasn't hungry at all.

The newspaper in Chen Wen's hand was snatched up by Li Chen, who was in the same bedroom.

"My day! Speculation has turned this kind of thing, and now it is actually in the newspapers in a big way!" This page of news on the subscription warrant was turned to the outermost page by Chen Wen, and Li Chen saw it at a glance and couldn't help but complain.

"Li Chen, this is a new policy launched by the relevant departments, don't talk nonsense. It's almost allocated, but don't let people pull your pigtails. Chen Wen kindly reminded him.

Chen Wen's graduation assignment is no problem, it does not mean that all students have iron rice bowls to follow them.

Chen Wen sat on his lower bunk and fell into a long time of thinking about how to get a sum of money to buy a batch of subscription warrants.

Time waits for no one, today is January 7th, and it will be on sale in a week.

Chen Wen's living expenses are paid on a monthly basis.

Chen Wen's parents send money every six months, and the money is sent to Uncle Ji.

Uncle Ji is a section chief of the railway bureau, he is a former colleague of Chen Wen's father, and the two are good friends.

According to Chen Wen's mother's instructions, Uncle Ji divided the money into 6 parts and handed over one to Chen Wen every month, with 100 yuan each.

Uncle Ji is a good person. This isn't a good guy, he's a really good guy.

Since 1990, at the end of every month, Chen Wen has gone to Uncle Ji's house to receive living expenses and receive Uncle Ji's teaching.

According to the agreement with Chen Wen's parents, the day after Uncle Ji paid Chen Wen living expenses, Chen Wen's parents would call Section Chief Ji's office, and Chen Wen would stay by the telephone on this day and talk to his parents once.

The cash in Chen Wen's hand will never exceed two hundred yuan. At most, more than 100 yuan, the rest of the previous month, plus the next month's 100.

Where can I get the money? I'm in a hurry!

In his previous life, Chen Wen had heard a lot of legendary stories about the 92 fortune certificate, that is, the call warrant.

30 yuan a certificate, this price in 2019, it seems that it is quite cheap.

But back then, when call warrants were born, people didn't see it that way.

30 yuan, saving a little money can be used as a month's meal money.

The most unacceptable thing for people at the time was that even if you paid 30 yuan to buy this thing, you might not be able to buy stocks.

When new shares are issued, there is also a lottery. What is called a lottery, it is a lottery. If you win the lottery, you will be eligible to purchase a unit of stock with the call warrant to which the number belongs.

What should I do if my number is not shaken?

In 1992, it was planned to issue 10 new shares, and you will slowly draw the number, and it will not be good, and you will not be able to shake the number that you bought for 30 yuan in the end.

Fools go to buy call warrants.

Not only the people of Hongcheng, which is located in the inland, treat the warrant in this way, but even the locals in Shanghai do not look down on this thing, calling it a scammer certificate.