1992 is destined to be an extraordinary year.

In later generations, there are Weibo, Moments and various news apps, and the hot spots that have attracted the attention of the whole people are one after another, which easily makes people feel dizzy. The refresh frequency of various emergencies and hot spots will even produce public opinion response methods such as "encircling and saving Zhao".

This seems almost unimaginable in the age of print media.

But it's not really unimaginable, in history, there have been a few special years, the frequency of major news outbreaks, and even the stimulation of people's eyes in the new media era.

Among them, the year 1992 is impressively listed.

Hu Wenhai's arrival has indeed changed the world a lot, but there are still many things that he cannot change.

A name that was not so well-known in later generations was a big star in 1992. He hasn't acted in any movies, and he can't sing any songs, and if you want to talk about artistic talent, probably only his eloquence can be praised.

This person's name is He Yang. He became famous because his name was given a title: the King of Ideas. Yes, there is no doubt that in the history of China, there have indeed been people who have received such a title, and it does not just exist in the fiction of the movie.

The reason why this household name is so popular is because of the extraordinary magic of his language. With just one sentence, he may be able to save a factory with hundreds or thousands of people, and save dozens, hundreds, or even tens of millions of economic losses.

A plastic factory had a backlog of plastic cup products, and He Yang gave an idea to draw a map along the Beijing-Kowloon Railway onto the cups, and then sell them on the Beijing-Kowloon train, and the backlog was quickly emptied. A table lamp factory could not sell its products, and he thought of the Patriot missiles that shone in the Gulf War, and the missile-shaped table lamps were sold out of stock at the exposition in Xiangjiang.

Similar ideas include canned Jinhua ham, calendar chopsticks, contraceptive bubble gum, and magic wine bottles......

These product planning ideas, which seemed to be quite "thunderous" in the eyes of later generations, were the golden ideas that enterprises at that time were striving for. He Yang's words can often be exchanged for hundreds of thousands of rewards, and at the same time, one aura after another is overwhelmed on his head.

In the early nineties, China was literally full of the same figures.

Mu Zhong created a precedent for China's capital operation, so He Yang can be said to be the grandfather of China's business planning industry.

The predecessor of HC, Zhongguancun HC Business, was also created in 1992, and this company has a "wonderful" regulation. Newly recruited employees must go to the Ming Tombs Reservoir to climb a high mountain, and those who cannot climb within the specified time will be dismissed immediately.

Guo Fansheng and Feng Lun, who were appointed in the national system reform, although they lacked the tempering they had gained under Mu Zhong - in fact, we look back on that magical era, and many business predators in capital operation in the future have all kinds of connections and fetters with Lao Mou.

But fate is like a weed in a crack in a stone, always finding their way. Guo Fansheng and Feng Lun found their Promised Land in Hainan. Wang Gongquan, Pan Shiyi, Yi Xiaodi, Wang Qifu and Liu Jun reigned in the land of Hainan with the deep background of the Wantong system, and under the real estate frenzy of rising 50% every month......

It's so bad that they don't even know their mother.

Just after the New Year in 1992, the Economic Daily published a series of articles on the overheating of the real estate industry in the Hainan Special Economic Zone. A set of articles with detailed data, clear facts, and accuracy to the point of naming names have been reprinted by major national newspapers.

At the same time, there was also a CCTV focus interview to follow, and finally it was Renri who delivered a fatal blow.

There is no need for the relevant state departments to issue specific policies, and no snowflake is innocent when Hainan real estate collapses.

Especially half a year earlier than in history, at this time it is still those insatiable bookmakers who are still in charge, not those who are later big-headed pick-ups.

Similar to what happened to Wantong, it was Huang Hongnian who came to China with a dream of wealth.

This self-proclaimed "mainland wanderer" master of capital operation had to leave the Chinese mainland full of gold in his dreams.

According to his plan, he took advantage of his friendship with the second generation of people rolling in the mud in Chongwen Primary School and Huiwen Middle School when he was a child, pulled tiger skin to make a big banner, and wantonly bought poorly operated state-owned enterprises under the banner of state-owned enterprise reform. Then, after asset restructuring and packaging, it was listed on the stock market and sold to foreign capital.

In all of this, he doesn't even need to have direct contact with the specific operation of the enterprise. With China's regulations on foreign investment, only a down payment of 15% is required to secure a controlling stake. As long as there is a financial team, you can get the disposal right of the entire enterprise with empty gloves, and the change of hands is several times the profit of dozens of times.

It stands to reason that this route should work.

However, Huang Hongnian's acquisition did not get what he expected, the grand occasion of local governments eating pot pulp.

On the contrary, almost every time he made an acquisition, he faced considerable resistance. Governments clearly prefer to have high-quality local companies merge and restructure non-performing capital rather than selling capital to private individuals.

Because of the labor dispatch system, the problem of redundant officials and redundant personnel has been solved. In the performance evaluation of local SOE leaders, the profitability of SOEs is the main indicator. He originally wanted to buy rubber factories in Taiyuan and Hangzhou, but he didn't want to bite the gold halfway. Wanxiang Group is expanding upstream, and is also integrating the domestic automobile industry chain.

The tire strategy was blocked, and Huang Hongnian turned his head and wanted to win the youth treasure again. But Qingchunbao was merging and reorganizing with Huabee Commodity and Shanghai Jahwa, and he didn't even see Feng Gensheng's face.

Gu gossip revealed that in the negotiations between China and the United States on WTO accession, the country is likely to sacrifice the daily chemical market in exchange for preferential treatment in other aspects. Of course, it doesn't matter right or wrong at the national level, but for Youth Treasure, Bee Flower and Friendship, the last few years have been a bit of a matter of life and death.

Soon after, the central government revised the loopholes in the regulations on foreign investors to acquire shares in state-owned enterprises, and it was absolutely impossible to contribute 15% of the capital contribution in the first phase.

As a result, Huang Hongnian's fortune plan has been dealt a heavy blow. In 1992, he could only leave the sad land of the mainland.

Of course, the state has not blocked the road for state-owned enterprises to change to a joint-stock system. The stocks of Shenzhen and Shanghai have become a sunny avenue for some enterprises that are determined to get rid of the system.

Listing!

Listing can not only remove the mothers-in-law of the company, but also make a qualitative leap in the capital of the enterprise.

Poorly managed state-owned enterprises went bankrupt, restructured their assets, and workers and leaders went to the labor dispatch list for relief. What? You say that your enterprise leaders want to sell the enterprise? Why should it not be your turn to sell it? There is only one way for an enterprise that is not doing well and is on the verge of bankruptcy, that is, bidding, auctioning, and listing and waiting for its assets to be merged by a high-quality enterprise. As for the people, it depends on whether the auction proceeds are the company's interest in you.

Of course, this does not necessarily eliminate all the conspiracies and ghost domains. But it is undeniable that the enterprises that survive such mergers must be strong.

Some of these strong companies have applied for a pilot mixed-ownership system. The companies that can be listed in the early days of Shenzhen and Shanghai are undoubtedly all high-quality enterprises of this kind.

For example, after three years of growth, the share price of Xinke Communications, the first stock in Shanghai, has reached more than 400 yuan per share of 80 million shares. According to ST Communications' profit of 4 billion yuan in 1991 and 20 times the price-earnings ratio, the market value of 32 billion yuan seems to have little room to rise compared to 40% of the shares of ST Electronics.

Of course, this is mainly due to the fact that over the past few years, a lot of domestic investment has been made in infrastructure in the field of communications. Including a number of national plans such as telephone expansion and information superhighway, as well as strong national support for the wireless communication industry. When this batch of infrastructure investment boom passes, ST Communications will have to go overseas to compete for the market to maintain its scale.

Speaking of which, what makes people sigh is that the profitability of Xinke Plaza has also begun to catch up. The 100,000-store Internet café project jointly promoted by China Telecom is progressing smoothly, and ST Plaza is also blooming everywhere, and the loan reinvestment model driven by rising land prices has made ST Properties not only no longer need ST Group's investment, but has even begun to feed back key projects.

In this regard, Hu Wenhai inevitably had mixed feelings in his heart.

Even if there are so many realistic objective factors, in fact, if it were not for the Shanghai stock market's price limit system, the market value of ST Communications would have exceeded hundreds of billions.

This also caused a grand situation in the early Chinese stock market, which was hard to find. In the three years since the market opened, China's stock market has ushered in an incredible bull market. As long as the companies can be listed, they have all handed over a satisfactory answer.

As a result, before the Spring Festival in 1992, the stock market had to draw lots to issue stocks.

That is to say, you need to spend money to buy a call warrant before buying stocks, but whether you can get the stocks or not is completely up to luck.

However, the result of such regulations has given birth to a new ID card intermediary industry. ID cards from all over China have been pooled and concentrated in the two cities through various means.

This is probably a kind of national system.

Under such an upsurge, there was an incident in the Shanghai Stock Exchange in which staff members privately divided stock warrants. The angry shareholders even led to large-scale social unrest, so much so that the state had to urgently announce a large-scale additional issuance.

However, even so, China's stock market, which has been hot for three years, still caught people off guard and ushered in the first bear market.

Under this lively and noisy social background, the Spring Festival of the Year of the Monkey in 1992 arrived as scheduled.

I hope that in this temporary new 1992, the golden monkey can rise up and Yuyu clarifies thousands of miles.