Chapter 488: Shanghai Composite Index
Good mood.
If it is said that the establishment of a joint-stock company, according to the current business environment in China, Fan Yang will have to develop at least three or five years before it can be considered.
Because 5 million is only the starting threshold, if you want to register a joint-stock company, you must start with at least 30 million yuan, that is, at least 30 million shares, otherwise the number of shares listed and issued is too small, and it is difficult to have an impact.
After that, it will continue to increase the issuance, and when the dividend is returned at the end of the year, the manufacturer will intercept the profit money, which should have distributed a dividend of 5 yuan, not to send money, but to issue additional shares, such as 10 to 4, 10 to 2, etc., to turn the dividend into additional shares to shareholders.
Over time, everyone has done this, resulting in fewer interest rebates.
It becomes a pure speculation market.
In short, the capital must be strong enough and the number of shares in circulation must be large enough to achieve the purpose of healthy growth.
For example, Alibaba's listing in the United States, the first batch of registered capital reached 2 billion US dollars, and then repeated capital increases, the registered capital reached 5.9 billion US dollars, raising the basic stock price, the initial stock reached 2 billion shares, and the split of Ant Financial issued more than 400 million additional shares.
The total number of shares is 2,441 million, and the market capitalization is $548 billion.
In addition to shell companies, mature commercial companies that want to go public healthily generally require a total share capital of 400 million yuan to start, so as to obtain the power to reduce the number of additional issuances to 10%.
Registered capital of 400 million?
You can imagine how high the threshold is.
Therefore, the three words chairman of the board of directors are not something that ordinary people can be.
Go out and brag to people, I have a listed company in Kazakhstan, is this a bomb?
Originally, he still had some concerns, but the more he thought about it, the hotter he became, and beckoned Duan Zhengxing: "Go, go out with me for a spin." β
When I went out, I found that there was no car.
His Cherokee was still in the repair shop in Jinghe County, and Fan Yang couldn't help asking, "The work you carried out without a car?"
Duan Zhengxing said with a bitter face: "Generally, you take a taxi, and when you go to the countryside, you call a van, you wait a minute, I'll call a car over." β
"Forget it, anyway, the district government is not far from here, so let's walk. β
"Where are we going, do you need to prepare something?"
"No, take me to the Industrial and Commercial Bureau. β
After more than a month of mixing, Duan Zhengxing and others had close contacts with the people of the district government, and through an exhibition, they were familiar with the doors and doors of the organ compound, and took Fan Yang around twice and came to the Industrial and Commercial Bureau.
When he arrived at the certification hall, the counter was deserted, so Fan Yang asked casually, wanting to consult the registered joint-stock company.
I'm still quite nervous, the current new reins are not a local joint-stock company, whether it can be registered directly is two words.
The result was quite unexpected, and the other party came up to ask him if he was a limited company, reorganized into a joint-stock company, and asked him which unit he belonged to.
Fan Yangqi said: "Is there any unit in the new reins that is being reorganized and listed?"
There was a woman in her thirties at the counter, who directly asked him to say something, and waited next to him if he had nothing to do, so as not to delay his later work.
Two sentences were closed.
Duan Zhengxing hurriedly stepped forward and directly said that he was looking for Section Chief Wang of the Enterprise Registration Bureau.
The other party paid attention, picked up the phone and dialed the extension, and asked them to sit on the chair next to them for a while.
Duan Zhengxing said: "Don't mind, it's hard to get into these days, and it's not aimed at us, just wait for a while." β
Fan Yang didn't blame her, the two of them went to the sofa and sat down, there was a stack of brand-new newspapers on the coffee table, there were seven or eight copies of the "Economic Daily" with different dates, which was a rare thing.
Xinin's side is closed to information, and the only newspaper, Xinina Daily, is divided into four languages, so there is nothing to see at all.
I picked it up casually, and I originally wanted to see if there was any relevant report of my own, but unfortunately, there was none.
Because the latest newspaper was also dated half a month ago.
It seems to have been mailed from out of town.
By the way, let's take a look at the stocks, and soon turn to the financial column, which says that the Shanghai Composite Index has risen to 1,550 points and the Shenzhen Stock Exchange Index to 1,355 points in the past six months, announcing that China's stock market has officially entered the first wave of the big bull market.
Below is printed in black and white with a large market candlestick chart, as well as the symbols and prices of each stock.
The first place on the Shanghai Stock Exchange is Feilo Audio, whose share price has fallen a lot after the issuance, and is now 158.32 yuan.
The second place is Tianqiao Department Store, with a share price of 42.10 yuan.
The leading stocks on the Shenzhen Stock Exchange are Shenzhen Development and Shenzhen Energy, with stock prices of 164 and 128.
The following column reviews the 810 turmoil on the Shenzhen Stock Exchange.
In fact, the development of China's stock market is relatively simple, and there are only two stock exchanges on the mainland, the Shanghai Stock Exchange and the Shenzhen Stock Exchange.
Shanghai and Shenzhen are 90 years of market opening, when the market first opened, the price was restricted, but also restricted trading, the Shanghai Stock Exchange only issued 8 stocks, Founder Technology, Radio and Television Electronics, Feile Audio, Ai Xiang Shares, Shenhua Holdings, ST Source Medicine, Shanghai Yuyuan, Yanzhong Industrial, called the old eight shares.
The Shenzhen Stock Exchange issued six.
The earliest batch of stocks, which only company insiders could buy, were issued in small quantities on the market, which was the earliest original shares, which increased dozens of times in two years, and the media began to build momentum to equate stocks with wealth.
92 was a turning point, the price restrictions and trading restrictions were lifted, the Shenzhen Stock Exchange issued 11 new shares, restricting 500,000 people from buying, and on August 10, the day the new shares were released, 1.5 million people poured in.
After that, the broader market plummeted, followed by a wave of wild gains.
It took two years for the Shanghai Composite Index to rise from 100 points to 1,500 points.
By the way, what is the Shanghai Composite Index.
This is a compass that reflects the macro market of stocks, and to put it simply, the average price of all stocks.
This price is based on the base price of the stock.
So what is the base price of the stock? 1 yuan.
However, the number 1 yuan and 1 is not accurate enough, so 100 points are used instead.
For example, when the Shanghai Stock Exchange opened in 90, the starting point of the Shanghai Composite Index was 100 points, which is the benchmark price of all 8 stocks, 1 yuan.
On the day of listing, it rose to 400 points, and then to 600 points, which is also called the broad market index, and by this time in 93, it has risen to 1550 points.
It proves that the stock market is very healthy, the average stock price is 1550 points, divided by 100, which is equal to the average stock price of 15 yuan.
When the Shanghai Composite Index is high, the market capitalization is high, the stock market is active, and most stocks are up.
However, in the economic downturn, in the event of any natural or man-made disasters or financial turmoil, most shareholders will have to cash out of the market, and the market value will decrease, and the stock market will decline as a whole, and the stock will fall.
The most basic thing to speculate in stocks is to look at the market, look at the Shanghai Composite Index, the higher the index, the greater the chance of profit, and the continuous rise is called a bull market.
If it continues to fall, it is called a bear market.
Historically, the Shanghai Composite Index peaked in 2007, rising to a high of 6,000 points, and has been relatively stable ever since, always around 3,000 points.
It also represents the average price of the Shanghai stock market, which is about 30 yuan per share.
Because of its proximity to Hong Kong, the Shenzhen Stock Exchange has purchased a large number of B shares, which has pulled up the stock index, and the number of points is higher than that of the Shanghai Stock Exchange, maintaining around 10,000 points.
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