"Well, since you asked, I'll tell you the truth. Your sister's marriage to Feng Jun is yellow. Hong Chen's father said helplessly.

"When did this happen? Why didn't you tell me?" asked Hong Chen with a frown.

"What's the use of telling you, letting you worry about your sister inside?" said Hong Chen's father.

"Even if it was useless to tell me at the time, then you should always tell me now, why is the marriage between the two of them yellow? As soon as I ask this question, you avoid me, is this matter related to me?" Hong Chen asked in a deep voice.

"The two of us divorced because of our discordant personalities, and it has nothing to do with you, brother. Hong Xia hurriedly said.

"I don't believe in this reason, if it's really such a simple reason, how can you hide it from me? You'd better tell me the truth! I'm out now, and I can't hide anything from me. Even if you can trick me now, I can find out the truth by going out and asking the neighbors. Hong Chen said.

"We're not going to hide it from you anymore! It's just that you just got out of prison today, and everyone is happy. Aunt Yang just doesn't want this matter to ruin your interest, and everyone plans to tell you about it in two days. Jia Lei hurriedly explained to the Hong family, and the people around him immediately nodded in agreement.

"So, Hong Xia's dismissal is really related to me?" Hong Chen asked as he stared at his father.

The Feng family said that they didn't want their daughter-in-law to have an elder brother who was in prison, and they disliked that our family had a labor prisoner, so Feng Jun and Hong Xia divorced and broke up. After Hong Chen's father said this, he covered his face with his hands in pain.

In fact, Feng Jun's mother hesitated before she quit the marriage, and she came to me and said that if our family could prepare a dowry of 10,000 yuan for Hong Xia as a dowry, this marriage could still continue...... , It's just that in the future, our family will try to meet Hong Xia as little as possible!" Aunt Yang sighed and said.

"Mom...... When did this happen, how come I don't know?" Hong Xia suddenly raised her head and asked.

"Because it didn't work out, we don't want you to break your heart again. Your mother didn't tell you, but in fact, the main responsibility for your divorce lies with me and your mother! Don't blame your brother?" said Hong Xia's father.

"If you had told me about this earlier, I would have scolded the Hong family! How could they be so shameless and actually want a dowry of 10,000 yuan? Our family is not a 10,000 yuan household!" Hong Xia suddenly touched the tears on her face, stood up very angrily and said.

"They think that your brother used to pour treasury bills, and he could save a sum of money. Aunt Yang said sadly.

"Dad, don't blame yourself and Mom! With a character like Feng Jun's family, it's a good thing that Hong Xia didn't marry in the past. Hong Chen comforted his parents and said.

"Ah Chen, you don't know, your father was old and confused and came to our house to borrow money. Although your second aunt and I have a few dollars in our hands, the money was all used to help Dasha pay off the loan shark. I couldn't help Hong Xia make up the dowry!" Ms. Jin said.

"I understand my aunt, in order to repay the loan sharks, we were not very wealthy! My brother poured all the money into the treasury bills. Hong Xia said.

"Fortunately, none of us had enough money at that time, I think even if we are rich, we can't be cheap Feng Jun's villain. Little Jew said.

"Mom, don't worry, I will definitely help my sister find a better boyfriend when I come out. In the future, I will cover the dowry for my sister's marriage, and I will definitely let her marry in style. Hong Chen suddenly knelt down and swore to his parents.

"Brother, I'm still young, so I'm not in a hurry to marry my predecessors! You are older than me, you should keep the money for yourself as a wife and marry a wife. Hong Xia hurriedly said to him.

"Wife?" Hong Chen heard these three words, and suddenly stood up and returned to his room and began to rummage through the cabinets to find things.

"Mom...... Where did you put my wife's Ben?Is it that blue bag?" Hong Chen searched for a long time but couldn't find what he was looking for, so he hurriedly ran out and asked.

"Oh, I forgot about it if you didn't mention it, you wait! Mom will get it for you. Aunt Yang stood up and said.

Then Aunt Yang immediately returned to her room, took the key to open the box, and took out a thin stock account from the bottom of the box.

"Here, your wife is here, and my mother is afraid that your two sisters-in-law will beat your wife's idea, so she hides it. I didn't tell anyone!" Aunt Yang said as she handed the stock account to Hong Chen.

"No, what is this? My wife is obviously a stock?" Hong Chen asked puzzled with the stock account.

"Ah Chen, you have been in prison for the past two years and don't know the changes outside, the black market trading of this stock in the past two years was particularly powerful, and the people on the stock exchange spoke. Let everyone hand over all the physical stocks in their hands and exchange them for stock accounts, otherwise the securities transaction will not be transferred when buying and selling stocks. Mom can't help it! I asked Jia Lei to find someone to help you hand over the stocks in your Yuyuan Garden Mall, and then the stock account was sent to you. Don't worry, your wife is not missing, and all of them are stored in this account. Aunt Yang patted her son's hand and said.

＊＊＊＊

In fact, Huaxia is the first country in the world to realize paperless trading of stocks, which is worthy of the name and can be recorded in the history of finance!

At that time, due to various reasons, the Pearl Stock Exchange had to launch an unprecedented, unprecedented, paperless stock trading model.

Back then, the huge black market trading of stocks on the streets of Pearl City gave the exchange a headache, and at that time, the front of the trading door was full of people trading on the black market of stocks, and the streets were full of "scalpers" who resold stocks.

At that time, the Shanghai Stock Exchange set up a clearing department, which was responsible for transaction transfer and other affairs. When the exchange first opened, people had to bring a large number of physical shares to the Shanghai Stock Exchange to go through the transfer procedures after the market closed every day.

At the beginning, when the trading volume was small, they still used suitcases to carry money and physical stocks, and then the stock market rose sharply, and the trading volume of the Pearl Stock Exchange reached more than 10,000 transactions per day.

Investors who come to go through the transfer procedures can only use sacks to fill money or physical shares, and the staff is busy until the second half of the night, which brings great pressure to the normal operation of the exchange. During this period, the manager of the exchange happened to be sick and hospitalized, and before he could find out about the situation, the exchange had difficulties in settlement and all kinds of chaos.

For example—

At that time, stock trading was a counter entrustment, and the seller first had to deposit the physical stock in the counter of the securities business department before trading, and then the securities company handed over the stock to the exchange.

Because there are too many physical stocks and too many chaotic ones, and the exchange has few people, there are various emergencies such as losing stocks and not being able to find them in the process of moving around.

At the beginning of its operation, there were only more than 20 seats on the Pearl Stock Exchange to handle transactions, and each of the securities companies below had to aggregate the stocks and money traded every day to the exchange.

At that time, in order to prevent short buying and selling, the state stipulated that investors must take the stock to the counter of the securities company before they can sell it, and the money can only be bought after the counter is handed over.

The intermediate process of stock trading is all after the counter of the securities company and the exchange are matched before the transaction can be traded.

At that time, the stock trading of listed companies was T+3 trading, that is to say, you placed an order on T day, and the transaction result could not be known three days later.

At that time, due to the immaturity of the computer trading system and the obstacle of the registration and transfer system, it took more than half a month for the Pearl Stock Exchange to complete a stock transaction at that time.

At the beginning of its opening, the Pearl Stock Exchange had only more than 20 seats to process transactions, and there were only 25 members in total at the time of opening, which was completely unable to cope with the demands of thousands of investors.

The Shanghai Stock Exchange still relied on the blessing that there were only eight stocks listed on the Pearl Stock Exchange at that time, which barely survived.

Fortunately, the stocks of the Shanghai Stock Exchange were only local transactions and there was no such thing as non-local trading, so the Shanghai Stock Exchange was not dragged down by the huge stock trading volume!

So the managers of the Shanghai Stock Exchange learned from the pain after being discharged from the hospital!

Decided to create your own paper trading system!

The specific steps to create this paperless trading system are as follows.

On July 8, 1991, the automatic transfer of ownership by computer was implemented

On July 27, 1991, the stock account for the exchange of shareholder name cards was implemented, and the old and new methods were adopted to alternate operations.

On September 2, 1991, a new regulation was implemented, and only shares can be sold with a shareholder name card, but not into shares.

On September 16, 1991, the Pearl Stock Exchange announced that there would be no physical stock trading of listed stocks.

On September 16, 1991, it was stipulated that investors must use a stock account to buy and sell stocks, and the shareholder name card was abolished.

So far, the Pearl Stock Exchange has completed the trading of listed stocks without physical shares, and the name paperless trading appeared later.

＊＊＊＊

Of course, the above few sentences are simple, but in fact, it is very difficult to actually do this.

For example, in May 1991, the stock exchange began to recycle physical shares, which was the first step towards paperless trading, which at the time could be described as quite difficult.

Why, you ask?

At that time, the investors were all old industrialists and businessmen, workers and workers of various units, most of them were middle-aged and elderly workers with low education level, and everyone hoped to have a physical certificate in their hands, so that everyone would be sure.

Therefore, even if the stock exchange issued a notice asking all shareholders to hand over the stocks in their hands, few people handed them over.

Shareholders don't hand over their stocks, and the exchange has no choice, it can't go to others to grab it!

Of course, it was not only shareholders who opposed paperless trading at that time, and when the exchange first asked everyone to trade stocks, everyone disagreed, and there were great opinions from all sides......

"This stock is our private property, so why should we give it to you?" said the stockholders.

"If we don't print stocks, what do we eat?" was the opinion of the banknote printing plant.

"You take the stock, how do I know if the shareholder has any stock in his hand when I buy and sell? When I buy it, everyone spends 10,000 yuan to buy the stock but I don't get anything? I don't get any money when I sell it. Shareholders came to us to explain what to do? What do you tell me to do about this?"

The internal affairs of the financial system can be solved internally, but the most difficult thing to face is the society, where shareholders are unwilling to pay and the stocks cannot be collected.

At that time, it took four full months to collect 30%-40% of the shares issued by eight listed companies.

The Shanghai Stock Exchange is in a hurry!

With physical stocks, black market trading in stocks cannot be eliminated.

Finally, on October 16, 1991, the stock exchange issued a notice, saying that after half a year of paperlessness, we would complete it and no longer accept shares.

For those who didn't turn it in?

Sorry, the stock exchange has a new rule that investors who do not have an account are not allowed to enter the market. At that time, in the process of paperless trading, you could only open a stock account if you turned in your stocks.

That is to say, shareholders can not hand over the shares to the exchange, but it is useless for shareholders to take physical stocks in their hands without an account, and they cannot be traded on the over-the-counter black market, and the transaction is illegal, and the securities company will not transfer the account to you.

This means that if you don't turn in physical stocks, you can't buy and sell, if you can't buy and sell, you can't make money, and black market trading securities companies are useless if they don't transfer them.

The stock market began to rise just after the order was issued in '91, so everyone began to hurriedly hand over the physical stocks.

The black market of stocks, which was originally arrogant and prosperous, died in a small stock account.

＊＊＊＊

May 21, 1992

For ordinary people, May 21, 1992 was an ordinary day. But for all the shareholders in China at that time, this was a day that could go down in history!

Because on this day, the Shanghai Stock Exchange released an explosive news that stimulated the surname, and the Shanghai Stock Exchange announced that it would fully liberalize the stock prices of all stocks on the Shanghai Stock Exchange, and at the same time cancel the limit on the rise and fall of all listed companies' stocks, and implement the "T+0" trading rules.

In other words, from this day on, stocks on the SSE can be bought and sold at will.

There is no limit to the price increase,

There is no limit on the share price,

There is no limit to the number of transactions and the time of the transaction.

The stock market was stimulated by this exciting news, and the Shanghai Composite Index opened 842.6 points in an instant from the previous day's close of 617 points!

Early in the morning of May 21, all the trading points of the three major securities companies in Pearl City, "Shenyin", "Wanguo" and "Haitong", were surrounded by stockholders who rushed to trade.

"Brother, what are you bringing me here for?" asked Hong Xia as Hong Chen took her hand and hid in the protective circle that the little Jews surrounded them.

"Brother is here to get you a dowry!" Hong Chen turned back to his sister and said.

"What kind of dowry are you coming here to get me?" asked Hong Xia as she huddled in the crowd puzzled.

"Are you so stupid? You still haven't seen it, your brother has stocks in his hand!" Jia Lei shouted to Hong Xia, who was hiding beside him.

"You say my brother has stocks in his hand? How is this possible? He has been in prison for the past two years, where are the stocks to buy?" Hong Xia asked puzzled.

"Haha...... You should thank me for this, when I went to buy stocks, your mother took your brother's money and bought them with me. Jia Lei said with a smile.

"Then how many stocks did my brother buy?" asked Hong Xia curiously.

"Oh, you two stop talking, watch your surroundings! Don't get overwhelmed by the crowd!" said the little Jew's barely propped up protective circle.

It's not that they don't work hard, it's that there are too many people on the scene!

If you are accidentally stepped on by the crowd, you really can't run away if you want to.

"Bang!", "Bang!".

Sure enough, when there are too many people, something happens......

The railing at the entrance of Haitong Securities Company was crowded by the crowd, and the scene was completely out of order, and the crowd began to pour into the trading hall excitedly.

＊＊＊＊

"My feet! my feet can't reach the ground. Jia Lei shouted, they were now completely pushed by the crowd.

"Jia Lei, grab my arm and climb on my shoulder. Dasha stretched out an arm to Jia Lei and said.

Jia Lei grabbed his arm in a panic and climbed onto his shoulder. Jia Lei condescendingly glanced at the audience and found that the situation was serious.

"My God, there are tens of thousands of people here!" Jia Lei said in surprise.

"What should we do now?, can we still go out?" asked Hong Chen, protecting his sister, worriedly.

"I don't know! The last time a stock was issued, some elementary schools were surrounded by crowds for two days and two nights. Little Jew said as he struggled through the crowd.

"I knew we wouldn't come!" Jia Lei said with special regret.

"Even if I had known, I would have come! Didn't you see that the price of the second textile machine had risen to 249 yuan a share? When it was listed two months ago, the subscription price was only 38 yuan, which has risen almost eight times. Now if I can sell it, I'll make a lot of money!" said the little Jew excitedly.

"What are you still thinking about making money at this time? Let's save our lives, right?" Jia Lei said with a sad face.

Because the stock price has been completely liberalized in the past, everyone has been psychologically prepared for the sharp rise in stocks.

10 minutes before the opening of the market, 6 kinds of new shares are at the par price of 18 to 25 times the price of the buy order, but the volume is almost none, only the second textile machine at 249 yuan to trade 60 shares, the seller obviously thinks that the current stock price is too low. And the high price of stock call warrants is not proportionate!

At that time, except for Shenhua Electrician, the other general declines in the old eight stocks, Jia Lei saw this and immediately commanded Dasha to rush in and swept away all the low-price sell orders.

"Don't squeeze everyone, if you squeeze any more, there will be an accident!" the employees of Haitong Securities Company shouted desperately to stop the crowd from continuing to squeeze into the securities company.

"No, who of them is willing to listen to us now! The director said anxiously.

"It can't be managed! Even if we don't do business today, we must not have an accident! Someone, pull the electric switch on the big screen for me, we won't do business today. Let everyone disperse......" said the manager of Haitong Securities Company through gritted teeth.

If they don't do business, they just lose some money, and if something happens, they are responsible.

As soon as the electric switch is pulled, the big screen will go black!

The shareholders present quarreled for a while, and could only disperse helplessly.

Let's go to several other securities companies immediately!