It is said that the stock price of Yuyuan Garden Mall has caused a problem for the big screen of the Shanghai Stock Exchange, but fortunately, the market will be closed on Saturday the next day.

The stock market is closed, but the black market is not!

24 May 1992

Jia Lei led people slowly forward on the road, he didn't want to walk, because of a few streets near the securities company

Now it's all crowded with people speculating on black market warrants. There are no buses here, Jia Lei can only get off a few streets away, and go to the seafood palace restaurant, Jia Lei was walking on the road and suddenly saw a row of upside-down baskets on the side of the road.

"Huh, what is this? Why is there nothing in it except a broken cigarette case?" Jia Lei curiously walked over and circled the basket twice, but there was nothing special in it except for a cigarette case.

"What coupon do you want to sell?" Suddenly, a person came over from the corner of the wall and said to Jia Lei mysteriously, Mo Bei rushed over and blocked Jia Lei.

"What are you doing? Suddenly you came over and scared me to death. Jia Lei was startled and asked.

"You don't know what I'm doing, so why are you spinning around my basket?" the man asked, confused.

"Piling mold? Oh, it turns out that you are a scalper who pours securities? How do you know that I have a subscription warrant that I want to sell? What is the price of ten subscription warrants "tabula rasa" call warrants now?" Jia Lei asked, he just wanted to understand the market of retail investors.

"Huh, I didn't expect you to really have the goods? How about I pay 50,000 yuan for ten "tabula rasa" subscription warrants?" The scalper saw that Jia Lei was a child, and casually offered a price.

"Are you kidding me? 50,000 yuan? You can buy up to six tickets for this price. Jia Lei rolled his eyes and said.

"Yo! It turns out that you are an expert, so let's go to the side and discuss it slowly. The scalper said immediately.

"Then let's go!" Jia Lei nodded with a smile, and several bodyguards reluctantly pretended to be Jia Lei's family members to follow.

"How about 60,000 yuan for me? That's the current price. The scalper asked.

As far as I know, 100 serial warrants have been sold for 800,000 yuan. Jia Lei said.

"But you are only 10 serial warrants, how can you compare them with 100 warrants? Now the average price of each of the 10 serial warrants is only half of 100 warrants! The price I gave is kind enough, and you want me to make 8,000 yuan." The scalper said.

"It's okay for you to say that, you can bring the money and we'll clear the money. Jia Lei nodded and said.

"I can't clear this! I'm just an errand boy who doesn't have that much money on me, if you want to take the money, you'll have to come with me. The scalper said.

As soon as Jia Lei thought that what he said made sense, he followed him!

Anyway, he has four bodyguards with him, and he is not afraid of anything!

"Where are we going?" Jia Lei followed the scalper through the crowded black market of call warrants, and asked when he saw him drill into the nearby alley.

This road is full of three groups, five groups of trading crowds, everyone is bargaining fiercely, but the surprise is that everyone's voice is very small, some people are talking while looking around at the intersection, afraid that the police will come to arrest people.

"The black market trading of call warrants is being cracked down on, so none of us have the warrants and the money in our hands. You take out the warrant in your hand first, and if you really have something, I will take you to get the money. The scalper whispered.

"I have the warrant! Jia Lei pulled open a small slit in the travel bag that Mo Bei was carrying, and reached in and touched it for a while before taking out a small stack of warrants.

"This is my warrant, can we go now?" Jia Lei asked.

"Yes, of course. The scalper immediately smiled when he saw the dozen or so warrants and said that he didn't expect to catch a "big fish" today.

This scalper took Jia Lei to turn left and right in the alleys and alleys on the side of the road, and finally came to an inconspicuous little black house.

"Do you really have ten stock warrants?" said the little scalper sitting in the room.

"Okay, boss!" I saw a man wearing glasses come out with a magnifying glass and a flashlight, and look carefully at Jia Lei's stock warrant.

"What are you doing here? Do you suspect that my warrant is fake?" asked Jia Lei.

"This is a big deal of tens of thousands of yuan, of course, we have to carefully inspect the goods! Don't you know, there were fake subscription warrants on the market a while ago?" said the scalper with a frown.

"Impossible, this is a stock subscription certificate printed by the banknote printing factory, how can it be easily counterfeited?" Jia Lei asked in surprise.

"How is it impossible? Don't look at the fluorescent and gold threads on the top, in fact, it is not impossible to fake it. Just such a little thing is now a treasure, a few days ago won the second textile machine subscription certificate sold for 6,000 yuan, better than it sold for 8,000 or even 10,000 yuan. Now 100 US dollars is only equal to more than 5,000 yuan, and even US dollars are fake, let alone a subscription warrant?" said the third child while taking a magnifying glass to examine it carefully.

"When did that fake warrant appear?" Jia Lei immediately asked worriedly.

"It was in the last week. The third said.

"I see. Jia Lei frowned when he heard this.

Of course, Jia Lei's warrants were no problem, and soon the two sides reached a deal, Jia Lei bargained with the other party, and finally sold ten warrants for 65,000 yuan.

"This money is your bonus this month!" Jia Lei handed 5,000 yuan to Luo Nan after leaving the small black room, Luo Nan nodded and put the money away.

"The current situation is a bit bad, once the stock warrant is fake, it will have a great impact on the market. Mo Bei said worriedly.

"I don't have a good way, this kind of thing is not something we can manage. Jia Lei said helplessly.

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Because there are fake stock warrants on the black market, the large-scale warrant trading market in the Seafood Palace Restaurant is even more popular, and those speculators from Hong Kong, Macao, Taiwan or Southeast Asia are afraid of being deceived and choose to trade here.

"Jia Lei's call warrant price has risen again today!" After Ah Fei saw Jia Lei enter the door, the first thing he said was this.

"I expected it!" Jia Lei nodded and said.

"How did you expect that?" asked the little Jew.

"I just walked around the market below and found that there are already sporadic fake certificates in the market. Therefore, a call warrant like the one I have in my hand with a clear source will definitely become a sought-after commodity. Jia Lei said.

"Yes, who in the whole city doesn't know that the warrant sold from you will definitely not be fake, and now the people outside are lining up with money to give it to you. The little Jew said enviously.

"Speaking of money, you go outside and inform me that from now on my warrants will only accept bank certificates of deposit and checks. I won't just take the cash, we really can't count it. Jia Lei said.

"Oh! you should have done this a long time ago, I've already broken eight money printing machines. Little Jew said happily.

"How much is the money printing machine worth? I just think if we take cash again, there will be no room for it in this private room. Jia Lei rolled his eyes and said.

Because the price of the call warrant is too high, the price of 100 serial call warrants is now 800,000. Jia Lei sells at least 10,000 warrants every day, and the money has to fill the house. Jia Lei and the others can only sit at the door of the box with a small bench and talk......

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Monday, 25 May 1992

After a short break, the only 13 stocks on the Shanghai Stock Exchange opened at a rapid pace, and after Jia Lei watched the stock price rise, he began to slowly throw out all the stocks in his hand little by little.

"Strange? The stock in my hand accounts for a lot of market share, how can that group of retail investors eat it?" Jia Lei said with a frown and looking at the trading volume.

Don't forget, now the Shanghai Stock Exchange only allows locals in Pearl City to open accounts here, so the new outsiders are secretly speculating in stocks under the cover of local accounts. Those outsiders and foreigners have money, just tens of thousands of shares, and they can afford to eat!" said the little Jew.

"But now the stock price is so high, even the transaction volume of Yuyuan Shopping Mall is so large? Even if outsiders are rich, aren't those retail investors all outsiders?"

"Now stock accounts are too scarce, many units are raising funds to speculate in stocks, sharing a stock account, and some people will bring dozens of relatives and friends to raise funds and hold an account to join forces to speculate in stocks. People like them are called collective households in the market!" Ah Fei explained to Jia Lei.

"It's good that everyone makes money by speculating in stocks together, but what if we lose money? There will definitely be contradictions! Who came up with the idea of raising funds to speculate in stocks?" Jia Lei said with a frown.

"Because the sales department now wants to speculate in Pengcheng's stocks, and only accepts more than 200,000 yuan of capital entrustment, someone came up with the idea of raising funds to speculate in stocks, and these collective households began to grow from there. Little Jew said.

"200,000 yuan? This threshold is too high, I remember that when I left, 50,000 yuan could speculate on Pengcheng's stocks. Jia Lei said.

"Because Pengcheng's shares are cheap, everyone buys them! The securities company can't be busy at all, so they can only raise the threshold. Little Jew said.

"There have been a lot of things going on with this kind of joint account recently, Brother Zheng Yu and their police station, and now there are people going to lawsuits every day because of the stock account. Many people have already fought for money, and some people have sold the stocks in the collective account and ran away with the money themselves. Sanni told Jia Lei.

"You don't care about other people's affairs, now you listen to me and sell all the stocks in your hands, leaving only Yuyuan Shopping Mall. Others do the same!" Commander Jia Lei said.

"Why don't you leave only the stock of Yuyuan Garden Mall for sale?" asked Sanni puzzled.

"Have you forgotten? Two months ago, Yuyuan Shopping Mall had a shareholders' meeting to officially announce its reorganization, and generally speaking, in this case, the shares in the hands of our old shareholders are about to appreciate. We just need to wait a little longer, and we can make more money!" Jia Lei said.

"But what is this reorganization?" Ah Fei asked confusedly.

"I don't know how other companies reorganized? I only know that the reorganization of Yuyuan Shopping Mall means that more than a dozen companies have invested a lot of money in him. Those people want to dilute our shares with money, which is equivalent to giving us that money for nothing. Jia Lei said.

By the way, Yuyuan Garden Shopping Mall is the first listed company in China to restructure!

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The sharp rise in the stock market has worried the people above, because in just two days, the stock market has already risen for the next few years, and the Shanghai Stock Exchange has taken action to curb the frenzy of the stock market

After the market closed on May 25, 1992, the Shanghai Stock Exchange announced that it would prohibit the "collective households" who jointly bought and sold stocks to buy stocks, and only allowed them to sell the stocks they originally bought, and at the same time, in order to broaden the trading channels, they would soon open a temporary booth in the Cultural Square to accept the majority of investors to sell stocks, and the price of stock warrants on the black market fell from 800,000 to 600,000!

The Shanghai Composite Index began to decline sharply from the opening of trading on May 26, falling 120 points on the same day!

All 13 stocks plummeted as soon as they opened! Yuyuan Garden Shopping Mall even fell below 10,000 yuan!

"Oh my God, my stocks are falling, what should I do?" asked the little Jew, clutching his hair.

"Didn't I ask you to sell all the stocks in your hand yesterday?" Jia Lei looked at him in surprise and asked.

"This stock has risen so well, how can I be willing to sell it! After you said it yesterday, I only sold half of the stock in my hand, and I want to wait for it to rise again before selling. Little Jew said.

"How many times have I warned you? Don't mess around, you will follow what I say, but you always don't listen!" Jia Lei said with hatred as he looked at the little Jew.

"Ah! It's gone up! Look at the stock price of Yuyuan Garden Mall has risen again, and it has actually risen to 10,500 yuan a share!" There was a sudden commotion in the trading hall, and Jia Lei and the others hurried over.

I saw that in the miserable green, the stock price of Yuyuan Garden Mall went against the wind and soared wildly!

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"What the hell is going on?Why is the stock price of Yuyuan Mall rising so fast?" asked Ah Fei in surprise.

"There's new news in the newspaper, come and see!" suddenly a man outside burst in with a new newspaper issued today.

"What's the news?" the crowd asked.

"Yuyuan Garden Shopping Mall is going to be reorganized, and it will soon pay dividends and distribute shares. We're going to make a fortune!" the man said excitedly.

"What the hell is going on?" all the shareholders in the hall who had stocks in Yuyuan Mall asked excitedly.

"Don't worry, I'll read it to you!" said the man, holding the newspaper, and then he read it to everyone.

"According to the special resolution passed by the general meeting of shareholders of Pearl Yuyuan Shopping Mall Co., Ltd., the company as the main sponsor wholly joins Pearl Yuyuan Tourism Mall Co., Ltd."

"From the afternoon of June 13 to 14, 1992, the shareholders registered on the Pearl Stock Exchange on June 12, 1992 exchanged 1 share of the shopping mall company with a face value of 100 yuan for 18 shares of the Yuyuan Mall Company according to the asset appreciation rate, and at the same time placed 12 shares of the Yuyuan Mall Company with a face value of 10 yuan per share. The premium issue price of the placing shares in Yuyuan Mall is 80 yuan per share!" the man read aloud excitedly.

The room was so quiet that he could hear a pin drop while he read the newspaper, but as soon as he read it, the whole hall exploded. All the people who had the stocks of the Yuyuan shopping mall in their hands were crazy with joy, and even two elderly people were so excited that they had heart attacks.