For the Chinese stock market, the rise and fall is always a tight spell on the heads of stockholders, and it always adjusts when the government needs to control the stock price.

So much so that most of the old stockholders know the future direction of the stock market as soon as they see the adjustments made by the rise and fall!

It is said that back then, it was in March 1992 when the rise and fall really showed its power.

Since the New Year's speech, the leader called for speeding up the progress of the financial market and boldly advancing the pace of liberalization. The Pearl Stock Exchange began to accelerate the pace of progress in the financial market.

Since we want to let go and increase the pace, the first thing to let go must be the stock price and the rise and fall of the stock!

According to the tradition of our country, no matter what new regulations are, there must always be a pilot before they are implemented. Therefore, before the implementation of the new regulations, the stock exchange first selected two stocks on the stock market for pilot.

And the two stocks that were singled out for pilot are Yanzhong Industrial and Feilo shares.

These two stocks are two very representative stocks, for example, Feilo shares were the only fully tradable shares in the market at that time, and the other Yanzhong Industrial was the smallest stock in circulation among listed companies.

Before the stock price is released

At that time, the stock of Yanzhong Industrial was a ten-yuan share with a par value of 10 yuan per share, and its closing price was 98.90 yuan before Yanzhong Industrial opened its stock price on February 17, but the opening price of the stock price on the 18th was 148.80 yuan, which rose by nearly 50 yuan at once, and such a huge increase was really surprising.

And the skyrocketing price of 92 stock warrants also began on this day! Because the stock has risen, it is natural that the price of stock warrants as a ticket for stock speculation will rise.

But this explosion is just the beginning!

After the opening of the market on February 18, the share price of Yanzhong Industrial continued to rise, so that the closing price of Yanzhong Industrial reached an astonishing 168.40 yuan, which means that the stock of Yanzhong Industrial rose by 70.27% on the same day, and the other experimental stock Feile shares also reached an increase of 46.56% on the same day.

The skyrocketing of the two stocks on this day is a day when the rise and fall of stocks really shows its power!

21 February 1992.

In just three days, the share price of Yanzhong Industrial broke through the 200 yuan mark!

Then the stock prices of these two stocks rose every day, and on the tenth day of the stock price, the share price of Yanzhong Industrial broke through the 300 yuan mark, and the price of the stock call warrant rose to 7,000 yuan a piece.

By March 12, Yanzhong Industrial's share price reached its peak of 380 yuan, which was only 18 trading days before the stock price was liberalized, and Yanzhong Industrial's share price more than doubled in price on February 18.

This astonishing increase made the people who preemptively bought Yanzhong Industrial shares very proud after the stock price was released, and everyone felt that the stock price of Yanzhong Industrial would continue to rise.

At this moment, it is also the time for Shanjiuzhai to spend 8,000 yuan to buy the stock subscription warrant after the lot, because of the soaring price of Yanzhong Industrial and other stocks, the price of the stock subscription warrant that did not win the lottery has also reached 3,000 yuan.

The manager of the Shanghai Stock Exchange at that time also deliberately published an article in the newspaper to remind shareholders of this matter, and publicly put forward a risk warning to investors to prevent small and medium-sized retail investors, old men and women, wage earners and other citizens from rushing into the market to chase the rise and fall.

The manager at that time even shouted the slogan of wolf!

But at that time, everyone was blinded by the banknotes, and no one listened to the advice of the government, and continued to speculate on Yanzhong Industrial!

It's a pity that it's too much!

After the share price of Yanzhong Industrial reached a peak of 380 yuan, the stock price began to turn around and plummet......

Now the wolf is really coming!

＊＊＊＊

20 March 1992

"Jia Lei, what do you think I should do? My stock has fallen a lot, and the stock of Yanzhong Industrial has fallen to 350 yuan in just a few days. Can you help me figure it out?" the little Jew complained in Jia Lei's house.

"What can I do? The stock price rises and falls is not something I can control, if I want to say that the stock price of Yanzhong Industrial is too high! It is not worth so much money at all, and it is okay to fall or fall!" Jia Lei said as he packed his clothes.

"What do you mean by that, do you think the stock price of Yanzhong Industrial will fall?" asked the little Jew in surprise.

Now its stock price is 10 times its par value, and the price has been inflated too much. The price-earnings ratio is hundreds of times higher! I advise you to listen to the words of the exchange and the government, and quickly sell the stock to cut the meat to protect the capital!" Jia Lei said.

"Then wouldn't I have lost money! I didn't buy 380 yuan when I was going to sell it, and now if I want to sell it, the stock price is only 348 yuan, and I will lose nearly 30 yuan per share. The little Jew said distressedly.

"What are you talking nonsense? I remember when you bought this stock, the stock price was less than 240 yuan! Now that you sell it, you can make at least 100 yuan per share. How can you say that you have lost?" Jia Lei asked with a frown.

"I didn't sell at the highest point because I felt like I was losing! Or I'll wait until the stock price returns to 380 yuan?" said the little Jew after a moment's thought.

"I advise you not to expect too much, I don't think the stock price will rise for a while, and it would be good if it could stop falling. Jia Lei said with a frown.

"Can you help me predict the future rise and fall of this stock price?" asked the little Jew hopefully.

In his heart, Jia Lei can be regarded as a real "stock god"!

Jia Lei's prediction of the rise and fall of the stock has not been missed once!

"I'm sorry, I really don't know about this......" Jia Lei said helplessly.

Jia Lei's understanding of the stock of Yanzhong Industrial only stopped at knowing that it was one of the eight old stocks of Mingzhu, and then ......

And then there was no more......

This legendary stock was later acquired by other companies and renamed early, and Jia Lei is unclear about its subsequent situation. Especially this stock didn't have much of a bright spot in his previous life, and Jia Lei didn't pay much attention to it in his last life.

In a word, Jia Lei is not familiar with this Yanzhong Industry!

"I really can't help the little Jew this time! I can't guess what his ups and downs will be in the future. Jia Lei said helplessly.

"What am I going to do in the future? Should I sell this stock or not?" asked the little Jew.

"What else can you do now? Of course, you can sell the stock and cut the meat to save the capital! You can still make 100 yuan per share now. It's not a loss!" Jia Lei finished speaking, buttoned the box, and then stood up.

"Do I really want to sell it? Or do I think about it again? Maybe in two days the stock price will go up again. The little Jew said hesitantly.

"Then don't think about it for too long, something will happen after a long time! I have something to go abroad recently, and I can't help you for the time being, you have to weigh it yourself!" Jia Lei handed over the luggage to Luo Nan after speaking, and prepared to go out.

"Are you going abroad again?" asked the little Jew.

"Yes, I'm going to go abroad soon! My uncle called two days ago to urge me, and it will be too late for me to leave today. Jia Lei nodded and said.

"If you're gone now, what will happen to your stock warrants?" asked the little Jew.

"I have already bought the first batch of shares that won the lottery! Now there are still more than two months before the second lottery on June 5th, and I just have time to go abroad. It's too late for me to come back in June!" Jia Lei said.

"I don't understand why you have to go abroad at this time? According to the current market price, the value of the stock warrants in your hand has reached 3 to 500 million yuan. Is there anything abroad that matters more than money?" asked the little Jew, puzzled.

"Of course there is, I'm in a hurry to share the world's largest inheritance! That's all good stuff, and it's too late to go. Jia Lei said solemnly.

"The world's largest inheritance, what's there in there? You can't be kidding me, are you? I haven't heard of you being related to the richest man in the world?" asked the little Jew, rolling his eyes in disbelief.

"I'm going to share the inheritance and it has nothing to do with the richest man in the world! I'm going to share the legacy left by the Soviet Union this time, and I've done a lot of work to do it. When it comes to this last critical moment, how can I not pick the best inheritance for myself and bring it over. Jia Lei said.

"Do you want to share the Soviet legacy, just because you little hairy kid wants to share it? What can you get with your little body? Are you dreaming?" asked the little Jew in disbelief.

"Airplanes, tanks, artillery, ships, factories, enterprises, mines, everything left by the Soviet government is now being divided. Maybe I'll get you a plane back this time!" Jia Lei said proudly.

"Come on! As far as our country's conditions are concerned, we won't let you fly a plane if you have one. Little Jew said.

This is unreliable when you hear it!

"If you don't get out of the way, then you can only buy a ship......," Jia Lei said with a frown when he heard this.

"If you do what you said, why don't you buy a tank cannon?

"I'm a pacifist and refuse to buy this bloody stuff! Jia Lei said with the corners of his mouth twitching.

"As long as you're a pacifist, I think you're just a braggartist! I don't believe you can buy any planes and cannons, and if you want to say that you can take advantage of the chaos to buy a boat and come back, I think it's a bit reliable. Little Jew said.

"I won't talk to you, I still have to catch a plane!" Jia Lei said with a glance at the watch on his wrist, and then he left in a hurry.

"I don't know what Jia Lei is going to do when he leaves in such a hurry? Could it be that he is really going to buy a plane?" said the little Jew who stayed where he was.

Of course, Jia Lei's words about buying planes, cannons, and ships, the little Jews don't believe a word.

＊＊＊＊

"Boss, is it too late for us to leave?" Luo Nan asked nervously.

"Of course it's in time! But don't go with me this time, I'll just go myself. Jia Lei thought about it and said.

"But if I don't follow you, who will keep you safe then?" said Luo Nan disapprovingly.

"Don't worry, Kerr and Bor will pick me up at the Kazan airport. Jia Lei said.

"Boss, are you really sure that the airport in Kazan is ready for use now?" Luo Nan asked worriedly.

"Don't worry, I'm 100 percent sure it will work! Kazan Airport has to welcome a lot of distinguished guests these days, and my uncle and his uncle have already cleaned up the airport. Jia Lei said.

"Then I'll be relieved! When you get there, you must call us home." Luo Nan instructed.

"Okay! I remember. Jia Lei nodded and said.

Then he walked into the airport......

＊＊＊＊

In other words, why did Jia Lei leave a stock warrant worth hundreds of millions and go to Tatarstan to live or die.

The reason for this is because tomorrow is a particularly important day in the history of Tatarstan.

21 March 1992

On this day, the government of Tatarstan launched a referendum on national independence, allowing the people of the whole country to vote on whether to separate from country E.

As a result of the vote, 61.4 per cent of the country's 3.8 million people wished independence.

"Uncle, we succeeded!" Jia Lei said as he stood at the bottom of the venue and looked at the voting results.

"yes! We've finally made it. Utarus said with emotion.

"But I don't think things will go so smoothly, and the government of country E may not agree to our independence so easily!" said Utars worriedly.

"The result and process of your independence referendum are completely in accordance with international law! And for the sake of this independence referendum, even if the people of the country do not want to recognize the result, I am afraid they will not be able to bear it. Jia Lei said confidently.

"Thanks to your good idea!" said Utars, complimenting Jia Lei.

"I'm just giving an opinion, it's up to you to do the specifics. I really didn't help much!" Jia Lei said.

"Don't be modest! We all remember your merits, and this time you are indispensable. Wu Tataru happily patted Jia Lei on the shoulder and said.

"That's good, as long as you can do what you agreed upon, then I'll be satisfied. Jia Lei said with a happy smile.