At six o'clock, the sky was already bright, the sun shone in through the gap in the curtains, and the sound of cars of different lengths woke Li Bayi. At this time, in Nanzhong, it should still be dark outside.

Liu Guilin also woke up, and after a brief tidying up, the two sorted out the stocks and other valuables and stored them in the safe at the main desk. Then I went outside for breakfast, and when I rushed to the Shanghai Stock Exchange, the exchange had not yet opened, but there were already many people in the square.

The business hours of the exchange are generally 9:00-11:30 a.m. and 1:00-3:00 p.m., specifically, 9:15-9:25 a.m. call auction, 9:30-11:30 continuous bidding, and 1:00-3:00 p.m. are also continuous bidding. For example, statutory holidays must be closed, Saturdays and Sundays must be closed, and other rest times must be seen in the announcement.

Li Bayi bought a copy of the Shanghai Securities News at a newsstand, wanting to learn about the latest stock market information, but also hoping to awaken more vague memories.

When the exchange opened, the two of them also got into the middle of the stockholders, and listened to them talk about some stock market conditions, national policies, and some gossip behind the scenes, and by 11 o'clock, the stock market still did not change much, almost undisturbed, Li Bayi knew that the stock exchange kept the news of the full liberalization of stock prices tomorrow very secretive.

In fact, the opening of the stock price of the Shanghai Stock Exchange this time was very sudden, and the reason was Wei Wenyuan, the general manager of the Shanghai Stock Exchange, a very remarkable and responsible figure.

Liu Ji, vice premier of the State Council, held a forum in Guangxia and invited the Shanghai and Shenzhen stock exchanges to report on the stock market pilot project. At the meeting, Liu Ji criticized the Shanghai Stock Exchange. When Wei Wenyuan heard about this incident when he returned from a trip to the United States, he held back his strength.

The Shanghai Stock Exchange announced that starting from February 18, Yanzhong Industrial and Feilo Co., Ltd. will try to cancel the price limit system and flow control, and completely liberalize the stock price for free trading.

A pool of stagnant water is like a stone thrown into it, and it is a big stone, so the silent pool of water makes waves, and the fish begin to rise to the surface to breathe.

However, to further liberalize the stock price, the biggest resistance comes from the management, and the leaders of the relevant departments do not approve or disagree. In the end, Wei Wenyuan and the others were forced to be anxious.

Wei Wenyuan decided to take this risk personally. He first discussed with Wu Yalun and several other middle and high-level executives within the exchange. Wei Wenyuan said: "It's up to me to decide, I'll do it." He asked everyone to be silent, saying, "It has nothing to do with you, it's up to me to decide." ”

Very manly.

On April 13, the 43rd year of the Republic of China, the Shanghai Stock Exchange made major amendments to the stock trading rules: First, the price limit of some stocks was relaxed on a trial basis, and from that day on, the price limit range of the three stocks of Electric Vacuum, Zhejiang Phoenix, and Xiaofeile was changed from 1 percent to 5 percent; Second, all listed stocks have abolished the original three-thousandths flow control method.

This was a decision made by Wei Wenyuan and his superiors without notifying any department.

Of course, Wei Wenyuan is not blind and bold, he knows that it is very risky to do so. So, the night before the stock price was liberalized, he wrote a letter to the executive vice mayor and vice mayor of Shanghai overnight.

In the letter, he talked about the lifeless situation of the Shanghai stock market and indicated that the market was dying and could not be let go. He wanted to say hello to the city leaders through this letter: I put the stock price down, and you can find me if you have any questions.

Wei Wenyuan's risky move suddenly made the market come alive. The stock rose, the trading volume increased sharply, and it was also affirmed and commended by the municipal party committee and municipal government.

In fact, the limit on the rise and fall of the stock market is a system that the stock market of the Republic has slowly explored on its own, and there is basically no such restriction in the stock market in the United States and Europe.

Naturally, there is no concept of a limit or a limit in overseas stock markets.

First, under the influence of the planned economic system, at the beginning of the establishment of the Shanghai Stock Exchange in 1990, the government approved the listing of only a few stocks on a pilot basis, which obviously did not conform to the laws of the market and artificially led to a serious imbalance between supply and demand. Second, under the influence of thousands of years of imperial power and the rule of foolish people, the Chinese people have a very heavy habit of following the trend.

In order to stabilize the overall situation and prevent the financial system from being disturbed, many of the state's policies are "crossing the river by feeling the stones", first selecting pilot projects, and then gradually promoting and liberalizing.

According to Wei Wenyuan's original design, the steps are to take small steps and walk quickly, so as not to have too much impact on the market at once. Therefore, from the beginning of February to today, the Shanghai Composite Index has only risen from more than 300 points to 617 points, which has not had a great impact on the market and has developed very steadily.

However, because the mayor's instructions affirmed Wei Wenyuan's approach, the higher-level authorities decided to fully liberalize the stock price and make great strides.

And this is the first opportunity after Li Bayi's rebirth, and his first pot of gold will be dug up here.

May 21, 43rd year of the Republic.

This is a day of historic significance for Shanghai's financial circles. For Li Bayi, it was the beginning of his business empire and the foundation of his future towards the turbulent political arena.

Early in the morning, the three major securities companies in Shanghai, "Shenyin", "Wanguo", and "Haitong", were crowded with people, and the traffic around them was jammed.

There was a lot of noise and uproar, and countless police officers were dispatched to seal off the four corners of the square, evacuating vehicles and maintaining order. But all this still could not stop the enthusiasm and expectation of thousands of shareholders, and Haitong had to turn off the trading dynamic display screen because the iron railing was crushed.

Li Bayi and Liu Guilin got up very early, got up at about five o'clock, and stayed at the door of Wanguo Securities after eating breakfast, so they were not squeezed in.

Seeing this kind of crowded scene, Liu Guilin was shocked: "Oh my God! There must be hundreds of thousands of people. ”

At nine o'clock, the exchange opened the iron gate, and in the "squeak" sound, the electric tempered glass door was also retracted on both sides.