Chapter 7: The First Pot of Gold

As soon as the market opened in the morning, Yu Ming first opened an account at the Treasury Bills Exchange, then converted all the Treasury bills into electronic bookkeeping accounts, and went through the procedures for telephone entrustment transactions, and then took the bullet train back to Xiangyang City at 5 o'clock in the afternoon. The next morning, the price of Treasury bills jumped high and then pushed up, indicating that all the shots were made as planned.

Yu Ming sold 4 treasury bills of Shanghai West Railway Station at a price of 11,800 yuan; 47200

30 Qionghai Interchange Treasury Bills were sold at a price of 1138; 34140

94 Treasury bills of Shangjing West Station were sold at a price of 118 yuan.

A total of 92,432 yuan was returned, and after deducting the principal of 63,000 yuan, he earned 29,432 yuan in a few days, which was the first time Yu Ming made money from business after crossing to the vast continent.

Yu Ming was very excited, although he did not believe in God, he also thanked God in his heart.

After Yu Ming returned to Xiangyang, he rested for a night, and at 10 o'clock in the morning the next day, he received a text message reminder from CCB, and the dragon card received 76,000 yuan.

Yu Ming looked at the date before getting off the plane, and today is Thursday, January 10, 1991.

From the time the copyright is registered to the time it is sold, it takes 39 days.

That afternoon, Yu Ming received another SMS reminder from CCB, and 95,000 yuan was credited to the Dragon Card.

The copyrights of the two songs registered by Yu Ming were all bought out at one time, and 171,000 yuan was obtained.

Coupled with Yu Mingcun's salary in the past few days, there is a total of 267,000 yuan on the Dragon Card.

With so much money, Yu Ming decided to do Treasury bill business for a while.

Yu Ming took a week's leave, and used the 267,000 yuan of funds to resell treasury bills every day, and even traveled all over the villages and towns of Xiangyang County, almost once every two days to the provincial capital Wuhan.

Later, due to the stabilisation of the trading price of treasury bills and the fact that the purchase price of treasury bills was getting higher and higher, it had become unprofitable, and Yu Ming made more than 50,000 yuan from the beginning of the purchase and sale of treasury bills to only a few thousand yuan in the end, and after selling the last purchased treasury bills on January 17, 1991, Yu Ming recovered a total of 380,000 yuan, and returned the borrowed 30,000 yuan to Li Ruozhu and suspended the business of reselling treasury bills.

Through this resale of treasury bills, Yu Ming's funds increased to 350,000 yuan.

At this time, the Huaxia stock market has been open for nearly a month, and Yu Ming finally has time to pay attention to the stock market.

Although the vast continent is technologically advanced, the stock market is still a new thing in the vast continent, and the stock market in the United States has a history of less than 200 years.

Before the stock market was established, stocks were controlled by stockbrokers, large and small, in various countries. After the establishment of the stock market, most stockbrokerage companies were transformed into securities companies, collecting handling fees from shareholders and collecting stamp duty on behalf of the state.

There is currently only one stock exchange in Huaxia, called the Kyoto Stock Exchange, which was established on December 19, 1990, and the stock market also opened on this day, the opening point was set at 100 points of the Kyoto Index, and the opening price of the day was 96.05 points, and the closing price was 99.98 points.

On the opening day of the Kyoto Stock Exchange, there were only 8 local stocks listed in Beijing, namely: Yanzhong Industrial (stock code 600601), Vacuum Electronics (stock code 600602), Yuyuan Mall (stock code 600651), Aixiang Electronics (stock code 600652), Jinghua Electric (stock code 600653), Feilo Co., Ltd. (stock code 600654), Yuyuan Mall (600655), Phoenix Chemical (600656).

In the following month, five Shanghai stocks were listed on the Kyoto Stock Exchange, namely: Shanghai Development (stock code 800001), Shanghai Vanke (stock code 800002), Shanghai Jintian (stock code 8000003), Huanda (stock code 800004), and Shanghai Yuanye (stock code 800005).

Because the technology of the vast continent is much higher than that of the earth, unlike the earth, which has just started to use paper trading, the stock is electronic bookkeeping at the beginning of the listing.

At present, there is only one securities trading hall in Xiangyang City called Galaxy Securities, which is on Jianshe East Road.

There is a threshold for opening an account in the stock market, and the threshold is not low, and you must have a principal of 50,000 yuan to open an account.

Yu Ming's dragon card has 350,000 yuan, and it is naturally no problem to open an account, Yu Ming went through the stock market account opening procedures on January 18, and the dragon card account is a stock fund account.

After opening an account, you can trade online, you can also trade by phone, and of course, you can also trade by card on the computer in the securities trading hall.

Yu Ming checked the current situation of the Kyoto index:

Wednesday, 18 January 1991.

The Kyoto Index opened 133.7 points at 134.24, down 0.01%.

Although there are not many people involved in stock speculation, Huaxia has a population of 5 billion, even if only 1% of people speculate in stocks, it is still an army of 50 million stockholders, and there are not many people who speculate in stocks, and they may buy fewer stocks.

When the stock market opened, except for the initial fear of new things, the stock market experienced a brief decline, from the opening of the Kyoto index of 100 points to 96.05 points and then quickly rebounded, the current Kyoto index is 100 points higher than the stock market open, has risen 34.24%.

Since the number of Chinese shareholders is relative to the number of stocks currently listed, it is a typical monk with more porridge and less porridge, which shows that the stock market is long-term.

Yu Ming is ready to open a position in stocks tomorrow, because there are not many stocks to choose from, basically buying any stock will make money, as long as you choose a stock with better performance and more active stocks.

Relying on the memories of his previous life, Yu Ming decided to buy the shares of Yuyuan Mall.

The par value of Yuyuan Mall's shares at the time of listing was 100 yuan, so the share price was higher.

Because the Chinese stock market is still a new thing, the transaction is scarce, January 17 is this day is Thursday, the stock price of Yuyuan Mall has not appeared even 1 point fluctuation throughout the day, the price of 554 yuan has drawn a straight line throughout the day, the stock trading volume of Yuyuan Mall throughout the day is only 164 shares, Yu Ming only bought 100 shares, spending 56,000 yuan of funds.

There are still 294,000 yuan left on the dragon card.

Yu Garden Mall was suspended for three days from January 18, 1991 to January 21, 1991.

The market opened for one day on January 22, then closed for eight days or no trading for the whole day, and only opened on January 31, 1991.

Yu Garden Mall's stock was always intermittent in trading days throughout 1991, and there were rarely five consecutive days of complete trading.

……