Rebirth 1991: My Financial Era

The construction of Shenzhen City in the 80s and the construction of Shanghai City in the 90s were two great decisions that created two super urban agglomerations.

The Shenzhen market is in a corner, which is called growth. Shanghai City is the leader in the Yangtze River Delta, which is called revitalizing the stock. The Yangtze River Delta has been the core economic essence of Flower Country since ancient times.

Of course, you can take a boat from Wucheng to Shencheng, but it is more convenient to take a train. Wucheng is the thoroughfare of nine cities, with trains to all parts of the country.

In 1991, the wave of migrant workers across the country had not yet begun, and trains were not so crowded, but the sleeper class was different. If it hadn't been for Sun Renwu's intervention, Sun Chen would never have been able to enjoy the benefits of a sleeper berth. Even though it was a hard sleeper, it was much better than a hard seat.

Sun Chen and Zhang Xiping were holding luggage respectively. Of course, Sun Chen was holding luggage and Zhang Xiping was holding cash. In this era, it is necessary to carry cash when doing business, and there are many incidents of petty theft.

Both of them were dressed plainly and cautiously. Sun Chen was in front, and Zhang Xiping was walking behind to protect him secretly.

Along the way, Sun Chen and Zhang Xiping alternated night duty and arrived in Shencheng without incident.

Sun Chen took a taxi after getting off the train, went straight to the stock exchange, opened a stock account, and then rushed to the Wanguo Securities Sales Department.

The Shanghai Stock Exchange opened in December 1990. Currently, only eight stocks on the Shanghai Stock Exchange can be traded, and it is not yet connected to the Shenzhen Stock Exchange.

The stock market in 1991 was a combination of bull and bear. The first half of the year was a bear market, the second half of the year was a bull market on the Shanghai Stock Exchange and a bear market on the Shenzhen Stock Exchange.

The current price limits are 0.5% and 1%. Starting from September 9, only the 30% price limit will be allowed if the turnover rate of outstanding shares exceeds three thousandths.

Among the old eight shares, Vacuum Electronics has the largest market share, with less than 5000 million shares in circulation, and only 320 million shares in Yuyuan Mall. The entire Shanghai Stock Exchange Index is not large in size.

For stock trading, you need to fill in the order form first, and it will take 4 trading days to confirm whether the transaction has been completed.

Sun Chen plans to buy Vacuum Electronics. Although the price increase is not as high as that of Yuyuan Mall, the market size is large and the liquidity is good. In this era, individual investors can buy and sell stocks worth tens of thousands of dollars at most. This time he brought 180 million with him, and it was difficult to get in and out with small bills.

Just like the famous Yang Wanwan, the total number of shares he bought at the beginning was only 3000 shares of Vacuum Electronics, and he was already a big investor that caused a sensation in the Shanghai stock market.

Vacuum Electronics' stock price fluctuated around 7 yuan in July.

Sun Chen and his group arrived at the window after queuing for a while.

Sun Chen took out his ID card to apply for the entrustment, and Zhang Xiping took out cash, which attracted a lot of attention from the scene.

Thanks to the junior high school teacher, his ID card is now 18 years old.

Sun Chen has a net worth of 190 million. He spent 180 million to buy Vacuum Electronics. The entrustment price was 400 yuan, the number of entrusted shares was 4500, the entrustment was at market price, and he paid a deposit of 180 million.

Sun Chen filled out the order form and deliberately wrote the investor's name as a tertiary industry company.

The counter counted the money for a long time, and after double-checking, gave a receipt.

Sun Chen carefully put him in the folder and handed it to Zhang Xiping. This thing is his wealth and life. If he loses it, his life will not be saved.

"Xiao Chen, after we finish shopping, shall we buy tickets and go back?" Zhang Xiping asked Sun Chen about his arrangements.

"Brother Ping, don't worry, we haven't visited Shanghai yet, and we have to wait four days to know whether the deal has been completed."

"Okay, where to now?"

"Find a quiet place and call Director Li."

"Okay, there is a public phone booth outside the business hall."

Looking for Li Chuxian is of course financing. The stock market without leverage has no soul!

The call was quickly connected, and Li Chuxian's voice came: "Hey, which pot(s)?"

"Uncle Li, it's me, Sun Chen."

"It's your little lucky star. Uncle Li has to thank you. The branch's business case won the award. I have been worrying about this for several years, so I have some hope!"

"Congratulations to Uncle Li, we will treat you to dinner when we return to Seoul."

"I'll invite you this time! Are you on a business trip?"

"I'm about to report a new business to you. Do you want to do stock pledge financing?"

"Stock pledge financing? I've never done it before. Do you want to eat soup again?"

"Yes, we are in Shanghai, and stocks can only be traded in Shanghai. It's too troublesome."

"Well, I would like to try, but Wucheng can't trade yet, so there are difficulties for the time being." Li Chuxian felt a little sad.

"Is that so? Uncle Li, can you help introduce friends in Shanghai?"

"Let me think about it, well, during the training at the head office, I had a good chat with Mr. Zhu, a manager from Shanghai. I will find you the contact information."

After a minute, Li Chuxian picked up the phone and said, "Please write down your contact information."

"Thank you, Uncle Li. You are truly our great nobleman."

Sun Chen hung up the phone, threw in another steel coin, and then called President Zhu.

"Hello, hello, Ali?" came the rich baritone with a soft accent.

"Hello, President Zhu, I am a friend of the luggage manager of the Hankou branch. He recommended that we contact you to do some business. I don't know if it is convenient or not."

"It's convenient. Come over anytime." Mr. Zhu was very easy-going.

"Okay, thank you, President Zhu. We will visit your bank at two o'clock."

Sun Chen skillfully dealt with the two bank presidents, leaving Zhang Xiping stunned for a moment.

The two had a simple meal at noon. Sun Chen ordered scallion noodles for himself, and large-scale noodles for Zhang Xiping.

Sun Chen bought two boxes of West Lake Longjing at the tea shop and visited Mr. Zhu at home. At this moment, the tea leaves are not yet hard at work. In the tea market of the previous life, green sprouts produced anywhere could be fried into more than a dozen varieties.

Mr. Zhu’s name is Zhu Shichang. He has a medium and slightly stout figure. He wears a plaid suit and looks very energetic.

When everyone sat down, President Zhu said: "Old Li from Hankou is also very polite. He called me specifically to tell me that he wants to do a new business with you."

"President Zhu, that's it. You can't buy and sell stocks in Wushi yet. It's inconvenient for President Li, so I recommended him to you. Sorry to trouble you!" Sun Chen first explained the ins and outs clearly.

"We are the bridgehead. Please tell us the details."

"It's very simple, it's a stock pledge. We put the stock certificate with you as a pledge, and you lend money at a discount to the market price."

"Oh? This is a new business. I've never done it before. Have you brought your stock certificate?"

"I brought the entrustment certificate, but I have to wait a few days for the stock certificate." Sun Renyu took out the entrustment document and handed it to Zhu Shichang.

"Oh, your business is not small." Zhu Shichang sighed with emotion. He only bought dozens of shares, and Sun Renyu's order was 4500 shares.

"It's a small fight, please support me!" Sun Renyu handed over the tea leaves.

"It stands to reason that the business is not complicated. Have you brought the company's information?" Zhu Shichang was a little unsure.

Sun Renyu brought over the tertiary industry company information again.

Zhu Shichang looked over the information twice, returned it to Sun Renyu, and said, "To be honest, I'm a little unsure about the new business. I need to call the branch to ask for instructions. Please wait in the conference room."

A stylish little girl took everyone to the conference room.

An hour later, Zhu Shichang walked over quickly and said happily: "Congratulations to Boss Sun, welcome to our bank to handle your first stock pledge financing business!"

"Great, President Zhu is indeed a reform pioneer!" Sun Renyu was very happy.

"I wonder what the pledge rate is?" Sun Chen asked. This is the core point.

"In view of the actual situation of your company, the pledge rate is temporarily discounted by 6%."

"Thank you, President Zhu. I hope we can cooperate for a long time. Then, can we open an off-site account with you?" Sun Renyu asked another question. He really didn't want to continue resisting large amounts of cash and taking the train.

"No problem." Zhu Shichang turned around and called his secretary, "Xiao Song, take Boss Sun to go through the account opening procedures."

"Boss Sun, come to me directly when you get the stock certificate. What do you think?"

"No problem, I won't disturb your work. Goodbye!"

"See you next time!" President Zhu waved with a smile.

How great it is now that we can engage in innovative business with just one phone call. Sun Chen lamented that technology had advanced in his previous life, but an innovative business could not be finalized without demonstration for three to five months and more than a dozen seminars.