Chapter 373 Good News Keeps Coming
Du Jiaqi decided not to sell the stock subscription certificates; he would instead work with Yao Shuli on stocks.
Yao Shuli is right. Anyway, they're young now. What's wrong with seventeen-year-old boys causing a little trouble? Maybe they'll come up with something amazing!
Although Du Jiaqi's uncle felt it was a pity, he still respected Du Jiaqi's idea.
"Okay! It's good that you follow Yao Shuli. After all, that kid has a different relationship with the Gu family."
The path he took must have been planned by Grandpa Gu.
However, Jiaqi, if you make money from stocks in the future, you must deposit it in the bank near your uncle's place!
As you know, banks are under considerable business pressure right now.
Also, ask Yao Shuli if he needs a loan. If he does, his uncle can help him arrange it and he'll definitely be able to get a substantial loan.
You know, loan interest rates are much lower now than before…
Du Jiaqi immediately agreed.
After dealing with his uncle, Du Jiaqi immediately asked his parents for money.
The couple were initially reluctant, but Du Jiaqi said that he would definitely not ask his family for a single penny when he got married.
Du Jiaqi's parents thought about it and realized that since the money in the savings account was originally meant for Du Jiaqi, it would eventually end up going to Du Jiaqi anyway.
Although they were still a little reluctant, if they didn't give it to their son and he missed the opportunity, they would be blamed by him for the rest of their lives!
So the couple thought about it all night and finally gave Du Jiaqi 10,000 yuan.
"If we lose money, it's on Mom and Dad; if we make money, it's all yours!"
Du Jiaqi happily promised that he would buy his parents a big house when he made money in the future, so that they wouldn't have to squeeze into the small apartment allocated by their work unit.
...
As time went by, it seemed like everyone in Shanghai was talking about stocks.
Even Gu Xiaoman, who wasn't particularly interested in money or stocks, started discussing it with Yao Shula.
"Now a subscription certificate is being sold for a thousand dollars. You really made the right choice to buy one back then!"
“Yuyuan Mall is doing quite well too!” Yao Shula added.
"Yes, yes, yes! Yuyuan Mall is doing really well too! You have such good taste, you're really going to make a lot of money!" Gu Xiaoman quickly gave Yao Shula a thumbs up.
"It's not me who makes money, it's our clothing store that makes money."
"Whether it's the Yuyuan Mall or the subscription certificates, they were all bought with money from our clothing store; it's the store's money," Yao Shula corrected.
"Okay, okay, thank you for helping me make a fortune!" Gu Xiaoman said with a smile.
Yao Shula chuckled.
"Actually, it wasn't my achievement! It was all arranged by Shuli. I just followed along and did the work."
If we're talking about who's really good, then our Shuli is the best!
"Yes, yes, yes! Shuli is amazing! The other day when I went back to my parents' house for dinner, my grandpa and older brother kept praising Shuli!"
They say Shuli is a little genius; she hits every point so perfectly!
"So you're not going to care when I sell the stocks and warrants?" Yao Shula asked.
Gu Xiaoman immediately shook her head.
"Why should I care about that! It's your business, whether you make money or not, I won't care."
Once we make money, let's spend it and have some fun, maybe even go abroad?
If we don't make any money... we'll just keep running the clothing store; the money they make is enough for the two of us."
Yao Shula truly admired Gu Xiaoman and was also somewhat envious of her.
This is what a true heiress from a wealthy family looks like; she's never had to worry about money since she was a child.
“Okay, I don’t care. Making money is Shuli’s forte. From now on, we’ll leave this to Shuli. The two of us will just keep the clothing store!” Yao Shula also decided to give up.
Gu Xiaoman expressed her support.
Earning money is too tiring, let Yao Shuli handle it! Shula has been so good to him, now that he's grown up, he should treat his sister better!
...
May arrived quickly, and the entire city of Shanghai exuded the scent of money.
The price of the subscription certificate really did rise to five thousand yuan per certificate to everyone's astonishment...
Those who previously complained that 1,000 yuan a piece was a bit expensive have all shut up now...
At this rate, it's bound to reach ten thousand!
Neither Yao Shuli nor Yao Shula were in a hurry.
Yao Shuli still rides her bicycle and carries her schoolbag to the finance school every day.
Yao Shula also opens her shop on time every day, and at most she turns on the radio to listen to the news.
Yao Shula gets happy whenever she hears that the stock market is booming and subscription warrant prices are soaring.
When she's in a good mood, she'll give customers who come to buy clothes a bigger discount.
Yao Shuli had also discussed with Yao Shula whether or not to sell the subscription certificates.
Yao Shula's meaning was clear: "You handle it!"
"Big sister, how about this? I'll help you sell a hundred tickets, that way you'll have more cash on hand."
"The remaining one hundred subscription certificates will be reserved specifically for those who win the lottery to buy stocks," Yao Shuli suggested.
Yao Shula agreed.
This is fine too!
In this way, Yao Shuli sold 100 subscription certificates at a price of 6,000 yuan each.
He had just told Du Jiaqi to spread the word when Du Jiaqi's uncle called.
One of his clients wanted to buy all one hundred subscription certificates...
Six hundred thousand in one afternoon...
...
On May 21, 1992, the introduction of a policy further fueled the already booming stock market...
On this day, the Shanghai Stock Exchange gradually lifted restrictions on stock trading prices, removing the daily price limits.
You can make a stock rise as much as you want in a day, and similarly, you can make it fall as much as you want.
This news has once again fueled the already booming trading market.
Similarly, on this same day, T+0 trading was implemented.
You can buy and sell the same stock an unlimited number of times in a single day, which stimulates stock market activity.
Stimulated by these two news items, the Shanghai Composite Index opened sharply higher. The previous day, the Shanghai Composite Index was 617 points, and on May 21, the Shanghai Composite Index closed at 1,266 points.
The index rose by 105 percent in a single day.
Under everyone's watchful eyes, the Shanghai Composite Index achieved a single-day doubling...
Yao Shula was astonished as she listened to the data coming from the radio.
All those predictions of stock market booms from later generations pale in comparison to this day...
The T+0 policy has driven up the prices of those stocks continuously.
On May 26th, Yao Shula asked Gu Xiaoman to watch the shop while she went to the securities company with Yao Shuli.
Today, the Yuyuan Mall is extremely active...
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