Xiang Huaqiang nodded upon hearing this; a smart person doesn't need to say more.
Three days later.
Chen Dong arrived at the First Securities Company of Mingzhu City, the headquarters of Wanguo Securities Company.
Wanguo was a synonym for early securities in China.
"Wanguo Securities, the Kingdom of Securities!"
Wanguo Securities is currently enjoying unparalleled success and is poised to dominate the market.
At this point, getting a meeting with the CEO of Wanguo Securities would be harder than climbing to heaven.
However, Chen Dong had his own methods.
Through President Li Aiguo's connections, and after several twists and turns, I finally got in touch with General Manager Guan of Wanguo Securities and arranged to meet today.
Chen Dong smiled and said some trivial things to General Manager Guan.
Now let's get to the main topic.
The Shanghai Stock Exchange will be established in just a few days.
This is proof that China's path of reform and opening up to the world remains unchanged, because the stock market is considered to be part of the capital world.
Chen Dong expressed great anticipation for this, saying that whether history has a corrective function can be seen in just a few days.
Next.
The two naturally began discussing the first batch of stocks to be issued by the stock exchange, known as the "Old Eight Stocks".
A few years ago, Mingzhu City began to plan a shareholding system pilot reform, mainly for large and medium-sized state-owned enterprises, and selected eight enterprises to carry out the reform.
The stocks of these eight companies were later known as the "Old Eight Stocks".
After the establishment of the Shanghai Stock Exchange, the "Old Eight Stocks" were among the first batch of stocks to be listed on the exchange.
The subsequent issuance of a large number of new shares brought a wealth feast to Mingzhu City.
Among the thousands of stocks listed on the Shanghai and Shenzhen stock exchanges, more than 16 stocks will reach a price of 1,000 yuan after adjusting for stock splits and dividends.
This includes bonus share distributions, share transfers, new share issuances, and dividends distributed in various periods.
Four of the stocks with adjusted share prices exceeding 10,000 yuan are from the original eight stocks.
Huashen Holdings, in particular, reached tens of thousands of yuan.
This also reflects the frenzy in the stock market.
If you had bought shares of Huashen Holdings or Shenzhen Development Bank for 1,000 yuan back then...
You don't have to do anything, and in twenty or thirty years you'll have earned tens of millions, which is comparable to winning the lottery.
But the number of shareholders who actually receive the final return is less than one in ten thousand.
However, none of these are problems for Chen Dong.
When the Shanghai Stock Exchange was first established, subscription certificates were not required to buy stocks.
Later, due to the profit-making effect, the market became too hot, and restrictions had to be imposed, which is the origin of subscription certificates.
At the time, many people called the subscription certificate a "wealth certificate".
Buying a subscription certificate doesn't guarantee you'll win the lottery, but once you did, the price of a subscription certificate was driven up to 10,000 yuan.
Chen Dong didn't want to waste his energy buying subscription certificates.
The reason it's here is to verify the butterfly effect.
......
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