After sitting at the entrance for another ten minutes or so, Lin Yifeng saw that the entrance was no longer crowded, so he got up and entered the securities trading hall.
Inside the central hall, various LED boards hung around, displaying the stock market trends over the past 12 hours. The hall was already packed with people, all finding seats and starting to calculate with their banknotes.
Lin Yifeng found an empty window seat and sat down.
"Open an account."
"Hello……"
The salesperson at the transaction window paused slightly, seemingly shocked by Lin Yifeng's youth, before smiling and offering a reminder.
"You need to fill out a form here and submit your bank card. There's also a 40 yuan account opening fee, you see..."
Without giving the salesperson a chance to speak, Lin Yifeng handed over his ID card and bank card, with a hundred-yuan bill tucked underneath.
The salesperson paused for a moment, then repeatedly confirmed with Lin Yifeng.
"Hello, Mr. Lin Yifeng."
"My system checks show that you have not registered with our exchange yet."
"We'll charge you a 40 yuan account opening fee. Are you sure you want to register with us?"
Lin Yifeng nodded, his gaze fixed on the stock market panel in the distance.
"Sure."
After confirming several times, the salesperson finally pushed a form out of the window for Lin Yifeng to fill out.
After all the formalities were completed, the salesperson also introduced Lin Yifeng to the buying and selling windows at the stock exchange.
Lin Yifeng took the account he had just opened, found an empty seat, and began to think about how to start making purchases.
Just then, a familiar person walked up to Lin Yifeng.
"Boss, are you planning to buy stocks?"
Which one are you rooting for?
"I can help with the analysis."
Lin Yifeng turned his head in the direction of the voice and saw the man in the white shirt who had been outside just moments before.
The man had a bright smile on his face and was very enthusiastic.
Lin Yifeng was not surprised by the man's arrival.
After the Shanghai Stock Exchange opened in 1991, one very famous profession emerged: securities analysts, or securities analysts.
Most of these people's jobs involve helping to analyze stock trends, providing buy recommendations, and earning commissions in return.
Don't be fooled by the fact that these people seem to be selling insurance, searching for potential clients everywhere; their income is quite substantial.
Back when the average monthly salary was only a few hundred yuan, most of these people earned between 1,500 and 2,000 yuan, not including additional commissions.
In this day and age, it would definitely be a high-paying job.
This profession also comes in different types, and some individuals are trained by specialized companies.
Individuals typically charge individual investors a commission per transaction, and these are generally private individuals.
A dedicated company is a group of people trained by the brokerage firm to help potential clients buy stocks.
The main difference lies in the vastly different channels these two groups use to obtain information.
"Individual? Or..."
Lin Yifeng raised an eyebrow.
The man was taken aback when Lin Yifeng asked him this question, and hurriedly took out his work ID from his pocket to show it.
"Hello, I am Li Si, an analyst from the Shanghai Chamber of Commerce."
"I'll let you consider this."
"I'd like to ask if you need my help."
Lin Yifeng leaned back in his chair, glancing at the panel not far away, and gestured for Li Si to explain the current stock market.
Li Si also enthusiastically introduced the stock market in Shanghai.
Unlike the stock market in Shenzhen, Shanghai has had the concept of the "Old Eight Stocks" since its inception.
These are eight original stocks: Yanzhong Industrial, Vacuum Electronics, Feilo Acoustics, Aishi Shares, Shenhua Industrial, Feilo Shares, Yuyuan Mall, and Jiangzhe Phoenix.
In addition to these eight basic stocks, there are also newly added stocks this year such as "Chlor-Alkali Chemical" and "First Food".
"Boss, we usually recommend that you purchase Yanzhong Industrial and Vacuum Electronics."
"These two stocks have seen relatively slow growth in the short term, but in the long run, a downward trend is unlikely."
"It depends on whether you, boss, are planning a long-term or short-term strategy."
Li Si's expression was serious.
Although Lam Yat-fung looks very young, he does not show any contempt.
Having worked in the industry for over a year, he knew very well that many people who entered this hall to buy stocks had enough assets from the bank to crush them to death.
However, he was now curious about which family's young master Lin Yifeng, who was so young and spoke with a foreign accent, was and had suddenly decided to get involved in stocks.
But Lin Yifeng countered with a seasoned question.
"These two?"
Is there any news?
Li Si's expression froze for a moment.
He quickly understood what Lin Yifeng meant.
In their securities trading circle, in addition to regular brokers, there is a group of brokers who can obtain inside information.
This group mainly uses their connections within the exchange to get information earlier when the market is closed, thus deciding which stocks to buy the following week.
Li Si looked at Lin Yifeng with shock in her eyes.
He couldn't believe that someone who had only recently registered here would ask such a question.
Li Si's expression was solemn.
To be honest, the chamber of commerce behind him makes money from this, and they will also give advance notice to their subordinates so that they can help the chamber of commerce attract shareholders.
But seeing how young Lin Yifeng was, he was unsure whether he should give him this information and make money from Lin Yifeng.
These days, insider information is practically nonexistent.
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