Chapter 584
The three of them chatted for a long time, until the food was cold, so they went to reheat the pot again.
Speaking of Su Miao and Su Yuanzheng's intention in coming to Shanghai, Zhu Guoming asked hesitantly:
"Miao Miao, you're a college student. Do you think this pie-in-the-sky thing can really happen to us ordinary people? Can you really get something for nothing?"
Su Miao said seriously, "Uncle Ming, this isn't pie in the sky. This is economic, and it's a method recognized by the state. As far as I know, some people have already started buying stocks in recent years."
Zhu Guoming nodded and said, "I did hear that some people bought stocks, but I know some employees at Yuyuan Shopping Mall. The shares they hold were not purchased, but allocated by their companies. They were not happy about it at the time."
Su Miao's eyelids twitched, and he asked, "Uncle Ming, do you know anyone who has original shares of Yuyuan?"
"Original shares? What does that mean? I only know that they allocated shares to employees and said that those who received them were shareholders of the company.
When they first received their stocks, they were quite upset. They felt that a piece of paper was no match for real money. They even complained that the stocks were worthless. Some even sold them at a low price.
But now, hearing that the price will go up in the future, they are holding on to it like a treasure, and those who sold it are all slapping their thighs.”
Su Yuanzheng smiled and said, "This is human psychology. We always feel uneasy about things that we can't see or touch.
I don't really understand what it is, but from my perspective, stocks are simply shares of a company. If business is good, they naturally become valuable."
Zhu Guoming frowned and said, "But the problem is, how can ordinary people like us understand all this? The newspapers keep talking about 'shareholding reform' and 'capital market', which makes me dizzy. What if I buy the wrong stock? Wouldn't my hard-earned money be wasted?"
Su Miao took out a copy of the Economic Daily from his backpack and pointed to a piece of news:
"Uncle Ming, please read this report. The country has clearly stated its intention to develop the securities market, and the Shanghai Stock Exchange will officially open soon. This isn't speculation; it's a legitimate investment channel permitted by the state."
However, the stock market is risky, so investors should be cautious when investing. They should conduct thorough research and then balance their investments based on their own financial circumstances."
What Su Miao didn't say was that the "Yuyuan" that Zhu Guoming had just mentioned was one of the great "Old Eight Stocks".
It became popular as soon as it was listed and set many records. In 1992, the share price of "Yuyuan" exceeded 10,000, setting a sky-high price in the history of my country's securities trading and was hailed as "China's No. 1 Stock."
Because the maximum unit on the Shanghai Stock Exchange's display screen was only in the thousands, it was not even possible to display the specific amount at that time.
However, the concept of "stocks" has not yet become popular, and early investors may have simple investment methods and a one-sided understanding.
But at this time there is a kind of self-confidence and courage to face the future, and their courage has indeed been rewarded.
At night, Su Miao lay in bed unable to sleep, her mind full of thoughts about stocks. According to her thoughts, she was more inclined to buy "Yuyuan", after all, the future rise was obvious.
She felt that she came a little late. When the original shares were issued in 1988 at 100 yuan per share, no one was interested and they could not be sold out, so she had to distribute shares to employees.
For a period of time thereafter, there were only sporadic transactions at the securities counter, with an average daily trading volume of less than 10 lots.
After two years of fermentation, most of the original shares are basically in the hands of employees and some institutions.
Now is the eve of the establishment of the Shanghai Stock Exchange, and many original shareholders with a keen sense of smell have locked up their positions. The actual circulating shares are less than 10% of the total share capital, making it difficult for ordinary investors to buy them.
However, regardless of whether she can afford it or not, she has to go and see first and buy whatever she can. After all, whatever she buys now will skyrocket in price later, it’s just a matter of when to buy it.
As soon as the sky was getting light, Zhu Guoming took Su Miao and Su Yuanzheng out.
The winter in Shanghai is damp and cold, the street lights are dim, and the white air exhaled condenses into mist in the air.
Su Yuan was driving, and Zhu Guoming was giving him directions, his tone tense:
"I heard that the securities counters are no longer as deserted as they used to be. People start lining up before dawn. We have to hurry, or we won't be able to get a number if we're late."
But when they turned Nanjing West Road and saw the entrance of Jing'an Securities' business department from afar, the three of them were stunned - the line had stretched from the iron gate to the street corner, and the crowd was crowded together.
Some people were wrapped in cotton jackets and taking naps on the small stools they brought with them, some were stamping their feet to keep warm, and some were drinking hot water from thermos cups, but their eyes were fixed on the direction of the business department.
Zhu Guoming said with a dry throat, "There are so many people here? It's only half past six."
Su Yuanzheng went to park the car, and Su Miao and Zhu Guoming hurried over to line up.
There were more men than women in the line, and the person in front of Su Miao happened to be an old lady in her fifties or sixties.
Su Miao smiled and said to her, "Grandma, you got up so early in such a cold day."
The old lady was very particular about her clothes and looked like she came from a well-off family. She answered without any defense:
"Of course! I'm going to buy stocks. I heard from the older sisters that if I put my pension money in, it will double in the future."
Su Miao rubbed his red, frozen hands and said:
"I see. I heard about it, but I only heard half of it. I don't know what it is yet. I'm here to take a look. Do you think we can buy it today?"
The old lady's face instantly fell, and she said worriedly:
"I don't know! They said Yanzhong sold 50 shares yesterday! They were sold out as soon as the market opened! I don't think it will be the same today."
Seriously, they asked me to buy it last year, and I was afraid it would go to waste. Now, I want to buy it, but I can’t buy it anymore!”
A middle-aged man in a woolen hat at the back of the line interjected, "I heard some people started lining up last night. Buying stocks right now is harder than buying a large gold bar. If you're late, you won't even see a glimpse of the stock."
Su Miao handed the two of them some soft ginger candies and said, "We'll have a long wait, so have a piece of ginger candy to warm yourself up."
Because Jing'an had not yet opened, everyone had to wait there. The line was like a frozen snake, neither moving forward nor backward. No one gave up because of the cold weather.
Every once in a while, there would be a commotion in front. Some people would be pulled out and scolded for cutting in line, while others would jump around in place because their legs were numb from standing for too long.
After waiting for a long time, the sky was bright and the iron door of the business department had just opened a crack when the staff shouted at the top of their lungs.
"Today, Yuyuan listed 30 shares, Yanzhong 50 shares, and the other stocks didn't have much volume either. Those at the end of the list shouldn't wait any longer!"
The crowd exploded instantly, pushing and shoving forward. Su Miao was carried forward a few steps by the crowd. Zhu Guoming and Su Yuanzheng quickly withdrew from the pressure behind them and helped Su Miao stand firm.
I heard a scolding voice coming from the front: "*****, I've been waiting in line all night! Please tell me where the sales are!"
"I don't care. I'm going to queue up. Maybe the people in front of me will only buy one share, and I'll buy up all the rest."
A man holding a big bag was muttering. Su Miao felt that the bag was probably filled with cash, as he looked like a big stock trader.
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