In March, Grandpa Qi called me, and his voice was a little excited:
"Wenjuan, those warrants you bought have really gone up in value. A few days ago, a few bosses from the south came to our company, saying they wanted to buy them back at a high price. They kept pestering me, asking if I could sell them to them at a higher price."
Upon hearing this, Xu Mengyao responded firmly, "Grandpa Qi, you absolutely cannot sell it! What did you tell them at the time?"
There was a hint of pride in Grandpa Qi's voice:
"I told them that the subscription certificate was bought by my goddaughter, who is now in Anhui Province and has taken all the items with her. All our neighbors know about it."
"That's good," Xu Mengyao breathed a sigh of relief.
"You must not sell the sixty-six certificates I left for you. I will go to Hai City in May. Before I get there, you must hide the subscription certificates and never sell them." She reminded him again and again.
"Okay, okay," Grandpa Qi agreed readily. "Don't worry, I know what's important and I won't do anything rash."
Earlier, Xu Mengyao spoke with Chen Chen on the phone. Chen Chen told her that after the Spring Festival, the management department had counted that only 40% of the sales target of the subscription certificates had been achieved, with only 2.07 million certificates sold, and the rest were all destroyed, which greatly increased the winning rate.
A group of wealthy investors from the Shenzhen Stock Exchange even set up stalls in front of the Workers' Cultural Palace, offering 60 yuan each for their subscription certificates. This tempted many to sell their shares. News of the deal sparked speculation on the black market. The new share subscription certificates were issued using a one-time purchase, valid for the entire year, with repeated draws, allowing winners to win again. Suddenly, those with certificates became highly sought-after, driving prices ever higher.
"Wenjuan, the price of a subscription certificate has now risen to 650 yuan. What do you plan to do with your subscription certificate? Sell it or continue to hold it?" Chen Chen asked on the other end of the phone.
"Neither selling nor buying," Xu Mengyao said decisively. "All my savings have been used to buy warrants, so I don't have any extra money to buy stocks. But if you're interested and have enough money, you could consider buying some stocks first."
"I'd better forget it," Chen Chen hesitated. "I don't have that much time to pay attention to the stock market right now. I still have to go to class."
"Then don't answer the call from the securities company. Remember to tell me the news in the newspaper as soon as possible. I will notify you when it is time to take action." Xu Mengyao gave advice.
"Okay, I understand." Chen Chen responded.
At the Chen family's house, sunlight streamed through the windows onto the ground, adding a touch of warmth. Wu Ma was busy in the living room when the phone suddenly rang. She expertly picked up the receiver:
"Hello? The young master is not here, and the old master is not here either. You don't need to call again."
After saying that, he hung up the phone.
At this time, Chen Chen's grandfather came out of the study, frowning slightly and asked:
"Why are you so rude? What's the call?"
"Master, it was the young master who ordered it. It's the call from the securities company." Aunt Wu answered respectfully.
Grandpa Chen nodded slightly and then ordered:
"Go and get him."
Not long after, Chen Chen walked into the living room and asked calmly, "Grandpa, are you looking for me?"
"I heard from Aunt Wu that there have been a lot of calls from securities companies recently?" Grandpa Chen's eyes were gentle, but there was a hint of curiosity in his tone.
"Yes, I used my savings to buy some stock subscription certificates, but I never used them. The price has gone up now, and they want to buy them back, but I don't think the time is right yet." Chen Chen explained, his tone carrying the confidence and steadiness that only a teenager could muster.
Grandpa Chen's eyes flashed with approval when he heard this: "Oh? You've started studying stocks? Not bad, you're more promising than me and your father. No wonder your great-grandfather likes you. Then you can make your own decision."
Chen Chen nodded slightly, turned around and left the living room.
The current regulations of the stock market are that a stock's share price is only allowed to rise or fall by 1% on the same day when the turnover rate of the stock reaches 0.3% or more.
However, most stock holders were unwilling to trade their stocks easily, resulting in a typical situation where there was volume but no market, and the stock price of Yuyuan Shopping Mall continued to rise.
In order to expand the market, in April, the Shanghai Stock Exchange adjusted its price limit policy and completely abolished the 0.3% flow control of listed stocks, which allowed the price of subscription certificates and the Shanghai Composite Index to continue to rise.
On May 5th, all stocks, except those that had already been liberalized, were subject to a 5% price limit, and the market heat reached an unprecedented level.
That day, Chen Chen called:
"Wenjuan, I asked the driver to check it out. As soon as the stock exchange opened, people rushed in like crazy. The Shanghai Composite Index has exceeded 500 points. Even the elderly women buying groceries know that you can make money by speculating in the stock market. The market is full of people speculating on subscription certificates. They've already reached over 2,000 yuan per certificate."
On the other end of the phone, Xu Mengyao's voice was happy but firm:
"That's great, but I'm not selling now. This price isn't even close to what I want. I'll go to Haishi in a week and wait for the perfect opportunity. We'll sell everything at the highest point!"
Chen Chen's voice was filled with restrained excitement: "Okay, I trust your judgment and will wait for you."
On Hengshan Road, in the study of the Chen family's old house, the heavy curtains are half-drawn, and soft light shines through the gaps, illuminating the neatly arranged rows of books on the bookshelf.
Chen Jiarong, an octogenarian with white hair but a vibrant spirit, sat in a formal chair, wearing reading glasses, staring at the numbers on a computer screen. His fingers tapped lightly on the rosewood desk, as if he were lost in thought.
The secretary knocked on the door and walked in quietly. He stood respectfully by the side, holding a mobile phone in his hand.
"Mr. Chen, Mr. Qin from the Fleet Association wants to speak to you." He said in a low voice.
Chen Jiarong raised his hand slightly and signaled his secretary to hand him the phone.
"Hello, Lao Qin, what's the matter?" His voice was low but powerful.
Qin Lao's voice came from the other end of the phone:
"Mr. Chen, Mr. Chen, I didn't expect you to make so much money in the stock market. The younger generation at home also knew to stock up on subscription certificates in advance. The market is so big, don't forget to leave some soup for us."
Chen Jiarong frowned slightly.
"What do you mean? Which junior in my family?"
"You don't know? The vice president of the securities company at the Chen Mansion in Jing'an said that the company bought 10,000 warrants from their company, but they haven't used them so far. Mr. Chen, do you think you can spare some of them for us?"
"I'll tell you about this after I verify it."
After Chen Jiarong hung up the phone, he fell into deep thought. His index finger continued to tap on the desk, making a clacking sound, and then he said to his secretary:
"Go call Lao Qi and that kid Chen Chen."
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