"Hello, Mr. Sha! I have collected no less than ten pieces of your calligraphy from the market, and am preparing to make a fortune."
Sha Menghai, the first vice chairman of the Chinese Calligraphers Association, is nearly 90 years old and now serves as a consultant to the Chinese Calligraphers Association. He happened to be in Beijing to attend the annual meeting and meet old friends.
Ha ha……
"My grandson, you will have a formidable future and a bright future!"
"Thank you, Mr. Sha, for the compliment!"
…
Sun Jian later learned that Mr. Sha's wife had passed away several years ago, and his son was working as a professor, director of the Chinese painting teaching and research section, and master's tutor at the People's Academy of China.
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"Old Shao..."
…
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On November 11, the Security Council issued Communique No. 678, requiring Iraq to withdraw from Kuwait before January 15, 1991.
On the 12th, the Hang Seng Index opened at 2935 points, three points higher, and continued to rise, reaching a maximum of 2970 points. In late trading, it was suppressed by profit taking and closed at 2949 points, up 17 points. , the trading volume increased by 10%.
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In June 1990, Mayor Zhu of Shanghai and Hainan visited Xiangjiang and announced that Shanghai and Haihai would establish a stock exchange by the end of the year, causing a sensation.
In September, the Shanghai Branch of the Central Bank submitted the "Request for Instructions on the Establishment of the Shanghai Stock Exchange" to the Central Bank Headquarters, which was authorized by the State Council and approved by the Central Bank.
On November 26, Pengcheng held a grand reception to celebrate the tenth anniversary of the establishment of the special economic zone. Leader Jiang attended the meeting and gave a speech, pointing out that the achievements in the construction of the special economic zone in Pengcheng fully proved that the practice of establishing the special economic zone was successful. The general policy of reform and opening up is completely correct.
On November 26, the Shanghai Stock Exchange was established at the Pujiang Hotel.
Shanghai Stock Exchange Central Depository and Clearing Corporation was established.
The official opening date is scheduled for December 19. The Shanghai Municipal Government appointed Li Chengrui as chairman and Wei Mingyuan as general manager.
The market transactions of the Shanghai Stock Exchange adopt electronic bidding and paperless centralized trading. All transactions of listed securities must be publicly declared and bid through a large computer host. The host will automatically match and transfer ownership in accordance with the principles of price priority and time priority. .
On the opening day, 25 securities operating institutions from Shanghai, Shandong, Gansu, Anhui, Zhejiang, Hainan, Liaoning and other places will become members of the Shanghai Stock Exchange, divided into professional brokers, Professional dealers, regulated brokers and dealers.
The Shanghai Stock Exchange will adopt a paperless centralized trading method and will not engage in futures trading. At the beginning of its opening, it will mainly trade bonds, including treasury bonds, corporate bonds and financial bonds, while also conducting stock trading. Later, it will gradually transition to paying equal attention to bond and stock trading.
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The Pengcheng Securities Market Leading Group established Pengcheng Securities Registration Company in early August to prepare for the registration and transfer of stocks.
The Pengcheng Branch of the Central Bank submitted a "Request for Instructions on the Establishment of Pengcheng Stock Exchange" to the central bank headquarters on August 18. The Pengcheng City Government appointed Wang Kang and Yu Chenggang as deputy general managers of Pengcheng Stock Exchange, with Wang Kang presiding over the work.
So far, it has not received approval from the central bank headquarters.
Xu Hong, manager of the settlement department and reception room of the Pengcheng Stock Exchange, once received a visiting delegation from Hong Kong. The other party asked, "The Shanghai Stock Exchange is scheduled to open on December 19. When can the Pengcheng Stock Exchange open?"
Manager Xu didn’t think much and answered in a straight-forward manner based on the actual situation. All preparatory work for Pengcheng Stock Exchange has been completed and simulation tests have been conducted. All work is progressing smoothly. They only need to wait for approval from superior leaders to open the market. Even if The market will open on December 1st and we are fully prepared.
A financial newspaper in Xiangjiang reported that Xu Hong, manager of the public relations department of Pengcheng Stock Exchange, announced that Pengcheng Stock Exchange is expected to open on December 1.
As soon as the news came out, the entire market exploded.
On November 22, Li Sji and Mayor Zheng came to the preparatory office of Pengcheng Stock Exchange to make a decision. On December 1, Pengcheng Stock Exchange started its trial operation and was the first to open.
The market transactions of the Pengcheng Stock Exchange will adopt electronic bidding, paperless and centralized trading. All purchases and sales of listed securities must be publicly declared and bid through a large computer host. The host will automatically complete the transaction in accordance with the principles of price priority and time priority. , automatic transfer.
In August, the preparatory team of the Shanghai Stock Exchange, led by Vice Mayor Huang, went to Pengcheng Stock Exchange to learn from the preparatory team. Wang Kang and Yu Chenggang handed over the information in one volume without reservation, and did not expect that Peng The City Stock Exchange was not approved.
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"Comrade, please register these stocks."
Sun Jian took his ID card and Shanghai Stock Code Card to the counter of the Central Depository and Clearing Company of the Shanghai Stock Exchange, lined up, and handed 1,175 paper shares to a female staff member, including Yanzhong Industrial 872 shares, Feile Audio 137 shares, Vacuum Electronics 90 shares, Yuyuan Mall 38 shares, Aishi Shares 16 shares, Feile Shares 12 shares and Shenhua Electric Co., Ltd. 10 shares.
I kept ten sets of "Shanghai Seven Shares" paper stocks as collectibles!
"Comrade, please wait a moment!"
The female staff member took a look at the ID card. She was surprised and knew that Sun Jian was from Jiangcheng.
According to yesterday's closing price, 1,175 paper shares are worth more than 250,000 yuan.
Since mid-September, Shanghai and Shanghai stocks have been falling every day. On the day Mayor Zhu inspected the Shanghai Stock Exchange, the market did not give him any face.
The upper limit is 0.5%, and the lower limit is 5%!
Vacuum Electronics dropped from 650 yuan to 422 yuan, and Yuyuan Mall dropped from 457 yuan to 378 yuan.
The Jinghai Index dropped from more than 330 points in early September to more than 220 points today, a drop of nearly 30%.
In early September, investors who bought at high prices were trapped and suffered heavy losses.
The market value of the 1,175 "Shanghai Seven Shares" held by Sun Jian also shrunk by nearly 30%.
Twenty-four securities business offices, more than 40 agency offices, and eight listed companies in Shanghai will use newspapers, radio and television to issue announcements starting from October 3, asking shareholders to bring paper stocks to the Shanghai Securities Exchange. When registered with the Central Depository and Clearing Company, dividends and dividends paid by listed companies will be automatically transferred to the account of the Depository and Clearing Company. From January 2, 1991, all business departments of Shanghai Securities Company will implement paperless centralized transactions. The pledged stocks will be invalidated, and all legal risks and property losses will be borne by the paper stock holders themselves.
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"Comrade, I deposit 200,000 yuan."
The big screen was all green, the number of investors in the sales department decreased significantly, selling orders were heavy and buying orders were scarce.
Sun Jian came to Huang Wanguo's queue and handed over his ID card, stock code card, securities account and twenty bundles of hundred-yuan bills to the staff.
"Comrade, I buy 400 shares of Vacuum Electronics and 500 shares of Yuyuan Mall at the current price."
"Comrade, your stock market value has reached the standard for a large household in our sales department. Do you want to apply for a large household certificate?"
The admission standard for Huang Wanguo's large household is 300,000 yuan.
"Comrade, are there any other fees for the large household certificate?"
Sun Jian did not see Zheng Weihong, Guo Jianping and Li Kai in the crowded hall. He may have entered the main room. It seems that they followed the advice.
"Comrade, there will be an additional service fee of eight hundred yuan per month."
"Comrade, where is your main office?"
"Comrade, it's on the sixth floor of the Cultural Palace Hotel."
"Thank you, I won't apply for a large household certificate for the time being."
I can’t come to Shanghai more than a few times a year, and the service fee for large apartments is 800 yuan a month. It’s really shameful!
