On the 24th, the Shanghai stock market closed at 114.55.
All eight stocks hit daily limits.
Only thirty-two shares were traded on the market!
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On the 25th, the Shanghai Composite Index closed at 120.25.
All eight stocks hit daily limits.
Only fifteen shares were traded on the market!
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On the 26th, the Shanghai Composite Index closed at 125.27.
All eight stocks hit daily limits.
Only one hundred shares were traded on the market!
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Faced with the daily limit of eight stocks, the market is hot, citizens are withdrawing bank deposits, and investors are opening accounts in an endless stream. Deposits in the business departments of major banks are constantly decreasing. People in Shanghai and Shanghai will ask you how much money you made today from the stocks you bought. ?
Wei Mingyuan, the general manager of the Shanghai Stock Exchange, who was the first responsible person, suddenly couldn't sit still and began to modify the trading rules. The 5% price limit system was only implemented for one week. In the second week, starting from the 27th, the price limit was changed to 1 %.
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Buy up or down!
Before the opening of the Shanghai Stock Exchange, seven stocks kept falling every day, and retail investors were afraid to buy them. Now, eight stocks are trading at their daily limit, and they no longer have the chance to buy.
Sun Jian bought 2 million yuan worth of stocks for the Kunpeng Student Aid and Poverty Alleviation Foundation. Within a week, he made a book profit of more than 647,000 yuan, an increase of more than 30%.
In Sun Jian's personal stock account, the stocks worth more than 720,000 yuan have now become more than 954,000 yuan.
Huge profits!
It is difficult for a reborn person not to make a fortune.
Only buying but not selling, alloting shares when necessary, participating in additional issuances, and before the Shanghai stock market soared to more than 1,400 points in the first round of the bull market, Sun Jian sold everything.
Every surge will lead to a crash, the Peng and Shanghai stock markets are bullish and bears are bullish, and none of the eight stocks in Shanghai has long-term investment value.
I wonder what the stock market value of personal accounts and fund accounts will be by then?
When the Shanghai Eight Shares were listed on the Shanghai Stock Exchange, there were only more than 600,000 shares in circulation, and the total market value was only more than 200 million yuan. With the imminent promulgation of the Company Law, the minimum share capital of listed companies must reach 50 million yuan (one yuan per share). The big expansion of Shanghai Eight-share Stock Exchange is about to begin!
Ten shares were given for ten shares and then twenty shares were allotted. Within a few years, there were subdivisions, free allotments, and additional issuances. One share quickly turned into ten shares, a hundred shares, or even a thousand shares. Once Sun Jian If you miss the opportunity of allotment and additional issuance, you will lose a lot.
As Kunpeng Software Company pays dividends every year and its stock appreciates, the Kunpeng Student Aid and Poverty Alleviation Foundation gathers more and more funds. Once Kunpeng Software Company is listed on Nasdaq, the market value of the stocks managed by Kunpeng Student Aid and Poverty Alleviation Foundation will become one billion yuan. , Tens of billions of dollars is just a matter of time. Everyone wants free things and will become Tang Monk Meat. There are too many relationships to deal with, and the officials we face are getting higher and higher. Most people cannot refuse. There are too many tricks and oils in it. Too big.
Lessons from history!
Sun Jian does not trust others and now treats the management of the Kunpeng Student Aid and Poverty Alleviation Foundation as a major undertaking to prevent good things from turning into bad things.
Kunpeng Student Aid and Poverty Alleviation Foundation, as a large owner of the Huangpu Sales Department of Wanguo Securities, Sun Jian has informed the service desk of the Shanghai Shuguang Communication Technology Company’s Finance Department Zhou Keying’s phone number. The sales department is obliged to report the information of the eight stocks. The news of allotment and additional issuance was told to Zhou Keying.
Sun Jian had already told Zhou Keying that he used 2 million yuan from the Kunpeng Student Aid and Poverty Alleviation Foundation to invest in the foundation and purchase "Shanghai Eight-share Stock Exchange".
This is not a shady thing.
The Kunpeng Student Aid and Poverty Alleviation Foundation submits the previous year's work report to the registration management authority before March 31 every year and accepts annual inspections; it also needs to accept tax supervision and accounting supervision implemented by the tax and accounting authorities in accordance with the law.
Financial disclosure of Kunpeng Student Aid and Poverty Alleviation Foundation.
The investment income of the Kunpeng Student Aid and Poverty Alleviation Foundation is tax-free.
The Kunpeng Student Aid and Poverty Alleviation Foundation is not a small treasury for Sun Jian. He needs to continuously invest money in it every year and disperse money carefully without making any mistakes, let alone being targeted by tax and accounting authorities and newspaper reporters.
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Twenty-seventh day.
On the first day when the Shanghai Stock Exchange revised its price limit, the Shanghai Composite Index opened at 125.27, reached a low of 125.27, and closed at a high of 125.28.
Only sixty-six shares were traded throughout the day.
Vacuum Electronics and Phoenix Chemical hit the daily limit!
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Twenty-eighth.
The Shanghai Composite Index closed at its highest point of 1,26.45.
All eight stocks hit their daily limit!
One hundred and eight shares were traded.
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Thirty-one days.
The Shanghai Composite Index closed at a high of 127.61.
All eight stocks hit their daily limit!
Only seventy-eight shares were traded.
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Half fire, half sea water!
Since December 8, "Peng Wugu" has continuously dropped to the limit. Now, the trading volume has shrunk extremely, and the stocks on the lower limit board are piling up more and more. Retail investors who queue up overnight, waiting to fill in orders to sell at the lower limit board the next day, are crying. tears.
In order to alleviate the decline, on January 2, 1991, the Pengcheng Stock Exchange adjusted the daily limit again to 0.5%, but it continued to fall by the limit and trading volume shrank.
On January 2, the Shanghai Stock Exchange closed at its highest point of 128.4.
All eight stocks in Shanghai hit their daily limit.
Ninety-one shares were traded!
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"Mr. Zhang, the next focus of Shunyuan Real Estate Company is to complete and open Taobao electrical shopping malls in Xiangcheng, Jingdecheng, Xiaocheng, Yicheng and Nancheng before May Day as soon as possible."
On January 5, Sun Jian hosted the company’s high-level meeting at the company’s headquarters.
At the beginning of the new year, good news came from various places. The applications for the resumption of Taobao electrical shopping mall projects in Xiangcheng, Jingdecheng, Xiaocheng, Yicheng and Nancheng, which had been suspended for nearly three years, were approved!
Since the comprehensive economic governance and rectification work started in October 1988, the number of companies that have canceled mergers has accounted for one-third of the total number of companies, the inflation rate has dropped from 18% to 2.1%, and the new economic circulation Order is taking shape.
Although the economic growth data for 1990 has not been officially announced, experts from the Central Bank predict that the GDP in 1990 will increase by about 4% compared with 1989, the total retail sales of social goods will increase slightly compared with 1989, and the total foreign trade import and export volume will increase slightly compared with 1989. The annual growth rate is about 3.5%.
The economic benefits of enterprises continue to decline, and the profits of state-owned enterprises within the budget have dropped by 50%. The adjustment of industrial structure is slow, supply and demand are misaligned, product backlogs have increased, triangular debts have increased, the economic benefits of enterprises have declined, the number of enterprises with losses and on the verge of P-production has increased, the amount of losses has increased, and G has declined. Stress increases and financial difficulties increase.
"Okay, Mr. Sun!"
"The work of comprehensive economic governance and rectification has come to an end and will enter a new stage of rapid economic development. The expansion of Taobao Electrical Appliances Mall will begin rapidly. Taobao Electrical Appliances Company's goal this year is to enter the markets of Shandong Province and Zhejiang Province. This work will be led by Mr. Li Responsible."
"Okay, Mr. Sun!"
"The task of Mr. Zhang, Mr. Deng, Kunpeng Software Company and Shuguang Communications Company this year is to build fifty more five-star customer service centers."
"Okay, Mr. Sun!"
"Okay, Mr. Sun!"
In July 1989, when Windows 3.1 and Mac OS 2.0 applied for the company's invention patents in China, Sun Jian instructed Li Tao and Zhang Jilin that Kunpeng Software Company should have 29 software companies outside Tibet within one year. Provincial five-star customer service centers have been established in provincial capitals and municipalities directly under the Central Government, responsible for the maintenance services of electrical appliances sold in Taobao electrical shopping malls. They are also responsible for the sales and services of Kunpeng software and telephones, digital program-controlled switches, pagers, scanners, Toshiba brand POS cash register systems, etc. In the past year and a half, in addition to establishing five-star customer service centers in provincial capitals and municipalities directly under the Central Government, 75 five-star customer service centers have also been established in prefecture-level cities.
