I'm back in 1990

Chapter 135: Stocks Gone Mad

With so much cash, Huang Xiaochuan certainly wouldn't let it lie in the bank earning interest, so he turned his attention to houses.

He was too lazy to even go to the stock market. He already knew the basics of the market, and the other four members of 222 would tell him the daily stock market information. Ever since they opened their stock accounts, they took turns going to the stock market to check the daily market information.

Wu Duo, Zhang Gaolei, and Chen Zhe bought Vacuum Electronics at a price of 209. The stock continued to rise wildly in the second half of 1991, and by the summer of that year it had surged to 490. Then the stock began to split, and the Vacuum Electronics shares held by the group were split from one share to twenty shares. The split Vacuum Electronics shares then surged by 335.

This is because the Shanghai Stock Exchange at that time did not have the price limits of later periods, so stocks could theoretically rise and fall indefinitely.

For example, Chen Zhe, who had the least amount of capital, bought 30 shares of Vacuum Electronics at a price of 209. By July or August, the value of his shares had more than doubled. His 30 shares of Vacuum Electronics then became 600 shares, with a price of 51 per share. The price then rose to 120. In that year, Chen Zhe didn't have to do anything. He just watched his initial investment of more than 6,000 yuan turn into more than 100,000 yuan.

But that's not all. By May of the following year, which was May 1992, Vacuum Electronics would have risen to 25875, at which point Chen Zhe's 5 shares of Vacuum Electronics would be worth 5 million.

Chen Zhe still holds the fewest stocks, while Wu Duo and Zhang Gaolei hold more. Of course, the one with the most is Huang Xiaochuan, the big spender. Next is Ding Yi, who has invested most of the 30,000 yuan he earned from the stamp market into the stock market. By May of next year, he will be a bona fide millionaire.

If the school knew that so many millionaires came from dormitory 222, they might just partition off that dormitory after the students graduate so that future students could visit it. It's a real gem!

It looks scary, but it really happened. It's one of the few legendary stories in the stock market. In the early years when stocks first appeared on this land, it created a large number of millionaires and multi-millionaires with foresight and courage.

After acquiring so much money, Huang Xiaochuan once considered starting his own business.

But after asking around, he was so scared he shrank back. Damn it, nowadays individuals can only apply for sole proprietorship licenses. Want to set up a sole proprietorship? Good heavens!

Unless Huang Xiaochuan uses his own money to register his company under the collective's name, it might seem harmless on the surface, but the risks are huge. If the company fails, neither side will be held responsible. However, if the company grows into a large and powerful enterprise, which is a very likely possibility.

Will this company belong to Huang Xiaochuan or the collective in the future? It wouldn't be wrong to say it belongs to Huang Xiaochuan, since he funded the establishment of the company. However, since the company is registered under the collective's name, it could be argued that the company belongs to the collective. This could make the lawsuit very difficult to resolve.

If that really happens, Huang Xiaochuan will have nowhere to turn for help.

For example, the famous home appliance company in Qingdao in later generations is still a company under the name of a large collective. The actual controller has not completed the shareholding reform. It is too late to carry out the shareholding reform after reaching such a large size. It is good enough that it can maintain control.

Although Huang Xiaochuan aspires to give back his wealth to society in a reasonable way in the future and form a virtuous cycle of wealth, the prerequisite is that he must be able to make the decisions about his own company.

Currently, China's economic reforms have not yet entered a fast track. Huang Xiaochuan vaguely remembers that the restrictions on individuals starting companies were lifted around 1995, but foreign companies were not subject to policy restrictions.

After much deliberation, Huang Xiaochuan decided to wait until the time was right to establish a clean and completely under his control company. This process would be quite complicated, so he needed to plan ahead and wait for the right moment.

The economic salon founded by Huang Xiaochuan is now held every Monday, Wednesday, Friday, and Sunday, unlike before when they would gather together every day to discuss things.

Now, Huang Xiaochuan, the founder, doesn't go there as often.

It was mainly run by Jiang Bixing, and Huang Xiaochuan would give him a little money every month to keep the salon running.

Also, Wang Deyi went to Beijing, and before he left, he called Huang Xiaochuan to his office and gave him a few instructions.

This trip to Beijing was to participate in the formulation of the detailed rules for the central government's tax system reform plan. Huang Xiaochuan, who is not up to the task and lacks the qualifications, was naturally not allowed to participate in such a major national event. Wang Deyi became the best candidate. Of course, Wang Deyi would not be the only one sent; many economic experts from across the country were also summoned.

Huang Xiaochuan was quite frank, and even reminded the old man to take care of his health. However, Wang Deyi's treatment level was completely different from before, so Huang Xiaochuan no longer had to worry about his medical issues.

However, in order to make it to Shenzhen smoothly during the summer vacation, Huang Xiaochuan made a special phone call to his second senior brother Jiang Qiming, asking him to send Huang Xiaochuan an invitation letter in the name of Shenzhen University, inviting Huang Xiaochuan to visit and study at Shenzhen University during the summer vacation. Of course, this was just an excuse.

Because of Shenzhen's unique circumstances, a border pass is required to enter this relatively new city. With the invitation certificate, Huang Xiaochuan could use it to apply for a border pass to Shenzhen from the local police station where his school is located.

Otherwise, Huang Xiaochuan would not be able to enter the Shenzhen Stock Exchange.

This was a special measure for a special period, because Shenzhen was in the early stages of reform and opening up at that time, and population movement management was relatively strict. These documents were needed to control population movement and ensure social order and urban management. Border permits were mainly used for entry and exit management within the city.

However, Huang Xiaochuan had an extra thought and applied for another personal passport. Passports are much easier to obtain now than in the 1980s, and there is basically no control over them. But visas are the difficult thing to get.

These things need to be done in advance, otherwise it will be too late to deal with them right before departure. With only about a month left before summer vacation, Huang Xiaochuan plans to head to Shenzhen as soon as the vacation starts. He'll skip the train and go by plane! Thinking about how slow the old green trains are, Huang Xiaochuan immediately chose the fastest way to travel.

The newspaper said that soon Pudong Dazhong and Xingye Real Estate shares would be issued to the public in Shanghai, sold through a lottery system at par value.

When Huang Xiaochuan saw the report, he went to find Sang Weihong without saying a word and asked his senior to call for help.

"Oh! You're a rare guest, aren't you? You don't come here unless you have something to say. So, what is it this time?" Sang Weihong wasn't surprised to see Huang Xiaochuan at all. After dealing with him so many times, she knew a thing or two about this kid.

"Senior is so smart. She knew I was here to ask for your help before I even said anything." Huang Xiaochuan lowered his posture, knowing that one should act like a servant when asking for help.

"What would you like to drink? It's on me!" Sang Weihong hadn't had a chance to thank Huang Xiaochuan for being the second author on her paper last time, but now that he had come to her door, Sang Weihong was determined to treat him well.

In early June, the weather in Shanghai is indeed hot. The plum rain season won't start for another seven or eight days, so we still have to endure a few more days.

Huang Xiaochuan, who is sensitive to heat, was covered in sweat. When his senior offered to buy him a drink, he didn't hesitate: "Jianlibao!"

Sang Weihong smiled and said, "Then let's go! You can tell me what's on the way."

Huang Xiaochuan then explained in detail why he wanted to ask Sang Weihong for help.

"Senior, my uncle wants to buy some stocks. He heard that two stocks will be issued in Shanghai this month, and local residents need to participate in a lottery to subscribe. He contacted me, and you were the first person I thought of."

"You can help me find some classmates to help me queue up for the lottery. I'll give each of them fifty yuan as a service fee, regardless of whether they win or not. All you have to do is give me the purchase certificates that need to be issued. It's fifty yuan per certificate."

Sang Weihong looked at Huang Xiaochuan with amusement. It was hard to tell which of his words were true and which were false. He was quite good at deceiving people, but he was a decent person. He did not forget to repay others for the help he received.

Considering he's a decent person, let's help him one more time.

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