Under the scorching sun, Zhou Nan rode his bicycle straight to the sales department of Haidu Securities at the intersection of Jianshe Road. Although the domestic stock market in 1996 had just started a few years ago, people who speculated in stocks were very popular. The so-called business in the sea is to speculate in the market.
, became two of the most fashionable things in society at that time.
The year 1996 is of great significance in the short six-year development history of the domestic emerging securities market. In 1996, inflation disappeared and bank interest rates were reduced; starting in March, the stock market went through a major upward trend, and basically went out of the recession throughout the year.
The unilateral upward trend and the management's "twelve gold medals" failed to hold back the mad bull. It was not until the end of the year that the surge showed fatigue and the upward trend came to an end. The market fell to the limit for two consecutive times and investors became rational again.
This year, the biggest hot news in major media was stock market reports, with various stock reviews and expert comments filling the media pages. 1996: Bull market! Bull market! - similar titles were often seen in reports.
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The retail investors in the business hall were crowded, all looking up at the large-cap stock quotation system that sometimes turned red and sometimes turned green. There was a lot of noise. Zhou Nan was crowded in the crowd, and after watching for a moment, he found the target he wanted to focus on this time:
Haiminyuan, stock code 0518.
Zhou Nan didn't know if this was an intentional arrangement by the God of Destiny. Perhaps it was some kind of compensation for the misfortune he encountered in his previous life. After a moment of rebirth and confirming the time of rebirth, he knew clearly and ecstatically that God had sent him
Gave him a generous gift. And this may be the first pot of gold for him to start over again in this life.
In June 1996, this time point involved the most serious securities fraud case since the establishment of the securities market that later shocked the country.
In July 1988, Haidu Minyuan Modern Agriculture Development Co., Ltd. was registered in Haidu. In September 1992, 30 million legal person shares were raised in the National Securities Trading Automatic Quotation (STAQ) system, with a paid-in capital of 30 million yuan. 1993
On April 30, 2018, it was listed in Shenzhen in the name of Haiminyuan A shares (stock code: 0518).
IPO, becoming one of the five out-of-town companies listed in Shenzhen at that time. In the second year after its listing, the "Hai Minyuan" company began to decline, with poor operating performance and no one interested in its stock. In the annual report published in 1995
Among them, the earnings per share of "Hai Minyuan" was less than 0.001 yuan, and its stock price was only 3.65 yuan on the date of the annual report announcement (April 30, 1996).
But since July 1, 1996, the share price of "Hai Minyuan" started from 4.45 yuan. In just a few months, the share price has jumped to 20 yuan, which has doubled several times. After being manipulated by some invisible hands
After playing with it carefully, "Hai Minyuan" became a big dark horse in creating the myth of the stock market in 1996.
After some careful packaging, Haiminyuan published its annual report and supplementary announcement in the Securities Times on January 22 and February 1, 1997, stating that in 1996 the company achieved a profit of more than 570 million yuan, and its capital this year was
Provident fund increased by 6.5
700 million yuan. The annual report clearly showed: earnings per share was 0.867 yuan, net profit increased 1290.68 times year-on-year, and the distribution plan was to transfer 98,000 shares for every 10 shares. As soon as the annual report was announced, the share price of "Hai Minyuan" soared to 26.18 yuan.
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It rose from 2.08 yuan on April 1, 1996 to 26.18 yuan in January 1997, an increase of 16 times in less than a year!
But then, on March 1, 1997, a joint investigation team composed of several departments including the China Securities Regulatory Commission determined that the annual report of "Hai Minyuan" was fraudulent, with fictitious profits of 540 million yuan and an inflated capital reserve of 657 million yuan. Of which 540 million yuan was fabricated.
The fictitious profit in Yuan is the company's profit through relevant relations without obtaining the land use rights.
It fabricated invalid contracts for cooperative housing construction and equity transfer signed by associated companies and others without approval from relevant state departments; and the capital reserve of 657 million yuan was established and confirmed without the approval of relevant state departments without obtaining land use rights.
In this case, it was fabricated based on the asset evaluation of four investment projects.
Hai Minyuan was delisted and rectified, and the relevant executives were brought to justice. A sensational dark horse in the stock market quickly faded out of the sight of investors like a flash in the pan. But the time difference of half a year was enough for Zhou Nan.
This is of course a speculation. But in a sense, life is inherently a kind of speculation. It's just that some people seize the opportunity, and some people fail to seize the opportunity and let the opportunity slip away. This is a time to change oneself and the entire family economy.
Zhou Nan would never give up this perfect opportunity of fate.
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After watching the stock market for a while, Zhou Nan was ready to leave. Before leaving, he met an acquaintance at the door. The wife of Xue Yuanyang, deputy secretary-general of the Haidu City Government, and Lin Xia, deputy director of the Haidu District Agricultural Committee of Haidu City. Deputy Section
Level cadre. Zhou Nan and Lin Xia's son Xue Bao are also high school classmates and live in the same community.
"Aunt Lin." Zhou Nan had to greet Lin Xia with a smile after walking across from her.
To be honest, Zhou Nan is a relatively famous and popular child in the family courtyard of Haidu government agencies. The reason is very simple, because he has a calm personality and excellent academic performance, and he was admitted to Guanghua, the top college of Jinghua University, the highest school.
School of Economics and Management. Many families in the government use Zhou Nan as an example and benchmark when educating their children. They often say: Look at Zhou Nan from the Zhou family. Although his father has no ability, this son is really promising!
"Hey, it's Zhou Nan. Why did you come to the stock market?" Lin Xia was surprised at first, then smiled gently, and reached out to pat Zhou Nan's shoulder affectionately.
"Auntie, I just came back from graduation and came to the stock market to have a look and prepare to trade in stocks." Zhou Nan said this casually. Stock trading is not a shameful thing, but as soon as he said it, he suddenly had an idea in his heart.
Some secret thoughts came up.
"You want to trade in stocks? Haha..." Lin Xia laughed, "You are a child who just graduated from college and you know how to trade in stocks? You have to be careful. It is not easy for your parents to save two money. Don't let them lose.
It’s light.”
"Aunt Lin, stock trading is not an advanced technical activity. There are many stock trading masters among our classmates, as well as professors and teachers from the college, who are all trading in stocks. I will follow suit and apply what I have learned." Zhou Nan
He spoke deliberately calmly.
Lin Xia snorted and laughed, "Auntie has forgotten that you are a top student studying economics... A top student from Guanghua College of Beijing University, not bad... By the way, Zhou Nan, what stocks are you interested in?
Auntie communicates with her, and sometimes she comes to the stock market to play."
Zhou Nan hesitated for a moment and said softly, "Auntie, I think these stocks will skyrocket recently, such as Haidu Hi-Tech. I have been paying attention to this stock for a long time. Whether it is judged from technical aspects or fundamentals, it is at least
Ninety percent of the hopes have skyrocketed recently... If Auntie is interested, you might as well pay attention to this ticket."
Lin Xia originally just said something casually, but Zhou Nan patiently stood at the door and talked to Lin Xia about some professional terms of stock trading. Lin Xia was considered a first-generation stock investor, and she immediately discovered that Zhou Nannan was not only an outsider, but also an amateur.
Very proficient in stock speculation and price movements.
What are the positive and negative lines, what are the buying and selling points, what are the high-selling and low-buying band operations, what support is located at the resistance level, what are the descending channels and ascending channels... Of course, Zhou Nan had these stock trading common sense and operating principles at his fingertips, and "fooled" them down, Lin Xia
He has been completely
As a master of stock trading, she was so impressed that Lin Xia refused to let Zhou Nan leave. She dragged Zhou Nan to the large room on the third floor of the securities company and asked Zhou Nan to give her her own place.
Carefully judge and analyze several stocks she currently holds.
Lin Xia even sold out all the slightly profitable stocks she held on the spot at Zhou Nan's suggestion, and then bought what Zhou Nan called "Haidu Hi-Tech" in batches.
It's a coincidence that not long after Lin Xia bought it, Haidu Hi-Tech began to rise. In less than half an hour, it increased by nearly 50 cents. Lin Xia was overjoyed and excitedly traded in the big traders' shares.