Chapter 371: Crazy Stock Market

Yuyuan Shopping Mall evolved from Yuyuan Department Store!

In 1987, Haidong Yuyuan Department Store Co., Ltd. was established as the first pilot commercial joint-stock enterprise in Haidong. The following year, it became the earliest listed commercial joint-stock company in China through stock issuance.

But just this year, Yuyuan Department Store underwent an asset reorganization.

It absorbed and merged 14 units including Yuyuan Tourism and Nanshi District Catering, and was listed on the A-share market in the same year.

The issue price of Yuyuan Shopping Mall stock is 100 yuan per share, and the subscription is based on the stock subscription certificate.

In the lottery process some time ago, Li Yi's subscription certificate was drawn for a total of 130,000 shares of Yuyuan Shopping Mall. In addition, the other subscription certificates in his hand were drawn by other listed companies.

But Li Yi made a decision that shocked everyone. He replaced all the winning subscription certificates of other listed companies in his hand. He only wanted Yuyuan Shopping Mall.

Although this move was dissuaded by Tang Sui and others, Li Yi's decision was not something that others could change.

So, after nearly a month, Li Yi finally exchanged all the subscription certificates in his hand for the subscription stocks of Yuyuan Shopping Mall, a total of more than 216,000 shares.

The reason why Li Yi was so determined to subscribe to Yuyuan Shopping Mall was that he knew how brilliant the performance of Yuyuan Shopping Mall's stock would be in the future.

Yuyuan Shopping Mall is located in the central business district of Haidong City. It is perfectly integrated with the surrounding Yuyuan, Old City God Temple, Chenxiang Pavilion and other scenic spots and cultural landscapes. It has rich cultural heritage, rich folk customs and distinctive business characteristics.

From the Yuan, Ming and Qing Dynasties to the early years of the Republic of China, for more than 700 years, Yuyuan Shopping Mall has been the political, economic and cultural center of Haidong. It is called the "root of Haidong" and is a unique cultural symbol and cultural business card of Haidong.

Among them, the 5.3-hectare Yuyuan Shopping Mall originated from the old Chenghuang Temple Market during the Tongzhi period of the Qing Dynasty more than 140 years ago. It integrates temples, gardens, buildings, shops, food, tourism, etc., thus forming a material display of Shanghai's 700-year historical context and a visual interpretation of Haidong's urban civilization. The rich cultural heritage, rich folk customs, and distinctive business characteristics make Yuyuan Shopping Mall the most representative place in Haidong to inherit the Dragon Country culture, and it is therefore famous at home and abroad.

At present, this listed company may not look so dazzling, but in the future, this old store that embodies a century-old classic will develop into a first-class domestic comprehensive commercial group and listed company that integrates gold jewelry, catering, medicine, department stores, food, real estate, import and export trade, financial investment and other industries, with diversified development, with nearly 130,000 square meters of commercial facilities and more than 37 million passengers throughout the year.

Coupled with the ride of reform and opening up, the future of Yuyuan Shopping Mall is brilliant!

This is secondary. After all, Li Yi doesn't care how much potential this listed company has. What he wants to do now is how much money this listed company's stock can make for him.

In fact, Yuyuan Shopping Mall can be said to be the craziest stock in 1992.

The subscription price is only 100 yuan now, and it will rise to 800 yuan in May. When the Haidong Municipal Government released the stock price on May 25 and adopted the "T+0" model, the stock price soared instantly, directly soaring more than ten times, reaching an astonishing more than 10,000 yuan. At its peak, the stock of Yuyuan Shopping Mall reached 18,888 yuan per share, which is simply awesome!

So, as long as you buy the stock of Yuyuan Shopping Mall in advance, even if you don't sell it at its peak, you can still make a hundred times the profit.

This is why Li Yi insisted on buying Yuyuan Shopping Mall!

However, Li Yi did not explain this to others, so that Tang Sui, Yongzi and others were a little nervous these days.

After all, Li Yi's eggs are all in one basket now. Once there is any fluctuation, it will be a disaster.

On May 26, early in the morning, several people came to the outskirts of the stock exchange.

Even though it was not yet the opening time, the stock exchange was already full of people. The scene was really hot and even a little crazy.

However, Li Yi seemed to be accustomed to this. The scene in front of him looked a little crazy, but compared with what happened in the stock market a few months later, it was simply not worth mentioning.

Li Yi clearly remembered that after Haidong liberalized the stock price this time, the market index soared, greatly stimulating the Shenzhen stock market, so the Shenzhen Stock Exchange also followed Haidong's example to liberalize the stock price.

As soon as this news came out, the whole country was shocked.

Subsequently, the Shenzhen Stock Exchange issued the 1992 New Stock Subscription Lottery Ticket Issuance Announcement, announcing that 500 million domestic public shares would be issued in 1992, 5 million lottery tickets would be issued, the winning rate was 10%, each lottery ticket could subscribe to 1,000 shares, and each ID card could spend 100 yuan to buy a lottery ticket.

The government was very considerate of everyone: to reduce the number of people in line, each person in line could hold up to 10 ID cards to buy lottery tickets.

Investors across the country heard the news and moved. At that time, the permanent population of Shenzhen Stock Exchange was 600,000, but more than 1 million people poured in when the new shares were issued. People from all over the country poured into Shenzhen Stock Exchange in these few days. They put down their luggage and started queuing directly in front of the sales point.

At that time, the soft seat train ticket from Guangzhou to Shenzhen was more than 30 yuan, but it was actually sold for 200 yuan per ticket on the black market. Many people could not enter the special zone without a border pass, and some local farmers volunteered to lead the way through the barbed wire, charging 40 yuan per person.

Starting from the morning of August 7, about 200,000 people lined up in front of 300 outlets throughout the city, and the long line quickly became thicker and winding. Someone brought a long rope, and men and women held the rope tightly and even wrapped the rope around their wrists.

There were crowds of people in front of the 21 securities trading offices in the city. People lined up day and night. A piece of paper in the crowd was passed to everyone again and again, and then taken by the later ones. The paper was densely written with names, and each person had a serial number in front of his name.

At that time, the Shenzhen Stock Exchange was either windy, rainy, or sunny. At that time, these 1.2 million people lined up for three days and three nights, and experienced all these weather conditions.

In comparison, the hundreds or thousands of people in front of us are really nothing.

Looking at the crowded exchange in front of them, Tang Sui and others were a little confused and asked immediately: "Mr. Li, are we going in?"

Hearing Tang Sui's words, Li Yi smiled and said: "Don't worry, come when it's almost closing, then look at the closing price, and then prepare to sell directly!"

"Ah, so fast, don't you wait?" Yongzi said in surprise.

"Haha, what are you waiting for!"

Li Yi knew about the madness of today's stocks a long time ago. If it goes as expected, the stock price of Yuyuan Shopping Mall will exceed 10,000 yuan today.

Although it will soar to 18,000 by the end of the year, Li Yi can't wait until then, so he decided to list the stock at the 10,000 mark.

Led by Li Yi, the three walked into a nearby coffee shop, then sat down and waited patiently.

In the morning, the news from the stock market was all good news.

Affected by the government's liberalization of stock prices, the stock prices of the entire stock market were like crazy, all red, and almost no green was seen. The real bull market is coming.

Among all the stocks, Yuyuan Shopping Mall was almost the best. Influenced by the good news, the stock tripled as soon as it opened, from 800 yuan per share to 2,500 yuan per share.

By 1:00 p.m., the price had risen to 5,500 yuan, which means that investors who bought Yuyuan Shopping Mall stocks last night would make 7 times the net profit if they sold them now.

But everyone can see that the price of this stock still has room for improvement, and who would be stupid enough to sell it without making money?

So, under the stimulation of this situation where the higher the price, the more reluctant to sell, by the time the afternoon was about to close, the stock price of Yuyuan Shopping Mall had already exceeded the 10,000 yuan mark.

After learning the news, Li Yi immediately ordered Tang Sui to start selling stocks at the current price.