I'm back in 1990

Chapter 232: The Combined Fleet

Shortly after the May Day holiday, a rumor circulated that in order to accommodate a large number of new stock listings, the Shanghai Stock Exchange would adjust its current stock trading model from T+1 to T+0, and would also remove the current price fluctuation limits.

Good heavens, as soon as this rumor came out, all listed stocks hit their daily limit up every day, and investors were incredibly excited, like they were on steroids. A large number of people flocked to the stock market, causing a surge in the amount of capital in the market.

For this reason, the price of a subscription certificate has now risen to 3,600, and it's about to reach 4,000. Even so, many people are still holding onto their certificates and refusing to sell, waiting for the second round of lotteries to begin.

Ge Changli is now filled with regret. When the price of a subscription certificate rose to three thousand, he sold two hundred subscription certificates at his wife's urging, but he regretted it a few days later.

He regretted not listening to Huang Xiaochuan. Shortly after the first lottery ended, the two met again, and Huang Xiaochuan specifically reminded him that there would be three more lotteries this year, and that more than forty stocks would participate in the lottery. If he wanted to sell his subscription certificates, he would have to wait until after the second lottery.

Fortunately, he didn't listen to his wife's advice to sell the newly listed shares he won in the lottery, otherwise it would have been another huge loss. Look how much the new shares have risen now. Ge Changli made up his mind that he would never listen to his wife's nagging about subscription certificates and stocks again. She was too naive.

Some time ago, Chang Zhihong repeatedly passed on messages to Huang Xiaochuan and his group through Lei, the deputy director of the finance department, offering higher and higher prices each time. Lei was quite enthusiastic about this, and Huang Xiaochuan and his group guessed that Chang Zhihong must have promised Lei some benefits, otherwise why would he be so eager to help pass on messages?

Unfortunately, none of them were willing to budge. Even the department leaders couldn't force them to sell subscription certificates, could they? Besides, the people in 222 are neither naive nor pushovers; they don't need to be given face.

Chang Zhihong and his group certainly wouldn't place all their hopes on Huang Xiaochuan and his friends. They were wealthy and had received a lot of subscription certificates from others. Although the prices were high, they had hired an actuary from Hong Kong to calculate how many they could get for under five thousand.

So far, this group of people from Zhejiang Province already holds more than 6,000 subscription certificates and is still collecting them. Their goal is to collect 20,000 subscription certificates before the second lottery, so that they can obtain a large number of newly issued shares.

On the surface, this group from Zhejiang Province consists of just a few people, but in reality, they have thousands of people behind them. They conducted this financial speculation business by raising funds through shareholding, raising a total of more than 200 million yuan. The shares were distributed equally according to the proportion of investment, and the profits were distributed according to the proportion of shares. This is also the strength of the people from Zhejiang Province: accumulating small amounts into a large sum.

Since the Lunar New Year, a café near the Bund has been bustling with activity.

This place used to be just an inconspicuous coffee shop. The earliest stock market enthusiasts always liked to come here for a coffee and a chat about stocks. After all, it's Shanghai! How could they show they were different from people from other places without having a cup of coffee? It's all pidgin culture!

As the stock market became increasingly popular, more and more people came here. They exchanged their stock trading experiences and shared various rumors. Eventually, it wasn't just stock traders who gathered here.

Brokers, speculators, swindlers, piling agents, and big players all come and go here.

This place can also be called a wealth transfer station. The purchase certificates collected by the piling agents from the outside are gradually accumulated to a certain number and then brought here to be cashed out. This is because there are many big players here, and they are generous with their money. When they are in a good mood, they will even give more.

The same goes for brokers. They travel around, collect information, and then sell it to big players, or they act as intermediaries, taking a cut from both sides after the deal is done.

Some middle-class residents also gather here to exchange information and get first-hand information at any time.

In a secluded corner of the coffee shop, four people were chatting and drinking coffee around a small round table.

"You know what? I heard there are a few young people who have tens of thousands of subscription certificates in their hands."

"Really? That many? That can't be true, can it?"

"It's absolutely true. I heard it from an old monk, so the information is definitely reliable."

"I think it's impossible. Tens of thousands of bills? Even if you bought them for thirty each time, how much money would that cost? Do young people have that much money? Please help me out!"

"I'm not trying to criticize you, but no wonder you can't make a fortune. You don't know, do you? Those stock speculators from Zhejiang have already found those young men, but they couldn't agree on a price. But this also shows that this isn't just a rumor."

"Those bastards from Zhejiang Province! They have way too much money; they must have taken a lot of subscription certificates, right?"

"Baogen, didn't those people also come looking for you? Don't you have a hundred of those?"

"Do you think I'm stupid? I've already calculated it. Buying new shares will earn more than selling subscription certificates. Selling them to them will only net me a little over 300,000. Don't even think about it (it's not worth it)."

"Hey, look who's here!"

The others all looked at the person who had just come in from outside the door; it was the same group of people from Zhejiang Province they had just mentioned.

The coffee shop owner saw the group and quickly came out to greet them warmly.

The boss, Kang Siyuan, is a middle-aged man in his forties, and he dresses with great style.

He wore shiny black leather shoes, gray trousers with crisp, wrinkle-free seams, a white shirt with a black bow tie, and a well-fitting waistcoat matching the trousers. He also wore a small gray top hat.

He also had a full beard, but it was clearly well-trimmed, making him look clean and neat.

"Welcome, welcome, General Manager Chang, and all the other general managers!"

"Boss Kang, are there any private rooms available?"

"Yes, yes, whether you, Mr. Chang, come or not, I will reserve a private room for you."

"Hehe, Boss Kang, the usual!"

"Understood, will arrange it right away!"

The appearance of these bigwigs from the Zhejiang stock trading group immediately attracted the attention of everyone else in the coffee shop. The main reason was that these out-of-towners were too powerful. They were openly buying up subscription certificates and stocks on a large scale, as if the money came from a whirlwind. They were incredibly arrogant.

After Kang Siyuan brought the coffee and pastries into the private room, he hung a small blackboard in the most conspicuous place in the store.

It says on it, "One subscription certificate is 3800; price negotiable for bulk orders."

The moment the sign was hung up, the entire coffee shop erupted in excitement.

Chang Zhihong and his team obtained a lot of subscription certificates in this way. The pile drivers liked such big customers, so they would resell the subscription certificates to them as soon as they received them.

Although I only received tens or hundreds of yuan at a time, little by little, I accumulated quite a lot.

Soon, the locals in Shanghai also learned about their cooperative approach and began to imitate it, forming various cooperative teams, which were popularly known as the "United Fleet".

Some groups were formed by neighbors, while others were formed by colleagues and friends. In a short time, countless stock trading teams of all sizes appeared in Shanghai, and a large amount of funds poured into the stock market.