I'm back in 1990

Chapter 150: Shenzhen Stocks

Renowned author Sijiucai has joined Cola Novels with his new work, "1990, I'm Back!"

On Monday, August 5th, the Shenzhen Stock Exchange opened as usual, but unfortunately, five stocks were still hanging there in the red.

Shortly after the market opened, Huang Xiaochuan arrived. As usual, he looked around first, and when he saw Wan Yuhuan, he went straight up to her.

When Wan Yuhuan sensed someone approaching, she looked up and saw that it was the young man who had asked her about the commission agreement last time.

With one month left before the bailout fund intervenes on September 7th, Huang Xiaochuan felt the time was right. So today, he came to sweep through the market, going all in with his 9 million yuan to buy up all of Shenzhen Development Bank's shares, ignoring the other four stocks.

The 1.5 million yuan had already been transferred into Huang Xiaochuan's securities account yesterday. Huang Xiaochuan's daring move alarmed even the head of the securities company. It had been many days since such a large sum of money had entered the stock market. Could it be that someone was optimistic about the stock market? After completing the transfer procedures, Huang Xiaochuan left, leaving the head of the securities company, who rushed out of the office hoping to see Huang Xiaochuan, empty-handed.

Shenzhen Development Bank's issue price was 20 RMB per share, and today's latest trading price is 11.4 RMB, which has long fallen below the issue price. Who among us could have imagined that this stock would rise to a return of 10,000 times in the future!

Moreover, the exchange was filled with sell orders, and investors who were trapped were desperately trying to cash out and leave the market, even if it meant taking a loss. After all, the market had been falling for more than seven months. Who could stand that?

After Wan Yuhuan took the bill from Huang Xiaochuan and glanced at it, she froze as if she had been frozen in place.

The number is correct, right? One and a half million?

Wan Yuhuan rubbed her eyes with her other hand and looked at it again. Yes, it was 1.5 million!

Her mouth instantly formed a big "o" shape as she stared at Huang Xiaochuan in shock.

Huang Xiaochuan wasn't surprised at all by Wan Yuhuan's expression. Instead, he reiterated, "I'll buy all the sell orders for Shenzhen Development Bank shares today, and the purchase price will not exceed twelve yuan per share."

Wan Yuhuan then realized what was happening: "Okay, sir, I'll process it for you right away."

Wan Yuhuan immediately sprang into action, shouting to all the traders in the exchange, "Shenzhen Development Bank, whoever holds Shenzhen Development Bank shares, I will buy them all if the price doesn't exceed twelve yuan."

Good heavens, the stock market, which hadn't seen any large transactions in a long time, suddenly erupted in excitement.

"I have two hundred shares, eleven yuan and forty cents."

Wan Yuhuan waved her hand: "Take it! Hand over the goods immediately!"

"I have a total of 1,100 shares here, 11.45 yuan, do you want them?"

"I'll take it! Delivery!"

"Eleven yuan and fifty cents, three thousand seven hundred and forty shares."

"I'll take it!"

"One thousand and sixty shares, eleven dollar and fifty cents."

"Yes, I'll take it. Get in line!"

Currently, the daily price fluctuation limit for stocks listed on the Shenzhen Stock Exchange is 005, so even if Huang Xiaochuan were to buy large amounts of Shenzhen Development Bank shares, it wouldn't cause the stock price to surge.

Soon, a long queue formed in front of Wan Yuhuan. Other traders handed over their Shenzhen Development Bank sell orders to Wan Yuhuan. It was really not easy! After being stuck in their hands for so long, finally a fool came to take over.

The commotion in the room alerted the head of the securities company, who rushed out of his office and caught Huang Xiaochuan this time.

"You must be Mr. Huang? I didn't expect you to be so young! My surname is Wen, the Wen of culture, Wen Haishan, and I am the general manager here."

Huang Xiaochuan politely shook hands with Wen Haishan: "Hello, Huang Xiaochuan, from Shanghai!"

Upon hearing Huang Xiaochuan introduce himself as being from Shanghai, Wen Haishan understood. Shanghai's stock market was booming, and Shenzhen's market couldn't compare at all. Yet, people from Shanghai were buying Shenzhen Development Bank shares in large quantities. Could it be that people from Shanghai were optimistic about this stock?

Why didn't they choose the other four stocks?

With a hint of doubt, Wen Haishan probed Huang Xiaochuan, asking, "Mr. Huang, why did you only buy Shenzhen Development Bank? Why not other stocks?"

Huang Xiaochuan laughed and said, "I'm just running errands for people. I buy whatever they tell me to buy. I don't know anything about stocks! I'm just here to earn some money to pay for my tuition."

This reason was so compelling that Wen Haishan couldn't help but believe it. According to the registered information, this Huang Xiaochuan was indeed just a college student.

Undeterred, Wen Haishan continued, "Student Huang, may I ask who it is?"

Huang Xiaochuan sneered inwardly. Just a moment ago he was calling me Mr. Huang, and now that he knows I'm just a gofer, he's become Student Huang. People like that!

Huang Xiaochuan glanced at Wen Haishan with amusement: "Mr. Wen, can you keep a secret?"

Wen Haishan puffed out his chest: "Of course I can!"

Huang Xiaochuan laughed and said, "I can do it too!"

Wen Haishan was speechless and frustrated. He had been tricked by a young man and returned to his office dejectedly without getting any useful information.

Although he didn't believe Huang Xiaochuan's story, he didn't believe that a young man who dared to bring 1.5 million yuan to the stock market to buy stocks must have some powerful background. He wondered who was behind this young man and who seemed unapproachable. He figured it was better to avoid trouble.

This wasn't the first person to misunderstand Huang Xiaochuan's identity; Huang Xiaochuan had no idea that his behavior would cause such a misunderstanding.

In the morning, Wan Yuhuan did her best to buy 21377 shares of Shenzhen Development Bank for Huang Xiaochuan before the market closed. Huang Xiaochuan, not wanting to linger too long at the Shenzhen Stock Exchange, signed a purchase entrustment agreement with Wan Yuhuan, authorizing her to buy a total of 125000 shares of Shenzhen Development Bank for him at a price of 12 yuan per share.

After that, Huang Xiaochuan left and went directly to Hong Kong. There were a lot of things there that needed his approval. Although Charlie Cho and Lin Junhao could help him handle many trivial matters, the final decision still had to be made by him, the boss.

On August 9, Wan Yuhuan completed Huang Xiaochuan's entrustment and bought a total of 125000 shares of Shenzhen Development Bank at an average price of 11.85 yuan per share, spending a total of 1,481,250 yuan. After adding the handling fee of 0.05%, Huang Xiaochuan's account still had more than 17,000 yuan left.

With everything settled, Huang Xiaochuan was ready to leave. He originally wanted to fly directly from Hong Kong to Nanjing, but after inquiring, he found out that his business travel permit could only be used for travel between Hong Kong and Shenzhen. He couldn't even think about flying from Hong Kong!

Before leaving, Huang Xiaochuan went to the company to settle things and gave Cao Charlie the phone number at Qingjiang's home in case of emergency. He said he could call the mobile phone or pager in Shanghai after September.

Ugh! This communication method is so frustrating! It's so inconvenient! Huang Xiaochuan couldn't help but complain to himself again.

Before leaving, Huang Xiaochuan bought four bottles of Remy Martin Louis XIII and several cartons of cigarettes for Lao Huang, his uncle, and Lao Yu in Hong Kong. Fortunately, none of them smoked much, so he brought them the cigarettes so they could give them to their friends.

I originally wanted to buy a few more bottles, but Huang Xiaochuan simply couldn't carry them all! Should we use a freight forwarder? Who knows when we'll receive them?

All the items purchased in Hong Kong were subject to customs duties and customs certificates were obtained upon crossing the border. However, the few bottles of wine he brought for the three of them were the largest and heaviest, but it was only right for Huang Xiaochuan to endure a little hardship in order to show his respect to these three people.

If logistics hadn't been so slow during that period, Huang Xiaochuan wouldn't have bothered with the inefficient method of carrying it around.

After saying goodbye to Huang Boyi and his second senior brother, Huang Xiaochuan politely declined their offer to see him off. He then took a car to Baiyun Airport, from where he would fly directly to Nanjing Dajiaochang Airport in business class.