Chapter 90 of 100
Chapter 90: Stock Subscription Certificates
15 min read3,628 words
Li Yang wanted to drink with Zhu Daodong, and the result was only one: Li Yang would definitely be the one who got completely drunk. Zhu Daodong didn't know where Li Yang lived, and seeing him fall asleep on the table, he had no choice but to let Hu Zhengqing settle the bill. He and Hu Feng then helped Li Yang to his room. Although Zhu Daodong's room was a single, the bed was not small, and it could easily accommodate two people, especially since they had been bunkmates in school.
It wasn't until the middle of the night that Li Yang, with a splitting headache, woke up. At that moment, Zhu Daodong was still awake, looking at a new map of Shanghai. He was marking the places he needed to go tomorrow, as well as the location of the hotel. It might sound unbelievable, but after looking at the map for a few hours, Zhu Daodong basically knew the major and minor streets, various place names, and buildings in Shanghai, or at least all the names marked on the map.
"Why haven't you gone to sleep yet?" Li Yang asked as soon as he opened his eyes. He only remembered vaguely that Zhu Daodong had helped him to his room while he was drunk, and after that, he remembered nothing.
"I'm looking at the map. There are many places to go tomorrow, and I want to finish the tasks as soon as possible so we can go back early." Zhu Daodong put away the map. He had seen enough, and even without a guide, he could easily find the places he needed to go.
"I'll take a leave of absence tomorrow and accompany you." Li Yang got out of bed and ran to the bathroom to relieve himself.
"No need. You've already done me a great favor by helping me contact these three equipment factories. I can't let your work be affected by mine." Zhu Daodong firmly shook his head. If he were still teaching at Shumu Ridge Middle School, he would have accepted Li Yang's arrangement, but his current status and experiences were different. He was no longer the Zhu Daodong from university; it was as if he had been reborn.
"My current job is very easy, and it doesn't matter whether I take leave or not; I won't lose my bonus." Li Yang smiled.
"You guys in the banking system sure have it good, with great benefits and an easy job." Zhu Daodong said enviously.
"Our job isn't that easy. Normally, we should be busier at the end of the year, but now I've been temporarily assigned to a newly formed department, specifically responsible for selling stock subscription certificates." Li Yang explained. Every bank employee had the duty to sell stock subscription certificates.
"Stock subscription certificates? What are they for?" Zhu Daodong asked.
"Stock subscription certificates."
"Stock subscription certificates? Are they issuing new stocks again?" Zhu Daodong was surprised. Currently, the Shanghai Stock Exchange only had a few stocks, and all of them were soaring in price, making it impossible to buy them. It was a true case of high prices and no market.
"Exactly. This year, they will issue over a dozen new stocks. However, since there are more people than stocks, to maintain order and ensure safety, all new stocks this year will be purchased through stock subscription certificates." Li Yang nodded.
"That's quite unusual. Can you explain how it works?" Zhu Daodong asked. He had read about stocks and had once paid attention to the Chinese stock market. Buying stocks now was like picking up money, but unfortunately, there were few stocks, and everyone wanted to buy but not sell, causing all stocks to rise sharply as soon as they were listed.
"Earlier this year, 'Xingye Real Estate' issued new shares at the Jiangwan Stadium in Shanghai. The method was to first issue subscription application forms, and those who won the lottery could buy the stocks. At the time, eager citizens started queuing up two days in advance, surrounding the large stadium. In the end, the application forms were distributed, but the scene was left in chaos.
The stocks were issued, but the near-fatal disorder and the huge social cost of maintaining order made the management very concerned. This year, I'm talking about the Gregorian calendar, they will issue over a dozen more stocks. How to issue them safely became the top priority for the management.
Therefore, the People's Bank of China Shanghai Branch and the Shanghai Economic System Reform Office came up with a solution: issue stock subscription certificates before the stock issuance. Those with subscription certificates can participate in the lottery, and the winning certificates can be used to purchase stocks." Li Yang explained.
"Are you now responsible for selling stock subscription certificates?" Zhu Daodong's eyes lit up. If it were half a year ago, he would have only been able to look on in envy, but now he was a wealthy man, with assets exceeding 20,000 yuan. He had also studied finance and stocks seriously and felt this was a good opportunity.
"Yes, but don't get too excited. Buying a stock subscription certificate doesn't guarantee you can buy a stock. If you don't win the lottery, it becomes a piece of scrap paper." Li Yang clearly sensed Zhu Daodong's interest. Being in the banking system, he knew the risk was high, and it was essentially a gamble.
"Buying a subscription certificate doesn't guarantee a stock, but not buying one definitely means you can't get a stock. By the way, how much does a stock subscription certificate cost?" Zhu Daodong said firmly. He had brought 10,000 yuan to Shanghai to buy gifts for his family and friends, and a trip to Shanghai wasn't easy.
"Thirty yuan." Li Yang said lightly.
"Thirty yuan?!" Zhu Daodong was shocked. "Why is it so expensive?" For the management, the stock subscription certificate was just a piece of scrap paper, and the thirty yuan was almost pure profit. Even in Shanghai, thirty yuan had significant purchasing power.
"Hehe, now you know. No matter how smart you are, you can't outsmart the leaders. Of course, one subscription certificate gives you four chances, with four lotteries this year. The chances aren't small, but they're not big either. I advise you to think carefully." Li Yang knew Zhu Daodong's family wasn't wealthy, and thirty yuan for a subscription certificate was not cheap.
"Are stock subscription certificates limited in quantity?" The stock subscription certificate seemed to have a special charm. After hearing its name, Zhu Daodong was fascinated. Even at thirty yuan each, he decided to buy some to try his luck. He could afford a hundred, and if he won, he would use the remaining money to buy stocks. The current stock market returns were much better than bank interest.
"Unlimited. As long as you have enough money, you can buy a truckload if you want." Li Yang smiled.
"Li Yang, I want to buy a hundred." Zhu Daodong nodded firmly. Even if none of the hundred certificates won, it wouldn't hurt him.
"You can't buy them yet. Sales start on the 19th at our bank, and they will continue until the end of the month, for ten days." Li Yang said helplessly. He knew Zhu Daodong was determined, and the Zhu Daodong from university was not so decisive, always hesitating and thinking too much. But now, it seemed like everything was under his control, giving people a blind trust in him.
"Ten days? Li Yang, can you do me a favor? You're responsible for selling stock subscription certificates, and all the certificates are sold through your bank. Can you tell me the daily sales data?" Zhu Daodong walked up to Li Yang and asked seriously.
"That shouldn't be a problem. We summarize the data every day." Li Yang looked at Zhu Daodong blankly, not understanding why he was interested in this data.
"Li Yang, thank you!" Zhu Daodong said sincerely. With the insider information from Li Yang, Zhu Daodong could know the daily sales volume and decide whether to buy more. After all, he had more than 20,000 yuan in funds, and the combined funds from the farm and the feed factory were 400,000 yuan. Even after deducting the equipment costs and other expenses for the feed factory, he still had 200,000 yuan to use!
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