Countercurrent 1982

Chapter 1564 Low-key opening

Shenzhen Stock Exchange On December 1990, 12, in front of the Shenzhen Stock Exchange, as Wang Jian, then deputy general manager of the Shenzhen Stock Exchange, rang the opening bell, China’s capital market opened a new historical curtain——Shenzhen Stock Exchange born.

On this day, Duan Yun and his wife were also invited to participate in the trial opening ceremony of the Shenzhen Stock Exchange. At 7 o'clock in the morning, they had already arrived at the VIP room of the Shenzhen Stock Exchange by car, separated by a layer of glass, ready to witness this historical moment.

On that day, the Shenzhen Stock Exchange was on the 15th floor of the Shenzhen International Trust Building. There was no cheering sound of firecrackers, gongs and drums, or crowds of people. Dong Guoliang, the supervisor.

Wang Jian and Yu Guogang stood next to the bell, and the opening ceremony was very simple. At 9:3, Wang Jian, the head of the preparatory team of the Shenzhen Stock Exchange, rang the bell for the trial operation. The "dismal" opening of the institute, except Duan Yun and his wife, only [-] other people attended the opening ceremony and witnessed this "dismal" history.

According to Yu Guogang, one of the founders of the Shenzhen Stock Exchange at that time and the deputy general manager of the Shenzhen Stock Exchange, described the scene at that time with a lyric.Let me describe it to you with the lyrics of a song called Ten Sends the Red Army, and there is a line in it called 'gongs are silent and drums don't beat'.The opening of the Shenzhen Stock Exchange on this day can be said to be quietly opened.It was Wang Jian who was pulling the rope when the bell was ringing, and I stood beside him with Wang Jian, and the market opened at nine o'clock. After the bell rang, there were no offers and transactions throughout the morning, and the market opened in an empty market.

At this time, an insider from the International Investment Fund Department came in and told Wang Jian that those brokerages conspired yesterday, and today they deliberately did not declare orders and want to empty the market, embarrassing you.Wang Jian and Yu Guogang were extremely angry. Yu Guogang immediately sent someone to the brokerage to investigate, and found that there were indeed stockholders who entrusted them with buying and selling orders, but the brokerage deliberately refused to report.

The trial operation of the Shenzhen Stock Exchange is so tragic and deserted, which is mainly due to man-made reasons.Wang Jian and Yu Guogang overcame one technical difficulty after another to establish the Shenzhen Stock Exchange, but some difficulties were man-made.One is that some people think that with only 7 stocks, manual trading by securities companies is enough, and building such a first-class computer trading equipment is a bit overkill.The second is that some people hide their self-interest.Because of the poor transparency of manual trading and over-the-counter trading, some people can take advantage of this disadvantage to engage in shady trading, manipulate the market, and desperately make money for themselves.If it is changed to centralized trading and operated by computers, these disadvantages can be overcome, so that those who use shares for personal gain will have no loopholes to exploit.The third is to open a stock exchange. The transaction fee income of these securities companies has disappeared, and their interests have been seriously damaged.Therefore, these people are firmly opposed to centralized trading on the Shenzhen Stock Exchange.

To put it bluntly, the establishment of the Shenzhen Stock Exchange has touched the cake of some black market brokers, because once the Shenzhen Stock Exchange regulates the trading of stocks, it will be difficult for them to profit from the information gap, and they will not be able to obtain lucrative procedures. fee.

For a whole morning, Duan Yun and his wife sat in the trading room. Being bored, Cheng Qingyan even wanted to leave for a while. In her opinion, his Tianyin Real Estate Company had already completed the split of shares and the transfer of some shares before it went public. As for how much the remaining 20% ​​of the shares raised from the public can be sold, in fact, it has little impact on his real estate company.

Another point is that although the asset appraisal of Tianyin Real Estate Company before listing has been underestimated to a certain extent, Cheng Qingyan herself is not willing to sell the shares to the society, and now no one is buying them, which is exactly what she wants.

Seeing that there was no stock transaction throughout the morning, Wang Jian immediately asked the two directors of the People's Bank of China to report the situation, but there was no evidence at the moment, and the two directors were helpless.

It sounds absurd that the trial operation of the Shenzhen Stock Exchange has no stock transactions in the morning, but it actually happened at that time.

At this time, Wang Jian was a little embarrassed. He obviously underestimated the strength of the Shenzhen black market brokers. He did not expect that the strength of the Shenzhen black market would be so united, which gave him a blow at this critical moment.

But in any case, the Shenzhen Stock Exchange, which has been planning for such a long time, cannot usher in "opening the door". hang 1".

At this time, Duan Yun, who was sitting in the VIP room through the glass, saw this scene, picked up the mobile phone in his hand, and dialed a series of numbers.

More than 10 minutes later, five men in black suits and purses entered the Shenzhen trading hall and directly subscribed for 5 shares of 5 shares in Shen Anda, completing the first transaction of new China stocks.

This is also the only transaction in the morning of Shenzhen Stock Exchange's soft opening.Although only 8000 shares were traded, it created a precedent for stock trading in New China.

However, in terms of transaction procedures, due to the fear of unexpected situations on the opening day, the leaders of SZ City required stock transactions to "become simple to complex, from easy to difficult, manual first, and then computer".In addition, there was only one Shenanda stock custody that could be officially traded on that day, so the computer did not come in handy, and the operation of the day was completed manually using a whiteboard.

In addition, at the beginning of the establishment of the Shenzhen Stock Exchange, real-name authentication was not required for stock transactions. China really began to use identity verification and name authentication to purchase stocks in Shanghai in 1992, and before that, it was possible to buy at will.

And when Wang Jian and Yu Guogang saw these men in black suits leaving the hall and waving to Duan Yun in the VIP room, they immediately understood what was going on.

In fact, the 8000 shares of Anda shares are only about 4 yuan, but buying stocks on the Shenzhen Stock Exchange at this time is more symbolic than practical, and it also avoids the dilemma of being listed at 0 on the opening day of the Shenzhen Stock Exchange.

Afterwards, Wang Jian walked to the VIP room and patted the team members on the shoulder lightly. Although he didn't say anything, his face was full of gratitude.

After the market closed that day, Duan Yun and his wife took a group photo with Wen Tongyun, the market representative of the State Investment Fund Department, Wu Min, the market representative of the Non-ferrous Securities Department, Wang Jian, Yu Guogang, and Zhou Shunxiang, a consultant of the Shenzhen Stock Exchange.

These 7 people witnessed the historical situation of the opening, closing and trading of stocks on the first day of the new China Stock Exchange. The 5 of them are definitely iconic figures in the history of Chinese stocks.

"Hold on, the situation will gradually get better. Later, I will arrange some people to create momentum for you. It is estimated that a large number of stockholders will come to our Shenzhen Stock Exchange to trade soon." When leaving the hall of the Shenzhen Stock Exchange, Duan Yun said to Wang Jian and Yu Guogang beside him said.

(End of this chapter)