Stock Liao information

— Basic knowledge of stocks|Introduction to basics of stocks|Stock learning|Basic knowledge of stocks

A share of the ox year of the past: can you remember those years of you and me that are not dusty?

Release Time:2021-07-21 Topic:A share trading uniform Reading:10 Navigation:Stock Liao information > Comprehensive > A share of the ox year of the past: can you remember those years of you and me that are not dusty? phone-reading

A small town poet

Shuipi talks about the family’s words and listens to it, and then it is bright and partial.


The story of the year of the ox, to There was no result until the year of the tiger. And this was 35 years ago.

From November 10 to 13, 1986, the People's Bank of China held a Sino-US financial market seminar in Beijing. The media at the time used the title "Wall Street Tycoon Brings'Financial Markets' to the Great Hall of the People" to describe this unprecedented high-profile meeting.

In a press release written by Jaime A. FlorCruz, the chief correspondent of Time magazine in Beijing at the time,

"China’s fledgling stock market learns from the insiders of the United States" Said-An unusual seminar was held in Beijing last week. At the meeting, 20 top-level American securities dealers, bankers and lawyers dressed in thin striped costumes explained to more than 200 Chinese banking and financial officials in Mao-style uniforms the incomprehensible U.S. and Western stock lending markets Basic knowledge. Chen Muhua, then governor of the People’s Bank of China, said at the meeting:

"We must learn and absorb useful experiences from other countries!"

(Photo source of Deng Xiaoping’s meeting with John Van Erlin: Xinhua News Agency)

Among these American guests was John J. Van Erlin, Chairman of the New York Stock Exchange. . Phelan, Jr.). After the meeting, 82-year-old Deng Xiaoping made a special trip to meet with 55-year-old John Van Erlin on November 14. During the period, the latter presented Deng with a badge from the New York Stock Exchange, and Deng Xiaoping gave him a piece of "Xiao Feile" stock with a face value of 50 yuan in return.

This is of course an "Easter Egg" arranged in advance by China's foreign affairs department and the United States.

(Photo source of Feilo stock data map: Beijing News Network)

That’s it , Fan Erlin became the first American financier to own a Chinese stock, namely Shanghai Feilo Acoustics Company, a socialist enterprise. And more importantly, this was the first time

the top level in China used specific actions to affirm the legitimacy of a company’s issuance of stocks.

When Shanghai chose to present this gift, in order to show that the stock is regular, authentic and effective, the shareholder column specially filled in the name of Zhou Zhishi, the deputy governor of the Shanghai branch of the People’s Bank of China. Fan Erlin was extremely happy after taking over the stock. But after all, he is an expert in the securities industry. After taking a closer look, he asked the question: "Whose name is on this stock?" "Zhou Zhishi." The translator told him.

"Oh? I can't use someone else's name for my stock. I want to transfer to Shanghai." Fan Erlin said unexpectedly, and rubbed his hands with satisfaction: "That's a good idea!" Meeting After the end, he led a group of entourage and American reporters to Shanghai.

Of course, Fan Erlin didn't open an account in China in the end, because it was four years before the Shanghai Stock Exchange opened. However, at that time, the people wearing Mao-style uniforms in the eyes of Westerners were exactly the year before he received the first public offering of Chinese stocks—

In 1985, he really began the exploration of the reform of the shareholding system.

(Bull ticket in 1985)

In 1985, it was China In the Yichou year of the lunar calendar, Nayin is "the gold of the sea". Children born that year are commonly called "Golden" Ming. The woman now known as the "Queen of Chinese E-commerce" was born that year. In the past year of 2020, she sold 31.09 billion yuan in live streaming on Taobao, which is the second and third place in total. And just tonight, the CCTV Spring Festival Gala also moved its warm-up program into the Weiya live broadcast room.


In 1986, the Shenzhen Special Economic Zone began to try to reform the enterprise shareholding system.

On April 1, 1988, Shenzhen Development Bank started the earliest securities trading on the counter of the Special Zone Securities Company. Subsequently, Vanke, Jintian, Anda, Yuanye (the predecessor of Century Xingyuan) and others successively issued stocks and went to the OTC to form the "Old Five". On December 1, 1990, the Shenzhen Stock Exchange started its trial operation (because the application was not approved), and the old five started trading.

(Picture source of the main entrance of the Peacock Hall of Pujiang Hotel: Photograph by Sun Bin)

On December 19, 1990, at 11 o'clock in the morning, in the Peacock Hall of Pujiang Hotel at the intersection of Huangpu Road, Shanghai, accompanied by the opening gong, the Shanghai Stock Exchange officially opened, and trading of the old eight shares began. They are: Yanzhong Industry, Vacuum Electronics, Feilo Acoustics, Aishi Shares, Shenhua Industry, Feilo Shares, Yuyuan Shopping Center, Zhejiang Phoenix; the base point of the Shanghai Composite Index is 100 points, and the opening day is 96.05 points. Infinite short gains, to close at 127.61 points.

(Taking: Financial Big V Broadway)

It is worth mentioning that, Tianfeile shares listed on the Shanghai Stock Exchange at an opening price of 323.5 yuan per share. By January 10, 1992, its stock price reached 1007.40 yuan, becoming the first 1,000 yuan share in the history of A-shares. After that, it went all the way up. To

May 25 of that year, Feilo shares rose to a high price of 3,550 yuan, which became the highest share price record for A-shares that has not yet been surpassed. You must know that even as of February 10, 2021, Kweichow Moutai (SH: 600519), which has a market value of 3.25 trillion yuan, has a stock price of only 2,600 yuan per share, which is the historical peak of the latter.

But in 1990, the total market value of A shares accounted for only 0.12% of GDP, which was only 2.8 billion yuan.

On July 3, 1991, the Shenzhen Stock Exchange officially opened. In October of that year, the first B-share Shenzhen CSG B public offering.

On January 19, 1992, Deng Gong visited the south and encouraged stock market experiments, which promoted the first big bull market in China's stock market. On October 26, 1992, the Securities Commission of the State Council (hereinafter referred to as the Securities Commission of the State Council) was established; Zhu Rongji served as the director and Zhou Daojiong as the deputy director. At the end of October of the same year, the China Securities Regulatory Commission (hereinafter referred to as the China Securities Regulatory Commission) was established. The first chairman of the China Securities Regulatory Commission was Liu Hongru. And

the merger of the two was in April 1998.

From 1992 to 1997, the business departments of securities companies in various places appeared one after another.

The first bear market appeared in 1993 and lasted until 1996. The first investment fund, Zibo Fund After listing, the first control stock certificate was speculatively speculated.

Until 1996--before the beginning of the year of the ox, A shares began to implement a 10% daily limit system and implemented online subscription of new shares, which ended the first generation of stockholders. Snakeskin bags hit a new history.


(1997 Niu Piao)

"1997, come on now, I'm going to Hong Kong", many people have always thought that Ai Jing's popular song was published in 1997. In fact, it appeared five years ago. Now, in 1997, the Year of the Ding Chou Ox is really coming.

On February 18, the Shanghai Stock Exchange Index plummeted 8.91%. On February 19, news of Deng Xiaoping’s death came out. On February 20, the stock market fell first and then rose, rising 5.39% from the lowest point of 870 points. Since then, under the leadership of Shenzhen Development Bank (SZ: 000001, later renamed Ping An Bank) and Sichuan Changhong (SH: 600083), the Shanghai Stock Exchange Index rose from 870 points to the highest of 1510 points that year, and the Shenzhen Component Index reached a history of 6103 points. Highest point-This high point was not broken until the end of 2006.

That year, Qin Chi continued to appear as the CCTV standard king at the beginning of the news broadcast at 19:00 in the evening. On November 8, 1996, Qin Chi paid a bid of 321,211.8 million yuan for this. In 1994, the bidding price of the CCTV bidding king "Confucius Mansion Banquet" was less than 60 million yuan. However, the Confucius Mansion Banquet was replaced by Qin Chi in the CCTV bidding war.

The boss of Qin Chi has only been successful for two years. "Every day he drives a Santana into CCTV and a luxury Audi."The dream did not continue to come true. Due to the failure to convert economic benefits into development stamina in time, after the "blending incident" was exposed by the media in early 1997, Qinchi's sales plummeted because of the lack of crisis tackling. The sales volume of 650 million yuan that year was only 43% of the previous forecast. So far, Qinchi Winery is still maintaining production, but the glory of the year has passed.

There was another stock called Qiong Minyuan that once had a glorious time. In 1997, trading was suspended due to fraudulent performance. During the one-year period from February 5, 1996 to February 27, 1997, the stock price went from a minimum of 1.55 yuan (after the restoration of rights) to a maximum of 26.4 yuan. The maximum increase calculated based on the closing price reached 1528%. In June 1999, Qiong Minyuan was saved by Beijing and transformed into Zhongguancun (SZ:000931). The actual controller of the latter is Huang Guangyu, who has fallen from the cloud with boundless beauty in the next ten years.

In November 2008, Huang Guangyu, his brother Huang Junqin and chairman of Zhongguancun were arrested for stock price manipulation.

As of the close of trading on February 10, 2021, Zhongguancun’s stock price closed at 6.80 yuan per share, with a market value of 5.121 billion yuan.

Data source: Xueqiu

Zhongguancun’s daily limit history after 2008

Data source: Stock News 360

During the same year, NeXT Computer Corporation merged with Apple. Jobs returned to Apple as CEO and sought a $150 million cash injection from its main competitor, Microsoft. At that time, Apple was on the verge of bankruptcy, its stock trading price was less than US$1 (after adjustment for the split), and its market value fell below US$2 billion.

But who would have imagined that such a company on the verge of bankruptcy would explode after a few years. Gas. In the year of Xin Chou, 24 years later, its market value has exceeded US$2.3 trillion, making it the world's most valuable listed company.

This year, Jack Ma is also developing its official website and online trading market for Chinese products for the Ministry of Foreign Trade and Economic Cooperation of China. In May of the same year, Elon Musk had just graduated from the University of Pennsylvania; and Ma Huateng founded Tencent Computer Systems Co., Ltd., a year later.

Maybe the Chinese entertainment circle should be fortunate that the current two top-ranked Wang Yibo and Guan Xiaotong landed in 1997.

In May of that year, Hong Kong discovered the world’s first human death from avian influenza. Today, the global number of deaths from the new crown has reached 2.33 million, and the number of deaths caused by the new crown epidemic in the United States will soon exceed the number of Americans in World War II.

On May 9, the stamp duty on China’s A-share market was raised to five thousandths.

Also in May of that year, IBM developed Deep Blue, a supercomputer specially designed to analyze chess, and defeated the world chess champion Kasparov in one fell swoop, opening the world of artificial intelligence in the twentieth century. At that time, Deep Blue could search and estimate the next 12 moves.

Ten years later, AlphaGo, an artificial intelligence program developed by the Google DeepMind team, defeated the world’s number one player Ke Jie 3:0, and was awarded the title of professional 9-dan of Go by the Chinese Go Association. However, Nie Weiping said it is at the level of 9-dan. "At least 20 paragraphs." The final version of AlphaZero has a more powerful learning ability, self-learning, and can reach the level of Alpha Go Master surpassing China's top chess player Ke Jie in just 21 days.

On June 26th of this year, JK Rowling published her debut novel "Harry Potter and the Sorcerer's Stone" in London, but only 500 copies were originally printed. Publisher’s advance payment: $1282. As of 2018, Harry Potter and his partners have earned booksellers $7.7 billion.

It is necessary to say one more thing. In 1999, JK Rowling sold the film rights of the first four books of the series to Warner Bros. for $1.3 million. In the end, Warner, which took eight Harry Potter films, recorded a box office of $7.2 billion.

Computers and human brains won in 1997, and

humans The world's victory and defeat is far from over-on July 1, the A-share market was closed. Hong Kong returns to the motherland. July 2, ThailandAnnouncing the abandonment of the fixed exchange rate system and the implementation of a floating exchange rate system, officially igniting a financial turmoil throughout Southeast Asia. On the same day, the Shanghai stock market fell 4.10%. In late October, international speculators represented by Soros moved to Hong Kong and pointed directly at Hong Kong's linked exchange rate system. On October 23, Hong Kong's Hang Seng Index fell sharply by 1211.47 points; on the 28th, it fell by 1621.80 points, breaking below the 9,000-point mark. In the face of fierce attacks from international financial speculators, the Hong Kong Special Administrative Region government reiterated that it will not change the current exchange rate system. In the end, the Hang Seng Index rose and reached another tens of thousands of points.

In June, Zhou Zhengqing replaced Zhou Daojiong as chairman of the China Securities Regulatory Commission. On August 15, the State Council decided that the Shanghai and Shenzhen Stock Exchanges were placed under the direct management of the China Securities Regulatory Commission. But the local over-the-counter stock market is still managed by the local government. On October 8, the State Council passed the "Interim Measures for the Administration of Securities Investment Funds" in principle.

24 years later, in the 2021 Lunar New Year of the Ox, the whole people buy the base, and various ETFs flood the Alipay purchase page in the 5G era.

On August 4, Three Gorges Water Resources (SH:600116) was listed on the Shanghai Stock Exchange; on November 8, the Three Gorges of the Yangtze River in China was successfully closed, marking the completion of the first phase of the Three Gorges Project. The second phase of the project began. Until May 20, 2006, the main project of the Three Gorges Dam was fully completed. On November 1, 2020, the China Development and Reform Commission announced that the Three Gorges Project has completed the overall completion and acceptance procedures, which marks the completion of the construction tasks of the Three Gorges Project. As of the last trading day before the arrival of the Year of the Ox in 2021, the total market value of the Three Gorges Water Conservancy Project was 16.565 billion yuan.

On August 31, the former Princess Diana of the United Kingdom was killed in a car accident at the Alma Bridge tunnel in Paris. ; On September 6, Princess Diana's funeral was held in Westminster Abbey in London. More than 2 billion people around the world watched the funeral.

On December 19, James Cameron's "Titanic" premiered, and the song "My Heart Is Still" became popular all over the world. The film has also become the world's first film with a box office of more than 1 billion U.S. dollars. So far, the total global revenue of the film has reached 2.187 billion U.S. dollars. This record was maintained for 12 years, until Cameron's own screenwriter and director's sequel "Avatar" surpassed it in 2010.


Twelve-year cycle, the hour hand quickly dials to 2009, the Chinese lunar calendar year of Yichou, the five elements belong to the "wood life".

(2009 bull ticket)

The bull ticket in 2009 is a fire Niu, and in the beginning of 2009, a fire broke out in Beijing-on the evening of February 9, 2009, the CCTV Television Culture Center (also known as the new CCTV site North Annex), a new landmark in Beijing’s CBD area, was under construction at the time. Extraordinary fire. Since then, the official unveiling ceremony of the CCTV headquarters building, which cost 5 billion yuan to build, did not hold until 2018.

A fire on CCTV seems to be ready to burn the haze left by the global financial crisis that began on August 9, 2008.

Since the US subprime mortgage crisis in the second half of 2008, the global economy has plunged into grief. The "Occupy Wall Street" movement began to brew.

In the first quarter of 2009, China’s exports turned into a double-digit negative growth, and industrial production fell sharply, power generation increased zero, a large number of small and medium export companies closed, and unemployment surged in coastal areas. The background of this situation stems from the impact of the global financial crisis in the second half of 2008.

During this period, the unemployment rate in the United States rose to 7.4% in January 2009, the yen appreciated sharply, and major Japanese auto and electronics companies reported a total loss of more than 2.6 trillion yen. The recent U.S. President Barack Obama did not sign and approve the US$787 billion economic revitalization plan until February 18 of that year. In April 2009, Chrysler Motors, one of the three major auto companies, filed for bankruptcy protection; in June, General Motors of the United States announced that it filed for bankruptcy protection and organized reorganization; the old monthly magazine Reader's Digest, the world's largest circulation magazine, declared bankruptcy in August protection.

Different from the West, China’s official "economic stability and growth" has actually been deployed since the 4 trillion yuan (approximately US$586 billion) investment plan set in November 2008. The "fundamental bottom" of listed companies appeared roughly in the first quarter of 2009, and the downward trend in performance growth began to slow down. The "market bottom" of the stock market roughly appeared in November 2008. By 2009, when the market saw the amount of credit, the stock market was very clear.The performance is out of control, and the performance of the stock price is far ahead of the performance of the fundamentals. Whether it is steel, coal or other resource products, various prices have risen since the beginning of 2009, and have risen continuously and sharply. As of August 2009, it has basically at least doubled. The Shanghai Composite Index started from 1820.81 points and reached its highest point of the year at 3378.01 points in August.

On May 19, the executive meeting of the State Council decided to subsidize 7 billion yuan to "trade in old" for auto appliances. Benefiting from this, the Chinese auto market has maintained positive sales growth for nearly ten years until 2018.

At the end of June, the People's Bank of China announced data that China’s foreign exchange reserves stood at US$2131.6 billion, which was the first time it exceeded US$2 trillion, a year-on-year increase of 17.84%. The scale of China's holdings of U.S. Treasury bonds also exceeded US$800 billion for the first time.

On July 27, the first round of China-U.S. Strategic and Economic Dialogue opened, and the stability of this benign communication bridge between China and the U.S. was not affected by the conservative and unilateralism of the U.S. until the Trump era. break in.

On October 1, on the occasion of the 60th anniversary of the founding of the People’s Republic of China, a large-scale military parade and mass parade were held at Tiananmen Square in Beijing.

Sixty-one Jiazi, China's national strength and international image have once again been fully demonstrated in front of the world.

On October 30, the GEM, which has been in preparation for 10 years, opened, and the first batch of 28 stocks appeared collectively. These stocks are sought after by funds. Due to excessive speculation on the GEM, 28 stocks were temporarily suspended from trading on the first day of listing by the Shenzhen Stock Exchange in accordance with regulations, setting a new record for the Chinese stock market. Since then, the Shenzhen Stock Exchange has formed a multi-level market structure of the main board + small and medium board + ChiNext.

After 11 years, except for the "out of the group" Jinya Technology, the remaining 27 stocks on the ChiNext are still alive. On the first day of listing on October 30, 2009, the total market value of the 27 GEM stocks was about 134.822 billion. At that time, only Lepu Medical (SZ: 300003), Shenzhou Taiyue (SZ: 300002), Huayi Brothers ( SZ: 300027) The market value of 3 shares exceeds 10 billion yuan. At that time, Lepu Medical had the highest market value, at 25.74 billion yuan.

In 11 years, Aier Ophthalmology (SZ: 300015), Yiwei Lithium Energy (SZ: 300014), and Lepu Medical have successfully entered the top three market capitalizations of 27 GEM stocks. Data show that as of the close of February 10, the latest market value of Aier Ophthalmology, Yiwei Lithium Energy, and Lepu Medical is 375.47 billion yuan, 209.664 billion yuan, and 60.85 billion yuan. Aier Ophthalmology won the title of “Big Brother” with a market capitalization of 28 stars, and Jifeng Technology (SZ: 300022) ranked bottom among 27 stocks with a market capitalization of 1.418 billion yuan.

Also in 2009, Huang Guangyu resigned as a director of Gome for some reason, and the year of Xin Chou in 2021 was the first year Huang Guangyu really started to revitalize the family business after returning to Gome. For Huang Guangyu, who is known as a "business butcher", the V-shaped reversal of life has gone through 12 years, and most people have witnessed the V-shaped reversal of the Chinese economy, which is actually in the midst of the great downturn in 2009. Have experienced it once.

(Cattle ticket for 2021)

From the Spring Festival of 2021, the Chinese New Year The year is approaching. On February 10, 2021, which is also the last trading day of the Year of the Rat, the three major indexes soared across the board and hit new highs.

The Shanghai Composite Index surged 1.43% to close at 3655 points, setting a new high since 2016 and approaching the high at the end of 2015; the Shenzhen Component Index rose 2.12%, the ChiNext Index surged 2.39%, and the ChiNext index was not only 5 The new high in the past year and a half, the point has also approached the Shanghai Composite Index. The turnover of the two cities reached 875 billion yuan. The total market value of A shares reached 89.19 trillion yuan, and at the end of the previous year of the pig, that is, on January 23, 2020, the total market value of A shares was 64.4 trillion yuan.

Perhaps stockholders still vaguely remember: February 3, the first trading day in early 2020, when the epidemic was raging and the people were panicking, the A-share market collapsed on the opening day, and more than 3,000 stocks fell to the limit. Then in March, under the outbreak of the overseas epidemic, he experienced great turbulence, and then went out of the bull market that was rising all the way. As of February 10, the Shanghai Composite Index rose 22.8% throughout the Year of the Rat, and the ChiNext Index surged 77.09%.

Nowadays, the "Golden Bull Lunar New Year" in Beijing Financial Street has raised its feet. The black swans have been submerged for several years in the Year of the Ox.In the smoke and dust.

In the face of major changes unseen in a century during the "14th Five-Year Plan", China has initiated a "double-cycle" development model in a new situation, releasing more institutional dividends and consumption potential, and driving a new round of economic growth cycle with technological innovation. On this occasion of resigning from the old and welcoming the new, I wish you all good luck and prosperity in the new year!

Article Url:

Label group:[stock] [stock market value] [Huang Guangyu

Hot topic

Comprehensive recommend

Comprehensive Popular