My Realistic Simulation Game

Chapter 98 Shenzhen Stock Exchange's Early Start
Qin Yuan and Markov returned to their hotel room around 10:30 p.m.

As soon as I entered, I saw that Magan was still awake, sitting on the sofa, frowning and looking miserable in front of the TV screen.

In Guangdong in 1990, although there were many television channels, most of them were in Cantonese.

The TV programs and dramas broadcast were all dubbed in Cantonese.

Ma Gan'er, a Hebei native who frequented Beijing, was completely bewildered and could only barely keep his eyes on the subtitles at the bottom of the screen, finding them quite difficult to read.

In this day and age, reading subtitles is not a habit for many people, especially for people like Ma Gan'er with limited education, it is even more difficult.

"Brother Yuan! You're back!" Upon seeing Qin Yuan, Ma Gan'er immediately turned off the TV, stood up, and asked, "How's it going? How are Boss Fang's goods?"

Qin Yuan took off his coat and handed it to Markov to hang up. He nodded and said, "Yes, Fang Minghai is a meticulous person who has strict control over his products. He is one of the few reliable people among Hong Kong businessmen. The goods are fine and of excellent quality."

Ma Gan'er breathed a sigh of relief, then asked, "So how do we transport it back? Should we go directly by rail freight, or... transshipment through Hong Kong Island?"

Qin Yuan paused, his hand already poised to pour water, and looked at Ma Gan'er with some surprise: "Transshipment to Hong Kong Island? How do you know all this?"

In his memory, although Magan was clever, concepts such as international trade and entrepot trade seemed to be beyond his usual knowledge.

Ma Gan scratched his head and smiled a little embarrassedly: "Hey, I was just bored in my room by myself, so I watched TV."

"Previous news reports mentioned that the State Council approved the establishment of the Futian Free Trade Zone in Shenzhen. There were also reports of Guangdong issuing the 'Implementation Measures for Encouraging Foreign Investment,' offering 'two years of tax exemption and three years of tax reduction,' which would be particularly beneficial to Hong Kong Island's re-export trade..."

As he spoke, he picked up a copy of the Yangcheng Evening News that was spread out on the coffee table and pointed to a report in it: "Look, Brother Yuan, it's mentioned in the newspaper too!"

Qin Yuan took the newspaper and glanced at the article that the stick-like man pointed to, but soon his attention was drawn to the entire page of economic news.

He walked over to the sofa, sat down, and began to read carefully by the light of the desk lamp.

Newspapers contain a wealth of information:

The establishment of the Shenzhen Futian Free Trade Zone has been officially approved by the state, aiming to develop an export-oriented economy, attract foreign investment, and provide convenient policies in areas such as taxation and customs clearance.

The "Implementation Measures for Encouraging Foreign Investment" clearly stipulates tax incentives such as "two years of tax exemption and three years of tax reduction at half price," with a focus on supporting export-oriented and technologically advanced enterprises.

In 1990, Guangdong saw the addition of over 500 new foreign-invested enterprises, primarily Taiwanese-owned shoe factories (such as Pou Chen Group) and Hong Kong-owned textile factories.

[Humen's garment industry is booming! The grand opening of Fumin Fashion City has attracted a large number of fabric merchants from Jiangsu and Zhejiang, and a preliminary industrial chain has been formed.]

The "processing trade" model was booming! By 1990, Guangdong had over 4 such enterprises, employing over 500 million migrant workers, and their foreign exchange earnings accounted for 65% of the province's total foreign trade!

Hong Kong capital is the absolute main force! It accounts for over 70% of foreign investment in Guangdong, and major players are making frequent moves: Li Ka-shing recently signed an investment agreement for Yantian Port in Shenzhen, and Fok Ching-ying is building the Luoxi Bridge in Panyu...

One piece of information after another unfolded before Qin Yuan's eyes like a jigsaw puzzle, outlining the vibrant scene of Guangdong, the forefront of reform and opening up, in 1990!
"No wonder Fang Minghai said there were problems with the supply of raw materials in the early stages, but they were resolved later..."

Qin Yuan muttered to himself, "So it's because the opening of the Humen Fumin Fashion City has attracted a large number of fabric merchants from Jiangsu and Zhejiang to come south, thus opening up the supply chain!"

"And what he said about 'being able to expand production capacity at any time' is absolutely true."

"The 'processing with supplied materials, processing with supplied samples, and compensation trade' model, where the state only charges a low processing fee, combined with policy dividends and an almost unlimited supply of cheap labor, made Guangdong in 1990 a paradise for low-threshold, fast-turnover export processing and trade industries!"

"Individual business owners and foreign investors who were quick to seize the opportunity early on have become the biggest beneficiaries of this feast."

His heart was beating faster.

Shenzhen and Dongguan, due to their proximity to Hong Kong Island, have undoubtedly become bridgeheads for domestic manufacturing.

Guangzhou has also firmly established its pivotal position due to its profound commercial heritage.

Meanwhile, a small place like Shunde is quietly nurturing the prototype of a future home appliance giant... Looking at these familiar names and place names, and at this economic landscape full of primitive vitality and wild growth, Qin Yuan felt an indescribable sense of "being in another world".

The wheels of history roll ever onward, and he stands at the forefront of the storm!

However, beneath this seemingly calm and prosperous surface, undercurrents are actually surging.

The turmoil in the Soviet Union, the growing pains of domestic economic transformation, and the fierce clashes between capital, people, and policies... are all hidden beneath this vibrant scene.

suddenly!

Qin Yuan's gaze was firmly fixed on an inconspicuous short message in the lower right corner of the newspaper!
"The Shenzhen Stock Exchange will begin trial operations on December 1, with the 'old five stocks'—Vanke, Jintian, Anda, Yuanye, and China Development Bank (Shenzhen Development Bank)—being the first to be listed."

The Shenzhen Stock Exchange is starting trial operations?!

The "Old Five Stocks" are going public?!

Qin Yuan's heart skipped a beat!
I've been in the Soviet Union for so long that I almost forgot about something so important.

He also recalled that he had used a trick to shift the blame in the group chat, specifically informing the players that the stock exchange would open in December.

I wonder if all these players have gone to Shanghai.

Now that the Yangcheng newspaper has suddenly announced that the Shenzhen Stock Exchange has jumped the gun, I wonder if those in Shanghai who are preparing to invest in the stock market will be completely taken aback.

Thinking of this, he couldn't help but smile knowingly.

After all, Shenzhen's move to "get ahead" was unexpected by too many people.

After all, according to the country's initial plan, Shanghai was to be a financial center, and the Shanghai Stock Exchange was granted approval immediately.

However, the Shenzhen Stock Exchange, with its pioneering spirit and willingness to take risks in the special economic zone, took the lead in trial operation, truly demonstrating its pioneering spirit.

However, this is not necessarily a bad thing.

This move will trigger competition between the Shanghai and Shenzhen stock exchanges, and to some extent it is also forcing the Shanghai Stock Exchange to accelerate its preparations.

Qin Yuan calmed himself down.

He refocused his eyes on the newspaper, looking at the line of text.

He knew better than anyone what this meant!
This is a landmark event marking the official launch of China's capital market!
In the early days of their listing, the stock prices of the "Old Five Stocks" skyrocketed!
Shenzhen Development Bank, in particular, had an initial public offering price of only 1 yuan, but its share price soared to tens of yuan within just a few months of listing!
It has created countless myths of overnight riches!

This is a golden opportunity that only time travelers can seize!

It's a golden channel to accumulate initial capital much faster than trading in clothing or beverages!

He originally went south just to pick up goods, but he never expected to stumble upon this once-in-a-lifetime opportunity!

'Should we stir things up?'

As Qin Yuan looked at the newspaper, this thought suddenly popped into his mind.

“Mug,” Qin Yuan put down his newspaper, his voice regaining its calm, “we’re not going to the airport tomorrow.”

"Huh?" Ma Gan'er was taken aback. "Brother Yuan, where are we going?"

Qin Yuan pointed to the words "Shenzhen" on the newspaper and said casually, "Buy three train tickets for the earliest train to Shenzhen tomorrow. Let's go to the Special Economic Zone for a visit."

(End of this chapter)