Category: Money tips Release Date: 2006-05-29
According to incomplete statistics, as of the end of 2006, Chengdu, the total number of domestic sales department of 87, the total transactions in Chengdu (A, B shares) is 496.435 billion yuan, Chengdu, the total number of investors in the region 1129188. In accordance with the national accounts this year, the rapid momentum, at present, the total number of investors in Chengdu area may have been more than two million, and "stock and fourth city" the title of a well-deserved. Today, the stock market boom that we have peep evident, while the 16 years the stock market situation in Chengdu, who are familiar with it? "The Three Musketeers" is a witness to this historical change, they used the eye, heart sentiment of this change. Know the history can be foreseen or grasp of the future, and now the reader to follow us back to 1992, to take a look at Chengdu, the 16-year stock market changes.
Musketeer one: "red man"
16 contains transmigration "securities of the Night" to say "long-film"
Character sketch: Lv Chong, Chengdu, 33 channels leading financial host, the host of "securities of the Night" a household name. He witnessed 16 years of stock market turnover CBBC, Chengdu, the stock market situation changes, people have changed.
Insights: The stock market cycle of an important part of life.
Chengdu, the securities industry insiders affectionately call Lu Chong as "red brother." Yesterday, Chong talk about Costa Rica to reporters pressed experienced ups and downs of Chengdu, the securities industry.
Investors
Stock retrogradation
Investors to mention the wallet to open an account
In 1988, the birth of the first securities company in Chengdu, Sichuan Securities (now West China Securities). From 1992 to 1996 11 months ago, very few securities company in Chengdu, A shares trading deserted in 1994, Hu Zhi once plummeted as low as 326 points, "the first to eat crab" and most investors leave the stock market. Until November 26, 1996, People's Daily published an editorial against the stock market, the Government has continuously introduced the "rescue" policy, China's stock market was revived, the second generation of investors flocked into the stock market inspired by the policy, so that the securities business department was pitiful, " crowds, "Sichuan Securities owned business divisions of the front of each night from the" queue. " At that time the initial capital accounts of individual investors start at 50,000 yuan per household, but also a cash transaction, waiting for investors to open accounts in Chengdu were carrying different weights of the pocketbook. To maintain security, and even armed police ordered to Chengdu mouth guard in the securities business departments.
Shares things
Gallery ago
Granny's stocks caboose Life
Chengdu Exhibition Hall located in the seat of Imperial history, when the first batch of private capital Chengdu manipulator agreed that this is a feng shui treasure land, 1996 years or so, there have been more than a dozen crowd in the securities business department Pavilion "opened for business ", Sichuan Securities, Guotai Junan, Shenyin and other securities companies have to seize this" high point. " One to the trading hours of the exhibition hall where all the places where bicycles can be parked presented "busy" in a spectacular scene. Circulating in society at that time such a joke in real life: the year in the exhibition hall, a caboose old Mrs in front of parking according to the number of changes, as the basis of buying and selling stocks, the harvest abundant. After the stock market once again take the bear, people no longer see the old prefect car, but Granny said he got into the securities business of a household in the Ministry of room to continue her amazing life stocks.
Practitioners
From bicycles to cars
16 years experience in Chengdu stock market developments and changes in most impressed by the investment has changed life, changed the mentality of chasing fame and fortune in the process has been repeated vicissitudes of the times. Prior to 1996, Chengdu, employed in the securities that very few people owned private cars, such as Chengdu, the securities sector, there is a celebrity, for the first time onto the stage to do when the bike show, and soon after which he opened on the Alto car, there is no How long replaced by Daewoo. This year, the securities company in Chengdu from ordinary workers to the CEOs of the income, the occurrence of different degrees of "nuclear change" basic "gun-for-hunting rifles." Prior to 1996, one year from the market to earn one million dollars have been enshrined as the "spirit", and now has 1 million fund investors everywhere, even in some business department has been recognized as retail. The most crucial is that equity investment to change the fate of many people, so that their pace of life and the stock market in order to melt together.
Musketeer two: Yang Wei
Chengdu, close observation of individual investors has been very tough
Character sketch: Yang Wei, a native of Chengdu who Shaanxi Street, Chengdu Huaxi Securities vice president of business engaged in the securities industry for 14 years. In 1992 in Chengdu, "Hongmiao child" fried warrants in 1994, served as the "red vest", 2001 New York State University study in the United States.
Experience: Chengdu securities industry in all aspects of the development of leap, but the retail group in Chengdu rational weak forces are relatively strong.
Shares things
Joint Venture Bank
And friends endure a two-night
In 1992, Yang Wei and Friends, a joint venture in the former province of Sichuan, the library next to the A shares of the trust business department to open accounts, when he and his friends came in two of the team before opening night on the household. 1992-1994, Chengdu stock trading in all securities business department are hand-declaration form, a shareholders must first spend 5 yuan to buy a stock in the business department commissioned by the sale of a single, and then fill in the name of its own stock to buy, code, price, the number of declarations by hand to the staff. In 1994, the self-service delivery machines the first time the stock of the securities business department in Chengdu, the greatly increased work efficiency.
Chengdu, the securities industry
Variation in education practitioners
In December 1993, the original construction of road to build China Guotai Securities Sales Department, Yang Wei became the first formal staff. College degrees or higher when the company's employees account for only 10% of the total number of the remaining 90% of the Vocational School of Health. After 1996, Chengdu Securities and practitioners concerned with the degree of income and the improvement of their social status corresponding increase in many, many graduates of elite economic class plunge into the embrace of securities companies. The end of 2006, employees of securities companies in Chengdu with tertiary education has reached more than 60% -70%, Dr. no shortage. Securities companies in 1994, the "red vests" and -500 yuan monthly salary is 300 yuan, in 1996 raised to 3,000 yuan (not including the commission part), before and after a 10-fold rise.
Investors
Chengdu retail
Groups of coastal power impertinent
YANG Wei come into contact with a large number of small and medium investors in Chengdu, the stock market in 2001, he "peaked" before the study in the U.S., to strengthen their professional knowledge. In 2005 after returning, he served as first-line West securities business department's work. Over time, he was surprised to find, Chengdu retail groups in the previous "Zhuanggu era" and now "era of value investing," theoretical and intellectual aspects are still weak, but for information, in terms of risk-takers are still keen, there is no essential change. In addition, groups of chase sell into the strength of Chengdu and capacity is very tough, no less developed coastal regions.
The three musketeers: Tian-Ming Li
Chengdu Securities plum incense from the bitter cold to
Character sketch: Tian-Ming Li (a pseudonym), the National Gold Securities (formerly Chengdu securities) south of the department manager of a sales department. In early 2001, as a province, a well-known University of Finance and his master's degree in the research department of a state-owned commercial banks and securities companies have chosen to Chengdu securities work.
Experience: Chengdu securities industry after the boom in cold weather.
Recently, Tian-Ming Li contact several times, constantly in the middle of time before we interviewed him, "really sorry, but this time to open an account too many people, and accounts must be queued up for many years I have not seen the case. Weekend we have to work, but also contact the customer off not open body busy. "sorry Tian-Ming Li said.
Has just one entry
The stock market from summer to winter
Recalls that time, Tian-Ming Li said at the time the stock market picking up steam, he is also a great interest in preparation for an exhibition punched and kicked. However, no thought of a securities company into their own on the stock market suffered from the dramatic changes in summer to winter. He was in Chengdu, west of a securities business department, which initially business hall inside the peak and visitors crowd, great enthusiasm, there are stocks of relatives and friends repeatedly called to ask if he has "inside information." Securities companies of that era, the overall characteristic is this: Sales Department are all pulling in the streets of the most prominent position, but no fewer than three floors rented. Retail floor lobby, second floor in the family room, three large rooms and office.
In June 2001, stock drop that time, we do not realize that the advent of a bear market that is only a small adjustment. Less than two months, "blue chip blue-chip stands for" blowing bubbles crashing Guangxia rupture, Dongfang Electronics, MACAT, Lam shares of the so-called blue chip stocks were successively placed on file the Commission inspection. Some intermediaries crazy forgery, a serious blow to confidence in the market, index blew out. Tian-Ming Li said at the time and out of the retail sales department, basically could not see his face smiling Shazi, better pick up the newspapers were read, read the yells. The large room, there are a few people "stick to their posts", that the fall is the best buying opportunity. Sure enough, by the end of October, ushered in a wave of stock index rebounded, and many investors cheer up again. Quotes may be this wave only lasted less than two months, they stop suddenly, Hu Zhi and then slowly step down passers-by.
Bottomed
Basic emptied of students accompanied by
Tian-Ming Li said that although the second half of 2001, basically in the fall, but because the basis of in front, so they all kinds of bonuses, wages combined incomes still have thirty or forty thousand yuan. But in 2002, it marked Buxing Le, the original retail packed hall, the crowd disappeared, becoming sparse, the securities company's revenue decreased significantly. Securities companies began downsizing, there is no choice of being laid off switch, most went to the fund. To the end of the year, and some securities firms are not made year-end awards. In 2003, Tian-Ming Li of the annual income continued to decline, to about twenty thousand, there are no undergraduate students into the bank's income is high. Because it can not see the hope of the stock market in 2003, Tian-Ming Li classmates to stay in securities companies are basically all gone.
Backdoor wave
Let brokerage revenue soared
In 2004, one after another brokerage collapsed, and Chengdu have reduced the size of a lot of brokers. The shadow of a bear market has always been shrouded the stock market, individual investors have become the entrance hall Luo bird. In order to save expenses, in 2005 Spring Festival is over, this sales department put on the first floor facade had terminated their tenancies. Although the second half of the stock market started to rise, and we are not optimistic about the recovery of Quotes, so the daily trading volume is still small end of the year, plus bonuses, Tian-Ming Li or only more than 20,000 yuan in revenue.
"2006 is not the case, and Yongjin department to acquire our company, we have turned into a country gold securities, but also backdoor listing, new shareholders strong, our revenue has soared in the bull market has returned to its original level." Tian-Ming Li pleased to say that, and as the stock market's hot, he transferred from the west of the city of Seongnam, a post from the original vice president promoted to manager of the department.
"After several years of winter, and now the stock market, more than the previous bull market hot."
Commentary
"National stocks," This again
Cao Ming
It is no exaggeration to say that the Chinese stock market ushered in another "popular stocks" era.
Data show that in April the number of new accounts for 4.787 million, more than the sum of the combined two-year 2005,2006. This momentum after the holiday, and no sign of abating, as of May 14, Shanghai and Shenzhen A-share accounts have been over 300,000 for five consecutive days. A quarter of the market since the incremental funds, personal funds and institutions to achieve a 2:1 ratio of funds. The current retail market value of the shareholding proportion was as high as 65% -70%.
All are due to the market wealth effect. All-time high in 2001, was easily across, 3,000 points, 4,000 points, still seems unable to stop the bull market's lead. Accompanied by a strong upward stock is that many investors to earn pours. Although not every participant to share a feast to the bull market, but it did not affect the enthusiasm to work off the money.
The "history" as a warning, you can know "the rise and fall." Quotes detonated year bull market in Internet stocks also attracted a large number of investors to join, when holdings retail market has reached 89%. But in the end as the bubble burst, leading to journey into Nankeyimeng gold. Not only many investors suffered heavy losses, and some even had to contend with the stock market goodbye.
In a sense, "national stocks" is actually a ruler. In the large foreign investment bank warning A-share market risk, high proportion of retail shareholders is one of the important criteria for judging. The current index is high, the increasing accumulation of market risk, maintain a sober, locking the bull market of the fruits of victory, waiting for the arrival of the next opportunity, but also a smart choice. After all, whether bull or bear market, the market there are opportunities for investors to grasp the key.
