ebookland Chapter 242 Zheng Xinrong, the Stock God of Tianhai, and Xiao Jinhua, the Genius of Yanjing!
Chapter 242 Zheng Xinrong, the Stock God of Tianhai, and Xiao Jinhua, the Genius of Yanjing!
Tianhai Securities Building.
Inside the general manager's office of Luyuan Investment Company on the thirteenth floor.
After waking up from his afternoon nap, Zheng Xinrong leisurely sipped his afternoon tea and checked the stock market trends.
Seeing the stocks glaringly green as the market neared its close, I couldn't help but smile.
"Haha~ What did I tell you?"
"This wave of state-owned enterprise stock sales, aimed at replenishing the social security fund, is a major negative for the stock market!"
"In addition, with the bursting of the dot-com bubble in the United States and the severe blow to tech stocks, how could the domestic financial market not be affected?"
Zheng Xinrong picked up his coffee cup and took a sip with a smug look on his face.
I increasingly feel that my title of "Tianhai Stock God" is truly well-deserved and not just an empty name.
Although he was born into an ordinary textile worker's family in Tianjin.
However, since their ancestors were all from Tianhai, even if they didn't become very wealthy, they had still seen and experienced life.
As a child, Zheng Xinrong heard many legendary stories.
Speculating in stocks, futures, trading gold yuan notes, speculating on treasury bonds, and dealing in rice, flour, and cooking oil...
Countless people have made a fortune through financial speculation, while countless others have lost everything and perished in the Huangpu River.
Zheng Xinrong, who dreamed of becoming a financial tycoon since childhood, constantly learned knowledge and accumulated capital.
When the economy first opened up, he decisively resigned and went into business.
Relying on his parents' experience in the textile industry, he opened a factory and engaged in foreign trade, making a lot of money.
When the Tianhai Stock Exchange opened in 1990, Zheng Xinrong rushed in without hesitation.
There weren't many listed companies back then, and the trading volume wasn't large either.
Zheng Xinrong ran his business while also trading stocks.
Until 1994, when the stock market crashed and many people panicked and sold off their shares, he sensed an opportunity.
Ignoring his family's objections, he sold the factory he had worked so hard to build over the years, sold a large number of properties, withdrew all his savings, and invested it all in the stock market.
While others were frantically selling, he was frantically buying up the shares.
Many people say he's crazy.
But this high-stakes gamble, which risked his entire fortune, ultimately made him a fortune.
The ten million yuan they scraped together by selling everything they owned turned into several hundred million yuan.
Back then, many people only earned a few hundred yuan a month.
Zheng Xinrong, who has hundreds of millions of yuan, has already spent more than ten million yuan to order a Rolls-Royce Phantom.
He also became the first Rolls-Royce owner in Tianhai!
but……
Zheng Xinrong, who rose to fame in one battle, has not yet been hailed as the "God of Stocks at Tianhai".
Because in many people's eyes, his huge profit this time was purely due to good luck, boldness, and daring to go against the trend and buy at the bottom.
He could not replicate the same miracle.
Zheng Xinrong didn't bother to respond to any of the various comments.
He was determined to become a financial tycoon and had no interest in responding at all.
Whether others praise or belittle you, will it bring you any financial benefit?
Since there's no benefit to it, why bother caring about what others think and say?
Even though his family said he shouldn't be a nouveau riche, and that he should buy dozens of houses instead of spending over ten million on a Rolls-Royce.
He also said that he shouldn't have rented an entire floor in the Tianhai Securities Building to trade stocks on the top floor of the stock exchange, which was too domineering.
He just smiled without saying a word, too lazy to explain.
Despite his ambitious goals, Zheng Xinrong did not become arrogant or complacent after making a fortune.
He was well aware that his purchase of a Rolls-Royce and his stock trading on the upper floor of the stock exchange were to build his reputation, attract investors, and raise more funds for his operations.
Moreover, the secret to success in the stock market is not actually trading techniques, but rather the ability to understand changes in the domestic and international situation and analyze the effects of policies.
Of course, no matter how good the technology is, it can't compare to inside information!
After achieving fame in one battle.
Some people doubted her, while others supported him.
They already had several hundred million in capital, plus a large amount of funds raised.
Zheng Xinrong, who had a large amount of capital at his disposal, had been steadily trading in the Shanghai and Shenzhen stock markets for two years.
Because his annualized return rate was nearly 20% for two consecutive years, many people who invested in him made money.
As a result, more and more people are joining his private equity fund.
Even worse, some people will sell their possessions and scrape together money to invest.
At the end of 1996, the market became excessively frenzied due to the crazy investment and stock speculation craze.
In order to restore investors' rationality and prevent the stock market from turning into a casino, regulators have successively issued a number of measures.
As a result, the Shanghai Composite Index plummeted from over 1,000 points to just over 800 points, and many stock prices suffered catastrophic losses.
Many people thought that Zheng Xinrong, who had a huge amount of money at his disposal, would once again choose to go against the trend and frantically buy at the bottom.
No one expected that he had already cashed out and left the market when it was overheated.
This successful avoidance of the stock market crash has convinced more people that Zheng Xinrong is truly capable.
As a result, even more people joined his private equity fund.
Back then, some people already called him the "God of Stocks".
However, some people still remain skeptical of him.
Zheng Xinrong has yet to respond to this.
The following year, the Asia-Pacific financial crisis broke out, and the stock market crashed once again.
While many stock investors were lamenting their losses, Zheng Xinrong decisively took action.
He was convinced that the top leadership would not stand idly by and would never allow the economy to continue to deteriorate.
really.
In order to revitalize the market economy and alleviate the financing difficulties of enterprises.
In 1999, China successively promulgated a series of policies, and the stock market gradually recovered.
But at that time, many people did not know that an unprecedented bull market was about to arrive.
Zheng Xinrong, who had made ample preparations long ago, finally ushered in his 'battle for godhood'.
On May 19 alone, the Shanghai Composite Index surged by 4.64%.
In the following 29 trading days, the cumulative increase was nearly 70%.
During the same period.
The dot-com bubble in the United States is intensifying.
Many startups that didn't even have a clear profit model have seen their stock prices skyrocket after going public.
Influenced by this trend, many domestic companies have followed suit, with a large number of listed companies rushing to change their names and hype up new concepts.
Various so-called 'tech stocks' have emerged one after another, but many of these companies simply have 'tech' in their names, while their business operations have nothing to do with technology.
But the frenzied stock market investors didn't care about that.
Everyone rushed in and bought aggressively, causing stock prices to surge one after another, with the Shanghai Composite Index soaring to over 2,000 points.
In this unprecedented bull market, many of the stocks managed by Zheng Xinrong have more than doubled in value.
An Yi Technology's stock price was originally less than two yuan, but at its peak it was driven up to more than one hundred yuan.
Zheng Xinrong's net worth has exceeded 10 billion yuan, and he has made a fortune.
Finally, he achieved legendary status in one battle.
No one doubted anymore that he was not the stock market guru of Tianhai.
Zheng Xinrong naturally didn't care much about the title of "stock market guru".
All he cares about is making money!
While countless people remained deeply engrossed in the frenzy, Zheng Xinrong realized it was time to stop while he was ahead.
He believes this bull market is a move by the top leadership to ensure that the real economy receives support from the financial market.
Once a large number of state-owned enterprises receive valuable funds for restructuring, the stock market will inevitably adjust.
Moreover, the dot-com bubble in the United States has already inflated too wildly, and it's only a matter of time before it bursts.
Moreover, once the bubble bursts, how could the financial market in China not be affected?
Ever since!
Even though the market hadn't reached its peak, Zheng Xinrong began selling stocks continuously and advised his friends to take profits while they were ahead.
Many people just won't listen and still think the bull market will continue indefinitely.
The US dot-com bubble has burst, and people are still rushing to escape.
On June 13, the decision-making body announced the reduction of state-owned shares to raise funds for social security.
Despite such significant news, some people are still foolish enough to believe that a bear market is not coming.
How is the result?
The stock market continues to decline.
A large number of stocks are showing a bright green.
Zheng Xinrong, who had already made a fortune by leaving the venue early, naturally couldn't help but feel smug.
Jingle bell~
Jingle bell~
The landline rang.
Zheng Xinrong glanced at the incoming call number.
I discovered it was my old friend He Zhimiao calling, so I quickly answered the call.
"How's it going, Lao He? You've fallen into the green again today, almost as green as the green hat on your head, right?"
He Zhimiao, on the other end of the phone, was furious and started cursing.
"Damn it, you're the one who's been cuckolded, your whole family is! Damn it!"
Zheng Xinrong burst into laughter.
"Oh dear, you're already angry? Why are you so upset?"
"I advised you to stop before, saying a stock market crash was coming. Who didn't listen?"
"Now that you're falling so low every day, your heart is breaking, and you must be regretting it to the core, right?"
He Zhimiao said angrily, "Stop gloating, okay? You should have quit while you were ahead. You made a fortune, so be happy about it!"
Zheng Xinrong took a puff of his cigar.
"I only advised you to leave quickly because I consider you a friend."
"Believe it or not, the bull market is over, and what's coming next is a stock market crash, not a bear market!"
"The impact of the bursting of the US internet bubble will last a long time, and the reduction of state-owned shares in our country will only make matters worse for the market."
"Just wait and see. So what if the stock index falls below 2000 points? I don't think it can even hold 1500 points this year. If you don't want to end up on the streets, you'd better cut your losses and get out of the market!"
He Zhimiao sighed heavily and muttered something in a low voice.
"I've already had it cut!"
Upon hearing this, Zheng Xinrong burst into laughter again.
"Hey Lao He, you've finally figured it out!"
There's a saying: "Those who don't heed the advice of their elders will suffer the consequences!"
"You're the kind of person who won't learn your lesson until you see the coffin, and won't turn back until you hit a brick wall!"
"But it's good to cut losses now. Although we'll lose a few dozen points, it won't wipe out our capital..."
Before he could finish speaking, He Zhimiao interrupted, saying:
"Alright, alright, stop nagging, okay?"
"I called you to ask if you have any other plans for tonight."
Zheng Xinrong leaned back and put his feet on the desk.
"What? You lost money in the stock market, so you think you can win it back at the poker table?"
"Be careful, you might not recover any health, but instead lose a chunk of flesh! Haha~"
He Zhimiao snapped irritably, "Can't you stop laughing, you son of a bitch? I'm talking to you about serious business!"
"Oh, oh, oh, then you tell me, you tell me!"
Although Zheng Xinrong stopped laughing out loud, he still looked smug.
Because he had advised He Zhimiao long ago.
Instead of racking your brains over stock trading, it's better to invest your money in your own private equity fund and sit back and collect dividends.
But He Zhimiao refused to believe it and insisted on proving that he could also make money from stocks.
Now that he has fallen so miserably and is in such pain, Zheng Xinrong naturally can't help but gloat.
"Do you know that Xiao Jinhua has come to Tianhai?"
He Zhimiao's words immediately made Zheng Xinrong's smile freeze.
Xiao Jinhua!
These three words weighed a ton for Zheng Xinrong.
There's a joke circulating in the financial industry.
In the south there is Zheng Xinrong, and in the north there is Xiao Jinhua!
Both are super bigwigs and legendary figures in the financial industry.
But Zheng Xinrong, who was very self-aware, knew that he was not worthy of being compared with Xiao Jinhua.
Who is Xiao Jinhua?
Xiao Jinhua was born in the Yanjing Municipal Party Committee compound.
My mother is a professor at the School of Economics and Management of Tsinghua University, and my father is the deputy director of the Yanjing branch of the Agricultural Bank of China.
His grandfather was even more impressive, having served as the Deputy Director of the Financial Services Department.
In terms of family background alone, Xiao Jinhua is miles ahead of Zheng Xinrong.
As for their educational and upbringing experiences, there's no comparison.
Xiao Jinhua, with his exceptional intelligence, was specially admitted to Yenching University's gifted class at the age of fifteen.
Ordinary people either study humanities or sciences, but he studied both.
During my five years at the university, I earned dual master's degrees in economics and computer science.
Many people thought that a genius like him, with an excellent family background, would definitely get a job in the system, rise rapidly in rank, and achieve something no less than his grandfather.
Surprisingly, less than two years after joining the central bank, he gave up his highly coveted job to start his own business, and instead of financial investment, he focused on physical business operations.
But a genius is a genius after all, especially with such a privileged family background.
He quickly became a billionaire by acting as an agent for various international brand electronic products such as computers and printers.
With capital in hand, Xiao Jinhua embarked on a series of investments, acquiring stakes in several companies, all of which successfully went public.
After these companies went public, Xiao Jinhua, as a shareholder, naturally saw his assets skyrocket, quickly reaching tens of billions.
and so……
When Zheng Xinrong spent over ten million yuan to become the first Rolls-Royce owner in Tianhai.
Xiao Jinhua, however, spent hundreds of millions to buy an airplane, becoming the first entrepreneur in China to own a private jet.
Based on this alone, Zheng Xinrong knew that there was a huge gap between him and Xiao Jinhua.
His only psychological comfort was that when the 1997 Asia-Pacific financial crisis broke out, Xiao Jinhua unexpectedly could not escape the disaster, and his assets shrank significantly.
However, this crisis did not cause Xiao Jinhua to fall into despair. Two years after the crisis, he quickly made a comeback and caught up with the bull market that started in 1999.
Moreover, unlike Zheng Xinrong, who profits from buying low and selling high by investing in stocks, Xiao Jinhua, who made his fortune through real-world investments, also tends to profit from investments, even in the financial market.
Just like last year, Xiao Jinhua successively invested in and acquired shares in several city commercial banks. This year, he took advantage of the regulatory authorities' cleanup and rectification of the securities industry to acquire several securities companies.
Even though Xiao Jinhua had not yet entered the insurance industry, in Zheng Xinrong's mind, Xiao Jinhua was already a god-like figure in the financial industry. His business empire was so vast that Zheng Xinrong could not compare to it at all.
Even though he caught two major bull markets and avoided one major stock market crash, and profited handsomely from the stock market, Zheng Xinrong knew that his paper wealth was only about the same as Xiao Jinhua's, but his future prospects were far inferior to Xiao's.
They own listed companies, securities companies, and commercial banks.
What do I have in my own hands?
Aside from a large amount of idle funds awaiting investment, they don't even own shares in a single large company.
At best, I am just a super retail investor with a large amount of capital.
Xiao Jinhua, on the other hand, was a true big player in the market.
As long as he's willing to manage and operate, making money is a piece of cake.
So when Zheng Xinde heard that Xiao Jinhua was coming to Tianhai, she didn't dare to cross her legs anymore.
As Zheng Xinrong lowered his legs from the desk, he involuntarily leaned forward and asked curiously:
"Why is he here? When did he arrive?"
"He must have just arrived. He's at the Peace Hotel right now. I even asked around. Guess who he's meeting this time?"
Zheng Xinrong became anxious.
"Damn it, why are you keeping me in suspense? Just tell me already!"
"Zhao Ruilong!"
He Zhimiao calmly uttered three words.
Upon hearing those three words, Zheng Xinrong could no longer even cross his legs.
He couldn't even sit still anymore.
It was as if a steel nail had suddenly sprung up from the leather executive chair, making him stand up abruptly.
"No way? He went to the Peace Hotel to meet Zhao Ruilong? That Zhao Ruilong, the behind-the-scenes boss of Huilong Group, the heir of Handong?"
He Zhimiao hummed in agreement twice.
"I have a strong feeling that once they meet, something big is going to happen!"
Zheng Xinrong retorted angrily, "Isn't that obvious? If he wasn't planning something big, why would he take a private jet all the way from Yanjing to Tianhai?"
"Besides, who is Zhao Ruilong? Huilong Group invests hundreds of millions or even billions of yuan in Handong Province at a time, as if his mother has a money printing machine at home."
“Their meeting is definitely for a big business deal or collaboration. But no, with the bear market here, stock trading is risky and doesn't make money. Shouldn't we think of a way to get a piece of the pie?”