Feng Yu and Norio Ohga did not sign the contract after their discussion as Norio Ohga still needs to report this matter to the board. After the Board of directors agreed, then he would sign the contract with Feng Yu. Norio Ohga promised Feng Yu that it would not be difficult to get the approval.


    Feng Yu also felt that it should not be a problem. Aiwa had reduced its debt these two years, but the amount it owned was still a lotpared to its market value. Aiwa even wanted to build new factories and the debt will increase further. Heitaro Nakajima’s management had made lots of Sony’s shareholders unhappy.


    You are already in debt, and yet you still want to expand?


    Sony was also not doing well in the past two years, and they had no reason to refuse Feng Yu’s offer. Norio Ohga promised Feng Yu that he would get back to Feng Yu within one week and woulde over to China to sign the contract.


    Feng Yu happily returned to Bing City to prepare for his final exams. After he entered Arts stream, he needs to memorize more things, but this was what Feng Yu was good at. With his knowledge from his previous life, Feng Yu’s results were much better than his first year.


    ......


    The form teacher was standing in front of the ss encouraging the students. He was telling the students to not be nervous about the exams when Feng Yu’s pager beeped.


    Before the teacher asked Feng Yu to stand outside the ss, Feng Yu walked out of the ssroom. The rest of the students knew that Feng Yu would not obediently stand outside the ss. Once Feng Yu was out of the ss, he would disappear.


    “The newspaper, read the newspaper now! !” Li Shiqiang was shouting excitedly over the phone.


    “Mr. Sun, do you have today’s newspaper?”


    “Me? I only readst week’s papers. If you want to read today’s papers, you can go out of the school, and there’s a newspaper stand on the left after the first junction.” The school’s newspapers were only for the school’s leaders. After the leaders finish reading, it would be passed on to the teachers and then passed to Mr. Sun.


    Feng Yu ran out of the school for the newspaper stand.


    , found it!


    “The State had decided to establish a stock exchange at the end of August to early September. The 18panies which will be the first batch ofpanies nominated to be listed are Vacuum electronic, …… “


    Hahaha, the stock exchange was set up earlier than before!


    18panies were going to be listed on the stock exchange. Feng Yu remembered that only 13panies were listed in his previous life. Among these 13panies, 8 were from Shanghai and 5 from Peng City. These 13panies wereter known as Shanghai 8 and Peng 5 shares by the investors.


    It was because these 13 shares were like being possessed and the prices kept soaring!


    When Feng Yu was acquiring the shares, his main priority was these 13panies’ shares. But he also bought other shares as thosepanies would be listed too. Theing year would be China’s first bull market!


    Feng Yu felt that these 13 shares would rise at least 8 folds and Vacuum Electronics would increase over 20 times! Because of the other stocks, Feng Yu told Li Shiqiang and the rest that the profits will range from 3 to 5 folds. But now, if the number of listingpanies increases, then he might be earning even more.


    The State had chosen morepanies to be listed might be due to their studies that the stock market could stimte the country’s development. If it were only 13panies, there would be too little shares. At least, Feng Yu could tell that the economists now were more willing to take the risk than his previous life.


    But there might be another possible oue. Now, morepanies were being listed, and investors had more choices. There might be the possibilities that some stocks might not rise so fast.


    But Feng Yu had researched on China’s current policies, and there was not much different from his previous life. The policies were encouraging people to invest in financial instruments, increase spending to promote economic growth. So, the stock market now would be as prosperous as his previous life. The share prices will rise!


    Feng Yu now have over 2 hundred million worth of shares, and it was not enough for him to be a big yer. On this day next year, Feng Yu’s shares would bring him profits of more than 3 times his investments.


    It was not easy to be a big yer now. Transactions were done in person, and if the transacted amount were too significant, it would be easy to attract unwanted attention. What if some government officials took notice of Feng Yu?


    Feng Yu’s strategy was to wait. The stock exchange had just started, and there are only a few million RMB worths of transactions daily. In Feng Yu’s previous life, the stock market boom happened only after the “Great One” gave a speech during his visit to the South. It was in 1992, around May. The stock market soar by over 100% for consecutive few days. During that time, there were still not price limit policies to reduce the vtility and stabilize the market.


    Since the stock exchange had been brought forward, then would the “Great One” visit to the south be brought forward too? Will the bull market start earlier?


    Feng Yu felt that it was highly possible!


    Moreover, Feng Yu could also use a small number of his shares to do trading. The profits from doing trading will not be low either, and it was not illegal. The only issue was that it was troublesome.


    There was no online trading in this era, and Feng Yu could only trade over the counter!


    Trades can still be conducted at the banks over the counters, but the share prices will not be the same tte fast like the stock exchange. There was still no inte now, and if you buy the shares in the morning, you might have to wait untilte afternoon to find out that the shares prices rose. The efficiency was terrible!


    ……


    Feng Yu was sitting in Tai Hua Trading’s meeting room, to share the good news with everyone.


    After the stock exchange was set up, the stock prices will surely soar after the initial surge and next year, the value of their shares would be at least doubled!


    Everybody was excited. When Feng Yu told them that in 1 to 2 years’ time, their shares will soar by two to three times previously, they were still a bit spectacle and worried. But now, the share prices were increasing.


    Today, after announcement, Li Shiqiang and some of the staffs went to the banks to ask. The share prices did increase slightly.


    Although the sudden surge did not appear, they had already made some profits. Now all of them believed what Feng Yu said.


    After the meeting, everybody was still excited, especially Li Shiqiang. Now he felt that Feng Yu was right to ask him to take up loans to buy shares!


    The interest from the loans cannot bepared to the increase in stock prices. He was now eagerly waiting for thepletion of the stock exchange. The sooner the exchange starts operating, the earlier he would see his money!


    Feng Yu was holding his chin thinking about the stock market. Next year’s January, the stock market would slow down, and Feng Yu nned to sell sold off his shares to trade in futures. After that, he would reinvest all his money into the stock market. By that time, his assets would be enough for his to do a lot of things……


    Author’s notes: When securitiespanies were introduced, shares were still in paper forms, and people still go to the banks to trade. Price limit policies started in 1996 to prevent anyone from manipting the stock prices.