Coming Back in 1990s Chapter 18

As for stocks, there is still money to be made if you invest these days.

Fang Bo remembered that the old eight stocks were listed and traded in December this year, but you couldn't buy them even if you had money. Most stock holders were unwilling to trade their stocks easily, so there was no market for them.

In addition, before May 1992, the exchange adopted a price limit system of 0.5% and 1%. Even if the stock price continued to rise, it was not much, and it was not easy to make money.

It was not until January 1992 that Shanghai issued its first "stock subscription certificate" at 30 yuan per copy in unlimited quantities. It was said that sales were poor and the sale was postponed. The plan was to issue 5 million copies, but in the end only more than 2 million copies were sold.

But after four rounds of draws, the winning rate was over three quarters. The winning subscription certificates could be used to purchase original shares with extremely low face values. At the peak, each winning subscription certificate could earn 10,000 yuan.