Reborn: I'll Never Fail My Childhood Sweetheart Again-Chapter 257 - 113: B-share Market Reopens, 300% Return Rate!

Chapter 257: Chapter 113: B-share Market Reopens, 300% Return Rate!

The B-share market was born in February 1992 in Shenghai, with the issuance of Vacuum Electronics B-shares marking the opening of China’s B-share market.

However, its development was not smooth. With the accelerated pace of companies listing directly overseas as H-shares and N-shares, the function of domestic companies raising foreign capital through the B-share market weakened significantly and it soon went dormant.

Even in later years, it remained in a state of half-life.

Nevertheless, despite the underperformance of B-shares, there were two instances of very frenzied trading in the market.

The first boom took place from November 1996 to May 1997, with the Shanghai B-share index rising from 44.8 points to 99.31 points, an increase of 121.67%.

The second boom was from March 2000 to June 2001, with the Shanghai B-share index rising from 35.46 points to 241.61 points, an increase of 581.36%!

The second boom was triggered in February 2001, when the Xia Country Securities Regulatory Commission and the Foreign Exchange Department issued a notice allowing domestic residents to buy and sell B-shares, reopening B-shares to domestic investors and pushing the market to an extreme. From the pre-opening B-share market level of 83.20 points to 241.61 points on June 1, the Shanghai B-share index soared by 190% in just 3 months, with many B-shares even rising over 300%!

It’s now February 2001, and the second wave of the B-share market, which is also its most frenzied performance, is about to begin.

There is already a lot of news online about the B-shares reopening to domestic investors, which also stirred up Su Zelin’s memories of the B-share market.

Su Zelin became excited all of a sudden.

The stock funds from the digital store were just freed up during the winter vacation, coinciding perfectly with the frenzy of the B-share market.

In just three months, several B-shares saw astronomical growth, averaging a 100% increase per month. Especially from February to March when the B-share market had just reopened, the surge was even crazier, profiting over 150% in a single month wasn’t impossible.

Although it couldn’t compare with Shenghai Mei Lin, it was still an extremely rare money-making opportunity.

A hundred thousand yuan wasn’t enough funding for this opportunity that doesn’t come often, I need to go bigger!

Before the B-share market reopens, I need to raise as much capital as possible!

After getting involved with Shenghai Mei Lin previously, and frequently discussing stocks with my dad, he had come to trust my investment judgment, believing it to be more than just luck. I could convince him to invest.

When we make that much money, it wouldn’t be unreasonable to ask my dad for a share.

Oh, I should also ask if Uncle Qin has any interest.

In the past life, I wronged Qin Shiqing, and Su Zelin always felt guilty towards the Qin family, even though the same thing didn’t happen in this life, Su Zelin still thought he should try to make amends, and this was an opportunity for redemption.

Of course, it wouldn’t be polite to take a share from Uncle Qin.

Hmm, who else could I get money from?

In 2001 not many families had large sums of spare money.

My own family might have a few hundred thousand in savings, which is quite wealthy.

Even a wealthy family was like that, so ordinary families, especially the children in ordinary families, would certainly have no money at hand.

Among my high school classmates, the closest is Haizi, but Haizi’s household isn’t well off.

Others have average relationships, borrowing money is impossible, nothing to borrow, all pass.

As for university...

Su Zelin’s eyes lit up.

Oh, there is someone far away yet close at hand.

Su Zelin slapped his thigh, Nanaz is like a little rich girl with a small treasure vault!

It was also because she had money that she was deceived by Di Sishao in the previous life.

Heard that he tricked her out of about ten thousand yuan in total!

Ten thousand yuan is not a small amount, she could be given a share by then, just don’t know if she would trust me.

After all, though I’m familiar with Nanaz, we’ve only known each other for less than a semester, not quite the decade-long acquaintance from the previous life when I could take SLR pictures of her from different poses and angles at high resolution.

Anyway, I should give it a try.

With this in mind, Su Zelin’s attention returned to QQ.

One Year Old But Very Handsome: "Nanaz, do you have a little treasury, I want to borrow some money!"

Nanaz: "What’s the matter, are you in trouble?"

Hearing Su Zelin say this, Ding Linna stopped her banter with him and asked with concern.

As she knew, her class monitor could also count as a little wealthy second generation; he shouldn’t be lacking money.

One Year Old But Very Handsome: "No, I’ve found a good investment, with expected high returns, but I am short on funds, so I want to raise more, I’ll pay you back in three months with double the amount!"

Some B-shares could yield up to 300% in three months, giving Nanaz double and still making a good profit for myself, so Su Zelin was being generous.

Nanaz: "Investment? Like doing business?"

One Year Old But Very Handsome: "Yeah, something like that, it takes three months, guaranteed profit!"

Nanaz: "Alright, is five thousand enough?"

She knew that Su Zelin’s family was in business, so needing funds occasionally for investments was normal.

If the other party was opening their mouth to borrow, it wouldn’t be just three to five hundred.

Five thousand was not a small amount, yet Nanaz trusted the slick talking boy, believing he wouldn’t deceive her.

For in the previous life, she even trusted a fraud like Di Sishao, let alone Su Zelin now.

Though often slick-tongued and playful, she found him reliable when serious.

For example, Liuu Wanyin’s scholarship. The competition within the department was fierce, with less than a third getting approved, yet Liuu Wanyin got it, supposedly thanks to Su Zelin’s efforts to secure it.

Lately, he had also been working as a temporary worker to help Liuu Wanyin overcome her social anxiety and secure a part-time job at the digital store. Before the interview, Su Zelin, the class monitor, often cosplayed different roles for her practice.

So, in Ding Linna’s eyes, this boy was definitely not a bad guy, much less a scammer.

Ding Linna agreed so readily, and offering five thousand surprised Su Zelin slightly.

Seems I underestimated the camaraderie shared from sneaking into the woods with Nanaz, our friendship indeed runs deep!

One Year Old But Very Handsome: "Five thousand is okay, but the more the better!"

Su Zelin didn’t act too modestly around Ding Linna, as it wasn’t only about borrowing money, he was also making money for Nanaz.

The more she invests, the bigger her return would be in three months!

One Year Old But Very Handsome: "How about this, Nanaz, I’ll pledge myself to you, no matter how much you lend, if I can’t return double your principal in three months, I’ll be yours, do whatever, I am obedient and skilled, you won’t lose!"

Su Zelin jokingly said.

Nanaz: "Oh, such a good deal, alright, let’s shake on it, I can lend you eight thousand; I’d better keep some for myself!"

Ding Linna was financially savvy.

Here, financial management didn’t mean investment, but she understood saving money since childhood.

Her father used to be a leader in a well-off department of Rizhao, where people sought favors often, and during New Year gifts were abundant, naturally, people were also generous to Ding Linna, the red envelopes were substantial, and having saved for over a decade, she had amassed a "fortune."

Nanaz wasn’t expecting Su Zelin to really return double, she just wanted her principal back in three months; after all, she wasn’t a loan shark.

Even loan sharks couldn’t compound interest at double in three months.

One Year Old But Very Handsome: "Great, Nanaz, love you so much! [flowers][heart][lips]"

Nanaz: "Stop that, three months, remember, if you don’t pay back, you’re mine![knock on head][pig head]"

One Year Old But Very Handsome: "Haha, I’ll definitely come through, no becoming a pup in the wolf gang!"

Nanaz: "Give me your account number!"

One Year Old But Very Handsome: "6217***********, CCB!"

Nanaz: "OK, are you in a hurry? If so, I’ll head to the bank now and transfer it."

One Year Old But Very Handsome: "No rush, take your time over the next few days."

Nanaz: "Alright, I’ll transfer after I get off later!"

"..."

Whew, another eight thousand!

Su Zelin heaved a long sigh of relief.

After three months, this amount would not only cover the double principal promised to Nanaz but also bring me more than fifteen thousand in profit.

Searching my mind again for others I could raise funds from, I couldn’t think of anyone.

There aren’t many acquaintances like Nanaz who have a little treasury, and the dorm’s five misfits are out; even though Ah Ping’s family is wealthy, he spends substantially meeting net pals, leaving him often penniless by month’s end, and borrowing a small sum isn’t meaningful either.

Actually, there is another person, someone from whom I could borrow even more than from Nanaz, maybe even more readily.

As long as I asked, she would undoubtedly give me all her money without a second thought.

Coincidentally, I’ll be seeing her today.

However, I am hesitant to ask this person.

Should I or shouldn’t I?

This dilemma left me tangled in thoughts.

...