Volume 1: From Poverty to Wealth Chapter 5: Stock Accounts That Can Multiply Funds Several Times

  In the Dongcheng District of Beijing, there is a place called Heping. It is divided into Heping Qian Street, Heping Zhong Street, and Heping Bei Street. It's like a big courtyard from years ago. This area was basically one of the first newly built residential areas planned after liberation in Beijing. Similar to modern-day Huilongguan and Beiyuan Jiayuan communities. However, it is close to various government functional departments in Dongcheng District, and most residents are family members of government employees or retired cadres.

  In this large area, restaurants, entertainment venues, supermarkets and hospital facilities are all adjacent to the residential quarters, but due to early planning, the prosperity is not as good as that of the county towns in the suburbs of Beijing. It is also one of the few quiet places in the city center. At the same time, this place has been occupied by branches of major banks, and there are multiple securities companies in one area, such as Zhongzheng Securities, Chuangshou Securities, Haishi Securities, etc., all of which are very close to each other.

  The first floor of the Peace Hotel is Hai Shang Securities. Zhao Xun, who had just returned to the company, had barely taken off his coat and hadn't even warmed up his butt when he heard the sales department's general assistant shouting loudly in the office building corridor: "All personnel are required to attend a meeting in the conference room!" Before he could even turn on his computer, Zhao Xun hastily grabbed his notebook from his desk, found a pen, and rushed to the conference room.

  Walked through the narrow and long corridor. Passed by the empty and spacious lobby. Although today is a rest day, only internal staff are working overtime, the deserted feeling still fills Zhao Xun's inner world.

  At the entrance of the conference room, Secretary Chen Ai Hua was individually recording attendance for everyone. She saw Zhao Xun hurry over and scolded, "Hurry up, Little Zhao. There aren't many people in total, it's not suitable to be late." "Sorry, Sister Chen. I went directly to Fucheng Road Business Department to pick up materials this morning, just got back." Chen Ai Hua nodded without saying anything. At this time, General Manager Shi of the Business Department strolled over with an air of elegance. Young General Manager Shi was a typical second-generation official. He had a height of around 1.7 meters and a relatively handsome face. He wore a pair of trendy black-framed glasses. He really did have the aura of a successful person. Chen Ai Hua saw General Manager Shi approaching and hurriedly welcomed him with a smile, saying, "General Manager Shi, everyone is here. We're just waiting for you to preside over the meeting!"

  Shi nodded and walked into the conference room, looking at the empty space. Including himself, there were only eight people in total. He secretly curled his lips and felt a bit depressed in his heart. He thought to himself: "Each employee gets 800 yuan in salary, and the average area per person is just one square meter. This leader is really not doing a good job at all! But what can I do? Who let my dad be just a small leader in the Financial Regulatory Commission? Being able to get me a position at the Hai Shang Group and demote me to the securities company as the head of the Beijing branch is already quite good. After all, the stock market was once glorious. Who knows when the market will pick up again? At that time, it'll be my chance to shine!"

  Director Shi stood in front of the large projector, opened the PPT software, and projected a pile of data onto the screen. He looked at the employees below and said: "Comrades! I am very dissatisfied with our current data. Look! What kind of data is this? The number of new accounts? We only opened two customer accounts in one month! One customer only deposited 2,000 yuan into their account! And another one was good, with 10,000 yuan. That's just enough to meet our standard for a valid customer! Let's take a look at our commission income! Our commission income is only a pitiful 4,000 yuan! We have ten large customer rooms in the back! One large customer room averages over two million yuan above! And we only created this little benefit? Not even enough to cover water and electricity, rent, and our employees' salaries!" He then turned to look at the Marketing Director.

  The marketing director is a chubby middle-aged man. He can also be considered an old-timer in the securities industry. He started working at Guotai Securities in Shenzhen very early on. When he graduated from university, he followed the trend and went to Shenzhen to start his own business. Doing business was a gamble, but most people made money. However, our poor Director Wu Kaiwu was swindled and ended up with nothing but a small amount of debt. He had no choice but to start over.

  Luckily, it was around the time when China's stock market was established. At that time, university graduates could still find jobs easily. Director Wu thought the securities industry would be profitable, so he boldly entered the field. He suffered a lot at first, especially when trying to sell the initial public offering of Shenzhen Development Bank. Nobody wanted to buy it, and he had to go door-to-door in Shenzhen, pushing his bicycle and selling one share for one yuan.

  Most people who bought shares were village officials and secretaries who thought they were contributing to the construction of communism. They bought tens of thousands of shares. However, after numerous splits, dividends, and bonuses, the stock price increased by several thousand times within a year or two. Those who had refused to buy Shenzhen Development Bank's IPO were left regretting their decision.

  Director Wu was part of China's glorious stock market at that time. However, Guotai Securities went bankrupt due to its involvement in the 9.27 national debt event and was eventually acquired by Jun'an Securities, becoming Jun'an Guotai. At that time, Director Wu had already become the general manager of one of Guotai Securities' branches. Due to internal power struggles, he became a scapegoat and was ruthlessly fired.

  Relying on his past experience, he returned to Beijing. Soon, he found a suitable position at Hai Shang Securities near his home. The lingering bad luck seemed not to have left him. After escorting and sending off two leaders with Wang, he thought it was his turn to take the position, but unexpectedly, a new leader named Shi descended upon them, making Wu Zong Jian extremely angry.

  Here is the translation:

  Wu Zongjian saw Shi Zong looking at him and secretly curled his lip. He immediately said: "Currently, the stock market has been stimulated by the nine good policies of the country, and yesterday's market was like a geyser. With the hot money following the wind, if there is good news this weekend, I have reason to believe that next week's market will continue to rise!" Shi Zong slapped the podium unhappily and said: "I didn't ask you to analyze the market. What I want to hear is how to improve performance, at least not lose money, and be able to pay everyone's salary! The total salary given by the company is very meager!"

  Wu Zongjian shook his head helplessly and thought to himself: "If only I knew how to make money, I would have become rich and opened a BMW dealership long ago! Who would have ended up in this embarrassing situation where even a thousand-mile dog wouldn't dare to drive, let alone afford gas?" But he said aloud: "Currently, our securities market still hasn't changed its embarrassing situation of relying on heaven for food. The big plate has been sluggish for five years and has basically extinguished the enthusiasm of countless investors. New accounts are hard to open. Fortunately, the recent implementation of the national nine articles has boosted China's stock market, and the recent exit from the stock reform has given China's stock market a turning point! We might as well take advantage of the good policy and increase our propaganda efforts. Set a reasonable target, such as each of you forming pairs and setting targets to open an effective client within a month and make a transaction! As for the trading volume problem, isn't there a private equity fund like Xuri Huoteng in our big account room? Why not lead the team to do some work and let them moderately increase their turnover?"

  Actually, Wu Zongjian's previous words were quite good, but he intentionally dug a hole for Shi Zong. Perhaps only Zhao Xun didn't know that the head of Xuri Huoteng was often not present, and the one sitting in charge was actually the second-in-command, Du Zong. However, even the second-in-command had been a prominent figure in the past. Xuri Huoteng had played the role of a daredevil in Haiyang Securities, making Beijing Haiyang Securities and Ping'an Business Department often land on the top five list of buyers and sellers. As the leader, Xuri Huoteng had an inseparable relationship with them. Moreover, Xuri Huoteng often collaborated with Jingshunli Business Department, Yuetan North Road He Yin Securities Business Department, and others to sit on the market, really making a lot of money. However, after their joint operation with Yin Guangxia a few years ago, the biological extraction fake scandal was exposed, and they were also implicated. They couldn't protect the disk at all, leading to a large-scale collapse that left them unable to recover. The impact of that incident also became the fuse that led to Xuri Huoteng's current decline.

  But isn't there an old Chinese saying that even a dead camel is bigger than a horse? Shi Zong was just a young and inexperienced kid who had just come out of his shell. Wu Zongjian secretly sneered in his heart, thinking that if Shi Zong really offended Xuri Huoteng, they would turn around at the next intersection and go to Zhengfang Securities. The headquarters would send flying fish robes and embroidered spring knives to investigate, and see how he would die!

  Here is the translation:

  However, after listening to General Wu's statement, Director Shi nodded expressionlessly and didn't respond. Instead, he looked at General Wu's sales staff and said: "General Wu has a good point. Opening accounts is the foundation of a securities company. Only by constantly introducing new clients can the company develop and grow! From this month on, everyone will be paired up freely. Regardless of whether you're a counter staff or an operations staff, all employees will participate. Each group needs to open one effective account. The first place winner will receive a reward of 200 yuan from me personally!" Chen Ai Hua was the first to cheer and applaud for Director Shi, saying in a not-too-loud voice: "Director Shi is mighty!" Everyone looked at each other and also applauded enthusiastically. Director Shi looked around and continued: "Hmm, General Wu's second suggestion is also good. Later, the operations and marketing department leaders will meet with you. General Wu will lead the team to work with Xuri Huiteng. Can we invite them out for a meal? The Peace Hotel is just upstairs! If the bill comes back to me, the company will reimburse up to 300 yuan. Anything over that amount, General Wu, you'll have to cover yourself!" General Wu was taken aback and thought to himself: "Three hundred yuan? That's not even enough for a decent meal!" Just as he was about to say something, Director Shi continued: "Of course! I also know that 300 yuan is a bit little. But everyone knows the current situation of the company. If this month Xuri Huiteng's transaction volume increases compared to last year... I'll take out 10% of it as a reward and give it to you, General Wu! Am I being generous enough? Ha ha..." General Wu let out a helpless sigh and said: "Thank you, Director." He then fell silent.

  Shi Zong immediately turned to Zhao Xun and said: "Zhao Xun! You're also a new employee who just joined our company, we both started around the same time. But look at you, how can a securities company employee not even be able to support themselves? Even if they can't, shouldn't the assets under their own name at least look decent? Ah, of course, I won't mention my own performance, last month's effective accounts were all opened by me! Look at you, how many accounts have you opened since joining the company? Where are your assets? Why can't I see them?"

  Zhao Xun hung his head in distress and immediately said: "Leader! I will work hard, please leader look at my future performance!"

  He's doing all this to establish his authority in front of new people. It's not good to say more, after all, now even a salesperson for fake mobile phones can get a basic salary of 1,800 yuan. Zhao Xun is a graduate of a well-known university and has a low salary. It's really rare! If he gets impatient and quits, it would be like a small rabbit biting a big grey wolf! Resigning from the job. It's hard for Director Shi to recruit someone with such background and education in society!

  Mr. Shi glanced around the room and said in a light tone, "Let's adjourn." He was the first to leave and walked back to his general manager's office. Mr. Shi wasn't just worried about work performance. Recently, the popular online game World of Warcraft had started its public test in China. In the game, his character Ogrimar had never won a PK battle at the crossroads with blue and green equipment. Mr. Shi felt increasingly annoyed and quickened his pace back to his office.

  Zhao Xun is still sitting in the conference room, feeling depressed about where to open an account. Originally, he met a silly kid on the bus today who seemed to want to open an account, but didn't leave his contact information. He was blaming himself when Director Wu said: "Little Zhao, come to my office for a moment!" "Oh! Okay, leader!"

  Wu's face, usually as calm as the sea, showed a hint of depression. He had originally planned to teach that little brat a lesson today. But unexpectedly, the other party played a Tai Chi move and directly threw himself into it. Glancing at Zhao Xun who came in, he said casually: "Sit down and talk!" "Okay, boss!" Zhao Xun behaved even better in front of Wu than he did in front of Shi. After all, Wu was his direct superior.

  Wu Zongjian immediately said: "You also saw what happened today! You go to the big house first, find Du Zong of Xu Ri Tenghui to feel out the situation. Hehe, you're a girl, play your advantages!" This made Zhao Xun who had just graduated and didn't have much experience dizzy. Of course, Zhao Xun wasn't an extremely silly and cute little sister. But it also cast a faint shadow on Zhao Xun who was about to go to the big house to gather information.

  Ordinary people often hear about the trading rooms of securities companies. They often feel that it is a place full of mystery. Wealth is created here, and wealth is lost here. Many people want to take a look at what a real trading room looks like. In fact, if you push open the door and take a look, you will definitely feel a sense of disappointment.

  This is the spacious office of Xu Rihui, most of which has been replaced with his own things, and the ones provided by the brokerage firm are not many. On a large desk, there are three computer monitors, a small stone pen holder, and a pen holder. On the wall in front of him, four powerful vertical characters "Thick De Zhu Wu" are posted. Above the bright red signature, two characters "Mo Ruo" are written prominently. In the room, there is a set of genuine leather sofas. In the middle of the room, a large golden fish tank is placed. Several golden carp swim back and forth.

  Mr. Du sat behind his office desk, appearing to be in his thirties. He had a square face and a broad forehead that shone brightly under the light. His eyes were naturally smiling, making him likable. However, below his eyes was a different story - a lion-like nose and a large mouth. His sturdy build was clad in high-end western attire, giving off an odd impression. Mr. Du slammed down the phone, furious, and began muttering to himself in front of the computer: "Damn it! You ungrateful bitches! Don't know how to appreciate kindness! If I didn't take a liking to you, would I have paid 50,000 yuan for your first time? Screw that! Pretending to be so noble!" He casually pulled out a can of Coke from under the desk and was about to open it when he heard a knock at the door. He put down the Coke and said, "Come in!"

  Two men entered the room. The one in front was around thirty years old, similar to Du's age. The other man was over fifty years old, with gray hair and a haggard face. The first man nodded at Du and said, "Du, this is my friend, Teacher Liu. He wants to rent an account from us." Du nodded politely and said, "Mr. Liu, hello. Do you know the rules?" Teacher Liu nodded, "Don't be polite, Du. Just call me Old Liu. I've already heard about it from Xiaoduan. I'll put in 100,000 yuan, and then you'll add 500,000 yuan to my account. You'll manage it according to your usual methods. If there's a loss, the money will come out of my account. If there's a profit, it's mine. Your money will be calculated at an annual interest rate of 15%." Du nodded and smiled, "Teacher Liu, since you understand, I want to remind you that this kind of cooperation carries great risks for you. If we lose money, we'll liquidate quickly. Don't blame us for not warning you!" Teacher Liu sighed, nodded, and didn't speak, indicating he understood. At this time, Xiaoduan had already taken out the contract from the cabinet and placed it in front of Teacher Liu. Since both parties were clear about the terms, Du's group would earn interest, and Old Liu would get his funds. Signing the contract should have been the end of it. However, Xiaoduan said on the side, "Teacher Liu, do you think 500,000 yuan is enough? According to Du's rules here, we can increase the ratio to 1:10! With the recent national policy and the good market conditions, yesterday's big rise of over 4% and numerous stocks rising to the limit... I estimate the market will start to rise soon! Why not borrow more funds from Du's group and quickly win back your property certificate?"

  Mr. Liu's face was pale, and although it wasn't hot in April, with a hint of warmth and coldness, Mr. Liu's forehead was sweating. He took out a handkerchief from his shirt pocket, which had been washed to the point of being slightly yellowed, and wiped his forehead. Muttering to himself for a few moments, he said to Director Du: "Director Du, then I'll invest ten times the funds!" Director Du's eyes, which seemed to be smiling, flashed with a hint of sharpness. He nodded and smiled, saying: "Okay, Mr. Liu, I'll modify the contract to reflect that. Once your funds are in place, our funds will be transferred immediately." After finishing speaking, he began writing on the contract with quick brushstrokes. When finished, he took out the company seal from his desk drawer.

  A loud thud covered the contract...